The Best Compliance Management Software (2024) buyer’s guide

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In the area of following rules and regulations, things are changing quickly. Recent study an interesting trend: in 2022, an amazing 62% of teams increased their compliance budgets by a lot. This financial commitment to complying seems to be a goal that will last well past 2023. The changing environment of hybrid work arrangements is a big part of why this shift is happening. Companies are using remote workforces more and more, so it is becoming more important for teams to come up with new ways to meet compliance standards. This is exactly where it becomes clear how important the Best Compliance Management Software is.

It’s important to know that compliance can involve a lot of different things that can change from one entity to the next. These things could include brand compliance, following job policies, and following local laws, among many other things. The best compliance management software is made to be a flexible option that can meet a wide range of compliance needs. This gives organizations a strategic advantage as they navigate this changing landscape.

Why need Compliance Management Software?

Compliance Management Software (CMS) is important for many reasons, including:

• Regulatory Compliance: CMS helps companies keep up with a landscape of regulations that is always changing. This helps them avoid fines and legal problems.
• Risk Mitigation: It lowers risks related to compliance by putting compliance data in one place, keeping track of changes, and automating jobs.
• Efficiency: CMS streamlines compliance processes, saving time and money and lowering the amount of manual work that needs to be done.
• Data Security: It makes data more secure by limiting who can see private compliance data and keeping track of what users do.

Best Compliance Management Software

CMS can help organizations in many different fields, such as healthcare, banking, manufacturing, and more. CMS can improve compliance management for any company that has to follow government rules or industry standards.

Feature	Filestage	Connecteam	ComplyRight	Perimeter81	Qualtrax
Features	Document review, collaboration, approvals, version control, reporting	Project management, time tracking, employee scheduling, communication, team collaboration	Compliance management, risk management, incident management, training, auditing	Zero-trust network access, cloud security posture management, data loss prevention, web application firewall	Quality management, project management, issue tracking, risk management, audit management
Pricing	Starts at $29 per user per month	Starts at $39 per month	Starts at $199 per month	Starts at $10 per user per month	Starts at $199 per month
Deployment	Cloud-based	Cloud-based	Cloud-based	Cloud-based	Cloud-based
Website Link	Visit Website	Visit Website	Visit Website	Visit Website	Visit Website

Best Compliance Management Software

CMS makes it easier to keep data safe by giving you access controls, encryption, and audit records. It keeps private compliance-related data from getting into the wrong hands and protects the integrity and privacy of data. CMS helps handle audits by keeping audit trails, storing documents related to compliance, automating audit tasks, and making audit-related reports. It makes the audit process easier and makes sure that audit standards are met.

Filestage

Feature	Description
Review Workflow	Collaborative review and approval process for creative work
Version Control	Keep track of changes and revert to previous versions
Commenting and Markup	Add comments and annotations directly to files
Integration	Connect with popular tools like Adobe Creative Cloud
Custom Workflows	Create customized approval workflows
	Visit Website

Filestage is a platform for review and approval that also functions as a compliance management solution for companies operating in industries that are subject to regulations.

You are able to establish review procedures that are both consistent and repeatable for any and all file formats, such as drawings, videos, and documents, respectively. After that, you will be able to implement these across your entire firm to ensure that nothing is ever published without first receiving approval from the appropriate individuals.

Connecteam

Feature	Description
Employee Management	Track time, attendance, and performance of your workforce
Communication Tools	Create chat groups, surveys, and announcements
Task Management	Assign tasks and projects with due dates and priorities
Training and Onboarding	Deliver training modules and onboarding materials
Mobile Accessibility	Accessible via mobile app for remote teams

The all-in-one compliance management program from Connecteam lets you meet industry and company standards. With Connecteam, you can store and share business policies with employees, keep all documents up-to-date and easy to find, and offer training courses on compliance.

You need to keep your staff up to date as industry standards and business policies change. With Connecteam, it’s easy to make custom training courses to let your workers know about new rules or changes to how things are done. Use PDFs, videos, and any other types of documents to make the classes as informative as you need them to be.

Complinity

Feature	Description
Compliance Management	Streamline compliance tracking and reporting
Document Management	Organize and manage compliance-related documents
Audit Trails	Maintain detailed audit trails for regulatory requirements
Alerts and Notifications	Receive alerts for compliance deadlines and updates
User Permissions	Assign roles and permissions for controlled access

Do you remember the days when you were constantly striving to keep up with the ever-changing requirements and drowning in a sea of legal documents? You would juggle papers like a circus act and pray that you were compliant enough to avoid those enormous fines. You would have to juggle paperwork like a circus show.

Here we are in the present day, and I’d like to introduce you to Complinity, our software for managing legal compliance. Say farewell to the piles of files and the anxiety that comes with the unknown. Imagine for a moment a digital utopia in which rules are easily adhered to, deadlines are easily met, and compliance is a breeze to achieve.

Perimeter81

Feature	Description
Secure Network Access	Provide secure and remote access to network resources
Zero Trust Architecture	Implement a zero-trust security model for network access
Multi-Factor Authentication	Enhance security with multi-factor authentication
Cloud Integration	Connect with cloud resources securely and seamlessly
Centralized Management	Manage and monitor network access from a centralized platform

Perimeter81 is a Simple Compliance Management Solution for Security that protects the data of enterprises to the fullest extent possible by adhering to the highest possible security requirements. The implementation of Perimeter 81 Compliance lets firms receive precise risk management, which in turn helps cut the costs associated with information security.

Data encryption, virtual private network (VPN) encryption, and two-factor authentication (2FA) are some of the features that are included in the compliance solution that helps healthcare organizations achieve HIPAA compliance. When firms implement SOC 2 Type II Compliance, they receive an infrastructure that is simple to use, they are able to conduct extensive audit trials, and they can put in place complex security controls.

Qualtrax

Feature	Description
Compliance Management	Streamline compliance tracking, reporting, and documentation
Document Control	Manage and version control documents for compliance purposes
Audit Trails	Maintain detailed audit trails for compliance verification
Training and Certification	Deliver and track employee training and certifications
Custom Workflows	Create customized workflows for compliance processes

The Qualtrax Compliance Software is a straightforward yet powerful application that helps manage and organize forensic laboratory accreditations and audits in a streamlined manner. Qualtrax provides comprehensive document management and process automation so that its clients can comply with industry standards, customer standards, and internal standards.

Qualtrax grants you full control over the paperwork that drives your business by managing the document life cycle on your behalf. This allows you to ensure that your business runs smoothly. The search function allows companies to locate information that is pertinent to their needs by employing keywords or phrases and arranging documents in accordance with the requirements of the firm.

How to Choose a Compliance Management Software?

Organizations need to choose the right Compliance Management Software (CMS) in order to handle regulatory requirements and keep up with industry standards. Here is a step-by-step guide on how to choose compliance management software:

• Check off what you need: Make a list of the features and functions you want a CMS to have. These may include document handling, audit trails, the ability to report, and workflows that can be changed.
• Ability to grow and fit together: Think about how the software can be expanded. Make sure it can keep up with the growth of your company and the changing compliance needs. Check to see if the CMS can work with your other systems, like ERP, CRM, or HR software, so that data can be shared easily.
• How easy it is to use: Check out how the software looks and how easy it is to use. Staff will be more likely to use the system if it is easy to use, and compliance efforts will go more smoothly.
• Data Security and Control of Access: Putting data security features like encryption, role-based access control, and authentication methods at the top of your list is important. Make sure the CMS follows the rules for data security to keep sensitive information safe.

Questions and Answers