Published 23 Mar 2023
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.
Free version: Available for teams of up to 10
Pricing: Premium plan $19/month (with free 30-day trial period)
Platforms supported: Available on mobile app (iOS and Android) or a web-based software
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.
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.
Free version: Not available
Pricing: Contact ProcessGene for more info (with 30-day free trial)
Platforms supported: Web, Windows
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.
Pricing: Contact VComply for more info
Platforms supported: Web, iOS, and Android
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.
Pricing: Contact Resolver for more info
Platforms supported: Web
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.
Pricing: Contact IBM for more info
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.
Pricing: Contact Fusion Risk Management for more info
Why Use EdApp?
EdApp by SafetyCulture is a mobile-first learning management system that can also be used as GRC software. Use EdApp to create learning and development courses for the people in your team or organization on your GRC policies with existing courses, or create your own to suit your needs.
Free version: Free plan available
Pricing: Plans start at $2.95 per user per month (with a 30-day free trial)
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 from end-to-end 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.
Here is a comparison table to help you decide what can be the best GRC software for your needs:
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
Yes, for 30 days
Dependent on the organization’s needs
Large-scale essential establishments
Managing risks with automation and AI
IBM OpenPages with Watson
Fusion Risk Management
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 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.