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The 15 Best Governance, Risk, and Compliance Software for 2024

Solutions Review’s listing of the best governance, risk, and compliance software is an annual mashup of products that best represent current market conditions, according to the crowd. Our editors selected the best governance, risk, and compliance software based on each solution’s Authority Score; a meta-analysis of real user sentiment through the web’s most trusted business software review sites, and our own proprietary five-point inclusion criteria.

The editors at Solutions Review have developed this resource to assist buyers in search of the best governance, risk, and compliance software (GRC) and tools to fit the needs of their organization. Choosing the right vendor and solution can be a complicated process — one that requires in-depth research and often comes down to more than just the solution and its technical capabilities. To make your search a little easier, we’ve profiled the best governance, risk, and compliance software all in one place. We’ve also included platform and product line names and introductory software tutorials straight from the source so you can see each solution in action.

Note: The best governance, risk, and compliance software are listed in alphabetical order.

The Best Governance, Risk, and Compliance Software

Apptega

Platform: Apptega

Description: Apptega is a cybersecurity and compliance management platform that makes it easy for users to access, build, manage, and report their cybersecurity and compliance programs. Users can choose their frameworks, including CMMC, PCI, SOC 2, NIST, ISO, CIS v7, GDPR, HIPAA, and CCPA, among others. The platform also eliminates redundancy with Apptega Harmony, which enables users to instantly crosswalk all of their cybersecurity and privacy frameworks. Additionally, with Apptega, users can utilize a library of policy and plan templates as a starting point to meet specific control and sub-control environments.

Learn more and compare products with the Solutions Review Data Protection Buyer’s Guide.

AuditBoard

Platform: AuditBoard

Description: AuditBoard is a cloud-based GRC offering that includes a suite of risk, audit, and compliance tools. With the platform, users can conduct internal audits, manage risks, optimize workflow efficiency, maintain SOX compliance, and manage controls. AuditBoard also streamlines audit, risk, and compliance programs with an enterprise workflow engine purpose-built to automate interaction across those three lines. Additionally, users can integrate their risk management programs, including the identification, assessment, response, mitigation, and monitoring in a highly visual and intuitive way.

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Enablon

Platform: Enablon

Description: Enablon gives organizations the ability to use bow-tie functionality for identifying risks and impact, allowing users to decide on the best mitigating and preventative controls for their business. The platform is compatible with many large databases and lets users download data in a range of formats, such as PowerPoint, PDFs, and Excel spreadsheets. Additionally, users can consolidate data from all modules to create efficient reports and dashboards, which can accelerate analysis. Enablon also allows users to establish, manage, and track Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) to better meet objectives.

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Fusion Risk Management

Platform: Fusion Framework System

Description: Fusion Risk Management’s Fusion Framework System enables users to leverage objective risk insights that help to audit, analyze, and improve business operations. The platform also offers continuity planning capabilities, allowing users to sequence their actions based on dependency and what-if analysis, rather than static plans. Additionally, Fusion Framework System enables users to prioritize, set, and maintain impact tolerances to learn over time what their organization can withstand with regard to disaster.

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IBM

Platform: IBM OpenPages

Description: IBM OpenPages with Watson is an AI-driven, scalable governance, risk, and compliance solution that runs on any cloud. The platform offers a GRC virtual assistant that can translate documents across over 50 languages and offer 24/7 support. OpenPages can also provide insight into the state of risk across an organization with IBM Cognos Analytics for self-service data exploration. Additionally, a common risk library eliminates redundancies through shared documents, processes, risks, and controls.

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LogicGate

Platform: LogicGate Risk Cloud

Description: LogicGate Risk Cloud is a cloud-based platform offering a suite of risk management applications that transform how businesses manage their governance, risk, and compliance processes through a combination of expert-level content and service and no-code technology. All of these components create a holistic view of user risk programs. The platform offers a range of capabilities, including identification and assessment, monitoring and documentation, and action planning and remediation.

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Navex Global

Platform: Navex RiskRate

Description: Navex RiskRate provides a solution for third-party risk management and enterprise due diligence programs. The platform automatically screens and continuously monitors third-party risks against the world’s largest risk intelligence database, over 500 regulatory lists, 200,000 unique media publications, 1.5 million politically exposed persons, and more than 8 million adverse media profiles. RiskRate also aligns with program recommendations in the FCPA Guide and other regulatory and enforcement agency directions, helping businesses identify, stratify, and surface risks.

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Reciprocity

Platform: ZenGRC

Description: ZenGRC is a cloud-based SaaS solution that fits into existing Governance, Risk, and Compliance (GRC) programs and evolves to guide users throughout their maturity roadmap. With ZenGRC as the central platform for an organization’s full information security ecosystem, users can achieve continuous monitoring, efficient audit management capabilities, and built-in customizable end-to-end risk management. The platform also offers direct integrations with ServiceNow, AWS, Qualys, Slack, JIRA, and more.

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Resolver

Platform: Resolver IT Risk Management

Description: Resolver IT Risk Management is a cloud-based solution aimed at mid-size to large enterprises that serves users across various industries and business needs. The industries Resolver serves include banking and financial services, healthcare and hospitals, insurance, academic institutions, critical infrastructure organizations, airports, utilities, hospitality, government, and more. Additionally, the platform’s user experience brings higher user adoption across internal teams, which results in more effective data sharing throughout an organization.

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Riskonnect

Platform: Riskonnect GRC

Description: Riskonnect GRC is an integrated risk management platform that pulls and integrates data from a range of sources and improves automation for tedious processes while delivering actionable insight through in-depth analytics. The platform offers claims administration, internal auditing, risk management information systems, and compliance management features. Additionally, Riskonnect’s detailed analytics give users actionable intelligence by interpreting complex data sets.

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RSA Archer

Platform: RSA Archer GRC

Description: RSA Archer GRC enables users to manage the lifecycle of corporate policies, assess and respond to risks, and report compliance with internal and regulatory requirements across their enterprise. The software helps to eliminate silos during risk management to improve efficiency while maintaining accurate and unified data. Users can also make any changes needed within the software without the need for coding or development skills. Additionally, RSA Archer GRC provides multiple systems for the different needs of corporate governance.

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SAI360

Platform: SAI360

Description: SAI360’s cloud-first GRC platform offers flexible, scalable, and configurable modules for a better vantage point on risk management. The vendor also provides educational features and monitoring of third-party access, which can cultivate a culture of compliance for businesses. SAI360 also delivers a streamlined vendor risk management lifecycle, as well as an extensive regulatory content knowledge base. In addition, the platform offers compliance education through company-wide training on the latest policies and processes, and automated critical workflow to improve accountability.

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SAP

Platform: SAP GRC

Description: SAP GRC gives users the ability to automate and manage risks, controls, identities, cyber threats, and international trade across a business with embedded analytics and artificial intelligence. Users can document, assess, test, and remediate critical process risks and controls by streamlining enterprise-wide compliance efforts and utilizing best practice internal control processes. Additionally, SAP GRC provides automated user provisioning, role management, privileged access, and periodic certification while continuously monitoring users and applications for risk.

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ServiceNow

Platform: ServiceNow Governance, Risk, and Compliance

Description: ServiceNow Governance, Risk, and Compliance provides organizations with the tools needed to proactively manage risk by measuring, testing, and auditing internal processes. The platform features intuitive reporting and analytics capabilities that enable organizations to track and measure any metrics based on their specific needs. ServiceNow differentiates itself through its chat and communication features, which allow for simplified workflow management and collaboration among external and internal teams.

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StandardFusion

Platform: StandardFusion

Description: StandardFusion is a cloud-based GRC platform developed for information security teams at organizations of any size. The solution is designed to easily manage operational risk, audits, and vendors with an intuitive user experience and leading customer service. StandardFusion enables users to leverage the use of the provider’s integrated threat library to simplify the process of identifying risks. The software also gives users the ability to track not only the risks but also their associated assets. Users can also connect their risks to mitigating controls to show how their organization treats its threats.

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