Managed File Transfer Levels the Playing Field for Small and Medium-Sized Businesses
Low-cost and free file transfer tools allow mid-market businesses to make simple data exchanges both internally and externally. As your company grows, however, trading partners start to expect – and demand--enterprise-level systems that improve reliability and data security.
Managed File Transfer (MFT) software emerged to reduce the cost and programming skills required for you to meet customer requirements and stay competitive in the marketplace. According to the annual 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.
Related Reading: What is Enterprise SFTP Software?
1. You need transparency and traceability in your file exchange activities
MFT solutions provide 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.
Auditing and reporting tools also help you gain visibility into user access, which can limit eyes on sensitive data and keep your organization in line with compliance and privacy requirements.
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.
Related Reading: Meeting Compliance Regulations and Privacy Laws for Sensitive Data Transfers
3. You need the ability 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.
Managed file transfer software can help meet security standards mandated by these reporting requirements by providing file transfer encryption technologies, file transfer monitoring, audit logs, and flexible options for sending files securely.
4. Traditional methods of sending data, such as FTP, aren't secure enough for your sensitive information
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.
Related Reading: See how organizations improve processes with MFT
Discover How MFT Can Help Your Organization
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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