Governance, Risk & Compliance (GRC) Software

Riskonnect’s GRC software gives you the visibility to identify and address uncertainty and achieve your business objectives.

Consolidate risk data. Bring all risk and compliance data into one source of truth that can be trusted by all.

Collaborate on action. Break down silos, streamline processes, and improve risk communication across risk, compliance, and audit professionals.

Make better decisions. Tap into the collective intelligence of cross-functional teams to make smart, rapid decisions that will mitigate risk – and capitalize on opportunities.

GRC software dashboard on laptop screen

GRC Software

Product Highlights

Enterprise Risk Management

Combine insurable and noninsurable risks to anticipate, assess, mitigate, and monitor risks across the organization.
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Aggregate all corporate and legal policies, procedures, and requirements into one centralized location. LEARN MORE

Simplify the administration of corporate policies and procedures. LEARN MORE

Automatically test controls, provide operational transparency, and demonstrate regulatory compliance. LEARN MORE

Identify top IT, cyber, operational resilience, and other technology risks to minimize financial impact. LEARN MORE

Use a methodology to demonstrate control of AI use without limiting innovation. LEARN MORE

Collect all your information on third-party vendors, contracts, and access credentials into one place for efficient monitoring and risk evaluation. LEARN MORE

Effectively manage the risks to projects on time and on budget. LEARN MORE

Manage every aspect of complex audit procedures in one secure, accessible place. LEARN MORE

Simplify ESG data collection, analysis, and reporting across your organization and supply chain. LEARN MORE

Develop, manage, and execute strategy, measure performance, and keep your team aligned with common goals. LEARN MORE

AI in GRC

Spot risk patterns before they become issues, prioritize risks based on impact and likelihood, surface hidden dependencies
across teams and systems, and reduce time spent on manual data work.

Risk Suggestions

Identify emerging and related risks based on current data, trends, and risk relationships.

AI-Driven Control Recommendations

Get recommended controls based on the specific risk context, exposure, and industry best practice.

Monte Carlo Simulation

Model the probability and potential impact of risks across multiple scenarios using advanced statistical techniques.

Regulatory Mapping Agent

Monitor regulatory changes and maps updates directly to affected policies, controls, and obligations.

Audit Coordination Agent

Organize audit requests, track evidence collection, and manage responses within a centralized workflow.

With Riskonnect, you ask the question once and live off the answer a number of times. You have the ability to develop a common repository of answers from the business and knowledge from the functions that support the business. For us, it’s about bringing that entire continuum to life for the organization and connecting it. We’re a much more efficient organization.”

Bob Bowman, Chief Risk Officer, The Wendy’s Company

Forrester Consulting Study:

The Total Economic Impact™ of Riskonnect GRC

Riskonnect’s integrated GRC software delivers a 280% three-year ROI, according to a study conducted by Forrester Consulting.

Get the Full Picture of Risk

Ever had to explain why you didn’t understand the real impact of a risk because you couldn’t connect the dots between disciplines? Riskonnect’s GRC software brings together all risk-related information into one platform so you know what you’re facing before it can surprise you.

  • Consolidate all risk data into one, easily accessible place.
  • Track the status of risk assessments and note changes to key indicators.
  • See the connections between risks, controls, assessments, accountability, documentation, and other relevant factors.

Spend Time
Where It Matters Most

How much time do you waste chasing down data, making sure it’s correct, and entering it on yet another spreadsheet? Riskonnect’s GRC software speeds up data collection and validation, so you can move on to more important things.

  • Automate workflows to free up time for more strategic tasks.
  • Monitor important KRIs and respond to oncoming risk events in real time.
  • Get automatic alerts when a risk indicator has crossed the threshold of acceptability.

Pave Your Way to

Success with a Trusted Platform

Riskonnect is a cloud-based platform that puts everything you need to manage risk right where you need it, when you need it.

Get Started with These Helpful Resources

EBOOK
Governance, Risk, and Compliance:
The Definitive Guide
Download this ebook to understand GRC and the value of an integrated approach so leaders can make smart, fast decisions to protect the organization.
WHITE PAPER
The Hunt for Hidden Risks
Some of the most destructive risks are the hardest to identify. This white paper explains the nature, impact, and mitigation of hidden risks.
RFP TEMPLATE
Starting an RFP process
for GRC software?
Download Riskonnect’s list of the most critical GRC-related questions and customize it to suit your needs.

Customers with Enhanced

GRC Programs Also Use

Insurable Risk
Consolidate your insured risk data to give you a clear view of your risks, the relationships, and the impact on the organization.
Business Continuity & Resilience
Prepare for threats and minimize disruption to operations.

Start anywhere. Expand everywhere.

Industry Recognition for Riskonnect

Redhand Advisors Forrester Wheelhouse Advisor

Start partnering with Riskonnect today.
Find out how Riskonnect can transform the way you view risk.

Quick Answers to Your GRC Software Questions

GRC software is a tool to help you address uncertainty to achieve your business objectives. It brings all risk and compliance data into one place where it can be analyzed, shared, and acted upon. Technology can provide the insight to help you understand the connections between individual risks and the visibility to see how everything comes together as a whole.

Riskonnect’s GRC software spans ERM, Compliance, IT Risk Management, Policy Management, Third-Party Risk Management, Internal Audit, and project risk management. The software is designed to address the specialized requirements of each discipline and facilitate seamless collaboration between disciplines.

Strong technology-enabled GRC programs can be a competitive differentiator for organizations. Automation, centralized data, built-in analytics, and real-time reporting fuel better, faster decisions. One sign that you need GRC software is if your team spends the majority of time manually gathering, validating, and formatting data instead of analyzing what it means and applying those learnings to better protect the organization. And if leaders are regularly asking for reports and insights that are difficult or impossible to produce, GRC software may be exactly what you need.

Look for GRC software that is flexible, scalable, and integrated. The software should be easy to use, accessible, reliable, and secure. You should be able to easily make changes and updates – like adding fields, customizing page layouts, and modifying the configuration to accommodate changing regulations, new requirements, or evolving priorities – without the help of IT or your software vendor.

Riskonnect is designed to seamlessly connect risk data of all types across your organization. We also offer APIs (application programming interface) to easily import and export data and out-of-the-box integrations with specialized partners to help you get the most from your data as efficiently as possible.

Pricing depends on the size and complexity of the project and how much customization you require. We offer three industry-leading implementation options at different price points to fit your budget, while achieving your business objectives as quickly as possible.

GRC stands for Governance, Risk, and Compliance. Governance refers to the structures, policies, and accountabilities that guide how an organization makes decisions and manages itself. Risk refers to the process of identifying, assessing, and responding to threats and uncertainties that could affect business objectives. Compliance refers to adherence to the external laws, regulations, and standards that apply to the organization, as well as internal policies. In practice, GRC describes the discipline of managing these three interconnected functions in a coordinated way — rather than as separate silos — so that the organization has a unified view of what it’s exposed to and what it’s doing about it. For a comprehensive treatment of the topic, Riskonnect’s GRC Definitive Guide is a useful starting point.

Governance, risk, and compliance software is a platform that centralizes the data, workflows, and reporting functions needed to run an organization’s GRC program. Rather than managing risk assessments in one tool, compliance obligations in another, audit evidence in a spreadsheet, and policy attestations via email, GRC software brings all of these activities into a single environment where they can inform each other. The practical effect is that a compliance gap surfaces as a risk, a risk that lacks a mapped control triggers a remediation workflow, and the board receives a consolidated view of organizational exposure rather than disconnected reports from each function. The technology enables an integrated approach rather than the parallel silos that characterize most immature GRC programs.

A comprehensive GRC platform typically covers: enterprise risk management — identifying, assessing, and tracking risks across the organization; compliance software — managing regulatory obligations, control frameworks, and evidence of adherence; policy management — creating, distributing, and tracking attestation of internal policies; internal controls management — documenting, testing, and reporting on the effectiveness of controls; IT risk management — managing cybersecurity, technology, and operational resilience risks specifically; third-party risk management — assessing and monitoring the risk posed by vendors and suppliers; internal audit — planning, executing, and reporting on audit activities; and ESG — tracking and reporting on environmental, social, and governance obligations. Not every organization needs all of these capabilities from day one, but the value of a GRC platform grows significantly as more functions share the same data.

Risk management software focuses specifically on identifying, assessing, prioritizing, and mitigating risks — whether at the enterprise level, the IT level, or within a specific domain like third-party risk or project risk. GRC software is the broader category: it encompasses risk management but adds the governance and compliance dimensions — internal policies, regulatory obligations, control frameworks, audit processes, and the accountability structures that tie them together. In practice, the line between the two blurs because the best risk management platforms are built as GRC platforms: risk data connects to compliance evidence, compliance gaps surface as risks, and audit findings inform both. Riskonnect’s platform is designed from the ground up as an integrated GRC software risk management solution rather than a risk tool with compliance features added on.

A mature GRC platform provides out-of-the-box support for the frameworks and regulatory standards most relevant to its customers’ industries. Riskonnect’s platform supports alignment with frameworks including NIST CSF, NIST 800-53, ISO 27001, ISO 31000, COBIT, and COSO; federal and industry regulations including HIPAA, SOX, GLBA, GDPR, and FedRAMP; and industry guidelines across financial services, healthcare, energy, and the public sector. The key capability isn’t just storing a list of standards — it’s mapping internal controls and policies to those standards so that a single assessment can satisfy multiple frameworks simultaneously, and so that when a regulation changes, the impact on internal controls is immediately visible without manual cross-referencing.

Yes — automation is one of the primary sources of value in modern risk and compliance software. The most impactful areas of automation in GRC include: workflow routing for risk assessments, control testing, policy reviews, and audit requests; automated alerts when a key risk indicator crosses a threshold or a compliance deadline approaches; evidence collection for audits, where the platform pulls documentation automatically rather than waiting for manual submission; regulatory change monitoring, where the platform tracks updates to applicable regulations and triggers downstream updates to affected controls and policies; and AI-assisted features like risk pattern identification, control recommendations, and the Audit Coordination Agent that manages evidence requests within a centralized workflow. The practical effect is that GRC teams spend less time on administrative coordination and more time on analysis and strategy.

AI is changing what’s possible in GRC in several concrete ways. Risk suggestion capabilities identify emerging and related risks based on current data, trends, and existing risk relationships — surfacing blind spots that manual processes would miss. AI-driven control recommendations suggest appropriate controls based on specific risk context and industry best practice, rather than requiring teams to build control libraries from scratch. Monte Carlo simulation models the probability and financial impact of risks across multiple scenarios, enabling more sophisticated prioritization conversations with leadership. And the Regulatory Mapping Agent monitors regulatory changes and maps updates directly to affected policies, controls, and obligations — turning what was previously a labor-intensive manual process into an automated one. These capabilities don’t replace GRC professionals; they remove the work that prevents them from doing the analysis that actually matters.

The most important evaluation criteria for GRC software are integration depth, configurability, and scalability — in roughly that order. Integration depth means the platform connects risk, compliance, audit, policy, and IT risk data so they inform each other rather than living in parallel silos. Configurability means compliance officers and risk managers can adjust workflows, fields, and reporting without IT involvement, because the regulatory environment changes faster than most implementation cycles. Scalability means the platform can start with the capabilities you need today — perhaps ERM and compliance — and expand into internal audit, third-party risk, and IT risk as the program matures, without requiring a new implementation. Other important criteria include ease of use for non-specialist users, quality of reporting and dashboards for board-level communication, and the strength of the implementation and support model. Riskonnect’s GRC RFP template provides a structured framework for evaluating vendors on these dimensions.

Audit readiness is one of the most tangible near-term benefits of a well-implemented GRC platform. When risk assessments, control tests, policy attestations, and compliance activities are all managed in the same system, the evidence an auditor needs is available in a retrievable, organized form rather than scattered across email threads, spreadsheets, and shared drives. Riskonnect’s Audit Coordination Agent takes this further by organizing audit requests, tracking evidence collection, and managing auditor responses within a centralized workflow — so audit preparation doesn’t consume weeks of staff time that should be spent on risk management. The audit trail maintained across GRC activities also provides the documentation needed to demonstrate not just that controls exist, but that they’re being actively managed and tested.

This is one of the most common practical questions in GRC software evaluation, and the honest answer is that transitions require planning but are rarely as disruptive as they appear. The key is to start with a clear inventory of what your current tools are doing, where the data lives, and which integrations matter most. A phased approach — migrating one function at a time rather than attempting a full cutover — reduces risk and allows teams to validate the new system before decommissioning the old one. Out-of-the-box migration support, pre-built data import tools, and experienced implementation guidance are important vendor selection criteria if you’re replacing existing tools rather than building a program from scratch. Riskonnect’s GoLive! implementation model is specifically designed to get organizations operational quickly while minimizing the friction of transition — and the GRC buying guide covers the broader selection and implementation process in detail.