New General Data Protection Regulation (GDPR) legislation requires companies to make profound changes to the way data is stored, managed, shared and transferred. The consequences of being out of compliance can be severe. Yet, despite the staggering penalties for non-compliance, many organizations are not prepared.
The ICM GDPR Compliance app accelerates the identification of non-compliant contracts, enables the creation and routing of Data Protection Addendums (DPA), and helps to manage processor obligations for GDPR across the entire contract lifecycle.
Establish and maintain an internal framework for accountability, taking into account mitigation of risk resulting from the data processing activity. – Gartner Research*
*Gartner, Focus on Five High-Priority Changes to Tackle the EU GDPR, Bart Willemsen, 30 September 2016. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.
Accelerate Your GDPR Readiness
With the GDPR deadline of May 2018 approaching, organizations need to move quickly to determine contract risk exposure, protect data within contracts, and provide a view into obligations for new Data Protection Officers (DPOs). Icertis helps you accelerate identification of non-compliant contracts with AI-enabled smart search to automatically surface contracts that are not GDPR-compliant and then create Data Protection Addendums (DPAs) and route them for swift compliance.
With the easiest to deploy and use Contract Management platform, Icertis helps you get compliant quickly ahead of the looming deadline.
Protect Against GDPR Penalties
For global companies with suppliers and partners around the world, time is short and consequences of non-compliance are severe. Under circumstances where authorities determine data controllers have not taken necessary steps to protect data (including data within and managed by contracts), fines can be levied up to 4% of annual turnover.
Icertis helps identify GDPR risk in executed contracts, manage and process addenda to help become compliant quickly, and monitor contractual commitments along with data processor obligations to ensure the highest level of compliance.
Optimize for Business Under GDPR
Beyond May 2018, companies require a long-term strategy to remain GDPR-compliant and enable Data Protection Officers (DPOs) to oversee new contract authoring and management. Utilizing the Icertis DPO Dashboard, officers can monitor for the creation of non-compliant contracts and processors with intuitive global charts and details related to clauses, data processor obligations, and contract status across geographies and contract types.
The Icertis GDPR Compliance app provides a single, centralized solution to help keep organizations compliant today and tomorrow.
ICM GDPR Compliance App Features Include
- GDPR Privacy Terms & Clause Library
- Rule-based Data Protection Addendum (DPA) creation and dynamic clause inclusion
- Full tracking of processor obligations and fulfillment
- Date Protection Officer (DPO) Dashboard provides 360-degree view of non-compliant agreements and processors geographically
- AI-enabled smart search across existing contracts
- Dedicated Portal for processors to sign/update their GDPR compliance
- Highly secured, permission based infrastructure to keep data encrypted at rest and in transit
Icertis GDPR White Paper featuring Gartner research
Based on this experience gained working with global customers managing a combined contract value of more than $1 billion (US), learn more about the contract management capabilities necessary to improve governance and mitigate risk associated with GDPR.
Webinar: Contract Compliance
Join us for an exclusive webinar with special guests from Forrester Research and Microsoft where we will discuss how you can prepare for your GDPR compliance journey including proper management and compliance in your contracts.
ICM GDPR App Datasheet
Get more details about how Icertis helps companies identify GDPR risks in existing contracts, increase control over contract authoring, improve obligation tracking, and create a framework for managing contracts in a GDPR world.
Customer Story: Airtel
See how a $14B global telecommunications company quickly implemented the Icertis CLM platform to accelerate contract lifecycles, improve contract compliance, and gain instant transactional visibility on contract status.
The Icertis platform automatically generates complex, multi-page, multi-clause licensing agreements in multiple languages and geographies with unprecedented speed and precision. –Microsoft