With government regulations become stricter, many industries are forced to adhere to new stringent compliance laws. Sarbanes Oxley, HIPAA, FISMA are just some of the laws forcing companies to tightly track business data and processes.
There are many variables that need to be defined when dealing with compliance and having a system that can be flexible is important. Organizations have to define what processes they must place controls on at the business system level. Depending on the regulations that apply to your organization, there is probably an existing set of key processes or areas of risk that have already been established. Your business system must be able to work within these areas in terms of tracking change history and enabling preventative controls.
Microsoft Dynamics GP provides the following in helping your organization manage the challenges of compliance:
- Track changes automatically to any Dynamics GP data field or table with Audit Trails
- Set up compliance control/approval processes with Electronic Signatures
- Easily report on historical data changes and electronic approval information
- Protect historical information by storing data in a separate SQL database
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By: SBS Group –