The Top 10 Best Compliance Management Software Solutions for 2024
In today’s structured world, every industry has an enormous amount of regulations and requirements that businesses in that sector must comply with in order to continue providing their products and services to consumers and other businesses. These regulations center around safety, privacy, transparency, as well as provide internal protections for employees within their organization. Healthcare, utilities, banking, food and beverage, manufacturing, E-commerce, real estate, education—the list goes on and on.
Compliance tracking software is a tool designed to help organizations manage, track, and ensure adherence to regulatory requirements, industry standards, and internal policies. There are many benefits of using regulatory compliance tracking software no matter your industry or budget. Benefits of the software include:
- Regulatory Compliance Management: Monitors and updates regulations relevant to your business.
- Audit Management: Facilitates internal and external audits by tracking compliance status and documenting processes.
- Risk Management: Identifies, assesses, and mitigates risks associated with non-compliance.
- Policy Management: Helps create, distribute, and manage company policies to ensure they are followed.
- Incident Management: Tracks compliance-related incidents and ensures proper resolution and documentation.
- Reporting and Analytics: Provides insights and reports on compliance status, trends, and areas needing improvement.
Compliance tracking software is essential for businesses to efficiently manage regulatory requirements, reduce risks, streamline processes, and maintain a positive reputation.
When it comes to finding the right regulatory compliance tracking software solution for your business, here are some features to look for:
Automated Regulatory Updates
Risk Assessment and Management
Audit Management
Policy and Procedure Management
Incident and Issue Tracking
Training and Certification Management
Reporting and Analytics
Document Management
Workflow Automation
Compliance Calendar
Third-Party Integrations
User Access Control and Security
For a lot of growing businesses, it’s not always easy to find the right compliance management software solution. With so many choices out there, it can be hard to know which regulatory compliance tracking software really fits the unique needs of your industry, your business, and your budget.
Don’t worry, there’s good news—finding the compliance management software for your business has never been easier.
We’re here to help. Our software experts have compiled a comprehensive breakdown of The Top 10 Best Compliance Management Software Solutions for 2024.
*Note: Our regulatory compliance tracking software reviews are for informational purposes only. We encourage you to perform research and demo compliance management software systems to achieve the most comprehensive comparison.
1. Striven
Striven is an all-in-one ERP business management software solution built with small to mid-market businesses in mind. Our sophisticated software combines project management tools, CRM, sales performance metrics, lead management, regulatory compliance tracking, collaboration tools, accounting, purchasing, HR and payroll, operations, inventory, task management tools, (and so much more) into a single, easy-to-use interface. Striven is an infinitely capable software solution that supports every type of employee within your company.
Highlights:
- Project, task, and time management w/ interactive calendar
- Detailed financial and productivity reports generated in seconds
- Fully integrated CRM
- Contractor and subcontractor management
- Self-service portals
- Scheduling & dispatch route planning capabilities
- Fully integrated accounting
- Complete HR functionality
- Sales and lead tracking
- Regulatory compliance tracking
What Sets It Apart: Striven’s expert team of business analysts personally see to your success. From training and onboarding, technical support, and business-specific customizations, our US-based Striven Support Team is available 24/7. On top of that, Striven’s automation capabilities allow you to work more efficiently.
Pricing: Free trial and custom demo, packages begin at $35/user.
More info: Striven Earns Numerous Awards For Q4 2023
2. NAVEX One GRC
Simplify and secure your governance, risk, and compliance efforts with the NAVEX One platform. It offers a comprehensive 360-degree view of your employees, third parties, and processes, delivering a complete risk and compliance solution.
Highlights:
- Enhance employee compliance
- Holistically manage third-party risks
- Dashboards and reporting
What Sets It Apart: From third-party risk assessments and regulatory updates to employee whistleblowing reports, genuine GRC data intelligence captures the nuances in every detail.
Pricing: Contact for pricing
3. Archer
Archer facilitates a shared understanding of risk, simplifying collaborative risk management. By using consistent taxonomies, policies, and metrics for all risk data, it enhances visibility for everyone, boosts collaboration, and increases efficiency.
Highlights:
- Available as an on-premises or SaaS format
- Identify and catalog mission-critical processes and systems.
- Dashboards with a clean UI
What Sets It Apart: Enhance efficiency and coordination among stakeholders with a platform specifically designed for risk analysis and management.
Pricing: Contact for pricing
4. LogicGate
Elevate your governance, risk, and compliance program with Risk Cloud®, LogicGate’s cutting-edge GRC platform. Utilize our advanced graph database and intuitive, no-code interface to swiftly identify, assess, communicate, and mitigate risks, maintain regulatory compliance, and strengthen your organization’s security and resilience.
Highlights:
- Manage governance, risk, and compliance throughout your organization with a centralized framework
- Automate manual processes and reduce the time and effort required
- Real-time visibility into your risk landscape and eliminate data silos
What Sets It Apart: Connect cyber threats to real business impacts. Add context to your decisions, prioritize remediation efforts, and report the most critical information to your key stakeholders.
Pricing: Contact for pricing
5. IBM OpenPages
Streamline data governance, risk management, and regulatory compliance with IBM OpenPages—an AI-powered, highly scalable, and unified GRC platform.
Highlights:
- Task-focused UI
- AI-powered chatbots
- GRC embedded workflows
What Sets It Apart: Features AI-powered tools like Einstein Copilot for natural language queries and app creation.
Pricing: Contact for pricing
6. ComplianceQuest
ComplianceQuest serves a diverse range of customers, industries, and regions globally. From small and medium-sized businesses to large enterprises, manufacturers choose ComplianceQuest for its comprehensive product lifecycle, quality, safety, and supplier management solutions.
Highlights:
- Centralized repository for identified risks
- Inspection criteria setting and monitoring
- Advanced reporting and analytics
What Sets It Apart: ComplianceQuest is a 100% native Force.com application suite, inheriting all attributes of the Salesforce platform.
Pricing: Contact for pricing
7. MetricStream
MetricStream delivers integrated GRC solutions, including risk management, compliance management, and internal audit, to help businesses ensure regulatory compliance.
Highlights:
- AI-powered GRC solutions
- Minimize losses and risk events with proactive risk visibility
- Brand reputation compliance
What Sets It Apart: Real-time aggregated risk intelligence that highlights the impact on business objectives and investments.
Pricing: Contact for pricing
8. Wolters Kluwer
Market challenges and increasing regulatory pressures necessitate regulatory change management solutions. Wolters Kluwer’s lending compliance and regulatory certainty solutions enhance loan compliance, and boost lending productivity.
Highlights:
- Loan compliance
- Fair lending regulatory compliance
- Legal compliance and a secure digital lending strategy
What Sets It Apart: Focuses on healthcare, tax & accounting, ESG, finance, compliance, and legal industries.
Pricing: Contact for pricing
9. Diligent
Diligent provides a suite of governance, risk, and compliance solutions, including policy management, compliance tracking, and audit management.
Highlights:
- AI-driven insights
- Tools to monitor, measure, and demonstrate
- Boost compliance confidence
What Sets It Apart: Integrating boards of directors into the regulatory compliance tracking software ecosystem.
Pricing: Contact for pricing
10. SAI Global
SAI Global is a recognized leader in integrated risk management solutions, assurance, and property services and helps organizations protect their brands by proactively managing risk, fostering growth, and ensuring sustainability.
Highlights:
- Risk and compliance management solutions
- Standards and legislation
- Audit, certification, and training
What Sets It Apart: Focused on innovative efforts in risk management software, standards aggregation, regulatory content,
Pricing: Contact for pricing
Contact a Regulatory Compliance Tracking Software Expert
Our Small- to Mid-Market Business Analyst Team at Striven has decades of experience with compliance and tracking software for businesses across a broad spectrum of industries.
Just like every car needs a trusted mechanic, every software needs a dedicated support team.
Have a question?