Top 10 Compliance Automation Tools for 2024

Most businesses would agree that there are three realities in the world you can’t avoid: death, taxes, and compliance regulations. It’s a scary thought, even for the most compliance-focused organizations.

Non-compliance can result in costly penalties, legal charges, and damage to a company’s reputation. Meta, with a fine of 1.2 billion euros, holds the largest EDPB fine for non-conformity. 

MSPs/MSSPs are on hand to help, but the task can be mammoth. For example, consider an MSP that oversees IT functions for multiple e-commerce businesses across the European Union. Therefore, their clients must follow GDPR to ensure the safety of customers’ data. 

Without automation, the MSP team must manually handle tasks like data mapping, consent management, and breach notifications. Such manual work makes scaling services difficult and necessitates a lot of internal resources, which is where compliance automation tools come into play.

What are compliance automation tools?

Compliance automation tools are software solutions that allow MSPs/MSSPs to help clients meet regulatory standards more easily. MSPs/MSSPs of all sizes, especially those with clients who handle sensitive data or work in regulated industries like finance, healthcare, and e-commerce, can benefit from compliance automation tools. 

The main goal of these tools is to make compliance more efficient and less resource-intensive. They provide features like real-time monitoring, automatic updates to regulatory changes, and detailed reporting, helping MSPs/MSSPs quickly identify and fix any issues.

Benefits of Compliance Automation Tools

• Time Savings: Reduces time spent on manual processes like mapping data or preparing for audits, enabling businesses to focus on their core activities.
• Cost Efficiency: MSPs/MSSPs can use this software instead of hiring specific staff to manage compliance.
• Scalability: Compliance automation tools enable MSPs and MSSPs to scale their compliance services without a proportional increase in workload or resources.
• Improved Accuracy: Reduces the risk of human error, ensuring more accurate and consistent compliance with regulatory standards.
• Real-Time Monitoring and Updates: These tools provide real-time monitoring and automatic updates to regulatory changes.

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Types of Compliance Automation Tools

• vCISO Platforms: Provide compliance checks and security expertise without needing a full-time CISO. MSPs/MSSPs can scale their compliance services without needing to scale internal resources – simply conduct the assessments and audits through a vCISO platform. 
• GRC (Governance, Risk, and Compliance) Platforms: GRC tools combine governance, risk management, and compliance to help companies manage regulatory needs, review risks, and implement frameworks.
• Vendor Risk Management Tools: Automatically assess vendor compliance, monitor risks, and manage vendor relationships.
• Compliance Assessment and Auditing Tools: They automate compliance evaluations, carry out audits, and produce reports to identify non-compliance elements.

Key Features to Look For in a Compliance Automation Tool

• Continuous Monitoring: The tool should continuously track clients’ compliance status and identify potential issues.
• Automated Reporting: The best tools automatically generate comprehensive customer-facing compliance reports.
• Regulatory Updates: You should be able to generate continuous updates on new regulations to help clients maintain compliance.
• Integration Capabilities: It should be easy to integrate with existing systems and software.

Top 10 Compliance Automation Tools for 2024

1. Vanta

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Vanta provides a trust management platform to automate compliance tasks by conducting streamlined security reviews across more than twenty compliance frameworks. It replaces manual security audits with ongoing monitoring, providing real-time visibility into MSP clients’ security postures.

Main Features:

• Continuous compliance monitoring.
• Automated security controls.
• Customizable compliance frameworks for specific industry needs.
• Simplified audit preparation with pre-built reports and insights.

Best For: Startups and SMEs focusing on quick GDPR, HIPAA, SOC 2, and ISO 27001 compliance.

Price: Offers three pricing plans: Core, Collaborate, and Scale.

Review: “Quick to get started, easy to use, ever-growing integrations and features.”

2. Cynomi

Cynomi leverages AI to help MSPs and MSSPs offer comprehensive compliance assessments and automatically maps over 20 compliance frameworks, such as ISO 27001 and CISv8. It generates tailored policies and strategic remediation plans with prioritized tasks, supporting each client’s compliance journey.

Main Features:

• Expands MSP/MSSP cybersecurity services into compliance with minimal operational costs.
• Customizable discovery questionnaires to quickly assess clients’ cybersecurity and compliance postures.
• Automatically maps over 20 frameworks and regulations 
• Aligns clients’ cyber profiles with industry standards and regulations.
• Automates the creation of policies and security plans.
• User-friendly dashboard with one-click customer-facing reporting.
• Integrates security and compliance management.

Best For: Service providers looking for a multi-tenant, user-friendly platform to manage their clients’ compliance and cybersecurity at scale with minimal resources. 

Price: By inquiry.

Review: “Cynomi provides a straight forward easy to understand platform for clients. The assessment questions help guide clients and build a path forward for them.”

3. Onspring

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Onspring provides MSPs with a comprehensive GRC platform that facilitates regulatory management, risk evaluation, and policy deployment.

Main Features:

• Customizable workflows.
• Risk assessment tools to identify and mitigate potential issues.
• Audit management features for efficient tracking and reporting.
• Real-time dashboards.

Best For: MSPs/MSSPs needing a highly customizable GRC platform that can integrate with their existing systems.

Price: Custom pricing based on licensing model and requirements.

Review: “Onspring has helped us automate and track licenses, permits, contracts, and assets with ease.”

4. Secureframe

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Secureframe helps businesses automate their compliance processes and manage their security posture for frameworks like SOC 2, ISO 27001, and HIPAA.

Main Features:

• Automated evidence collection.
• Continuous monitoring.
• Integration abilities that are smooth as silk.
• Real-time alerts and notifications.

Best For: Rapidly growing MSPs/MSSPs that need to quickly achieve and maintain compliance with multiple standards and require fully automated evidence collection.

Price: By inquiry. Offers four pricing plans: Essentials, Growth, Premium, and Enterprise.

Review: “Secureframe provides comprehensive coverage of security audit preparation.”

5. Sprinto

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Sprinto simplifies compliance by automating security monitoring and audit preparation for frameworks such as SOC 2, ISO 27001, and GDPR.

Main Features:

• Automated monitoring to ensure continuous compliance.
• Tools for easy audit preparation and management.
• Compliance tracking to monitor progress.
• Real-time reporting.

Best For: MSPs/MSSPs seeking to automate and streamline the entire compliance lifecycle.

Price: Custom pricing based on business needs.

Review: “Their team was very responsive and helpful, quickly addressing any questions we had.”

6. Thoropass

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Thoropass is a compliance management platform that automates tasks and enables companies to keep up with regulatory demands.

Main Features:

• Compliance tracking.
• Audit management.
• Policy management.
• A large ecosystem with cloud service support.
• Automated reminders and alerts.

Best For: MSPs/MSSPs in need of a comprehensive compliance solution to handle complex compliance requirements and streamline audit processes.

Price: By inquiry.

Review: “The implementation was beyond easy and would work well for organizations that have little to no audit experience.”

7. Drata

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Drata automates the compliance process for frameworks such as SOC 2, ISO 27001, and GDPR, simplifying the achievement and maintenance of compliance.

Main Features:

• Continuous control monitoring for ongoing compliance.
• Automated evidence collection for audits.
• Real-time compliance status updates and alerts.
• Integration with various cloud providers.

Best For: MSPs/MSSPs looking for seamless integration of compliance automation with their existing cloud infrastructure.

Price: By inquiry.

Review: “Amazing support; maturing functionality.”

8. Apptega

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Apptega is a comprehensive platform designed to help MSPs/MSSPs automate SaaS compliance frameworks. It covers all GRC (governance, risk, and compliance) requirements, including risk management and policy development.

Main Features:

• Cross-mapping compliance requirements across different frameworks.
• AI-supported recommendations for managing risks.
• Instructional videos and customer support.

Best For: MSPs/MSSPs needing a straightforward and effective compliance solution.

Price: Offers three pricing plans: Starter, Advanced, and Premium.

Review: “Great for tracking client compliance.”

9. CISOteria

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With AI-driven recommendations, CISOteria provides continuous monitoring and control over your clients’ cyber risks with AI-driven recommendations. Furthermore, it helps you manage strategies, prioritization, audits, and policy implementation.

Main Features:

• AI-based threat detection and reduction.
• Detailed IT policy management.
• Structured incident response workflows.
• Progress tracking tools.
• Daily cyber risk alerts.

Best For: MSPs/MSSPs needing robust policy enforcement and cyber risk management.

Price: By inquiry, with a free trial available.

Review: “It is a [great] all-in-one platform, but the learning curve is a bit long.”

10. Hyperproof

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Hyperproof offers tools to streamline compliance management, track compliance activities, conduct audits, and generate reports.

Main Features:

• Task management.
• Real-time dashboards.
• Integration with various business systems and tools
• Automated reminders and alerts.

Best For: Mid-sized MSPs/MSSPs that need comprehensive task and audit management.

Price: By inquiry.

Review: “The dashboard is very helpful for a quick look and check your company’s compliance status.”

Deliver Compliance at Scale With Cynomi

MSPs/MSSPs must ensure their clients meet regulatory compliance to safeguard customer data, evade huge fines, and protect their image. Compliance automation tools go a long way in simplifying this process, making it less time-consuming and resource-intensive. 

Powered by AI, Cynomi is among the best MSP/MSSP software for comprehensive compliance assessments. Cynomi automates manual, time-consuming tasks like mapping frameworks and regulations, risk assessments, and policy creation, allowing service providers to save time and focus on closing compliance gaps for their clients. 

With tailored policies and strategic remediation plans, Cynomi simplifies the compliance journey for each client, enabling you to scale these services without additional resource investment or in-house expertise. 

Request a demo to explore how Cynomi can transform your compliance management.