654 PAX 8 Beyond: Tim Golden Highlights Compliance Scorecard Version 5.0

Uncle Marv's IT Business Podcast

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12d ago 8:18

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Tim Golden, co-founder of Compliance Scorecard, joins Uncle Marv to discuss the latest version 5.0 release of their governance-as-a-service platform. The new release introduces several compliance-focused features to help MSPs better manage risks and compliance requirements for their clients.

One of the key new features is the risk register, which allows MSPs to identify and track areas of risk for their clients. MSPs can essentially build an "Amazon shopping cart" of risks, quote them, and work with clients to either mitigate or accept those risks. This provides a structured way to have risk conversations and maintain defensibility over time.

Another notable feature is the POAM (plan of actions and milestones), which provides a framework for planning actions, assigning responsibilities, setting timelines, and tracking costs associated with addressing identified risks. This helps MSPs streamline the risk mitigation process and project management.

Compliance Scorecard is designed to help MSPs navigate the complexities of compliance, cybersecurity readiness assessments, and risk management conversations with their customers. Tim highlights their peer group and educational resources as key differentiators, enabling MSPs to learn best practices and processes for compliance and risk management.

Key Takeaways:

Compliance Scorecard version 5.0 introduces risk register and POAM features
Risk register allows tracking and quoting risks for clients
POAM provides structured planning for risk mitigation actions
Platform helps MSPs have risk conversations and manage compliance
Peer group and educational resources differentiate the offering

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License Code: 7X9F52DNML - Date: January 1st, 2024

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