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Zoho Finance Plus & the GDPR

The General Data Protection Regulation (GDPR) is a European Union regulation that contains principles and guidelines for businesses about protecting the personal data of EU residents. It is coming into effect in the EU on 25 May 2018, and the Zoho Finance Plus’ feature enhancements will help you stay GDPR compliant.

Key principles for processing personal data

GDPR has laid down six key principles for organizations, based on which they should process personal data. It mandates that personal data shall be:

Should your business be GDPR compliant?

If you’re a business in the EU or have customers or vendors there, it is mandatory that you are GDPR compliant.  So, it is important to take the necessary steps to be GDPR compliant. And we are here to help you be compliant.

What happens if you don’t comply with GDPR?

Businesses that are found to be in violation of GDPR will have to pay a fine of 20 million Euros or 4% of their preceding fiscal year turnover (whichever is greater).

Key GDPR Terms

Zoho’s Commitment to GDPR

At Zoho, we always believed in keeping our user’s data private and secure. We never share our user’s data with any third parties unless a user requests it explicitly. We are sincerely committed to keep our user’s data safe and to fully comply with the GDPR.

Zoho Finance Plus as a Data Controller

  

Zoho Finance Plus as a Data Processor

Disclaimer: The content provided here is not to be taken as legal advice. Please contact your legal advisor to learn how GDPR impacts your business and what you need to do to comply with it.