Businesses use governance, risk, and compliance (GRC) software to help keep them consistently prepared through effective management of various processes and documentation. A growing sea of regulations including SOX, GDPR, and CCPA provide a compliance challenge for businesses. However, businesses can automate their compliance programs through the use of GRC software, which helps effectively eliminate vulnerabilities that might otherwise put your business at risk. In addition to helping you with more immediate compliance needs, the right GRC solution can keep your business prepared well into the future as you navigate updating processes and policies.
The following is a list of some of the best GRC software available, offering plenty of features to help identify and address risks, maintain compliance, and streamline management for businesses of all types.
With Pathlock, you can get a 360 degree of policy violations across regulations and compliance frameworks, along with automated reporting to help minimize risk and maintain compliance. Using Pathlock, you can benefit from access management for all systems containing critical employee, customer, or financial data, with the ability to gain a complete picture of risk and compliance. You can integrate Pathlock with nearly any business-critical app through 140+ out-of-the-box integrations to systems like SAP, Oracle, Salesforce, NetSuite, and Workday, allowing you to implement the tool for new systems as you add them.
Pathlock allows users to easily add new applications to their risk and compliance systems, which helps them identify and address any access violations early on to prevent future issues.
Pathlock’s risk and compliance solution can improve risk management and compliance with minimal setup or maintenance. With improved management and consistent compliance through automated processes and reporting, you can drastically increase your risk posture and maximize productivity.
You can request a quote for pricing information by visiting this page.
Fusion Risk Management is a GRC software that’s cloud-based and works in conjunction with the Salesforce platform as an add-on. Fusion Framework enables businesses to speed up the process of digital transformation of GRC programs through the integration of systems, data, services, and procedures within a single, easy-to-use platform. This tool is great for compliance management along with meeting different industry regulations and standards, with optimal visibility provided through predictive analytics.
Fusion Framework gives users the ability to effectively visualize products, services, and their overall business through customers’ eyes to develop a clear map of functionality, with features for risk assessment and incident management.
Pricing for Fusion Framework is available upon request through their website.
Riskonnect is a platform that pulls and integrates data from multiple sources and improves automation for mundane processes while providing actionable insight through in-depth analytics. Many professionals in the retail, healthcare, financial services, insurance, and manufacturing industries use Riskonnect for risk management, compliance, and information security. You can use the platform to develop audit plans, efficiently summarize data, and store vital documents.
Detailed analytics provide users with actionable intelligence by interpreting complex data sets.
Pricing is available upon request from Riskonnect. They also offer a free demo.
IBM OpenPages offers a wide range of core services and other features to help with enterprise governance, operational risk management, and compliance, along with financial controls and IT management. The platform also features internal auditing capabilities. Its flexibility of cost makes it ideal for smaller teams working with a limited budget.
The reliability and cost-effectiveness of IBM OpenPages has made it a popular option for many smaller groups, with plenty of features to help optimize management and maintain compliance.
Pricing for IBM OpenPages starts at $272 per user per year. A free demo is also available.
LogicManager allows businesses to efficiently aggregate and mine data, manage crucial data, and build out reports to help assess risks and maintain compliance. Its IT risk management capabilities led to its placement as a Challenger in Gartner’s 2020 Magic Quadrant. Risk management consultants also provide ample support through personalized training sessions and consulting services.
LogicManager users can benefit from streamlined risk management and reporting, with live support available to get the most from the platform.
You can request a quote for pricing on the LogicManager website, as well as a free demo.
Using StandardFusion, businesses can benefit from more accessible GRC and successfully prevent risks and potential impact. The platform features a unique interface that’s both powerful and simple, making it easy to pick up and use. StandardFusion also offers in-person training, technical support and product training to help users realize the program’s full potential.
What sets StandardFusion apart are its auditing capabilities, which enable businesses to perform internal audits and gauge compliance by tracking external audits.
Pricing starts at $750 per month for two users, with a free trial available.
If a business has unique requirements for various users, MetricStream can help optimize use for IT managers, auditors, and executives. Depending on each user’s accessibility and the data that’s relevant to them, you can use MetricStream to perform enterprise and operational risk management, policy and compliance management, and many other management tasks ranging from internal auditing to business continuity.
MetricStream is uniquely structured based on three risk dimensions, including waves of risk such as financial, human health, financial, and environmental risk, organizational agility, and stakeholder engagement.
Pricing is available upon request on the MetricStream website.
ServiceNow‘s GRC software allows for more efficacious communication of data through the use of chat, portals, and mobile apps. ServiceNow features intuitive reporting and analytics features that also enable businesses to track and measure any metrics based on their specific needs. Users can further benefit from real-time monitoring, automation, and analysis to facilitate accelerated responses.
Through the use of chat and other communication features, along with in-depth custom analytics, ServiceNow allows for simplified workflow management and collaboration among both external and internal teams.
Custom pricing is available upon request, and ServiceNow also offers a free demo.
SAI360 is a GRC tool from SAI Global that can cover the needs of small businesses to large enterprises. SAI360 enables users to monitor third-party access to systems and potential disruptions. The interface that users access is highly intuitive in its design, and the tool also provides in-depth risk intelligence reports. The tool is great for helping meet compliance requirements and automating workflows to increase efficiency.
SAI360’s educational features and monitoring of third-party access, among other features, can help cultivate a culture of compliance for enterprises.
SAI Global offers custom pricing for SAI360 upon request, along with a free demo.
SAP GRC is a particularly great tool to use for large enterprises in need of an expansive suite of tools that maximize both control and transparency when it comes to risk assessment and reduction. SAP provides users with many products and services to help integrate SAP GRC with an enterprise’s core platform. In the process, users only need to pay for the specific features they need with a fully customizable package. In-memory data access also provides users with big data as well as predictive analytics to optimize risk management.
SAP GRC is ideal for seamless integration with existing core GRC systems, with the ability to customize the suite based on your enterprise’s unique requirements.
SAP GRC can cost anywhere from $500 to $15,000 per license. SAP also offers a free demo.
If risk management is your main focus, RiskRate is capable of monitoring third-party risks by screening the biggest risk intelligence database in the world. You can use RiskRate to monitor third-party risks based on lists of over 500 regulations, 200,000 media publications, 8 million adverse media profiles, and 1.5 million politically exposed persons (PEPs). The tool’s interface is very intuitive and contemporary in its design, with plenty of accessibility that makes it one of the easiest risk management programs to use regardless of experience.
For enterprises requiring a top-tier risk management tool, RiskRate has the capabilities that you won’t find with a lot of other GRC software.
The pricing for Navex Global Riskrate starts at $5,000 per year. They also offer a free demo.
Enablon allows enterprises to use bow-tie functionality for identifying risks and impact, giving users the ability to decide on the best mitigating and preventive controls. If sustainability is a primary goal for your enterprise, Enablon is a reliable tool to use. Enablon is compatible with many large databases and enables users to download data in a variety of formats, including PowerPoint, PDFs, and Excel spreadsheets. You can also consolidate data from all modules to create consistently efficient reports and dashboards, accelerating analysis.
Enablon’s reporting capabilities help keep reporting comprehensive and efficient, which facilitates more effective risk identification and mitigation.
You can request custom pricing for Enablon on their website and try their free demo.
With Nasdaq BWise, you get a combination of compliance tools that use BWise technology. To help maintain compliance, Nasdaq BWise allows you to access, gather, and share data. You can also keep data consistently private and secure using the BWise GDPR Compliance Solution. For optimal transparency and control over regulatory compliance, Nasdaq BWise is one of the best solutions available.
The suite of solutions included with Nasdaq BWise makes it a highly dependable and integral asset to regulatory compliance programs.
Pricing for Nasdaq BWise is available upon request through their website, and they offer a free demo as well.
RSA Archer is a GSR software suite that enterprises can customize based on their industry and size. This suite helps eliminate silos during risk management to improve efficiency while maintaining accurate, comprehensive, and unified data. You can easily make any necessary changes within the software without the need for coding or development skills. There are many ways to use RSA Archer to your advantage to manage compliance.
Based on your enterprise’s size, industry, and specific compliance requirements, the versatility of RSA Archer allows for plenty of customization to suit your needs.
You can request pricing information via the RSA Archer website and request a free demo.
AuditBoard is another cloud-based GRC software that includes a suite of risk, audit, and compliance tools. You can use AuditBoard to conduct internal audits, manage risks, increase the efficiency of workflows, maintain SOX compliance, and manage controls. It boasts an intuitive design that provides an optimal user experience, and it’s designed by practitioners to help enterprises overcome a variety of industry challenges.
Industry experts designed AuditBoard to be one of the top-performing GRC programs available, with the ability to boost efficiency and collaboration to optimize compliance.
You can request pricing on the AuditBoard website. They also allow you to request a free demo.
LogicGate Risk Cloud offers a suite of applications to help manage, mitigate, and aggregate all types of risks that enterprises may encounter. LogicGate works to understand where your enterprise stands when it comes to vulnerability and exposure to risk, giving users the chance to enhance their risk programs. Flexible pricing also helps ensure that enterprises only pay for what they need.
LogicGate makes it easy to avoid potential risks and optimize risk management programs through improved collaboration, with plenty of features to help prevent potential crises and maintain compliance.
Pricing information is available on the LogicGate website along with free demos for their solutions.
Onspring is an award-winning GRC software that can connect policies, risks, and compliance into a single user-friendly tool. The suite is capable of working with broader compliance and risk issues, but it’s equally capable of handling granular tasks. You can use the tools included to assist in decision-making, managing accountability, and managing protocols.
With added visibility and accountability, you don’t have to worry about micro-managing any task owners to ensure risk mitigation.
Pricing details are available through the Onspring website. You can also request a demo.
ZenGRC is a cloud-based solution that connects with your existing GRC software while enabling you to meet the highest infosec standards with your risk and compliance program. Using the ZenGRC platform, you can benefit from built-in risk management along with audit management and continuous monitoring. You can also minimize manual efforts with sufficient automation included with this innovative solution.
ZenGRC makes it easy to evolve your current risk and compliance program with simple integration with solutions that are built-in, not simply added on.
You can schedule a demo on the ZenGRC website to see the tool in action and get pricing information.
Apptega is a reliable compliance and cybersecurity software that enables users to manage, assess, develop, and build regular reports for cybersecurity and compliance programs. Many enterprises across a wide range of industries use Apptega to maintain both efficiency and cost-effectiveness. A variety of features give users more control over their programs.
In addition to the above features, users can benefit from guidance and support from experienced cybersecurity experts to help them get the most from this platform.
Pricing details are available on the Apptega website. You can also schedule a free demo or try the program in a free trial.
For improved corporate security, information security, and risk management and compliance, Resolver is an all-in-one solution that can help significantly reduce the instance and impact of negative events. Use Resolver to remove silos through integrated user adoption and data sharing, with custom software configurations that help meet specific security and compliance needs. The tool also provides meaningful reports that make complex data sets digestible with actionable intelligence.
If reducing the frequency and seriousness of negative events is a priority, Resolver makes it easy to assess and prevent many risks, with reporting that clearly presents the data gathered.
You can request pricing information on the Resolver website along with a free demo.
With so many options, it can be difficult to decide on the right GRC software, but you can narrow down your selection based on your enterprise’s specific requirements, industry, and size. You can also give multiple solutions a try with free demos and trials, which can give you a good feel for which solution is best as you compare and contrast them.