Software Advice helps businesses find compliance management software so they can track regulatory feeds and map regulations to policies. How does it work?

Compliance Management Systems


 
LogicGate logo
 
LogicGate is a cloud-based governance, risk management and compliance (GRC) solution. It is suitable for businesses of all sizes in financial services, pharmaceuticals, life sciences, healthcare, energy, retail and education industries.... Read More
Rating:            (2)
Rating:
       (2)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
LogicGate is a cloud-based governance, risk management and compliance (GRC) solution. It is suitable for businesses of all sizes in financial services, pharmaceuticals, life sciences, healthcare, energy, retail and education industries.... Read More
 
Certent DisclosureNet logo
 
Certent DisclosureNet is a cloud-based disclosure research and peer analytics solution. The solution combines internal and external report creation with a built-in proprietary research engine. The solution provides compliance and... Read More
Rating:            (2)
Rating:
        (2)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
Certent DisclosureNet is a cloud-based disclosure research and peer analytics solution. The solution combines internal and external report creation with a built-in proprietary research engine. The solution provides compliance and... Read More
 
BP Logix Process Director logo
 
BP Logix Process Director is a compliance management solution that offers both workflow as well as business process management (BPM) compliance within a single solution. The software is best suited to the needs of financial services,... Read More
Rating:            (17)
Rating:
        (17)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
BP Logix Process Director is a compliance management solution that offers both workflow as well as business process management (BPM) compliance within a single solution. The software is best suited to the needs of financial services,... Read More
 
Compliance Management Software logo
 
Intelex offers cloud-based Compliance Management Software that helps businesses manage compliance and risk. The software helps users to manage compliance tasks, risks, training, audits and permits, and also features document control,... Read More
Rating: No reviews
Rating:
No reviews
Price:
Platforms:
Deployment:
Business Size:
S
M
L
Intelex offers cloud-based Compliance Management Software that helps businesses manage compliance and risk. The software helps users to manage compliance tasks, risks, training, audits and permits, and also features document control,... Read More
 
RizePoint logo
 
RizePoint is a compliance management solution that is used by companies to maintain quality and consistency across different products and services. The solution places quality checks at multiple levels of production so that all products... Read More
Rating:            (2)
Rating:
       (2)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
RizePoint is a compliance management solution that is used by companies to maintain quality and consistency across different products and services. The solution places quality checks at multiple levels of production so that all products... Read More

Call us for a free FastStart Consultation: (844) 687-6771


 
GRC Cloud logo
 
GRC Cloud is a cloud-based compliance and risk management solution suitable for midsize to large businesses in a variety of industries. Key features include audit trails, archiving and retention, ISO management and environmental compliance... Read More
Rating:            (1)
Rating:
       (1)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
GRC Cloud is a cloud-based compliance and risk management solution suitable for midsize to large businesses in a variety of industries. Key features include audit trails, archiving and retention, ISO management and environmental compliance... Read More
 
DoubleCheck logo
 
DoubleCheck is a cloud-based compliance management solution designed for large businesses across all industries. It offers tools for compliance management, work paper and evidence management, report generation and issue resolution. DoubleCheck... Read More
Rating: No reviews
Rating:
No reviews
Price:
Platforms:
Deployment:
Business Size:
S
M
L
DoubleCheck is a cloud-based compliance management solution designed for large businesses across all industries. It offers tools for compliance management, work paper and evidence management, report generation and issue resolution. DoubleCheck... Read More
 
BSI Compliance Manager logo
 
BSI Compliance Manager is a cloud-based compliance solution that helps users manage risk, conduct-gap analysis and collaborate with other employees. BSI Compliance Manager’s audit management feature helps compliance professionals... Read More
Rating: No reviews
Rating:
No reviews
Price:
Platforms:
Deployment:
Business Size:
S
M
L
BSI Compliance Manager is a cloud-based compliance solution that helps users manage risk, conduct-gap analysis and collaborate with other employees. BSI Compliance Manager’s audit management feature helps compliance professionals... Read More
 
ERA Compliance logo
 
ERA Compliance is a cloud-based compliance management solution that is suitable for businesses of all sizes that need to manage health, safety and environmental compliance. ERA Compliance automatically emails users when a task is... Read More
Rating:            (9)
Rating:
       (9)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
ERA Compliance is a cloud-based compliance management solution that is suitable for businesses of all sizes that need to manage health, safety and environmental compliance. ERA Compliance automatically emails users when a task is... Read More
 
SiteDocs logo
 
SiteDocs is a cloud-based compliance management solution designed for businesses of any size in the construction and maintenance industries. Key features include digital documentation, compliance management, a dashboard and mobile... Read More
Rating:            (2)
Rating:
       (2)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
SiteDocs is a cloud-based compliance management solution designed for businesses of any size in the construction and maintenance industries. Key features include digital documentation, compliance management, a dashboard and mobile... Read More

Call us for a free FastStart Consultation: (844) 687-6771


 
Zenefits logo
 
Zenefits is a cloud-based human resources information system (HRIS) that features user dashboards, core human resources, benefits administration, onboarding and employee scheduling. When new employees are hired, HR professionals using... Read More
Rating:            (171)
Rating:
        (171)
Price:
Recommended:
74%
Platforms:
Deployment:
Business Size:
S
M
L
Zenefits is a cloud-based human resources information system (HRIS) that features user dashboards, core human resources, benefits administration, onboarding and employee scheduling. When new employees are hired, HR professionals using... Read More
 
Field iD logo
 
Field iD is a cloud-based safety compliance solution that uses a combination of radio-frequency identification (RFID) and barcodes along with internet-connected mobile devices to automate inspection and safety compliance management... Read More
Rating:            (28)
Rating:
        (28)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
Field iD is a cloud-based safety compliance solution that uses a combination of radio-frequency identification (RFID) and barcodes along with internet-connected mobile devices to automate inspection and safety compliance management... Read More
 
Enablon logo
 
Enablon is a cloud-based environment, health and safety (EHS) management solution that helps organizations track the use of natural resources.  Enablon allows users to create action plans and ensure proper follow-ups with built-in... Read More
Rating: No reviews
Rating:
No reviews
Price:
Platforms:
Deployment:
Business Size:
S
M
L
Enablon is a cloud-based environment, health and safety (EHS) management solution that helps organizations track the use of natural resources.  Enablon allows users to create action plans and ensure proper follow-ups with built-in... Read More
 
VelocityEHS logo
 
VelocityEHS compliance management software is a cloud-based compliance management solution. It caters to businesses of all sizes in the manufacturing, energy, mining, biotechnology, health care, transportation, food and retail industries.... Read More
Rating: No reviews
Rating:
No reviews
Price:
Platforms:
Deployment:
Business Size:
S
M
L
VelocityEHS compliance management software is a cloud-based compliance management solution. It caters to businesses of all sizes in the manufacturing, energy, mining, biotechnology, health care, transportation, food and retail industries.... Read More
 
Intellect Compliance logo
 
Intellect Compliance is a cloud-based regulatory compliance and management solution that is suitable for organizations of all sizes. The solution helps compliance managers reduce workload and achieve legal compliance by automating... Read More
Rating:            (22)
Rating:
        (22)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
Intellect Compliance is a cloud-based regulatory compliance and management solution that is suitable for organizations of all sizes. The solution helps compliance managers reduce workload and achieve legal compliance by automating... Read More

Call us for a free FastStart Consultation: (844) 687-6771


 
Integrum logo
 
Integrum is a cloud-based risk and compliance management solution for organizations of all sizes. It helps in managing quality, health, safety, environment, risk and compliance. Key features include incident management, investigation... Read More
Rating:            (2)
Rating:
        (2)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
Integrum is a cloud-based risk and compliance management solution for organizations of all sizes. It helps in managing quality, health, safety, environment, risk and compliance. Key features include incident management, investigation... Read More
 
CloudEQMS logo
 
CloudEQMS is a cloud-based compliance and quality mangement solution suitable for businesses of all sizes in any industry. It offers tools to help users organize and manage information and maintain compliance with regulatory standards. CloudEQMS... Read More
Rating: No reviews
Rating:
No reviews
Price:
Platforms:
Deployment:
Business Size:
S
M
L
CloudEQMS is a cloud-based compliance and quality mangement solution suitable for businesses of all sizes in any industry. It offers tools to help users organize and manage information and maintain compliance with regulatory standards. CloudEQMS... Read More
 
ZenGRC logo
 
ZenGRC is a cloud-based and on-premise governance, risk and compliance (GRC) management solution. It serves businesses of all sizes in any industry, including technology, retail, consumer goods, health care and finance. Primary features... Read More
Rating:            (4)
Rating:
        (4)
Price:
Platforms:
Deployment:
Business Size:
S
M
L
ZenGRC is a cloud-based and on-premise governance, risk and compliance (GRC) management solution. It serves businesses of all sizes in any industry, including technology, retail, consumer goods, health care and finance. Primary features... Read More

 

Buyer's Guide

by Justin Guinn,
Market Research Associate
Last Updated: June 23, 2017


Compliance software is at the heart of an organization’s efforts to continually track whether business processes are aligned with applicable laws, organizational policies and the standards of consumers and business partners.

Of course, a corporate compliance program goes far beyond software, and businesses in certain industries may not even need software to manage compliance requirements. However, large businesses and organizations in sensitive industries (pharmaceutical manufacturing, financial services etc.) generally benefit from an approach to compliance issues that’s partially automated by software.

Compliance management functionality can be found in various types of software. We’ll help you understand your options, so you can make the right choice for your specific business model and industry.

Here’s what we’ll cover:

Which Types of Software Help With Compliance Management?
What Is the Core Functionality of Compliance Software?
Key Considerations for Buyers

Which Types of Software Help With Compliance Management?

There are essentially three kinds of compliance management software (also known as corporate compliance and oversight tools) on the market:

  • All-purpose compliance management platforms
  • Industry-specific compliance management tools
  • Governance, risk and compliance (GRC) software

All-purpose compliance management platforms offer generic capabilities for compliance management across industries. Sample vendors include CMO Compliance and Navex.

Industry-specific tools help businesses in heavily regulated industries (health care, industrial manufacturing, financial services etc.) meet specific legislative and commercial requirements.

GRC platforms include generic compliance management features alongside a broader set of capabilities for risk management and corporate governance (for instance, IT risk management, business continuity planning, and legal management). Sample vendors include Enablon.

Compliance Reporting in Enablon
Compliance Reporting in Enablon

In this buyer’s guide, we’ll focus on all-purpose compliance management platforms as well as GRC platforms. Industry-specific tools are so niche in functionality that your specific business model will significantly whittle down your shortlist of vendors.

What Is the Core Functionality of Compliance Software?

Compliance software covers a huge range of business processes, regulations and industry needs. It’s no surprise that platforms are highly diverse in their functionality.

Compliance doesn’t stop at industry regulations and standards (OSHA, ISO etc.). Corporate ethics policies, acceptable use policies, and even business partner policies can all pose compliance issues. For instance, Wal-Mart suppliers have to meet a number of stringent standards that suppliers of many other major retailers don’t have to bother with.

Let’s therefore zoom in on the most important components of a compliance management system:

Policy management and compliance registry Policy authoring and approval workflows, version control, etc. Policies are documented in a global registry that maps applicable regulations to policies.
Controls monitoring Workflow engine enables business units to attest compliance with policies and regulations. Controls are documented in a centralized catalog, and standardized workflows allow for a controlled incident escalation process.
Compliance reporting Enables visibility into violations and noncompliant facilities at various levels of aggregation via dashboards and scheduled reports. Some solutions also support continuous monitoring of KPIs related to sensitive business processes for compliance issues.
Audit management Systematic workflows, case management and reporting features for investigating and resolving compliance issues. Some solutions also support real-time field reporting for audits.
Regulatory intelligence and change management Tracks RSS and XML feeds of regulatory information and alerts published by standards bodies and government organizations. Feeds can then be mapped to existing policies. Some providers also have legal teams that compile knowledge bases of international regulations.
E-learning for compliance training Generic and customizable online courses for training employees on how to comply with policies.
Survey tools Survey modules allow organizations to distribute self-assessments to employees.
Conflicts management Tools for monitoring potential conflicts of interest (employee gifts, employee trading etc.)
Fraud management Risk management features allow for detection of patterns indicating fraudulent activity in financial statements, vendor payments etc. Controls can also be tested for efficacy in preventing fraud, and “whistleblower” hotlines and web forms allow employees to act as a front line of defense.
Multilingual interfaces Interfaces are available for employees who don’t speak English.
Online compliance training in Naves
Online compliance training in Navex

Aside from these specific features, the advisory firm Gartner notes in their “Market Guide for Corporate Compliance and Oversight Solutions” that one of the most important functions of compliance software is aggregation: “The huge number of global legal, regulatory and administrative requirements and the variety of standards, guidelines and frameworks require compliance managers to merge and normalize mapping of requirements to controls and other compliance activities.” (The full report is available to Gartner clients.)

This is obviously a daunting policy management challenge that compliance software partially addresses through automation.

Which Compliance Areas Do All-Purpose Solutions Cover?
In addition to basic requirements, such as employee codes of conduct, GRC platforms and all-purpose compliance management, software solutions typically cover the following compliance areas:

Financial/accounting regulations

  • Dodd-Frank
  • Sarbanes-Oxley
  • Model Audit Rule
  • Foreign Corrupt Practices Act
  • Bank Secrecy Act
  • Gramm–Leach–Bliley Act

Industry-specific standards bodies and regulatory agencies

  • ISO
  • Committee of Sponsoring Organizations of the Treadway Commission (COSO)
  • FERC
  • OSHA
  • FDA
  • HIPAA

Regulatory feeds

  • SEC
  • FINRA
  • FDA

Many providers offer out-of-the-box support for dozens of other standards, but if your organization operates in a heavily regulated industry, the first step in your search should be evaluating industry-specific solutions.

Mobile interface in CMO Compliance
Mobile interface in CMO Compliance

Key Considerations for Buyers

We’ve seen that the landscape of compliance management vendors remains highly fragmented due to the diverse nature of compliance requirements. Keeping the following considerations in mind will help you evaluate vendors to build an effective shortlist:

  • How much risk management functionality do you need? Risk management and compliance management frequently go hand-in-hand, and many providers offer integrated solutions that can identify compliance risks.
  • Does your business operate in an industry where continuity planning is necessary? Typically, vendors that handle compliance management also offer business continuity management. Manufacturers, large retailers and other organizations with complex supply chains, as well as organizations that operate in politically and economically unstable regions, can benefit from consolidating these requirements in a single platform.
  • To what extent does the IT department factor into compliance requirements? IT compliance is, to some extent, its own beast. Not all vendors offer equal coverage when it comes to IT compliance—look for vendors offering out-of-the-box support for frameworks like Control Objectives for Information and Related Technologies (COBIT).

 

 

How it Works

We match organizations with software that meets their needs.

Our service is simple and 100% free to customers like you because software vendors pay us when we connect them with quality leads. You save time and get great advice. Vendors get great referrals. It's a win for everyone!

Call now for advice: (844) 687-6771
Software Advice Advisors
×