Most financial advisors don’t use compliance software in their practice, but those who do report being satisfied with the technology, according to a new report.

Published by the Financial Planning Association, Denver, the report highlights the key issues financial professionals face when dealing with compliance issues. And it provides guidance on how to approach compliance challenges using compliance software technology.

More than 9 in 10 advisors report being satisfied with compliance software, the report finds. Just 3.7% of advisers say they are somewhat dissatisfied.

Sixty-eight percent of respondents say the software helps provide peace of mind. Additionally, 64% say it improves their productivity or saves time, while 48% say the software enables them to more effectively serve clients.

The survey also found that advisers use other software tools, such as customer relationship management or document management, for compliance purposes. The software type least used for compliance purposes is financial planning software. But more than one-third of advisers report using the software for compliance activities.