--- title: "Best Governance, Risk and Compliance (GRC) Software - 2026 Reviews & Pricing" description: "Find the best GRC Software for your organization. Compare top GRC Software systems with customer reviews, pricing, and free demos." source_url: "https://www.softwareadvice.com/risk-management/grc-comparison/" page_type: "subcategory" language: "en" --- [Home](https://www.softwareadvice.com/) / Governance, Risk and Compliance (GRC) Software Software Advice offers objective insights based on verified user reviews and independent product and market research. When our advisors match you to a software provider, we may earn a referral fee. # Best Governance, Risk and Compliance (GRC) Software of 2026 Updated November 1, 2026 On this page 1. FrontRunners 2. Popular Comparisons 3. Buyers Guide 4. Related Software Filter products 428 results ### Compare Products Showing 1 - 25 of 428 products #### Company Size - Self-Employed - 2-10 - 11-50 - 51-200 - 201-500 - 501-1000 - 1000+ #### Pricing Options - $$$$$ - $$$$$ - $$$$$ - $$$$$ - $$$$$ ### Compare Products Sort by **Recommendations**: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals. **Reviews**: Sorts listings by the number of user reviews we have published, greatest to least. **Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest. **Alphabetically (A-Z)**: Sorts listings by product name from A to Z. ### [Resolver](/pci-compliance/grc-cloud-profile/) - Overall rating: 4.4/5 - Reviews: 80 - Starting price: $10,000.00/year - Free trial: Not available - Free demo: Not available #### Overview 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 [Read more](/pci-compliance/grc-cloud-profile/) #### Features ##### Best rated features - Search/Filter: 5/5 - Alarm Management: 5/5 - Event Management: 5/5 - Reporting & Statistics: 5/5 ##### Worst rated features - Change Management: 1/5 - Internal Controls Management: 2/5 [See all features](/pci-compliance/grc-cloud-profile/#key-features) --- ### [VelocityEHS | EHS Software to Outpace Risk](/compliance/velocityehs-profile/) - Overall rating: 4.5/5 - Reviews: 166 - Best for: Value for money - Free trial: Available - Free demo: Not available #### Overview 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 [Read more](/compliance/velocityehs-profile/) #### Features ##### Best rated features - Collaboration Tools: 5/5 - Real-Time Reporting: 5/5 - OSHA Recordkeeping: 4.8/5 - Inspection Management: 4.8/5 ##### Worst rated features - Monitoring: 3.8/5 - Dashboard: 4/5 - Real-Time Monitoring: 4/5 [See all features](/compliance/velocityehs-profile/#key-features) #### Pricing ##### Basic - Price: Custom - Pricing available upon request [See full pricing details](/compliance/velocityehs-profile/#pricing-and-plans) --- ### [Athennian ](/company-secretarial/athennian-profile/) - Overall rating: 4.8/5 - Reviews: 43 - Free trial: Not available - Free demo: Not available #### Overview Athennian is a leading entity management platform engineered to optimize corporate governance, ensure compliance and manage documents effortlessly for legal operations, finance, [Read more](/company-secretarial/athennian-profile/) #### Features ##### Best rated features - Customizable Reports: 5/5 - Collaboration Tools: 5/5 - Monitoring: 5/5 - Version Control: 5/5 [See all features](/company-secretarial/athennian-profile/#key-features) --- ### [Sprinto](/compliance/sprinto-profile/) - Overall rating: 4.7/5 - Reviews: 86 - Free trial: Available - Free demo: Not available #### Overview Sprinto is the world's first Autonomous Trust Platform, helping companies from Series A to enterprise run and scale security, compliance, and risk. It detects change across your [Read more](/compliance/sprinto-profile/) #### Features ##### Best rated features - Operational Risk Management: 5/5 - Approval Process Control: 5/5 - HIPAA Compliant: 5/5 - Assessment Management: 5/5 ##### Worst rated features - Real-Time Data: 3/5 - Version Control: 4/5 [See all features](/compliance/sprinto-profile/#key-features) #### Pricing ##### Basic - Price: Custom - Pricing available upon request [See full pricing details](/compliance/sprinto-profile/#pricing-and-plans) --- ### [NAVEX IRM](/product/76152-Navex-IRM/) - Overall rating: 4.7/5 - Reviews: 20 - Starting price: $2,600.00/month - Free trial: Not available - Free demo: Not available #### Overview Recognized as a Leader in the Gartner® Magic Quadrant for both IT Risk Management and IT Vendor Risk Management, NAVEX IRM brings visibility to risks frequently managed in [Read more](/product/76152-Navex-IRM/) --- ### [DocTract](/policy-management/doctract-profile/) - Overall rating: 5.0/5 - Reviews: 46 - Free trial: Not available - Free demo: Not available #### Overview DocTract is a cloud-based policy management solution designed to support the creation, approval, tracking and distribution of organizational policies and procedures. It is used by [Read more](/policy-management/doctract-profile/) #### Features ##### Best rated features - Risk Management: 5/5 - ISO Compliance: 5/5 - FDA Compliance: 5/5 - Policy Metadata Management: 5/5 ##### Worst rated features - Commenting/Notes: 4/5 [See all features](/policy-management/doctract-profile/#key-features) --- ### [Onspring](/bpm/onspring-profile/) - Overall rating: 4.8/5 - Reviews: 105 - Best for: Value for money - Free trial: Not available - Free demo: Not available #### Overview Onspring is a cloud-based governance, risk and compliance (GRC) platform that helps streamline business processes and enhance efficiency across various industries. The platform [Read more](/bpm/onspring-profile/) #### Features ##### Best rated features - Policy Creation: 5/5 - Incident Reporting: 5/5 - KRI (Key Risk Indicator) Monitoring: 5/5 - PCI Compliance: 5/5 [See all features](/bpm/onspring-profile/#key-features) --- ### [Scrut Automation](/product/514978-Scrut/) - Overall rating: 4.9/5 - Reviews: 139 - Best for: Small businesses - Free trial: Not available - Free demo: Not available #### Overview Scrut Automation is a governance, risk and compliance platform designed to help organizations develop and manage security-focused GRC programs. It supports businesses at various [Read more](/product/514978-Scrut/) #### Features ##### Best rated features - Policy Library: 5/5 - Security Auditing: 5/5 - Documentation Management: 5/5 - Template Management: 5/5 ##### Worst rated features - Customizable Reports: 4/5 - Support Ticket Management: 4/5 - Policy Training: 4/5 - Enterprise Risk Management: 4/5 [See all features](/product/514978-Scrut/#key-features) --- ### [Rippling](/hr/rippling-profile/) - Overall rating: 4.9/5 - Reviews: 4,886 - Starting price: CA$8.00/month - Best for: Mid-size businesses - Free trial: Available - Free demo: Not available #### Overview Rippling is the AI workforce management platform that connects HR, IT, and Finance — giving Rippling AI everything it needs to help run your company. Because employee data, [Read more](/hr/rippling-profile/) ##### What users love - Simple and intuitive user experience - Unified payroll and HR management - Intuitive and clear navigation ##### To take in mind - Slow and inconsistent support response - Cumbersome time off management - Overly complex security measures #### Features ##### Best rated features - Content Management: 5/5 - Authentication: 5/5 - Sick Leave Tracking: 5/5 - Social Sign On: 5/5 [See all features](/hr/rippling-profile/#key-features) #### Pricing ##### Core - Price: CA$8.00/month - Custom Quote available ##### Pro - Price: CA$8.00/month - Custom Quote available [See full pricing details](/hr/rippling-profile/#pricing-and-plans) --- ### [QT9 QMS](/manufacturing/qt9-profile/) - Overall rating: 4.8/5 - Reviews: 126 - Best for: Ease of use - Free trial: Available - Free demo: Not available #### Overview QT9 QMS is a web-based quality management solution used by companies to comply with ISO and FDA quality standards. The software is available for deployment either on-premise or in [Read more](/manufacturing/qt9-profile/) #### Features ##### Best rated features - Image Capture: 5/5 - Supplier Quality Control: 5/5 - Supplier Management: 5/5 - Gantt/Timeline View: 5/5 [See all features](/manufacturing/qt9-profile/#key-features) #### Pricing ##### QT9 QMS - Price: Custom - Pricing available upon request [See full pricing details](/manufacturing/qt9-profile/#pricing-and-plans) --- ### [A1 Tracker](/crm/a1-tracker-profile/) - Overall rating: 4.9/5 - Reviews: 84 - Starting price: $250.00/month - Free trial: Available - Free demo: Not available #### Overview A1 Enterprise provides a dynamic Enterprise Risk Management software "A1 Tracker" to secure a better future for your organization. Product is offered as cloud-based solution or [Read more](/crm/a1-tracker-profile/) #### Features ##### Best rated features - Asset Tracking: 5/5 - Vendor Master Data Management: 5/5 - Reporting/Project Tracking: 5/5 - Collaboration Tools: 5/5 [See all features](/crm/a1-tracker-profile/#key-features) #### Pricing ##### Enterprise - Price: $250.00/month - 5 User Minimum. Monthly and Annual Renewal Options. Implementation costs vary and may include: - [See full pricing details](/crm/a1-tracker-profile/#pricing-and-plans) --- ### [C1Risk](/hipaa-compliance/cyberone-profile/) - Overall rating: 4.9/5 - Reviews: 23 - Starting price: $6,500.00/year - Free trial: Available - Free demo: Not available #### Overview 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, [Read more](/hipaa-compliance/cyberone-profile/) #### Features ##### Best rated features - Audit Trail: 5/5 - Audit Management: 5/5 - Exceptions Management: 5/5 - Mobile Access: 5/5 ##### Worst rated features - Incident Management: 3/5 - Policy Metadata Management: 4/5 - Asset Tracking: 4/5 [See all features](/hipaa-compliance/cyberone-profile/#key-features) #### Pricing ##### Basic - Price: $6,500.00/year [See full pricing details](/hipaa-compliance/cyberone-profile/#pricing-and-plans) --- ### [Healthcare Compliance Software](/cloud-security/the-guard-profile/) - Overall rating: 4.9/5 - Reviews: 32 - Starting price: $299.00/month - Free trial: Not available - Free demo: Not available #### Overview The Guard Healthcare Compliance Software is a platform designed to help healthcare organizations manage and track compliance requirements across various regulations. It is suitable [Read more](/cloud-security/the-guard-profile/) #### Features ##### Best rated features - Archiving & Retention: 5/5 - User Management: 5/5 - Real-Time Notifications: 5/5 - Document Automation: 5/5 ##### Worst rated features - Training Management: 3/5 - API: 4/5 - Task Management: 4/5 [See all features](/cloud-security/the-guard-profile/#key-features) --- ### [Accountable](/lms/accountable-profile/) - Overall rating: 4.8/5 - Reviews: 35 - Starting price: $0.00/month - Free trial: Available - Free demo: Not available #### Overview 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 [Read more](/lms/accountable-profile/) #### Features ##### Best rated features - Course Management: 5/5 - Multi-Physician: 5/5 - Policy Creation: 5/5 - Training Administration: 5/5 ##### Worst rated features - Audit Management: 3.3/5 - Risk Analysis: 4/5 - Vendor Risk Management: 4/5 [See all features](/lms/accountable-profile/#key-features) #### Pricing ##### Training Only - Price: $0.00/month - For teams needing straightforward HIPAA training. +$25 per training certificate ##### Essential - Price: $99.00/month - For teams needing straightforward HIPAA training. +$25 per training certificate - Everything On ##### Full Service - Price: $449.00/month - Ideal for companies wanting white glove service. +$25 per training certificate [See full pricing details](/lms/accountable-profile/#pricing-and-plans) --- ### [Interfacing Business Process Management](/low-code-development/enterprise-process-center-profile/) - Overall rating: 4.8/5 - Reviews: 24 - Free trial: Available - Free demo: Not available #### Overview Digital Integrated Management System is an enterprise platform designed to help organizations map, analyze, automate and monitor business processes while managing regulatory [Read more](/low-code-development/enterprise-process-center-profile/) #### Features ##### Best rated features - Business Process Automation: 5/5 - Workflow Configuration: 5/5 - Collaboration Tools: 5/5 - Web/Mobile App Development: 5/5 ##### Worst rated features - Mobile Access: 2/5 - Document Capture: 2/5 - Customizable Templates: 2/5 - Third-Party Integrations: 3/5 [See all features](/low-code-development/enterprise-process-center-profile/#key-features) #### Pricing ##### Basic - Price: Custom - Pricing available upon request [See full pricing details](/low-code-development/enterprise-process-center-profile/#pricing-and-plans) --- ### [Hyperproof](/risk-management/hyperproof-profile/) - Overall rating: 4.8/5 - Reviews: 117 - Starting price: $12,000.00/year - Best for: Customer support - Free trial: Not available - Free demo: Not available #### Overview Hyperproof is an AI-powered governance, risk, and compliance platform designed to streamline GRC operations. It is used by organizations in industries such as healthcare, [Read more](/risk-management/hyperproof-profile/) #### Features ##### Best rated features - Documentation Management: 5/5 - Activity Dashboard: 5/5 - Assessment Management: 5/5 - Alerts/Notifications: 5/5 ##### Worst rated features - HIPAA Compliant: 1/5 - Customizable Reports: 3.9/5 [See all features](/risk-management/hyperproof-profile/#key-features) --- ### [Tandem Software](/risk-management/tandem-software-profile/) - Overall rating: 4.8/5 - Reviews: 59 - Free trial: Available - Free demo: Not available #### Overview 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 [Read more](/risk-management/tandem-software-profile/) #### Features ##### Best rated features - Audit Management: 5/5 - Risk Management: 5/5 - Activity Dashboard: 5/5 - Document Storage: 5/5 ##### Worst rated features - Performance Metrics: 3/5 - Sourcing Management: 3/5 - Collaboration Tools: 3.5/5 [See all features](/risk-management/tandem-software-profile/#key-features) #### Pricing ##### Basic - Price: Custom - Pricing available upon request [See full pricing details](/risk-management/tandem-software-profile/#pricing-and-plans) --- ### [MDaudit Enterprise](/compliance/mdaudit-enterprise-profile/) - Overall rating: 5/5 - Reviews: 8 - Free trial: Not available - Free demo: Not available #### Overview With augmented intelligence and actionable analytics, MDaudit is the platform that smart healthcare organizations turn to for billing compliance and revenue integrity goal [Read more](/compliance/mdaudit-enterprise-profile/) #### Features ##### Best rated features - Activity Dashboard: 5/5 - Audit Planning: 5/5 - Compliance Management: 5/5 - Monitoring: 5/5 ##### Worst rated features - Audit Management: 4/5 [See all features](/compliance/mdaudit-enterprise-profile/#key-features) --- ### [IntelliGRC](/compliance/intelligrc-profile/) - Overall rating: 5/5 - Reviews: 6 - Starting price: $425.00/month - Free trial: Not available - Free demo: Not available #### Overview What is IntelliGRC? IntelliGRC is a cutting-edge GRC platform specializing in CMMC compliance, designed to make cybersecurity compliance authentically accessible, especially the [Read more](/compliance/intelligrc-profile/) #### Features ##### Best rated features - Activity Tracking: 5/5 - Activity Dashboard: 5/5 - Document Storage: 5/5 - Audit Management: 5/5 ##### Worst rated features - Policy Management: 3.3/5 [See all features](/compliance/intelligrc-profile/#key-features) --- ### [MemberCheck](/risk-management/membercheck-profile/) - Overall rating: 4.8/5 - Reviews: 15 - Free trial: Available - Free demo: Not available #### Overview **Enterprise AML, KYC & KYB Compliance That Scales With You** MemberCheck is an enterprise-grade AML compliance and risk management platform built for businesses that can't afford [Read more](/risk-management/membercheck-profile/) #### Features ##### Best rated features - Compliance Management: 5/5 - Real-Time Data: 5/5 - For Banking: 5/5 - Alerts/Notifications: 5/5 [See all features](/risk-management/membercheck-profile/#key-features) #### Pricing ##### Entry level Plan - Price: Custom - Pricing available upon request - Plans start at as little as 3 cents per scan. [See full pricing details](/risk-management/membercheck-profile/#pricing-and-plans) --- ### [6clicks](/pci-compliance/6clicks-profile/) - Overall rating: 4.8/5 - Reviews: 13 - Starting price: $0.00/year - Free trial: Available - Free demo: Not available #### Overview 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 [Read more](/pci-compliance/6clicks-profile/) #### Features ##### Best rated features - Real-Time Reporting: 5/5 - Activity Dashboard: 5/5 - Access Controls/Permissions: 5/5 - HIPAA Compliant: 5/5 ##### Worst rated features - Risk Alerts: 4/5 - Reporting/Analytics: 4/5 [See all features](/pci-compliance/6clicks-profile/#key-features) #### Pricing ##### Basic - Price: $0.00/year [See full pricing details](/pci-compliance/6clicks-profile/#pricing-and-plans) --- ### [COMPLY](/compliance/complysci-profile/) - Overall rating: 4.8/5 - Reviews: 24 - Starting price: $3,000.00/year - Free trial: Not available - Free demo: Not available #### Overview 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 [Read more](/compliance/complysci-profile/) #### Features ##### Best rated features - ISO Compliance: 5/5 - Archiving & Retention: 4.9/5 - Compliance Tracking: 4.7/5 - Audit Management: 4.7/5 ##### Worst rated features - Audit Trail: 4/5 [See all features](/compliance/complysci-profile/#key-features) --- ### [ERA](/compliance/era-eh-and-s-profile/) - Overall rating: 4.8/5 - Reviews: 12 - Free trial: Not available - Free demo: Not available #### Overview ERA Environmental Management Solutions develops web-based EH&S management software for small, medium, and large manufacturers needing to comply with governmental regulations, [Read more](/compliance/era-eh-and-s-profile/) #### Features ##### Best rated features - Compliance Tracking: 5/5 - Hazardous Materials Management: 5/5 - Version Control: 5/5 - Environmental Compliance: 5/5 [See all features](/compliance/era-eh-and-s-profile/#key-features) --- ### [ZEBSOFT](/risk-management/zebsoft-profile/) - Overall rating: 5/5 - Reviews: 4 - Starting price: £1,000.00/year - Free trial: Available - Free demo: Not available #### Overview ZEBSOFT is a cloud-based governance, risk management, and compliance (GRC) solution designed to help businesses streamline processes related to auditing, equipment maintenance, [Read more](/risk-management/zebsoft-profile/) #### Pricing ##### Foundation Shield (Annual) - Price: £6,000.00/year - Foundation Shield is licensed annually at organisation level and starts from £6,000 per year. The ##### Growth Shield (Modules Add-On) - Price: £1,000.00/year - Growth Shield allows organisations to extend the Foundation Shield by adding additional compliance ##### Third-Party Portals (Add-On) - Price: £1,200.00/year - Third-Party Portals provide controlled access for external users such as suppliers, customers and [See full pricing details](/risk-management/zebsoft-profile/#pricing-and-plans) --- ### [Rivial Data Security](/financial-risk-management/rivial-data-security-profile/) - Overall rating: 4.8/5 - Reviews: 11 - Free trial: Not available - Free demo: Not available #### Overview Rivial Data Security enables organizations to accurately measure their risk, automate compliance, and mature their cybersecurity program. Our six-module platform, which includes [Read more](/financial-risk-management/rivial-data-security-profile/) #### Features ##### Best rated features - Vulnerability Assessment: 5/5 - Vulnerability Protection: 5/5 - Access Controls/Permissions: 5/5 - Assessment Management: 5/5 [See all features](/financial-risk-management/rivial-data-security-profile/#key-features) --- 1 [2](https://www.softwareadvice.com/risk-management/grc-comparison/?__ai_markdown=true&page=2)[3](https://www.softwareadvice.com/risk-management/grc-comparison/?__ai_markdown=true&page=3)[4](https://www.softwareadvice.com/risk-management/grc-comparison/?__ai_markdown=true&page=4)[5](https://www.softwareadvice.com/risk-management/grc-comparison/?__ai_markdown=true&page=5) ... [18](https://www.softwareadvice.com/risk-management/grc-comparison/?__ai_markdown=true&page=18) ## Popular Comparisons [ Rippling vs Okta ](https://www.softwareadvice.com/risk-management/okta-profile/vs/rippling/)[ Mitti (by SafetyCulture) vs MasterControl Quality Excellence ](https://www.softwareadvice.com/cmms/iauditor-profile/vs/mastercontrol/)[ Hyperproof vs Optro ](https://www.softwareadvice.com/risk-management/hyperproof-profile/vs/soxhub/)[ Onspring vs Pirani ](https://www.softwareadvice.com/bpm/onspring-profile/vs/pirani-riskment-suite/)[ Qualio vs Ideagen Quality Management ](https://www.softwareadvice.com/compare/152557-qualio/vs/419186-Ideagen-Quality-Management/)[ Cority vs VelocityEHS | EHS Software to Outpace Risk ](https://www.softwareadvice.com/emissions-management/iqs-profile/vs/velocityehs/)[ Scrut Automation vs Ncontracts ](https://www.softwareadvice.com/compare/203854-ncontracts/vs/514978-Scrut/) ## 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. [Learn how products are chosen](https://www.softwareadvice.com/legal-page/frontrunners-methodology/) #### Explore FrontRunners - [Qualityze Suite](https://www.softwareadvice.com/cmms/qualityze-profile/) - [Hyperproof](https://www.softwareadvice.com/risk-management/hyperproof-profile/) - [Sprinto](https://www.softwareadvice.com/compliance/sprinto-profile/) - [Onspring](https://www.softwareadvice.com/bpm/onspring-profile/) - [Tandem Software](https://www.softwareadvice.com/risk-management/tandem-software-profile/) - [GRC Toolbox](https://www.softwareadvice.com/compliance/grc-toolbox-profile/) - [Risk Hawk](https://www.softwareadvice.com/policy-management/risk-hawc-profile/) - [TRAC](https://www.softwareadvice.com/product/423235-TRAC/) - [AuditBoard](https://www.softwareadvice.com/risk-management/soxhub-profile/) - [SoftExpert Suite](https://www.softwareadvice.com/bpm/softexpert-bpm-profile/) - [LogicGate Risk Cloud](https://www.softwareadvice.com/compliance/logicgate-profile/) - [Pirani](https://www.softwareadvice.com/risk-management/pirani-riskment-suite-profile/) - [DECISION FOCUS](https://www.softwareadvice.com/compliance/decision-focus-profile/) - [Netwrix Auditor](https://www.softwareadvice.com/risk-management/netwrix-auditor-profile/) - [MasterControl Quality Excellence](https://www.softwareadvice.com/manufacturing/mastercontrol-profile/) - [Ideagen Quality Management](https://www.softwareadvice.com/product/419186-Ideagen-Quality-Management/) “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. Different 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: [What is GRC software?](#WhatisGRCsoftware) [Common features of GRC software](#CommonfeaturesofGRCsoftware) [What type of buyer are you?](#Whattypeofbuyerareyou) [Benefits of GRC software](#BenefitsofGRCsoftware) [Key considerations when buying GRC software](#KeyconsiderationswhenbuyingGRCsoftware) [Recent market developments](#Recentmarketdevelopments) ## 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](https://www.softwareadvice.com/risk-management/processgene-profile/) _(_[Source](https://www.softwareadvice.com/risk-management/processgene-profile/)_)_ ## Common features of GRC software The table below lists common features you need to look out for when buying GRC software solutions. | Feature | Description | | --- | --- | | Policy management | 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. | | Risk management | Assess IT and operational risks in different business processes using qualitative and quantitative methods, such as benchmarking and stochastic analysis. | | Audit management | Help internal auditors plan and schedule audit tasks, track audit results, prepare audit reports, and suggest remediation methods. | | Incident management | Support users in identifying, recording and remediating events or activities that can lead to regulatory noncompliance, downtime, or financial or reputation loss. | | Compliance management | 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. | | Reporting | 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](https://www.softwareadvice.com/bi/), etc. help provide a consolidated picture of your overall business operations. Integration with [accounting software](https://www.softwareadvice.com/accounting/) 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](https://www.gartner.com/document/3464842)" (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._ ### Related Governance, Risk and Compliance (GRC) Software - [Accreditation Management Software](https://www.softwareadvice.com/accreditation-management/) - [Company Secretarial Software](https://www.softwareadvice.com/company-secretarial/) - [Compliance Software](https://www.softwareadvice.com/compliance/) - [ERM Software](https://www.softwareadvice.com/risk-management/erm-comparison/) - [GDPR Compliance Software](https://www.softwareadvice.com/risk-management/gdpr-comparison/) - [HIPAA Compliance Software](https://www.softwareadvice.com/hipaa-compliance/) - [PCI Compliance Software](https://www.softwareadvice.com/pci-compliance/) - [Policy Management Software](https://www.softwareadvice.com/policy-management/) - [Risk Management Software](https://www.softwareadvice.com/risk-management/)