anecdotes | Top 20 Compliance Technology Solution Company - 2021
anecdotes: Automating Compliance
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CIOREVIEW >> Compliance >> anecdotes

anecdotes has been recognized by CIOReview Magazine as the recipient of “Top 20 Compliance Technology Solution Companies - 2021,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Yair Kusnitzov, CEO.

anecdotes
Automating Compliance

Anecdotes

Yair Kusnitzov, CEO
While compliance regulations and certifications are essential to every business operation, they are still a significant obstacle for every organization to overcome. For example, the many steps involved in pursuing compliance/certification—such as evidence collection—are based on tedious leg work. Furthermore, the certification process is time-consuming for an organization's R&D, security, and HR departments, impeding its efficiency. As a result, many SaaS companies find it challenging to complete certification processes before their audits correctly, employing vendors to automate several parts of the compliance process instead. Enter Anecdotes, a compliance automation solution provider that leverages their proprietary SaaS platform of the same name, to automate a client's compliance process with minimal time and effort to support companies’ growth and enhance trust with their clients.

With the help of Anecdotes, a company can leverage more than 50 different SaaS platforms such as Salesforce and AWS with the use of their pre-built plugins. Furthermore, the platform can outline the necessary steps required to attain their desired certifications and how the software can help them achieve it. For example, instead of manually collecting the evidence of certification step completion, Anecdote can collect all the necessary evidence at the click of a button to complete each step. The platform also offers a compliance and audit management service, which can map the evidence to every framework adopted by a company.

All kinds of SaaS companies, from early-stage startup to hyper growth, can fully utilize these Anecdote features with relative ease. For those seeking certification for their business process for the first time, their customer support can help implement the platform in their systems.

The platform informs the users about what they need to do and how the software can help them in attaining the certification they want


The software takes only a few minutes to connect to the user's system and collect data after authorization. It then forwards the organized data to the user to carry on with their compliance/certification process.

The platform's fast connection, efficient evidence collection and streamlined data processing have helped many clients complete their regulatory processes with ease. In one instance, a public company that traded on NASDAQ had an upcoming SOC 2 audit. They hired a SiCO, which in turn decided to carry out the compliance certification process using automated means. For that, the company selected Anecdotes out of four different SaaS platforms. The company efficiently leveraged the platform's evidence collection map to automate the SOC 2 compliance process and complete the certification in just a few days. As a result, the company excelled in its SOC 2 audit.

Like in the instance above, Anecdotes has provided many of their clients with highly innovative ways to manage risks, like automating evidence collection and compliance management. To further help their consumers, the organization continues to expand the number of certifications it can provide at any given time. Anecdotes therefore has a ‘cross-framework’ approach, which enables companies to leverage their existing milestones (e.g. requirements for SOC 2) to adopt new frameworks (e.g. ISO 12007), without the need to integrate a new product or pay more.

anecdotes

News

anecdotes Introduces Snowflake Connected Application 2.0 for Advanced Custom Executive-Level Compliance Reporting

Monday, August 21, 2023

TEL AVIV, Israel and PALO ALTO, Calif., -- anecdotes, the leading security Compliance technology firm, today announced the launch of its Connected App 2.0, Powered by Snowflake. The application was designed to provide leadership with the Compliance reporting needed to understand the company's security posture and aid in decision-making.

anecdotes addresses the issue of acquiring precise and comprehensive Compliance data by utilizing automated data collection from over 100 data sources. These sources encompass both public and private clouds, multi-cloud environments, and multiple accounts, facilitated by its customized plugins. Subsequently, the collected data undergoes ingestion, standardization, and analysis in alignment with each company's established policies and objectives. The introduction of Connected App 2.0 now allows this data to be harnessed for in-depth reporting aimed at company executives.

Constructed upon the Snowflake platform, anecdotes' Connected App 2.0 facilitates the visualization of Compliance data through a range of widgets and adaptable reports. These reports furnish actionable insights on an organizational level. In addition to the pre-designed recommendations, all reports can be meticulously crafted and personalized to suit the unique business nature and specific requirements of the organization, using the self-service dashboard feature.

"Compliance managers no longer have to struggle with presenting accurate and comprehensive security Compliance data to their executive leadership. With anecdotes' Connected App 2.0, enterprises can leverage the power of fully configurable DIY reporting to achieve a data-driven approach to Compliance management," said Ryan Lieser, VP Partnerships and Alliances at anecdotes.

"Executives in publicly-traded companies and other large enterprises make strategic decisions based on Compliance and risk insights, but they're held back when the underlying data is not credible, or the insights are not actionable. With its Connected App 2.0 powered by Snowflake, anecdotes is making great strides towards accessible, accurate, and actionable Compliance reports for even the most complex organizations," said Omer Singer, Head of Cybersecurity Strategy, Snowflake.

Top-tier applications in the industry harness the capabilities of Snowflake as their foundation. Leveraging the Snowflake platform empowers product and engineering teams to create, expand, and manage their applications seamlessly, alleviating operational complexities. This enables them to provide unique and distinct offerings to their customer base. Through the Powered by Snowflake initiative, developers gain access to a range of resources that aid in the conceptualization, promotion, and operation of their applications within the Data Cloud ecosystem. To delve deeper into the specifics of the Powered by Snowflake program and to explore how various organizations are utilizing Snowflake as their building block, kindly follow this link.

anecdotes Raises $25M in Series B Funding

Wednesday, January 17, 2024

anecdotes , a Palo Alto, CA-based enterprise GRC (Governance, Risk and Compliance) technology company, raised $25M in Series B funding.

The round was led by Glilot Capital Partners, with participation from existing investors Red Dot Capital Partners, Vintage Investment Partners, and Shasta Ventures, with participation from Vertex and DTCP.

The company intends to use the funds to introduce new data-driven innovations to the GRC landscape, such as the anecdotes AI Toolkit which provides a comprehensive list of risks, controls and policies to securely integrate Generative AI capabilities, accelerate expansion into markets across the US, EMEA, and APAC regions, and enhance engagement of its partnerships with Deloitte, Coalfire, Google as well as many others.

Founded in 2020 by Yair Kuznitsov and Roi Amior with offices in New York, San Francisco and Tel Aviv, anecdotes provides a Compliance Operating System that streamlines data collection into modern GRC applications, addressing diverse compliance and risk needs and capitalizing on its flexibility thanks to proprietary integrations with widely used enterprise platforms such as Azure, PagerDuty, Datadog etc. Capabilities include an Analysis Engine and Playbooks that empower each of the existing and new GRC applications, GenAI toolkit, frameworks, audit, policy and risk management, user access review, and more.

Since its last funding round, anecdotes has expanded its technology partnerships, now featuring over 120 integrations with essential platforms in identity, security, collaboration, ticketing, and cloud infrastructure. The firm’s presence on key marketplaces like Google Cloud Marketplace and Amazon Web Services amplifies its reach. Additionally, anecdotes has broadened its ecosystem, establishing relationships with dozens of channel partners and advisory firms.

The company’s customer base now includes names such as Lifelabs, Snowflake, Coinbase, Aristocrat, SoFi, Grafana, Payscale, and more.


Top 20 Compliance Technology Solution Companies - 2021

Company
anecdotes

Headquarters
Palo Alto, CA

Management
Yair Kusnitzov, CEO

Description
The platform informs the users about what they need to do and how the software can help them in attaining the certification they want

Top 20 Compliance Technology Solution Companies - 2021

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