# Best Enterprise Risk Management (ERM) Software for Small Business *By [Lauren Worth](https://research.g2.com/insights/author/lauren-worth)* Products classified in the overall Enterprise Risk Management (ERM) category are similar in many regards and help companies of all sizes solve their business problems. However, small business features, pricing, setup, and installation differ from businesses of other sizes, which is why we match buyers to the right Small Business Enterprise Risk Management (ERM) to fit their needs. Compare product ratings based on reviews from enterprise users or connect with one of G2's buying advisors to find the right solutions within the Small Business Enterprise Risk Management (ERM) category. In addition to qualifying for inclusion in the Enterprise Risk Management (ERM) Software category, to qualify for inclusion in the Small Business Enterprise Risk Management (ERM) Software category, a product must have at least 10 reviews left by a reviewer from a small business. ## How Many Enterprise Risk Management (ERM) Software Products Does G2 Track? **Total Products under this Category:** 87 ### Category Stats (May 2026) - **Average Rating**: 4.49/5 (↑0.01 vs Apr 2026) - **New Reviews This Quarter**: 96 - **Buyer Segments**: Enterprise 46% │ Mid-Market 29% │ Small-Business 26% - **Top Trending Product**: SimpleRisk (+0.042) *Last updated: May 18, 2026* ## How Does G2 Rank Enterprise Risk Management (ERM) Software Products? **Why You Can Trust G2's Software Rankings:** - 30 Analysts and Data Experts - 8,200+ Authentic Reviews - 87+ Products - Unbiased Rankings G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category. ## Top Enterprise Risk Management (ERM) Software at a Glance | # | Product | Rating | Best For | What Users Say | |---|---------|--------|----------|----------------| | 1 | [Optro](https://www.g2.com/products/optro/reviews) | 4.6/5.0 (1,584 reviews) | Workflow-contextual compliance tool discovery | "[All-in-One Compliance Management That Saves Time and Reduces Errors](https://www.g2.com/survey_responses/optro-review-12266491)" | | 2 | [Workiva](https://www.g2.com/products/workiva-workiva/reviews) | 4.5/5.0 (2,128 reviews) | Linked risk-to-control testing with audit trails | "[Streamlined Reporting with Room for Improvement](https://www.g2.com/survey_responses/workiva-review-4678942)" | | 3 | [Sprinto](https://www.g2.com/products/sprinto-inc/reviews) | 4.8/5.0 (1,622 reviews) | Automated control monitoring with continuous evidence collection | "[Streamlined ISO 27001 Compliance with Excellent Support](https://www.g2.com/survey_responses/sprinto-review-12712194)" | | 4 | [ServiceNow Governance, Risk, and Compliance (GRC)](https://www.g2.com/products/servicenow-governance-risk-and-compliance-grc/reviews) | 4.2/5.0 (103 reviews) | ServiceNow-native integrated risk-control-policy traceability | "[Single platform for enterprise-wide risk visibility](https://www.g2.com/survey_responses/servicenow-governance-risk-and-compliance-grc-review-12759445)" | | 5 | [LogicGate Risk Cloud](https://www.g2.com/products/logicgate-risk-cloud/reviews) | 4.6/5.0 (188 reviews) | No-code ERM workflows with interconnected risk views | "[Streamlined GRC Tool with Excellent Training Resources](https://www.g2.com/survey_responses/logicgate-risk-cloud-review-12799613)" | | 6 | [SAP Risk Management](https://www.g2.com/products/sap-risk-management/reviews) | 4.2/5.0 (77 reviews) | SAP-native SOD conflict and compliance tracking | "[Centralized, Smart, and Secure Risk Management with SAP](https://www.g2.com/survey_responses/sap-risk-management-review-11027090)" | | 7 | [Hyperproof](https://www.g2.com/products/hyperproof/reviews) | 4.5/5.0 (215 reviews) | Cross-framework risk-to-control evidence mapping | "[Hyperproof Keeps Us Audit-Ready with Real-Time Visibility and Automation](https://www.g2.com/survey_responses/hyperproof-review-12770337)" | | 8 | [Ncontracts](https://www.g2.com/products/ncontracts-ncontracts/reviews) | 4.7/5.0 (178 reviews) | Cross-module GRC with built-in regulatory templates | "[Centralized Contracts with User-Friendly Interface](https://www.g2.com/survey_responses/ncontracts-review-12432305)" | | 9 | [IBM OpenPages](https://www.g2.com/products/ibm-openpages/reviews) | 4.2/5.0 (66 reviews) | Audit-ready GRC with risk-control matrix workflows | "[Transforms Risk Management and Compliance](https://www.g2.com/survey_responses/ibm-openpages-review-12242779)" | | 10 | [SAI360](https://www.g2.com/products/sai360/reviews) | 4.1/5.0 (114 reviews) | Cross-linked risk-control-audit registers enterprise-wide | "[Questionnaire Templates and AI Response Mapping Make Vendor Requests Effortless](https://www.g2.com/survey_responses/sai360-review-12692842)" | ## Which Type of Enterprise Risk Management (ERM) Software Tools Are You Looking For? - [Enterprise Risk Management (ERM) Software](https://www.g2.com/categories/enterprise-risk-management-erm) *(current)* - [Audit Management Software](https://www.g2.com/categories/audit-management) - [Regulatory Change Management Software](https://www.g2.com/categories/regulatory-change-management) - [IT Risk Management Software](https://www.g2.com/categories/it-risk-management) - [Business Continuity Management Software](https://www.g2.com/categories/business-continuity-management-software) - [Operational Risk Management Software](https://www.g2.com/categories/operational-risk-management) - [Policy Management Software](https://www.g2.com/categories/policy-management) - [Security Compliance Software](https://www.g2.com/categories/security-compliance) --- **Sponsored** ### ZenGRC ZenGRC offers an established solution to elevate your company's risk and compliance program to the highest infosec standards. The cloud-based SaaS solution fits your existing GRC program and also evolves to guide you throughout your maturity roadmap. With ZenGRC as the central platform for your organization's entire infosec ecosystem, you can achieve continuous monitoring and efficient audit management capabilities, as well as customizable, end-to-end risk management that's built-in — not bolted on. Companies from SMB all the way to Enterprise use ZenGRC for... — Minimized manual effort through automation — Shortened, simplified audit cycles — Risk management that’s built-in—not bolted on — Increased visibility and reporting with dashboards — Direct integrations with ServiceNow, AWS, Qualys, Slack, JIRA, and more. [Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1447&secure%5Bdisplayable_resource_id%5D=1447&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=page_category&secure%5Bplacement_resource_ids%5D%5B%5D=1447&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=35426&secure%5Bresource_id%5D=1447&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fenterprise-risk-management-erm&secure%5Btoken%5D=9f81bb88b6d6fd1bbba6e3a4ef04d2c0f60c9645cb07a2074a3edceb7d23fbd8&secure%5Burl%5D=https%3A%2F%2Finfo.zengrc.com%2Fswitch-to-zengrc%3Futm_source%3Dg2%26utm_medium%3Dcpc%26utm_campaign%3DcategoryTest&secure%5Burl_type%5D=custom_url) --- ## What Are the Top-Rated Enterprise Risk Management (ERM) Software Products in 2026? ### 1. [Sprinto](https://www.g2.com/products/sprinto-inc/reviews) **Average Rating:** 4.8/5.0 **Total Reviews:** 1,622 **Product Description:** Sprinto is the world's first Autonomous Trust Platform, detecting change across your posture, determining what's at risk, and acting across compliance, vendor risk, AI governance, and more, so your organization stays trustworthy without the operational chaos. Sprinto is trusted by 3,000+ companies across 75 countries, including Emergent, CodeRabbit, Anaconda, and Whatfix. The platform supports 200+ global standards, including SOC 2, ISO 27001, GDPR, HIPAA, PCI-DSS, and ISO 42001, for AI governance across 300+ integrations. ### What Do G2 Reviewers Say About Sprinto? *AI-generated summary from verified user reviews* **Pros:** - Users find **Sprinto easy to use** , appreciating its simplicity in deployment and efficient management for compliance controls. - Users commend Sprinto's **impressive customer support** , with responsive specialists ensuring prompt answers and smooth compliance processes. - Users value the **intuitive compliance management** of Sprinto, enhancing visibility and saving significant time through automation. - Users commend Sprinto for its **intuitive platform and helpful team** , making compliance management streamlined and efficient. - Users value the **proactive automation** of Sprinto, ensuring organizations stay audit-ready throughout the year with ease. **Cons:** - Users note **integration issues** with some tools, affecting usability and functionality during multi-framework navigation. - Users experience **limited integrations** in Sprinto, hindering customization and efficiency in task delegation. - Users find the **limited customization options** of Sprinto challenging for unique compliance needs and specific workflows. - Users experience **unclear guidance** with the action plan and dashboard, making navigation and usage challenging. - Users report encountering **software bugs** and minor glitches in Sprinto that can be frustrating during use. #### What Are Recent G2 Reviews of Sprinto? **"[Streamlined ISO 27001 Compliance with Excellent Support](https://www.g2.com/survey_responses/sprinto-review-12712194)"** **Rating:** 5.0/5.0 stars *— Prashanth R.* [Read full review](https://www.g2.com/survey_responses/sprinto-review-12712194) --- **"[Sprinto makes multi-framework compliance actually manageable](https://www.g2.com/survey_responses/sprinto-review-12845250)"** **Rating:** 4.5/5.0 stars *— Grzegorz M.* [Read full review](https://www.g2.com/survey_responses/sprinto-review-12845250) --- ### 2. [Optro](https://www.g2.com/products/optro/reviews) **Average Rating:** 4.6/5.0 **Total Reviews:** 1,584 **Product Description:** Optro (Formerly AuditBoard) is a GRC software solution that helps enterprises manage audit, risk, and compliance workflows through an agentic system of action. By using GRC-trained AI, centralizing disparate data points, and automating manual processes, the platform enables organizations to transition from reactive risk management to proactive strategic planning. The platform functions as a comprehensive ecosystem for risk managers, assurance leaders, internal auditors, and compliance officers. It addresses the increasing complexity of modern regulatory environments by providing tools for real-time monitoring and reporting. Optro facilitates a streamlined flow of information between teams, ensuring that risk data is not siloed but instead used to inform high-level business decisions. Optro’s approach allows companies to identify emerging threats and operational vulnerabilities before they impact the bottom line, ultimately turning risk management into a driver of organizational opportunity. ### What Do G2 Reviewers Say About Optro? *AI-generated summary from verified user reviews* **Pros:** - Users appreciate the **ease of use** of Optro, enhancing their experience with efficient audit functions and assessments. - Users value the **seamless integration** of workpapers, issues, and evidence, enhancing audit efficiency and clarity. - Users find AuditBoard **extremely intuitive** , aided by helpful tutorials for a quick onboarding experience. - Users appreciate the **user-friendly experience** of Optro, making audit management easier and more organized. - Users value the **enhanced audit efficiency** of Optro, streamlining processes and linking workpapers for coherence. **Cons:** - Users find the **limited functionality** of Optro restricts their ability to access essential analytics features effectively. - Users find a need for **more user guides and videos** to enhance the dashboard experience and reduce glitches. - Users find **functional limitations** in Optro, as some features don't align with current practices or accessibility needs. - Users experience **limited features** in Optro, particularly with data uploads and library request functionalities. - Users find **limited customization** in Optro, making it difficult to tailor features to their internal processes. #### What Are Recent G2 Reviews of Optro? **"[All-in-One Compliance Management That Saves Time and Reduces Errors](https://www.g2.com/survey_responses/optro-review-12266491)"** **Rating:** 4.0/5.0 stars *— Carlos C.* [Read full review](https://www.g2.com/survey_responses/optro-review-12266491) --- **"[Marketplace discovery that stopped feeling like a treasure hunt](https://www.g2.com/survey_responses/optro-review-12522913)"** **Rating:** 4.5/5.0 stars *— Marta S.* [Read full review](https://www.g2.com/survey_responses/optro-review-12522913) --- #### What Are G2 Users Discussing About Optro? - [What is AuditBoard used for?](https://www.g2.com/discussions/what-is-auditboard-used-for) - 1 comment - [What is the best audit software?](https://www.g2.com/discussions/what-is-the-best-audit-software) - [What is audit management software?](https://www.g2.com/discussions/what-is-audit-management-software) - 1 comment ### 3. [IBM OpenPages](https://www.g2.com/products/ibm-openpages/reviews) **Average Rating:** 4.2/5.0 **Total Reviews:** 66 **Product Description:** OpenPages is an AI-powered, easy-to-use, and highly scalable GRC management solution that runs on any cloud and centralizes siloed risk management functions into a single environment. OpenPages lays emphasis upon ‘GRC is Everyone’s Business’ strategy by establishing a risk and compliance culture that promotes inclusiveness, consistency and transparency Easy-to-use, highly configurable and requires little/no training Saves time - Users are guided by an AI powered virtual assistant giving real-time answers to users. Improves data quality - AI suggested classifications help users reduce errors, mitigate risks and promote accuracy and efficiency in incident reporting and risk mitigation efforts. Reduces the knowledge gap - Users are guided by AI in the interface for areas like risk and compliance taxonomies. ### What Do G2 Reviewers Say About IBM OpenPages? *AI-generated summary from verified user reviews* **Pros:** - Users value the **effective risk management capabilities** of IBM OpenPages, enhancing compliance and integration across platforms. - Users appreciate the **time-saving features** of IBM OpenPages, enhancing efficiency in managing workflows and audits. - Users value the **automation capabilities** of IBM OpenPages, enhancing efficiency through customizable workflows and streamlined compliance. - Users appreciate the **intuitive interface** of IBM OpenPages, making navigation and usability effortless for all customers. - Users value the **robust security features** of IBM OpenPages, effectively protecting against data breaches and ensuring compliance. **Cons:** - Users find IBM OpenPages' **complexity** a barrier due to its steep learning curve and cumbersome workflows. - Users find the **high cost** of IBM OpenPages to be a significant drawback in its overall value. - Users find the **usability needs improvement** , facing challenges with complexity, customization, and a steep learning curve. - Users find a **steep learning curve** in IBM OpenPages, making it challenging for new users to navigate effectively. - Users often face a **steep learning curve** with IBM OpenPages, making it challenging for new or infrequent users. #### What Are Recent G2 Reviews of IBM OpenPages? **"[Transforms Risk Management and Compliance](https://www.g2.com/survey_responses/ibm-openpages-review-12242779)"** **Rating:** 5.0/5.0 stars *— Charlotte W.* [Read full review](https://www.g2.com/survey_responses/ibm-openpages-review-12242779) --- **"[Automates Security Tasks, But Pricey](https://www.g2.com/survey_responses/ibm-openpages-review-12229480)"** **Rating:** 4.0/5.0 stars *— Madhav B.* [Read full review](https://www.g2.com/survey_responses/ibm-openpages-review-12229480) --- #### What Are G2 Users Discussing About IBM OpenPages? - [What is Watson discovery?](https://www.g2.com/discussions/what-is-watson-discovery) - [What is the best GRC tool?](https://www.g2.com/discussions/ibm-openpages-with-watson-what-is-the-best-grc-tool) - [What is IBM OpenPages?](https://www.g2.com/discussions/what-is-ibm-openpages) ### 4. [Workiva](https://www.g2.com/products/workiva-workiva/reviews) **Average Rating:** 4.5/5.0 **Total Reviews:** 2,128 **Product Description:** Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading regulatory, financial, and ESG reporting solutions to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Our cloud-based platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com. Follow Workiva on LinkedIn: www.linkedin.com/company/workiva Like Workiva on Facebook: www.facebook.com/workiva ### What Do G2 Reviewers Say About Workiva? *AI-generated summary from verified user reviews* **Pros:** - Users appreciate the **ease of use** of Workiva, finding it intuitive and efficient for managing information. - Users enjoy the **efficient collaboration** features of Workiva, enhancing teamwork and streamlining the reporting process. - Users appreciate the **real-time collaboration** features in Workiva, enhancing efficiency and teamwork in reporting tasks. - Users appreciate the **user-friendly features** of Workiva, especially for streamlining financial reporting and enhancing efficiency. - Users value Workiva's **enhanced efficiency** , making risk assessments and document approvals significantly smoother and more manageable. **Cons:** - Users find the **missing features** of Workiva limit functionality and integration, affecting efficiency and reporting capabilities. - Users find the **limited functionality** of Workiva, especially in basic editing and features, can hinder efficiency. - Users find that a **steep learning curve** is necessary to effectively navigate and utilize Workiva's features. - Users find the **learning difficulty** of Workiva challenging, requiring time to grasp its modules and navigate the platform. - Users find the **limitations in office integration** and missing features like pivot tables frustrating compared to Excel. #### Key Features - Consolidation - Investment - Audit - Risk Classification - Reporting #### What Are Recent G2 Reviews of Workiva? **"[Streamlined Reporting with Room for Improvement](https://www.g2.com/survey_responses/workiva-review-4678942)"** **Rating:** 4.0/5.0 stars *— Chad B.* [Read full review](https://www.g2.com/survey_responses/workiva-review-4678942) --- **"[Streamlined Reporting with Excel Integration](https://www.g2.com/survey_responses/workiva-review-12603376)"** **Rating:** 4.5/5.0 stars *— Michelle L.* [Read full review](https://www.g2.com/survey_responses/workiva-review-12603376) --- ### 5. [LogicGate Risk Cloud](https://www.g2.com/products/logicgate-risk-cloud/reviews) **Average Rating:** 4.6/5.0 **Total Reviews:** 188 **Product Description:** LogicGate is the Leading AI GRC Platform for the Enterprise, providing the flexibility, scalability, and intuitive automations that empower leaders to be more effective. The Risk Cloud platform offers a holistic view of enterprise-wide risk, combining AI-driven workflows, real-time insights, and seamless integrations to deliver actionable intelligence. With over 40 purpose-built applications, the no-code platform adapts to any environment and remains easy to use across the enterprise. LogicGate helps risk teams quantify their impact, align with business priorities, and move beyond compliance, supporting sustainable growth, improved operational efficiency, and a dynamic, predictive approach to risk and resilience. ### What Do G2 Reviewers Say About LogicGate Risk Cloud? *AI-generated summary from verified user reviews* **Pros:** - Users appreciate the **ease of use** of LogicGate Risk Cloud, finding it flexible and user-friendly for all applications. - Users value the **customizability** of LogicGate Risk Cloud, allowing tailored solutions that fit their organization’s needs seamlessly. - Users admire the **flexibility and customization** of LogicGate Risk Cloud, enabling tailored solutions for diverse business needs. - Users value the **highly customizable platform** of LogicGate Risk Cloud, which adapts seamlessly to diverse business needs. - Users appreciate the **intuitive interface** of LogicGate Risk Cloud, which simplifies application creation tailored to their needs. **Cons:** - Users find that **improvement is needed** in workflow customization and overall user interface for better productivity. - Users face a challenging **learning curve** during the initial setup of LogicGate Risk Cloud with little prior experience. - Users find the **missing features** like advanced reporting and effective collaboration hinder their overall experience with LogicGate Risk Cloud. - Users find the **initial setup** challenging, especially without prior GRC experience, risking overcomplication in configurations. - Users find **inadequate reporting** frustrating, citing time-consuming customization and a lack of detailed history logs. #### Key Features - Process Design - Permissions for Sharing - Process Analysis - TIcket Accuracy - Risk Identification #### What Are Recent G2 Reviews of LogicGate Risk Cloud? **"[Streamlined GRC Tool with Excellent Training Resources](https://www.g2.com/survey_responses/logicgate-risk-cloud-review-12799613)"** **Rating:** 5.0/5.0 stars *— Samantha Z.* [Read full review](https://www.g2.com/survey_responses/logicgate-risk-cloud-review-12799613) --- **"[Streamlined GRC Management with Customization Challenges](https://www.g2.com/survey_responses/logicgate-risk-cloud-review-12244168)"** **Rating:** 4.5/5.0 stars *— Rajesh S.* [Read full review](https://www.g2.com/survey_responses/logicgate-risk-cloud-review-12244168) --- #### What Are G2 Users Discussing About LogicGate Risk Cloud? - [What is LogicGate Risk Cloud used for?](https://www.g2.com/discussions/what-is-logicgate-risk-cloud-used-for) ### 6. [Essential ERM](https://www.g2.com/products/essential-erm/reviews) **Average Rating:** 4.8/5.0 **Total Reviews:** 41 **Product Description:** Essential ERM® is an easy and cost-effective web-based risk management tool used by organizations in over 20 sectors and 70 countries. It can be activated, configured and used productively in minutes. You access it through a web browser, and there is nothing for your IT team to install or support. Risk management experience is not required, as the tool guides business users through the risk identification and management process. The tool distributes work among your management team and aggregates input to generate reports automatically. Essential ERM® is easy and intuitive for both users and system administrators. The system follows a practical approach to risk management – providing powerful features and aligning with COSO and ISO risk frameworks, while limiting and/or masking complexity for system users. The system provides dynamic reporting and the ability export data to Excel and other reporting tools. ### What Do G2 Reviewers Say About Essential ERM? *AI-generated summary from verified user reviews* **Pros:** - Users praise the **outstanding customer support** of Essential ERM, quickly resolving issues and enhancing the user experience. - Users appreciate the **user-friendly interface** of Essential ERM, facilitating easy navigation for both beginners and experts. - Users value the **intuitive interface and strong support** of Essential ERM, making risk management efficient and effective. - Users value the **user-friendly interface and comprehensive features** of Essential ERM for effective risk management. - Users find Essential ERM to be a **must-have tool** for risk managers, enhancing risk visibility and usability. **Cons:** - Users feel that Essential ERM needs to improve with a **dedicated dashboard for action plans** , enhancing overall usability. - Users face **document management issues** due to lack of direct file upload support, relying on Microsoft Sharepoint as a workaround. - Users find **inadequate risk management** due to limited granularity in rating control effectiveness, affecting their evaluations. - Users find **limited features** in Essential ERM, particularly lacking granularity in rating control effectiveness. - Users find the **limited functionality** of Essential ERM restricts detailed control effectiveness ratings. #### What Are Recent G2 Reviews of Essential ERM? **"[Effortless Risk Management with Room for Customization](https://www.g2.com/survey_responses/essential-erm-review-12747860)"** **Rating:** 4.0/5.0 stars *— Lita C.* [Read full review](https://www.g2.com/survey_responses/essential-erm-review-12747860) --- **"[Essential ERM: Intuitive, Interconnected Risk Management Made Easy](https://www.g2.com/survey_responses/essential-erm-review-12531142)"** **Rating:** 5.0/5.0 stars *— Verified User in Consumer Goods* [Read full review](https://www.g2.com/survey_responses/essential-erm-review-12531142) --- #### What Are G2 Users Discussing About Essential ERM? - [What are the components of ERM?](https://www.g2.com/discussions/what-are-the-components-of-erm) - [What does ERM software do?](https://www.g2.com/discussions/essential-erm-what-does-erm-software-do) - 1 comment - [What is essential ERM?](https://www.g2.com/discussions/what-is-essential-erm) ### 7. [Hyperproof](https://www.g2.com/products/hyperproof/reviews) **Average Rating:** 4.5/5.0 **Total Reviews:** 215 **Product Description:** Hyperproof is a modern, AI-powered GRC platform that empowers IT, security, and compliance teams to manage controls at scale, integrate their risk operations, and build trust with customers. With Hyperproof, you can scale compliance across your business, automate many controls and orchestrate the rest, connect controls to risks to protect your business, and unlock new business by automating security questionnaires and trust management. Leading organizations like Reddit, Fortinet, Appian, Outreach, and Thales trust Hyperproof. ### What Do G2 Reviewers Say About Hyperproof? *AI-generated summary from verified user reviews* **Pros:** - Users value the **user-friendly experience** of Hyperproof, simplifying communication and evidence tracking for audits. - Users appreciate the **seamless integration and user-friendly interface** of HyperProof, streamlining compliance management effortlessly. - Users appreciate the **user-friendly interface and seamless integrations** of Hyperproof, enhancing their compliance workflow and efficiency. - Users commend Hyperproof for its **seamless automation** , significantly streamlining compliance tasks and enhancing overall efficiency. - Users appreciate the **centralized GRC** of Hyperproof, enhancing audit efficiency and seamless integration into daily workflows. **Cons:** - Users find the **learning curve steep** with Hyperproof, as advanced features require extra time and familiarity to master. - Users note a **steeper learning curve** in Hyperproof due to complex features and occasional navigation issues. - Users express frustration over the **limited customization** options in Hyperproof, impacting their efficiency and reporting abilities. - Users find Hyperproof **not intuitive** , struggling with unclear navigation and communication features that hinder usability. - Users find that **improvement is needed** in Hyperproof's interface, learning curve, and reporting functionalities for better efficiency. #### What Are Recent G2 Reviews of Hyperproof? **"[Hyperproof Keeps Us Audit-Ready with Real-Time Visibility and Automation](https://www.g2.com/survey_responses/hyperproof-review-12770337)"** **Rating:** 5.0/5.0 stars *— Verified User in Consulting* [Read full review](https://www.g2.com/survey_responses/hyperproof-review-12770337) --- **"[Streamlined GRC Management with Stellar Support](https://www.g2.com/survey_responses/hyperproof-review-10509956)"** **Rating:** 4.5/5.0 stars *— Verified User in Accounting* [Read full review](https://www.g2.com/survey_responses/hyperproof-review-10509956) --- #### What Are G2 Users Discussing About Hyperproof? - [What is Hyperproof used for?](https://www.g2.com/discussions/what-is-hyperproof-used-for) - 1 comment ### 8. [Diligent One Platform](https://www.g2.com/products/diligent-one-platform/reviews) **Average Rating:** 4.3/5.0 **Total Reviews:** 141 **Product Description:** Diligent One Platform (formerly HighBond) revolutionizes the way boards, committees, and executives navigate risk. Consolidate all your solutions on the broadest platform for GRC applications designed to deliver comprehensive insights into a single view of risk and associated controls. Helping free you from the unnecessary costs and frustrations of point solutions. The Diligent One Platform is built to deliver risk insights in a clear and consistent format. Control what information is presented to the board with a comprehensive and ever-expanding set of pre-built and customizable templates and dashboards. ### What Do G2 Reviewers Say About Diligent One Platform? *AI-generated summary from verified user reviews* **Pros:** - Users find the **ease of use** in Diligent One Platform enhances organization and preparation for audits significantly. - Users value Diligent One Platform for its **effective compliance management** , enhancing audit preparedness and organization for teams. - Users value the **easy risk management** of Diligent One Platform, simplifying audits and compliance tasks effectively. - Users find the **audit management features** of Diligent One invaluable for organization and risk control preparation. - Users value the **comprehensive modules and easy interface** of Diligent One Platform, enhancing risk management efficiency. **Cons:** - Users note the **limited features** of Diligent One Platform, which can restrict customization and basic functionality. - Users often face **limited functionality** in Diligent's modules, leading to confusion and a complex user experience. - Users note the **missing features** in Diligent One Platform, limiting customization and functionality in certain modules. - Users find the **interface cumbersome** at first, with inflexible modules causing confusion and limiting functionality. - Users note that significant **improvement is needed** in Diligent One Platform's usability and onboarding process for beginners. #### What Are Recent G2 Reviews of Diligent One Platform? **"[Comprehensive Governance Tool with Great UI, But Needs More Flexibility](https://www.g2.com/survey_responses/diligent-one-platform-review-11838823)"** **Rating:** 4.5/5.0 stars *— Ifeoma E.* [Read full review](https://www.g2.com/survey_responses/diligent-one-platform-review-11838823) --- **"[Streamlines Auditing with Powerful Automation](https://www.g2.com/survey_responses/diligent-one-platform-review-12676740)"** **Rating:** 5.0/5.0 stars *— Christopher C.* [Read full review](https://www.g2.com/survey_responses/diligent-one-platform-review-12676740) --- #### What Are G2 Users Discussing About Diligent One Platform? - [What is Diligent HighBond used for?](https://www.g2.com/discussions/what-is-diligent-highbond-used-for) ## What Is Enterprise Risk Management (ERM) Software? [Governance, Risk & Compliance Software](https://www.g2.com/categories/governance-risk-compliance) ## What Software Categories Are Similar to Enterprise Risk Management (ERM) Software? - [Audit Management Software](https://www.g2.com/categories/audit-management) - [Regulatory Change Management Software](https://www.g2.com/categories/regulatory-change-management) - [IT Risk Management Software](https://www.g2.com/categories/it-risk-management) - [Business Continuity Management Software](https://www.g2.com/categories/business-continuity-management-software) - [Operational Risk Management Software](https://www.g2.com/categories/operational-risk-management) - [Policy Management Software](https://www.g2.com/categories/policy-management) - [Security Compliance Software](https://www.g2.com/categories/security-compliance) --- ## How Do You Choose the Right Enterprise Risk Management (ERM) Software? ### What You Should Know About GRC Platforms ### What are GRC Platforms? Governance, risk management, and compliance (GRC) platforms aim to provide all or most of the features required to manage various types of risk and compliance that may impact the operations of a company. This type of software is used across multiple departments, from HR and accounting to IT and logistics. Each department faces specific risks, such as privacy and security for IT, supplier risk for logistics, or financial fraud for accounting. To address these challenges, companies need to stay up to date with all related laws and regulations enforced by local, national, and international authorities. A more proactive way to deal with risk is to implement industry standards and internal policies that regulate business operations and aim to prevent problems before they happen. To implement and monitor regulations, standards, and policies, companies require a single data repository for compliance information and an integrated system to define workflows and audits at the company level. **Key Benefits of GRC Platforms** - Reduces costs of noncompliance, which are direct (such as fines or penalties) or indirect (lost revenue) - Enforces regulations and internal policies to mitigate risks and limit their negative impact on the company - Improves alignment across the company as well as externally, to ensure that employees and business partners comply with regulations and policies - Keeps compliance data up to date which is particularly difficult for global companies that need to comply with changing national and international regulations ### Why Use GRC Platforms? Companies may choose between using separate systems for various types of risk and compliance or adopting GRC platforms to centralize compliance management. **Compliance with laws, standards, and internal policies —** Depending on their industry and type of activity, companies may need to comply with all kinds of laws and industry standards. Additionally, companies may define their own rules that are implemented and enforced internally or across their partner networks. To manage all the information about regulations, standards, and policies as well as the procedures to ensure compliance, companies need a single data repository and an integrated system. **Risk mitigation —** To deal with risks, companies need to know what challenges they may be facing and how to address them. Identifying risks and their potential impact on the company help businesses prepare in advance and avoid major disruptions. **Brand protection —** Compliance isn’t only about following regulations. Compliance violations such as data breaches also impact the reputation of the business. Customers and partners avoid buying from or working with companies that are repeatedly breaking the law or failing to comply with industry standards. ### Who Uses GRC Platforms? All employees benefit directly or indirectly from using GRC platforms. While this type of software is used mostly internally, partners may also use it to access compliance information and submit audit results. **Compliance officers —** Compliance officers and managers are responsible for defining and implementing processes and workflows that ensure compliance with any regulations related to the operations of the company. They also monitor enforcement and identify opportunities for improvement to prevent noncompliance and mitigate risk. **Department managers —** Each department needs to comply with different regulations and managers need to be aware of which laws and standards apply to their team. **Executives —** Executives use GRC platforms to define internal policies, find regulatory information related to their department, and monitor the enforcement of laws and policies. ### Kinds of GRC Platforms **GRC suites —** GRC suites are made of multiple software products that are used in various combinations. Each of them usually specialize in one or a few of the main GRC features, such as policy management, regulatory change management, compliance learning, or risk management. Companies using GRC suites may choose to implement all or only some of the components mentioned above, with the option to scale up (add new components) or scale down (remove components). The main benefit of GRC suites is that they provide better integration between the components of the suite and are developed and supported by the same vendor. **Best-of-breed GRC software —** This type of software provides multiple modules for GRC that are delivered as part of a single product and cannot be sold and used separately. Best-of-breed GRC software is highly beneficial to mid-market companies that don’t need advanced features to manage risk and compliance. ### GRC Platforms Features GRC platforms include most or all of the features described below, either as modules of a single integrated system or as separate products that are part of a suite. **Regulatory change management —** Regulatory information changes constantly and companies need to ensure that they comply with the most recent changes. GRC platforms gather compliance data from multiple sources and provide users with the latest updates that may impact their work. **Policy management —** Companies use internal policies to define and implement their own rules that are not covered by laws and regulations. A few examples are social media policies and procedures to deal with inappropriate behavior in the workplace. **Risk management —** Noncompliance is only one of the many risks that businesses have to deal with. Other important risks are business disruptions caused by unforeseen events such as natural phenomena, pandemics, or economic downturns. While risks cannot be completely avoided, companies should prepare by defining contingency plans and procedures to react quickly. **Audit management —** Companies need to review the procedures and workflows they put in place to ensure compliance. Audits are generally performed regularly (monthly or yearly) to monitor how internal policies and regulations are enforced across the company. Also, audits are conducted when the business is impacted by exceptional situations such as mergers and acquisitions or major market changes. **Risk and compliance reporting —** Reporting and analytics are critical to monitor compliance and identify risks. In some cases such as highly regulated industries, dashboards providing real-time information are essential to help companies react quickly. Compliance data also helps businesses identify opportunities for improvement of workflows and procedures. **Third-party and supplier risk management —** Companies working with suppliers and contractors need to protect themselves from any risky or illegal activities performed by their partners. A few examples are privacy breaches or money laundering which may not directly impact the company but may damage its brand. Other Features of GRC Platforms: [Crisis management](https://www.g2.com/categories/grc-platforms/f/crisis-management), [Learning](https://www.g2.com/categories/grc-platforms/f/learning), [Recovery plans](https://www.g2.com/categories/grc-platforms/f/recovery-plans), [Regulatory certifications](https://www.g2.com/categories/grc-platforms/f/regulatory-certifications), [Risk methodology](https://www.g2.com/categories/grc-platforms/f/risk-methodology) ### Trends Related to GRC Platforms **Globalization —** As businesses become more global, companies are facing new challenges, the most important being keeping up to date with regulations from multiple geographical locations. Compliance information constantly changes and companies need to ensure they have the latest details so they are able to adapt quickly. Working with partners and contractors is also challenging from a compliance perspective. While third-party companies like vendors and suppliers are responsible for noncompliance, the companies they work with may also be impacted. For instance, a software reseller that exposes client data will hurt the brand of the software vendor. **Specialization —** As compliance becomes increasingly difficult to manage, some vendors choose to focus exclusively on one or a few types of regulations. For example, many vendors focus on IT and security compliance, which is beneficial for companies dealing with this type of risk. The drawback of specialization is that buyers with complex needs may need to buy and use separate software products from different vendors. There are also point solutions that only cover very specific compliance, such as general data protection regulation (GDPR) or anti-money laundering. ### Potential Issues with GRC Platforms **Complexity —** As vendors try to cover multiple types of compliance, they either acquire and develop new tools that aren’t always fully integrated with their core offering. Even when all functionality is delivered on the same platform, the multitude of modules and their features make GRC platforms difficult to use. **Price —** Complicated software is also expensive to buy and maintain. GRC suites are expensive when companies use most or all of their components. While best-of-breed GRC software is more affordable, companies adopting it overspend because they are obligated to purchase the whole software rather than only investing in he features that they need. Also, since GRC platforms aren’t always delivered in the cloud, companies may need to invest in IT infrastructure and personnel to host and maintain the software. ### Software and Services Related to GRC Platforms Since GRC software is useful to any department of a company, it needs to integrate with other business software. Some of the most common integrations are listed below. [**Environmental, quality and safety management**](https://www.g2.com/categories/environmental-quality-and-safety-management) **—** Some vendors provide suites that combine GRC and EQHS but these are the exception to the rule. All other GRC platforms usually integrate with quality management software (QMS) and environmental health and safety (EHS) software to streamline compliance in industries like retail and manufacturing. [**Security**](https://www.g2.com/categories/security) **and** [**data privacy**](https://www.g2.com/categories/data-privacy) **—** While GRC platforms usually include modules or features for IT risk management, advanced requirements for security and privacy aren’t always covered. It is therefore important to integrate GRC platforms with software for application and network security as well as data privacy management. [**Training eLearning software**](https://www.g2.com/categories/training-elearning) **—** GRC software often includes training materials for compliance purposes but does not always provide features to create new learning content. As such, most GRC platforms integrate with LMS and course authoring software. [**Corporate social responsibility (CSR) software**](https://www.g2.com/categories/corporate-social-responsibility-csr) **—** While CSR can be defined and implemented separately from compliance and internal policies, it is often part of the GRC strategy of a company. Since CSR is self regulating rather than enforced by law, companies adopting it need to define internal policies to implement it. ### What is the best enterprise risk management platform for startups? Based on expert G2 reviews, these are some of the best [Enterprise Risk Management platforms for startups](https://www.g2.com/categories/enterprise-risk-management-erm/small-business): - [IMB OpenPages](https://www.g2.com/products/ibm-openpages/reviews) - [AuditBoard](https://www.g2.com/products/auditboard/reviews) - [Sprinto](https://www.g2.com/products/sprinto-inc/reviews) - [Workiva](https://www.g2.com/products/workiva-workiva/reviews) - [LogicManager](https://www.g2.com/products/logicmanager/reviews) These ERM platforms offer a balance of affordability, ease of use, and features that can support growth strategies at any scale. ### Which ERM software is best for financial services? Selecting the best ERM software for financial services depends on your business size, specific needs, and features that you want to achieve your goals. Here are some of G2's top contenders, each excelling in different areas: - [LogicGate Risk Cloud](https://www.g2.com/products/logicgate-risk-cloud/reviews): is a flexible ERM software with customizable workflows and advanced risk quantification. Ideal for financial organizations seeking automation and scalability - [Scrut Automation](https://www.g2.com/products/scrut-automation/reviews): is a leanding compliance automation platform designed for fast-growing businesses looking to streamline security, risk and compliance without disrupting operations. - [Camms GRC](https://www.g2.com/products/camms-grc/reviews): offers strong ERM solutions, with Quantivate specifically tailored for banks and Camms known for ease of use and strong GRC capabilities - [MetricStream](https://www.g2.com/products/metricstream-enterprise-risk-management/reviews): leverages AI for predictive risk analytics and scenario modeling, with deep support for industry-specific compliance and ideal for large enteprises with complex risk profiles.