Regulatory and industry standards compliance software (Legal Registers)
Manage your compliance obligations from regulations, industry standards and internal documents such as permits and contracts.
An integrated compliance management software with regulatory database and industry standards
Regulatory and industry standards compliance software helps companies meet regulations by managing risks, creating audit trails, and ensuring data privacy. It simplifies compliance reporting with automated tools, reducing non-compliance risks and protecting businesses from penalties and reputational harm.
Nimonik’s compliance management software helps you centralize external requirements from regulations and industry standards along with your digital requirements from engineering documents, contracts, permits, policies and other documents. Following our systematic approach, you will determine what applies to you, identify compliance gaps and close issues with actions and audits. Nimonik’s compliance software solution allows you and your organization to stay on top of all your applicable requirements.
Determine applicability and compliance
Once documents are added to your Compliance Obligations Register, subject-matter experts can validate the applicability and compliance of the organization to the document. A record is stored in the Nimonik’s legal compliance audit software, for each assessment, creating a complete audit trail of your compliance process.
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Add your own documents and extract digital requirements
Easily add your documents to Nimonik. Nimonik’s algorithms and technology parse the documents and extract obligations and requires which are added to your register. Actions and responsibilities for meeting permit requirements, corporate policies or other internal documents can then be assigned.
Once your comprehensive Compliance Obligations Register is built, your team can begin to assess applicability and compliance. You can link internal engineering documents back to regulations and standards.
Risk rank obligations
No organization can tackle all compliance obligations at once. Nimonik risk management software allows our clients to use a risk matrix to rank and prioritize the risk that your organization faces for each compliance obligation.
Once risk has been quantified, you can reduce it with internal controls and documentation.
Link obligations to internal controls
Compliance obligations can be connected to control measures, policies, procedures, people, teams and reporting dates. These controls allow you to dramatically reduce the risk of non-compliance.
With risk mitigation in place, you can identify the residual risk and present an accurate compliance profile to management.
Issue actions to come into compliance
Create one-off or repeating actions based on your compliance obligations. All actions and their completions create an audit trail for management and external parties.
Receive actions when regulations and standards change
Nimonik’s regulatory analysts and AI software monitor thousands of government and industry publications every day. Nimonik issues actions to your team when relevant documents are published or documents change.
Review new and changed documents from regulators and standard bodies to ensure your team is always ready.
Compliance and action status reports
Generate reports for colleagues, management, and auditors. Nimonik offers instant reports to identify areas of concern and help follow-up with colleagues, contractors and other stakeholders.
Report on action completion, identify overdue actions, and track progress towards comprehensive compliance.
Nimonik covers regulations and standards for a variety of Topics and Industries.
Please note that Nimonik is used by companies in all industries. The industries listed below are just examples. Contact us to determine if our services can benefit your organization.
- Automotive and electric vehicle components
- Consultants
- Facilities Management
- Food and Beverage Production
- Government and public bodies
- Logistics
- Mining and Metals Processing
- Oil & Gas – Upstream and Downstream
- Oil & Gas – Midstream / Pipelines
Nimonik Regulatory and Standards Sources
- Legislators
- Regulatory Agencies
- Standards Development Organizations (SDOs)
- News & Media
Nimonik Regulatory Topics
- Environmental (ISO 14001)
- Health and Safety (ISO 45001)
- Cyber-Security and Data Privacy (ISO 27001)
- Environmental, Social and Governance (ESG)
- Industrial Relations and Human Resources
- Security and Public Safety
- Financial and Insurance Compliance
- Professional Conduct, Quality Management
- Public Health (Food, Disease, Other)
- Energy Management (ISO 50001)
- Quality Management (ISO 9001)
FAQ
To select regulatory compliance management software for your business, consider factors like industry-specific requirements, scalability, flexibility, integration capabilities, reporting features, vendor reputation, and customer support.
Best practices for regulatory compliance management include creating a compliance culture, conducting risk assessments, implementing robust policies and procedures, providing employee training, maintaining accurate documentation, and monitoring compliance activities.
Regulatory compliance management software helps reduce risks by providing real-time monitoring and alerts, ensuring adherence to regulations, centralizing data and documentation, facilitating risk assessments, and generating comprehensive reports.
Key features to look for in regulatory compliance management software include regulatory data in a comprehensible format, compliance tracking and monitoring, risk assessment, flexibility along with reporting capabilities and integration into other platforms.
Regulatory compliance management software improves transparency in business operations by centralizing compliance information, tracking and documenting compliance activities, providing real-time visibility into compliance status, generating audit trails.
