The regulatory landscape that governs organizations and companies is constantly evolving. It is dynamicĀ andĀ perhaps what is static is the change itself. There are pressures, there are problems, andĀ there are unforeseen incidents, all of which force every organization or company to adapt to changing regulations, standards, and laws.Ā Complying with them is not simpleĀ andĀ in many cases, it requires compliance software.Ā The questionĀ isĀ “Which vendor to choose?”
This article will answer that!
To choose, choose anything really, weĀ need to go through several considerations. In the case ofĀ choosingĀ a compliance software vendor,Ā there are several considerations thatĀ mustĀ be takenĀ toĀ chooseĀ the best one. Best here may be subjective but of course, there is someĀ kind ofĀ objective approach to judge it.
The following are some crucial points in choosing the best software vendor:
Broad coverage of all kinds of aspects that need to be complied with. Vendors worth choosing are those who have wide coverage of what needs to be complied with in the ecosystem of a particular business niche. If you are acting as the owner of a company, you would choose a vendor with the most comprehensive database of regulations, standards, and laws.
A customized solution is better at dealing with different scenarios. The easier a compliance solution is to customize to real situations, the better it is.Ā
Ease of use. Compliance software should be easy to use, even by laypeople. No matter how sophisticated it is, it will not be very useful if it is not simple to operate. Make sure you choose software that you do not have any difficulty with the operation.
Integration should be on the list. Integration is important because the compliance software you buy should integrate with the systems you already have, such as a document management system or enterprise resource planning system.
Timely updates will ensure that your company does not ignore a single regulation/standard/law, thereby ensuring that it will not be penalized (for such ignorance/violation).
Reputation. Would you buy compliance software from an unpopular vendor? Who doesn’t have a reputable client list? Reputation is certainly not everything but from reputation, we can at least judge whether a vendor is worth working with.
Nimonik has it all!
When one plans to choose the best compliance software vendor, a few names come to mind, and one of them is Nimonik inc., a popular compliance software vendor from Montreal, Canada. We have looked at some of theĀ importantĀ considerations aboveĀ andĀ based on our experience, we have tested some software actually, Nimonik is the best vendor.
Nimonik has the largest database of regulations, standards, and laws. Indeed, most modern industry niches are already covered by Nimonik, even forĀ difficultĀ fields such as oil & gas. Nimonik is also highly adaptive to the specific needs of each company. Nimonik’s compliance software is customizable and flexible. It allows users to customize their workflows quite easily.
Nimonik compliance software is also easy to use and has an intuitive interface that anyone can easily understand. There is no need to be an IT expert to operate it.Ā ItĀ is alsoĀ keptĀ updated regularlyĀ andĀ your company’s chances of overlooking a single regulation, standard, or law willĀ be significantly reduced.
Finally, Nimonik’s reputation can be illustrated byĀ the fact thatĀ companies like Adidas, Coca-Cola, and BayerĀ choseĀ it as their compliance software vendor.Ā Needless to say,Ā Nimonik is a compliance software vendor thatĀ is able toĀ pass the aboveĀ importantĀ considerations with flying colors.
