It's no secret that data privacy is top of mind for many businesses and consumers alike. In light of recent data breaches and the General Data Protection Regulation (GDPR) going into effect, it's more important than ever for companies to take steps to protect their customers' data. One way to do this is by implementing a consent management solution. This blog post will outline the business requirements for a consent management solution.

What Is a Consent Management Solution?

When you operate a website, you need to obtain consent from your visitors for various activities such as third-party cookie inventory. A consent management solution is a software platform that helps organizations to obtain, track, and manage consent from individuals.

The solution may be used to obtain consent for various purposes, including marketing communications, data processing, and Cookies. The consent management solution may also help organizations to meet their legal obligations under data protection legislation, such as the General Data Protection Regulation (GDPR).

A consent management solution typically includes a consent form builder, consent workflow management, and reporting. The solution may also integrate with other business applications, such as Customer Relationship Management (CRM) or Enterprise Resource Planning (ERP) systems.

Many consent management solutions available can help you be CPRA compliant, and each has its unique features. Good examples of consent management solutions to help one be CPRA compliant includes Osano, OneTrust, and Mine PrivacyOps.

Why You Need a Consent Management Solution for Your Business

There are many reasons why you should consider using a consent management solution for your website or app. Here are just some of the benefits:

Differences Between Consent Management and Preference Management

Consent management is the process of gathering, storing, and managing consent from individuals. It typically includes obtaining consent from individuals for using their data and keeping track of when that consent was given.

Preference management is managing an individual's preferences around how their data is used. This includes allowing individuals to change their preferences at any time and ensuring that those changes are reflected in how their data is used.

Both consent management and preference management are important parts of data privacy compliance. However, preference management is often seen as more important because it gives individuals more control over how their data is used. As a result, preference management is often given priority over consent management when it comes to data privacy compliance.

What Are the Key Features of a Good Consent Management Solution?

When it comes to data privacy, consent management is key. A good consent management solution will help you collect, manage, and store consent from your customers and website visitors. Here are ten key features to look for in a consent management solution:

How Much Does a Consent Management Solution Cost?

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A good consent management solution will cost you depending on your needed features. The integration can be done in-house by your development team, or you can outsource it. You'll also need to consider the monthly or annual maintenance costs.

These can range from a few hundred dollars to a few thousand, depending on the size and complexity of your website or app. In addition, you should factor in the costs of any training that may be required for your staff. Overall, a consent management solution is an investment that will pay for itself many times over in terms of time saved, reduced customer complaints, and increased sales.

The Time It Takes to Implement a Consent Management Solution in Business

The timeframe for implementing a consent management solution will vary depending on the size and complexity of your business. However, there are a few factors that can help to determine the timeline for your implementation.

Considering these factors, you can develop a realistic timeline for implementing your consent management solution.

Dangers if You are Not CPRA Compliant

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If you are not compliant with CPRA, you may be subject to civil and/or criminal penalties. The California Professional and Rehabilitation Act (CPRA) establishes requirements for the use of confidential information by state and local agencies.

The CPRA also gives individuals the right to access records containing their own confidential information. In order to ensure compliance with the CPRA, state and local agencies must adopt policies and procedures governing the use of confidential information.

These policies and procedures must be designed to protect the confidentiality of the information and to ensure that it is used only for authorized purposes. In addition, state and local agencies that knowingly violate the CPRA may be subject to administrative sanctions, including suspension or revocation of their licenses.

Conclusion

In summary, the consent management solution that businesses should use must be easy to use if businesses want customers to actually give their consent. If it is too difficult or complicated, customers will not bother and will just opt out. The solution must also be transparent. A transparent consent management solution will help build trust between businesses and customers.