» What is GRC Software? - Are you struggling with managing the complex web of regulations and compliance requirements that your business faces? Do you often find yourself in a state of panic when it comes to risk management and governance? If yes, then it's time for you to explore GRC software. Governance, risk & compliance software is a tool that helps organizations manage their governance, risk & compliance-related activities. It provides a centralized repository for storing and managing GRC-related data and information and offers features and functionality to help organizations automate and streamline their GRC processes. Additionally, GRC software can help organizations track and monitor compliance with internal policies and external regulations and identify and mitigate risks across the enterprise.
» How To Choose Governance, Risk & Compliance (GRC) Software? - When choosing GRC software, there are several key factors to consider. First, the type of organization should be taken into account, as different industries have specific compliance requirements and risk management considerations. Second, the size of an organization should also be considered to select a GRC solution that can handle both current and future needs. Thirdly, examining how well various software solutions integrate with existing systems is important so as not to disrupt operations or create additional complexity. Finally, looking at the cost-benefit analysis associated with different products is essential to ensure you choose a product that will provide value for money while meeting all organizational needs. To help you choose the best GRC software platform for your organization, we’ve compiled a list of the top 10+ solutions on the market today so you can choose nothing but the best.
What are the best GRC software in 2023?
» Our score is based on user satisfaction (reviews & ratings), social media buzz, online presence, and other relevant information. If your software is part of this list, use this badge on your website and social media to let your readers know about your success.
List of Top Governance, Risk Management & Compliance (GRC) Software | Best GRC Software Tools Reviews
1. Software AG’s ARIS – Best Governance, Risk and Compliance (GRC) Software
About Software AG’s ARIS: Software AG’s ARIS is the world’s leading governance, risk, and compliance (GRC) software. It offers an enterprise-wide GRC platform to help organizations with regulatory requirements, corporate policies, and standards management. With ARIS, users can identify any risks associated with their processes or systems in real-time, as well as monitor changes to stay compliant and detect any noncompliance issues quickly. The software also provides comprehensive dashboards that allow users to easily assess items across different categories of GRC initiatives, such as security policy enforcement, data protection regulations, financial reporting, and more. Through its innovative technology solutions for assessment automation and data analysis capabilities, Software AG’s ARIS helps organizations reduce costs while improving organizational performance through better decision-making from a single source of truth.
Software AG’s ARIS Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“webMethods has enabled us to generate and share essential data—in a manner that’s secure, easy to use, and almost instantaneous. It’s been critical to our ability to meet the demands of regulators and attract new customers.” – Hassan Abdulrahman
Software AG
Germany
1,001 – 5,000
1989
€100.00 /month
Yes
4.8
14+ Reviews
4.3
22+ Reviews
2. LogicGate Risk Cloud – Best GRC Platform
About LogicGate Risk Cloud: As organizations face an ever-increasing landscape of risks, LogicGate’s Risk Cloud is designed to provide a complete picture of an organization’s risk exposure. The Risk Cloud platform ingests data from across the enterprise – including financial, operational, and compliance data – and applies artificial intelligence and machine learning to identify and prioritize risks. The platform also includes a workflow tool to help organizations track and respond to risks in real-time.
LogicGate Risk Cloud Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“LogicGate took the time from the beginning to listen to our needs and work with our team to help build a tool that not only meets our needs but exceeds our requirements. Their quick responses and thoughtful interactions helped us understand the process.” – Paul H
LogicGate
United States
51 – 200
2015
Not provided by vendor
No
4.7
32+ Reviews
4.6
133+ Reviews
3. Resolver – Industry Leading Governance, Risk & Compliance Management Software
About Resolver: In the constantly changing world of business, it’s more important than ever to have a comprehensive governance, risk & compliance management strategy in place. And there’s no better way to do that than with Resolver’s industry-leading GRC software. Resolver’s GRC software is designed to help organizations manage and control risk across all areas of their business. From financial risks and regulatory compliance to operational risks and reputational risks, Resolver can help you identify and mitigate risks before they become problems.
Resolver Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“The adoption of Resolver was painless. The users realized very quickly that it was not like other complex systems, the self-explanatory data-driven forms reduced the training time to just two hours, and onboarding new employees now takes about 10 minutes.” – Mark Pawelek
Resolver
Canada
201 – 500
2000
Not provided by vendor
No
4.3
45+ Reviews
4.3
46+ Reviews
4. ZenGRC – Move From Point-in-Time to Real-Time Compliance
About ZenGRC: ZenGRC is the leading governance, risk, and compliance (GRC) software. It helps organizations manage compliance and risk with confidence and ease. ZenGRC provides a centralized, cloud-based platform that enables organizations to collaborate on risk and compliance initiatives. ZenGRC offers a flexible, intuitive interface that makes it easy to use for both business users and IT professionals. ZenGRC also provides advanced features such as audit trails, reporting, and integration with popular third-party tools.
ZenGRC Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“The usability and efficiency that ZenGRC provides is outstanding. The seeded content preloaded by Reciprocity’s onboarding team gave us a huge jumpstart. We were able to get up and running in less than 15 days.” – Meghan Maneval
RECIPROCITY
United States
51 – 200
2009
Not provided by vendor
No
4.4
25+ Reviews
4.4
92+ Reviews
5. Onspring – Best Enterprise GRC Solutions
About Onspring: Onspring is the best GRC platform that helps organizations automate and streamline their GRC processes. Onspring enables organizations to manage all aspects of their GRC program in one place, including risk assessments, policy management, incident management, audits, and compliance reporting. Onspring’s flexible workflow engine allows organizations to tailor their GRC processes to fit their unique needs, and the platform’s built-in analytics provide insights into risks and trends across the organization.
Onspring Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“Prior to Onspring, we were utilizing separate tools, emailing each other back and forth and using Excel spreadsheets to communicate updates. As you can imagine, not only was this inefficient, but it was also really hard to keep track of everything.” – Jen Fortini
Onspring
United States
51 – 200
2010
$174.00 /year
No
4.8
59+ Reviews
4.8
44+ Reviews
6. ServiceNow – Best Governance, Risk, and Compliance (GRC) System
About ServiceNow: ServiceNow Governance, Risk & Compliance (GRC) Software is a cloud-based platform designed to help organizations manage their governance, risk, and compliance processes. The software makes it easier for businesses to identify potential risks associated with operations and activities while providing visibility into the effectiveness of each process. Features include automated workflows, audit trail tracking, data analysis tools, and reporting capabilities. Additionally, ServiceNow GRC allows organizations to develop effective policies that are tailored specifically to their unique business needs. This helps ensure regulatory requirements are met efficiently without compromising operational efficiency or wasting valuable resources.
ServiceNow Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“ServiceNow is a game-changer. Processes that previously took our teams days can now be done in minutes, and new services deployed in just hours.” – Robert Agostino
ServiceNow
United States
10,001+
2012
Not provided by vendor
No
4.5
184+ Reviews
4.4
331+ Reviews
7. Riskonnect – Best GRC Software Company
About Riskonnect: Riskonnect is the best GRC software provider in the world. It provides organizations with a comprehensive suite of GRC solutions that enable them to effectively manage their risk and compliance programs. The software features an intuitive user interface and powerful workflow capabilities which help organizations identify, measure, monitor, and mitigate risks across all areas of their business operations. With its advanced analytics tools, it also gives organizations insight into potential threats before they become costly issues. Furthermore, Riskonnect’s platform allows for streamlined collaboration between stakeholders so that critical decisions can be made quickly while reducing overall costs associated with managing complex regulatory requirements.
Riskonnect Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“Our relationship with Riskonnect is … almost like a family now. I actually consider them to be part of Royal Caribbean.” – Michael Cannon
Riskonnect
United States
501 – 1,000
2007
Not provided by vendor
No
0.0
00 Reviews
0.0
00 Reviews
8. AuditBoard – Best Audit, Compliance, & Risk Management Software
About AuditBoard: AuditBoard is a cloud-based governance, risk, and compliance software platform that helps organizations automate and streamline their GRC processes. AuditBoard provides a centralized, web-based repository for GRC data and documentation, allowing users to collaborate on audit projects and track progress in real-time. The software also includes an integrated workflow engine that automates and tracks the review and approval of GRC policies and procedures.
AuditBoard Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“With what AuditBoard has done for us, I recommend it to any auditor in any industry.” – Melissa Gonzalez
AuditBoard
United States
501 – 1,000
2014
Not provided by vendor
No
4.7
138+ Reviews
4.7
483+ Reviews
9. StandardFusion – High-Performing GRC Platform for Information Security
About StandardFusion: According to a study by Forrester, 48% of organizations have a centralized governance function, while 52% have a decentralized governance function. In other words, there is no one right way to organize your governance structure. However, having a clear and well-defined governance framework is critical to the success of any organization. Enter StandardFusion: the best GRC software tools that help organizations streamline and automate their governance processes. With StandardFusion, you can easily create and manage policies, track compliance risks, and collaborate with stakeholders across the organization.
StandardFusion Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“Working with the StandardFusion team has been a breath of fresh air. They really understand what the core of the program is supposed to do.” – Katie Robinson
StandardFusion
Canada
11 – 50
2014
$1500.00 /month
Yes
4.9
14+ Reviews
4.8
21+ Reviews
10. SAP GRC – Best Cybersecurity and Governance, Risk, and Compliance Software
About SAP GRC: SAP GRC is a comprehensive governance, risk, and compliance software solution that helps organizations manage risk across their business operations. It provides a centralized view of risk, enables real-time monitoring of risk exposures, and provides tools for analyzing and responding to risk events. SAP GRC also includes a range of cybersecurity features to help organizations protect themselves from cyber threats. SAP GRC is an effective tool for managing governance, risk, and compliance within an organization. It provides a centralized view of risk that can be used to monitor and respond to risk events in real-time. SAP GRC also includes several cybersecurity features that can help organizations protect themselves from cyber threats.
SAP GRC Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“Over the years, the data we have collected has enabled the League to obtain significant hockey insights. These insights give the League the ability to constantly evolve and innovate the game, and that’s exactly what SAP helps us to do.” – Peter DelGiacco
SAP
United States
10,001+
1999
Not provided by vendor
No
4.5
32+ Reviews
4.2
62+ Reviews
11. Workiva – Centralize your Risk and Compliance Strategy across the Organization
About Workiva: Workiva provides a centralized platform for risk and compliance management. With Workiva, you can connect your risk and compliance data across the organization, identify and track risks, and develop and implement mitigation strategies. By centralizing your risk and compliance strategy, you can improve communication and coordination among different teams, reduce duplication of effort, and make more informed decisions.
Workiva Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“With the Workiva platform, we have secure and accurate data, flexibility, permissioning, and automated reminder emails from tags and comments. Creating connected data links between documents, sheets, and presentations makes updates easy.” – Tachahat Hemakul
Workiva
United States
1,001 – 5,000
2008
Not provided by vendor
No
4.5
40+ Reviews
4.5
362+ Reviews
12. LogicManager – Best GRC Software Solutions
About LogicManager: LogicManager is the best GRC tools and platform provider that helps organizations improve performance and drive efficiency. We offer a comprehensive suite of GRC software solutions that enable organizations to automate and streamline their GRC processes. Our solutions are designed to help organizations manage risk, comply with regulations, and make better decisions. Organizations today face an ever-increasing number of risks and regulations. To effectively manage these risks and comply with regulations, organizations need a comprehensive GRC solution. LogicManager’s GRC software solutions provide the tools organizations need to automate and streamline their GRC processes. LogicManager’s solutions are designed to help organizations manage risk, comply with regulations, and make better decisions.
LogicManager Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“LogicManager – from start to finish – I tell people it’s the best vendor experience that I’ve ever had. They always do what they say they’re going to do, you don’t have to continually follow-up and beg and plead, they’re right on top of it. They’re a real partner!” – John Harwell
LogicManager
United States
51 – 200
2005
Not provided by vendor
No
4.5
22+ Reviews
4.5
41+ Reviews
13. Vcomply – Best Governance Risk and Compliance Management Software
About Vcomply: Vcomply is a small business GRC software that helps organizations streamline their risk and compliance management processes. By providing an integrated suite of tools designed to manage all aspects of the GRC process – from policy management to incident logging to risk assessment – Vcomply can help organizations quickly and efficiently implement robust GRC strategies. The software offers features such as automated workflows, customizable dashboards, and reporting capabilities, making it easy for businesses, large or small, to keep track of their compliance activities in real time.
Vcomply Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“The VComply platform has been amazing. It’s simple yet powerful, and the implementation team made it clear they understood our pain points and had people in place, to get us deployed ASAP.” – Michelle Yong
VComply
United States
11 – 50
2019
$120.00 /month
Yes
5.0
01+ Reviews
4.6
42+ Reviews
14. SAI360 – Best ESG, GRC & EHS&S Software
About SAI360: SAI360 is the leading Environmental, Social, and Governance (ESG) cloud platform connecting Governance, Risk & Compliance (GRC), Environment, Health & Safety (EHS&S), and Learning. Our software-as-a-service (SaaS) offerings provide customers with a suite of applications to manage their organizations’ most critical risks and responsibilities. Customers use SAI360 to automate and streamline their operations, improve communication and collaboration across their organizations, and make better-informed decisions. The SAI360 platform helps companies manage environmental risks, social responsibilities, and government compliance issues more efficiently and effectively. SAI360 also provides a forum for sharing best practices and insights among users.
SAI360 Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“SAI360 is a vital tool for any compliance program. There are modules to fit every need, and the system is easy to customize. It is the best product for documenting the activities of a robust compliance program and allows you to workflow, just about any item.” – Donnetta H
SAI Global
Australia
201 – 500
2004
Not provided by vendor
No
0.0
00 Reviews
4.0
105+ Reviews
15. SureCloud – The World’s First GRC Capability Company
About SureCloud: SureCloud is the best GRC tool that enables organizations to effectively manage their risk, compliance, and security operations. It provides a comprehensive view of the entire GRC landscape in real time so users can make informed decisions quickly and accurately. With powerful analytics capabilities and integrated workflows, SureCloud helps organizations meet their regulatory obligations with ease while providing insights into potential risks and areas for improvement. The intuitive user interface ensures it’s easy for users to navigate the system and get started quickly without any technical expertise required. As a result, SureCloud has become an invaluable tool for many businesses looking to streamline their GRC processes.
SureCloud Features: Compliance Management, Audit Management, Assessment Management, Environmental Compliance, Incident Management, IT Risk Management, Operational Risk Management, Policy Management, Risk Analysis, Risk Assessment, Risk Management, Vendor Management
“SureCloud’s technology will help us gain a holistic view of our risk and compliance program, enabling us to identify our priorities for the coming year more easily. Knowing where we need to focus from the gap analysis can then allow for some quick wins, resulting in better engagement from our stakeholders as we begin to demonstrate value back to the business. These benefits should ensure an accelerated return on our investment and allow us to create a more effective strategy longer term.” – Eline van der Lugt
SureCloud
United Kingdom
51 – 200
2006
Not provided by vendor
No
0.0
00 Reviews
4.3
27+ Reviews
Frequently Asked Questions (F&Q)
What are the prime features of Governance, Risk & Compliance (GRC) Software?
- Automates the process of managing governance, risk, and compliance activities across the organization
- Provides a unified platform to identify and manage risks associated with regulatory requirements, internal policies, contracts, and other areas of your business
- Enhances visibility into the current state of your GRC program by providing real-time insights into all GRC performance indicators
- Allows for better collaboration between departments through streamlined communication across stakeholders
What are the benefits of Governance, Risk & Compliance (GRC) Software?
- Provides the ability to assign, monitor and manage user access to applications and data in a secure environment.
- Automates processes such as audit tracking and compliance reporting, increasing efficiency and reducing costs.
- Enables proactive management of risk by providing visibility into potential issues before they become problems.
- Improves organizational decision-making with comprehensive data analysis capabilities
How much does Governance, Risk & Compliance (GRC) Software cost?
GRC software can be a significant investment for organizations of any size. The cost of GRC software depends largely on the specific features and functionality that are needed, as well as how many users will need access to the system. Generally speaking, basic GRC solutions start at around $10,000 per year for five users, but more advanced solutions can cost tens or hundreds of thousands of dollars annually.
What is the main objective of Governance, Risk & Compliance (GRC) Software?
The objective of Governance, Risk & Compliance (GRC) Software is to provide organizations with a comprehensive system for managing and monitoring their risk management, compliance, and governance processes. GRC software helps organizations identify potential risks or areas of non-compliance to develop strategies that better protect the organization from these threats.
What are the four components of Governance, Risk & Compliance (GRC) Software?
GRC software typically includes four key components: Risk Management, Compliance Management, Audit Management, and Security/Data Protection. Risk management helps identify existing risks in the organization and develop mitigation plans to address them; compliance management ensures adherence to relevant standards; audit management automates auditing processes and tracks findings; and security/data protection safeguards confidential information.
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