Presented by Laika
Compliance is the foundation that organizations need to grow organically, build trust with customers and partners and increase the bottom line. In this VB On-Demand event, you’ll learn how to get started on your compliance journey – and turn it into a competitive advantage.
At its core, corporate and regulatory compliance is a breeze. It detects and protects rule violations, protects your organization from fines and lawsuits, and helps build barriers against cybercrime. It includes internal policies and procedures as well as external federal and state laws. But corporate compliance isn’t just about managing direct risks from adversaries — it’s critical to the company’s long-term growth, said Cristina Bartolacci, strategic compliance architect at Laika.
“There’s a lot of emphasis right now on making sure you’re working in a capacity that has both operational and technical security in mind so you can scale your organization and prove it to potential partners, or anyone who will be using your product. or service, that you take risks seriously,” says Bartolacci. “It’s kind of like this gold standard of operational effectiveness.”
Contents
Why set up a compliance program?
There are huge benefits to building a solid compliance program early in a company’s growth process, as you can grow and evolve these controls over time as business needs and external factors change. While it can be a big improvement at first, it sets an organization up for a more seamless compliance journey when operationalized and ingrained in the company culture. But no matter when you launch a compliance strategy, it has a major impact on the entire business.
“It’s about the people, the organization, the growth strategy, that whole 360 view,” says Bartolacci. “There will be issues around scalability. You could potentially lose a partner’s trust and end up stunting your overall growth I guess if you don’t take it seriously early on. That ultimately has that ripple effect across the entire organization.”
It is also a powerful differentiator, for example when two companies compete against each other in the purchasing process. Security is a huge focus of supplier due diligence. If you can’t prove certifications or security metrics are in place, the relationship ends there. And the impact is the same even when you’re trying to sell a product or service.
“You’ll almost seem amateur in some capacities if you don’t have it, especially if everyone around you does,” she stresses. “And it helps you build a high standard of operational effectiveness.”
How compliance is transforming business
Compliance and the compliance journey require clear policies, procedures, and documentation—essentially a blueprint for how the entire organization should operate, from how a department is organized, and guided to standards of employee behavior.
“By building a compliance program, you can set a tone for how you will organize, facilitate and ultimately implement your controls and policies,” says Bartolacci. “It forces you to adopt best practices and exert as much control as possible over factors such as human error.”
It’s a very effective strategy to implement as a business grows. When procedures are informed by best practices and they are ingrained into how a department or team works, it helps ensure there are no deviations or lost steps during the lifecycle of a project, whether it’s a team of five engineers or 30 .
“When a company gets that much bigger, it’s a lot harder to get down to the smallest details,” she explains. “The details are really where a lot of these things matter, which is why I always encourage clients to do it early and often.”
Implement a compliance strategy
Implementing a compliance and security program takes time and should not be rushed and imposed on employees without training and a thoughtful introduction to what compliance means, how it works and how they fit into the strategy.
“Nothing makes anyone more resentful than having to sprint to the finish line with this looming dark cloud,” says Bartolacci. “Because compliance can sometimes feel that way to people.”
Executing a strategy mindfully on a company’s own timeline also produces a program that is much more holistic and representative of the company as a whole, rather than a pimped-up band-aid.
“It’s important to know that it’s easier to walk before running, to master some of these things at a company’s own pace, rather than a pace set for them by a deadline. “, she says. “The customers who really take matters into their own hands and do it on their own time are much more successful because they are proactive rather than reactive.”
Watch this VB On-Demand event now to learn more about starting your own compliance journey, an in-depth look at what it really means to ensure your business and employees are protected, and real-world insights!
Start streaming now.
agenda
- Demystifying policies, standards and controls in a company’s compliance journey
- Things to consider when setting up a compliance program
- Overcoming the Barriers to Success in Attestation and Certification
- Filling the gaps and tackling the most difficult controls and policies to implement
- Insights gained from real-world “wish I had known this when I started” moments
presenters
- JP HigginsHead of Operations, Trellis
- Cristina BartolaccicStrategic Compliance Architect, Laika
- Chris J. PreimesbergerModerator, Venture Beat
Janice has been with businesskinda for 5 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesskinda team, Janice seeks to understand an audience before creating memorable, persuasive copy.