Best Policy Management Software

Policy management software creates, reviews, and implements corporate policies across all company departments. It helps ensure compliance with corporate standards on various issues.

Key features include:

• Customizable policy templates
• Review and approval of workflows
• Policy Repository
• Internal and external policy sharing
• Noncompliance identification
• Corrective action suggestions
• Performance monitoring

Compliance officers and executives primarily use policy management software and can be deployed standalone or as part of broader governance, risk, and compliance initiatives.

To qualify for the Policy Management category, a product must:

• Provide customizable policy templates
• Include review and approval workflows
• Deliver a policy repository
• Allow policy assignment and sharing
• Identify policy noncompliance
• Suggest corrective actions
• Monitor policy management performance

The core value proposition is enhancing corporate policy management by providing tools for policy creation, distribution, and compliance monitoring, thereby improving organizational governance and risk management.