9 Best Regulatory Compliance Software

Regulatory Compliance Software

Regulatory compliance and red tape are something that many organizations struggle to manage. Staying up-to-date with the changes in regulations and systematically mitigating vulnerabilities in an organization is exhaustive progress. Regulatory compliance software can help to make this easier by enabling you to manage compliance tasks on a centralized basis.

In this article, we’re going to look at the 10 best regulatory compliance software. As part of our comparison, we’re going to include log management tools for security and user agent monitoring, auditing software, and compliance management software for Windows, Mac, and Linux.

Here is our list of the 9 best regulatory compliance software:

  1. SolarWinds Security Event Manager (FREE TRIAL) – Event log management software for monitoring logs, user activity, with real-time event correlation.
  2. ManageEngine EventLog Analyzer – Log management tool with log collection, an event correlation engine, real-time alerts, compliance reports, and more.
  3. AuditBoard – Audit, risk, and compliance management software with risk assessments, automated workflows, role-based dashboards, and more.
  4. LogicGate – Risk management software with conditional task workflows, dashboards, custom reports, automated reminders, and more.
  5. Netwrix Auditor – Network auditing program for running risk assessments with automated alerts, user activity monitoring, and more.
  6. Workiva Wdesk – Cloud-based compliance and reporting tool with data-linking from documents and spreadsheets, collaboration, user permissions, change auditing, and more.
  7. MyEasyISO – Cloud-based compliance management software for ISO compliance with a library of compliance requirements, document management, and more.
  8. ZenGRC – GRC software for managing risks and compliance with a compliance dashboard, issue tracking, risk calculations, reporting, and more.
  9. Compliancy Group HIPAA Compliance Software – HIPAA Compliance software with HIPAA assessments, automated training, HIPAA compliance seal of approval, breach support, and more.

The Best Regulatory Compliance Software 

1. SolarWinds Security Event Manager (FREE TRIAL)

SolarWinds Security Event Manager

SolarWinds Security Event Manager is an event log management solution that can collect logs from throughout your network. SolarWinds Security Event Manager provides centralized log management enabling you to monitor IT system logs in real-time. Managing logs enables you to monitor user activity and identify security events.

For example, you can monitor login events and see when certain users are acting suspiciously. Real-time event correlation can automatically identify suspicious patterns, which could indicate a cyber attack. Automated responses enable the program to respond to security threats automatically.

Alerts keep you updated on security events throughout your environment. For further information, you can use compliance reports, that come with pre-configured templates for regulations including HIPAA, SOX, and PCI DSS. There are over 300 report templates in total, and reports can be customized to display whatever information you require.

SolarWinds Security Event Manager is suitable for identifying compliance risks and security events within an enterprise environment. Prices start at $2,525 (£2,025). It is available for Windows, macOS, and Linux. You can start the 30-day free trial.

Key features:

  • Centralized log collection
  • Customizable reports
  • Real-time event correlation
  • Alerts

SolarWinds Security Event Manager Download 30-day FREE Trial

2. ManageEngine EventLog Analyzer

ManageEngine EventLog Analyzer

ManageEngine EventLog Analyzer is a free log management tool that enables you to collect and monitor logs throughout your environment. ManageEngine EventLog Analyzer comes with a correlation engine you can use to detect potential cyberattacks that put your data at risk.

When a significant event is discovered, ManageEngine EventLog Analyzer sends an email or SMS notification to notify the user. Alerts are categorized as high, medium, or low so the recipient can ascertain the severity of the event. You can choose from over 500 predefined alert criteria or create custom alerts.

The software also comes with a wealth of compliance reports preconfigured for regulations such as SOX, PCI, GLBA, HIPAA, FISMA, ISO 27001, GPG, ISLP, and more. Reports display information on activities like user logins, logoffs, changes to databases, and more. Reports can also be customized according to your requirements.

ManageEngine EventLog Analyzer is a match for companies that need a log management tool with compliance reporting. There is a free version that supports up to five log sources. To view pricing information for the paid versions you need to contact the company directly to request a quote. You can download the program for Windows and Linux from this link here.

Key features:

  • Collect and monitor log data
  • Event correlation engine
  • Customizable compliance reports
  • Real-time alerts

3. AuditBoard

auditboard

AuditBoard is an audit, risk, and compliance management tool that can be used to manage internal controls. AuditBoard users can prepare for compliance for regulations such as SOC, NIST, PCI, FINRA, GDPR, and more. You can use the tool to create control frameworks and complete compliance assessments.

Assessments allow you to measure your compliance status so you can see if there are any gaps you need to address. Role-based dashboards make it easier to divide compliance tasks among your employees and speed up the resolution of issues throughout your environment.

To manage risks within your environment, you can identify issues and assign them to remediation owners for review. You can then track the status of these weaknesses to make sure that they’re resolved. When it comes to implementing policies, you can use the software to create policies and automated reviews with workflows.

AuditBoard is a solution for enterprises that require a centralized tool for running risk assessments and managing compliance gaps. To view pricing information you need to contact the company directly for a quote. You can request a demo from this link here.

Key features:

  • Create controls frameworks
  • Run risk assessments
  • Issue management
  • Automate workflows
  • Role-based dashboards

4. LogicGate Risk Cloud

LogicGate Screenshot

LogicGate Risk Cloud is a GRC platform for mitigating security risks. With LogicGate Risk Cloud you can monitor compliance procedures through a single user interface. The platform provides conditional workflows so that you can manage the status and priority of tasks automatically, which helps you to choose which gaps to address first.

Through the dashboard, you can monitor information on deadlines, task resolution, and evidence collection. To make task management more efficient, LogicGate Risk Cloud comes with automated reminders that notify the owners of tasks when they need to respond to a document by uploading evidence or signing-off on it.

Customizable reports enable you to monitor your compliance standing with ease. Reports also help you to prepare for auditing with an audit trail of completed tasks that verify you’ve taken action to secure your internal processes.

LogicGate Risk Cloud is recommended as regulatory compliance software for enterprises in the market for a risk management tool. For pricing information, you need to contact the company directly to request a quote. You can request a demo from this link here.

Key features:

  • Conditional task workflows
  • Dashboards
  • Custom reports
  • Automated reminders

5. Netwrix Auditor

Netwrix Auditor

Netwrix Auditor is an auditing program that can be used to complete risk assessments. Running a risk assessment with Netwrix Auditor provides you with a catalog of risks throughout your environment. Risks you can identify include inactive user accounts, user accounts with administrative permissions, file names containing sensitive data, and potentially harmful files on file shares.

All risks are assigned a risk level so you can see the most prominent compliance gaps with ease. A range of views help you to manage different compliance risks. For example, the Sensitive Files Count by Source viewallows you to see the number of files that contain sensitive data.

Automated alerts notify you about any suspicious activity so that you can respond before damage is done to your environment. You can even view an overview of an individual’s activity alerts alongside their risk score, which is useful for determining if there is a long-standing history of malicious activity. You can also monitor user activity to see what users were up to during user sessions.

Netwrix Auditor is a fit for enterprises that need to prepare for auditing and proactively manage security risks. Prices start at $1,890 (£1,515) per year for up to 150 Active Directory Users, up to 10 Windows servers, and 10TB of Windows File Servers data. You can start the 20-day free trial from this link here.

Key features:

  • Run risk assessments
  • Automated alerts
  • User activity monitoring

6. Workiva Wdesk

Workiva Wdesk

Workiva Wdesk is a cloud-based compliance and reporting solution that you can use to link data from documents and spreadsheets. Workiva Wdesk makes it possible for teams to come together and collaborate on documents while automatically updating changes across all instances (if those changes were made at the source).

To help keep collaboration secure, you can set user permissions and view audit trails of changes made to documents to identify who has been responsible for what. Managing documents is made easier with features like workflows, which allow users to assign tasks like reviews, approvals, and requests to others.

Workiva Wdesk is suitable for enterprises in search of a compliance and reporting tool to manage sensitive documents. To view information about pricing, you need to contact the company for a quote. You can request a demo from this link here.

Key features:

  • Link and automatically update data from documents and spreadsheets
  • View version history of document changes
  • Task workflows

7. MyEasyISO

MyEasyISO

MyEasyISO is a cloud-based compliance management tool for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 compliance. With MyEasyISO you can monitor ISO compliance with a predefined library of compliance requirements. In one location, you can monitor all the regulatory requirements you need to conform to avoid non-compliance.

To manage risks in your environment, you can use MyEasyISO’s audit management capabilities to create audit checklists and generate reports. Reports can be distributed to other users for review and approval. Auditing your environment with the software provides you with an audit trail of controls used in your environment.

Document management allows you to create, distribute, and manage documents on a centralized basis. You can not only create and track tasks to manage documents but also manage approvals, ensuring that key documents are given the go-ahead.

MyEasyISO is a tool that’s worth evaluating if you’re looking to manage ISO compliance tasks through a single solution. Prices start at $29 (£23.25) per month for a two-year plan of the Light Version with two users, 200mb of database storage, and 1GB of file storage. You can download the 30-day free trial from this link here.

Key features:

  • Predefined library of compliance requirements
  • Audit management
  • Reports
  • Document management

8. ZenGRC

ZenGRC

ZenGRC is a GRC platform that can be used to manage risks and compliance issues throughout your environment. ZenGRC enables the user to manage compliance through a Compliance Dashboard that displays the audit readiness of your organization for each different program such as SOC 1 or ISO/IEC 27001:2013. You can also view a widget on the Top 5 Issues in your environment, which helps to prioritize remediating the most severe risks first.

To streamline the resolution of issues found, ZenGRC allows you to assign issues to other employees. You can then track those issues to see whether they’ve been resolved or not. Tasks can be tagged to determine which should be prioritized, ensuring that the biggest threats are identified and resolved quickly.

Customizable risk calculations allow you to identify the severity of threats throughout your environment. You can also use customizable reports to take a closer look at your overall risk status. For more general compliance management, ZenGRC allows you to upload frameworks, objectives, and controls. Putting all of your requirements in one place makes it much easier to manage your overall compliance.

ZenGRC is ideal for enterprises that want to view a snapshot of compliance status, including audit readiness across multiple frameworks. For pricing information, you need to request a quote from the company directly. You can also schedule a demo from this link here.

Key features:

  • Compliance dashboard
  • Risk calculations
  • Assign and track issues
  • Upload frameworks, objectives, and controls
  • Customizable reports

9. Compliancy Group HIPAA Compliance Software

Compliancy Group HIPAA Software

Compliancy Group HIPAA Compliance Software is a HIPAA compliance tool you can use to manage HIPAA compliance. With Compliancy Group HIPAA Compliance Software you can run six HIPAA assessments to identify compliance gaps: Security, Administrative, Technical, Physical, Privacy, and Device.

Complying with HIPAA provides you with a HIPAA compliance seal of approval you can use on your website. The solution also comes with access to automated training resources for employees. A reporting feature enables you to track the status of training for individual employees and see when the training was completed.

In the event there is a breach, Compliancy Group’s Breach Support will provide you with a team of compliance coaches who will advise you on how to respond effectively. They will also provide reports and documentation to ensure you provide regulators with all the necessary information about a security incident.

Compliancy Group HIPAA Compliance Software is a solution fit for enterprise users subject to the requirements of HIPAA. For pricing information, you need to contact the company directly to request a quote. You can get a demo from this link here.

Key features:

  • Run six HIPAA compliance assessments
  • Track and report security incidents
  • Automated employee training
  • Breach support

Choosing Regulatory Compliance Software 

Going the ad-hoc route for managing regulatory compliance is a tough road to travel. Without a specialized compliance management solution, it can be very difficult to identify and resolve security threats effectively. It’s often much easier to adopt a specialized solution in the form of regulatory compliance software.

Not all compliance tools are built the same, so we recommend researching products so you can find the best fit for your environment. If you want to manage security events and create compliance reports then SolarWinds Security Event Manager is a good place to start.

However, if you want to monitor compliance status across multiple solutions then ZenGRC is a highly accessible alternative. No matter what tools you investigate we recommend conducting in-depth research on multiple products to ensure you get the best fit for your organization.

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