The 10 Best GRC Tools And Platforms For 2023

StandardFusion is an end-to-end GRC platform built to deliver the visibility, centralization, and collaboration that organizations need to mitigate information security risk and enable information security teams to drive revenue growth.

The platform is made up of six core solutions (Compliance, Risk, Audit, Vendor, Policy, and Incident), each built to be highly configurable with centralized data so that users can get visibility across all their compliance programs at any stage, and at any moment, produce an evidencable report to satisfy audits and stakeholders.

The old stigma of Risk, Compliance, and Information Security teams hindering growth, slowing productivity, impeding creativity, and generally getting in the way of everyone doing their job is gone. StandardFusion is empowering Information Security teams more than ever to grow revenue, speed up productivity, and gain new business.

The tool has a simplistic and powerful interface. Navigating within the software is straightforward and you can get anywhere you need in just a few clicks. Even users with limited knowledge of the software will catch on quickly with its intuitive layout. They also offer in-depth product training sessions and user guides. Technical support, in-person training, and dedicated success managers are all accessible as well.

StandardFusion’s modules allow users to efficiently manage their risks and compliance programs in a single location. You can assess and track the impact and likelihood of individual risks, mitigating actions, and summarize their outcomes using the report generator.

The software functions using a single set of common controls where users can create, manage, and monitor their controls and security programs to ensure compliance across multiple frameworks. With versatile auditing capabilities, you can perform both internal audits and track external audits to monitor compliance.

The software is framework agnostic and can manage compliance to multiple frameworks, including: ISO27001, SOC2, PCI DSS, NIST, FedRAMP, HIPAA and CCPA. StandardFusion has multiple existing integrations including: Jira, Confluence, Slack, OpenID, DUO, and Google Authenticator. We also have the option for single sign-on, integrations with UCF, and access to our API.

A final standout aspect of this tool is the transparent pricing structure, which can be tough to find in an enterprise-grade tool. Pricing terms are laid out upfront with no surprises. All plans grant users access to the full functionality of the platform, with additional included features and integrations as the plans scale.

StandardFusion pricing starts at $1500 for 3 users/month.

ServiceNow was named a Leader in the 2019 Magic Quadrant for Integrated Risk Management. This GRC tool helps to drive a culture of risk management with a unified data environment by giving the front line easy access to insights and tasks via chat, mobile apps, and portals.

The Reporting and Analytics features for ServiceNow are thorough and intuitive to use, offering great flexibility for whatever metrics you need to track. Thus, they scored well in this section of the Features & Functions evaluation criteria.

A con to note is that the ServiceNow Governance Risk and Compliance software could use some sprucing up when it comes to their reporting tools, which lack advanced filters and would do well to broaden its available data visualization schemes. But as you can see from the above screenshot, it does have some very easy-to-read graphics to help you visualize basic data.

ServiceNow Governance Risk and Compliance offers custom pricing upon request and has a free demo.

This integrated suite of compliance solutions—powered by BWise technology—is designed to optimize your regulatory compliance program. Collect, access, transfer, or share data assets and safeguard data privacy and data protection with the BWise GDPR Compliance Solution.

Nasdaq BWise does a lot of things well but there are a few standout features I want to note here, like its friendly customizability options that allow users to navigate different, unique compliance initiatives across the organization. Additionally, the integration with TeamMate is helpful for testing purposes.

The user interface is a bit gloomy and the organization of the data is quite stiff; though it does the trick, it looks neither modern nor appealing. Thus, Nasdaq BWise lost a few marks in the UX segment of the evaluation criteria.

A special shout-out goes to BWise’s seamless tracking of audit testing and results; if audits are giving you grief, this solution can help.

Nasdaq BWise offers pricing upon request and has a free demo.

6clicks was founded in 2019 and has offices in the United States, United Kingdom, India, and Australia. It was built for businesses of all shapes and sizes and is also used by advisors with a world-class partner program and white label capability available.

6clicks is an easy way to implement your risk and compliance program or achieve compliance with ISO 27001, SOC 2, PCI-DSS, HIPAA, NIST, FedRamp, and many other standards.

Hundreds of businesses trust 6clicks to set up and automate their risk and compliance programs and streamline audit, vendor risk assessment, incident and risk management and policy implementation. You can easily import standards, laws, regulations, or templates from their massive content library and use AI-powered features to automate manual tasks.

That offer tools for asset management, a content library, audits & assessments, incident playbooks, obligation management, compliance registers, risk management, compliance mapping, policies & control sets, task & project management, reporting & analytics, and workflow automation.

6clicks integrates with over 3,000 third-party apps to connect your whole tech stack; these include but are not limited to Thinkific, Google Analytics, Intercom, Intruder, Panurgy, Mailparser, Jira Service Desk, OpsGenie, Todoist, ServiceNow, Zendesk, Freshservice, Twilio, monday.com, Oracle, GitHub, HelloSign, Power BI, and Slack.

6clicks costs from $4800/year with a $450 onboarding fee and offers a 14-day free trial.

SAP GRC lets users integrate GRC processes on a common technology platform. Features include risk strategy and planning; a unified repository for process control information; audit planning, management, and performance; and exception detection and compliance checks.

SAP offers myriad first-party products and services available to integrate with their core GRC system. Users can customize the package they want and only pay for what they need. Thus, they scored well in the Integration segment of the evaluation.

A downside of the software is that it takes a while for implementation and training, leaving users to cope with a steep learning curve and minimal assistance-giving resources.

Users will enjoy the solution’s sophisticated way of producing a global repository, which is crucial for smooth GRC processes.

SAP GRC costs from $500-15,000 per license and has a free demo.

This GRC tool enables a vantage point for third-party business disruptions. It also delivers enhanced UI and intuitive-to-navigate experience along with some robust risk intelligence reports.

SAI Global Compliance 360 excels in a few noteworthy features: A) the ability to execute company-wide training on current policies and procedures, and B) automating critical workflow steps for permissions, etc, in order to hold people accountable.

As far as navigation and ease of use is considered, SAI Global Compliance 360 is a bit complex and cluttered. Users may feel like they have to execute multiple clicks for tasks that should take one or two. So, they lost a few evaluation points in the Usability criteria section.

If you are looking for the perfect GRC fit, know that SAI Global Compliance 360 is a hugely flexible product; ask their support team to help customize exactly what you need.

SAI Global Compliance 360 offers custom pricing upon request and has a free demo.

Riskonnect is a global leader in integrated risk management technology and the world’s largest RMIS provider. It seamlessly consolidates data from multiple sources, automates routine processes, and uses analytics to turn complicated information into actionable intelligence.

Riskonnect has extensive resources for training, scoring them well in the Usability category of the evaluation. They have a robust customer care department with many ways to reach them, a blog with case studies and testimonials about industry leaders, and a webinar series.

A critique of the Riskonnect software is that some of the features open to Admins are a bit clunky and difficult to use.

This solution empowers GRC professionals to create audit plans, store important documents, and summarize any resulting data easily.

Riskonnect offers custom pricing upon request and has a free demo.

MetricStream GRC streamlines compliance processes with standardized workflows and support for self-assessments, surveys, and issue remediation; it provides real-time insights into compliance processes through intuitive dashboards and charts, enabling decision-making.

A highlight of this software is its internal audit management facilities, which allow users to easily and intuitively streamline and automate the internal audit lifecycle. Additionally, the program has means to eliminate any duplications of work and information, saving users time.

MetricStream GRC lost a few points in the Value for Cost evaluation, as the license fee is quite a hefty price point. In addition to the one-time licensing fee there are also set-up fees and ongoing support fees that come into the mix, making the cost jump further.

Anyone worried about the deployment of a new GRC solution will revel in MetricStream’s uber-easy implementation and top tier customer support.

MetricStream GRC starts at $100,000 as a one-time license fee and has a free demo.

RiskRate automatically screens your third party risks against the world’s largest risk intelligence database: more than 500 regulatory lists, 200,000 unique media publications, 1.5 million politically exposed persons (PEPs), and more than 8 million adverse media profiles.

Navex RiskRate has the modern flare and organization of sleek, contemporary software. Users of any experience level will be comfortable and familiar with this type of interface, which scored them favorably in the UX section of the evaluation.

A con to note is that determining redundancy/duplicate items or documents falls on the user, rather than being sorted by the software protocols, which will add time spent via manual intervention.

Navex RiskRate costs from $5000/year and has a free demo.

Soterion provides governance, risk, and compliance solutions for organisations running SAP and specialise in Security and Risk.

Soterion’s award-winning user-friendly GRC solutions provide SAP customers with in-depth access risk reporting to allow organizations to effectively manage their access risk exposure. Soterion simplifies governance, risk, and compliance processes, and uses business-friendly language and reporting to enhance decision making and business accountability.

Soterion’s product suite has a number of deployment options, including a subscription model as well as an outright purchase option. They offer an on-premise option, as well as a cloud option hosted in Soterion’s data centers, and a managed service option for customers looking to combine GRC expertise with Soterion’s GRC suite.

Additional features include the Basis Review Manager, for inspecting the SAP basis configuration to ensure compliance; the Elevated Rights Manager, for granting sensitive access in a safe and structured environment; and the Periodic Review Manager, for user access reviews performed by business users in a simple, workflow-driven web environment while facilitating external rule set and control reviews.

Soterion offers custom pricing upon request and has a free demo.