The Best 15 Enterprise Compliance Solutions Tools of 2024

Corporate compliance programs have long been viewed as necessary but costly operations. However, that line of thought is starting to shift. In today’s landscape, companies are discovering that a strong compliance framework can actually drive value and generate revenue, particularly in the eyes of consumers and employees.

The Shift Toward Revenue-Positive Compliance

A 2023 study by Todd Haugh and Suneal Bedi from Indiana University’s Kelley School of Business offers groundbreaking insights into how compliance can create positive value beyond traditional risk management. Their research, based on sophisticated marketing techniques like choice-based conjoint analysis, shows consumers are willing to pay more for products from companies with solid enterprise compliance programs. For example:

• Privacy and cybersecurity compliance: In the study, consumers preferred mobile phones from companies with robust cybersecurity measures over other features like the device’s color.
• Health and safety compliance: When purchasing products like furniture, potential buyers valued employee health and safety compliance more than less intuitive compliance areas like cybersecurity.

This shift toward compliance-centered consumer preferences isn’t just a trend among older generations. According to Deloitte’s 2024 research on Gen Z workers, 55% of job prospects from this generation research a company’s environmental impact and policies before accepting a job. Additionally, 44% of them have rejected employers due to poor environmental compliance. For B2B companies, this translates to a key differentiator: businesses that focus on compliance, particularly environmental and health-related aspects, can attract top-tier talent and retain employees.

To make the right choice, businesses need to evaluate several key factors. Here’s what to consider when choosing an enterprise compliance management solution:

What Should an Enterprise Compliance Solution Do for You?

1. Ensure Multi-Industry Compliance

Compliance isn’t a one-size-fits-all situation. Your enterprise compliance tools should address the specific regulatory needs of your industry—whether it’s financial services, healthcare, manufacturing, or technology. 

Does your solution support the regulations that matter most to you?

2. Provide Comprehensive Risk Management

Risk management is a core component of any compliance program. A good compliance solution should enable you to assess, monitor, and manage risks in real time. 

Does the enterprise compliance platform offer risk assessment capabilities, allowing you to identify compliance gaps and act on them preemptively?

3. Automate Compliance Processes

Automation is crucial to reduce the administrative burden on your teams. From tracking compliance changes to managing audits, automation ensures that nothing falls through the cracks. 

Is your solution equipped with workflow automation to ensure efficient compliance monitoring?

4. Offer Integration with Existing Tools

Compliance is a function that spans many areas of your business. A good solution should seamlessly integrate with your existing CRM or GRC systems. Can your platform connect with other critical business systems, ensuring a smooth flow of compliance data?

5. Deliver Actionable Reporting and Insights

Compliance is more than ticking boxes—it’s about understanding where your risks lie and how you manage them. Your solution should offer robust reporting tools that provide clear insights into your compliance status and help you identify areas for improvement. Does the tool offer customizable dashboards and automated reports?

Enterprise Compliance Tools: Top 15 Solutions of 2024

1. Centraleyes

Centraleyes offers a robust GRC platform to simplify complex compliance processes for large enterprises. It provides comprehensive oversight, automated risk management, and customizable compliance tracking. Some of the standout features that set Centraleyes apart include:

• Integrated Risk Management: Risk assessments are built into compliance workflows, ensuring that your enterprise compliance risk management strategy measures target real threats, not just regulatory requirements.
• Advanced Risk Register: Maps directly to compliance controls, providing a clear view of risks and helping prioritize actions for better decision-making.
• Real-Time Insights: Centraleyes delivers a comprehensive overview of your risk and compliance posture, empowering midmarket and large businesses to stay ahead of emerging threats.
• Over seventy risk and compliance frameworks are built into the platform, including DORA, NIS2, and updated U.S. state privacy laws.

Centraleyes provides more than just the usual bells and whistles for organizations seeking a strategic, risk-informed approach to compliance. It ensures that compliance is meaningful and tightly integrated with risk management, making your cybersecurity and compliance efforts effective and proactive.

User Experience: Centraleyes empowers users to confidently tackle real risks with an intuitive, streamlined interface. 

2. Archer

Archer’s solution is designed for enterprise-scale compliance management, providing automation and a centralized repository for regulatory data.

• Automation of compliance workflows and controls testing
• Centralized repository for regulatory data
• Scalable and flexible to grow with the organization

User Experience: Users value Archer for its ability to automate repetitive tasks and maintain consistency across large networks. The platform’s scalability is frequently highlighted as a key strength.

3. HighBond by Diligent

HighBond consolidates audit, compliance, risk, and security management into a single platform, with real-time data collection and reporting.

• Centralized dashboard for workflow management
• Real-time compliance monitoring and reporting
• Integration with various compliance frameworks

User Experience: Users find HighBond’s real-time reporting and centralized dashboard invaluable for managing compliance across diverse regulatory requirements. Automation of compliance updates and testing is a major plus.

4. Hyperproof

Hyperproof provides an end-to-end compliance management solution with strong integration capabilities, supporting frameworks such as SOC 2, ISO 27001, and GDPR.

• Automated compliance and evidence collection
• Customizable frameworks and real-time notifications
• Integration with project management and cloud applications

User Experience: Users appreciate Hyperproof’s seamless integration with other tools and its automated approach to compliance management. The platform’s ease of use and real-time notifications help streamline compliance processes.

5. Ncontracts

Ncontracts is tailored for financial institutions, offering extensive regulatory document libraries and automated compliance management.

• Library of regulatory documents and rules
• Automated alerts for regulatory changes
• Integrated complaint management and reporting

User Experience: Financial institutions appreciate Ncontracts for its comprehensive document library and automated updates. Users find the platform’s ability to streamline compliance management and reporting particularly beneficial.

6. Resolver

Resolver delivers a comprehensive GRC management solution that automates regulatory change management and minimizes compliance fatigue.

• Automated policy and setting changes
• Advanced visualization and reporting tools
• Integration with various compliance regulations

User Experience: Users value Resolver’s automation of compliance tasks and its ability to visualize risks and compliance status. The platform’s reporting capabilities and ease of sharing information among teams are frequently mentioned as strengths.

7. SAP GRC

SAP’s solution offers extensive capabilities for managing compliance and cybersecurity across diverse industries, with real-time threat detection and automated compliance controls.

• Real-time monitoring and threat detection
• Automated compliance controls and reporting
• Integration with global trade compliance

User Experience: SAP GRC is praised for its comprehensive features and real-time monitoring capabilities. Users find its integration with various compliance frameworks and its ability to handle large-scale environments particularly useful.

8. Thoropass

Thoropass streamlines compliance through automation and centralized management of tasks and audits. It supports frameworks like SOC 2 and GDPR, and offers automated evidence collection.

• Continuous compliance monitoring and alerts
• Seamless audit management and evidence collection
• Broad integration options and customizable tools

User Experience: Users appreciate Thoropass for its streamlined approach to compliance and its ease of use during audits. The platform’s automation and integration capabilities are frequently highlighted as key benefits.

9. Workiva

Workiva integrates financial reporting, ESG, audit, and risk management into a cohesive platform. It automates compliance tasks and offers centralized dashboards for real-time tracking.

• Real-time compliance tracking and automation
• Centralized dashboards for reporting and collaboration
• Integrated tools for SOX compliance and risk management

User Experience: Users find Workiva’s centralized dashboard and automation features beneficial for managing complex compliance tasks. The platform’s ability to improve collaboration and data accuracy is often praised.

10. LogicGate Risk Cloud

LogicGate provides a customizable GRC solution designed for enterprise-level compliance management. It offers automation for compliance processes and real-time data analytics.

• Customizable templates and automation tools
• Real-time data analytics and reporting
• Scalable to meet evolving enterprise needs

User Experience: Users appreciate LogicGate’s flexibility and customization options. The platform’s ability to automate compliance processes and provide real-time insights is frequently mentioned as a major advantage.

11. MetricStream

MetricStream is an enterprise-grade GRC platform that supports a wide range of industries. It offers integrated compliance management with strong reporting capabilities and automation features.

• Integrated GRC platform with comprehensive reporting
• Supports multiple industry-specific compliance frameworks
• Automation of compliance controls and processes

User Experience: MetricStream is praised for its robust integration and reporting capabilities. Users find its ability to manage diverse compliance frameworks and automate processes particularly beneficial.

12. OneTrust

OneTrust focuses on data privacy and compliance management, offering extensive support for frameworks like GDPR and CCPA. It provides automation and integration with existing enterprise systems.

• Comprehensive data privacy and compliance management
• Automated data inventory and monitoring
• Integration with existing systems for seamless operations

User Experience: Users appreciate OneTrust’s focus on data privacy and its automation features. The platform’s integration capabilities and ease of managing global privacy laws are frequently highlighted.

13. Vanta

Vanta simplifies SOC 2 and ISO 27001 compliance through automation, offering tools for evidence collection and compliance monitoring.

• Automated evidence collection and compliance monitoring
• Integration with major cloud services and tools
• Customizable compliance workflows and alerts

User Experience: Users find Vanta’s automation and ease of use particularly helpful for managing compliance tasks. The platform’s integration with cloud services and its straightforward approach to SOC 2 and ISO 27001 are frequently praised.

14. Drata

Drata provides continuous compliance monitoring and automated evidence collection for SOC 2, ISO 27001, and other frameworks. It offers real-time compliance status and integrations with popular tools.

• Continuous compliance monitoring and automated evidence collection
• Real-time compliance status and alerts
• Integration with various tools and platforms

User Experience: Users appreciate Drata’s continuous monitoring and updates on real-time compliance statuses. The platform’s ability to automate evidence collection and integrate with popular tools is frequently highlighted as a major advantage.

15. ZenGRC

ZenGRC simplifies compliance management with automated workflows and centralized dashboards. It supports frameworks like SOC 2 and ISO 27001, offering real-time insights and integration with major cloud services.

• Centralized compliance management and real-time tracking
• Automated workflows and integration with cloud services
• Customizable dashboards and reporting tools

User Experience: Users of ZenGRC appreciate its simplicity and automation capabilities. The platform’s ease of integration with cloud services and real-time compliance tracking are often noted as significant benefits.

The Bottom Line: Compliance Drives Value

What Haugh and Bedi’s research ultimately reveals is that compliance is no longer just a back-office concern or a defense mechanism for avoiding penalties. In a rapidly evolving corporate landscape, compliance can serve as a competitive advantage—both in B2B and B2C environments—driving higher consumer loyalty and trust, boosting revenues, and attracting top talent. Investing in the right enterprise compliance management solutions, such as those listed above, enables organizations to go beyond mere regulatory compliance and generate true value for stakeholders.

As the role of compliance continues to evolve, companies that proactively manage their compliance programs can avoid penalties and unlock new revenue streams and competitive advantages in the marketplace.

Book a demo today to see how Centraleyes can boost your corporate compliance program.