Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Regulation redundancy: Money down the drain

Regulation redundancy: Money down the drain

by Rick Turoczy on September 5, 2006

Khalid Kark, an analyst at Cambridge, Mass.-based Forrester Research Inc., said compliance software vendors are partly to blame for compliance redundancy. He said many vendors have developed products that focus on one set of regulations.

“Vendors came out and said, ‘This is a one-off thing,’” Kark said. “‘Our product is going to help you do HIPAA [the Health Insurance Portability and Accountability Act].’”

When Sarbanes-Oxley or another regulation came along, vendors would offer a separate module, Kark said. “It made more revenue for vendors, but there has been a lot of mistrust because of that. Some people have been put off and they are saying, ‘Let me do this myself until someone offers a holistic solution.’”

Hagerty, of AMR Research, said customers can’t wait for vendors to offer a unified approach to compliance.

Regulation redundancy: Money down the drain

Leave a Comment

Previous post:

Next post: