10 Best Governance, Risk & Compliance (GRC) Software Guide

This article will cover some of the top rated Governance, Risk & Compliance (GRC) Software. These Platforms assist organizations in controlling risks, maintaining adherence to regulations, and enhancing corporate governance.

GRC software supports rapid business growth by optimizing visibility, automating compliance, lowering operational risk, and enhancing decision-making.

Key Poinst & Best Governance, Risk & Compliance (GRC) Software

GRC Software	Key Point
ServiceNow GRC	Integrated risk and compliance workflows
MetricStream	Strong enterprise scalability
RSA Archer	Comprehensive risk management modules
LogicManager	User-friendly compliance automation
Diligent GRC	Board governance and audit focus
IBM OpenPages	AI-powered risk analytics
Riskonnect	Cloud-native risk integration
NAVEX Global	Ethics and compliance management
Hyperproof	Continuous compliance monitoring
Resolver	Incident and risk intelligence

10 Best Governance, Risk & Compliance (GRC) Software

1. ServiceNow GRC

ServiceNow GRC is a businessCloud solution for Governance, Risk and Compliance (GRC) process consolidation at the enterprise level using ServiceNow AI Platform.

It facilitates real-time, risk-informed decision-making and automates workflow and operational resilience through business and IT systems.

ServiceNow GRC GRC augments integrated risk management, third-party risk, privacy, and business continuity modules and is applicable to the dashboards of process automation, compliance with changing business regulations, and operational resilience.

ServiceNow GRC Features

Diverse Risk & Compliance Dashboards – Unified dashboards allow various IT and business units to better understand the risks and make informed decisions.

Automated Workflows – With automation, manual work is minimized and remediating issues, and completing compliance related tasks becomes much easier.

Collaboration with ServiceNow Ecosystem – Cross-functional governance is achieved as it collaborates with other ServiceNow modules including ITSM and SecOps.

Reporting – Provides reports in real time and reflects the current compliance status and risks.

Pros	Cons
Provides centralized risk visibility and compliance tracking across the enterprise.	Higher cost, making it less suitable for small organizations.
Strong automation of workflows reduces manual effort.	Implementation and setup can be complex and time-consuming.
Seamless integration with other ServiceNow modules like ITSM and SecOps.	Users can experience a steep learning curve without proper training.
Real-time dashboards and reporting enable faster decision making.	Can require significant internal resources to customize fully.

2. MetricStream

MetricStream is GRC offering is large scale, configurable, and fully integrated, allowing users to unify risk management, compliance, audit, and third-party risk processes within large organizations.

Utilizing cutting-edge, AI-driven technology, users receive real-time risk assessments, predictive analytics, and consolidated reporting to aid in decision-making.

This solution helps to streamline and standardize enterprise risk frameworks, optimize the management of compliance and regulatory workflows, and aid in the efficient management of regulatory changes.

Thanks to comprehensive cyber risk, resilience, and continuous assurance support, MetricStream is recognized as a leading provider of connected GRC solutions.

MetricStream Features

Enterprise Risk & Compliance Management – Offers a single solution to integrate the risk, compliance, and audit functions.

Challenging Analytics & Dashboards – Offers dashboards with tools which include trend analytics, risk prediction, and heat mapping.

Regulatory Change Management – Monitors and reports the changes in regulations and updates internal controls to align with the new requirements.

Third-Party Risk Management – Evaluates and reports the risk of suppliers, consolidating compliance, and monitoring suppliers.

Pros	Cons
Comprehensive platform that combines risk, compliance, audit, and third-party risk.	Complex implementation usually requires external support.
Scales well for large and global enterprises.	Pricing may be high and not transparent without sales engagement.
Customizable workflows and strong analytics capabilities.	Complexity can overwhelm smaller risk teams.
Supports regulatory change management effectively.	Some users find the interface less intuitive than modern tools.

3. RSA Archer

RSA Archer is an adaptable modular GRC solution that integrates risk management, compliance tracking, policy enforcement, and auditing across the enterprise.

Its extensive functionality covers IT and security risk, operational risk, third-party governance, and business resiliency, especially in more intricate regulatory environments.

Archer provides organizations the flexibility to customize workflows and dashboards, offering various centralized views of different risk postures and automating activities.

Archer is often chosen by enterprise organizations because of its extensive features and functionality.

RSA Archer Features

Modular & Customizable Frameworks – Flexible modules let organizations tailor the GRC structure to specific needs.

Enterprise Risk & Incident Tracking – Handles risks, weaknesses, incidents, and remediation activities without hassles.

Policy and Compliance Library – Policies, controls, and compliance evidence are stored in a single central location.

Cross-Functional Risk Intelligence – Provides real-time correlation of risk data across business units for executives.

Pros	Cons
Highly customizable with modular architecture.	System configuration can be complex and labor intensive.
Supports a broad range of risk and compliance disciplines.	The user interface feels outdated compared to newer tools.
Strong for enterprise risk frameworks and policy management.	Requires extensive training to maximize platform value.
Good for integrating multiple business functions into one GRC hub.	Reporting can be cumbersome without expert setup.

4. LogicManager

LogicManager focuses on improving risk reporting and compliance performance through smart analytics and customizable dashboards.

It assists teams in identifying, assessing, and managing risk and aligning them with business goals and compliance regulations.

The platform focuses on the automation of workflows, risk reporting, audits and policy governance, and provides cross departmental clarity.

Its automated workflows, user-centric design, and guided support foster continuous improvement and collaboration.

For teams looking for practical support in risk and compliance, LogicManager is an excellent option.

LogicManager Features

Risk Assessment & Scoring Tools – Assists companies in the rapid identification, measurement, and prioritization of risks.

Workflow Automation – Automates processes such as control testing, issue assignments, and audit calendar scheduling.

Custom Dashboards & Reporting – Provides visual representations of risks, compliance, and audits through user-friendly graphs.

Regulatory Alignment Features – Offers support for control-regulation mapping to streamline compliance management.

Pros	Cons
Intuitive interface that improves usability for teams.	Reporting features are sometimes less powerful than competitors.
Good balance of risk, compliance, and audit functionality.	Some advanced risk features may require additional training.
Strong customer support and onboarding resources.	Interface could benefit from more modern design elements.
Helps centralize risk workflows and transparency.	Less suitable for highly complex regulatory environments.

5. Diligent GRC

Diligent GRC (previously branded as HighBond) is a unified governance, risk, and compliance platform, and the first in the sector to integrate audit, risk and compliance functions.

It facilitates enterprise risk management, automates internal audits, and manages regulatory reporting, with a focus on transparency and accountability across the leadership.

Diligent’s flexible solutions in the cloud enable organizations to streamline workflows, keep audit evidence, and comply with obligations in a more responsive manner.

Diligent integrates continuous governance to improve organizational resilience and strategic oversight in complex and shifting regulatory environments.

Diligent GRC Features

Unified Audit & Risk Management – Consolidates audit planning, execution, and risk assessments into a single platform.

Executive Reporting Modules – Offers customizable dashboards for board-level insights on compliance and risk.

Control Testing & Evidence Management: Organizes testing and evidence results to support audits.

Automated Notifications & Alerts – Provides reminders of compliance due dates and escalated risks.

Pros	Cons
User-friendly dashboards and executive reporting tools.	Setup and integration can be time and resource intensive.
Automates audit and compliance processes.	May be costly for smaller or mid-size organizations.
Enhances collaboration between risk and audit teams.	Learning curve for users unfamiliar with enterprise GRC.
Supports multiple compliance frameworks easily.	Some advanced features take time to master.

6. IBM OpenPages

IBM OpenPages is an enterprise GRC platform specializing in risk, compliance, and audit management for sophisticated organizations.

OpenPages, part of IBM’s analytics ecosystem, utilizes sophisticated reporting and predictive analytics to assist companies in spotting and managing operational, financial, and IT risk.

OpenPages has internal audit, model risk governance, third party risk, and data privacy modules, providing a comprehensive solution for governance and regulatory compliance.

IBM OpenPages Features

AI-Driven Risk Analytics – Utilizes AI to recognize trends, predict risks, and assist in strategic planning.

Integrated Controls Library – Store controls that map to policies, risks, and regulations in one central location.

Scenario Stress Testing – Evaluates risk exposure and what sort of impacts it could cause, along with response strategies.

Regulatory & Framework support – Offers preconfigured framework setups that fit with international standards (COSO, ISO, etc.).

Pros	Cons
Enterprise-grade GRC with deep risk and compliance coverage.	Integration with external tools can require custom work.
Strong analytics and predictive risk capabilities.	Designed mainly for large organizations, not small teams.
Modular design lets companies add capabilities as needed.	Reporting can be slower with complex or large datasets.
Good support for regulatory frameworks and controls management.	Requires dedicated internal expertise to maintain.

7. Riskonnect

Riskonnect offers an integrated GRC solution that is based on the cloud and helps enterprises manage risks by streamlining the processes of identifying, analyzing, and reporting risks.

With this software, enterprises can gain an understanding of the interconnections between different risks and can enhance their planning of audits, tracking of compliance, and reporting of incidents through workflow automation.

With its customizable dashboards and consolidated risk repository, Riskonnect assists its users in managing and assessing operational, strategic, and third-party risks in real-time. This platform is particularly strong for internal auditing and operational risk collaboration.

Riskonnect Features

Enterprise Risk Architecture – Collects information on risk occurrences, evaluations, and losses across different functions.

Operational & Strategic Risk Tools – Assists in the recognition of business, financial, and operational risks.

Incident & Claims Management – Monitors incidents and collaborates with the claims cycle for loss mitigation.

Interactive Dashboards & Reporting – Offers complex visual frameworks to facilitate risk comprehension and compliance.

Pros	Cons
Integrated platform combining risk, compliance, and operational resilience.	Limited customization for certain complex workflows.
Easy-to-read dashboards improve risk visibility.	Some users find the interface less flexible than expected.
Links risk data across business units and functions.	Performance can be slower with extensive data volumes.
Helps centralize audit, incident, and compliance data.	Reporting depth may not satisfy advanced users.

8. NAVEX Global

NAVEX Global provides a full-featured GRC suite with a reputation for strong ethics, compliance, and policy management.

It focuses on helping organizations develop culture-based compliance programs, which is why it positions itself as the only vendor with a comprehensive solution for consolidating risk questionnaires, third-party risk management, and regulatory tracking.

In addition to risk and compliance, NAVEX integrates training, whistleblower portals, and policy management to help organizations communicate and manage expectations and personally mitigate risk. Its preference for users and automation makes it a “go-to” for organizations that value compliance and ethics.

NAVEX Global Features

Ethics & Compliance Training Modules – Offers learning modules that promote and train on behavior and policy adherence.

Policy & Document Management – A policy repository with versioning and approval workflows.

Whistleblower & Reporting Hotline – A reporting channel for users to submit tickets anonymously, along with case-management capabilities.

Regulatory Mapping and Monitoring – Assists in documenting the relationships between internal controls and the regulations and monitoring the compliance.

Pros	Cons
Strong compliance training and ethics management tools.	Licensing costs can be high for full suite access.
Comprehensive policy and incident reporting modules.	Support quality can vary depending on region.
Good for building culture-based compliance programs.	Analytics capabilities may not match more advanced GRC platforms.
Includes integrated compliance frameworks and evidence tracking.	Less effective for deep risk quantification compared to peers.

9. Hyperproof

Hyperproof is an innovative compliance technology platform that streamlines automation and compliance workflows.

With Hyperproof, companies can easily manage control documentation, capture evidence, and prepare for audits, which alleviates the burden of manual compliance tasks.

Hyperproof offers customizable reporting, tool integrations, and effective real-time monitoring for compliance on multiple frameworks, such as ISO, SOC, and GDPR. It helps organizations and its users simplify compliance on multiple frameworks.

Dynamic IT, security, and compliance teams benefit from its user-friendly design and from the platform’s ongoing monitoring capabilities.

Hyperproof Features

Control & Evidence Management – Keeps controls and compliance evidence in one secure location.

Automated Evidence Collection – Merges with company systems to record proof of compliance automatically.

Continuous Compliance Monitoring – Evaluates control effectiveness and gaps on a consistent basis rather than an infrequent one.

User-Friendly Task Management – Helps compliance tasks to be assigned and managed across different users with notifications and workflow management.

Pros	Cons
Very user-friendly with modern interface and strong support.	Advanced GRC features are still evolving.
Simplifies evidence collection and audit readiness.	May lack niche integrations for specialized needs.
Real-time compliance tracking and alerts.	Not ideal for large enterprises with complex risk models.
Reduces manual tasks with automated workflows.	Some deeper risk analytics features are limited.

10. Resolver

Resolver GRC simplifies risk management, incident management, and compliance tracking. It allows organizations to identify exposures, simplify the reporting of incidents, assess the severity of risks, and manage corrective actions within structured workflows.

Integrating with enterprise risk management and audit preparedness, Resolver’s solutions foster collaboration by sharing data and dashboards across teams.

Its flexibility and focus on workflows make it ideal for organizations that want to improve their governance, risk, and compliance practices across functions.

Resolver Features

Risk Identification & Assessment Tools – Enables teams to document risks and evaluate them by severity, likelihood, and impact.

Incident & Case Management – Manages the lifecycle of an incident from detection to remediation, leveraging configurable workflows.

Interactive Dashboards & Analytics – Provides dashboards to visualize risks and the status of incidents.

Action & Issue Tracking – Tracks issues, assigns actions to be completed, and monitors them until they are closed.

Pros	Cons
Strong focus on risk analytics and incident management.	Initial implementation may demand significant time.
Configurable risk libraries and tracking tools.	Dashboards can feel less intuitive without setup.
Effective centralized risk and issue tracking.	Filtering large data sets can sometimes be slow.
Onboarding and training support is generally solid.	Some advanced features require customization.

Conclsuion

In summary, Best Governance, Risk & Compliance (GRC) Software enables organizations to improve their streamlining of compliance, proactive management of risks, and governance management.

GRC tools facilitate smarter decision-making and regulatory preparedness through centralizing data, automating workflows, and enhancing visibility.

Selecting the correct tool varies by business size, industry demands, and future state risk management objectives.

FAQ