What do we mean by “continuous compliance”?
Annual compliance audits aren’t something a business typically looks forward to. As it currently stands, for many businesses, it’s a labor-intensive check box exercise that usually goes out of date the minute it’s completed, so being “audit-ready” is never more than an aspiration. It’s not technically possible. Mistakes are easily made due to fatigue, crucial details are often overlooked because of the manual processes involved, and getting an up-to-date view of an organization’s risk posture and compliance status is near impossible.
Continuous compliance circumvents the last-minute stress usually associated with auditing by making compliance a continuous, year-round objective. There are some crucial technologies that underpin and facilitate continuous compliance, which we’ll talk about in a moment. But first, it’s important to highlight that continuous compliance is as much about culture as it is about technology. Building compliance into your day-to-day processes and thinking about it continuously is far better than shelving it and putting it out of your mind until auditing day rolls around again.
One of the things businesses often shy away from when thinking about continuous compliance is the idea that they’ll be creating more work for themselves. This isn’t true. In fact, continuous compliance will actually save you time. It’s about collecting compliance data quickly and more often using technology and automation to enable your business to have a live view of compliance. That, in turn, will enable you to pivot and focus your precious resources on the highest risk areas within your organization.