Even after achieving compliance (SOC 2, ISO 27001, NIST 800, HIPAA and CMMC), many startups and small businesses encounter challenges in maintaining or renewing their compliance framework.
You need to consider the ever-evolving threat landscape, working with limited and/or inexperienced staff, undergoing resource-intensive manual processes, and dealing with inefficient reporting processes.
Partnering with a managed compliance provider, like BEMO, addresses these challenges, making your business better equipped to face what would otherwise be a massive headache.
Hiring a managed compliance provider offers startups expert guidance, cost savings, and valuable savings in time. These providers handle all compliance details, using their knowledge to manage projects, test security controls, and fix gaps, ensuring everything is done correctly and giving you peace of mind. Additionally, outsourcing compliance can save significant costs compared to building an in-house team, which we will show you later on this article.
What Does a Managed Compliance Provider Do?
Achieving and maintaining a compliance framework involves numerous tasks both during the initial setup and as ongoing requirements. A managed compliance provider steps in to handle these tasks, but it’s essential to request a clear breakdown of the services they offer to ensure they will support you from start to finish—and beyond. With the right provider, you’ll have peace of mind that all aspects of compliance are covered.
BEMO handles all the ongoing maintenance that goes into keeping you compliant to ensure that every aspect is seamlessly handled:
- Quarterly Compliance Review
- Annual Audits & Penetration Testing
- Annual IT Compliance Policies Handbook updates
- Continuous Compliance Monitoring Software
- Dedicated BEMO Compliance Team to maintain your 72 -hours compliance SLA
How Much Does Managed Compliance Cost for Small Business?
When small businesses are evaluating managed compliance providers, it’s crucial to research costs based on several factors, including the specific framework(s) you need, how quickly you want to achieve compliance, the number of controls involved, the size of your business, and the tools the provider uses. These elements can significantly affect pricing, which is why there isn’t a one-size-fits-all market price for managed compliance. Instead, we provide a comparative range and a detailed breakdown of our services to give you clarity on what you're investing in .
Small business often ask “Is it cheaper to build an in-house compliance team, or to hire a managed compliance provider”?
The average expense of constructing an in-house compliance team ranges from $492k to $820k.
In comparison, BEMO's solutions can significantly reduce expenses because these services are designed to reduce costs as compared to building an in-house team. BEMO’s Managed Compliance services can result in a noteworthy saving of up to 57%. Skeptical? Let the numbers speak for themselves (updated December 2024): 
Finally, BEMO's proven processes and expertise streamline the compliance journey, saving valuable time that can be redirected towards core business activities. By relieving you of compliance management responsibilities, we free you to focus on your core objectives.
No more navigating complex regulations or risking compliance attestation due to avoidable errors
Frequently Asked Questions (FAQs) about Managed Compliance Solutions
Q: How Can I verify BEMO is a legit Microsoft Partner?
A: Visit the Microsoft "Browse partner" page to find our credentials and read a summary of our work.
Q: I already have my team, why do I need a managed compliance provider?
A: Our team comprises industry experts with specialized skill sets and years of experience that your team may not possess. Additionally, BEMO is a verified SOC 2 compliant company, actively working towards NIST 800-171 and CMMC attestations.
We understand how to properly prepare you and what to expect along the compliance journey.
Q: What areas do you cover under Managed Compliance Services?
A: BEMO oversees the entire compliance process, starting with the achievement of Framework Assessment and Certification with a BEMO Compliance Engineer (which also includes free Migrations to M365), a comprehensive audit process, 3rd Party Penetration Testing and the development of IT Compliance Policies Handbook.
Post-achievement, we continue to keep you compliant with quarterly compliance reviews, annual audits and penetration testing, updates to the annual IT compliance policies handbook, continuous compliance monitoring software, and a dedicated BEMO Compliance Team to maintain your 72-hour compliance SLA.
Q: What would be the process to achieve compliance if I partner up with BEMO?
A: Throughout your compliance journey, you'll have a dedicated BEMO team overseeing the process. The duration of the process depends on your organization's size, the framework to attain, and your overall goals for example SOC 2 may take from 3 to 6 months, ISO-27001 another 6 months.
We cover the following milestones for all our Managed Compliance customers:
Ready to secure your business with expert guidance, cost savings and valuable time back in your hands? Book a meeting with a BEMO expert now to explore how we can add value to your company as your managed compliance provider!
If you want to explore more options in the meantime, we recommend you start by reading our post, Top 8 Questions to Ask a Compliance Provider, so that you’re well-informed and make the best choice for your business.
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