It’s important for companies to minimize risks as much as possible that can potentially impact their company in many ways. With GRC platforms software, companies can use this software to minimize and mitigate risks that could help prevent companies from getting into trouble. Here are some of the best GRC platforms software available right now.
18+ GRC Platforms Software
2. LogicGate Risk Cloud
14. SAS GRC
15. Essential ERM
18. Navex One
What Is GRC Platforms Software?
GRC platforms software is a risk management software where companies can minimize the risk that can impact their financial and legal standing as a company. Companies use this enterprise risk management software to implement strategies for risk management.
GRC platforms software helps companies to cover multiple risks that might compromise their operations, ranging from financial risks to operational risks. Through the GRC risk management software, companies can evaluate their risks and measure their impact on their operations. Through risk evaluation, the risk and compliance management software guide companies to implement changes in their strategies, policies, and regulations in their company as one of the solutions to their problems that can transform into potential risks. GRC management software also helps companies to avoid further risk scenarios that could compromise their company’s integrity such as lawsuits. The GRC platform is also typically bundled with various risk management software tools to help address the risk concerns companies have on their operations to ensure maximum effectiveness possible.
GRC platforms software should provide tools for companies to assess and mitigate the potential risks that their company might endure if not addressed soon. The software should also provide tools for companies to communicate with their employees about their risks. The software should also provide compliance management software tools that help users adjust their policies and regulations as one of the attempts to mitigate their company’s risks. The enterprise governance, risk, and compliance platforms software should also provide tools that help company users to plan and implement changes in their audit programming of the company. The software should also contain business continuity management to ensure these changes do not disrupt the productivity of their operations. The GRC software platform software should also provide risk assessment tools to help them evaluate their risks from time to time. The GRC certification software should also be able to support and provide various risk management methodologies possible that are appropriate to the company risks involved.
- Risk assessment tools
- Communicate employees about company risks
- Compliance management software tools
- Plan and implement changes in the company’s audit programming
- Business continuity management tools
- Support for various risk management methodologies
Top 10 GRC Platforms Software
Archer’s risk management software helps companies manage and mitigate risks in the digital age with its streamlined features. Archer has 111 employees and earns annual revenue of $23.3 million.
2. Navex One
Navex One helps companies to consolidate their ethical standards and internal policies with its compliance management software. Navex has 1,354 employees and earns annual revenue of $196.3 million.
OneTrust’s GRC software allows companies to streamline their privacy, security, and data governance process with tools that are optimized to their industries. OneTrust has 1,894 employees and earns annual revenue of $221.4 million.
AuditBoard’s risk compliance software streamlines their risk management process that helps company teams to communicate and connect with each other. AuditBoard has 363 employees and earns annual revenue of $47.2 million.
5. LogicGate Risk Cloud
LogicGate Risk Cloud’s GRC software helps companies to resolve their risky problems with the software’s insightful solutions. LogicGate has 215 employees and earns annual revenue of $31.2 million.
Convercent helps bring businesses to the center of their business process with its compliance management software. Convercent has 215 employees and earns annual revenue of $31.2 million.
ZenGRC’s governance and policy management software helps companies to leverage their platform to fulfill compliance management needs. ZenGRC is owned and developed by Reciprocity, which the parent company has 175 employees and earns annual revenue of $25.4 million.
SureCloud’s risk management software allows companies to analyze risks in their governance compliance process with its top cyber security tools. SureCloud has 89 employees and earns annual revenue of $18.2 million.
LogicManager helps companies with its enterprise risk management software that prepares them for future threats with quality risk data results that are useful when cybersecurity situations arise. LogicManager has 74 employees and earns annual revenue of $10.7 million.
Apptega helps simplify cybersecurity and compliance management that making this software a favorite for users who have used Apptega. Apptega has 18 employees and earns annual revenue of $3.7 million.
Who would use GRC platforms software within a company using the software?
GRC platforms software is usually used by the company users’ compliance officers, analysts, and managers as they usually handle the risk aspects of their company operations. They are also typically the ones who provide the software data about their company operations for risk evaluation.
What other software would integrate well with GRC platform software?
GRC platform software integrates with various software types such as environmental software, quality management software, and safety management software. The software is aimed to work in various industries such as retail and manufacturing as the GRC platforms softwares’ three components – governance, risk, and compliance, can provide a possible positive impact on their company and its operations and help unveil essential information for all the three components involved.
How much does GRC platforms software cost?
Pricing for GRC platforms software is usually customized, with each software offering different subscription tiers that offer more features as the prices increase. Pricing for GRC platforms software varies depending on the features available and the intended companies. Small companies may benefit from low-cost GRC platforms software while large companies may benefit from high-cost software.
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