GRC Software

Discover the best GRC Software to streamline governance, mitigate risks, and implement compliance efficiently
Effective corporate governance, professional risk management, and compliance with regulations are the core fundamentals that drive an organization towards its growth and success. But inappropriate strategies, flawed policy implementation, use of conventional spreadsheets, and manual data storage can all create hiccups for seamless business operations. Businesses looking to manage all types of risks and monitor policies proficiently should implement a GRC platform. The best GRC software enables organizations to collect data governance, minimize compliance costs, get real-time assessment reports, etc.

What is GRC Software?

GRC or Governance Risk Management and Compliance Software is an advanced solution that allows organizations to mitigate all types of risks, streamline and manage IT operations. Further, a GRC system helps store data information digitally, improve business processes, and conduct an audit to ensure that the company is in compliance with the rules, regulations, and policies. 
GRC tools enable companies to seamlessly align with the business strategies, corporate governance, and record incidents. 

What Are the Key Components of GRC Software?

GRC software focuses on the three most vital facets that allow organizations to manage risks and track compliance across all departments. The three components include-
Governance Management
Risk Management and
Compliance Management

How to Select the Best GRC Software?

Business organizations willing to accomplish their objectives by automating the different tasks and improving collaboration should implement the best GRC platform. The experts at GoodFirms have carried out extensive research and prepared an authentic list of top GRC vendors. The list contains various filters such as the salient features, the pricing model, deployment option, type of support offered, and more to make your selection easier.

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Listed Top GRC Tools

  • AuditBoard is a leading cloud-based platform transforming the way enterprises automate, collaborate and report in real-time on critical risk, audit and compliance workflows. The company offers a full suite of easy-to-use audit management and compliance solutions for SOX, controls management, operational audits, ERM and workflow management. AuditBoard’s clients range from industry-leading pre-IPO ... read more about AuditBoard

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    50% in GRC Software
  • ARIS

    Business process transformation
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    ARIS has been the #1 business process analysis (BPA) and management software solution for organizations seeking to embrace digital transformation. Why? Today’s volatile markets demand rapid change. But that change isn’t organic. It’s strategic. ARIS offers true business process transformation via tightly managed and controlled change. ... read more about ARIS

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    30 Days
    33% in GRC Software
  • Onspring

    AUDIT MANAGEMENT SOFTWARE THAT WORKS FOR YOU.
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    Onspring promotes efficiency, transparency, and control across your internal audit process. Our cloud-based software helps you plan strategically, deliver tactically and elevate the performance of your IA department. With Onspring’s internal audit management solution, you can: Align audit plans with your organization’s most significant risks and objectives, Manage work papers, findings, review ... read more about Onspring

    $175 Per Month
    N/A
    12% in GRC Software
  • Netwrix Auditor

    Auditing and compliance reporting
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    Netwrix Auditor is a comprehensive network security software solution that provides organizations with visibility into changes and access events across hybrid IT environments, risk-based auditing and reporting, security analytics and threat detection, and compliance reporting. It is a good choice for organizations of all sizes looking to improve their security posture, reduce their risk of data br ... read more about Netwrix Auditor

    Free version
    Available
    17% in GRC Software
  • TrackMyRisks

    Secure, simple, effective
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    Understanding and managing risk is essential for a healthy business, but it's often shrouded in jargon, expensive consultants and weighty documents! Combine these issues with far more exciting and rewarding things to spend the day doing and it is not a surprise that risk management is stuck on the to do list in most business.We can't promise to make risk management exciting but we can make it achi ... read more about TrackMyRisks

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    25% in GRC Software
  • MetricStream

    MetricStream presents The Known Unknowns 2020 GRC - Perils and Opportunities
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    MetricStream, the independent market leader in enterprise and cloud applications for Governance, Risk, Compliance (GRC) and Quality Management, makes GRC simple. MetricStream apps improve business performance by strengthening risk management, corporate governance, regulatory compliance, vendor governance, and quality management for hundreds of thousands of users in dozens of industries, including ... read more about MetricStream

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    25% in GRC Software
  • LogicGate

    LogicGate Helps Foster a Culture of Compliance Across the Enterprise.
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    LogicGate is a powerful process automation platform that enables organizations to transform mission-critical risk and compliance activities by enhancing controls, increasing flexibility, and reducing risk. LogicGate’s cutting-edge visual rules and workflow engine can be configured to solve virtually any risk and compliance challenge that connects many people, complex process, and disparate data. ... read more about LogicGate

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    25% in GRC Software
  • Galvanize

    Strengthening organizations to do heroic work
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    Galvanize builds security, risk management, compliance, and audit software. We’re on a mission to unite these teams in our HighBond platform in order to strengthen individuals and protect organizations.Galvanize builds security, risk management, compliance, and audit software. We’re on a mission to unite these teams in our HighBond platform in order to strengthen individuals and protect organi ... read more about Galvanize

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    50% in GRC Software
  • The Corporater Business Management Platform is a powerful software tool for digitalizing an organization’s management system. The platform is very flexible and is a great toolbox for configuring and implementing tailored solutions for Governance and Business Agility, Performance Management, Risk Management and Compliance Management. ... read more about Corporater Business Management Platform

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    25% in GRC Software
  • Third party risk management (TPRM) is a structured approach to analyze and control risks arising to the organization from third parties. Mainly third parties are: Vendors Customers Joint ventures Counterparties Fourth Parties Third-party relationships can be a significant source of enterprise risk. The propagation of third-party partners, regulatory pressure, and the complexity of cyber-related ri ... read more about Third Party Risk Management

    $750 Per Year
    30 Days
    33% in GRC Software
  • OneTrust

    Technology to Power Privacy, Security and Trust
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    OneTrust Vendorpedia is the largest and most widely used technology platform to operationalize third party risk, security, and privacy management. More than 5,000 customers of all sizes use OneTrust to offer the most depth and breadth of any third party risk, security, and privacy solution. OneTrust Vendorpedia is designed to help organizations manage vendor relationships and integrates seamlessly ... read more about OneTrust

    $27 Per Year
    14 Days
    25% in GRC Software
  • ISOROBOT

    The Enterprise Management System
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    isorobot is an intelligent business management software, connecting people, processes, technology, assets, and capital to your business goals. Using our experience to help you build efficient, scalable systems within your business. isorobot is a business performance management software which carries the solutions that aims at sustainable excellence in which innovation, quality, efficiency, and ... read more about ISOROBOT

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    25% in GRC Software
  • Fusion

    The Evolution of Retail & Business Solutions
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    Sometimes you just know. Put the power and user-simplicity of FusionRMS together with Acumatica, and it's love at first sight. FusionPOS™ is a full-feature point-of-sale solution that lets you optimize Acumatica cloud ERP and accounting for centralized management in highly distributed retail environments. ... read more about Fusion

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    25% in GRC Software
  • Archer

    The complete investment management solution
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    Archer is a technology and services innovator for the investment management industry including institutional, private wealth and retail managers. Archer provides a fully integrated, secure cloud-based platform that simplifies the investment management process across channels allowing management firms to scale rapidly. Growth is supported with always up-to-date and accessible technology – nothing ... read more about Archer

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    33% in GRC Software
  • Tugboat Logic

    Build Trust and Win More Deals With Security Assurance.
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    Building and maintaining a security program can be a daunting task. Whether you're a small start up or a vast enterprise, security is key to building trust with your customers. As it becomes more challenging to find security talent, it’s time to let a technology solution help you scale so you can sell more. Our solution has a suite of tools to help build and maintain a security program your way. ... read more about Tugboat Logic

    $45 Per Month
    7 Days
    75% in GRC Software
  • Protiviti

    Face the Future with Confidence.
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    It helps organizations solve critical business problems related to audit, compliance, policy and risk management as well as third party risk management and IT Governance. It integrates content and commonly accepted and proprietary frameworks with world-class consulting expertise in order to provide organizations with the visibility and insight needed to manage and mitigate current and future risk ... read more about Protiviti

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    33% in GRC Software
  • Sapience Vue

    We Empower Enterprises to Make Faster and Better Workforce and Resource Utilization Decisions.
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    Sapience Vue is our automated Knowledge Workforce Activity Monitoring & Analytics solution that accurately captures effort data in a contactless manner and provides actionable insights for fact-based decision making by keeping employee privacy at its core. Vue is a SaaS-based solution-built ground up with latest technology stack and top of the line security. ... read more about Sapience Vue

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    25% in GRC Software
  • SureCloud

    Better Risk Management Is Closer Than You Think
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    SureCloud is the first company to deliver market-leading Governance Risk and Compliance (GRC) software solutions and award-winning Cyber Security and Risk Advisory services, all underpinned by a single cloud-based platform. Whether you are interested in buying Gartner recognised GRC software or CREST certified Cyber and Risk Advisory services, you will benefit from automated workflows and insight ... read more about SureCloud

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    25% in GRC Software
  • ViClarity

    Risk, Compliance & Auditing Made Easy
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    ViClarity is an innovative platform that allows you to track and manage all of your audit, risk and compliance in one system. The ViClarity solution is fully configurable meaning you can build your own checklists from your existing Excel documents or manual risk registers. You can also choose from our many pre-populated templates which are mapped directly back to regulatory templates and edit thes ... read more about ViClarity

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    14% in GRC Software
  • ReadiNow

    Automate your Governance, Risk & Compliance with No-code
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    ReadiNow, powered by the next-generation DX Platform (Digital Transformation) enabling you to manage all facets of your business now. Ranging from GRC, IRM to ERP. Build any application with ZERO coding using ReadiNow easy-to-build workflows. GRC Applications Include: - Business Continuity Managment - Vendor Risk Management - IT Disaster Recovery Management - IT Risk Management - Audit Management ... read more about ReadiNow

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    25% in GRC Software
  • Camms.Risk

    Redefine the way your organisation pursues opportunity and manages risk.
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    Camms.Risk is an out-of-the-box and industry-recognized EHS software solution that enables organizations to meet and manage their regulatory compliance, corporate sustainability data and activities to reduce risk and addresses unforeseen events. Cloud-based and ISO 3100:2009 & COSO framework compliant, Camms.Risk features a simple user interface, pre-configured risk, incident & hazard management t ... read more about Camms.Risk

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    25% in GRC Software
  • Donesafe

    A smart health and safety management system everyone can use.
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    Prevent, predict, and reduce worker injury and claims. Donesafe helps companies achieve safer and more fulfilling workplaces all around the world. Our team has created the world’s most intuitive cloud-based EHS safety management software that transforms safety culture and drives worker participation and leadership. Through innovative, low-cost mobile-first products we make it easy and accessible ... read more about Donesafe

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    20% in GRC Software
  • IMS PREMIUM

    Easy navigation through your company
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    Optimize your company's efficiency with this configurable integrated management system. Includes GRC, quality management, risk management, document management, and workflow management modules. ... read more about IMS PREMIUM

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    33% in GRC Software
  • Hyperproof

    Compliance Operations Platform. Built to Scale.
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    Hyperproof builds cloud-based software that allows organizations of all sizes to easily navigate their compliance journey. As a compliance operations solution, Hyperproof makes compliance efforts and audit processes faster, simpler and less expensive. Key features and benefits: 1. Get started quickly: lever starter compliance templates from Hyperproof to accelerate your time-to-value. Or, upload e ... read more about Hyperproof

    $800 Per Month
    N/A
    50% in GRC Software
  • ControlMap

    Cybersecurity Compliance Assurance Platform
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    Our solutions are designed for any one who is starting, looking to scale or automating their Infosec Compliance & Audit processes. This is how we are different. ControlMap is a SAAS platform designed to help organizations achieve IT compliance with ease, confidence & reliability. Be it your first SOC2 audit or the 5th certification of the year. The stakes are always high, the time needed to archit ... read more about ControlMap

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    Available
    100% in GRC Software
  • Parapet

    We help you to create a risk-aware culture!
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    Parapet provides standard risk templates that integrate with the Agile methodology. Securing your enterprise and increasing reputation will open doors for growth with Parapet as your partner. Reduce the complexity of Risk Management, tasks, and user-based notifications through automation. Using a unified approach, Parapet helps you manage your enterprise's risks, compliance, audit, health and safe ... read more about Parapet

    $1 Per Month
    N/A
    33% in GRC Software
  • ProcessGene GRC Software Suite

    “Multi-Org” Technology for GRC Management
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    ProcessGene is the leading provider of software solutions for Governance, Risk, and Compliance (GRC). The GRC software solutions are implemented within days, immediately creating visibility and centralized control. ProcessGene GRC software solutions establish an automated workflow that reduces the time and cost of GRC efforts and eliminate manual labor, maintenance of multiple excel spreadsheets, ... read more about ProcessGene GRC Software Suite

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    N/A
    100% in GRC Software
  • 360inControl

    First Choice in Business Excellence - We create Corporate Governance Champions
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    360inControl is a new generation of an internal control system (ICS), comprising governance risk & compliance (GRC), information security management system (ISMS), an inventory with customisable classification levels and audit management. Beyond compliance and operations, it provides information and hence business centric Integrated Risk Management (IRM) functionality. The managed and comprehensiv ... read more about 360inControl

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    Available
    50% in GRC Software
  • Compliance 360

    MANAGE RISK INTELLIGENTLY WITH COMPLIANCE 360
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    One of the building blocks of trust rests in how organizations align their governance, risk and compliance management with their business objectives and execution. Compliance 360 helps turn risk into a strategic imperative that generates opportunities. Regulators, customers, suppliers, staff, and the global community expect your processes, products and services to comply with local and global ind ... read more about Compliance 360

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    100% in GRC Software
  • InPhase

    Better business management, governance and assurance.
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    Automate the process of assuring that what needs to get done, does, and let teams love you for it. InPhase is the all-in-one, self-service enterprise performance management platform. Taking care of your performance management, business intelligence, analytics and dashboarding needs. Better, faster decision making from board to individual. The visual toolkit incredibly delivers to all your end user ... read more about InPhase

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    12% in GRC Software
  • Enterprise Security Modeller

    Your Digital Information Security Management System
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    Innovate develops ESM, an IT-system that simplifies and streamlines work within information security and risk identification:​ - visual support for identifying all your information and how to protect it - supporting Risk Identification using a simplified workflow - collaborative work with Information Security and IT-architecture - get more specialists involved! Organizations that need to tak ... read more about Enterprise Security Modeller

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    Available
    50% in GRC Software
  • Oxial sGRC

    The Next Generation of Supervised Governance, Risk and Compliance Digital Solution
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    OXIAL is a leading provider and vendor of web-based Governance, Risk, and Compliance (GRC) software and on-demand service solutions for large, middle and small organizations from a multitude of sectors. OXIAL has grown into a one avant-garde solution to help companies to mitigate and manage risks within their organization; think beyond GRC, think sGRC (Supervised GRC). The GRC supervision model pr ... read more about Oxial sGRC

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    33% in GRC Software
  • CARE

    CARE™ is a complete Governance, Risk & Compliance (GRC) software
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    CARE™ is a complete Governance, Risk & Compliance (GRC) software that is currently being used by numerous well-known organizations, operating in various types of industries including banks, insurance companies, investment firms, hospitals, manufacturing firms and governmental agencies. It has dedicated modules for Enterprise Risk Management, risk-based internal audit &Compliance Risk Monitoring ... read more about CARE

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    N/A
    100% in GRC Software
  • InfoSaaS

    Information security, data protection and business compliance in one secure solution.
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    InfoSaaS®: an industry-leading solution assisting customers with their information security, data protection and business compliance requirements. From SMEs taking their first steps towards certification such as ISO9001 or ISO27001 through to larger organisations seeking to benefit from robust risk management and improved efficiencies, InfoSaaS continues to be a popular choice. Clear reporting, ... read more about InfoSaaS

    $78 Per Month
    30 Days
    100% in GRC Software

Frequently Asked Questions

Is GRC Software System Worth Investing?

Yes, the GRC software system is certainly worth the investment. GRC systems with top features and benefits facilitate users to get legal updates in real-time and enhanced compliance visibility status for all locations and departments. 

The more advanced GRC tools can detect fraud or any suspicious activity in the company’s enterprise resource planning system. You can automate the audit log and generate reports instantly to improve and speed up the risk assessment process and save time. Furthermore, you can lower the compliance costs and enhance collaboration between the different teams.

Who Can Use the Top GRC Software?

Almost all industries and business domains catering to diverse fields are extensively implementing and using the GRC software. These include the information technology companies, the healthcare sector, fintech, telecom, financial institutions such as banks and insurance providers. Also, the utility, oil, and gas sectors use GRC systems. 

The GRC audit software is used across multiple departments within an organization to know the latest laws and regulations applicable to their team. Business executives, compliance officers, and risk managers utilize GRC solutions to implement process and internal policies.

What Type of Risks can GRC Software Manage?

GRC software can efficiently manage and mitigate all types of risks. Hence, it is an enterprise risk management system that deals with financial risks, manufacturing defects, and operational hazards. Also, it helps to nullify all security-related concerns safeguarding data to any risk exposure. 

The application helps track and evaluate risk information, modify the risk factors to revert controls, and change policies. It helps compliance officers and risk managers to maintain the integrity of their organization. 

How Are GRC Platforms Different From Integrated Risk Management Systems?

Both GRC platforms and IRM software are primarily used to manage risks and fortify the organizations’ cybersecurity. But they are dissimilar in some aspects. 

GRC software mainly focuses on governance and compliance in addition to managing risks. IRM tools, on the other hand, largely focus on cybersecurity management, which may involve regulation and governance. 

GRC software enables the risk management team to cater to cybersecurity issues, while IRM solutions allow the entire organization to take collective responsibility for boosting security.

How can GRC Software Solutions Boost Cyber Security?

Cybersecurity is one of the key focus areas of the GRC software solutions. The software approaches its objective of boosting security concerns professionally. It allows companies to coordinate and integrate a well-fostered security system with well-structured GRC reference architecture, all managed in a single platform. 

Top GRC software provides best practices to bolster the security process in less time. The advanced features and functionalities such as vulnerability scanners empower the tool to carry out its task seamlessly.

What Other Tools can be Integrated with the GRC Software?

GRC software solutions have the best-in-class features, which allow them to integrate with other software tools seamlessly. The popular software applications include Risk Management Software, Audit Software, Compliance Software, Financial Planning Software, Strategic Planning Software, and EHS Management Software

Also, the GRC tools can sync with ERP Software, Policy Management Software, Data Center Management Software, Incident Management Software, Change Management Software, and many more. 

What is the Cost of GRC Software?

Precisely, different factors and variables decide the cost of any software product. The GRC software market is flourished with a wide range of choices. You have the option of the best free and open source GRC software such as GRC Envelop and Eramba. Also, you can look for free GRC software tools such as Netwrix Auditor and Securicy. 

The premium options include Galvanize, Fusion, Archer, LogicGate, and more.

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