The 10 Best GRC Tools And Platforms For 2023

Hyperproof is a cloud-based software that helps organizations manage their risk and compliance programs, track and mitigate risks, and monitor compliance across various standards and regulations.

I chose Hyperproof as one of the best governance, risk, and compliance software because of its user-friendly interface, flexible risk assessment framework, and advanced reporting capabilities. It allows you to streamline and automate my risk management processes and easily track compliance with various regulations. Plus, you can access a growing library of quickstart templates that cover SOC 2, ISO 27001, NIST 800-53, NIST CSF, NIST Privacy, PCI, SOX, and others.

Hyperproof offers a range of features that make it stand out from other GRC tools in the market. For example, its risk management functionality allows you to assess and prioritize risks, create and track risk mitigation plans, and monitor risk tolerance levels. The platform's audit management features make it easy to conduct and manage audits, automate workflows, track findings, and generate audit reports. I also appreciate its customizable dashboards and reporting features, which enable you to easily visualize and analyze compliance data and make informed decisions.

Integrations include Slack, Zoom, Microsoft Teams, Jira Software, Asana, AWS, Azure, GitHub, OneDrive, Dropbox, Drive, Google Drive, and other options. You can also sign up with Zapier (may require a separate paid plan) to create your own custom, no-code integrations with other tools not yet available natively with Hyperproof. Or sign up to be a Hyperproof developer to leverage their API and integrate that way. 

Hyperproof offers pricing and a free demo upon request. 

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.

Fusion Risk Management is a cloud-based, operational resilience software that functions on top of the Salesforce platform. The Fusion Framework helps organizations accelerate digital transformation of their governance, risk, and compliance programs by integrating data, systems, people, processes, services, and more under one platform.

The tool allows users to visualize their business, products, and services from a customer perspective, creating a map of day-to-day functions within your business. Through dependency visualization, organizations can recognize impacts and view relationships based on risks, processes, applications, and third-parties. Fusion also includes features for incident management and risk assessment.

The Fusion Framework adapts to changing priorities and methodologies used for any GRC program. Organizations can use Fusion's software for compliance management, as well as aligning to industry standards and regulations, improving visibility through predictive analytics, and increasing company engagement through automation.

The software is configurable through clicks, not code, and the guided workflow functionality makes it simple for any end-user to use the system.

Fusion Framework System’s integrations include Everbridge’s emergency notification system and risk intelligence platform, Send Word Now, Onsolve, and ServiceNow.

Pricing for Fusion Risk Management is available upon request.

Corporater’s Business Management Platform built for integrated performance and GRC (GPRC) will enable your organization to move away from a compliance-driven only focus to a more risk-driven approach.

This is meant to align with your business performance and strategy execution. With a unified GRC platform, you can eliminate silos and get compliance-, performance-, and operations-centric outcomes.

The software provides individual and executive dashboard views, allowing for complete visibility into productivity and progress for all stakeholders. This can help improve decision-making, company culture and accountability, as well as ensure sustainability and maximize performance.

For compliance managers, Corporater’s integrated GRC platform provides a variety of features that are designed to facilitate company goals and activities, including automated policy development and management, control rationalization, compliance risk assessment, investigative case management, regulatory change management, as well as assessment and attestation.

With governance, performance management, risk management, and compliance management solutions, you can effectively create an integrated, automated, and mature GRC program for your company, one that is aligned with your strategic objectives. The key advantage here is that all Corporater solutions can be easily integrated, which means you can begin in one area—for example risk management, policy management or information security management —and then slowly add more solutions as your requirements evolve.

Corporater’s GRC platform helps ensure better corporate governance with a robust risk management framework, allowing for more powerful monitoring and automation capabilities. The platform also allows you to take a more proactive approach to risk management with risk identification, analysis, and monitoring support.

Pricing for Corporater is available upon request, and a free personalized demo is available.

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.

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.

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.

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.

Enablon is a GRC software designed to facilitate top-down and bottom-up approaches for risk identification. Analyze risks by using bow-tie functionality to determine causes and consequences, and define preventive and mitigating controls.

A few things that Enablon excels at is their ability to handle large databases with ease and download your data in Excel, PDF, or even PowerPoint. Plus, their tools for setting reminders/notifications for expiring permits are helpful.

Enablon lacks a bit in Usability, per the evaluation criteria, as the auditing tools can be a bit convoluted; additionally, forms could be more flexible, as many lack copy-paste functionality and other expected features.

If you need reliable reports and dashboards, Enablon goes above and beyond to capture information from all modules and cut down on data analysis time.

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

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.