11 Best Enterprise GRC Software

With the growing number of risks being identified today, companies are under immense pressure to strengthen their Enterprise Governance, Risk, and Compliance (EGRC) practices. This often means revisiting processes, updating governance structures, and ensuring everyone knows their responsibilities.

Staying compliant can feel overwhelming with regulations like SOX, GDPR, and CCPA piling up. That’s where EGRC tools come in—it help businesses automate compliance and address vulnerabilities before they become potential risks.

EGRC platforms are especially useful because they let you “test controls once and satisfy many risks,” reducing repetitive work and compliance fatigue. However, to get the most out of these tools, you’ll need a clear risk framework, consistent processes, and strong accountability in place.

But with so many providers out there, how do you choose the right one?

What is an Enterprise GRC?

Enterprise GRC (EGRC) is a robust approach that integrates the management of governance, risk and compliance activities by deploying adaptive controls, developing effective policies, and streamlining procedures. 

Enterprise GRC solutions simplify operations, by heightening awareness of organizational risks and upholding compliance with pertinent regulations. EGRC ensures mechanisms are in place to identify, manage, measure, and risks.

The overarching objective is to forge a cohesive framework empowering risk mitigation, informed decision-making, and adherence to legal and regulatory requirements.

How to select the right GRC software for an enterprise

Understanding the characteristics of what makes an ideal GRC tool is pivotal in shaping how an organization approaches its GRC functions. Here are some critical considerations:

Security measures:

Choose a solution emphasizing maximum security features to protect sensitive governance risk management, such as firewalls, access control, encryption, and continuous control monitoring to safeguard sensitive data and protect against potential risks.Guard against potential threats such as data breaches or cyberattacks, consulting with IT experts if necessary.

Scalability and adaptability:

Ensure the GRC software can support organizational growth. Ensure the software is flexible enough to adapt to changes in regulations and business processes to accommodate future needs and adjustments to your GRC strategy.

Interface:

Choose a user-friendly interface that enables the creation, execution, and monitoring of GRC workflows without the need for extensive implementation.Ensure that the GRC software seamlessly integrates with existing CRM systems.

Compliance:

Choose a GRC solution that monitors compliance, and policy management and detects gaps.Ensure the software provides real-time alerts whenever there are changes in the compliance environment.

Cost considerations:

While choosing the solution consider factors like Total Cost of Ownership (TCO), Return on Investment (ROI), licensing fees, implementation costs, and potential future expenses.Ensure the selected option provides GRC support at affordable costs.

Read more: Getting started with GRC Implementation

11 Best GRC Software for Enterprise

Managing GRC requires reliable and efficient tools. These tools offer comprehensive security features to protect your organization from potential threats. Below, we have listed the top 11 GRC solutions ideal for fortifying your business against external risks.

1. Sprinto

Sprinto is a smart compliance automation platform that enables enterprise GRC solutions with its comprehensive suite of features and helps organizations to seamlessly manage their GRC process and establish resilience against cyber threats.

With an intuitive user interface offering real-time insights, Sprinto provides a comprehensive view of an organization’s security and compliance status within a unified platform. The software integrates risk and compliance management, creating a forum with multiple teams to work on security, regulation, and compliance themes, enabling an effective GRC implementation.

USP: Automates GRC across 15+ frameworks with real-time insights

Sprinto has pre-built security programs, continuous control monitoring, automated evidence collection, and detailed analytics and reporting functionalities that streamline internal and external GRC audits by consistently generating comprehensive compliance reports. It also offers vendor risk management features to detect and mitigate vendor risks rapidly.

Sprinto has an intuitive real-time health dashboard that offers a holistic view of risk and regulatory compliance, integrates internal GRC policies, and optimizes your compliance efforts. Calculate your compliance efforts. Here.The platform provides a cost-effective solution by automating security checks and fulfilling compliance obligations of various frameworks such as SOC 2, ISO 27001, HIPAA, GDPR, PCI DSS, NIST, and more. Check out your compliance cost today.

Key features

• Supports over 15+ standard compliance frameworks
• Extensive risk library designed for vendor assessments
• Integrated training modules to enhance the efficiency of GRC risk management
• Automated log monitoring and auditing functionalities
• Comprehensive and insightful audit-ready reports tailored for auditors and stakeholders
• Compliance automation capabilities catering to diverse regulatory frameworks
• Robust event and incident management with systematic escalation processes
• Customizable templates for policy management and gap analysis.

Pros 

• Seamless integration with any cloud setup
• Built-in training modules for employees
• Intuitive interface with easily navigable feature
• Excellent support team for improved customer experience
• Workflow automation process
• Vendor risk management functionalities

Cons

• Built for cloud-based companies and not on-premise businesses

User Reviews

According to countless G2 reviews, Sprinto turns compliance headaches into effortless wins. From SOC 2 to GDPR, users rave about its intuitive dashboard, seamless integrations, and automated workflows that save time and energy. 

Standout features include proactive alerts, easy device compliance, and hands-on support that makes audits a breeze. 

While some users suggest more email updates or UI tweaks, most agree that Sprinto makes compliance feel less like a chore and more like a power move for your business. It is highly recommended for those who want security and simplicity in one platform.

G2 Rating: 4.8/5

2. Audit Board

AuditBoard is cloud-based EGRC software that integrates risk management, audit, and compliance tools. You can use AuditBoard to collaborate with teams and stakeholders to view risks across the ecosystem, boost performance by eliminating repeat tasks, manage SOX controls, conduct internal audits, and help decision-making. 

USP: Simplifies audits and compliance with collaborative workflows

Features:

• Effective collaboration features for real-time collaboration.
• Automated workflows for streamlined governance.
• Customizable risk assessment modules.
• Vendor risk assessment questionnaires.

Pros

• Centralized dashboard to view performance metrics
• Better visibility into risk exposure with audit trail and evidence collection features.
• Project management and collaboration features

Cons

• Risk assessment features can be improved
• Needs more customer support

User Reviews

AuditBoard gets a lot of love for being built by auditors for auditors. Its intuitive interface, powerful features like KPI customization, and seamless integration with tools like Power BI make it a game-changer for audit, risk, and compliance teams. 

Users especially appreciate its flexibility in adapting to different processes and its excellent customer support.

G2 Rating: 4.7/5

3. StandardFusion

StandardFusion is a comprehensive EGRC platform designed to manage any organization’s information security risk. The platform offers the visibility, centralization, and collaboration needed to manage information security risks effectively. Its user-friendly reporting and analytic features make it suitable for enterprises.

USP: Centralizes GRC efforts with advanced reporting

Features:

• Comprehensive reporting features.
• Product training and user guides for better understanding
• Highly configurable solutions for enhanced compliance programs
• Manages various compliance frameworks.

Pros

• Effective audit management process
• Integration with several third-party tools
• Supports internal and external audits and generates comprehensive reports
• Manage compliance with multiple frameworks

Cons

• Steep learning curve

User Reviews

StandardFusion is praised as a lightweight yet feature-packed GRC solution that’s surprisingly easy to use compared to pricier competitors like ServiceNow. Its intuitive interface, affordable pricing, and fast onboarding (no dedicated admin required!) make it a go-to for small to mid-sized teams. 

Users love the ability to connect everything, from policies and risks to audits and controls, while its customizable workflows and fields help compliance teams work smarter, not harder.

G2 Rating: 4.6/5

4. LogicManager 

LogicManager is an EGRC platform that provides organizations with highly scalable, streamlined risk management programs that fit enterprises’ requirements. Its SaaS platform and ERM consulting services help organizations integrate risk, governance, and compliance processes, enabling proactive decision-making to support their strategic objectives.

The software has seamless integration features that align with your business process, ensure smooth enforcement of  GRC policies across various departments, and ensure compliance.

USP: Scales risk management with robust vendor assessment tools

Features

• Dedicated tools for risk identification and real-time monitoring.
• Comprehensive functionalities for risk management.
• Reporting capabilities equipped with ready-to-use templates
• Third-party risk management features.

Pros

• Streamlined audit management process.
• Vendor risk assessment tools.
• Customizable workflows for enhanced governance.

Cons

• Complex implementation process
• Challenges with reporting

User Reviews

LogicManager is a user-friendly GRC platform with robust features and an exceptional support team that makes implementation a breeze. From tracking complaints to generating insightful risk reports for executive decisions, it’s packed with capabilities that grow with your needs. 

G2 Rating: 4.5/5

5. LogicGate Risk Cloud

LogicGate Risk Cloud is another cloud GRC solution that helps you manage all risk types and adapt to regulatory requirements. The platform audits management workflows enable automated compliance and policy acknowledgments, thereby improving the efficiency of GRC processes.

USP: Streamlines risk and audit management with flexible pricing

Features

• Risk calculator to gain visibility across your risk program.
• Centralized dashboard with pre-built reporting features
• Flexible pricing for enterprises.
• Risk prioritization, planning and response strategies.

Pros

• Pre-built audit management templates
• Policy management with shared document repository
• Incident management applications better for risk mitigation

Cons

• Implementation challenges
• Requires advanced setup

User Reviews

LogicGate Risk Cloud has become a favorite for many, offering a flexible, user-friendly platform that excels in customization and reporting. Users love its intuitive interface, which accommodates everyone from tech experts to beginners, making risk management accessible. 

The ability to easily download reports and customize home screens is a big plus. However, some wish for more integration in workflows and faster feature updates. 

G2 Rating: 4.6/5

6. IBM OpenPages

IBM OpenPages is a scalable EGRC solution that offers various functionalities such as operational risk management, regulatory compliance, IT management, internal audits, third-party risk, and financial controls. The platform’s enhanced vulnerability detection and risk exposure capabilities contribute to an enhanced risk program.

USP: Delivers scalable compliance and advanced risk analytics

Features:

• Financial controls management
• IT governance and Internal auditing
• Risk management analytics and reporting tools
• Automated compliance management functionalities

Pros

• Pre-built audit management
• Financial control management functionalities
• Flexibility of cost based on enterprise needs

Cons

• Implementation challenges
• Requires advanced setup

User Reviews

IBM OpenPages has earned high praise for its flexibility. It makes it easy to customize dashboards, reports, and workflows to meet specific needs. Users love the ability to streamline risk management, compliance, and audit processes while leveraging AI-powered features that assist decision-making. 

Its intuitive interface and strong customer support team stand out as major benefits, along with the platform’s scalability and security. However, the learning curve can be challenging for some, and the cost is a common concern.

G2 Rating: 4.0/5

7. Riskonnect

Riskonnect is a cloud-based EGRC platform that offers a holistic approach to information security and identifies emergent risks. This centralized cloud platform automates process collaboration, facilitates collaboration among different business functions, and enables unified reporting across all areas of the organization to develop audit plans.

USP: Visualizes risks and unifies audit planning

Features

• Maps risks to show how they interrelate visually
• Internal audit functionalities
• Third-party risk management features
• Compliance management features

Pros

• Maps risks to show how they interrelate visually
• Detailed analytics for better reporting
• Effective audit management

Cons

• Implementation challenges

User Reviews

Users appreciate how easy it is to manage everything in one place, from business goals to timelines and strategies, all with a user-friendly interface. It’s a solid tool for businesses of all sizes to track processes, manage risks, and streamline reporting. 

However, some have mentioned that the platform could use more interactive dashboards, and a few found the reporting structure a bit basic.

G2 Rating: 4.0/5

8. Diligent

Diligent is another EGRC platform that enhances governance practices by providing audit, risk, and compliance functionalities. It also offers vendor onboarding, streamlined evidence collection, and insightful assessment surveys. Diligent offers insightful analytics, forming a centralized platform for improved decision-making.

USP: Centralizes risk scoring and third-party management

Key features

• Centralized third-party risk management tool
• Risk-centric control assessments 
• Advanced risk-scoring mechanisms 

Pros

• Real-time collaboration features for better communication
• Data visualization dashboard for better visibility
• Built-in advanced analytics for controls

Cons

• Limited customization
• Technical challenges in implementation

G2 Rating: 4.0/5

9. Onspring

Onspring is an EGRC platform that helps you effectively handle risk, policy creation, and compliance. The user-friendly interface simplifies GRC procedures and assists you in aligning with compliance requirements, offering real-time insights for informed decision-making.

USP: Automates GRC processes with real-time insights

Features

• Automated risk assessment and audit features
• Templates for effective policy management
• Risk mitigation and control features
• Audit trail and reporting features

Pros

• Streamlined policy management capabilities
• Real-time insights for informed decision making
• Business continuity and incident management plans

Cons

• Need additional configurations
• Need additional features to showcase compliance

User Reviews

Reviews highlight how Onspring helps automate tedious manual tasks, making GRC teams more efficient. A common praise is its ability to easily configure processes, although some users have noted that more customization may make it a bit complex to maintain initially. 

That said, as teams get more familiar with the platform, these challenges ease up.

G2 Rating: 4.7/5

10. ZenGRC

ZenGRC, a cloud-based EGRC solution, streamlines compliance assessment and helps you meet information security standards. 

The platform has an effective risk management functionality and a customizable dashboard with audit reports and evidence collections, simplifying collaboration and ensuring a streamlined compliance program.

USP: Simplifies compliance with customizable dashboards and workflows

Features

• Automated workflows and reporting dashboards
• Vendor risk management questionnaires
• Access control and policy management
• Third-party integrations

Pros

• Automated compliance management process
• Supports multiple compliance frameworks
• Built-in risk management modules

Cons

• Limited integration features

User Reviews

Users appreciate its flexibility, scalability, and holistic approach to risk management. However, it faces criticism for integration issues with third-party tools like Jira and ServiceNow, as well as challenges in navigation, reporting, and role-based access control. While the platform provides strong customization capabilities, some users feel certain features, like recurring task management and data exports, could be enhanced.

G2 Rating: 4.4/5

11. MetricStream

MetricStream’s EGRC solution streamlines information collection, real-time monitoring, compliance assessments, and risk mitigation strategies. The platform performs enterprise and operational risk management, compliance and policy management, and third-party risk management.

USP: AI-powered risk and compliance management at scale

Key features

• IT threat and vulnerability management functionalities.
• AI-powered smart issue management for accelerated response and remediation.
• Features to determine third-party KPI scores.
• Segmentation of third and fourth parties assessments with pre-defined questionnaires. 

Pros

• Comprehensive dashboard for better reporting
• Customizable functions for IT managers, auditors, or executives.
• Simplified third-party risk management process

Cons

• Complex learning curve

User Reviews

MetricStream Enterprise Risk Management is praised for its structured approach to organizing risk management, with clearly defined risk levels and detailed action plans. However, users note several limitations, including its lack of dynamism for tasks like risk workshops, its design not aligning with real-life risk management practices, and inefficiencies in navigating between different risk scenario views. 

G2 Rating: 4.4/5

How to improve your EGRC?

1. Create strategic plans based on existing performance metrics and forecasts.
2. Standardize processes and procedures for enhanced governance and risk management.
3. Utilize the findings to strengthen EGRC’s strategy to foresee the challenges that might occur in the future.
4. Implement scenario-based risk assessments to mitigate potential risks effectively.
5. Predict business scenarios and develop contingency plans and response strategies.
6. Establish data security controls to protect sensitive information.
7. Set up continuous monitoring systems for real-time detection of any problems that arise.
8. Implement data security measures in order to achieve compliance with regulations and industry standards.
9. Monitor critical business key performance indicators in real-time to be agile and flexible in any changes.
10. Provide training and resources to employees to improve GRC awareness.

Leverage your EGRC with Sprinto

Building a robust EGRC strategy is crucial for an organization’s success. Streamlining processes and standardizing workflows are inherent outcomes of EGRC implementation. As organizations develop policies and procedures to mitigate risks, they simultaneously create a structured approach to their GRC function. This proactive approach protects the company against regulatory scrutiny and errors, preserving the integrity of decisions and safeguarding the organization.

Consistency in data across the enterprise is another crucial aspect EGRC addresses. By implementing controls and systems, these solutions guarantee that data remains uniform throughout the organizational chain. This is particularly vital in complex enterprise settings to minimize errors from permeating reports and impacting decisions. 

Embracing EGRC software facilitates and simplifies GRC processes and aids during internal GRC audits. But what’s the easiest way to achieve GRC compliance? This is where Sprinto emerges as a game-changer and helps you enhance your GRC functionalities by efficiently automating your operational processes, performing effective risk assessments, and enabling you to comply with relevant regulations.  

“When you know 3000-4000 checks are happening automatically, hitting that 95% compliance mark is easy. Sprinto sends (compliance) alerts regularly, making it easy to see where we are succeeding and where we are lacking. I think it’s a proactive approach to security and compliance,” adds Sunil Sarda, Head of Engineering at Hub Engage.

Check out How HubEngage transformed compliance processes with Sprinto’s automation.

The software’s integrated approach helps you map internal security controls to requirements, identify and mitigate potential risks and vulnerabilities, and adapt effectively to evolving industry standards and regulatory frameworks. It puts your security and compliance program on auto-pilot, turning compliance into a value-adding function rather than just a checkbox activity.

See Sprinto in action. Schedule a demo today.

FAQs

How do I choose the best EGRC automation tool?

Consider factors such as scalability, adaptability, and cost. For a cost-effective GRC solution, consider Sprinto. Understand your organization’s needs and requirements and look for features that streamline and automate GRC workflows and improve your operational efficiency.

What is the difference between GRC and EGRC?

GRC is a comprehensive framework encompassing the practices and processes to address governance, risk, and compliance requirements. On the other hand, EGRC explicitly emphasizes applying GRC principles within the broader context of enterprise-level governance, aligning them with business goals and objectives.

What are the best practices for effective EGRC management?

Some effective EGRC management best practices are:

• Create strategic plans involving cross-functional teams.
• Regular audits and assessment
• Leverage technology solutions for improved efficiency
• Develop incident response plans
• Stay up to date on the industry trends and regulatory changes