7 Best Governance, Risk, and Compliance (GRC) Software of 2024

Why Use SafetyCulture?

SafetyCulture is a mobile-first leadership management, risk assessment, communication, and compliance software all in one platform. Use this GRC software to proactively improve your organization’s systems by creating and using checklists to track every aspect of your GRC implementation. With SafetyCulture’s smart checklists, you can track company-wide incidents and measure or determine risks across the board. Create response sets for specific questions based on your needs and prompt deeper analyses for them with logic fields. After, you can store your checklists in the cloud and turn them into templates for easier use.

You can also download premade GRC management templates from the Public Library and edit them as you see fit. Alternatively, you can convert existing GRC checklists in Word, PDF, PowerPoint, or Excel you may have with SafetyCulture’s template converter and save it in the cloud for SafetyCulture use. 

As you store all your checklists and reports in the cloud, you can align with your team members at any time and anywhere. Disseminate your checklists and reports with your team by customizing access controls to share data specifically with your team members or people outside your organization, ensuring the confidentiality of your data.

Features:

• Create checklists with SafetyCulture’s drag-and-drop checklist creator and save changes in real-time 
• Require media and notes on your checklist to show proof of proper GRC management
• Schedule inspections to check GRC implementation and management to ensure inspections will be completed on time 
• Track company-wide Issues in GRC management and assign Actions to the right people to solve them 
• Stay aligned with your team members and company by raising and receiving Heads Up 
• Provide Training for proper GRC practices
• Share checklist templates and completed reports via web links for easier editing and viewing, or as Word, or PDF files for offline use
• Integrate workflow management software to create a seamless work experience for all across the board
• Generate analytical reports to have an overview of your company’s GRC management
• Save and access your data in one safe place with SafetyCulture’s cloud-based recordkeeping

Why Use ProcessGene?

Work on your business processing and GRC with ProcessGene. Strengthen and centralize your business process management to ensure business continuity by improving and analyzing your company policies, managing risks, and noting compliance in one GRC software. Use ProcessGene’s Multi-Org technology to use frameworks that encourage teams to think globally with a global baseline working with local variants.  This GRC software can also be used to manage and optimize existing policies.

Features:

• Connects with other enterprise and Enterprise Resource Planning (ERP) systems
• Contains resources of compliance programs for the USA, EMEA, and Asia regions
• Includes tools for risk analysis and monitoring, such as risk reports, risk heat maps, and more

Why Use VComply?

VComply is a unified GRC software with a focus on compliance. Institutions such as banks, government offices, nonprofits, and schools use VComply to digitize and improve their compliance documents, spreadsheets, and audits as a basis to improve compliance and monitor policy implementation. This GRC software can also be used to manage and change existing policies.  

Features:

• Create, approve, and deny policy changes from one place
• Customize Governance Dashboard to easily track compliance with internal regulations and international standards such as General Data Protection Regulation (GDPR) and ISO
• Manage risks and compute risk appetite from a centralized Risk Dashboard

Why Use Resolver?

For focusing on the risk aspect of GRC, consider using Resolver. This highly-configurable GRC software puts risk management at the forefront of its operations and, upon receiving data from its users, calculates their risks and their related business impact through its Risk Intelligence feature.

Features:

• Built-in risk editable registers 
• Multiple report formats and views for understanding compliance rate
• Vendor assessment and comparison charts available

Why Use IBM OpenPages?

IBM OpenPages with Watson is one of the GRC software solutions that use AI to identify, manage, monitor, and report issues on risks, compliance, and governance. Automate your GRC processes easily and, with IBM’s other products, you can manage your whole enterprise from one device without the need for paper and while targeting specific business needs. You can also manage your data and privacy from this software as part of your audit and risk management.

Features:

• In-app risk library for different situations
• Compatible with other IBM programs 
• Financial management features available

Why Use Fusion Risk Management?

View your data at a glance with Fusion Risk Management. This GRC software organizes your data on your GRC-related policies and tasks into one place, then creates visual reports on them for easier understanding. 

Features:

• Interactive visualizations for different needs 
• Integrations with different risk management and business platforms
• Emergency notification systems