Published 2 May 2023

10 Best Regulatory Change Management Software of 2023

people discussing and using a regulatory change management software

What is a Regulatory Change Management Software?

Regulatory change management software is a digital solution that helps companies anticipate, acquire, and implement changes in company standards, internal policies, or government regulations. By properly managing data, using robust analytics, and automating workflows, the platform ensures continued compliance across the company, especially in highly-regulated departments.

Importance

Regulatory change ensures the health and safety of all stakeholders and improves the industry’s sustainability. While this is admittedly one of the pain points of companies, there is no going around it. The best way to deal with this challenge is by utilizing the best regulatory change management software.

  • Updates internal policies effortlessly – Regulatory changes are always on the horizon and, often, pre-emptively announced to give companies time to prepare for it. Aligning company controls and policies with new regulations is easier with digitized data.
  • Disseminates information effectively – Getting everyone on the same page won’t be difficult when a system for quick communication, complete with collaborative tools is in place.
  • Identify relevant personnel for specific responsibilities – When processes are automated, pinpointing the right people for task delegation is much easier. Even documentation and reporting can be accomplished more efficiently with digital solutions.
  • Determines compliance – To ensure that the company seriously adheres to the changes, managers should track submissions, monitor activities, and conduct random inspections. These activities are made easier and more efficient with digital checklists.
  • Monitors efficiency and productivity – Aside from ascertaining that the company is abiding by new guidelines, managers can assess the effectiveness of the actions taken in optimizing the operations through analytics.

Key Features

Your company can be up-to-date and comply with new regulations and policies and competently plan to modify steps in operations if your regulatory change management software has the following:

  • Policy compliance management
  • Document management
  • Impact assessment
  • Real-time compliance monitoring and reporting
  • Issue identification and tracking
  • Alerts and notification
  • Collaborative and communication tools
  • Visibility into the regulatory office’s policy updates and modifications
  • Integration with other digital tools

Choosing the Right Regulatory Change Management Software

The ten digital solutions listed above, all fairly evaluated by numerous experts and relevant review sites, can provide your company’s needs when there are changes applied to local or national regulations. Here’s a quick look at the shortlist before you make your final choice.

Regulatory Change Management Software Free Version Paid Plan Mobile App
SafetyCulture Yes $19/user/month * Yes
ComplianceQuest No $30/user/month Yes
ROAR Platform No Available upon registration No
Ethics and Compliance Cloud No Quote-based No
ComplyGlobal Yes Available upon request No
MetricStream No Available upon request Yes
Resolver No Available upon request No
Corporater BPM No Available upon request No
PolicyHub No Available upon request Yes
VComply No $1,119/month Android only

*billed annually

Eunice

SafetyCulture staff writer

Eunice Arcilla Caburao

Eunice is a content contributor for SafetyCulture. A registered nurse, theater stage manager, Ultimate Frisbee athlete, and mother, Eunice has written a multitude of topics for over a decade now.

Eunice is a content contributor for SafetyCulture. A registered nurse, theater stage manager, Ultimate Frisbee athlete, and mother, Eunice has written a multitude of topics for over a decade now.