Recently, credit bureaus have made significant changes in their offerings by removing the functionality of OFAC (Office of Foreign Assets Control) data from credit reports. This move has left businesses concerned about how they can continue to access crucial information on individuals and organizations related to national security. Fortunately, Cloud Maven, Inc.’s “OFAC Checker” provides a robust solution that allows businesses to conduct OFAC searches independently and seamlessly. This blog will explore how OFAC Checker can fill the void left by credit bureaus, ensuring you maintain compliance and mitigate risks effectively.
In the dynamic healthcare industry, efficient communication and streamlined processes play a vital role in delivering quality patient care. Azurity Pharma, a leading pharmaceutical company, recognized the need for a revolutionary solution to modernize their communication practices. This case study explores how the implementation of eFax, a digital faxing solution, transformed Azurity Pharma’s operations, enhancing efficiency, security, and compliance.
The need for a Secure File Transport solution in the Healthcare industry — Traditional communication methods, such as scanning and faxing, can be time-consuming and burdensome — and ultimately, a security risk for patient information. For healthcare organizations, it’s critical to comply with national security standards for health information, including HIPAA. With ever-evolving clinical applications, electronic health records, and diverse IT systems, that becomes even more complex. Much of a healthcare organization’s sensitive data is held in files. Indeed, the vast bulk of confidential information moved around are in files and documents, too often travelling across an email or sent through low-end file-sharing tools. Neither approach will protect these files and the volume of sensitive data passed around.
SMS is a widely recognized way of communication in the healthcare sector. Senders can use SMS to send patients their appointment dates, test reports, prescriptions, appointment reminders, invoices etc. Time is precious in almost every industry, no more so than in the healthcare field. It’s estimated that missed appointments cost $170 billion every year in the United States, with up to 40% of appointments missed. That is why SMS Healthcare Solutions are a modern essential for hospitals, aged care facilities, area health services, outpatient facilities, medical and dental clinics, private practices, etc.
With the pandemic causing unprecedented economic disruption, lenders are concerned about the future economic prospects of businesses and individuals. This makes it difficult for them to accurately assess the risk of default and set appropriate lending terms. Many businesses and individuals have been negatively impacted by the pandemic, with many experiencing declining income and asset value. This can make it difficult for lenders to accurately assess borrowers’ creditworthiness and determine whether they are able to repay loans. Aside from that, governments worldwide have implemented various measures to assist businesses and individuals affected by the pandemic, including changes to lending regulations. Lenders must navigate these changes and ensure compliance with new rules and guidelines.
The need for Secure Email in the Healthcare industry — With sensitive information transmitting between hospital staff, doctors and patients daily, it is of critical importance to ensure that the patient’s data is not accidentally exposed to outsiders. Secondly, it was imperative to safeguard patients and hospital staff from an increasing number of malicious emails.
Even though COVID-19 is still a threat, almost 40% of Americans avoid going to the doctor for a checkup. 30% of patients have not seen their doctors due to the outbreak. To bridge that gap, text messaging in healthcare is necessary. Patients demand convenient access to healthcare providers, updated health information, and a positive patient experience.
Securing sensitive data is always an important consideration for organizations of all sizes. Data encryption has become a must, given the high level of security needed to protect intellectual property and sensitive information within the sales, marketing, and customer service teams. Protecting your company’s data becomes even more critical when considering the potential ransomware attacks dealing with sensitive information, such as in the banking, healthcare, and IT sectors. If a customer’s records or other contents are exposed in a data breach, your reputation as a business could suffer irreparable damage.
During the past two to three years, COVID-19 has impacted many organizations, creating a void in their business activities and affecting the hiring process. Before employment, many companies check employees’ history against numerous global watch lists. For undergoing an applicant’s profile check, let us first understand what Criminal Background check is and how important it is!
Email communication is one of the essential business tools for healthcare organizations. However, it is one of the most vulnerable areas in data security. Email encryption is a powerful method for protecting your organization from unauthorized access and hacking. The right Email encryption solution ensures HIPAA compliance while providing a high level of security to keep sensitive patient information private and secure.
The Medical Insurance Verification process comprises multiple tasks for medical institutions that offer insurance to eligible patients. To check any patient's eligibility and benefits, healthcare facilities like hospitals and clinics have to undergo tedious tasks like making phone calls to gather their information and creating a database. Before simplifying the process, let us understand what Medical Insurance Verification is!
A CV cannot tell a prospective employer whether an applicant has a clean background. The common practice of doing a background check might extend the recruiting process overall. Today we will explain what a background check is, why employers conduct them, what information businesses may look for, and the best way to conduct one.
Business credit score can be considered as one element by a lender if any SME wants to apply for a loan in order to carry out business. It would also consider the company's revenue, profits, assets, and obligations, and the collateral value of the business to deal with the loan funds. Before knowing what a Business Credit Report is, we need to first understand the Business Credit Score and its importance!
Car dealership organizations are constantly looking for innovative ways to market their inventory. They put a high budget on marketing, but it requires a significant budget and proper planning execution. Text-based communication is rapidly gaining popularity among customers. Text messaging has the highest rate of engagement of any marketing medium, more than 80% of the population in the United States owns a cellphone, and 79 percent of individuals carry their smartphone with them 22 hours a day, engaging with it an average of 63 times.
Maintaining the security of your personal information within emails is vital in today's digital world. Cyber attackers have a plethora of ways to gain access to and misuse your data, so businesses must ensure that they are doing everything they can to prevent a breach. Before that, let's start with the definition of email security!
Cybersecurity is not confined to the IT industry; it is critical for all businesses, both for profit and non-profit. Financial institutions comprise of important banking details of their customers, which are prone to unauthorized data breaches. Cyberattacks are rising, and with cybercriminals becoming more sophisticated, banks and financial institutions need to be equipped in the fight against bank threats. But first, let us understand the need for cybersecurity in banking!
Credit reports on individuals filing for bankruptcy are critical for attorneys to acquire, especially if the client has problems recalling his debts. If an accurate list of debts is to be created, obtaining your credit reports from each of the three credit bureaus may be the only option. But first, let us understand what a credit report is!
Negligent hiring entails more than just making a terrible hire. If a business owner in the United States "knew or should have known" that an applicant was a risk but hired them, they could be held liable for any harm caused by that employee. Although state laws vary, most require businesses to hire with "reasonable care" implying that they could be held liable if they hire someone who has displayed red flags that they would harm someone.
In today's digital age, the importance of SMS is growing, as they have become a vital element of every company's operation. SMS assists small and medium-sized enterprises in maintaining a balance in business activities between existing customers and business owners. First, let's look at how this strategy benefits enterprises!
Keeping up with sanction lists and Office of Foreign Assets Control (OFAC) regulations is more challenging than ever in a global business environment. On the surface, these regulations appear straightforward. They instruct us not to violate the United States government's foreign economic and trade sanctions. However, what you don’t know can harm you. Failing to comply with OFAC sanctions laws can open up your business to significant legal, financial, and reputational ramifications.
In the age of globalization, international trade, investment, and national security are all interlinked. A country carries out international trade with other countries to expand its market and grow its GDP. However, it may pose a potential threat to national security. Hence many major countries resort to trade sanctions to alleviate threats to national security.
Lending has been one of the classical factors when any business has to manage their finances. Somewhere or the other, it is certainly responsible for connecting lenders and borrowers for financial purposes. Let us begin by learning the fundamentals of lending!
In business, consumer convenience and satisfaction are critical to your company’s success. So, for businesses, communication is necessary to appease current and prospective customers. Among all communication options, text messaging is the most preferred one. It is because text messaging is secure and reliable. It is evident that text messages have an open rate of 98% and are responded to in an average of 90 seconds of being received. Moreover, it keeps privacy unabashed for both sender and recipient. The risk of data theft is negligible in text messaging and it helps business owners to communicate critical and time-sensitive information.
Are you planning to extend loans to customers or partners? While this can be a great way to build a relationship, it can be risky. The business is based on “trust and terms”. It can be dangerous to accept credit requests without a proper credit check. Monitoring your customer’s credit reports can help you stay away from potential risks.
It was estimated in 2020 that the world captured well over 1.4 trillion digital images per year; we can only assume that figure has grown significantly since then. Throughout the COVID-19 pandemic, the world has increased its reliance on digital communication and information. In short, digital imagery is becoming increasingly entwined with our work, lives, and decision-making processes. Businesses and their customers benefit from digital transactions in terms of speed, ease, and convenience. However, one significant concern is trust — how can businesses and their customers be confident that financial decisions are being made based on high integrity and trustworthy imagery?
Keeping in step with the credit status of any business is a crucial and challenging task for many lenders and businesses that extend credit to companies. In that case, a commercial credit report can be beneficial. Find out why a business credit report is essential and what’s inside a business credit report.
The unprecedented Covid 19 times have made healthcare the focus of everyone’s attention around the globe. The ever-so-mutating Corona Virus has brought the entire globe to a standstill. It paved the way for a digital world with almost every activity done online with no hardships and more user-friendly. In such a scenario, the healthcare industry also needed a platform for safeguarding the hospital records by undertaking appropriate measures and implementing them as per the need. So, let's plunge into the healthcare world and see how it can be managed!
Data protection plays a key role when transferring any document from one location to another. In such rapidly modernized times, technology has diversified itself through digital means by providing appropriate measures to tackle data breach situations. For this, let’s understand how vital data protection in business is!
Does sending and receiving files without appropriate security bother you a lot? Look no further than SECURE FILE TRANSPORT, powered by Botdoc, for solving all your cyber security issues!
With so many digital financial tools swamping the market nowadays, is it difficult to decide which one to lay hands on? Then look no further, Salesforce has a unique and reliable solution to all your questions: Cloud Maven,Inc.’s Bank Connect, which is powered by Plaid.
Understanding the credit report is not a Promethean task. Ain’t it? But understanding the core essence of it is important.
Are you facing any difficulty in managing financial accounts by any chance? Well then, BANK CONNECT, powered by Plaid, is the best solution to solve all your problems!
Most of the growing companies see themselves end up in a position where upgrading to another technology becomes quite imperative. There’s no doubt, with expansion comes responsibility. When a company has more sales in a year, and the inflow-outflow of money is substantial than ever, perhaps the company has a strong salesforce. However, responsibilities never end. It only grows! That being said, it’s crucial to ensure that the information or documents transferred with the team are well encrypted, unopen to scams or loss. So how do you go about it?
For healthcare providers using Salesforce for managing patient information, streamlining patient workflow is a vital cog in their medical practice wheel.
SMS works as an effective way for small and large organizations for customer and employee engagement. Many organizations use SMS for hunting prospects or communicating, or getting feedback. However, a couple of organizations manage to make the best use of SMS communications.