Contract management software automates processes for managing the creation, execution, and analysis of contracts. This software can handle a range of activities, from providing contract templates to sending notifications when the contract is due to expire.
The Gramm Leach Bliley Act went into effect in 1999. Also known as the Financial Modernization Act, it mandates that financial institutions explain to customers how they share their financial information. To be GLBA compliant, these institutions must communicate with their customers to inform them as to how they share data and make them aware that they have the right to opt out if they prefer their data not be shared.
While you may think that common sense could help businesses avoid risk, there are several risk management standards in place making this process more complicated than it seems. That’s why it’s important to follow a risk management planning process.
Businesses can face several risks, some of which can be more devastating than others. In extreme cases, these risks can put your business out of operation. That’s why it’s important to employ Business Continuity Planning (BCP).