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compliance

Smart IT Procurement: How to Cut Costs and Save Time

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Managing IT procurement effectively can mean the difference between a streamlined, cost-efficient operation and a chaotic, overspending nightmare.

With businesses increasingly reliant on technology, ensuring that IT purchases align with budget constraints, operational needs, and long-term strategy is more crucial than ever.

Yet, many companies still struggle with inefficient procurement processes, leading to wasted time and money. [Read more…] about Smart IT Procurement: How to Cut Costs and Save Time

The Role Played by Automation in Data Removal and Privacy Management

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There are so many statistics we could give you about automation and how almost everything is benefiting from it. One page full of statistics had some relating to data, regulation, and compliance: 58% of businesses are using automation for data reporting and 36% for regulation and compliance.

For data removal and privacy management, automation could be an industry-leading method of keeping people’s data safe. People are literally leaving their data online and open for the taking, with data brokers constantly collecting personal data to sell to third parties.

Below, we’ll explore how automating data removal and privacy management could potentially decrease the rapidly rising number of cyber attacks and help individuals with their online safety. [Read more…] about The Role Played by Automation in Data Removal and Privacy Management

What are the most common web accessibility errors, and how can they be detected?

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Web accessibility errors cause a significant group of society to lose the right to access information or services, whether public or private, available on the Internet.

This problem undermines people’s equality and fairness, as well as their fundamental right to stay informed.

You shouldn’t ignore these types of errors, and you must resolve them to ensure accessibility compliance. Let’s talk more about the mistakes you should avoid. [Read more…] about What are the most common web accessibility errors, and how can they be detected?

Ensuring Regulatory Compliance in AC Repair: The Case for Specialized Tools

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Mastery in AC repair is a journey that demands dedication, continuous learning, and hands-on experience. Technicians must stay abreast of evolving technologies, industry best practices, and regulatory requirements.

The path to mastery involves not just understanding the mechanics of air conditioning systems but also developing a deep knowledge of the various tools and techniques essential for effective repairs.

Achieving mastery in AC repair means committing to ongoing education and training. It requires a comprehensive grasp of system diagnostics, troubleshooting, and the ability to perform precise repairs under diverse conditions. [Read more…] about Ensuring Regulatory Compliance in AC Repair: The Case for Specialized Tools

Compliance and Regulation in the Robotics Industry

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From the main characters of science fiction books and movies, robots have suddenly become a part of our everyday reality. They count, write, cook, clean, build, and even perform surgeries.

Though it is too early to speak about the rise of machines, the robotics industry has already implemented some limitations for the robots it creates, including legal ones.

What does compliance mean when it comes to machines with intellect, and what regulations control their actions? Let’s discover! [Read more…] about Compliance and Regulation in the Robotics Industry

The Role of the LEI Register in Modern Compliance and Regulation

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Transparency and accountability in financial transactions are paramount in an increasingly interconnected global economy. The Legal Entity Identifier has emerged as a critical tool in this context.

This unique 20-character alphanumeric code provides a standardized identifier for legal entities participating in monetary transactions worldwide, thereby enhancing the efficiency and security of the global economic system. [Read more…] about The Role of the LEI Register in Modern Compliance and Regulation

How Regulatory Technology Impacts Banking Compliance

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Regulatory technologies (RegTech) are an emerging trend in the banking sector. The global regtech market size is projected to grow to $85,92 billion to 2032.

The market expansion is driven by the rapid adoption of advanced technologies and the need of banking business to address increasingly complex regulatory requirements.

Since regulations become more complex, and change frequently, human compliance managers find it hard to address all the compliance requirements. [Read more…] about How Regulatory Technology Impacts Banking Compliance

Scrut Automation raises $10 million in growth capital

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Governance, risk, and compliance (GRC) platform Scrut Automation has raised $10 million in growth capital from existing investors Lightspeed , MassMutual Ventures and Endiya Partners.

The Scrut Automation team will use the funding to enhance their platform capabilities, incorporate generative AI use cases to reduce the manual effort for risk and compliance teams and expand to North American and European markets.

With this round, the company has now raised $20.5 million in total venture funding since its inception in 2021. [Read more…] about Scrut Automation raises $10 million in growth capital

Justworks EOR Services: 3 Things Your EOR Service Provider Should be Getting Right and Why

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International hiring is on the rise, and so, too is the demand for EOR services. Choice is an excellent thing. However, it can be difficult to choose the best EOR service provider for your company.

Every Employer of Record, including Justworks EOR services, has its unique selling point. However, there are the top three things your EOR service provider of choice should get right. [Read more…] about Justworks EOR Services: 3 Things Your EOR Service Provider Should be Getting Right and Why

The Vital Role of LEI Records in Business Authentication

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In the labyrinthine world of global finance and commerce, trust and transparency are the bedrocks of successful transactions. The Legal Entity Identifier (LEI) is a powerful tool that enhances trust and ensures businesses’ authenticity.

This article explores LEI records’ pivotal role in authenticating businesses, safeguarding transactions, and fortifying the global financial ecosystem. It is also very important to note that every financial institution must enroll in LEI Register. [Read more…] about The Vital Role of LEI Records in Business Authentication