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Is your financial software GDPR-compliant?

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Kenneth Vanwezemael
Consultant

From 25 May 2018, businesses have been deemed to comply with the GDPR legislation. However, the first fine relating to GDPR legislation was imposed earlier this year. This is why we are going to tell you in this blog post how Adfinity can help you ensure compliance with the GDPR.

What is the GDPR?

The GDPR (General Data Protection Regulation) is a European regulation concerning the management of personal data by private companies and public authorities. This privacy legislation applies to all organizations that process confidential data, both customer data and employee data. The GDPR legislation supplements the privacy laws that are already in force. Because of the increasing digitization, it took effect in May 2016. Businesses were granted a deadline of 25 May 2018 to bring their data management in order for this legislation.

Will the GDPR still be a hot topic in 2020?

For many businesses, the guidelines provided by the GDPR are not always clear, and they are not always handled with due care. Now that the first sanctions have been imposed, it becomes ever more important to handle confidential data correctly.  More, but also more rigorous, checks are anticipated in 2020. Do you want to find out whether your business is GDPR-compliant? You can do so through the links below.

How can Adfinity help you in this matter?

Because of the growing interests of customers and employees with regard to the management of personal data, an additional module for the GDPR legislation has been developed in Adfinity. Nowadays, customers have the right ‘to be forgotten’. In Adfinity, this right can be implemented as follows:

RGPD 1

If you want to view the relevant customer after completing this step, you will see the following:

RGPD 2

In Adfinity, you can choose what data has to be encrypted or set a list of users who are allowed access to the actual data.

Would you like to use an accounting package that has data protection as one of its advantages? Then don't hesitate to ask for a free demo. 

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