Companies are becoming more and more aware of the impact of privacy compliance on their bottom line. Aside from the Corporate Responsibility standpoint, there a tangible benefits from privacy compliance. We see the growing important in the enormous year by year increase of chief privacy officer positions and board seats of members with privacy background.
Increase Brand trust with transparency
Increase customer satisfaction
Reduce shocks to stock price in case of a data breach
Higher prices for privacy compliance
More sales opportunities due to meeting of requirements
Faster sales cycle as privacy compliance documentation is ready to go
Reduced risk of fines
Reduced risk in processes due to risk identification and mitigation
Lower external lawyer fees
Reduces liability of management
Due to the use of library elements, less time spent on updating documentation
Automatization of external questionnaires with one click
Standardization of data subject requests using online form and privacy center allows for standardizing of response.