"The best is yet to come."
New regulations and compliance requirements are upcoming in 2023. However, is your company prepared for it? TCFS & Associates have been working closely with finance companies to ensure sustainable compliance with these standards.
In this blog post, let us read through compliance strategies which can prepare and leverage your company for next year. It is duly noted that the information is credited to Beth Billingsley, Vice President of Merkle who penned her article at The Drum.
Compliance strategies help in shaping companies' future as it mitigates risk, proper and effective management, and adherence to guidelines. An important component that marketers must have is "a full view of their data, where it's stored, and what it's used for." An incomplete processing in this component such as organizing customer profiles may lead to downfalls.
It is expected as well that these regulations are the beginning of a more privacy-focused era since consumers become more protective of their data. The role of compliance is to be dedicated to the company's data policies and regulations in order to avoid charges.
TCFS & Associates can help your company with upcoming regulations and compliance requirements. Read the full article by The Drum and follow us in Blogger, LinkedIn, and Twitter as we update frequently. Visit our website as well if you or your company is interested in our compliance consulting services to secure your data and in preparation for 2023.
Link to The Drum's article:
https://www.thedrum.com/opinion/2022/11/18/how-set-up-privacy-compliance-strategy-2023-and-beyond