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5 Signs Your Organization is Ready for MFT

Managed File Transfer Levels the Playing Field for SMB

Low-cost file transfer tools allow mid-market businesses to make simple data exchanges both internally and externally. As your company grows, however, trading partners demand enterprise-level systems to improve reliability and data security.

cityscape mft readyManaged File Transfer (MFT) emerged to reduce the cost and programming skills required for you to meet customer requirements and stay competitive in the marketplace. According to an Info-Tech MFT Category report on selecting and implementing an MFT solution, there are five signs that indicate your organization could benefit from this technology.

1. A need for transparency and traceability in file exchange activities

MFT provides comprehensive audit trails and monitoring to document all file transfer activity. Reports generated from this data show every interaction with the files on your server in great detail and allow you to better serve customers by responding quickly when problems do arise.

2. New business relationships mandate adherence to compliance laws and privacy regulations

Certain trading partners require organizations worldwide to comply with their data security laws, standards, and regulations. A managed file transfer solution can help centralize these requirements for file transfers and server connectivity through a variety of features that provide robust security and compliance controls.

3. The inability to comply with government reporting requirements

When security and reporting tools are needed to meet strict regulatory compliance standards of even highly regulated industries, MFT delivers. These include the data protection and integrity requirements found in PCI DSS, GLBA, SOX, HIPAA, HITECH, Dodd-Frank, and state privacy laws.

4. Traditional methods of sending data, such as FTP, aren't secure

In light of recent high-profile data breaches, many organizations have chosen to reduce their risk by seeking alternatives to unsecure FTP. MFT gives you the flexibility to connect with trading partners using secure file transfer protocols and popular encryption methods like SFTP, FTPS, HTTPS, AS2, Open PGP and ZIP with AES.

5. Processes need to be more agile and adapt to changing network conditions

In addition, automation and simplified workflows offered in many MFT solutions streamline the process of adding and onboarding trading partners. Companies can reduce or eliminate time spent on manual file exchanges and interrupted file transfers, thus reducing administrative costs and assuring the timely delivery of mission-critical data.

To explore MFT further, download our buyer’s guide for help on evaluating vendors and choosing the best MFT solution for your organization’s needs.

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