News & Views from MyExpensesOnline

GDPR – What happens after 25th May 2018?

The GDPR compliance deadline is fast approaching.


In a few short months all companies who deal with any form of personal data will need to ensure that they have the policies and processes in place to handle this data, in line with the GDPR regulations.


If you’ve sat down and thought this through, it isn’t really the policy writing which is the complicated part, it is the implementation and records of accountability.


As an example, take data retention; your company processes a piece of personal data. You need to have a retention period defined in your policy, and after this time has passed, this specific piece of data will need to be deleted, including all electronic and hard copies. Simple enough?


That is just one piece of data…


Most SME’s will process thousands of individual pieces of personal data in 1 year alone, and keeping track of the retention periods for this will very quickly turn into an administrative nightmare!


And that is just data retention – what about your data subject requests? Updating policies to reflect business changes? Staff changes – meaning designating new responsibilities?


GDPR Compliance can very easily become a full-time job.


It doesn’t have to be this hard…


The ideal solution would be a data management system:


-          something with inbuilt policies

-          which sets reminders to individuals for data retention

-          tracks data locations

-          delegates data subject requests and data management responsibilities to the correct individuals

-          and should there be a change of staffing – no problem. Simply reassign the responsibility within the system


GDPR could be a walk in the park with a solution like this, and this where MEO can help….

All companies need to be compliant, and if this sounds like the ideal solution for you, to manage data effortlessly, keep watching for the new release!