Establishing an ethical workplace is important for the company to thrive and to avoid any harmful consequences that would impact its employees negatively. With ethics and compliance learning software, companies can establish training courses and educational material to help train their employees to ethically comply with the company’s policies.
12+ Ethics and Compliance Learning Software
1. SAP Litmos
2. IHASCO ELearning
4. Absorb LMS
7. Navex One
8. Inspired ELearning
10. GAN Integrity
11. Thomson Reuters Compliance Learning
What Is Ethics and Compliance Learning Software?
Ethics and compliance learning software is a combination of online training software and HR compliance software where employees are taught and trained to comply with the ethical standards of the company. This compliance training software is used by HR to ensure employees comply with the pre-existing company policies and ethical standards for a safe workplace.
Ethics and compliance learning software helps companies to establish a safe working environment for everyone working in the company. These compliance training platforms can train employees to comply with the policies and ethical standards to ensure the working environment is suitable for everyone, free from toxic parts of the corporate workforce as much as possible. The compliance software can help employees be cautious of the things they cannot do on the company premises, while also giving them a sense of security that their rights are protected whenever unethical wrongdoing has occurred to them during work. The compliance management software also helps companies establish compliance and protection from dangerous situations, cyber-attacks, financial fraud, and other risky situations that might affect the company.
Ethics and compliance learning software features compliance tools such as learning management system (LMS) software tools that allow companies to create training courses and educational material about the company’s ethical standards. The regulatory compliance software also contains a database where employees can access documents and handbooks about the company’s policies and ethics. One of the other compliance management tools is that it should be able to alert HR and company leaders of possible ethical violations that took place within the company, which they can use this tool to take action and hold their violating employees accountable through incident management software tools.
- Learning management system tools
- Database of documents relating to the company policies and ethics
- Incident reporting tools
Top 10 Ethics and Compliance Learning Software
TalentLMS’ learning management system software allows businesses to create courses relating to ethics and compliance learning with its highly engaging tools and features. TalentLMS has 3 employees and earns annual revenue of $500,00.
2. Thomson Reuters Compliance Learning
Thomson Reuters Compliance Learning provides e-learning software courses that help organizations and their employees to comply with ethical standards and policies in the workplace. Thomson Reuters has 55,765 employees and earns annual revenue of $2,147.5 billion.
SAI360 uses the power of cloud server technology to provide ethics and compliance learning software that helps companies get ready for potentially risky situations that might impact the company. SAI Global has 2,780 employees and earns annual revenue of $403.1 million.
4. Navex One
Navex One provides all-in-one ethics and compliance software that helps them tackle issues and provide solutions needed with its risk management software tools. NAVEX Global has 1,354 employees and earns annual revenue of $196.3 million.
5. SAP Litmos
SAP Litmos’ learning management system software helps companies train their employees with its extensive e-learning tools that help them establish an impactful ethics and compliance learning environment. SAP has 518 employees and earns annual revenue of $75.1 million.
6. Absorb LMS
Absorb LMS provides companies with its learning management systems software that allows them to create training courses on ethics and compliance that will bring effective results. Absord Software has 290 employees and earns annual revenue of $47.9 million.
Axonify’s training software helps frontliners with the training they need to be provided by their employers that. Axonify has 208 employees and earns annual revenue of $30.2 million.
8. IHASCO ELearning
IHASCO ELearning helps health organizations with their health software-specialized HR compliance training software that includes how to train health professionals on complying with ethical standards of the organization. IHASCO has 110 employees and earns annual revenue of $18.2 million.
9. GAN Integrity
GAN Integrity wants its cilents’ employees to do the right thing with their ethics and compliance learning software that empowers them to make well-informed decisions to correct any wrongdoings. GAN Integrity has 105 employees and earns annual revenue of $15.2 million.
Enabley’s training software allows companies to extensively train their employees in critical manners including ethics and compliance learning. Enabley has around 25 employees and earns a revenue of around $5 million.
Is ethics and compliance learning software a standalone product or a feature of another feature?
Ethics and compliance learning software is usually a standalone product, although it’s also a feature of governance, risk, and compliance (GRC) software. The software compliance can also be found in learning management system software to create training courses and educational content related to ethics and compliance. Some businesses may prefer to use software that already has ethics and compliance learning feature integrated for cost-saving reasons, though other companies prefer to use a standalone ethics and compliance learning software for its specialized solutions.
In case the accountability tools in the ethics and compliance software don’t work, what are the other software that companies can use to hold their companies accountable?
When accountability through ethics and compliance software isn’t enough, companies can establish whistleblowing software to allow employees to report anonymously on a possible workplace violation that took place during work. Companies can also use incident reporting tools to additionally report on incidents that the HR can look into. If it requires legal action, companies can opt for a law firm that uses legal practice management software for a more streamlined legal process.
How much do ethics and compliance learning software cost?
Pricing for ethics and compliance learning software is usually customized, with pricing tiers that offer more features or less. Pricing for ethics and compliance learning software varies depending on the features available and the intended target company. Small companies may benefit more from low-cost ethics and compliance learning software, while large companies may benefit more from high-cost software.
With ethics and compliance learning software, companies and their employees are now better informed of how to establish an ethical and productive workplace that helps employees feel motivated to work the best.
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