Regulatory Compliance Software: Features, Use Cases, and How to Evaluate It

Regulatory compliance software helps organizations organize regulatory obligations, map requirements to controls, assess compliance, collect evidence, manage issues, and monitor remediation.

Direct Answer

Regulatory compliance software supports the ongoing management of legal, regulatory, and internal compliance obligations. Common capabilities include regulatory requirement management, obligation mapping, control mapping, assessments, evidence management, issue remediation, workflows, alerts, reporting, dashboards, and audit trails.

The right solution depends on the organization's jurisdictions, regulatory exposure, business processes, control environment, and operating model.

What regulatory compliance software does

Compliance teams often need to track requirements from multiple sources and determine which processes and controls address them.

A compliance platform can create a structured relationship between an obligation, applicable requirement, responsible owner, relevant control, supporting evidence, assessment result, and remediation action.

This traceability reduces duplicated work and makes compliance status easier to monitor.

Core features

Regulatory requirement management

The software should maintain a structured inventory of applicable requirements and obligations. Useful capabilities include ownership, applicability, jurisdiction, effective dates, review status, and lifecycle management.

Compliance mapping

Mapping connects requirements with policies, controls, processes, risks, systems, and evidence.