Having effective corporate compliance is now in demand for most businesses. The more regulations increase relevance across various industries, the more companies deal with compliance obligations. That also means the need for an effective compliance management software has never been greater.
Companies are looking for the best compliance management software to help them meet these ever-expanding compliance obligations. Not having one means executives have to rely on the manual approach to fulfill their commitments. Not only is the manual option more prone to error, but it also drives up costs. Smart businesses know they need a compliance management tool to get the job done. Fortunately, we’ve got the solutions for you.
This article will discuss compliance management, its importance, and the best software available on the market right now.
What is Compliance Software?
Compliance software is a tool used to ensure that companies conform to laws and regulations. It helps businesses adhere to state, federal, or international regulations by automating processes and tracking compliance-related data in one place.
Compliance software comes with an array of features designed specifically for this purpose. Some of the most important ones include audit management, document control, and incident management.
Why is Compliance Software Important?
These days, there are a lot of different regulations that apply to any company. The only way to ensure they comply with every law applicable to them is to have an effective compliance system in place. This is where compliance software comes in handy: it helps automate processes and track all relevant compliance data in one convenient place. This makes it easy for businesses to keep track of their obligations and stay compliant.
Key Features to Look for in Compliance Software
When it comes to finding the best compliance software, knowing what features to look at plays a crucial role in your decision; with that said, here are seven key features to look for when selecting the ideal compliance software for your business/organization:
This feature provides an easy way for organizations to identify and evaluate the risks within their company. Risk management tools can help you manage risk by applying appropriate controls and validating that these controls are working.
This feature will provide a centralized location to store and access all of your company’s policy documents, portfolios, and procedures. This will help you and your employees stay up-to-date on any changes made to policies or processes within an organization.
An incident management tool helps businesses/organizations manage incidents, track corrective actions, store information about past incidents for future reference, etc. A good one should also have a reporting function so that you can track trends in incident reports over time.
The audit management feature will help facilitate the entire auditing process from start to finish. This includes scheduling and conducting audits, tracking issues found during an audit, as well as corrective actions taken after one has been completed – all in one place! It also allows for the creation of custom audit templates so that you can streamline the process even further.
A compliance calendar lets you track progress and assign tasks in a centralized location. This feature will help you stay on top of deadlines, keep track of important dates or events coming up soon and ensure that all compliance activities are completed on time by their respective due date(s).
Having a compliance workflow feature allows you to assign specific tasks to individual members and track the progress of these tasks as they move through different stages. This helps to ensure that no charge falls through the cracks and that everyone involved in a compliance activity is aware of their role and responsibilities.
With compliance alerts, you can program your system to send real-time notifications every time a specific event or action occurs or when a member completes a task. This gives you the ability to quickly and efficiently react to any compliance-related incident that may occur.
Remember that not every software will have all of these features, so be sure to tailor your search based on your unique needs.
Best Software For Creative And Marketing Compliance
Now that you know what features to look for, it’s now time to know the top 5 best software for compliance management.
Ziflow is a cloud-based platform that helps businesses manage their creative and marketing content. It offers a wide range of features. In addition, it includes risk management, policy management, incident management, audit management, compliance calendar, compliance workflows, and more.
The Cognizant Control Compliance Suite (CCCS) supports internal and external compliance requirements because It provides a centralized location to manage policies, procedures, training programs, and more. The software also includes features for risk management as well as audit reporting.
Skillcast is a digital learning platform that helps manage ethics and regulatory corporate compliance training. It offers features such as policy management, incident management, audit management, and more. The software also has built-in support for mobile devices so that you can access it anywhere at any time!
Wolters Kluwer is a cloud-based solution designed to help organizations manage their ethics and compliance programs. Similar to Ziflow, it also features incident management, audit management, policy management, risk assessment tools, and more.
DataMyte offers a wide range of products to help businesses manage their data and processes. As an expert in management solutions, its Digital Clipboard has a lot of features that will surely help with compliance, including audit tracking, content management, workflow builder, checklist/task management, and more.
If you are looking for a comprehensive and all-inclusive solution, then DataMyte is the brand to go with. Our Digital Clipboard will help you manage your compliance activities from start to finish. Check out our website to learn more.
So there you have it! Those are the top software for creative and marketing compliance. It’s now up to you to go out there and do your research so that you can find one that meets all of your needs. Happy shopping!