Compliance software solutions support organizations in managing and tracking their operations to ensure they are continually meeting all legal and regulatory standards required of them. These platforms typically have key features including policy management, risk assessment, reporting, audit trails, and automated reminders.
Organizations operating in highly regulated business environments – such as medicine or finance – are faced with the often-overwhelming task of ensuring and proving their adherence within increasingly complex and strict compliance frameworks. The kind of requirements they must meet could be industry specific mandates or for general data protection and privacy laws. Navigating this often-complex terrain of restrictions and requirements is a much more daunting task without a dedicated compliance software.
This is where compliance software comes in. There are a broad range of solutions that are available and it can be difficult to select the most appropriate solution. To make that process a little easier, we have put together a list of some of the best compliance software for businesses, providing some background information for each vendor on our list and highlighting their key capabilities and features.