MONTREAL, Canada – May 25, 2018 Nakisa today announced that it has assessed GDPR requirements and committed to helping customers comply with the new European Union (EU)-wide General Data Protection Regulation (GDPR), a new data privacy and protection law set to come into full effect on May 25, 2018.
Organizations worldwide are impacted by the added controls that GDPR gives to individuals over how their personal data is used. The regulation imposes new obligations on companies and government agencies that market, track, or handle the personal data of EU residents. Organizations must have the right technology and processes in place to ensure that data is secure and easily managed. Organizations can face hefty penalties if they do not comply.
The GDPR outlines strict requirements around the retention of personal data. The emphasis under the GDPR is data minimization, both in terms of the volume of data stored on individuals and how long it is retained. Data privacy-related functionality is now available out-of-the-box as part of Nakisa’s software solutions.
- Data Retention Period: Users have the ability to manage the retention period for different data objects within the Nakisa solutions.
- Object Deactivation: Allows users to deactivate data objects on a certain date so that data remains in the systems but can not be seen or accessed in the front-end.
- Retention Exception: Users have the ability to extend the retention period for individual data objects.
- Run Program: List of expired data objects that are ready for deletion.
“We take personal data privacy very seriously at Nakisa. Although technology creates incredible value for our customers, that shouldn’t come at the cost of privacy,” said Faraz Ahmed, VP of R&D, Nakisa. “The latest release of our solutions will help Nakisa customers meet compliance requirements and build trust with their customer base. As a company, we have always taken great care to ensure that data is being handled responsibly and in accordance with data laws and regulations. Working with the world’s largest organizations, it is imperative that we provide the highest level of trust, security, and data privacy.”
The latest versions of Nakisa Lease Administration and Hanelly are available for customers today. For more information or to see a solution demonstration, please visit www.nakisa.com.
About Nakisa
A global leader in enterprise business solutions for Organization Transformation and Accounting and Compliance, Nakisa delivers innovative, forward-thinking and robust human resource and financial management solutions that advance your business strategies.
Working with a global network of partners and as one of the few Solution Extension (SolEx) partners of SAP® since 2007, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries. Nakisa is proud to work with some of the world’s most renowned brands.
