Blog | BCMMetrics

Best Regulatory Compliance Software for BCM Teams

Written by Michael Herrera | Aug 1, 2024 8:45:00 PM

Managing BCM compliance is hard enough without wrestling spreadsheets or bloated GRC platforms.

If you're trying to meet standards like ISO 22301, FFIEC, or NFPA 1600, the last thing you need is more complexity. You need tools that make audits easier, track what matters, and keep your program on solid ground.

Here, we compare three top options: BCMMetrics, MetricStream, and Riskonnect so that you can find the right fit for your team and your compliance goals.

The Three Best Regulatory Compliance Management Software

Software

Best For

Potential Drawbacks

BCMMetrics

Mid-sized organizations needing focused BCM compliance tools

- Limited enterprise-level integration

- No dedicated mobile app

MetricStream

Large enterprises with extensive regulatory needs

- High complexity and cost of implementation

- May overwhelm teams solely managing BCM

Riskonnect

Organizations seeking integrated risk and compliance oversight

- Less specialization in BCM-specific compliance

- Potentially excessive complexity for small BCM teams

 

BCMMetrics: Best for BCM Compliance

BCMMetrics is designed specifically for mid-sized organizations operating within regulated industries like healthcare, insurance, and utilities. The business continuity software avoids complexity, integrates cleanly into existing workflows, and helps small teams demonstrate compliance without extra headcount or technical overhead. It was also built by MHA Consulting based on their decades of experience in business continuity management.

Key Features

  • Compliance Confidence tool with intuitive maturity scoring aligned with ISO 22301, FFIEC, FINRA, and NFPA 1600.

  • Gap identification and remediation tracking.

  • Audit-ready reporting built for board, auditor, and stakeholder consumption.

  • BIA and recovery plan modules that tie directly into compliance scoring and documentation.

Why It’s the Best Regulatory Compliance Software

BCMMetrics is designed for lean business continuity teams working under pressure to meet external compliance demands and internal expectations. It provides an out-of-the-box system to benchmark against standards, close gaps, and prove readiness. Unlike broader GRC suites, it doesn’t require consultants, integrations, or multi-month rollouts.

Keep in Mind

It doesn’t offer enterprise-grade integrations or mobile apps, which might be limiting for organizations with complex tech stacks or global teams.

MetricStream: Best for Complex Compliance Needs

MetricStream is a comprehensive Governance, Risk, and Compliance (GRC) solution suitable for large enterprises with significant and varied regulatory obligations.

Key Features

  • AI-driven regulatory change management.

  • Automated workflows for compliance and controls.

  • Role-based real-time dashboards.

  • Powerful reporting and analytics.

Why Choose It

Ideal for cross-functional compliance teams with broad oversight needs, MetricStream offers scale and customization with deep regulatory intelligence. It’s built to handle layered compliance environments and global regulatory tracking.

Keep in Mind

The complexity and cost may be prohibitive for smaller teams or organizations focused solely on BCM compliance. The learning curve and IT lift are considerable.

Riskonnect: Best for Centralized Compliance Management

Riskonnect offers an integrated risk and compliance management platform suited to organizations that require a comprehensive approach to managing compliance across multiple areas.

Key Features

  • Automated compliance monitoring and checks.

  • Prebuilt frameworks for NIST, ISO, GDPR, HIPAA.

  • Real-time dashboards and reporting.

  • Dedicated regulatory advisory team.

Why Choose It

Riskonnect is helpful for teams looking to combine risk, audit, and compliance views into one system, particularly when spanning regulatory frameworks or managing vendor and cybersecurity risks.

Keep in Mind

Its broader risk focus can dilute the platform’s depth for BCM-specific users. Smaller teams may struggle with configuration and scale.

Why Regulatory Compliance Software Is Critical for Business Continuity Programs

Compliance software helps BC teams meet modern regulatory expectations efficiently.

Here’s how regulatory compliance software like BCMMetrics addresses those expectations:

1. Simplify Compliance Management

Regulatory compliance software centralizes policies, plans, and documentation in one place. This eliminates the fragmentation of spreadsheets and emails and allows teams to track and manage requirements under standards such as ISO 22301, NFPA 1600, and FINRA Rule 4370 from a single platform.

2. Reduce Regulatory Risk Proactively

With real-time updates, prebuilt frameworks, and configurable alerts, compliance tools help teams stay current with regulations like HIPAA, DORA, and APRA CPS 230. This enables proactive remediation before issues become violations, which is a must in high-stakes industries.

3. Make Audit Preparation Easier

Regulatory software creates audit-ready reports automatically. These tools ensure accurate logging, version control, and evidence generation, making it easier to meet the audit expectations of FINRA, CIRO, and internal governance teams.

4. Improve Decision-Making

Dashboards, scoring, and heat maps translate complex data into clear next steps. When leadership asks, "Where are we exposed?", you’ll have answers, not homework. Tools like BCMMetrics give a compliance snapshot aligned with operational resilience benchmarks.

5. Increase Operational Efficiency

Eliminate wasted time hunting down updates or reconciling changes across systems. Compliance software automates follow-ups, maintains documentation history, and cuts back on email threads, which is especially valuable when managing overlapping frameworks like GDPR, NIST, and sector-specific rules.

6. Maintain Readiness All Year Long

Use embedded checklists, recurring assessments, and scenario planning features to identify gaps and forecast progress. Compliance software enables consistent review cycles, helping BCM teams align with regulatory expectations for resilience and response capability. Track trends, simulate disruptions, and monitor progress toward full alignment with evolving regulatory expectations.

BCMMetrics Cuts the Complexity Lean BCM Teams Can’t Afford

BCMMetrics was built inside a BCM consulting firm, not a GRC software company. That matters. It’s grounded in real use cases, not theoretical frameworks. The tool helps you:

  • Benchmark and score your business continuity program instantly.

  • Prioritize what issues to fix and who’s responsible.

  • Show progress to leadership and auditors.

  • Skip months of IT setup or platform bloat.

  • Manage your compliance simply.

If you're tired of doing compliance in Word and Excel, or fighting with oversized GRC tools, BCMMetrics is built for you.

Request a demo and see how fast your team can be audit-ready.