Metadata.io, a prominent B2B marketing automation company, has been steadily expanding its core assets and services over the years. However, like many growing tech companies, they faced challenges in maintaining compliance with critical attestation and standards such as SOC 2 Type II and ISO 27001. The focus was primarily on enhancing their business offerings rather than streamlining and automating the compliance process.
The complexities of adhering to these frameworks became apparent as Metadata.io struggled with manual compliance processes. Controls were managed through spreadsheets without clear ownership or version control, leading to a disorganized and time-consuming approach. The lack of automated monitoring and tracking made it difficult to ensure continuous compliance, especially as the company aimed to scale its operations.
Realizing the inefficiencies in their compliance practices, Metadata.io made a strategic decision to bring in experienced CISO Raymond Taft to address these issues. Taft recognized the need for a more structured and automated approach to compliance to support their growth trajectory and enhance security measures within the organization.
Under Taft’s guidance, Metadata.io embarked on a journey to automate their compliance functions through outsourcing. Recognizing the benefits of compliance automation in optimizing resources and ensuring ongoing adherence to multiple regulations, the company sought a comprehensive tool to streamline their processes. The integration of an automated compliance monitoring tool, Drata, revolutionized their approach by automating evidence collection, reporting, and communication with auditors.
The implementation of automated compliance monitoring not only enhanced control and efficiency but also yielded significant cost savings for Metadata.io. With reduced manual efforts and improved workflows, the company experienced a 6x reduction in compliance costs and substantial time savings during audits. The streamlined processes enabled Metadata.io to reallocate resources effectively and scale their compliance initiatives across various frameworks, including ISO 27701 for data privacy.
By leveraging Drata’s control mapping capabilities, Metadata.io was able to seamlessly navigate the complexities of different compliance frameworks and efficiently align their control requirements. The tool provided valuable insights into cross-mapping controls, simplifying the adoption of new frameworks and aiding in strategic decision-making regarding compliance initiatives.
As Metadata.io continues to build on its success in automating compliance and strengthening security measures, the company is poised to explore new avenues for expansion. With a streamlined and efficient compliance framework in place, they are well-equipped to navigate the evolving regulatory landscape and maintain a robust security posture to safeguard their operations and customer trust.