Regulatory compliance is no longer just a concern for large companies. Small and Medium Enterprises (SMBs) are subject to strict data protection and security regulations such as HIPAA, PCI-DSS, CMMC, GDPR, and FTC Safeguard Rules. However, many SMBs struggle to maintain compliance due to limited IT resources, evolution of regulatory requirements, and complex security challenges.
Recent data shows that there are around 33.3 million SMBs in the US, with over 60% not fully complying with at least one regulatory standard. This means that around 20 million SMBs could be at risk of fines, security breaches and reputational damage.
For managed service providers (MSPS), this provides a great opportunity to expand service delivery by providing continuous compliance monitoring.
The role of ongoing compliance monitoring
Traditional compliance audits are conducted regularly. It is often done annually or quarterly. However, this approach leaves a gap in which security threats and non-compliance can be noticed.
Continuous compliance monitoring provides real-time visibility into security, data protection and regulatory compliance. This aggressive approach makes the MSP look like this:
Compliance issues arise because they do not await an annual audit. Automate reports and documents and reduce manual labor. Reduce the risk of penalties before compliance gaps become violations.
With the right tools in place, MSPs can convert compliance from time-consuming, labor-intensive headaches to scalable, profitable services.
Value for MSP Clients: Why Companies Need Continuous Compliance Monitoring
For SMBs, the benefits of compliance monitoring far exceeds avoiding fines. A proactive compliance strategy can help your business.
Minimize the risk of fines and legal penalties: Regulatory fines range from thousands to millions of dollars. Continuous compliance monitoring helps businesses avoid these costly penalties. Enhanced security and data protection: Non-compliance violations often correlate with weak cybersecurity practices. Compliance monitoring solutions help businesses detect vulnerabilities before they lead to data breaches. Preparing for Audit Preparation: Preparing for an Audit may take weeks or months. Automatic compliance reports eliminate last-minute scrambling and ensure that businesses are always auditable. Enhance business reputation and customer trust: Consumers and partners are more likely to work with businesses that demonstrate a strong commitment to compliance and data security.
How Compliance Manager GRC Turns Compliance into a Scalable MSP Service
For many MSPs, managing compliance manually is complex, overwhelming and unprofitable. Compliance audits, documentation, and risk assessments often consume valuable time and resources without clearly returning returns. Simply put, it’s difficult to sell and it’s difficult to provide this important service.
That’s where compliance manager GRC comes in. Easily manage security and regulatory compliance. Think of it as a dedicated compliance co-pilot and ensure that businesses continue to comply with security laws and standards without the hassle of manual effort.
MSP Success with Compliance Manager GRC – Case Study
“Before we used Compliance Manager GRC, compliance was owned. It cost us $5,000 a month for only one law firm client, wasted time on audits and documents. We had to leave.
But after implementing Compliance Manager GRC, everything changed. We focused on the right clients, streamlined compliance and turned it into a major revenue driver.
– Javier Dugarte, Vice President of Sales and Operations, Gocloud Inc.
Compliance Manager GRC allows MSPs to turn compliance into a competitive advantage, secure high-value clients and unlock new revenue streams.
New features that make Compliance Manager GRC even more powerful
Compliance Monitor: Continuous Compliance Monitoring
Compliance Monitoring enables automated, continuous compliance monitoring, allowing MSPs and their clients to maintain compliance with minimal manual effort.
Automatic Monitoring: Provides 24/7 endpoint monitoring to comply with IT security and regulatory compliance standards. Compliance Preparation Tracking: Provides detailed insight into the endpoint configuration for tracking compliance status. Verify endpoint configuration settings: Ensure that the correct security settings apply to all endpoints. Provide repair guidance: View CIS benchmark guidance to help engineers quickly fix false mining and maintain compliance.
By using the Compliance Monitor feature, you can save time, avoid audit headaches, and provide clients with ongoing compliance assurance.
Risk Manager: Simplify risk management for your MSP
The Risk Manager feature helps MSPs demonstrate value to their clients by providing clear and viable risk insights to support smarter decisions.
IT Security and Compliance Risk Management: Automate risk assessment and reporting. Provide simplified insights: Help businesses prioritize and take proactive action in high-risk areas. Meet regulatory and cyber insurance obligations: Ensures businesses continue to be maintained while reducing cyber risk.
Compliance Monitor and Risk Manager makes Compliance Manager GRC simple and easy for MSPs that try to save time, reduce risk and turn compliance into high value services.
How compliance monitoring helps MSPs grow their client base
With MSPS, it is not only a way to provide continuous compliance monitoring, but also a growth opportunity, not only to support existing clients. Here’s how compliance services can help you grow your MSP business:
Product Differentiation: MSPs, providing compliance as a managed service, stand out in busy markets. Unlock new revenue streams: Companies in healthcare, finance, legal, and other regulatory industries must remain obedient and create opportunities for highly demanded services. Strengthen client relationships: Compliance is a continuous need, ensuring long-term contract renewals and repeated revenues. Attract large clients: Medium-sized and enterprise companies often need compliance monitoring of vendor contracts. MSPs that provide these services are more competitive.
With nearly 20 million SMBs in need of compliance solutions, the MSPs that provide these services are well positioned for growth.
How MSPs Implement Continuous Compliance Monitoring
To provide successful compliance monitoring, you must:
Take advantage of automated compliance tools – use platforms such as Compliance Manager GRC, which provides real-time compliance assessments and reporting. Perform regular risk assessments – identify compliance gaps and proactively address vulnerabilities. Provide ongoing compliance reports – help clients maintain audit and regulatory requirements documentation. Educate your clients on compliance best practices – make sure your company understands how to maintain evolving regulatory landscape and compliance.
Implementing these strategies allows you to provide high-value compliance solutions while increasing service revenue.
We will close your MSP business in the future with compliance services
Regulatory compliance is not an option. This is a critical business need for SMBs. However, as millions of companies struggle to maintain compliance, MSPs have a great opportunity to intervene in their ongoing compliance monitoring services.
By providing proactive compliance monitoring with Compliance Manager GRC, you can:
clients help clients avoid fines and security risks
complairance Automate compliance reports and streamline audits
Expand service services and increase revenue
Compliance Building long-term relationships with companies that require compliance expertise
Compliance regulations will only become more stringent, and MSPs investing in ongoing compliance solutions today will be positioned well for long-term success.
Request a demo today.
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