Regulatory compliance impacts all aspects of business operations. A lot of efforts go behind regulatory compliance and a single flaw in the system can result in adverse circumstances. In order to comply with regulatory requirements, one must have appropriate technology solution that automates control, security and performs many other tasks required for regulatory compliance. Docsvault is an excellent software tool that helps organizations minimize risks and ensure regulatory compliance. Let’s find out how Docsvault can help meet regulations.

  • Strong security controls to safeguard data
  • Records management system to control records
  • Version control feature to maintain document life cycle
  • Workflow to govern creation, review and approval process
  • Complete audit reports of all actions within the repository
  • Simple and flexible for user convenience

How to ensure compliance using Docsvault?

HIPAA

Eligibility: Employers and all healthcare providers that transmit employee/ patient information electronically for claims, benefit eligibility, referral authorizations, etc.

Most people have misconceptions about HIPAA. We have tried to answer a few frequently asked questions and describe how Docsvault can help ensure HIPAA compliance.

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Sarbanes-Oxley Act

Eligibility: Publicly traded companies, public accounting firms, auditors, brokers, securities analysts

According to SOX, companies must assess their document processes, structure them effectively and take steps to control risks. Find how Docsvault can help.

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ISO 9001

Eligibility: All companies providing products / services to customers

Document management and control is a cornerstone for ISO 9001. Docsvault helps achieve ISO compliance through its record management and security features.

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SEC

Eligibility: Financial services such as brokers, dealers, exchange members

SEC compliance is for financial services firms. It is especially beneficial for broking firms and dealers. Find out how Docsvault helps in SEC compliance through its various features.

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Gramm-Leach-Bliley Act

Eligibility: Financial services such as brokers, dealers, exchange members

This act states that customer data must be protected from any threats that could result in unauthorized use. Docsvault can help secure documents and ensure compliance.

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FDA

Eligibility: Food and drug manufacturers, traders, wholesalers

Food and Drugs Administration is one of the most important watchdogs. Docsvault can help comply with some parts of Clause 11 of FDA.

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General Data Protection Regulation (GDPR)

Eligibility: It is for any company doing business in Europe or with European customers.

The regulation requires the active consent of customers and gives them new portability powers to control the transfer of their own information.

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Disclaimer

It is important to note that no software can automatically guarantee compliance with any regulations. There are many aspects to regulations, all of which are not covered by systems or software. However, there are some particular areas such as data security, processing, retention, document life cycle that are important for complying with most regulations. Docsvault offers all major features necessary to comply with regulations and hence helps you in regulatory compliance.