20 Best Financial Compliance Software Options Going Into 2025
10 Best Financial Compliance Software Options
Here’s my pick of the 10 best software from the 20 tools reviewed:
Our one-on-one guidance will help you find the perfect fit.
Staying compliant can be a huge time drain. Financial compliance software simplifies this process by monitoring for you, 24/7. With the right tool, you're free to focus on more strategic work, without having to worry about regulatory missteps.
I’ve reviewed the top options available and compiled a shortlist for you. Here are the best financial compliance software tools, going into 2025—complete with why they stand out, what they excel at, and the types of businesses they’re best suited for.
Quick Comparison of Chosen Financial Compliance Tools
Here's a quick overview of the tools I've covered, how much they cost (if available), and links to go check them out for yourself.
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For more context on each financial compliance tool and information about why I've selected it, keep reading.
Best Financial Compliance Software Summary
| Tools | Price | |
|---|---|---|
| Workiva | Available upon request | Website |
| MetricStream | Pricing upon request | Website |
| SAP Concur | Pricing upon request | Website |
| Actimize | Pricing upon request | Website |
| ComplyAdvantage | Pricing upon request | Website |
| Qooling | From $78/user/month (billed annually) | Website |
| Libryo | Pricing upon request | Website |
| Compliance.ai | Pricing upon request | Website |
| Modulo | Pricing upon request | Website |
| Oracle EPM | From $65/user/month | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareReviews of the 10 Best Financial Compliance Software
Below are my detailed summaries of the best financial compliance software for 2025. My reviews offer a detailed look at the key features, pros & cons, integrations, and ideal use cases of each tool to help you find the best one for you.
Workiva is a cloud-based finance, accounting, risk, and compliance platform for professionals. It helps simplify complex reporting and compliance processes by connecting data, automating workflows, and ensuring data consistency.
Why I picked Workiva: Workiva offers a unified platform that connects various reporting and compliance tasks, making it easier for your team to manage data and automate reporting. Features include real-time collaboration, which allows multiple users to work on documents simultaneously, and audit trail capabilities, ensuring data integrity. Additionally, its intuitive interface reduces the learning curve, helping your team get up to speed faster. With Workiva, you can ensure accuracy and transparency in your financial and compliance reports.
Standout features & integrations:
Features include real-time collaboration, robust audit trails, and automated workflow management. You can also take advantage of built-in templates for various reporting needs, and the platform's intuitive drag-and-drop interface makes it easy to organize and manage data.
Integrations include Microsoft Office 365, Google Workspace, SAP, Oracle, Salesforce, Workday, BlackLine, ServiceNow, and Docusign.
Pros and cons
Pros:
- Customizable compliance dashboards
- Data linking capabilities
- Real-time collaboration
Cons:
- Delayed regulatory updates
- Challenges with global compliance
MetricStream provides Governance, Risk Management, and Compliance (GRC) software solutions for various industries to automate and manage risk and compliance processes. Its main users are organizations aiming to enhance risk management, compliance, and audit operations.
Why I picked MetricStream: The software features integrated risk management, compliance management, and internal audit capabilities. Users can automate workflows, generate real-time risk insights, and ensure regulatory compliance across their operations. With tools for policy management and incident reporting, your team can handle GRC tasks more efficiently and effectively.
Standout features & integrations:
Features include automated risk assessments, real-time compliance monitoring, and centralized audit management. You can also manage policies and report incidents from a single platform. These features help you streamline your risk and compliance processes.
Integrations include ServiceNow, SAP, Oracle, Microsoft SharePoint, Azure Active Directory, Salesforce, Workday, Okta, Slack, and Jira.
Pros and cons
Pros:
- Advanced analytics and reporting
- Customizable risk frameworks
- Integrated GRC platform
Cons:
- Limited compliance support for new markets
- Complex regulatory reporting
SAP Concur is a solution for integrated travel, expense, and invoice management to help businesses manage their spending and financial compliance. It offers organizations visibility and control over expense processes and adherence to financial regulations.
Why I picked SAP Concur: SAP Concur unifies travel booking and expense tracking, providing a smooth user experience and accurate data. It offers automated invoice management, reducing manual tasks and errors. You can monitor compliance and policy adherence in real-time, ensuring your team stays within budget. Its mobile app allows you to manage expenses, capture receipts, and approve reports on the go.
Standout features & integrations:
Features include automated expense reporting, integrated travel booking, and real-time spend visibility. You can also benefit from its audit and compliance tools, which help ensure policy adherence. The mobile app facilitates expense management from anywhere.
Integrations include SAP ERP, QuickBooks, NetSuite, Salesforce, Workday, Microsoft Dynamics, Slack, Google Workspace, and Amazon Business.
Pros and cons
Pros:
- Real-time expense visibility
- Global compliance checks
- Automated compliance check
Cons:
- Delayed local compliance updates
- Complex setup for compliance rules
Actimize offers financial crime, risk, and compliance management solutions for financial institutions. It helps firms assess risks, comply with regulations, and prevent financial crimes.
Why I picked Actimize: Actimize provides comprehensive solutions for anti-money laundering, fraud detection, and trading surveillance. These solutions help your team monitor transactions, detect suspicious activities, and ensure compliance with legal requirements. The platform also includes enterprise risk management capabilities, giving you a holistic view of potential risks. Additionally, its advanced analytics and case management features streamline investigations and help mitigate risks effectively, ensuring your compliance efforts are both thorough and efficient.
Standout features & integrations:
Features include anti-money laundering solutions, enterprise fraud management, and trading surveillance. You can monitor suspicious activities, manage enterprise risks, and ensure regulatory compliance. The platform also uses advanced analytics for better risk assessment.
Integrations include Temenos, Oracle FLEXCUBE, Salesforce, SWIFT, Bloomberg, Refinitiv, SAP, World-Check, BioCatch, and AxiomSL.
Pros and cons
Pros:
- Support for complex investigations
- Regulatory change management
- Real-time fraud detection
Cons:
- Complex cross-border compliance
- Multi-entity management difficulties
ComplyAdvantage is a software that helps detect and manage risks associated with anti-money laundering (AML) and fraud. Its main user base includes banks, insurance companies, and cryptocurrency industries, focusing on financial crime risk detection and compliance management.
Why I picked ComplyAdvantage: You get access to real-time financial crime insights and risk data that help manage compliance obligations effectively. The platform offers transaction monitoring, adverse information and media screening, and sanctions and watchlist screening features, ensuring your business can identify potential risks and mitigate them swiftly. Additionally, it uses machine learning and natural language processing to stay ahead of evolving financial crimes.
Standout features & integrations:
Features include transaction monitoring, adverse information and media screening, and sanctions and watchlist screening. You can also leverage machine learning for real-time crime detection. The software provides detailed risk profiles to help you manage compliance efficiently.
Integrations include Salesforce, Microsoft Dynamics, Oracle, SAP, Actimize, Fenergo, Temenos, Finastra, Mambu, and Guidewire.
Pros and cons
Pros:
- Detailed risk profiles
- Updated sanction screening
- Real-time crime detection
Cons:
- Complex integration process
- Limited customization options
Qooling is a quality and safety management platform for organizations aiming to enhance their quality, safety, and security operations. Its user base includes quality managers and safety officers seeking to manage compliance and operational excellence.
Why I picked Qooling: Qooling helps you oversee all your quality and safety data from one platform, making it easier to track and manage compliance. The software provides tools for audits, inspections, and incident management, ensuring your team can quickly address and resolve issues. It also offers document control features, giving you access to the latest procedures and policies. You can even access the platform on mobile devices, letting you manage tasks on the go.
Standout features & integrations:
Features include an intuitive platform that helps you easily manage audits and inspections, ensuring compliance with industry standards. The tool simplifies assigning tasks and tracking their completion, making team collaboration more efficient. You can also quickly generate reports, helping your team stay on top of quality management activities.
Integrations include Slack, Microsoft Teams, SharePoint, Google Drive, Dropbox, SAP, Salesforce, QuickBooks, Xero, and Microsoft Power BI.
Pros and cons
Pros:
- Integrated document control
- Customizable compliance workflows
- Streamlined audit management
Cons:
- Limited financial-specific features
- Limited support for non-standard instruments
Libryo is a compliance management software designed for businesses to navigate complex regulations. It provides legal, environmental, health, and safety (EHS) professionals with a clear understanding of applicable laws.
Why I picked Libryo: This software offers tailored legal registers that filter relevant laws based on your specific operational needs. It updates users on legal changes in real time, ensuring compliance at all times. You’ll benefit from its intuitive interface that simplifies regulatory complexity. Moreover, it supports multi-jurisdictional operations by consolidating various legal requirements into one accessible platform.
Standout features & integrations:
Features include real-time updates on legal requirements specific to your location, helping your team stay compliant effortlessly. The platform organizes and filters legal obligations based on relevance, making it easy to find what you need. It also provides clear, actionable steps to ensure compliance with local laws.
Integrations include Microsoft Teams, SharePoint, OneDrive, Slack, Google Drive, Dropbox, Docusign, SAP, and Salesforce.
Pros and cons
Pros:
- Automated compliance tracking
- Customizable compliance filters
- Location-specific compliance updates
Cons:
- Multi-jurisdictional setup challenges
- Limited integration with financial systems
Compliance.ai offers regulatory compliance and risk management solutions for financial institutions and compliance professionals. It automates the monitoring of regulatory changes and simplifies the compliance management process.
Why I picked Compliance.ai: Compliance.ai provides a streamlined way to stay updated with regulatory changes, thanks to its central command center. You can benefit from its purpose-built machine learning models that automatically map regulatory updates to your policies. The platform also includes tools for managing enforcement actions, helping you stay ahead of compliance risks. With its dashboard, you get an at-a-glance view of recent documents and upcoming deadlines.
Standout features & integrations:
Features include automated regulatory change monitoring, a centralized command center for compliance management, and enforcement action tracking. You can create custom alerts based on specific criteria to keep track of regulatory content and news. The dashboard provides a quick overview of relevant documents and important dates.
Integrations include Salesforce, Microsoft Teams, SharePoint, Slack, Confluence, Jira, and Google Workspace.
Pros and cons
Pros:
- Advanced enforcement tracking
- Extensive regulatory database
- Automated regulatory monitoring
Cons:
- Complex setup process
- Limited regulations customization
Modulo is a financial compliance software for businesses to manage risk, privacy, and cybersecurity. Its main user base includes risk managers, compliance officers, and IT security professionals.
Why I picked Modulo: Modulo provides specialized solutions for risk assessments and compliance management. Key features include customizable questionnaires, vulnerability assessment tools, and detailed reporting capabilities. The software also supports various compliance frameworks, making it versatile for different industry requirements. Your team can benefit from its workflow automation and extensive knowledge base that simplifies compliance processes.
Standout features & integrations:
Features include customizable questionnaires, vulnerability assessments, and detailed reporting. You can manage risk assessments across different assets and automate compliance workflows. The software also supports multiple compliance frameworks.
Integrations include SAP, Oracle, Microsoft Azure, AWS, ServiceNow, Jira, Salesforce, Workday, and IBM QRadar.
Pros and cons
Pros:
- Customizable compliance frameworks
- Automated compliance processes
- Integrated compliance management
Cons:
- Data syncing delays
- Complex configuration
Oracle EPM is a comprehensive enterprise performance management solution that helps businesses plan, budget, forecast, and report on performance and ensure financial compliance. It supports finance teams with accurate data and aligns strategies with regulatory requirements.
Why I picked Oracle EPM: It offers multidimensional analysis, planning, and reporting features that help you drive better business decisions. You can ensure data accuracy and compliance with its integrated financial consolidation and close capabilities. The platform's planning modules support various scenarios, enabling you to anticipate changes and adjust plans accordingly. Additionally, it provides solid reporting tools that deliver real-time insights into your organization's performance.
Standout features & integrations:
Features include multidimensional analysis, integrated financial consolidation, and real-time reporting tools. You can use its planning modules to manage different business scenarios and adjust your strategies. The platform also supports comprehensive budgeting and forecasting to help you stay on track with your financial goals.
Integrations include Oracle ERP, Oracle HCM Cloud, Oracle SCM Cloud, NetSuite, SAP, Microsoft Dynamics, Workday, Salesforce, Anaplan, and Hyperion.
Pros and cons
Pros:
- Scenario modeling for compliance
- Detailed regulatory reporting
- Integrated financial planning
Cons:
- Limited flexibility in reporting
- Delayed local regulations updates
Other Financial Compliance Software
Here are some additional financial compliance software options that didn’t make it onto my shortlist, but are still worth checking out:
- Intertek Inform
Best for global regulatory compliance
- SAI360
Best for ethics and compliance training
- Process Street
Best for customizable compliance checklists
- Verint
Best for capturing persistent chats
- Fenergo
Best for client lifecycle management
- Smarsh
Best for archiving electronic communications
- Star Compliance
Best for employee compliance monitoring
- 360Factors
Best for AI-powered risk prediction
- Apiax
Best for API-first compliance integration
- Vanta
Best for automating compliance tasks
Financial Compliance Software Selection Criteria
I looked for tools that will make your life easier, focusing on the question: How well does it actually complete the jobs it claims to perform?
Buuut I couldn't stop there — because there are a lot of good options out there. I considered common buyer needs and pain points like compliance with updated regulations, and ability to manage audit trails effectively.
I used the following framework to keep my evaluation structured and fair:
Core Functionality (25% of total weighting score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:
- Ensure regulatory compliance
- Monitor transactions for suspicious activity
- Manage risk and compliance reporting
- Automate compliance processes
- Conduct audit trails
Additional Standout Features (25%)
To help further narrow down the competition, I also looked for unique features, such as:
- Real-time monitoring
- Centralized documentation management
- Automated alerts and notifications
- Customizable compliance workflows
- Integration with other financial systems
Usability (10%)
To get a sense of the usability of each system, I considered the following:
- Intuitive user interface
- Ease of navigation
- Customizability of dashboards
- Availability of mobile access
- Performance and speed
Onboarding (10%)
To evaluate the onboarding experience for each platform, I considered the following:
- Availability of training videos
- Pre-built templates for quick setup
- Interactive product tours
- Access to support chatbots
- Regular webinars for user education
Customer Support (10%)
To assess each software provider’s customer support services, I considered the following:
- Availability of 24/7 support
- Multiple support channels (phone, email, chat)
- Dedicated account managers
- Response time to queries
- Quality of support documentation
Value For Money (10%)
To evaluate the value for money of each platform, I considered the following:
- Pricing transparency
- Availability of different pricing tiers
- Features included in the base price
- Cost of additional modules or features
- Comparison with competitors’ pricing
Customer Reviews (10%)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:
- Overall rating and satisfaction score
- Frequency of positive vs. negative reviews
- Comments on ease of use
- Feedback on customer support
- Experiences with implementation and onboarding
Trends in Financial Compliance Software
In my research, I sourced countless product updates, press releases, and release logs from different financial compliance software vendors. Here are some of the emerging trends I’m keeping an eye on:
- AI-Powered Insights: Companies are using AI to predict compliance risks and offer actionable insights. This helps businesses stay ahead of regulatory changes.
- Blockchain Integration: Blockchain's transparency is being used to enhance data integrity and traceability in compliance processes. This is particularly useful in industries like finance and healthcare, where accurate records are crucial.
- Cloud-Based Solutions: More vendors are offering cloud-based compliance tools, allowing for remote access and real-time updates. This flexibility is important for businesses with global operations and remote teams.
- Regulatory Change Management: Tools are now incorporating features to automatically update compliance requirements as regulations change. This ensures that teams are always working with the most current information (without requiring manual updates).
- User-Centric Design: There's a shift towards more user-friendly interfaces to reduce the complexity of compliance tasks. This trend is reflected in tools that offer customizable dashboards and intuitive navigation, making it easier for non-experts to manage compliance.
What Is Financial Compliance Software?
Financial compliance software helps businesses to adhere to financial regulations and standards by automatically keeping your operations compliant to those regulations.
Professionals like accountants, auditors, and compliance officers use these tools to ensure their organizations meet necessary legal requirements, thereby avoiding fines and maintaining a good reputation.
How To Choose Financial Compliance Software
Even with the help of an amazing software analyst (ahem, me), it’s easy to get bogged down in long feature lists and complex pricing structures.
To help you stay focused as you work through your own software selection process, here’s a shortlist of factors to keep in mind:
| Factor | What to Consider |
|---|---|
| Scalability | Will this software grow with your business? |
| Integrations | Does it integrate with your current systems and tools? |
| Customizability | Can you tailor the software to meet your specific needs? |
| Ease of Use | Is the software intuitive and easy for your team to use? |
| Budget | Does the software fit within your financial constraints? |
| Security Safeguards | Does the software offer advanced security features? |
| Compliance Updates | Will the software keep you informed about regulatory changes? |
| Support | Does the provider provide reliable customer support? |
Features of Financial Compliance Software
When selecting financial compliance software, keep an eye out for the following key features:
- Risk assessment: Evaluates potential risks to address challenges proactively.
- Incident reporting: Streamlines reporting for timely issue resolution.
- Compliance tracking: Ensures adherence to industry regulations and standards.
- Document control: Manages and organizes crucial documents efficiently.
- Audit management: Facilitates internal and external audits by tracking compliance status and documenting processes.
- Automated reporting: Generates compliance reports automatically to ensure accuracy and save time.
- Policy management: Centralizes and manages compliance policies to ensure they are up-to-date and accessible.
- Training and education: Provides tools for employee training and education to maintain compliance awareness.
- Real-time monitoring: Continuously monitors transactions and activities to detect and mitigate compliance issues.
- Integration capabilities: Connects with other systems and tools to streamline data flow and enhance functionality.
Benefits of Financial Compliance Software
Implementing financial compliance software provides several benefits for your team and your business. Here are a few you can look forward to:
- Enhanced regulatory adherence: Stay up-to-date with changing regulations using built-in regulatory change management features.
- Reduced compliance risks: AI-powered insights help identify potential risks before they escalate.
- Improved data integrity: Blockchain integration ensures accurate and transparent records, reducing errors.
- Efficient auditing: Audit trail management keeps detailed logs, making audits quicker and less disruptive.
- Increased accessibility: Cloud-based access allows team members to work from anywhere, improving collaboration.
- Time savings: Customizable dashboards and user-friendly interfaces simplify tasks, saving valuable time.
- Better decision-making: Advanced reporting capabilities provide clear insights into compliance status and financial performance.
Costs and Pricing of Financial Compliance Software
Selecting financial compliance software requires an understanding of the various pricing models and plans available. The table below contains generalized ranges to give you a bit of an idea about what you'll be paying for, and getting, with each type of financial compliance software.
Plan Comparison Table For Financial Compliance Software
| Plan Type | Average Price | Common Features |
| Free Plan | $0 | Basic compliance tools, limited user access, and email support. |
| Personal Plan | $5-$25/user/month | Enhanced compliance tools, single user access, basic reporting, and email support. |
| Business Plan | $30-$70/user/month | Advanced compliance tools, multi-user access, detailed reporting, workflow automation, and priority email support. |
| Enterprise Plan | $100-$200/user/month | All compliance tools, unlimited user access, custom reporting, workflow automation, dedicated account manager, and 24/7 priority support. |
Why Trust Our Software Reviews
My team and I have been testing and reviewing financial software since 2023. As a collection of software analysts and experienced financial operators, we know how critical and difficult it is to make the right decision when selecting software.
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