Top 5 Advantages of a Compliance Management Software

A digital solution to help revamp your regulatory compliance program

Reduce risks of non-compliance with a compliance software

A powerful tool that can give your compliance program the edge it needs.

A compliance management software is a digital solution used by many businesses to effectively monitor the performance of compliance tasks and to reduce the risk of costly and non-compliant processes. Acquiring a compliance management software enables your business to maximize the following advantages:

  1. Easily track completion of compliance tasks.
  2. With a compliance management software, compliance officers can finally focus better on developing high-value strategies, rather than tirelessly following-up on assigned compliance tasks.

    Through an automated workflow for completion of compliance tasks, actions can be assigned quicker, even while an audit is ongoing. The action can be assigned to another user with a priority level and due date, and they will be notified in real-time via email, text (SMS) or push notification. The assignee can then address the situation immediately, and compliance officers will be notified once this action has been completed.

    With this strategy, everyone will be held more accountable as performance metrics are reinforced to the assignee, while management will have improved capability to act against non-compliance in real-time.

  3. Empower staff in reporting compliance issues.
  4. A compliance management software allows anyone to conduct on-the-spot inspections and report compliance issues with their own mobile devices. This capability can help compliance officers to encourage employees to be more involved in their compliance program and report compliance issues while they’re still actionable.

  5. Streamline your regulatory compliance documentation process.
  6. Poor documentation is a major cause of non-compliance and all auditors know that this can lead to costly and stressful consequences.

    With a compliance software, you can say goodbye to the days of manual re-entry of data and opening up piles of binders just to locate a file. This technology solution can streamline compliance audits, wherein comprehensive reports are auto-generated after an audit. Records will also be backed-up in the cloud and emailed in seconds, instead of generating longer paper trails due to constant printing and filing of documents. With a safe and secure cloud storage, you can easily build a reliable digital compliance registry, where it's easier to retrieve old records and present them whenever needed.

  7. Leverage improved data quality to develop your decision-making process.
  8. More comprehensive reports means you will have a large amount of data in your hands. For compliance managers, this is an asset that must be taken care of and maximized. A compliance management software helps organize large amount of data and present it to you on the analytics dashboard. Easily identify gaps in your compliance program and devise plans on how to fill them in.

    To top that, the compliance software can also be integrated with other business systems (such as JIRA, Tableau, Power BI, and SharePoint) , which allows compliance data managers to conveniently push data between systems, rather than going through the hassle of manually organizing data into Excel sheets.

    Your company can leverage on this improved data quality and develop more strategic decisions that will improve your compliance program for the long-term.

  9. Significantly reduce risks of non-compliance with a safer working environment.
  10. When you are able to implement a compliance program that encourages accountability, saves time, and improves data quality for better decision-making, you can foster a working environment that is safer and reduce non-compliance. This can also result to better compliance audit performance, improved relationship with authorities, increased employee morale, and improved quality of products or services.

Experience all these benefits and more with the iAuditor Compliance Management Software

iAuditor, the world’s leading mobile inspection app, equips organizations with a reliable solution that can help them improve their compliance programs. Discover more what benefits this compliance management software can offer here.

Read about our client's story on using a compliance software

Read Use Case

Try the iAuditor Compliance Management Software for FREE

Get started