What is Regulatory Compliance Software?
Regulatory compliance software is a software solution for companies struggling with rapidly changing legal requirements. Regulatory compliance software is used in a wide variety of industries, including the accounting, environmental, and medical fields. Many industries are heavily regulated by their home government, and complying with these regulations can be difficult as it involves a great deal of paperwork and a knowledge of constantly evolving regulations. Software companies respond to a demonstrated need and create regulatory compliance software to assist companies and make them more efficient. Regulatory compliance software is especially vital for the medical industry, transparent accounting practices, and companies which deal with environmental hazards. The software is designed to manage and organize data so that companies can quickly access it, giving auditors access to company records along with proof that the company is complying with legal mandates. Additionally, it helps to
