The Buyer's Guide to Compliance Software
Updated: Jul 20, 2022
The right software can save you time and money on your training program–here's what to look for.
Many companies these days are looking for software-based training solutions to help with their compliance needs–and for good reason. Conducting in-person training or building your own online training are great ideas in theory, but they can take a lot of time and effort to create and maintain. Compliance software, on the other hand, can save time, effort, and money for teams of all sizes. But with so many options on the market now, how do you find the best one for you and your company? We cover the high-level points below, but if you're interested in the full buyer's guide to compliance software, check out our Measuring Real Impact report!
There are four main things to consider when shopping for compliance training software:
✅ Automated Training Assignment
Getting employees on the proper training program should be as easy as flipping a switch, and with the right compliance software, it is. Modern teams should expect compliance software to have automated assignments that connect with the company HRIS (Human Resource Information System), which can help with onboarding new hires. Bonus points if the software can assign training based on risk, regardless of the HRIS data, and it can check on people who are falling behind. Sometimes, just getting someone enrolled in a course is 95% of the battle; good training software should take care of it for you.
✅ Configurable, Consistent Content Coverage
In a dream company, compliance training would be custom-written for each of us and would be re-written daily (or, with this news cycle, hourly) to keep content fresh. Unfortunately, keeping an army of writers and lawyers on retainer is a bit over budget than most companies have these days. That's where configurable content comes in.
Configurable (as opposed to "custom") training content gives you the opportunity to add in your own policies, notes from administrators, and other things that are important to your company. Training content that is consistent with your branding and other company communications is extra helpful in driving home key lessons.
✅ Delivery Done Right
Training software should meet employees where they are. When training is delivered to employees on a platform where they are already spending time or paying the most attention, such as directly to their inboxes or Slack groups, employees are more likely to start it and complete it in a timely manner. Training software with smart delivery removes obstacles for learners by making it as convenient as possible. Good software should also allow admins to choose to deliver training at times when it will make the most impact, such as events, meetings, or setting up goals and initiatives for the company, just to name a few.
✅ Tracking and Feedback
What's the point of a compliance program if you can't track completion? The best training software should providing analytics that make data available to you, organized by whatever works best for you–location, department, managerial status, etc. And it should allow managers to track data for their teams, as well.
Modern training requires modern approaches and standards. Now that we're more online than ever, why wouldn't we look to our smartphone or laptop to train us? The right software partner can save you precious time to invest back into your teams, company culture, and other development opportunities.
Interested in finding a training solution that meets these requirements and then some? Take a look at Ethena's Courses page, or get started and talk to a member of our team.