Software provider Sofico is collaborating with various automotive companies to prepare for the General Data Protection Regulation, Fleet News reports. Sofico currently manages more than 1.5 million vehicle contracts around the world through its software system and has been expanding its requirements to leasing companies and other clients to ensure they are GDPR compliant by 2018. The software company believes satisfying GDPR requirements may be a major challenge for many organizations. "Bearing in mind the length of software release cycles from providers like ourselves, plus the update schedule of many internal IT departments, there's not actually a lot of time for leasing companies and captive finance providers to assure compliance before the deadline of next May," Sofico Managing Director Gémar Hompes said.
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