Top 7 Regulatory Change Tools 2024

Staying compliant is tough, but these tools can help:

MetricStream: AI-powered compliance framework
Diligent: End-to-end compliance platform
NAVEX Global: Risk and ethics management
OneTrust: Privacy-focused compliance software
Predict360: AI risk prediction for finance/insurance
ServiceNow GRC: IT-integrated compliance tools
ComplianceQuest: Quality and safety management system

Quick Comparison:

Tool	Key Feature	Best For	Starting Price
MetricStream	AI insights	Large enterprises	$75,000/year
Diligent	Security focus	Data-sensitive firms	Quote-based
NAVEX Global	Ethics reporting	Ethics-focused orgs	$75,000/year
OneTrust	300+ jurisdictions	Privacy regulation	$30/month
Predict360	Predictive modeling	Finance/Insurance	$1,500/month
ServiceNow GRC	IT integration	Tech companies	Quote-based
ComplianceQuest	Quality management	Regulated industries	$30/month

These tools automate compliance tasks, use AI to predict risks, and integrate with existing systems. Choose based on your industry, size, and specific compliance needs.

1. MetricStream: Complete Regulatory Management

MetricStream is a top player in regulatory change management for 2024. Here's why it's a standout choice:

Automated Regulatory Tracking

MetricStream's platform automatically captures and manages regulatory changes. This is huge, considering only 27% of Chief Compliance Officers have a process for identifying new laws and regulations.

The system grabs content from trusted sources and sends important alerts to the right people. The results?

60% faster response to regulatory changes
90% less time spent on compliance tasks

Centralized Compliance Framework

MetricStream's centralized approach maps regulations, risks, controls, and issues to business functions and entities. This means:

One source of truth for risk insights
Better consistency across the organization
Clearer view of the regulatory landscape

AI-Powered Intelligence

The platform uses AI to analyze policies and documents. This lets users:

Find info fast
Cut policy creation and update time by 55%
Make smarter, data-driven decisions

User-Friendly Dashboard and Reporting

MetricStream's dashboard lets organizations:

Track regulatory changes in real-time
Set up compliance rules
Quickly spot risks from regulatory changes

Cost and Efficiency Gains

Using MetricStream can lead to big improvements:

Benefit	Impact
Compliance cost cut	Up to 90%
Regulatory change response	60% faster
Compliance activity time saved	90% reduction
Policy creation efficiency	55% better

Team Collaboration

MetricStream boosts teamwork through:

Automated workflows for regulatory tasks
A central hub for easy collaboration
Case management to spot risks early

While MetricStream is strong, it's not perfect. One user said:

"MetricStream is great for pulling reports into Excel for more analysis."

But they also mentioned that entering info is still mostly manual. Automating document parsing could really cut down on work.

Tips for Getting the Most from MetricStream

Have a central regulatory coordinator to check update relevance
Clearly define roles in the regulatory change process
Use the cloud platform to track updates from many sources
Tap into AI for policy review and risk assessment
Regularly fine-tune your regulatory change management approach

2. Diligent: End-to-End Compliance Platform

Diligent is a big deal in regulatory change management. They offer a complete solution for companies trying to keep up with ever-changing rules and regulations.

Centralized Compliance Management

Diligent's platform is like a one-stop shop for compliance. It brings together:

A huge library of regulations
Tools that automatically keep an eye on changes
A central place to manage regulatory controls

This all-in-one approach helps companies:

Stay on top of new rules
Avoid expensive fines
Spot potential problems before they blow up

AI-Powered Insights

Diligent's AI takes things up a notch:

It compares your risk disclosures to other companies
It summarizes important documents for you
It links your internal controls to regulatory requirements

Basically, the AI helps teams work smarter on tricky compliance tasks.

Real-World Impact

A financial services company ditched their old, expensive compliance tool for Diligent. Here's what they said:

"Our old tool didn't really make the job easier. It was just for case management."

With Diligent, they found a better, cheaper way to handle compliance.

Efficiency Gains

Diligent's platform can save companies serious time and money:

Benefit	Impact
Cut compliance costs	Up to 90%
Save time on compliance work	A lot
Create policies more efficiently	Big improvement

Security First

Diligent takes data protection seriously. Their security follows:

The NIST Cybersecurity Framework
ISO/IEC 27001 standards

This means users can feel safe when handling sensitive compliance data.

Practical Tips for Diligent Users

1. Automate the boring stuff

Use Diligent to create reports and track regulations automatically. This cuts down on costs for outside help.

2. Put all your compliance stuff in one place

Gather data from every part of your company in Diligent. This gives you a clear, data-driven view of how you're doing with compliance.

3. Use AI to spot regulatory changes

Diligent's AI can find differences between versions of regulations and tell you if they're big, medium, or small changes.

4. Talk to stakeholders better

Use Diligent's AI insights to create custom compliance info for different people in your company, like board members and executives.

Diligent's platform is a powerful tool for companies looking to simplify their regulatory change management in 2024. By putting everything in one place, using AI, and focusing on efficiency, Diligent helps businesses stay ahead in a world of complex regulations.

3. NAVEX Global: Risk and Compliance Tools

NAVEX Global's NAVEX One platform is a big deal in regulatory change management. It's packed with tools to help companies handle compliance and risk.

What NAVEX One Offers

A central place for all risk info
Auto-tracking of changing regulations
Common risk language across the company
Up-to-the-minute environmental risk data
Reports you can customize

Real Results

Over 13,000 companies use NAVEX Global, including big names like Toyota, Delta, and Coca-Cola. That's a lot of trust.

Here's what one non-profit Executive Director said:

"We use PolicyTech for our policies and procedures. It helps us develop, approve, and review policies. Plus, it quickly shares policies and lets us check if staff have read them and understand them."

Boosting Efficiency

NAVEX Global can really speed things up:

What It Does	How Much It Helps
Cuts compliance costs	Up to 90%
Shares policies	Fast and trackable
Shows risks	Real-time, all in one place
Handles incidents	Standard and quick

Tackling Today's Problems

Bad behavior at work has gone up 4x since 2022. NAVEX Global fights this by:

Offering legally-checked compliance and ethics training
Providing ways to report issues anonymously
Using data to spot and fix problems early

Tips for Using NAVEX

Bring all your data together for a clear view of risk.
Use NAVEX's custom reports to make smart choices and show value to higher-ups.
Handle compliance issues the same way every time to be fair and fast.
Use NAVEX's AI and machine learning to spot risks before they become problems.
Use NAVEX's training to make compliance a part of your company culture, not just a chore.

4. OneTrust: Privacy and Compliance Software

OneTrust is a big player in privacy management and compliance monitoring for 2024. Here's why it's a top pick for companies dealing with data privacy and regulations:

Compliance Management Made Easy

OneTrust's platform does it all:

Covers 50+ frameworks (SOC 2, GDPR, DORA, you name it)
Automates workflows to speed up compliance tasks
Keeps all your records in one secure spot for easy access during audits

Big Time-Saver

Check out these numbers:

What It Does	How Much It Helps
Cuts compliance work	Up to 60%
Tracks regulation updates	Almost 4,000 per year
Covers different jurisdictions	Over 300

AI Smarts

OneTrust's AI takes things up a notch:

Gives you real-time answers about regulations
Feeds you personalized content
Helps you compare and analyze in-depth

Real Companies, Real Results

Over 70,000 users worldwide rely on OneTrust. Here's what one big shot says:

"Today's top companies focus on using data and AI responsibly. Our Compliance Automation has changed the game for managing compliance." - Blake Brannon, Chief Product & Strategy Officer at OneTrust

Tips for Getting the Most Out of OneTrust

1. Use those automated workflows. They'll save you tons of time.

2. Keep checking your risks. Use OneTrust's tools to score and evaluate them regularly.

3. Bring your privacy and security compliance together. It'll cut down on duplicate work.

4. Stay ahead of the game. Use OneTrust to keep an eye on upcoming regulation changes.

Tackling Today's Compliance Headaches

With US privacy laws popping up left and right (18 state laws passed, 9 kicking in by 2024), OneTrust helps you stay on top:

Automates key privacy workflows to keep up with changing rules
Manages user consent effectively
Streamlines how you handle data breaches

OneTrust's all-in-one approach to privacy and compliance makes it a solid choice for companies trying to navigate the messy world of regulations in 2024 and beyond.

5. Predict360: AI-Powered Compliance Tools

Predict360 is shaking up the 2024 regulatory scene with its AI-powered compliance management. This cloud-based platform uses predictive modeling, machine learning, and AI to help companies stay on top of regulatory changes and minimize risks.

What Makes Predict360 Stand Out?

Predict360 isn't your average compliance tool. It's like having a super-smart assistant that:

Brings all your compliance stuff together in one place
Uses AI to spot potential risks before they become problems
Keeps track of regulatory changes automatically

Real-World Benefits

Financial and insurance companies are loving Predict360. Why? Because it helps them:

Spot patterns in their compliance data
Find new ways to work smarter
Make faster, better decisions about risk management

Efficiency Boost

Predict360 isn't just about staying compliant - it's about working smarter:

What It Does	Why It Matters
Automates Reports	Less time on paperwork
Streamlines Workflows	Teams get more done
Provides Executive Dashboards	Better decision-making
Centralizes Compliance Data	Everything in one place

What Users Think

Predict360 scores a solid 8.0 out of 10 from users. It's not quite as high as MetricStream's 9.0, but it's still pretty darn good.

What It Costs

At $1,500 per month, Predict360 isn't cheap. But for companies serious about upping their compliance game, it could be worth every penny.

How to Make the Most of Predict360

Use the AI insights to stay ahead of regulatory changes
Create a unified approach to governance, risk, and compliance
Let the automated reporting free up your team's time
Regularly check the AI predictions to tackle potential issues early

Predict360 is like a crystal ball for compliance. It combines predictive smarts with comprehensive tools, helping businesses navigate the tricky waters of regulatory compliance in 2024 with more confidence and less hassle.

6. ServiceNow GRC: Built-in Compliance Tools

ServiceNow's Governance, Risk, and Compliance (GRC) platform is a game-changer for companies wrestling with regulatory compliance in 2024. It's like having a Swiss Army knife for your compliance needs - one tool that does it all.