Compliance software allows organizations to track, monitor and manage compliance and internal controls with the purpose of ensuring regulatory compliance. Compare the best Compliance software currently available using the table below.
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Sword GRC
SFS Chemical Safety
Traliant
Hyperproof
AuditBoard
Camms
Accountable HQ
ARMATURE
Virtual Atlantic
Audit Prodigy
FastBound
JCAD
SiteDocs
integrum Management Systems
Compliancy Group
SafetyChain Software
Qualio
ControlMap
Donesafe
Certainty Software
BP Logix
Exclaimer
PQ Systems
SwissMetrics
Be-Safe Technologies Ltd
Compliance management software continuously audits, tracks and monitors whether or not a business’s processes align with consumer standards, organizational policies and applicable local, state and federal laws. These programs facilitate self-monitoring and partnership responsibilities as well as legal obligations.
Programs for corporate compliance reach beyond software. In some industries, including pharmaceutical manufacturing and financial services, a partially automated or hybrid approach to compliance issues helps ensure that nothing critical is missed. Large businesses also rely on these programs to keep processes documented and organized. Some industries might not need software to do this, but with increased regulation, they might need it in the future.
A variety of software types provide this functionality. This guide delves into the options and facilitates your selection of a compliance program to suit your business model and industry of operation.
Many business owners which types of software are designed for compliance management. There are three types of corporate compliance and oversight tools on the market today, and they include
Let’s take a closer look at each of these options.
GRC software includes generic compliance management tools that are packaged with a broad set of functions for managing risk and governing corporations. This software handles IT risk management, legal management and business continuity operations.
The all-purpose platforms for corporate compliance focus on general functions for ensuring compliance across nearly all industries.
An industry-specific tool allows heavily regulated industries to meet specific legislative requirements and commercial guidelines. Some of the types of industry-specific tools include financial services, industrial manufacturing and healthcare.
This guide focuses on GRC and general compliance platforms. If your business is in a highly regulated niche that requires an industry-specific tool, you can use the filters to find the right solution.
A vast range of industry needs, business processes and regulations are governed by compliance software. This explains the diversity in the functionality of the platforms. Corporate ethics policies, business partner requirements and acceptable use regulations fall under the auspices of this software.
The tools also handle compliance with ISO and OSHA standards as well as general industry regulations. For example, big box retailers may have requirements that suppliers to smaller businesses don’t have to consider. Let’s hone in on the key parts of a compliance management system.
GRC and all-purpose/general compliance management solutions cover basics, such as employee codes of conduct.
When your business must follow general standards, an out-of-the-box solution may satisfy your requirements. However, organizations in highly regulated industries will need to closely evaluate industry-specific solutions.
There are three considerations to keep in mind when selecting compliance management software: