What Is Compliance Automation? (Understand How it Works in 2024)

Compliance has come into focus with new challenges and growing regulatory pressure. The compliance process has many pitfalls that compliance officers deal with daily. For instance, one study found non-compliance costs an average of $14.82 million, compared to just $5.47 million for compliant firms.

A growing number of organizations have adopted automation as a solution. Read on to learn what compliance automation is and how it can be best implemented.

Understanding Compliance Automation

Compliance automation is the use of software solutions to streamline compliance management. It saves the compliance team time and reduces risk. To do so, it automates routine administrative tasks using integrated compliance rules.

Depending on the compliance solution, these rules can be integrated into existing systems or on staff devices. Compliance automation significantly reduces the time and manpower needed to detect non-compliance, resulting in faster business growth.

Organizations require a well-defined repository of rules for each compliance topic for the best compliance outcome. These rules need to be accessible to relevant systems and their users.

How Compliance Automation Works In Practice

Compliance automation solutions categorize data systems and create protections for them. Applicable rules govern the categories, which could be HIPAA, SOC2, ISO 27001, fedRAMP, or CJIS frameworks.

It entails collecting, controlling, and analyzing data at various stages. If a possible violation occurs, the automated compliance tool can then generate alerts where needed.

For example, data in a spreadsheet can be compared to historical results. If the compliance automation tool detects a spike, it can create a report and send it to relevant stakeholders.

Swif compliance automation platform can also be integrated with Vanta and Drata to track security compliance across your devices.

Why Compliance Is Important

Non-compliance can expose you to prolonged and expensive court cases. An automated compliance strategy ensures that a company responds to issues ahead of time to avoid issues.

Secure Your Organization’s Device Security

It can also expose you to security breaches from opportunistic hackers. Swif’s Vanta integration ensures your organization’s device security is always at the highest level. In a world where a single security breach can lead to years of reputational damage, Swif protects you and your future.

Qualities Of A Great Compliance Automation Solution

When considering an automation solution for your compliance needs. These are qualities to look for:

Continuous Testing

Great compliance solutions continually test your systems to ensure that it is properly configured. It should then provide real-time alerts to relevant parties.

A Wide Range of Supported Platforms

A good compliance solution should support integrations with numerous platforms and operating systems. Swif is an example of this type of solution. It can be integrated with up to 25 HR systems.

The Swif platform can also be easily integrated with the Vanta, Drata or SecureFrame security compliance tool to ensure your organization’s security.

Comprehensive Data Classification

A good compliance automation tool must support data classification tools to ensure compliance with privacy laws.

Customized Reporting

Ensure the compliance automation tool can provide actionable reports with just a few clicks. It should allow you to remove or modify sensitive data from files.

Account And Password Management

Opt for a compliance automation solution that can manage user accounts. It should deactivate inactive accounts and automate password management.

A Clean User Interface

Opt for a compliance automation solution with a clean, navigable UI. This can be super useful when training employees to use it.

Why Partner With Swif?

We can help you grow your business as you navigate compliance requirements. Compliance can be difficult and time-consuming. If not handled well, it can derail your goal of growing your business. Our AI-powered automated compliance solutions can help you streamline your compliance journey.

Partner with us today for compliance!