Ethics and Compliance LMS software maintains a repository of learning content that companies use to train employees on compliance topics. This type of software helps companies ensure compliance with laws and regulations for safety, security, and financial fraud. Besides regulatory compliance, ethics and compliance learning software is used by compliance officers to train employees on internal policies and issues such as inappropriate behavior. Ethics and compliance learning tools are commonly implemented across an entire company, but can also be deployed in only one or a few departments where compliance is the most important.
Ethics and Compliance LMS can be delivered as a standalone product or as part of governance, risk, and compliance suites. When provided separately, this type of software needs to be integrated with governance, risk, and compliance software and environmental, health, and safety software. Some corporate LMS software vendors also include this type of learning in their offering.
To qualify for inclusion in the Ethics And Compliance LMS category, a product must:
- Deliver standard learning content for compliance purposes
- Track certifications and make sure they are up to date
- Manage courses and documents related to internal policies
- Assign courses to employees and managers based on their roles
- Alert compliance officers about policy and regulatory violations
- Track the efficiency of the ethics and compliance learning activities
