Changes in regulations and other areas are standardized in every company. Changes in the law that affect company regulations occur now and then, or the board of directors decides to make changes to improve specific areas. Since employees must adapt quickly to change, you will require regulatory change management software to achieve this.
15+ Regulatory Change Management Software
1. LogicGate Risk Cloud
10. BridgerInsight XG
12. IBM OpenPages with Watson
14. Veeva Vault QMS
16. Veeva Vault RIM
What is Regulatory Change Management Software?
Changes in company regulators can take up much time to adapt and announce. A company can contain hundreds of employees. Thinking about that number makes it challenging to execute changes and achieve quick adaptation. For this reason, experts developed regulatory change management software to help you acquire critical information about the risks and other potential complications you may face. Regulatory change management software provides innovative features and functionalities that can demonstrate dashboards and other vital aspects that will help you understand the strengths and weaknesses of your regulatory changes. Regulatory change management software manages the workflows, documents, and analytics needed to keep businesses up to date on the most recent regulatory changes.
Regulatory change management software offers numerous benefits and advantages to your change management. As we all know, manual processes can take too much time and is a lot of work. With regulatory change management software, you can lessen the stress from manual processes. Such a tool provides advanced features that can assist you in acquiring accurate data analysis.
Various technology firms that provide regulatory change management software offer numerous innovative features and functionalities. Indeed, the software is contributive and provides convenient methods. However, you have to put in mind that some platforms can not meet your expectations. This being the case, you will need to research software capabilities to evaluate whether it is worth it to buy or not. You can read reviews and ratings about the pros and cons of the software. The following are a few features that most users find valuable:
- Access Controls/Permissions
- Alerts / Escalation
- Configuration Management
- Business Dashboard
- Maintenance Scheduling
- Mobile Access
Top 10 Regulatory Change Management Software
1. IBM OpenPages with Watson
IBM OpenPages with Watson from IBM shares data riven insights, build trust in AI models, end-to-end data governance, categorize and map risks, and offers more valuable features. IBM has annual revenue of $73 billion and 345,900 employees.
SAI360 from SAI Global includes EHS and sustainability, compliance management, enterprise and operational risk management, ethics and compliance learning, and more innovative features. SAI Global has annual revenue of $403.1 million and 2780 employees.
3. BridgerInsight XG
Bridger Insight XG from LexisNexis includes risk management, compliance tracking, audit management, and more advanced features. LexisNexis has annual revenue of $1,660.1 million and 11,449 employees.
4. Veeva Vault QMS
Veeva Vault QMS includes content management, digital asset management, document management, information governance, and many more advanced features. Veeva has annual revenue of $667.3 million and 4,602 employees.
Certent developed by insightsoftware includes compliance tracking, risk management, workflow management, audit management, and more advanced features. Insightsoftware has annual revenue of $118.2 million and 815 employees.
DataTracks includes financial reporting, audit trail, income and balance sheet, profit/loss statement, and more helpful features. DataTracks has annual revenue of $77.7 million and 370 employees.
Ncontracts includes internal controls management, IT risk management, offboarding, operational risk management, and more advanced features. Ncontrols has annual revenue of $36.3 million and 250 employees.
8. LogicGate Risk Cloud
LogicGate includes an activity dashboard, activity tracking, API, data visualization, real-time data, and many more innovative features. LogicGate has annual revenue of $31.2 million and 215 employees.
MyEasyISO from Effivity Technologies includes air management, complaint management, corrective and preventive actions, business process control, and more valuable features. Effivity Technologies has annual revenue of more than $5 million and more than 25 employees.
VComply includes compliance management, customizable reports, document storage, workflow management, and more valuable features. VComply has annual revenue of $4.9 million and 34 employees.
What is regulatory change management?
Regulatory change management, as the name implies, is the process of managing the changes that your organization plans to implement or has already implemented. High-quality management can help you execute reliable risk management leading you to know future consequences either regarding finances or operational efficiency. Regulatory change management ensures that all critical aspects are stabilized and balanced.
What is the significance of regulatory change management?
From time to time, companies implement changes that are for the better of their business operations. Of course, changes affect all the factors of the company. That is why reliable and high-quality change management is essential. It helps you understand potential risks that changes can trigger, leading you to prepare or even prevent them before such risks happen.
Is regulatory change management software advantageous?
Manual processes are time-consuming, a lot of works, and can even give inaccurate results. On top of that, overlooks tendencies is not impossible. With regulatory change management software, you can lessen your worries. Such a tool helps with documents, statistical analysis, and other more critical aspects you need to know.
Change is not something you can adapt quickly and let it be. Change can affect operational factors in your company. That is why reliable and flawless regulatory change management software is essential to help you implement changes and ensure that these changes do not cause a negative impact; instead, it is a road to development.
14+ Best Identity Management Software for Windows, Mac, Android 2021
10+ Best OEE Software for Windows, Mac, Android 2021
9+ Best Supply Chain Collaboration Software for Windows, Mac, Android 2021
14+ Best Order Management Software for Windows, Mac, Android 2021
7+ Best Medical Compliance Software for Practices for Windows, Mac, Android 2021
16+ Best Mortgage Software for Windows, Mac, Android 2021
17+ Best Application Performance Management Software for Windows, Mac, Android 2021
14+ Best Meeting Room Booking Software for Windows, Mac, Android 2021
23+ Best Vendor Security and Privacy Assessment Software for Windows, Mac, Android 2021
15+ Best Org Chart Software for Windows, Mac, Android 2021
17+ Best Corrective and Preventive Action (CAPA) Software for Windows, Mac, Android 2021
10+ Best Revenue Management Software for Windows, Mac, Android 2021
11+ Best Print Management Software for Windows, Mac, Android 2021
16+ Best Push Notifications Software for Windows, Mac, Android 2021
10+ Best Sports League Management Software for Windows, Mac, Android 2021