Checklist
Scrut Automation’s SOC 2 Checklist
Getting SOC 2 accreditation is an essential milestone for revenue growth. It is proof of credibility to work with larger organizations, raise capital, and ensure competitiveness, but the many steps involved can make it daunting. Our comprehensive checklist is suitable for both beginners and experts to streamline their SOC 2 compliance journey. Its simple style and clear and systematic approach make it the ideal prep material to get SOC 2 compliant.
What’s included:
- A step-by-step guide to achieving SOC 2 compliance
- A handy checklist to track your progress toward audit readiness
Related
Frequently asked questions
What is TCO?
Total Cost of Ownership (TCO) is a comprehensive assessment of all costs associated with purchasing, implementing, and maintaining a GRC platform over its entire lifecycle.
Why is TCO important for GRC platforms?
Understanding TCO helps organizations identify hidden costs, optimize investments, and ensure they choose the most cost-effective GRC platform for their needs.
What are the main components of TCO?
TCO includes direct costs (software, hardware, maintenance) and indirect costs (training, downtime, inefficiencies) associated with a GRC platform.
How can I calculate the TCO of my current GRC platform?
Evaluate all expenses, including initial purchase, implementation, training, support, and ongoing operational costs over a specified period.
What are the signs it's time to switch GRC platforms?
Signs include escalating costs, outdated technology, inefficiencies, poor user adoption, and inability to meet regulatory requirements.
How do I compare TCO between different GRC platforms?
Use a structured approach to compare all relevant costs of each platform, considering both immediate and long-term expenses.
What are hidden costs in GRC platforms?
Hidden costs can include unplanned maintenance, customizations, integrations, user training, and productivity losses due to system inefficiencies.
Can switching GRC platforms save money?
Yes, switching to a more efficient GRC platform can reduce operational costs, improve compliance, and enhance overall productivity.
How do I ensure a smooth transition to a new GRC platform?
Plan thoroughly, involve stakeholders, provide adequate training, and choose a vendor with a strong support system to minimize disruptions.
What are the benefits of a modern GRC platform?
Modern GRC platforms offer enhanced features, better user experience, improved compliance capabilities, scalability, and reduced total cost of ownership.