Make Compliance Your Superpower

‘It is not our abilities that show us what we truly are. It is our choice.’ These sage words of Professor Dumbledore in ‘Harry Potter and the Chamber of Secrets’ best capture why you should mainstream compliance in your company. Most SaaS start-ups have had a good run so far. But what can they do to stand apart as the business landscape becomes lean and mean? Compliance is the game-changer here and, when streamlined, can be a good growth enabler too.

Read on to know why you should make compliance your top priority.

Better your chances of winning lucrative deals

Trying to clinch a high-value deal? Don’t wait till you are asked for a compliance report to start your compliance journey. Having your compliance reports ready when needed positions you as a serious enterprise-ready contender and tilts the balance in your favor. Use it to wedge the competition and stand tall alongside established players in your industry. In short, use your compliance as an attacking tactic rather than a defensive one.

Position yourself as a dependable vendor

Lead your sales pitch with compliance and proactively share your security practices and posture. Making compliance central to your story will position you as a formidable and dependable vendor. It shows that protecting your customers’ data isn’t just an afterthought for you; it is a deliberate offering. 

Reduce growth pains

The earlier you kickstart your compliance journey, the more confidently you can grow. Adding security checks at the earlier stages of your Software Development Life Cycle (SDLC), such as during the architectural design, will reduce the pain and the cost of doing it later. Besides, it’s always harder to introduce security best practices and break old processes once you have grown to a specific size. It’s no wonder younger companies with fewer headcounts yet to win their first customer are increasingly embracing compliance. Start early, and grow safely. That just about sums up the why of it.

Integrate more frameworks easily

As you grow into more geographies, you will need to adhere to the laws of the land and add more compliance frameworks to your kitty. Every region has its privacy laws – GDPR in Europe, CCPA in California, PIPEDA in Canada, and UK GDPR in the UK, to name a few. There is a plethora of laws and regulations to be abided by. Integrating and building on more compliances is easier if you have already established appropriate measures to maintain information security risk at an acceptable level. 

Build a sustainable security culture 

Compliance isn’t just about certifications and reports. You could spend thousands of dollars to have the best-in-class security program, but if your employees aren’t aware and educated about it, your efforts come to nought. Compliance works only if it works for everyone in your organization. And when the company leadership mainstreams compliance organization-wide, it can transform compliance from a one-time event into an investment that generates returns many times over. Remember, certifications are a start. Security, however, is a continuous process.

The Smart Way to add some Compliance Muscle

As fast-growing SaaS start-ups, you need smart ways to manage the tedious compliance process. Adopting a forward-thinking compliance strategy by using compliance automation tools such as Sprinto makes for a smart strategy. Here’s why: 

Automate tedious bits: Take the dread away from paperwork for compliance. Automate collecting documentation and evidence around compliance as much as possible.

Focus on security instead of paper compliance: Don’t get buried in paperwork and lose sight of why you need compliance. Use the business-critical time of your engineering heads for more strategic and productive work. 

Scalable compliance program:  A good compliance program grows with you and is flexible. Compliance automation makes it easier to add more frameworks as you expand into newer geographies.

Sprinto makes for a swift, error-free and tech-enabled experience of obtaining major compliances such as SOC 2, ISO 27001, HIPAA, GDPR and PCI DSS, among others. Book a demo with us to know how Sprinto can help you kickstart your compliance journey.