The privacy compliance industry shows a significant level of disparity concerning multiple jurisdictions. For example, different regions, say, Virginia, Colorado, California, Utah, Connecticut, New York, and others have rules and regulations that vary slightly in terms of privacy compliance. The industry needs a uniform privacy compliance platform to accommodate the disparity. Essert, a Silicon Valley startup, has successfully managed over a thousand businesses worldwide with respect to compliance operations. Moreover, Essert is the only startup extending a platform-based approach toward privacy compliance, where multiple jurisdictions are managed accurately. The data privacy space faces some urgent challenges: complexity and the need for more expertise. It is now mandatory to go beyond the standard practice of ensuring compliance, by adhering to the predominant rules and regulations, not to incur any fines or face business contractual deadlines. What the industry requires is a unique approach.
Essert understands the need for a unique approach. “We have successfully removed the complexity and added expertise to the platform. To achieve this, we created worklists and apps to accurately address different jurisdictions and regulations. Our worklists provide a step-by-step process and clear-cut instructions. And our apps provide a way to manage operations, evaluate and mitigate risk,” informs DV Dronamraju, Cofounder and CEO, Essert. Currently, the platform has over 1,100 customers. For a platform launched in April 2022, this is an outstanding achievement. Further, all the tools and software required to carry out the step-by-step process are built into the platform. The step-by-step process covers all aspects such as enterprise policy management, data security controls, auto-triggering security assessments, creating impact assessments, having detailed audit trail, third party risk assessments, privacy request management and more. Fundamentally, the customers receive a DIY (do-it-yourself) approach to ensuring privacy compliance. Essert provides videos to simplify the steps involved in reducing complexity. These videos provide a simplified approach to ensuring compliance, and customers save a lot of money avoiding hiring expensive consultants.
“The next twelve months will be crucial for us. We are confident that within a year, we will onboard more than 20,000 clients on our platform”
A large real estate group company approached Essert. The group company with focus on commercial, and residential real estate, has multiple legal entities, each focused on distinctly different customers. Essert was tasked with public disclosure of each entities’ policies. The deployment required an ability to make frequent policy changes, and an audit trail of the process. Another requirement was to collaborate on the policy document before publishing a new version. Essert software successfully addressed each of these needs. All that was required was to press the button ‘Publish’ to make a public disclosure on a website of each entity. “We removed the complexity, and the need to contact the webmaster frequently for each change. There is significant cost-saving involved. And, it was possible to collaborate on changes and maintain an audit trail,” adds DV. The efforts led to a delighted client. The work impressed the client to approach Essert for vendor risk management across multiple entities. Essert is founded by serial entrepreneurs with proven expertise in AI, machine learning, automation, privacy, and cyber-security. The company is bootstrapped, and is able to deliver a scalable AI-based no-code platform. Leveraging the no-code platform, Essert expects to address the needs of both privacy and security compliance across jurisdictions in a short period.
Essert has set their goals for the immediate future. First, the firm intends to address some of the industry’s primary concerns. One among them is the extensive focus on addressing security breach reporting. The aim is to make the process faster and more evolved. “The next twelve months will be crucial for us. We are confident that within a year, we will onboard more than 20,000 clients on our platform,” says DV