UnderstandingRegulatory Compliance

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2 | Understanding Regulatory Compliance | cognoscape.com

UnderstandingRegulatory Compliance

Understanding The Importance Of Regulatory Compliance

By now, you know that regulatory compliance is complex and can be stressful. However, if you want to have a strong business capable of expansion and growth, you have to understand regulatory compliance and how government and industry changes can affect your business. If you don’t keep an eye on regulatory changes, there can be dramatic effects on your business; especially if you aren’t prepared for the financial costs and man hours necessary for compliance with new regulations. Because regulatory compliance can be so complex, being compliant can drain resources, hurting the growth prospects of your business. More and more companies are utilizing IT firms with experience in regulatory compliance standards. These companies can handle your compliance for you, so that you can focus your efforts and resources on growing your business instead of simply trying to avoid fines and keeping up with regulatory changes.

How Non-Compliance Can ImpactYour Business

Although regulatory compliance can be stressful, non-compliance can leave your business far worse off. When your business isn’t compliant, you risk

3 | Understanding Regulatory Compliance | cognoscape.com

sanctions and fines from government agencies. You also risk leaving your company open to hackers and data thieves. A data breach due to non-compliance can damage the trust of your clients and business partners in addition to causing a financial toll. Losing the trust of your clients can be difficult to overcome for any small business. Avoid the situation at all costs! Regulatory compliance keeps your business safe and helps you to avoid stiff fines or penalties from government agencies.

Staying Compliant with Government Regulations and Industry Standards

Our team at Cognoscape can help your business stay compliant with government regulations and industry standards such as PCI DSS and HIPAA. These standards help keep your business in line with the rest of the industry. Oftentimes, maintaining industry standards will provide your company’s network and server with a level of security that can give you and your clients peace of mind. Industry standards and government regulations are constantly changing and it can be difficult for anyone to keep up. Instead of diverting your time and resources towards looking at potential regulatory changes, let our experts at Cognoscape do it for you. That way you can stay focused on expanding your business as well as producing new products and services for your clients.

Let Cognoscape Handle Your Compliance

At Cognoscape, we can keep your business compliant amid changing regulatory landscapes. No matter what industry your business is in, we can help you maximize your IT resources and keep you compliant. We understand the risks of non-compliance. You can count on us to keep you in the clear. Get the peace of mind you need to stop worrying about potential fines and penalties from government agencies. We can get to work on getting and keeping you compliant today.

Instead of diverting your time and resources towards looking at potential regulatory changes, let our experts at Cognoscape do it for you.”“

Cognoscape LLC16479 Dal las Parkway, #230Addison, TX 75001(214) 377-4884cognoscape.com