ROI Business Case for Compliance Audits

Churchill & Harriman works with you to help you meet your compliance obligations using systematic tools and processes. Employing our solutions can result in significant reduction in your enterprise-wide compliance spend year-over-year, and also reduce the complexity of addressing ever mounting compliance requirements.

The Cost of Compliance - Audit Expense

The purpose of this analysis is to measure the cost optimization realized in audit expense when utilizing a Churchill & Harriman – SafeNet compliance solution versus a traditional compliance approach.

Understanding the cost optimization that can be achieved in just the single area of compliance audit costs will well illustrate the potential, total cost optimization that can be realized from your compliance spend through engaging with C&H.

Cost of Compliance Background

One of the most compelling business factors driving the adoption of enterprise data protection is pressure from legal and regulatory compliance initiatives. Whether addressing Sarbanes Oxley (SOX), Gramm-Leach-Bliley, PCI DSS, Safe Harbor, or HIPPA – businesses find themselves seeking solutions to implement necessary security controls to meet compliance obligations. Thus, compliance has become an increasingly costly mandate for companies. This increase in cost is a direct result of the complexity presented by numerous laws, regulatory and industry-specific requirements, and the diversity of bodies that issue these.

Upon closer examination, it becomes clear that the diverse regulatory and industry-specific requirements share common objectives towards ensuring the integrity, confidentiality, and availability of information, as well as the security of supporting systems and infrastructure. One area common to all compliance requirements and a prime candidate for cost optimization is audit. This analysis illustrates the cost optimization realized in audit expense when utilizing a Churchill & Harriman – SafeNet compliance solution.

Analysis Specifics

This analysis focuses on the major areas that are targeted during compliance audits. Each of these areas requires a specific amount of effort to audit and confirm that proper controls are in place. Since most compliance requirements are rooted in preventive controls, our analysis indicates that the most effective enterprise compliance strategy is an Encryption-based, Enterprise Data Protection (EDP) solution that extends across applications, middleware, and data stores. This makes Enterprise Data Protection (EDP) the most important strategic investment for successfully addressing compliance requirements year-over-year, as automating key tasks improves overall security, lowers the cost of meeting compliance requirements, and demonstrates compliance during audits. Most of all, employing the C&H-SafeNet EDP solution should result in significantly reduced audit findings year-over-year.