Contract Insights

Why do you trust your software provider?  Is there any specific criteria by which you measure a software system’s trustworthiness in protecting sensitive and confidential data such as PCI (payment card information), PII (personally identifiable information), employee information, client details, vendor data, and vital contract data?  With increased risk of data and security breaches, especially during such uncertain times as these, you should be confident that your information is stored on a trusted platform.  Read on to learn how to use such a trusted platform, along with the importance of SOC compliance.

Contract management professionals oversee important contracts and agreements with sensitive data, clauses, details, and information.  Given the importance that such classified data is kept confidential, rules pertaining to data access and classification must be precisely and carefully reviewed.  Learn how AI-based contract management software can help contract managers to categorize, safeguard, and protect data.

The IT Industry is facing unprecedented challenges with digital transformation.  Whether you’re an IT service provider, CIO, CTO, or work in a corporate IT department, the future state of your organization is weighing heavily on your team.  To future-proof and take control in the face of stringent compliance requirements, security threats, and privacy and data breaches, IT professionals must be able to respond effectively to organizational change, technological advances, cybersecurity demands, and behavioral, legal, and regulatory compliance requirements.

Do you trust your software provider?  What criteria does your organization use to regulate access and handling of sensitive data such as vendor data, client details, employee information, PII (personally identifiable information), PHI (protected health information), and vital contract information?  With the amount of concern over security and data breach happening today, you should ensure that your confidential information is stored in a trusted environment.  In recent years, leading organizations have proven data security compliance with a SOC 2 report, intended to assure clients that security controls and monitoring are in place.   Data security is crucial when it comes to handling client data and accountability, and any company handling client data should consider SOC 2 compliance a requirement.