Companies must comply with a risk management system that allows them to mitigate possible risks as much as possible. With governance, risk & compliance software, companies can effectively avoid liabilities that might down their business and their reputation. Here are some of the best governance risk and compliance software.


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

1. QVALON

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Rating: 4.8/5

Price: $50/Month

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2. AdaptiveGRC

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Rating: 5/5

Price: $995/Month

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3. Fusion Framework System

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Rating: 5/5

Price: Custom

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4. IHASCO ELearning

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Rating: 5/5

Price: Free

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5. Simply Voting

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Rating: 5/5

Price: Custom

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6. VendorPanel

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Rating: 4.7/5

Price: $1000.00/Month

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7. Resolver

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Rating: 4.5/5

Price: $10000/month

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8. Sumsub

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Rating: 5/5

Price: Free

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9. Onboard

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Rating: 5/5

Price: $149/month

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10. LogicGate

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Rating: 4.8/5

Price: Custom

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11. Cority

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Rating: 4.7/5

Price: Custom

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What Is Governance, Risk & Compliance (GRC) Software?

Governance, risk & compliance software is a risk management software that allows businesses and organizations to mitigate their risk that minimizes the damage of financial, legal, and liability consequences. The governance risk and compliance software helps companies cover various risks that could impact their company and their operations.

Benefits

Governance, risk & compliance software helps companies to define and monitor strategies for risk management, which these risks include hazard, operational and financial risks that could negatively impact their company if not contained properly. The governance risk and compliance software solutions platform help companies to evaluate risks and incidents and find solutions to minimize the consequences caused by these risks that took place within the company. The governance risk compliance software helps enforce policies in place both from the company and regulation laws that ensure compliance from the company to minimize the damage and risk possible. The governance risk compliance software helps compliance officers and managers to manage the integrity and reputation of the company to avoid damaging situations such as lawsuits, investigation exposes, and hazards.

Features

Governance, risk & compliance software should provide tools for compliance officers to assess and mitigate business risks in the company operations. The governance risk management and compliance software should provide communication tools to inform possible risks to the company’s employees. The governance risk and compliance GRC software should provide compliance management tools for implementing and enforcing company policies and regulation laws. The GRC governance risk compliance software should help compliance managers to implement audit programs and tasks into the company operations. The governance risk & compliance GRC software should provide business continuity management tools to ensure undisrupted operations even during idle hours. The governance risk management compliance software should provide training and onboarding tools to help train new employees on the company’s policies for compliance. The software should be able to support various risk management methodologies possible to ensure better and more detailed solutions.

  • Business mitigation tools
  • Risk communication tools
  • Compliance management tools
  • Implement audit programs
  • Business continuity management tools
  • Training and onboarding tools
  • Risk management methodologies

Top 10 Governance, Risk & Compliance (GRC) Software

1. VendorPanel

VendorPanel’s source-to-pay software is flexible which makes the procurement process easier and more effective. VendorPanel has 86 employees and earns annual revenue of $12.5 million.

2. Fusion Framework System

Fusion Framework System helps companies to simplify the complexity of their company operations with effective results that get the job done. Fusion Framework System has 363 employees and earns annual revenue of $59.9 million.

3. Resolver

Resolver helps companies manage their risks and incidents easily in a single enterprise incident management software. Resolver has 243 employees and earns annual revenue of $35.2 million.

4. LogicGate

LogicGate’s GRC software helps companies resolve their risk situations in hand-crafted software. LogicGate has 222 employees and earns annual revenue of $34.6 million.

5. QVALON

QVALON’s software provides mobile solutions for companies to manage their retail operations easily that can help companies enhance their brand and increase chances of profit. QVALON has 113 employees and earns annual revenue of $27 million.

6. IHASCO ELearning

IHASCO ELearning’s HR compliance software is easy to use with its eLearning software capabilities that make training effective in a short period of time. IHASCO has 138 employees and earns annual revenue of $18.1 million.

7. Sumsub

Sumsub provides verification software that is easily flexible for their business and operations. Sumsub has 161 employees and earns annual revenue of $10.3 million.

8. AdaptiveGRC

AdaptiveGRC’s risk and compliance software help companies to identify problems and manage their company governance. AdaptiveGRC has 37 employees and earns a revenue of $7 million.

9. Simply Voting

Simply Voting provides online voting software that helps organizations manage their elections effectively and securely. Simply Voting has 14 employees and earns annual revenue of $2 million.

10. Onboard

Onboard helps companies to train and onboard employees faster so they can communicate with customers effectively. Onboard has 8 employees and earns annual revenue of $1.2 million.

FAQ

Is governance, risk & compliance software similar to cybersecurity software?

No. Governance, risk & compliance software is not similar to cybersecurity software as the latter software focuses on security and privacy but does not provide tools for companies to manage risks.

What other software integrates with governance, risk & compliance software?

Governance, risk & compliance software often integrates with environmental software and safety management software as it helps retailers and manufacturing warehouses to manage their governance, risk, and compliance.

How much does governance, risk & compliance software cost?

Pricing for governance, risk & compliance software can range from free to $10,000 per month or more with some software offering custom pricing which increases its pricing as it offers more features through subscription tiers. Pricing for governance, risk & compliance software varies depending on the features available and the intended users. Small companies may benefit from low-cost governance, risk & compliance software while large companies may benefit from high-cost governance, risk & compliance software.


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