7 Best Governance, Risk, and Compliance (GRC) Software of 2022

Learn more about GRC implementation and decide which is the best kind of GRC software for your business.

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Published 6 Oct 2022

What is GRC Software?

Governance, Risk, and Compliance (GRC) software aim to help with managing a company’s leadership practices, risk management plans, and compliance with laws and regulations. A GRC software can also help in creating new policies for companies and organizations as needed, as well as analyzing existing ones to identify points for improvement.

Importance of a GRC Software 

Having GRC software is slowly becoming a need because of the benefits it brings. Most notably, a GRC software program is used to create, manage, and implement different policies and to ensure compliance with them. While this task can be done manually, having it digitized saves on paper, time, and money.

Using a GRC software platform also helps with managing, mitigating, and avoiding risks. With data in the cloud and summarized for you already, it becomes easier to understand and make decisions. This then increases the speed and accuracy of data analysis, ensuring more time goes to risk management and assessment. 

Best GRC Software

Here is a comparison table to help you decide what can be the best GRC software for your needs:

GRC Software

Best For

Free Version?

Pricing

iAuditor by SafetyCulture

All industries and companies of different sizes

Yes, for teams with ten members or less

Starts at $19 a month with a free 30-day trial

ProcessGene

Multi-subsidiary organizations 

Yes, for 30 days

Starts at $30 per month per feature

VComply

Large-scale essential establishments 

None

Starts at $1,199 per month

Resolver 

Managing risks with automation and AI

None

Dependent on the organization’s needs

IBM OpenPages with Watson

Enterprises 

None

Dependent on the organization’s needs

Fusion Risk Management

Visualizing data 

None

Dependent on the organization’s needs

EdApp by SafetyCulture 

Learning more about GRC and GRC-related tasks

Yes, but with limitations 

Starts at $1.95 per user per month

 

roselin manawis safetyculture content specialist

SafetyCulture Content Specialist

Roselin Manawis

Roselin Manawis is a content writer and researcher for SafetyCulture. She has experience in news writing and content marketing across different fields of discipline. Her background in Communication Arts enables her to leverage multimedia and improve the quality of her work. She also contributed as a research assistant for an international study and as a co-author for two books in 2020. With her informative articles, she aims to ignite digital transformation in workplaces around the world.

Roselin Manawis is a content writer and researcher for SafetyCulture. She has experience in news writing and content marketing across different fields of discipline. Her background in Communication Arts enables her to leverage multimedia and improve the quality of her work. She also contributed as a research assistant for an international study and as a co-author for two books in 2020. With her informative articles, she aims to ignite digital transformation in workplaces around the world.