ERM (Enterprise Risk Management) software helps organizations identify, assess, manage, and monitor risks across departments or business units. It centralizes risk data, supports compliance efforts, and provides tools for reporting, analysis, and decision-making. The goal is to improve risk... Read more
Researched and Edited by Rajat Gupta
Last updated: April 2025
Enterprise Risk Management overview
Researched and Edited by Rajat Gupta
Last updated: April 2025
Common Features
Training & Learning
Action Plans
Risk Identification
Flexibility
+ 19 more
Unique Features
Lead Management
Feedback Management
Feedback Collection
Voice Operation
Pricing
11% Software offers Free Trial
6% Software offers Freemium
Showing 1-18 out of 18
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Product Description
Ostendio is a next-generation, multi-tenant GRC platform designed to centralize and streamline security, compliance, and risk operations across your entire organization. Built to support over 300+ security frameworks like SOC 2, ISO 27001, HIPAA, and FedRAMP, it empowers businesses to build, ...
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Ostendio offers custom pricing plan
Pros & Cons
Ostendio’s extensive library of built-in frameworks, including SOC 2, ISO 27001, HIPAA, and FedRAMP, allows organizations to scale compliance seamlessly across industries and regions.
The platform significantly reduces manual effort, with up to 84% time savings in audit preparation—making it highly efficient for teams managing frequent assessments.
Continuous monitoring and real-time updates provide proactive visibility into risk posture, enabling faster response and mitigation across operational areas.
Ostendio is designed with multi-tenant architecture that supports managed service providers (MSPs) and growing enterprises, delivering a flexible environment that adapts as business needs evolve.
With comprehensive capabilities, the platform may require upfront training or onboarding assistance for non-technical users to fully leverage its features.
Customizing integrations and workflows across 300+ frameworks could be time-consuming during the implementation phase for organizations with limited resources.
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Product Description
SureCloud is a trusted GRC platform backed by 18 years of industry expertise, delivering an all-in-one solution to streamline governance, risk, and compliance operations. Built to be both scalable and intuitive, the platform enables organizations to manage regulatory compliance, cyber risk, and ...
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SureCloud offers custom pricing plan
Pros & Cons
SureCloud’s standout feature transforms raw data into predictive insights, helping organizations proactively manage risk before it becomes a crisis.
It consolidates governance, risk, and compliance functions into one cohesive system, eliminating silos and improving overall visibility.
Continuous control monitoring ensures up-to-date awareness of cyber and regulatory risk, enhancing both decision-making and responsiveness.
Automation reduces manual tasks, streamlines audits and compliance checks, and boosts organizational efficiency across departments.
Despite its intuitive design, some users may face a learning curve due to the platform’s depth and broad capabilities.
For smaller organizations or startups, the cost might increase with advanced modules or as the company scales.
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Product Description
StandardFusion is a centralized, all-in-one GRC platform designed to unify risk, compliance, audit, incident, privacy, vendor, policy, and business continuity management. Purpose-built for clarity, scalability, and efficiency, it empowers organizations to streamline governance processes while ...
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StandardFusion offers custom pricing plan
Pros & Cons
StandardFusion brings together risk, compliance, audit, privacy, policy, vendor, and incident management in a single platform, reducing the need for multiple disconnected tools.
The platform grows with the organization and offers advanced configuration options that adapt to varied and evolving governance structures.
Built to simplify enterprise-wide adherence, it integrates compliance frameworks and streamlines audit and certification processes.
Seamless integrations and customizable workflows enhance collaboration and reduce operational friction, aligning the GRC process with existing business operations.
While flexible, configuring advanced features and integrations may require professional support during implementation.
Despite its strong capabilities, StandardFusion isn’t as widely known as larger GRC platforms, potentially leading to fewer community resources or third-party support.
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Product Description
C1Risk is an all-in-one platform designed to streamline governance, risk, and compliance processes with automation and customizable tools. Unlike other risk management systems, C1Risk simplifies the complexities of risk tracking and mitigation, allowing organizations to focus on what truly ...
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C1Risk offers custom pricing plan
Pros & Cons
C1Risk offers a unified environment for governance, risk, and compliance, eliminating the need for multiple disjointed systems and streamlining operation
Continuous risk tracking ensures timely identification and mitigation, reducing the organization’s exposure to threats and enhancing operational resilience.
The platform supports bi-directional integration with popular enterprise tools like Azure, Okta, Jira, and ServiceNow, enabling seamless data exchange across systems.
C1Risk is built with simplicity in mind, promoting quick adoption and lowering the total cost of ownership compared to many complex, premium platforms.
Compared to industry giants, C1Risk may not be as well-known, potentially causing hesitation among larger enterprises seeking established vendors.
Despite ease of use, organizations may find fewer learning resources or community forums compared to more widely adopted platforms.
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Product Description
ServiceNow's Integrated Risk Management (IRM) solution is a robust, AI-powered platform designed to unify and automate enterprise-wide governance, risk, and compliance (GRC) functions. Built on the Now Platform®, it delivers real-time visibility into risk posture, compliance status, and ...
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ServiceNow Integrated Risk Management offers custom pricing plan
Pros & Cons
ServiceNow’s IRM provides continuous monitoring, offering up-to-date insights into risk posture, compliance status, and resilience operations. This real-time visibility is crucial for organizations to act swiftly in response to emerging threats or disruptions.
The platform leverages artificial intelligence to automate workflows, reducing manual effort and increasing efficiency. It also enhances decision-making by providing intelligent insights that guide actions in response to risk or compliance issues.
IRM unifies risk-related data from various sources, allowing for more streamlined risk management. By consolidating risk, compliance, and resilience information into one platform, organizations gain better control and a holistic view of their operations.
ServiceNow's IRM is designed for collaboration, allowing teams to work together effectively and manage risks in real-time. The flexibility of role-based apps ensures that the right stakeholders are always engaged in decision-making and compliance processes.
ServiceNow’s IRM solution is a comprehensive, enterprise-level tool, which can be a significant financial investment. Small to medium-sized organizations may find the pricing prohibitive.
To maximize its potential, organizations might need to allocate considerable internal resources for monitoring, customization, and integration, especially for businesses with complex risk and compliance needs.
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Product Description
SimpleRisk is a streamlined, cost-effective Governance, Risk, and Compliance (GRC) platform built for scalability and ease of use. It enables organizations to manage enterprise governance through centralized policy storage, integrated regulatory frameworks, and risk exception tracking. With ...
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Free Trial available, Try Now
Starts from $5000/year when yearly
Pros & Cons
SimpleRisk provides a robust set of GRC functionalities at a fraction of the cost of enterprise-level tools, making it highly accessible for small to mid-sized organizations.
With auto-generated risk assessments tied to 250+ frameworks, users can efficiently prioritize and mitigate risks without extensive manual setup.
The platform enables easy management of policies, procedures, and exceptions in one repository, ensuring a consistent and controlled governance structure.
SimpleRisk offers tailored reports that meet the needs of executive, technical, and business users—facilitating clear and relevant risk communication.
Compared to more advanced platforms, SimpleRisk may lack complex AI-driven analytics for deep predictive insights.
Some configuration and integrations may require developer involvement or technical knowledge, especially for unique workflows.
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Product Description
Essential ERM is a purpose-built enterprise risk management platform designed to simplify and elevate organizational risk practices without unnecessary complexity. Built around ISO 31000 and COSO standards, it offers intuitive tools for building risk registers, conducting assessments, and ...
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Essential ERM offers custom pricing plan
Pros & Cons
Essential ERM stands out for its user-friendly interface and streamlined design, making risk management processes easy to implement and manage for users at all levels.
The platform is built around widely recognized risk management frameworks, ensuring that users adhere to global best practices while assessing and mitigating risks.
This feature allows users to visualize multiple risk scenarios intuitively, helping teams understand risk impacts and mitigating actions in a clear and actionable format.
Essential ERM allows for the quick creation of risk votes, enabling business managers and executives to participate in the decision-making process remotely, streamlining the assessment of critical risks.
While the platform is user-friendly, its ease of use might come at the expense of deep customization for more complex risk management needs, which could be limiting for larger organizations with intricate requirements.
While Essential ERM integrates operational risk features, the process of linking and managing them with enterprise-level risks might require additional time and resources for setup.
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Product Description
Ideagen Risk Management is an intuitive, enterprise-grade risk management platform designed to unify risk data, control frameworks, and reporting under one fully integrated system. Offering unlimited control coverage and flexibility, it empowers organizations to customize scoring models, ...
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Ideagen Risk Management offers custom pricing plan
Pros & Cons
Ideagen allows organizations to monitor an unlimited number of controls and entities, offering comprehensive oversight and scalability without additional costs.
Users can define their own risk scoring models, formulas, and reporting structures, making the platform adaptable to any organization's methodology or industry standards.
Its intuitive design ensures that both frequent and occasional users can navigate the system easily, encouraging broad organizational engagement in risk processes.
The platform natively integrates with Ideagen Internal Audit, enabling fluid data sharing and collaboration across governance teams.
While flexibility is a key strength, setting up custom scoring models and workflows may require a deeper learning curve or technical support.
Although it integrates well with Ideagen tools, compatibility with third-party GRC solutions may be limited.
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Product Description
SAI360 delivers a comprehensive and integrated approach to governance, risk, and compliance (GRC), combining powerful software and award-winning ethics and compliance (E&C) training into a single platform. Designed to give organizations a 360-degree view of risk, SAI360 helps businesses make ...
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SAI360 offers custom pricing plan
Pros & Cons
SAI360 offers a 360-degree view of enterprise risk, enabling organizations to identify, assess, and address threats comprehensively across departments.
SAI360 is equipped to address international compliance frameworks, making it suitable for multinational companies dealing with varying regulatory landscapes.
Its flexible, modular design allows organizations to adopt what they need and scale as their governance, risk, and compliance needs grow.
The platform’s commitment to innovation ensures it evolves with emerging risks and compliance demands, helping users stay ahead of regulatory changes.
The comprehensive nature of the platform may result in a steeper learning curve for non-technical users without prior GRC experience.
Some users report that while the platform is configurable, specific modules lack the granular customization found in more specialized tools.
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Product Description
GlobalSuite® is a comprehensive, AI-powered GRC platform designed to simplify risk management, enhance regulatory compliance, and drive strategic decision-making. Tailored for organizations seeking efficiency and control, GlobalSuite® offers integrated modules for risk, security, privacy, data ...
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GlobalSuite offers custom pricing plan
Pros & Cons
GlobalSuite® offers a wide range of modules—from risk and compliance to ESG and TPRM—making it a versatile platform for end-to-end governance management.
The use of AI for identifying and assessing risks improves precision and enables faster, more strategic responses to evolving threats.
Features like process automation, incident management, and reporting reduce manual workload and improve operational efficiency.
The platform supports customizable dashboards, workflows, and surveys, allowing teams to tailor the solution to their unique requirements.
Due to its broad functionality, onboarding may require more time and training for teams unfamiliar with complex GRC platforms.
While powerful, the extensive feature set may feel cluttered for users who only need a subset of functionalities.
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Product Description
The Diligent One Platform is an AI-powered, all-in-one governance, risk, and compliance (GRC) solution designed to centralize fragmented tools into a seamless ecosystem. It delivers a consolidated view of organizational risk, enabling leadership to make faster, more informed decisions. With ...
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Diligent One Platform offers custom pricing plan
Pros & Cons
Combines governance, risk, compliance, audit, ESG, and cyber oversight into one unified platform, reducing reliance on multiple vendors
Provides proprietary, real-time insights on executive compensation, shareholder pressures, and climate risks, helping leadership make data-driven decisions.
Whether a company is just moving off spreadsheets or running an advanced ERM program, the platform adjusts to various maturity levels.
Features like customizable dashboards, pre-configured templates, and certification modules are built specifically with board users in mind.
The platform's depth may overwhelm smaller organizations or those with minimal GRC infrastructure.
Given its enterprise-grade capabilities, licensing and implementation costs may be more suitable for large-scale enterprises.
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Product Description
NAVEX One is a comprehensive governance, risk, and compliance (GRC) platform designed to provide organizations with a 360-degree view of internal operations, third-party interactions, and regulatory obligations. By consolidating risk, compliance, and data intelligence into one centralized ...
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NAVEX One offers custom pricing plan
Pros & Cons
NAVEX One unifies all governance, risk, and compliance efforts under one system, eliminating silos and improving overall program coordination.
With a complete view of internal processes and third-party engagements, the platform enhances strategic risk awareness and decision-making.
Automated processes reduce manual workloads, increase efficiency, and help organizations proactively stay ahead of compliance requirements.
Built-in DOJ-aligned compliance tools and regulatory tracking help businesses stay up to date and mitigate legal exposure.
The breadth of features demands a thoughtful implementation plan, which may need extensive coordination and time investment upfront.
Some users may find limited flexibility in tailoring specific workflows or interfaces without vendor support.
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Product Description
Protecht is a comprehensive, expert-designed risk management platform that empowers organizations to manage enterprise risk, compliance, IT and vendor risk, audit, and business continuity through a single, configurable solution. With dynamic risk assessment tools and intuitive dashboards, ...
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Protecht offers custom pricing plan
Pros & Cons
Protecht offers a unified solution for managing enterprise risk, compliance, vendor and IT risk, audit, and business continuity, reducing the need for multiple tools and improving process cohesion.
The platform’s dashboards and structured analytics deliver timely, data-driven insights that empower strategic decision-making and improve responsiveness to emerging risks.
Its flexible platform can be tailored to meet the specific needs of different industries and departments, enhancing usability and relevance.
Protecht supports business continuity and resilience planning, helping organizations meet regulatory standards and maintain service continuity during disruptions.
While intuitive for basic use, more complex configuration and integrations may require in-depth training or external support.
Extensive customization or specialized industry needs may necessitate assistance from Protecht’s support team or partners.
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Product Description
Camms GRC is a powerful, cloud-based governance, risk, and compliance platform designed to unify risk functions under one roof while aligning them seamlessly with business objectives. Recognized for its flexibility and ease of use, Camms.Risk offers rapid time to value and supports a fully ...
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Camms GRC offers custom pricing plan
Pros & Cons
Camms GRC consolidates risk, compliance, audit, resilience, and more into a unified system, reducing tool sprawl and improving oversight across business functions.
The platform offers excellent flexibility to tailor modules to specific business needs while remaining intuitive enough for broad user adoption with minimal training.
Camms.Risk is designed for quick deployment and fast ROI, allowing organizations to begin seeing benefits shortly after implementation.
With a customer base that includes government bodies and leading enterprises worldwide, Camms has a proven track record of reliability and performance.
Although highly flexible, deeper customization for complex workflows may require support from Camms consultants or experienced internal admins.
As a fully cloud-based solution, it may not offer robust offline access, which can be a limitation in environments with poor connectivity.
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Product Description
IBM OpenPages with Watson is an AI-powered, cloud-agnostic GRC platform designed to unify siloed risk management functions into a single, cohesive environment. Emphasizing a "GRC is Everyone’s Business" philosophy, it fosters a culture of inclusiveness, transparency, and consistency across the ...
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IBM OpenPages offers custom pricing plan
Pros & Cons
OpenPages leverages AI to guide users in real-time, reducing time spent on navigation and manual queries, which boosts productivity across compliance and risk tasks.
Its flexibility allows organizations to tailor workflows, taxonomies, and reporting tools to suit their unique risk management processes without complex development efforts
OpenPages can run on any cloud platform, offering deployment flexibility and aligning with enterprise IT strategies, whether hybrid, public, or private cloud.
AI-suggested classifications promote accuracy, helping reduce human error and enhancing the reliability of incident and risk data across departments.
While highly customizable, the initial configuration can be complex and may require support from IBM or experienced consultants to get started effectively.
As an enterprise-grade solution, OpenPages can be expensive, which may be a barrier for smaller organizations with limited GRC budgets.
Product Description
Resolver is a cloud-based incident management platform for successful companies, designed to reduce the frequency and impact of unwelcome events. Facilitates risk management teams in identifying both strategic and operational risks, letting them to take effective preventive measures. Features ...
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Resolver offers custom pricing plan
Pros & Cons
Resolver’s cloud-based architecture allows for anytime, anywhere access, making it ideal for distributed teams and global operations.
By combining incident response with strategic and operational risk management, Resolver helps organizations proactively reduce the frequency and impact of incidents.
The platform’s structured approach to managing corporate security allows businesses to scale their security programs effectively as they grow.
Resolver offers sophisticated reporting tools that ensure sensitive data is handled securely while delivering actionable insights to decision-makers.
While the platform seems structured, there’s limited information about how customizable it is for unique organizational workflows.
Advanced capabilities such as the Corporate Security Maturity Model may require training or expert onboarding for new users.
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Product Description
OneTrust is an ultimate solution for businesses to ensure their safety and manage privacy issues with ease. It helps them to stay updated with global privacy laws and provide superior data protection functionality. Top companies such as Allianz, Huawei, Maersk and Oracle trust OneTrust to get ...
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OneTrust offers custom pricing plan
Pros & Cons
OneTrust excels in managing privacy requirements, offering tools that help organizations comply with global regulations such as GDPR, CCPA, and more, all from a single platform.
OneTrust supports robust integrations with multiple third-party applications, enhancing interoperability and reducing manual processes across IT and compliance teams.
The platform uses artificial intelligence to automatically discover, classify, and map sensitive data across systems, enabling proactive data governance.
In addition to privacy, OneTrust extends its functionality into Governance, Risk, and Compliance (GRC), offering policy management, risk assessments, and internal control tools.
Although the platform is highly configurable, setting up custom workflows and integrations can be complex and often requires technical assistance.
Some users report that the interface can feel cluttered and unintuitive, especially for teams focused on simpler privacy tasks.
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Product Description
Beams helps stay on top of community feedback and empowers your marketing strategy. Collect voice testimonials with ease and gain more insight than ever before - 4 times more audio responses than text or video! Our advanced AI automatically aggregates the valuable voice insights, creating ...
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Starts from $4/Month when Billed Yearly, also offers free forever plan