Top 8 Regulatory Reporting Software of 2024

Why use SafetyCulture?

Compliance officers, risk managers, and legal auditors can better ensure compliance across the organization with SafetyCulture. This top-rated digital solution allows companies to automate relevant processes, from actual safety and quality inspections to sharing digital files with stakeholders to substantiate their adherence to industry standards and government mandates. With the comprehensive tools offered in this platform, businesses can focus more attention on their operations and continued growth rather than getting bogged down by administrative paperwork for the authorities.

Features:

• Align with industry best practices in documentation during routine inspections or third-party audits with standardized templates and checklists from the Public Library.
• Demonstrate compliance by generating reports with photo and video attachments after conducting inspections or observing issues (e.g., hazards, risks, employee concerns, etc.) and store these in a digital repository for future review and sharing.
• Address instances of neglect or non-compliance by taking the most appropriate action and then reporting these to management immediately.
• Use data analytics on compliance checks, performance validations, and identified trends, especially when making changes or improvements to SOPs (standard operating procedures) and other guidelines.
• Disseminate information about updates on internal policies or new government regulations via Heads Up.

Why use ComplianceQuest?
Named a market powerhouse in the software industry, ComplianceQuest empowers companies to perform in accordance with the best practices and government mandates and, most importantly, helps them produce documentary evidence of their compliance. With this compliance reporting solution, businesses can focus on growth and innovation.

Features:

• Risk management review
• Nonconformance
• Training and LMS

Why use OneTrust?
This privacy management platform works doubly well as regulatory compliance and reporting software as it provides the business visibility into the operations, offers actionable insights, and allows them to establish evidence of their GRC, ESG, and ethics management.

Features:

• Data discovery, classification, and mapping
• Certification automation
• Third-party due diligence

Why use Workiva?

Designed specifically for risk managers, auditors, and legal teams, Workiva simplifies one of their most crucial tasks—financial, ESG (Environmental, Social, and Governance), and sustainability reporting. With the help of this digital solution, companies can stay on top of continuously evolving mandates and produce evidence for them.     

Features:

• Internal audit management 
• Reporting tools (SEC, tax, GRC, FERC, ESEF, etc.)
• Workflow checklists and templates

Why use REgEd?
Trusted by top financial firms and services globally, RegEd is an all-inclusive compliance management platform that helps companies efficiently manage all must-have documentation from SEC, FINRA, and similar industry regulators. This digital solution also updates businesses when regulatory changes come up and aids them in providing relevant courses, training, and certifications.

Features:

• Enterprise and employee compliance dashboards
• Regulatory change management
• Education and training suite

Why use Adenza?
Formerly AxiomSL by Thomas Bravo, Nasdaq’s Adenza is the global leader in financial systems. Aside from offering treasury and risk management solutions, they also aid companies in ensuring regulatory compliance through optimized validation and accurate reporting.

• Lineage and audit trail
• Regulatory submissions available in different formats
• Business rules and data dictionaries

Why use AbleDocs?
This digital accessibility provider works well for regulatory reporting as it helps companies organize, validate, and share volumes of compliance documents for different regulatory offices. Users can sign up for the entire suite or just choose a few modules for the job they need to accomplish.

Features:

• ADScan (automated document scanning tool)
• ADAudit (compliance assurance)
• ADStream (document review for change of management)

Why use SAS?
Backed by an array of risk management tools, including assessment, scoring, and reporting, SAS ensures that financial institutions and departments uphold accountability within the workforce and maintain transparency with stakeholders, particularly when it comes to strict regulations and standards.

Features:

• Enterprise stress testing
• Risk governance
• Asset and liability management