Stay Ahead on Security and Compliance Risks
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M-Files helps enterprise teams efficiently manage compliance, minimize risk, and safeguard the business from significant repercussions such as financial penalties, lawsuits, and reputational harm.
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50%
Improvement in ease of document creation by M-Files customers using templates.
88%
Of all data breaches are caused by human error, highlighting the importance of data security.
65%
Of workers reported being less stressed thanks to work tasks being automated, reducing manual processes.
Compliance and Risk Management
M-Files helps organizations reduce business risk and ensure compliance.
Enterprise Risk and Compliance Management
Enhance risk and compliance management through automation. Achieve robust compliance without unnecessary manual efforts or costs. Systematically manage risks, integrate compliance controls into everyday operations, automate records retention, and simplify contract lifecycle management (CLM).
Challenge: Complex regulations drive high compliance costs.
Companies must comply with laws, regulations, standards, policies, and contracts. Balancing compliance with efficiency is challenging. Some invest in staff and systems, reducing profitability, while others rely on existing teams, risking penalties and reputational damage.
The challenges
Risk and compliance management are distinct activities, leading to additional workload.
Risk and compliance management are distinct activities, leading to additional workload.
Risk and compliance management are distinct activities, leading to additional workload.
Risk management is crucial for any business, and all organizations must adhere to regulations. Treating these activities separately leads to unnecessary duplication and increased costs.
Compliance processes result in added manual effort.
Risk and compliance management are distinct activities, leading to additional workload.
Risk and compliance management are distinct activities, leading to additional workload.
Active risk mitigation and compliance enforcement are often treated as extra tasks on top of regular business operations, leading to wasted time and effort. This is frequently overseen and audited by dedicated staff.
Records retention requires deliberate manual efforts
Lack of visibility into contracts and renewals results in unnecessary costs.
Lack of visibility into contracts and renewals results in unnecessary costs.
Compliance related record retention requires identifying the relevant information, transferring or copying it to an archive, and documenting the retention period, usually all performed manually.
Lack of visibility into contracts and renewals results in unnecessary costs.
Lack of visibility into contracts and renewals results in unnecessary costs.
Lack of visibility into contracts and renewals results in unnecessary costs.
Business risks can be managed through contractual obligations, liabilities, and remedies, but often lack of company wide governance results in increased risks and costs.
Solution: Automating risk and compliance management by embedding it into daily workflows
An integrated approach to risk and compliance management reduces redundancy and costs. Embedding controls into daily workflows ensures effortless compliance, while automating records management improves efficiency. Streamlining contract lifecycle management cuts costs and mitigates risks through stronger governance. Effective document and workflow automation ensures proper handling and easy access to records.
The Solution
Implement a unified strategy for managing risk and compliance
Implement a unified strategy for managing risk and compliance
Implement a unified strategy for managing risk and compliance
Connect risk assessment and monitoring with mitigation actions and compliance controls to create synergy and improve efficiency across both areas.
Integrate compliance controls into everyday operations
Implement a unified strategy for managing risk and compliance
Implement a unified strategy for managing risk and compliance
Integrate compliance controls into everyday business processes and workflows to ensure seamless compliance and audit readiness with minimal effort.
Automate records management
Optimize and simplify contract lifecycle management.
Optimize and simplify contract lifecycle management.
Use automation to classify information, enforce retention policies, set permissions, and carry out archiving and disposal tasks.
Optimize and simplify contract lifecycle management.
Optimize and simplify contract lifecycle management.
Optimize and simplify contract lifecycle management.
Utilize document generation to standardize contracts, workflows to monitor lifecycle stages, and notifications to alert on renewals.