Tolulope MichaelTop 5 GRC Tools: Prices, Ratings, Other Tools
Today’s business environment compels organizations to effectively manage their governance, risk, and compliance (GRC) practices to safeguard their operations and reputation. With increasing regulatory pressure, advanced cyber threats, and complex internal operations, having the right tools in place is more essential than optional.
GRC tools are specifically designed to streamline processes, reduce risks, and ensure organizations remain compliant with relevant regulations.
As businesses face an array of risks, from cybersecurity vulnerabilities to legal and financial complexities, the demand for comprehensive GRC tools continues to rise. These platforms help businesses assess, track, and manage risks, ensuring transparency and efficiency across all levels of operation.
This article critically examines the top 5 GRC tools that have emerged as leaders in the industry, offering a detailed comparison of their features, capabilities, and best-use cases.
Top 5 GRC Tools: Summary Table
| GRC Tool | Best For | Key Features | Best For Industry | Price Range | Rating (G2) |
| MetricStream | Flexibility & Customization | AI-powered insights, regulatory change management, risk quantification, customizable workflows | Large Enterprises, Diverse Industries | $10,000 – $100,000+ (custom pricing) | 4.8/5 |
| RSA Archer | Breadth of Features | Audit management, incident tracking, customizable workflows, broad risk management features | Large Enterprises, Financial Services | $10,000 – $100,000+ (custom pricing) | 4.7/5 |
| ServiceNow | Automation & Real-Time Insights | Automated workflows, real-time compliance tracking, incident response, vendor risk management | Enterprises Seeking Automation & Integration | $5,000 – $50,000+ (custom pricing) | 4.5/5 |
| Hyperproof | Real-Time Compliance Tracking | Real-time tracking, evidence management, automated workflows, risk mitigation | Tech, Finance, Healthcare | $5,000 – $25,000 (mid-tier pricing) | 4.6/5 |
| LogicGate | Customizable Risk Management | Customizable workflows, audit management, cybersecurity risk management, risk reporting | Fintech, Healthcare, Dynamic Risk Environments | $5,000 – $50,000 (custom pricing) | 4.6/5 |
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What Are GRC Tools?
Governance, Risk, and Compliance (GRC) tools are software platforms designed to help organizations manage and streamline their governance, risk management, and compliance processes. These tools are essential for businesses aiming to mitigate risks, ensure compliance with regulations, and maintain efficient governance structures.
GRC tools serve as a centralized hub for organizations to manage multiple tasks that span across risk identification, policy management, compliance tracking, audit management, and more. They help to automate workflows, centralize data, and provide real-time visibility into key operations. In doing so, GRC tools enable businesses to:
- Manage risks: Identify, assess, and track risks in real time across different business functions.
- Ensure compliance: Stay up to date with regulatory changes and manage compliance requirements for multiple frameworks.
- Govern business processes: Establish and enforce policies that align with corporate goals, reducing operational silos and promoting accountability.
While cybersecurity solutions focus primarily on protecting data and ensuring privacy, GRC tools offer a broader scope by managing a variety of risks, including financial, strategic, and operational risks.
Unlike traditional software solutions that may only focus on one aspect (such as data protection), GRC tools provide an integrated approach to mitigate risks across all departments.
In essence, GRC tools cybersecurity plays a key role within these platforms, ensuring that organizations maintain a robust security posture while simultaneously adhering to regulatory frameworks. They work in tandem to safeguard both data and business processes, making them an indispensable asset for modern organizations.
Top 5 GRC Tools for 2025
- MetricStream: Best for Flexibility & Customization
MetricStream is a highly versatile Governance, Risk, and Compliance platform that stands out for its exceptional ability to customize and adapt to diverse organizational needs. It is widely recognized for integrating risk management, compliance, audit, and cybersecurity functions seamlessly into a single platform.
This flexibility makes it particularly useful for large enterprises that require tailored solutions to manage complex risk environments.
Key features of MetricStream include:
- AI-powered insights: MetricStream uses AI to analyze data, predict potential risks, and recommend mitigation actions.
- Regulatory change management: The platform automatically alerts users to changes in regulations, helping businesses stay compliant in a constantly shifting regulatory landscape.
- Risk quantification: It provides businesses with the ability to quantify risks in financial terms, helping organizations make more informed decisions.
- Customizable workflows: MetricStream allows users to create custom workflows that can be tailored to the specific needs of different departments or teams.
Often cited in the GRC tools Gartner Magic Quadrant, MetricStream consistently earns high marks for its broad range of features and integration capabilities. It is ideal for organizations that require a comprehensive GRC solution that can evolve with their business.
READ MORE: 10 Best GRC Tools and Platforms (2025)
- RSA Archer: Best for Breadth of Features
RSA Archer is a leading GRC platform that excels in providing a broad array of features for organizations of all sizes. Known for its comprehensive functionality, RSA Archer is particularly suited for businesses looking to manage risk, ensure compliance, and protect their assets across various operational areas.
Key features of RSA Archer include:
- Audit management: The platform allows users to streamline audit processes, from planning and execution to reporting and follow-up. It ensures that audits are conducted efficiently, improving the overall governance structure.
- Incident tracking and reporting: RSA Archer provides a centralized location to track incidents, evaluate their impact, and monitor mitigation efforts in real time.
- Risk management: It enables organizations to assess and prioritize risks, making it easier to deploy resources where they are most needed.
- Customization: RSA Archer is highly customizable, with flexible workflows and dashboards that can be tailored to an organization’s specific risk and compliance needs.
As one of the top GRC tools Gartner frequently mentions, RSA Archer’s wide-reaching capabilities make it a top contender for businesses seeking a unified, all-encompassing GRC solution. Its modular structure also allows companies to scale up or down depending on their specific requirements.
- ServiceNow: Best for Automation and Real-Time Insights
ServiceNow has evolved from being a service management tool to a full-fledged GRC solution, offering automation and real-time insights to help organizations manage their governance, risk, and compliance processes more efficiently. This platform is particularly valuable for businesses looking to streamline workflows and enhance collaboration across departments.
Key features of ServiceNow include:
- Real-time compliance tracking: ServiceNow provides up-to-the-minute visibility into compliance status across the organization, helping businesses stay proactive in managing regulatory requirements.
- Automated workflows: With no-code playbooks, ServiceNow allows users to automate routine compliance tasks, improving efficiency and reducing manual errors.
- Incident response: The platform integrates incident response within its GRC framework, ensuring that businesses can react swiftly to emerging risks and threats.
- Vendor risk management: ServiceNow helps organizations assess and manage risks posed by third-party vendors, crucial for industries dealing with external partners or suppliers.
ServiceNow’s focus on GRC tools cybersecurity makes it especially relevant for businesses that need to integrate security measures into their governance and compliance processes. While it may have a higher learning curve for new users, its powerful features and automation capabilities make it a top choice for organizations looking to future-proof their GRC operations.
- Hyperproof: Best for Real-Time Compliance Tracking
Hyperproof is a cloud-based GRC platform designed to streamline compliance management and provide real-time insights into regulatory requirements. With its user-friendly interface and advanced automation features, it is particularly beneficial for industries such as technology, finance, and healthcare, where continuous adherence to compliance standards is critical.
Key features of Hyperproof include:
- Real-time compliance tracking: Hyperproof offers continuous tracking of compliance activities, ensuring organizations are always up to date with the latest regulatory standards. This is particularly helpful for businesses operating across multiple regions with varying compliance requirements.
- Evidence management: The platform centralizes the collection of compliance evidence, linking it directly to specific controls to ensure a smooth audit process.
- Automated workflows: Hyperproof automates key compliance processes such as task assignment, reminders, and reporting, significantly reducing manual workload and the risk of human error.
- Risk mitigation: It also helps businesses identify and mitigate compliance risks before they become serious issues, providing an added layer of protection.
As one of the most popular GRC tools, Hyperproof’s focus on simplifying compliance and its real-time monitoring capabilities make it a top choice for businesses looking to reduce their compliance burdens while maintaining high standards.
- LogicGate: Best for Customizable Risk Management
LogicGate is a flexible and highly customizable GRC platform that stands out for its ability to tailor workflows and risk management solutions to specific business needs. This makes it an ideal choice for organizations with dynamic risk environments, such as those in fintech, healthcare, and insurance.
Key features of LogicGate include:
- Customizable workflows: LogicGate allows organizations to design workflows that align with their unique risk management strategies. This customization ensures that businesses can adapt the platform to their specific regulatory, operational, and risk-related challenges.
- Pre-built audit management: The platform simplifies audit management by offering pre-built templates and automated workflows, making it easier for businesses to track and resolve audit findings.
- Cybersecurity risk management: LogicGate’s cybersecurity risk management capabilities provide businesses with deep visibility into potential cybersecurity threats, enabling teams to prioritize and address these risks proactively.
- Risk reporting: The platform’s robust reporting tools allow businesses to generate actionable insights on their risk landscape, helping executives make data-driven decisions.
With its deep focus on GRC tools examples that span multiple industries, LogicGate offers a comprehensive solution for companies that need a platform capable of evolving with their unique business requirements. Its ability to integrate with existing systems and customize workflows ensures that it remains a top contender in the GRC space.
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How to Choose the Right GRC Tool for Your Business
Selecting the right Governance, Risk, and Compliance (GRC) tool for your organization is a crucial step in streamlining operations, ensuring compliance, and mitigating risks. With the vast array of options available, it’s important to consider several key factors to determine which tool best aligns with your business’s needs. Here’s a guide on how to choose the right GRC tool for your business:
- Assess Your Compliance Requirements:
Before diving into the search for a GRC tool, understand which regulatory frameworks apply to your organization. Whether it’s GDPR, HIPAA, PCI-DSS, or SOX, each tool will offer different strengths when it comes to compliance. Top GRC tools for banks, for example, will have specialized features tailored to financial regulations, whereas tools like Hyperproof may be better for organizations with a variety of overlapping compliance frameworks.
- Evaluate Risk Management Capabilities:
The core function of a GRC tool is to help identify, assess, and mitigate risks across your organization. Ensure the tool you choose has robust risk assessment features that can evaluate risks in real time and help prioritize them based on impact. Some tools, like LogicGate and RSA Archer, excel in offering deep customization for complex risk environments.
- Scalability and Flexibility:
It’s important to select a GRC solution that can grow with your business. As your organization expands or your regulatory requirements change, your GRC tool should be adaptable. For businesses looking for long-term viability, choosing a platform that offers scalability, like MetricStream or ServiceNow, will allow you to manage risks and compliance more efficiently as your business evolves.
- Integration with Existing Systems:
Seamless integration with your current software is essential for a smooth adoption process. Whether it’s your ERP system, project management tools, or cybersecurity solutions, make sure your GRC tool can integrate with your existing platforms to avoid data silos and duplication of efforts.
- User-Friendliness:
A GRC tool should not only be powerful but also easy to use. The user experience is crucial in ensuring that employees across various departments can easily engage with the platform. Tools like ServiceNow, which offer no-code playbooks and a user-friendly interface, make it easier for employees to adopt and utilize the tool effectively.
- Pricing and Support:
Pricing is another important factor to consider when choosing a GRC tool. Many platforms offer different pricing tiers based on the size of your organization and the features you need. Some companies may also consider free GRC tools as an entry point to GRC, but be mindful that these often come with limited functionalities. Always evaluate the total cost of ownership, including implementation and ongoing support, before making a decision.
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Other Notable GRC Tools and Free Options
While the top five tools discussed earlier are some of the most powerful and widely recognized in the industry, there are other notable GRC tools and even free GRC tools that may fit certain business needs, particularly for small and growing organizations. Let’s take a look at some of these alternatives and how they cater to various use cases.
- Riskonnect
Riskonnect is another significant GRC tool that offers a robust platform for managing risks, incidents, audits, and compliance. It is especially well-regarded for its integration capabilities and strategic analytics, which help organizations visualize key risks and take proactive actions. Riskonnect also provides a unique GRC tools list for users to customize their platform according to their industry-specific needs.
- ZenGRC
ZenGRC is a cloud-based GRC platform that provides continuous monitoring and easy management of audits and risks. It simplifies the process of meeting regulatory requirements through automation, making it a great choice for organizations that want to improve risk visibility and streamline compliance workflows.
- StandardFusion
For businesses on a budget, StandardFusion provides a transparent pricing structure, making it easier to understand what you’re paying for without hidden fees. It’s an ideal option for small to medium-sized businesses (SMBs) that require essential GRC features, like risk assessments and compliance management, without the complexity of enterprise-level tools.
- Free GRC Tools
If your business is just starting with GRC or you are looking to try out GRC software without a major investment, there are a few free tools available:
- Open-source GRC tools: Platforms like GRR (Governance, Risk, and Resilience) offer basic functionalities such as policy management and risk assessments, often with the ability to extend the software through community contributions.
- Trello for GRC: While not a dedicated GRC platform, Trello can be customized with the right boards and templates to manage compliance and risk tasks for smaller organizations with basic needs.
- Google Sheets/Docs for GRC: For those looking for a no-cost option, simple spreadsheets and document templates can be used for basic risk tracking, although they may lack automation and deeper functionality.
These free GRC tools can serve as a starting point, but as your organization grows or faces more complex regulatory demands, it may be necessary to invest in a comprehensive GRC solution like those mentioned earlier.
READ: ERM Vs GRC: A Complete Analysis
Conclusion
In an increasingly complex business environment, selecting the right Governance, Risk, and Compliance (GRC) tool is a critical step in managing risks, ensuring compliance, and fostering transparency across all organizational levels.
The top 5 GRC tools we’ve explored, MetricStream, RSA Archer, ServiceNow, Hyperproof, and LogicGate, offer a range of powerful features that can help businesses streamline processes, automate compliance management, and improve risk assessment.
While these tools are tailored for different needs, whether it’s flexibility, real-time tracking, or comprehensive risk management, choosing the right one depends on the specific demands of your business, industry, and regulatory environment.
For organizations in banking or financial services, for example, Top 5 GRC tools for banks like RSA Archer or MetricStream provide specialized features to meet industry regulations. Similarly, businesses looking for GRC tools cybersecurity integration will find solutions like ServiceNow particularly valuable.
As organizations grow, so do their GRC needs. Therefore, it’s crucial to select a platform that not only meets current requirements but is also scalable to adapt to future challenges.
Whether you’re looking for highly customizable solutions or streamlined compliance tracking, there’s a GRC tool out there that can provide the insights and functionality you need to stay ahead of evolving risks.
With a range of options available, from free GRC tools to comprehensive enterprise solutions, businesses can now find a solution that aligns with their budget and needs. By implementing the right GRC tool, businesses can enhance their decision-making capabilities, reduce compliance risks, and ensure operational resilience in an increasingly regulated world.
FAQ
Which GRC tool is best?
The best GRC tool depends on your organization’s specific needs, such as industry requirements, risk management capabilities, and scalability. Some of the top GRC tools include:
MetricStream: Best for flexibility and customization, often recognized in the GRC tools Gartner Magic Quadrant.
RSA Archer: Known for its broad features and customizable workflows, making it a solid choice for large enterprises.
ServiceNow: Excellent for automation and real-time insights, especially for organizations looking to integrate with IT services.
Hyperproof: Ideal for real-time compliance tracking and evidence management.
LogicGate: Best for customizable risk management workflows, particularly suited for fintech and healthcare sectors.
Each tool excels in different areas, so it’s important to evaluate your specific requirements to determine which one aligns best with your business needs.
What are GRC tools?
Governance, Risk, and Compliance (GRC) tools are software platforms that help organizations manage governance, risk management, and compliance activities. They streamline business processes related to identifying, assessing, and mitigating risks while ensuring compliance with regulatory requirements.
GRC tools typically include features like risk assessment, policy management, audit tracking, compliance monitoring, and incident management. They help organizations integrate risk management and compliance practices across various departments, ensuring transparency, efficiency, and security.
How much do GRC tools cost?
The cost of GRC tools can vary widely based on the size of your organization, the complexity of your requirements, and the specific features needed. Generally, the pricing for GRC tools can be broken down into the following ranges:
Free GRC tools: Basic options with limited features, often used by small businesses or startups.
Small to Mid-sized Businesses (SMBs): Typically, pricing ranges from $5,000 to $25,000 per year, depending on the number of users, features, and customization needs.
Enterprise-level tools: For large organizations or those requiring highly customizable features, pricing can start around $50,000 annually and can go up to several hundred thousand dollars, especially for comprehensive platforms like MetricStream or RSA Archer. Custom pricing is often available for these high-end solutions.
Most GRC tools offer tiered pricing models or offer quotes upon request, depending on the business’s needs and number of users.
Is Jira a GRC tool?
Jira is not a GRC tool. It is a popular project management and issue tracking software commonly used for software development and agile teams. While Jira helps manage tasks, bugs, and workflows, it is not designed specifically to handle governance, risk, and compliance activities.
However, Jira can be customized and integrated with other tools to support certain elements of GRC, such as tracking compliance issues or managing audits, but it lacks the full suite of features typically offered by dedicated GRC software platforms.
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