Best Compliance Software

Compliance software supports compliance management through document validation, training compliance, reporting any exceptional events, and suggesting necessary actions to correct them. This software provides the data in the form of graphs and dashboards to provide visibility in a better format. Compliance tracking software assists in automating your organization’s auditing process and helps to develop and implement policies to ensure compliance. Compliance Monitoring Software can be easily installed on your premises, and it also provides an option to be installed at the vendor site, ...

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List of Best Compliance Software

Qualityze Suite

Next Generation Quality Management Software

Qualityze EQMS is a specialized software designed to support businesses in achieving and sustaining high-quality standards across their operations. Picture it as a digital companion dedicated to ensuring excellence. This tool plays a crucial role in helping companies organize and manage their processes, ensuring they consistently meet the desired quality benchmarks. It acts as a reliable guide, ... read more about Qualityze Suite

7 Days

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United States

HSI Donesafe

#1 Rated Cloud EHS Software

HSI Donesafe is a versatile, cloud-based safety and compliance software, catering to a diverse range of industries including manufacturing, healthcare, and construction. It stands out for its configurability, allowing organizations to adapt the software to their specific safety, environmental, and risk management needs. The platform's user-friendly interface simplifies complex processes like ... read more about HSI Donesafe

7 Days

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Australia

EHS Insight

Enhancing Safety and Operational Efficiency with a Customized Software Platform

EHS Insight is a dynamic software solution tailored for managing environmental, health, and safety (EHS) programs in organizations across various sectors. This comprehensive platform assists businesses in effectively monitoring and controlling EHS risks, ensuring compliance with regulations, and enhancing overall safety performance. Key features include incident management, audit and inspection, ... read more about EHS Insight

14 Days

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United States

Enablon

Leading integrated software solutions for Risk & Compliance, Engineering & Operations, and EHSQ & Sustainability

Enablon is a comprehensive software platform designed for managing sustainability, environmental, and health and safety (EHS) processes in organizations of all sizes. It enables companies to streamline their compliance with regulatory requirements, mitigate risks, and enhance performance in these critical areas. Enablon offers a range of modules covering aspects like incident management, risk ... read more about Enablon

7 Days

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Netherlands

Camms.Risk

Industry Leading Governance, Risk & Compliance Software

Camms.Risk is a comprehensive risk management software designed to help organizations identify, assess, and mitigate risks effectively. It offers a centralized platform for managing all aspects of risk, including strategic, operational, and project risks. Camms.Risk features intuitive risk assessment tools, facilitating the analysis of risk likelihood and impact. The software supports the ... read more about Camms.Risk

7 Days

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United States

Connecteam

Manage your entire team in one app

Connecteam is a handy team management app. It makes teamwork a breeze for everyone. With easy-to-use features, Connecteam simplifies communication and collaboration. Team members can share updates, create schedules, and track time effortlessly. Its customizable options fit any business smoothly. The app's simple design ensures that anyone can use it without a hitch. Connecteam acts as a central ... read more about Connecteam

Available

$29 Per month

United States

Replicon

Project Time Tracking & Timesheet Software

Recently acquired by Deltek, Replicon delivers AI-powered Time and Resource management solutions for global businesses. The market-leading solutions provide a single source of truth for Time, Expense, Projects, Resources, Skills, Billing, Costing, Pay, Revenue Recognition, and labor & Wage Compliance. Designed for global scalability and configurability, Deltek | Replicon enables businesses to ... read more about Replicon

14 Days

$12 Per month

United States

LogicManager

Enterprise Risk Management Software

LogicManager is a versatile software solution aimed at optimizing risk and compliance management for organizations. It serves as a centralized platform, facilitating efficient tracking and management of risks, audits, and incidents. The system promotes collaboration among teams through customizable templates and automated workflows, ensuring consistency and adherence to compliance standards. With ... read more about LogicManager

NA

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United States

Onspring

People-powered GRC automation

Onspring is a dynamic software solution designed to streamline and enhance various business processes, including risk management, compliance, and workflow automation. Serving as a centralized platform, Onspring enables organizations to efficiently manage tasks such as audits, vendor management, and incident reporting. The system promotes collaboration through customizable forms and automated ... read more about Onspring

NA

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United States

AuditBoard

Audit, Compliance, & Risk Management Software

AuditBoard is a robust software solution designed to streamline and enhance audit, risk, and compliance management for organizations. Serving as a centralized platform, AuditBoard facilitates efficient planning, execution, and tracking of audits. It promotes collaboration among teams through customizable templates and automated workflows, ensuring consistency and adherence to compliance standards... read more about AuditBoard

NA

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United States

Diligent HighBond

A GRC platform built for modern assurance

Diligent HighBond is an all-in-one software designed to manage governance, risk, and compliance (GRC) for organizations. It offers a centralized platform to assist businesses in efficiently handling their risk management, compliance, and audit processes. The software enables teams to assess and mitigate risks, ensuring adherence to regulatory requirements and industry standards. Diligent HighBond ... read more about Diligent HighBond

NA

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United States

Netwrix Auditor

IT Audit Software from Netwrix

Netwrix Auditor is a high-quality software to enhances cybersecurity and streamline information security & compliance for organizations. Acting as a centralized platform, Netwrix Auditor provides detailed visibility into IT infrastructures, helping businesses monitor user activity, detect security threats, and ensure compliance with various regulations. The software enables real-time monitoring, ... read more about Netwrix Auditor

15 Days

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United States

Workiva

Best Software for ESG, GRC & Financial Reporting

Workiva is a versatile cloud-based platform designed to streamline and simplify collaborative work, particularly in the realms of reporting, audit, compliance, and data management for businesses. Acting as a centralized hub, Workiva facilitates real-time collaboration on documents and reports, making it easy for teams to work together efficiently. The platform is known for its user-friendly ... read more about Workiva

NA

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United States

Hyperproof

Automated Security & Compliance Software Built For Scale

Hyperproof is a robust compliance and risk management platform that simplifies the complex task of meeting regulatory standards. It streamlines the compliance processes by offering a centralized hub for documentation, monitoring, and reporting. Hyperproof helps organizations efficiently navigate and adhere to various compliance requirements to reduce the burden of manual tracking. With a user-... read more about Hyperproof

NA

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United States

LogicGate Risk Cloud

Shorten Time to Audit With a Connected View of Controls, Risks, and Evidence

LogicGate Risk Cloud is a no-code risk management platform that empowers businesses to navigate and mitigate risks effectively. It provides a centralized hub for organizations to identify, assess, and manage risks across various domains. The platform offers customizable solutions for compliance, internal audit management, policy management, and workflow automation, tailoring its capabilities to ... read more about LogicGate Risk Cloud

NA

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United States

Apptega

Revenue-Driven Cybersecurity Compliance Software

Apptega is an ultimate cybersecurity and compliance management platform. The solution is designed to streamline and simplify your organizational security. With powerful features such as real-time dashboards, automated alerts, and customizable workflows, Apptega ensures that your team stays ahead of evolving threats with ease. Its intuitive interface and centralized platform make it simple to ... read more about Apptega

14 Days

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United States

StandardFusion

High-Performing GRC Platform for Information Security

StandardFusion is a comprehensive GRC (Governance, Risk, and Compliance) platform that simplifies and centralizes risk management processes. It provides a unified solution for organizations to manage compliance, risks, and audits in one intuitive interface. With robust features like policy management, incident tracking, and compliance mapping, StandardFusion promotes transparency and ... read more about StandardFusion

Available

Contact Vendor

Canada

SAI360

GRC Software & Learning for Risk & Compliance

SAI360 is a superb risk management platform designed to assist organizations in identifying, evaluating, and mitigating risks. It is a centralized tool for companies to manage compliance, ethics, and governance issues. With user-friendly features, SAI360 enables businesses to streamline their risk assessment processes and enhance overall resilience. The platform facilitates the tracking of ... read more about SAI360

NA

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United States

Resolver

Best Risk Intelligence platform

Resolver is a next-gen risk intelligence software solution that aids organizations in comprehending and addressing potential risks. It functions as a platform for gathering and analyzing data related to diverse risk factors to offer insights into emerging risks and trends. The tool zeroes in on identifying vulnerabilities, evaluating threats, and understanding potential impacts on an organization... read more about Resolver

NA

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Canada

AssurX

Enterprise Quality Management Software

AssurX is a powerful and versatile quality management system developed to streamline and enhance quality tasks within organizations. It is a comprehensive platform that simplifies the management of quality-related data, documents, and processes. With a user-friendly interface, it ensures easy adoption and efficient utilization by teams involved in quality management. This software is adept at ... read more about AssurX

NA

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United States

QT9 QMS

All-In-One Quality Management System

QT9 QMS is a robust software designed to streamline and enhance organizational processes. It acts as a digital assistant, ensuring that businesses maintain high standards in their products or services. With QT9 QMS, companies can efficiently manage quality-related tasks, such as document control, audit management, and corrective actions. This user-friendly tool promotes collaboration among team ... read more about QT9 QMS

Available

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United States

IBM OpenPages

A fully unified, smarter GRC environment

IBM OpenPages is a comprehensive governance, risk, and compliance (GRC) solution designed to empower organizations in navigating complex regulatory landscapes. This robust platform seamlessly integrates risk management, policy management, and regulatory compliance, offering a unified approach to enhance business resilience. With intuitive dashboards, OpenPages provides real-time insights into ... read more about IBM OpenPages

7 Days

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United States

Effivity

Powerful compliance management software

Effivity is a versatile quality management software designed to streamline and optimize ISO compliance processes for businesses. It simplifies the implementation and maintenance of various ISO standards like ISO 9001, ISO 14001, and ISO 45001. Effivity offers modules for document control, audit management, and non-conformance tracking, ensuring comprehensive compliance management. The platform ... read more about Effivity

15 Days

$187 Per month

United States

ManageEngine ADAudit Plus

A UBA-driven change auditor

ManageEngine ADAudit Plus is a comprehensive, real-time Windows Active Directory auditing software. It's designed to enhance network security and compliance through detailed monitoring and reporting. The software tracks and logs changes made to Active Directory (AD) objects, including users, groups, and permissions. ADAudit Plus provides instant alerts on critical activities, helping prevent ... read more about ManageEngine ADAudit Plus

Available

Contact Vendor

United States

COMPLYment

Best Compliance Management Software

COMPLYment is a specialized software solution designed for compliance management in various industries. It aims to streamline and simplify the complex processes involved in maintaining regulatory compliance. The platform offers tools for tracking and managing compliance documents, ensuring all necessary paperwork is up-to-date and accessible. COMPLYment includes features for risk assessment, ... read more about COMPLYment

7 Days

Contact Vendor

India

Compliance Software Buyer's Guide

Every business is a legal entity that has to function in an ecosystem of various compliances. This means every business has to function within a legal framework of its obligations towards the welfare, health, and safety of others. The government, depending on your industry and the size of your business, imposes these compliances. These compliances revolve around taxes, employment and labour laws, antitrust laws, advertising, environmental regulations, and licensing, etc. Management of your compliances ranges from internal and external policies and rules to internal and external auditing, third-party auditing, etc. Many companies still use traditional manual methods of compliance management. These methods are not only cumbersome but also leave a lot of errors and chances. Any errors in compliance management lead to legal problems, heavy fines & penalties, and criminal charges against the defaulting company. With the digitization of all processes and the demand for information sharing in digital formats, it’s in the interest of businesses to move towards digital compliance management software.

» What is Compliance Software?

To simply explain, compliance management software or a compliance management system automates all your compliance and legal requirements. It integrates itself with the regulations that different departments of a business are supposed to adhere to and simplifies the internal standards, regulations, and policies vis-à-vis the external governmental regulations. This is a strategic tool that helps a business execute all its compliance-related tasks in an integrated and collaborative manner so as to reduce risks and lapses as much as possible.

» How does Compliance Software Work?

Compliance management software centralizes your entire compliance-related framework and creates libraries to stack all your standards, policies, and regulations. A compliance system, through these centralized libraries, links the procedures, regulations, and standards to your individual business areas. The compliance system then converts these into interactive reports and dashboards with the relevant users and departments within the business. Compliance monitoring software effectively builds the capacities of your legal team with the requisite skills and information necessary to manage the risks that you might face.

» Is it Worth Investing Money in Compliance Software?

Compliance management software is a very reliable way to pre-empt and address the risks that your organization might face while complying to the complex regulatory framework laid down by the government related to your industry. With the compliance management system, you are always better prepared for audits and minimizing unconscious violations. Therefore, it is considered to be a sound investment with long-term benefits for a business.

» Features of Compliance Software

Now that we have established the importance of compliance management software, it is essential to have a customized compliance management solution so as to avoid any errors or lapses in meeting the compliances. For this, it is essential to understand the features of the best compliance management software. Here is a list of the features:

› Monitoring of controls

This is one of the most important features of compliance management software, monitoring of controls helps in businesses to effectively comply with the policies and regulations laid down by the government by documenting the controls in a centralized library. When the controls are integrated and centralized, the workflow becomes simple and easy to execute. This also helps in effective execution of processes.

› Management of policies

Compliance management software helps in simplifying the organizational workflows by documenting all the compliance-related information and making them shareable with the relevant working groups. This concentration of timelines, historical compliance data, information, reports, and bylaws help in maintaining a consistency that is essential for maintaining smooth work processes.

› Alert features

Compliance management system ensures that you receive regular alerts and notifications about all the activities. These alerts are especially beneficial when there have been some lapses in meeting the compliances as they help in taking immediate corrective action as and when required. This also helps the working teams to be proactive and do away with unnecessary and time-consuming escalations.

› Customized dashboards

Compliance systems come inbuilt with dashboards including charts, graphs, and infographics to help the departments’ review information pertaining specifically to their department instead of going through heaps of irrelevant data and information.

› Identification of risks

One of the most important features of the Compliance management system is the cataloging of risks. This helps in documenting them not only for the use of the relevant departments but also for avoiding making such lapses in the future.

› Risk Matrices

Compliance management system uses matrices that allow businesses to define the rating methods that they would like to use, the values that they would like to compare themselves on, etc.

› Assessment of risks

Another important feature of Compliance management software is that it helps businesses to create their own templates or use pre-installed templates in the software system to assess various risks that they might be exposed to. Some of the risks that these templates allow businesses to assess are information technology risks, risks to their projects, product development risks, business risks or risks to their employee welfare processes.

» Benefits of Compliance Software

We all understand the importance of keeping our business compliant to the various laws and regulations pertaining to the place that you operate and the nature of your industry. We have put together the benefits of using compliance management software. Here is a list of the benefits:

› Effective management of risk

Compliance management solution allows the pre-emptive assumption of risks that your business might be about to face. Not only it pre-empts the risks but also assesses them and helps your business in tackling and managing these risks. Since these software use analytics and insights, they help catch potential risks before they become a real threat to your business. With this software, an organization can make more sound decisions about how to ward away compliance-related risks. In the long run, compliance management solutions help businesses in running more efficiently, being more productive, and staying competitive for a long time to come.

› Efficient business processes

Compliance management solutions help a business in devising its processes as per the compliances laid down by the government. This helps not only in effective management of operations but also in letting the processes be risk-free. This way, businesses know what impacts their processes and profits and devise strategies accordingly.

› Reduction in costs

A great advantage of the compliance management system is that it helps businesses in reducing their operating and administrative costs. This is because once you automate and digitize a particular function, use of additional manpower and their salaries, etc. goes down immediately. The processes also become faster and more collaborative. Once you start using compliance management solutions the possibility of human error that might result in lapses in compliances reduces. This further reduces the cost of litigation, fines, and other regulatory complications and loss of reputation.

› The Business has a competitive edge

By utilizing a compliance system, you make your processes and system resilient to any changes in the rules and regulations. By implementing changes, a business stays adept and in line with the laws. Using compliance systems also makes your processes efficient and less time-consuming. Since the processes are now mostly automated, your teams can spend time on bigger things concerning the business and focus on bettering the core areas rather than spending time daily on mundane day-to-day administrative tasks.

› Enhances the credibility of the business

Compliance management software helps businesses stay up to date with the current rules and regulations imposed by the government, following these rules, procedures, and regulations automatically ensures that you are functioning ethically and transparently. The consumer’s trusts businesses that operate ethically and do not violate any rules or laws of the land immensely. In the long run, you ensure customer loyalty resulting in increased profitability.

» What are the key buying factors to be considered before choosing the compliance software?

Every compliance software comes bundled with multiple features and technologies. Therefore, it becomes a little confusing for businesses to choose the best performing compliance management software specific to the needs of their business. To top it all, every business has different needs depending on the country that it is operating and the kind of industry that it functions in. We are sharing some key factors that you should keep in mind before selecting the best compliance management system for your business.

› Does your company need the software?

By now we have understood that to survive, a business has to follow the rules, procedures, and regulations implemented by their respective government. However, making people responsible for reading up on all the laws, ensuring compliance with them, flagging when you are lagging behind anything, filing the required compliance documents is quite challenging. It is always advisable to automate this process to not only save time, which can be spent on meeting more business objectives; it also reduces the chance of human error. Any errors in following the compliances can lead to serious issues like financial penalties, legal damages, and loss of reputation.

› What are your requirements from the software?

Every business will have different requirements from the compliance management system. This will depend on the nature of the industry that the business belongs to and the country that it operates in. For you to make a sound technology investment, you should clearly define your requirements and expectations from the compliance management software.

› What is your budget?

For this very essential software and investing in it, it is important that you earmark a budget separately. In case the budget is not determined, you might end up spending much more than you can afford. On the other hand, you should avoid cutting corners to save money. You should not invest in low-quality software to save money. This might result in larger problems for your business regarding compliances and adherence to laws.

» How to choose Good Compliance Software?

With thousands of software solution options available in the market, it may become quite confusing for businesses to make a sound investment decision. Every brand claims its software is better than the others. We are listing some points, which will help you differentiate great productive software from a not so productive one.

› Understand your organization’s unique needs:

The compliance management software should be essentially chosen according to the specific needs of your business. For that, you need to understand and study the rules, procedures, and regulations that apply to your business. Then you should conduct an assessment to see if you have enough resources to absorb and manage this system on a daily basis.

› Integration and Compatibility:

The Compliance monitoring software that you choose should have compatibility with your existing business networks and tools. If this is not the case then there is a chance that your teams will spend precious time and resources on either buying new business networks and tools or constantly making adjustments between the two to develop collaboration and compatibility.

› Customer testimonials:

The best way to choose a compliance management solution is to assess the reviews of its existing consumers. Mostly the reviews posted by consumers are free of any bias and any commercial interest. These are posted after genuinely using the compliance software.

» Pricing of the Compliance Software

The pricing of a Compliance Management System depends on a number of factors- its features, brand name, compatibility with global technologies and networks, number of years that the brand has been in existence, compatibility, etc. Generally, the pricing varies between $ 50 - $ 100 a month. It is strongly recommended that you use the free basic version before buying the entire software suite to assess the compatibility of the software with your existing systems and tools. This will also give you an idea about how comfortable the actual users are while using the software.

» Conclusion

We hope that by now, you would have understood all the nuances of a compliance management system. We strongly urge you to invest in this very important software that will help you in adhering to the rules and regulations that your business needs to comply with. You should make an informed decision that should be based on clear assessment and due diligence. In case you feel overwhelmed by the multiple brands available with similar-sounding features, we suggest you take guidance from unbiased online information sources that review and rate each software transparently.