GRC software assists businesses in managing all of the necessary documentation and processes to ensure maximum productivity and preparedness. GRC tools can simplify and streamline compliance with data privacy regulations such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). To continue to invest in new opportunities for growth, data management, and user experience, companies must consider GRC standards. GRC consists of three components: risk, governance, and compliance. Each impacts the organization and provides information. GRC platform vendors typically package them as a whole to deliver these collective benefits to the user. You can find the list of the ten best GRC tools below.
1. 6clicks
Thanks to its world-class partner program and white-label capabilities, 6clicks is suitable for businesses of all sizes. 6clicks makes it easy to implement a risk and compliance program or achieve compliance with ISO 27001, SOC 2, PCI-DSS, HIPAA, NIST, FedRamp, and other standards.
2. RSA Archer
The RSA Archer Suite fulfills the needs of businesses of all sizes and industries. It includes solutions and tools for multidisciplinary risk and compliance management. RSA Archer eliminates silos in the risk management process, allowing all efforts to be streamlined and information to be accurate, consolidated, and comprehensive. The platform’s configurability enables users to make changes quickly and without coding or database development.
3. Logic Manager
The Logic Manager platform, a compelling choice for risk management processes and compliance, prepares businesses for all types of future threats by utilizing cutting-edge risk data. With its GRC solution, this company covers finance, government, education, healthcare, and technology. This technology accelerates collecting and managing data.
4. Audit Board
AuditBoard’s modern connected risk platform is intended to elevate your teams, engage your front-line employees, and assist you in leveraging risk as a strategic driver. A unified data core at the heart of our connected risk architecture centralizes your organization’s risks, controls, policies, frameworks, issues, and more. A platform capability set surrounds the core, including collaboration, automation, a robust workflow engine, business intelligence, and a highly extensible integration layer.
5. Standard Fusion
StandardFusion is an end-to-end GRC platform designed to provide organizations with the visibility, centralization, and collaboration required to mitigate information security risk and enable information security teams to drive revenue growth. Six core solutions are integrated into the platform. Each is highly configurable with centralized data, allowing users to gain visibility into compliance programs at any stage and produce evidence reports to satisfy auditors and stakeholders at any time.
6. SAP GRC
SAP’s GRC offering for large enterprises is a robust suite of tools that provides real-time control and visibility over business risks and opportunities. SAP’s in-memory data access provides cutting-edge data and predictive analytics capabilities linked to integrated risk
management. One commonly mentioned disadvantage is that implementation can take longer than other GRC providers, which is understandable given the volume of integration and customization options.
7. Service Now
ServiceNow, a well-known name in the digital technology landscape, has its own dedicated GRC solution designed to facilitate better business decision-making. By tracking data across various environments in a unified space, Governance Risk and Compliance technology assist businesses in improving resilience. You can get real-time visibility into your daily business operations and use tracking tools to collaborate with internal or external teams.
8. Ncontracts
Many financial institutions use manual processes to manage risk and compliance. Departments suffer from a lack of collaboration and communication, and failure to do so results in massive fines and penalties. Ncontracts provides integrated risk management solutions that cover the entire risk lifecycle, including enterprise risk, vendor risk, business continuity, compliance, audit, findings, and cybersecurity. Customers can select modules to meet specific requirements or build an enterprise risk management system.
9. IBM Open Pages
IBM OpenPages with Watson are used by industry titans such as General Motors. It provides core services and functional components spanning operational risk, policy and compliance, financial controls management, IT governance, and internal audit. Although any per-user cost can become unruly as the team grows, IBM OpenPages has a flexible price that may work well for smaller groups that need to keep their spending under control. The annual fee is reasonable enough that they received high marks in the Value for Cost assessment.
10. Sai Global
SAI360 from SAI Global offers three different editions of its platform to meet a wide range of needs, from small businesses that only need the basics to large enterprises that require extensive customization. SAI360 catalogs, monitors, updates, and manages an organization’s operational GRC requirements. It focuses on monitoring third-party access to your systems, automating workflows to fill gaps, and fostering a culture of compliance best practices among internal teams.
