Zoho has announced it will be helping businesses improve their compliance with the Nigeria Data Protection Law.
The firm disclosed this recently on the sidelines of its annual user conference, Zoholics Nigeria.
The firm stated that it will offer its Zoho Contracts feature for free, for three months, to help businesses improve compliance with the recently signed NDPL.
The firm explained that the NDPL mandates all businesses to ensure that their contracts include provisions for data security and breach notifications, third-party vendors adhere to NDPA standards, and international contracts fulfill the criteria for cross-border transfer of personal data.
Businesses that breach this requirement are at risk of legal actions, and a potential fine of up to N10m or two percent of annual gross revenue.
It said that with its “Zoho Contracts, businesses can create contract templates with new/revised clauses for NDPA compliance, use analytics to quickly identify existing contracts with a specific clause, anonymise counterparty data on request, and track and monitor their contractual obligations with reminder alerts”.
Also, the firm disclosed that it grew by 50 percent in Nigeria in 2022. The Regional Director, MEA, Zoho, Ali Shabdar, said, “Our growth is a direct result of Nigerian businesses embracing cloud technology, especially unified platforms, to digitally transform and build resilience to adapt to challenging market conditions.
“Zoho’s unified technology stack, built from the ground up, allows us to meet such transformation needs of businesses with robust solutions that deliver consistently seamless user experiences at unbeatable value.”
He added that the firm grew its partner network by 22 percent and doubled its employee count in 2022 in the country to reinforce its local presence and better serve the customers.
The Country Head of Zoho Nigeria, Kehinde Ogundare, further stated, “Our transnational localism strategy of being locally rooted while staying globally connected is also key to our growth in Nigeria as we can serve our customers directly with our locally hired teams in Lagos.
“Zoho is also one of the few vendors in Nigeria today that continues to provide their offerings in Naira, thereby protecting businesses from the fluctuating dollar rates, and ensuring that enterprise technology remains accessible to businesses of all sizes. Our partnership with #StartupSouth, and the special offer on Zoho Contracts, are further steps that underscore our commitment to serve the business community in the region.”
