Sage Intacct, the innovation and customer satisfaction leader in cloud financial management software, today announced the general availability of new product updates, certification, and agreements that focus on privacy compliance for the Health Insurance Portability Accountability Act (HIPAA) and the EU General Data Protection Regulation (GDPR). These updates are now generally available as part of Sage Intacct 2018 Release 2.
“Sage Intacct’s customers must act as stewards of data that is increasingly subject to privacy regulation. Our latest quarterly product update provides tools to support our customers in complying with HIPAA and the new GDPR regulations,” said Dan Miller, VP of Product for Sage Intacct. “Beyond new product functionality, we’re also demonstrating our commitment to our customers HIPAA compliance by signing a Business Associate Agreement with them and certifying our solution with Sword and Shield.”
New privacy compliance highlights include:
New HIPAA Support
Organizations subject to the Health Insurance Portability and Accountability Act (HIPAA) can use Sage Intacct’s financial solutions, knowing that the proper tools, security, and agreements are in place to support compliance. The new Sage Intacct 2018 Release 2 offers:
- A new advanced audit trail, allowing companies to monitor and audit access to protected health information (PHI) in support of HIPAA requirements.
- HIPAA and HITECH certification by Sword and Shield, so organizations can trust that PHI is protected by appropriate security.
- A full commitment to meet HIPAA compliance requirements, where Sage Intacct will now sign a Business Associate Agreement with eligible healthcare clients.
More information about our solution for Healthcare, including a HIPAA compliance video overview, can be found here.
New GDPR Support
The new EU General Data Protection Regulation (GDPR) requires companies that do business with residents of the European Economic Area to observe data privacy principles and rights of data subjects with respect to their personal data. Sage Intacct now has a data obfuscation tool to assist its customers in managing personal data in their financial records.