Updated January 27, 2025 at 9:59 AM
Best Governance, Risk and Compliance (GRC) Software of 2025
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Onspring is a cloud-based governance, risk, and compliance (GRC) platform that helps streamline business processes and enhance efficiency across various industries. The platform caters to enterprises and government agencies seeking to automate their GRC ef...Read more about Onspring
recommendations
Hyperproof is a security compliance management software company focused on bringing trust to life for its customers. The platform empowers compliance, risk, and security teams to stay on top of all compliance work and manage organizational risks (including...Read more about Hyperproof
recommendations
Rivial Data Security enables organizations to accurately measure their risk, automate compliance, and mature their cybersecurity program. Our six-module platform, which includes Governance, Risk, Compliance, Vulnerabilities, Vendor Security, and Incident ...Read more about Rivial Data Security
recommendations
Risk Cognizance is a cloud-based GRC software platform. It can help businesses of all sizes improve their cybersecurity and compliance. The platform uses artificial intelligence to simplify compliance management, streamline audits, and enhance managed secu...Read more about Risk Cognizance GRC
recommendations
VelocityEHS is different. We’re not just a software company, we’re expert problem solvers who know how to simplify complex issues to deliver exceptional outcomes. Whether you’re a global enterprise or a smaller organization with big aspirations, a partners...Read more about VelocityEHS
recommendations
ManageEngine ADAudit Plus is a Windows auditing, security, and compliance solution. Key features include comprehensive logon auditing, detailed change monitoring, real-time risk alerting, and streamlined compliance reporting for Active Directory, Azure AD,...Read more about ManageEngine ADAudit Plus
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Efficiently manage your business' HIPAA, OSHA, and SOC 2 compliance. Our tailored platform is designed for your needs - offering a robust toolkit, customization options, and risk analytics for seamless execution of compliance objectives. What's Included: ...Read more about Healthcare Compliance Software
recommendations
LogicGate Risk Cloud is a no-code governance, risk, and compliance (GRC) platform that scales and adapts to the changing business needs and regulatory requirements. It combines a suite of purpose-built applications with intuitive technology that allows ris...Read more about LogicGate Risk Cloud
recommendations
Resolver’s risk management software is a cloud-based solution for midsize to larger enterprises that serves customers across a variety of industries and business needs. These industries include banking and financial services, healthcare and hospitals, insu...Read more about Resolver
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A1 Tracker Contract Management Software is a cloud-based contract management & lifecycle platform. A1 Tracker's features include contract approval workflow, documents, vendors, audits, reminder notifications, templates, certificates of insurance, and ...Read more about A1 Tracker
DocTract is the modern, intuitive choice for your cloud-based Policy Management and Training needs that can be rapidly deployed to all sizes and all types of organizations. All your workflow needs are built in from Collaboration to Approvals to Publishing...Read more about DocTract
Founded in 2015, C1Risk is a privately held, woman, minority-owned technology company headquartered in Silicon Valley. The 1Risk platform is a cloud-based SaaS, single, integrated, interconnected system designed to be the one source of truth for risk. Co...Read more about C1Risk
Athennian is a leading entity management platform engineered to optimize corporate governance, ensure compliance and manage documents effortlessly for legal operations, finance, tax and treasury teams worldwide. The platform enhances the entire entity life...Read more about Athennian
At ComplySci, we believe advanced compliance technology empowers compliance professionals to transform their business. More than 7,000 customers, including some of the world’s largest financial institutions, rely on ComplySci’s scalable and sophisticated p...Read more about COMPLY
Tandem's web-based application is designed to manage the compliance burden of information security regulations and improve the security posture of each of its users. Tandem is a business-to-business software as a service (SaaS) company and provides 11 uniq...Read more about Tandem Software
With augmented intelligence and actionable analytics, MDaudit is the platform that smart healthcare organizations turn to for billing compliance and revenue integrity goal attainment. MDaudit is a robust solution that reduces compliance risk, boosts produc...Read more about MDaudit Enterprise
Scrut Automation is a modern GRC platform designed to help businesses of all sizes achieve continuous compliance with frameworks like SOC 2, ISO 27001, GDPR, HIPAA, and more—without the manual overhead. With automated evidence collection, real-time risk mo...Read more about Scrut Automation
MemberCheck provides risk management solutions, including anti-money laundering (AML), know your customer (KYC), and know your business (KYB) for businesses. The suite of solutions is designed to streamline the customer onboarding process and ensure compli...Read more about MemberCheck
6clicks is transforming cyber risk and compliance management with its AI-powered platform. It offers a unique Hub & Spoke architecture ideal for distributed GRC programs and advisors, along with the first-ever AI engine, Hailey, built for cyber GRC. This i...Read more about 6clicks
Unlock the potential of your EHS program with HSI Donesafe - the ultimate single source of truth. Say goodbye to data deficiency and time constraints to embrace streamlined operations and actionable EHS insights. HSI Donesafe helps progressive workplaces ...Read more about HSI Donesafe
What is IntelliGRC? IntelliGRC is a cutting-edge GRC platform specializing in CMMC compliance, designed to make cybersecurity compliance authentically accessible, especially the Defense Industrial Base (DIB). Our tools significantly reduce the resources n...Read more about IntelliGRC
Okta is The World’s Identity Company™. As the leading independent Identity partner, we free everyone to safely use any technology — anywhere, on any device or app. The most trusted brands trust Okta to enable secure access, authentication, and automation. ...Read more about Okta
Designed for businesses in retail, insurance, construction, transportation and other industries, AuditBoard is a cloud-based platform that helps organizations manage audit, IT security, ESG and more. The solution facilitates collaboration and front-line ow...Read more about AuditBoard
ERA EH&S is a suite supporting environment, health and safety (EHS) management. It is primarily designed for general manufacturing and the oil and gas industries. The product has a reporting library that has the capability to automate environmental re...Read more about ERA EH&S Software
Accountable is a cloud-based compliance and risk management software designed for healthcare practices of all sizes. It helps users manage HIPAA compliance, policies and procedures, HIPAA training, risk assessment and business associate agreement functiona...Read more about Accountable
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Your Guide to Top Governance, Risk and Compliance (GRC) Software, October 2024
Software Advice uses reviews from real software users to highlight the top-rated Governance, Risk and Compliance (GRC) products in North America.
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“Usability” includes user ratings for Functionality and Ease of Use.
“Customer Satisfaction” includes user ratings for Customer Support, Likelihood to Recommend and Value for Money.
Reviews analysis period: The reviews analysis period spans two years and ends the 15th of the month prior to publication.
Buyers Guide
This detailed guide will help you find and buy the right grc software for you and your business.
Last Updated on January 27, 2025Different teams in a business often use disparate methods to record risk assessment values, audit results, and compliance data. Some may use spreadsheets, while others may store physical copies of data.
Such disparate practices make it difficult for you—the business owner or leadership team—to get a comprehensive picture of how your organization as a whole is complying with regulations, mitigating risks, and following policies.
Governance, risk, and compliance (GRC) software helps you monitor and enforce rules to coordinate data collection across teams and departments, assess risk exposure, conduct audits, and ensure organization-wide compliance with regulations and policies.
In this buyers guide, we'll dive into the different parameters you need to look at when purchasing a GRC solution. Here's what we'll cover:
Common features of GRC software
Key considerations when buying GRC software
What is GRC software?
GRC software is a tool that helps you incorporate synchronized data governance, risk, and compliance management strategies into your various business processes. It makes it possible to enforce frameworks that govern how data is stored and used, how risks are dealt with, and how policies are implemented.
GRC platforms offer a centralized system to manage data controls, assess risks, and update business rules based on risk exposure. The solution also allows you to track policies, maintain audit logs, record incidents, and monitor user privileges.
Risk diagnostic tool in ProcessGene (Source)
Common features of GRC software
The table below lists common features you need to look out for when buying GRC software solutions.
Create, review, edit, approve, and store policies and share them across the organization. | |
Change management | Support process modifications based on regulatory updates and help management in make changes to relevant controls, policies, and assessment techniques. |
Assess IT and operational risks in different business processes using qualitative and quantitative methods, such as benchmarking and stochastic analysis. | |
Help internal auditors plan and schedule audit tasks, track audit results, prepare audit reports, and suggest remediation methods. | |
Support users in identifying, recording and remediating events or activities that can lead to regulatory noncompliance, downtime, or financial or reputation loss. | |
Plan, define, control, and document activities around different types of compliance requirements such as financial reporting, healthcare regulations, or other service level agreements. | |
Dashboard | Provide real-time information on key compliance metrics, performance indicators, and risk levels to help management make decisions around controls or corrective action. |
Prepare, store, and archive audit reports, risk assessments, compliance reports, and attestations. | |
Notifications | Alert administrators or other authorized persons about elevated risks, compliance breaches, or any unusual activity through messages or emails. |
What type of buyer are you?
Industry regulations and the increasing risks of new and advanced security threats make GRC solutions invaluable to all organizations. Below we discuss two broad categories of businesses and the key attributes they need to look for in GRC solutions.
Small and midsize businesses (SMBs): GRC platforms offering basic functions such as reporting, auditing, risk management, and compliance management will help such buyers ensure organization-wide compliance and uniform risk mitigation strategies. (Several software vendors offer GRC solutions tailored to SMB needs and budgets.)
Large enterprises: Enterprises are under scrutiny by a larger number of regulations than SMBs due to their scale of business and, typically, geographically-distributed operations. Multinational companies should look at GRC solutions that offer support in different geographies. They may also need to opt for customized GRC solutions to meet their specific compliance and business policy needs.
Additionally, there are GRC solutions that cater to specific industry verticals such as banking and financial services (BFS), healthcare, and governments/public sector. Ask vendors on your shortlist if they offer GRC software solutions tailored to your industry.
Benefits of GRC software
In addition to ensuring proper governance, compliance with regulations, and risk management, here are some other benefits that you can see by using GRC software.
Save time by automating tasks: GRC platforms help employees save time by automating reporting, compliance, and risk assessment tasks. Employees don't have to manually prepare reports, plan audit jobs, etc. but can use the software to complete these tasks.
Improve collaboration by unifying processes: This software helps improve collaboration between your IT, operations, security, and legal teams by aggregating data on risks, compliance, policies, and controls from across the organization.
Reduce compliance costs: GRC tools help capture and notify different IT and operational risks, thereby reducing the cost of managing vulnerabilities and saving on regulatory expenses such as fines.
Key considerations when buying GRC software
Choosing the right GRC platform can be a challenge because of the number of options on the market. Here, we discuss a few things you should consider when purchasing GRC software.
Cloud vs. on-premise software: Choosing a deployment option is one of the key considerations when buying any type of software. Most GRC software vendors offer both SaaS and on-premise versions. Cloud-based GRC systems are more popular among SMBs due to their lower upfront costs.
Support compliance with multiple regulations: Organizations may cut into regulatory frameworks outside their industry. For example, a healthcare practice that accepts online payments; this practice will be subject to HIPAA as well as PCI-DSS. Each businesses should evaluate its individual business model before purchasing to better identify a GRC solution that accommodates all the different regulatory frameworks applicable.
Integrations: GRC software that integrates with general performance management systems, BI tools, etc. help provide a consolidated picture of your overall business operations. Integration with accounting software helps when financial approvals are needed for incident management or risk training.
Recent market developments
In this section, we discuss some of the key trends observed in the GRC software market.
Move toward integrated risk management: Gartner's report, "Transform Governance, Risk and Compliance to Integrated Risk Management" (available to Gartner clients only) notes that there is a shift away from compliance-focused activities in GRC software to greater investments in risk-based approaches. The industry is focusing more on aiding businesses in understanding and managing the full scope of risks that they face than in managing compliance issues alone.
Market consolidation: The GRC and risk management software market is witnessing strong consolidation, with large, well-established vendors taking over smaller firms. Some of the acquisitions that have happened recently include that of Rsam by ACL and Bwise by SAI Global.
Note: The applications selected in this article are examples to show a feature in context and are not intended as endorsements or recommendations. They have been obtained from sources believed to be reliable at the time of publication.