The Best Compliance Management Software Platforms

New regulations are emerging at an astonishing pace, with much of them revolving around protecting privacy and data security. Also, the many amendments to existing regulations are putting enormous pressure on organizations to take a relook at their governance rules and processes.

To meet these evolving regulatory changes, 99% of companies surveyed plan to achieve continuous compliance over the next five years. More organizations are likely to follow suit given the many benefits that come with compliance that go beyond just the legal implications. In particular, meeting compliance requirements makes organizations more secure and protects them from cybersecurity risks.

Here is our list of the best Compliance Management Software Platforms:

1. Vanta An advanced compliance management software that automates compliance with leading standards like SOC 2, HIPAA, GDPR, PCI, ISO 27001, and more. Its real-time monitoring and efficient audits streamline the compliance process.
2. Sprinto A security compliance automation platform that supports 12+ frameworks and offers pre-approved auditor-grade compliance programs for all organizations.
3. Compliancy Group This platform is geared toward companies in the healthcare industry that want to stay compliant with HIPAA, SOC 2, OSHA, or other custom programs,
4. iComplyKYC A modular tool that helps businesses comply with different aspects of digital finance, especially KYC, KYB, and AML processes.
5. Protecht Group A risk and compliance management software that pinpoints risks in real-time for quick remediation and to enable faster and more informed decision-making.
6. Alyne from Mitratech A futuristic GRC platform that uses AI and ML to simplify compliance. Its ESG frameworks help navigate risks to ensure operational resilience.
7. SAI360 An integrated tool that offers comprehensive GRC programs to boost business resilience and continuity.
8. Microsoft 365 E5 Compliance A comprehensive compliance and data governance platform to safeguard against risks and respond to compliance regulatory changes.
9. Arena QMS A Product Lifecycle Management (PLM) that ensures the released products meet the regulatory compliance of relevant standards.
10. Compliance Manager GRC A custom compliance tool to reduce the risks and costs associated with compliance.

Given the complexity of complying with regulations, organizations are looking beyond Excel sheets, and are embracing a more streamlined approach. This change in strategy has led to the emergence of many compliance management platforms that offer a wide spectrum of features.

A compliance management platform is a centralized application suite that allows organizations to comply with different regulations.

Best Compliance Management Software Platforms

Our Methodology for selecting a Compliance Management Software Platform:

How did we condense hundreds of tools to the above ten tools? Here are the criteria we followed to check if a compliance management software platform makes it to our list or not.

• Supports multiple regulations and standards.
• Offers a free trial or demo that doesn’t require a cost commitment to evaluate.
• Customization options to meet your specific needs.
• User-friendly
• Generates extensive reports

With this context, let’s take a detailed look at each tool and its features.

1. Vanta

Vanta is a leading compliance management platform that helps companies achieve compliance with leading standards, including HIPAA, SOC 2, ISO 27001, GDPR, and PCI. Essentially, it automates the complex process of gathering data for security audits and checks them against the compliance standards to identify gaps. More importantly, it checks these systems once every hour, or as per your configuration, to ensure that your organization never goes out of compliance.

Source: Vanta

Read on to learn more about Vanta’s features and how they streamline your compliance management.

Compliance with SOC 2

SOC 2 is one of the most popular security frameworks and its compliance attests that an organization can safeguard sensitive data. Vanta supports the entire journey for this compliance. It starts with a comprehensive audit of your current processes and activities. If required, it can even get a Vanta-approved auditor to take you through the process. Based on the results of the audit, Vanta provides actionable insights to implement. Moreover, it continuously tests for compliance to help you fix gaps as they emerge.

Compliance with HIPAA

HIPAA is another important standard in the United States and applies to healthcare companies that store, access and process patient health information. This regulation ensures that the patients’ sensitive data of patients is secure. Vanta automates up to 85% of the collection of evidence to prove compliance with HIPAA. It also creates a single source of truth for all HIPAA-related information.

Similarly, it also helps organizations adhere to GDPR, NIST AI Risk Management Framework, USDP, GDPR, and ISO 27001.

Leverage Pre-built Resources

Vanta provides dozens of pre-built security policies for meeting different compliance standards.  You can take the relevant policies and customize them to meet your specific scenario. Alternately, you can also create a custom one from scratch and Vanta will guide you along the process. Similarly, it also creates a set of pre-built documents and evidence in a central location to show them to auditors. Moreover, it also connects to popular platforms and applications through its 300+ pre-built integrations.

Overall, Vanta is a highly effective platform that ensures strong and continuous compliance with the relevant standards. It saves time, effort, and costs through its automation and advanced workflows.

2. Sprinto

Sprinto is a comprehensive compliance management platform that offers out-of-the-box programs covering 12+ security frameworks. It supports SOC 2, ISO 27001, GDPR, PCI DSS, HIPAA, NIST, FedRamp, and more. Its offerings are specialized for fast-growing and cloud-based tech companies that require adaptive automation workflows to streamline their compliance.

Source: Sprinto

Below are some key features of Sprinto.

Continuous Compliance

A standout feature of Sprinto is its continuous compliance, from the word go. It connects with your existing systems automatically to map and monitor controls against different frameworks. It tracks compliance, gathers evidence, and triggers remediation workflows 24X7. Such continuous compliance ensures that you never fall out of compliance.

Automatic Evidence Collection

One of the pain points in compliance is gathering evidence from different sources and analyzing them for issues. Sprinto automates this process by integrating with your cloud. Undoubtedly, this saves time and effort for your employees.

Security Audit Preparation

Preparing for security audits is another difficult part of compliance as it requires extensive documentation, snapshots, and other evidence to prove compliance. Sprinto removes the manual effort required for audit readiness as it organizes everything you need like documentation and system snapshots into a centralized location.

Due to such features, Sprinto eases the time and effort required for compliance while continuously monitoring your controls.

Request a demo.

3. Compliancy Group

Compliancy Group simplifies compliance for healthcare providers who want to comply with some of the most stringent regulations like HIPAA, SOC 2, and OSHA. You can even create a custom program with two or more compliance standards, just depending on your business needs. This platform offers extensive templates, assessments, and even training for your employees to ensure compliance with these standards.

Source: Compliancy Group

Let’s now see how Compliancy Group is helping companies meet such stringent compliance.

Comprehensive Dashboard

The compliance dashboard is well-designed and intuitive to navigate. On this dashboard, you can find all the information relevant to your role. For example, employees can see the tasks assigned to them and their rate of completion. On the other hand, managers can view the assessment completion status, training offered to each employee, vendor status, and more. All this data ensures that every employee can contribute meaningfully to the compliance process.

Extensive Training

A highlight of Compliancy Group is its training programs. Every employee gets role-based training followed by self-assessments. At the end of the training, they are even awarded certificates of completion to motivate them to complete the course. From an organization’s standpoint, this training ensures that everyone’s work complies with the established standards.

Intuitive Compliance Process

The entire compliance process is intuitive and automated. Based on your compliance requirements, Compliancy Group offers templates for policies, guidelines, and risk assessments. You can customize them to meet your specific needs. Furthermore, this platform provides guided action items to help you bridge the gaps in compliance. Simply follow them to become compliant with any standard.

Overall, Compliancy Group greatly eases the process of compliance and reduces the complexity associated with it, making it ideal for organizations of all sizes that want to become compliant with healthcare-related standards.

Request a demo.

4. iComplyKYC

iComplyKYC enables organizations to meet specific compliance requirements in digital finance. Specifically, it supports compliance with AML processes, KYB, KYC, document verification, identity verification, and biometrics. Given the ever-evolving regulations in the financial space, this platform enables organizations to always stay compliant.

Source: iComplyKYC

Below are some important features of this platform.

AML Risk Screening

There’s a potential for money laundering in every transaction and the onus is on FInTech companies to safeguard themselves against these malicious transactions. This is why AML risk screening comes in handy. iComplyKYC cross-references every transaction against global sanctions, watchlists, and lists of organizations like FATF and OFAC.

Document Verification

Document verifications are time-consuming and yet are essential for the safety of FinTech companies. iComplyKYC uses AI to streamline the entire process. It starts with identifying the verification scope and gathering information from different sources. Next, it verifies the accuracy of submitted information by comparing them against different watchlists and other sources. It evaluates the provided data against multiple criteria to ensure its accuracy. With such efforts, it ensures that document verification is accurate without requiring manual efforts.

Corporate Onboarding

It’s important to verify the identity of your corporate clients before signing an agreement with them and this is where iComplyKYC comes in. Its business identity verification and in-depth risk assessments ensure the safety of your business. Also, it provides a 360-degree view of every client to bring down the risks associated with working with them.

In all, you can choose the modules you want to implement within your organization to streamline digital transactions and protect your organization against emerging risks from clients, transactions, fraudulent documents, and more.

Request a demo.

5. Protecht Group

Protecht Group provides comprehensive insights into your state of compliance and protects your organization from the financial and reputational damage that comes from non-compliance. It also helps your organization stay on top of the evolving regulatory challenges.

Source: Protecht Group

Let’s now see how Protecht Group streamlines compliance management for your organization.

360-degree View and Protection

Protecht Group provides a shared view of compliance by centrally managing all regulatory obligations. This central repository automatically updates any required changes in regulations. Such a central repository ensures a single source of truth that’s updated for everyone. Moreover, this repository consolidates all compliance questions, documents, and attestations for easy reference and audits. This approach makes it easy to submit evidence when needed and at the same time, provides a dynamic way to store incidents and breaches.

Greater Participation

A key problem with compliance is to involve every stakeholder and ensure they do their part to comply with the regulations. Protecht Group addresses this issue by reminding stakeholders of their tasks including details of what needs to be done. Such a proactive approach drives engagement.

Dashboards and Actionable Insights

Protecht Group offers user-centric dashboards and workflows that inform every user about their tasks, compliance rates, and any other information related to their role. They also display digital workflows with automated reminders to help stakeholders complete their tasks. Furthermore, it provides real-time presentations of interconnected data to help everyone understand why they complete their obligations.

Overall, Protecht Group is a streamlined process to not just comply with regulations but also get buy-in from all stakeholders to increase their participation in the compliance process.

Request a demo.

6. Alyne from Mitratech

Alyne from Mitratech is an AI-powered platform that simplifies the process of compliance with different standards. This cloud-native GRC and compliance management platform boosts innovation and agility while enhancing transparency and compliance efficiency.

Source: Mitratech

Below are the salient features of Alyne.

Built for the Future

A highlight of Alyne is that it’s built for the future, which means, it’s scalable to meet your growing business needs and adaptable to handle the changing regulatory frameworks. Based on the changes, it automatically adjusts its automated workflows and processes to ensure compliance. Its AI and ML engine continuously learns regulations and mitigates the associated risks.

Intuitive UI

Despite the heavy lifting of this tool, its user interface is intuitive and easy to use. No prior experience or training is required to use this tool. It also helps individuals of all technical backgrounds to customize the workflows needed to meet compliance, without writing a single line of code. With such capabilities, Alyne encourages collaboration among users and reduces the overall cost of ownership to the organization.

Pre-defined Templates

Another salient aspect is its 1,500+ out-of-the-box templates that can be easily mapped to controls and regulations. With these templates, you can mitigate risks and stay prepared for all events while boosting compliance with different regulations.

Overall, Alyne is a convenient platform for managing your compliance. Its many features monitor your environment continuously to prevent non-compliance.

Request a demo.

7. SAI360

SAI360 is a comprehensive ESG platform that brings together GRC, sustainability, and learning to help global organizations manage risks across their organization. It also empowers organizations to create trust among their stakeholders by ensuring compliance with relevant standards.

Source: SAI360

Read on to learn the key features of SAI360.

Unified System

SAI360 offers a single system of record for compliance, risk, and audit management. Besides acting as the single source of truth, SAI360 provides comprehensive visibility into the compliance process. More importantly, it automatically updates processes to meet the evolving regulations. You can also build custom workflows by customizing its pre-configured solutions.

Healthcare Compliance

SAI360 has a module for healthcare compliance that offers tailor-made modules to help American healthcare providers comply with HIPAA regulations. Its compliance includes modules like conflicts of interest, gifts and hospitality, contracts, third-party risks, and more.

Dashboard and Analytics

Detailed analytics and dashboards provide meaningful data visualizations for your business to help identify key relationships, trends, and patterns that can improve efficiency and compliance. Moreover, its reports enable the executives to create appropriate policies and make other data-driven decisions.

In all, SAI360 is helpful for organizations looking for a sustainable way to maintain their compliance. In particular, it can be helpful for healthcare providers.

Request a demo.

8. Microsoft 365 E5 Compliance

Microsoft 365 E5 Compliance is a suite of compliance and governance solutions that help protect your data, manage risks, and maintain compliance with regulations. In particular, its compliance modules automatically translate the required legal aspects into smaller controls that can be implemented within the organization.

Source: Microsoft

Below are some key features of this tool.

Manages Compliance Across Multicloud Environments

Microsoft Purview Compliance Manager is a solution in E5 Compliance that automatically assesses your compliance levels across multi-cloud environments. Based on the evidence, it offers actionable insights that you can implement to bridge the gaps. It also helps manage the complexity of implementing different controls and ensuring continuous compliance.

Generates a Compliance Score

To give you an idea of where you stand and how you are progressing, this platform assigns a compliance score. As you successfully implement each action, the score increases. Every action carries points based on its implementation difficulty and the impact on your overall compliance environment. Using these points, you can also decide the implementation order, especially if you’re looking to increase scores with limited resources.

Visibility into Evidence

Microsoft Purview Audit Manager enables you to log audited activities in a central repository and search through them to find what you need. You can even assign necessary permissions based on roles to allow authorized employees to view them.

All these features make Microsoft E5 a comprehensive tool to ensure compliance with different standards.

Request a demo.

9. Arena QMS

Arena QMS and PLM tools streamline the product development lifecycle and ensure that the delivered product meets the relevant regulatory requirements. In particular, it ensures compliance with FDA 21, CFR Part 820, and ISO 13485.

Source: Arena

Some key features of Arena QMS are as follows.

Combines Commercialization with Compliance

In highly regulated industries, it is difficult for a product to meet compliance requirements after it is ready for the market. This is why Arena combines compliance during every stage of the product development lifecycle to ensure that it is compliant throughout. This approach is important for FDA and ITAR regulations.

Supports New Products

Arena QMS centralizes all the compliance requirements for different products. This central platform acts as a single source of truth for new products and helps the concerned managers to include compliance as a part of their development strategy.

Provides Training

Arena regularly trains employees to help them understand the policies and procedures related to compliance. This understanding and visibility also increases voluntary participation and employees are more likely to follow the established guidelines.

Overall, Arena QMS is unique as it includes compliance as a part of the product lifecycle to ensure compliance at every stage.

Request a demo.

10. Compliance Manager GRC

Compliance Manager GRC simplifies compliance for organizations of all sizes. Well-suited for Managed Service Providers (MSPs) and IT Pros, this tool reduces risks of non-compliance for your clients.

Source: Compliance Manager GRC

Let’s look at the features of Compliance Manager GRC.

Highly Customizable

This tool is highly customizable and offers the flexibility to manage multiple standards and programs through a single service. It offers many built-in standards and frameworks that you can leverage to help your organization and its clients meet the required regulations.

Automated Reporting

Compliance Manager GRC automatically generates evidence of compliance with different standards. These reports are insightful and help understand the existing gaps. Accordingly, your executives can make informed decisions to bridge these gaps.

Displays Progress

One of the difficulties of compliance is to understand where you stand currently and what you have to do to achieve your compliance goals. Compliance Manager GRC offers this information for you. It continuously monitors your compliance levels and provides actionable items every step of the way.

Overall, Compliance Manager GRC is a handy tool for MSPs who provide security and GRC services for their clients.

Request a demo.

Thus, these are some of the best compliance management software platforms today.

Final Thoughts

In summary, compliance management platforms ease the process of compliance and ensure that you have complete control and visibility through the entire journey. While there are hundreds of compliance management platforms available today, the top ten discussed in this article come with excellent capabilities and can work well for different standards.