Complying with company policies may be easy for employees. But for company leaders and human relations, creating policies, editing them, and holding accountability is another level. As many work arrangements are done online, companies should equip themselves with software that helps them manage and implement company policies, whether they are on the company premises or working from home. Thankfully, online policy management software provides the tools companies need to manage and implement their policies. Here are some of the best policy management software available right now.
18+ Online Policy Management Software
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What Is Online Policy Management Software?
Online policy management software is an HR software that focuses on implementing company policies. As a policy management software, it focuses on ensuring policies can be implemented and seen online in the workplace’s online platforms.
Online policy management software allows companies to establish and implement policies that employees and their leaders must comply with to standardize and normalize the ethical workplace within the company. The policy compliance software also reminds companies to comply and follow their mission and vision to ensure that the company can ethically reach its desired goals.
The policies laid out by the software can also help protect certain liberties that employees can exercise during their work hours. It can also place accountability on the offensive workforces with its established policies in place through the software. The software can also help companies comply with pre-existing business regulation laws with its HR compliance features.
The software provides policy management tools that that should be able to optimize their policies and be implemented in premise workforces or digital workplaces. Policies should be able to be seen and accessible online among the company’s employees. The software should also be able to provide templates that companies can use to establish different sets of policies. Once the drafted policies are in place, the software should be able to provide tools to the company’s administrative to approve or deny certain policies.
The software should then be able to monitor workflows and see whether they comply with the company’s policies through its workflow management features. In any case of an unproductive, the software should be able to provide solutions to correct the offensive workflow. The software should also be able to provide editing tools to allow the reformation of certain policies if the situation calls for one. It should also provide HR compliance tools to help companies up-to-date with compliance business laws.
- Implantation of policies in premise or digital workforce
- Policies accessible to the company’s employees
- Policymaking templates
- Tools to approve or deny policies
- Provide solutions for offensive workforces or employees
- Reformation tools for changing policies
- HR compliance tools
Top 10 Online Policy Management Software
DynamicPolicy empowers companies to manage HR compliance with their centralized policies and procedures software. DynamicPolicy is owned and developed by Zequel Technologies, which the parent company has 4 employees and earns annual revenue of $1.3 million.
PolicyTech’s policy and procedure management software empowers companies to improve their work efficiency with tools that help employees comply with company policies. PolicyTech is owned and developed by Navex Global, which the parent company has 1,354 employees and earns annual revenue of $196.3 million.
PolicyHub provides company administration tools to review their policies and ensure their employees fulfill their work obligations. PolicyHub is owned and developed by Mitratech, which has 548 employees and earns annual revenue of $79.5 million.
LogicGate helps companies with their enterprise risk management software that helps them identify and resolve weak links in their workplace policies that may create pose a risk for the company. LogicGate has 171 employees and earns annual revenue of $24.8 million.
BizAway helps companies with their software that simplifies the process of monitoring employees’ business travel management that ensures they comply with their policies on business-related travel. BizAway has 97 employees and earns annual revenue of $21 million.
PowerDMS’s policy management software helps companies save their time and money with tools that help them track their employees’ performance through its workforce management tools. PowerDMS has 135 employees and earns annual revenue of $19.6 million.
SmartCompliance’s compliance management software helps automate tasks to ensure operations are aligned and in compliance with the company client’s policies. SmartCompliance has 96 employees and earns annual revenue of $19 million.
MetaCompliance provides companies not only with policy management software but also staff training software that helps form employees to oblige with the company’s policies. MetaCompliance has 129 employees and earns annual revenue of $18.7 million.
Lockpath provides its clients with flexible digital governance and risk management software that brings powerful compliance results. Lockpath has 97 employees and earns annual revenue of $14.1 million.
LogicManager’s enterprise risk management software helps companies improve performance with its intelligent risk analysis. LogicManager has 69 employees and earns annual revenue of $10 million.
Is online policy management software a standalone product or a feature under other HR software?
Some online policy management software can be used as a standalone product, with specific tools that focus on creating and implementing company policies. Other online policy management software can be part of a feature of other HR software that integrates well with other HR software such as workforce management software, risk management software, HR compliance software, and many more.
How much does online policy management software cost?
Pricing for online policy management software can range from free to $185 per month, with custom pricing available for some software. Pricing for online policy management software varies depending on the features available and the intended target company. Small companies may benefit more from free or low-cost online policy management software, while large companies may benefit more from high-cost software.
With online policy management software, companies can have an easier time managing and implement company policies in their workforces. With this software, the company can set the standards of an ethical workforce and hold accountability wherever the situation calls for one.
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