Software categories and its purpose software#

There are certain industries, such as the healthcare industry and the financial sector, that are subject to additional regulatory oversight that impacts their technology. If a business utilizes technology, then it’s a virtual certainty that they are subject to IT-related laws and regulations.

Software categories and its purpose software#

IT compliance software platforms can bring a benefit to any company since technology has become an integral part of operations for nearly every organization. Who Uses IT Compliance Software Platform? SaaS platforms tend to be more popular both in terms of availability and desirability due to factors such as the cloud-based nature of the system, the subscription-type pay-as-you-go pricing and broad accessibility. As with most of today’s software offerings, you can choose between SaaS offerings and traditionally-licensed software. IT compliance software is available as a stand-alone platform or as part of a larger risk management software system. For example, most IT compliance software systems feature project management-type tools that allow users to formulate and track the company’s response once a compliance issue is identified. Alerts on new or modified laws and regulatory requirements.Īs the name suggests, this software is designed with the IT landscape in mind, although some of the tools are similar to what you might find in other risk management platforms.Continued monitoring of the regulatory landscape.Tools for monitoring the implementation of the aforementioned measures.Project planning-type tools for developing processes, policies and protocols to achieve or maintain compliance.Identification and tracking of what measures are necessary to achieve or maintain compliance.Tools for the evaluation of a company’s compliance with various laws and regulations.Identification of applicable regulations and laws via live feed, with information stored in a searchable database.The following is an overview of the typical IT regulatory compliance software functionalities. When it comes to the purpose of IT compliance software, these platforms are designed to support the management of all processes surrounding a company’s regulatory compliance (or lack thereof.) These software systems are targeted to IT- and technology-related regulatory compliance, so all feeds and regulation database information is tailored to this end. But what functionalities and features do these platforms include and how will they benefit your company? What is IT Compliance Software? – Types and Features The tools in an IT compliance software system can position an organization to succeed in their efforts to achieve and maintain regulatory compliance. In fact, many now regard IT compliance as a critical component of a company’s risk management strategy. IT compliance software - also called IT regulatory compliance software - has gained a great deal of popularity in recent years as companies become increasingly aware of their technology-specific regulatory requirements.