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

#1 iAuditor by SafetyCulture GRC Software

iAuditor 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 iAuditor’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 iAuditor’s template converter and save it in the cloud for iAuditor 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 iAuditor’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 
• 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 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   

Best For: All industries and companies of different sizes

Pricing: Free for teams with ten members or less. Paid plans for larger groups or organizations start at $19 a month with a free 30-day trial.

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#2 ProcessGene GRC Software

Work on your business processing and GRC with ProcessGene. Manage and centralize your business processes and 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. 

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

Best For: Multi-subsidiary organizations 

Pricing: Free trial for 30 days. Plans start at $30 per month per feature. 

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#3 VComply GRC Software

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 dedicated Risk Dashboard

Best For: Large-scale essential establishments 

Pricing: Starts at $1,199 per month. 

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#4 Resolver GRC Software

For focusing on the risk aspect of GRC, consider using Resolver. This 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 

Best For: Managing risks with automation and Artificial Intelligence (AI)

Pricing: Dependent on the organization’s needs. 

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#5 IBM OpenPages with Watson GRC Software

IBM Open Pages with Watson is a GRC software that uses 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 

Best For: Enterprises 

Pricing: Dependent on the organization’s needs.

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#6 Fusion Risk Management GRC Software

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  

Best For: Visualizing data 

Pricing: Dependent on the organization’s needs. 

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#7 EdApp by SafetyCulture GRC Software

EdApp by SafetyCulture is a mobile-first learning management system that can also be used as GRC software. Use EdApp to orient people in your team or organization on your GRC policies with existing courses, or create your own to suit your needs. 

Features:

• Convert your PowerPoint presentations for course use
• Use templates to streamline your course creation process
• Create games to increase motivation to learn 
• Translate content with AI
• Set a schedule for spaced repetition of lessons 

Best For: Learning more about GRC and GRC-related tasks

Pricing: Free plan available with limitations. Paid plans start at $1.95 per user per month. 

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