Compliance Management Software: The 9 Best Tools Out There

If you’re in a highly regulated industry, like medicine or financial services, compliance management is a key part of your business strategy and protocols.

The best way to handle compliance across your organization is to find a comprehensive software tool that’s designed around your business’s compliance needs.

Here are some of the very best compliance and risk management tools out there on the market.

1. Visualping

Visualping is a (website change monitoring tool)[https://visualping.io/], with a lot of different applications. One thing that companies can use our tool for is compliance management.

Visualping lets you monitor any web page, or select just one section of the page. Then, as soon as something changes on it – new or altered content, for instance – you’ll get notified immediately.

You can use this to monitor industry news and legislative changes to help your compliance team stay on top of new changes.

2. Tipalti

Tipalti is a dedicated enterprise SaaS for the finance industry. It handles just about everything, and that includes tax and VAT compliance management tools.

Tiplati’s IRS compliance features can help you greatly reduce risk within your organization, ensuring that you meet all of the most up-to-date requirements.

It comes with a guided tax wizard feature, helping suppliers of US payers determine which form is correct. Then, it digitizes all tax forms, with capabilities for handling over 1,000 different types of IRS tax documents.

For non-US payers located in European countries, Tipalti also comes with document collection features. You can use it in over 49 total countries, making it a great choice for both North America and Europe.

3. Hyperproof

Hyperproof is a dedicated SaaS offering for managing and automating risk and compliance workflows.

Compatible with a wide variety of compliance frameworks, Hyperproof is a top choice for compliance and risk management within highly regulated industries. Designed to be intuitive and easy to use, Hyperproof cuts out a big chunk of manual work.

Its workflow standardization and automation features are a boon to many organizations for which compliance management is a major concern. You can assign control to key stakeholders within your organization, streamline control management, standardize evidence collection, and more.

4. MedTrainer

Like finance, healthcare is a very highly regulated industry, and for good reason. MedTrainer is designed for supporting compliance within medical and healthcare practices, giving you more time to dedicate to treating and helping your patients.

Along with credentialing options, MedTrainer provides a suite of compliance features designed specifically for healthcare, including:

• Incident reporting
• Policy and document management
• Equipment management
• Safety plan templates and data sheets that you can implement
• Dedicated HIPAA and OSHA templates
• Contract management

By automating key compliance tasks, you can free up your staff to focus on what really matters – your patients.

5. Healthicity Compliance Management

Healthicity’s all-in-one compliance management solution is another great choice for the medical industry, with features for both training and end-to-end management.

Its robust suite of features includes:

• Dashboard reporting, with a customizable workspace for tasks, messages, alerts, and more;
• Audit management features for tracking internal and external compliance audits;
• Comprehensive risk assessment features to prevent potential issues from arising in the first place;
• Incident management features that help streamline evidence collection, tracking, and investigations;
• Exclusion monitoring, to help you prevent incurring any fines or penalties;
• Business associate agreements for your outside vendors, contractors, and partners.

6. LogicGate Risk Cloud

This robust risk management platform is designed for cybersecurity risk management. Its features can help you reduce siloing within your organization.

LogicGate Risk Cloud is tailored to a number of key regulated industries, including:

• Software development
• Financial technology
• Telecommunications
• Banking
• Insurance
• Investment services
• Hospitals and healthcare practices
• Pharmaceuticals
• Medical device manufacturing
• Oil and gas industry
• Utilities services
• Alternative energy services

It features integrations with a number of other popular software tools, including Gmail, Jira, Servicenow, Slack, and more.

For companies across a wide range of sensitive regulated industries, LogicGate is a versatile choice.

7. KPA EHS (formerly iScout)

KPA is an EHS reporting and management system designed around regulatory compliance, and around building a culture of safety in your medical practice.

If you’re looking for an EHS solution with great compliance management features, KPA is a top choice. It also features comprehensive compliance training and learning features, to help keep your staff up to date with the latest developments in protecting your patients’ sensitive health information.

8. StandardFusion

StandardFusion is a GRC platform adaptable across a range of industries, with a focus on IT security. Its suite of compliance solutions include:

• Risk management. You can identify and track risks; conduct qualitative and quantitative risk assessment; understand and implement better risk mitigation practices; and generate eye-catching data reports and analytics.

• Audit management. Manage auditing, evidence collection, and tracking with StandardFusion’s inbuilt audit features.

• Compliance management. Document, track, and manage compliance protocols and policies within your organization.

• Vendor management. You can implement questionnaires, profiles, contact management, and assessments for all of your relevant vendors. This helps you understand how those third parties might be using your data, making it easier to identify potential security and compliance risks.

• Policy management. Create and document detailed compliance and risk management policies with StandardFusion’s policy management features. You can also create approval workflows, edit important documents, and track document versions over time.

9. AuditBoard

AuditBoard is a software suite that helps you integrate auditing processes, risk management, ESG, and compliance policies in the interest of making better strategic decisions.

Applicable to a wide range of regulated industries, AuditBoard provides you with a fully connected all-in-one risk management and compliance platform that can connect teams across your organization to reduce siloing and help make your compliance processes more effective.

Compliance Management Software: A Suite of Choices Across Numerous Industries

There are quite a few options out there for compliance and risk management. The best choice for you can depend on your specific industry, your particular needs, and other factors.

If you’ve implemented a risk and compliance platform, Visualping can be a great adjunct tool for keeping track of new changes in relevant regulations. You can use it to track just about any website, then get notified immediately if the content you’ve selected changes – very useful for finding out early about new adjustments, or potential adjustments, to legislation and regulations that affect your organization.

Book your demo today to find out more about using Visualping as part of a comprehensive risk and (compliance monitoring)[https://visualping.io/compliance-monitoring/] strategy.