Staying compliant helps prevent lawsuits, fines, and audits. Apart from avoiding legal liabilities, compliance is also a key to a well-functioning company. To stay compliant is not centered on your business per se; it also includes your employees. It’s important for your employees to learn about laws, regulations, and company policies and apply them to their daily responsibilities in order to ensure workforce compliance to industry best practices, standards, and legal regulations. This can be achieved through compliance training. Compliance courses may include security training, employee safety training, ethics training, and other topics at your discretion. For easier maintenance, deployment, and management of compliance training, equip your company with compliance training software.
10+ Compliance Training Software
3. Absorb LMS
5. Paradiso LMS
8. Adobe Captivate
9. SAP Litmos
What Is Compliance Training Software
Compliance training software, otherwise known as ethics and compliance learning software, maintains a stack of learning content for employee training use vis a vis compliance and ethics topics. This software helps companies ensure regulatory compliance and train employees on internal policies and issues.
A primary benefit going implementing compliance training software is that it makes it easier for you to manage the training courses. Regardless of whether you are a regulated industry or not, transitioning to a compliance learning management system can benefit your corporate compliance training programs in many ways:
– Risk Reduction
With this type of software, you can keep digital records, which can be used in case of litigation. These records will prove that an employee was informed of specific laws and policies.
– Reduced Training Costs
Compliance training software reduces travel, venue, and instructor expenses as this doesn’t quite require that muck workforce. Using this software allows your employees to access the training courses from time to time, anytime, anywhere.
Compliance training software provides you the functionalities you need to help your compliance training succeed. The software is packed with standard features, including:
– simplified content-builder
– separate and secure training accounts
– certification tracking
– training courses assignment (according to roles or departments)
– violation alerts or notifications
– ethics and compliance training activities monitoring
Top 10 Compliance Training Software
1. SAP Litmos
SAP Litmos is a cloud-based technology platform that allows targeted learning, boosts employee experience and loyalty, and protects the brand by ensuring compliance. This software allows learning managers to import content or build courses in the application itself.
SAP Litmos has 250 employees and makes $18B in revenue.
2. iHASCO eLearning
iHASCO eLearning offers top-quality course content and easy-to-understand reporting tools. iHASCO has a company size of 89 employees and makes $16M in revenue.
TalentLMS is designed to reach everyone, allowing great teams and companies to grow. This software is easy to manage and fully customizable, not to mention it allows users to use this software at home. TalentLMS has 20 employees and makes $3M in revenue.
4. Absorb LMS
Absorb Software brings you Absorb LMS. This platform is a cloud-based LMS that empowers companies around the world to effectively deliver training. Absorb Software has 202 employees and makes $41M in revenue.
Axonify is a frontline training and communication suite is powered by artificial intelligence to reinforce important matters using bite-sized micro-learning content and other techniques to ensure familiarization of things learned. Axonify has a company size of 185 employees and makes $38M in revenue.
SAI360 is a risk management platform with a learning management system included. This platform offers preloaded libraries of regulatory ethics and compliance learning content, workflow software, and other aspects related to compliance.
7. Navex One
NAVEX Global offers the most comprehensive and integrated ethics and compliance platform, named Navex One in the market. Navex One is a suite of solutions that help identify, assess, and mitigate risks at any scale and for any industry across issues, such as harassment, liberty, conflicts of interest, and data security.
NAVEX Global has 1,300 employees and makes $311M in revenue.
8. Inspired eLearning Security Awareness Training Solutions
Inspired eLearning has over 15 years of enterprise cybersecurity expertise in off-the-shelf and custom security awareness training solutions for businesses of any size. Inspired eLearning has 89 employees and makes $14M in revenue.
Mineral is an HR and compliance leader for growing businesses. This proactive solution combines data, technology, and human expertise to drive innovation and personalized guidance. Mineral has 25 employees and makes $4M in revenue.
ComplianceLine protects teams and company missions with its complete solutions for issue intake, case management, exclusion and license checking, and contemporary compliance training. ComplianceLine has a company size of 131 employees and makes $6M in revenue.
Why Is Compliance Essential for All Organizations, Big or Small?
Compliance helps an organization ensure that employees and the organization as a whole abide by internal rules of conduct and external rules and regulations.
Can All Employees Use Compliance Training Software?
Yes, compliance learning suites can be accessed by everyone within your organization. In fact, this software allows you to create separate and secure training accounts for each employee based on the needs of the departments, facilities, or company branches they work at.
How Often Should I Conduct Compliance Training?
As a rule of thumb, compliance training is done at least annually.
Managing compliance is not just about ensuring that the organization as a whole abide by the regulatory rules and standards, it also covers the employees at an individual level. To ensure each of your employees fully understands and familiarizes the laws and regulations, as well as company policies, compliance training software is your excellent platform.
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