Top 10 Formalize Alternatives & Competitors

Top 10 Alternatives to Formalize Recently Reviewed By G2 Community

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Todyl Security Platform
By Todyl
4.6/5
(95)
Product Description
The Todyl Security Platform spans prevention, detection, and response by unifying SASE, Endpoint Security (EDR + NGAV), SIEM, MXDR, and GRC in a cloud-first platform. Todyl streamlines operations, simplifies architectures, and empowers your team to deliver highly effective security while simplifying compliance management.
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Reviewers say compared to Formalize, Todyl Security Platform is:
Slower to reach roi
More expensive
Categories in common with Formalize:
GRC Tools

SAS Risk Management
By SAS Institute Inc.
4.3/5
(89)
Product Description
SAS Risk Management is a comprehensive solution designed to help financial institutions and enterprises effectively identify, assess, and manage various types of risks, including credit, market, and operational risks. By leveraging advanced analytics and machine learning, it enables organizations to anticipate potential risks, conduct dynamic stress testing, and ensure regulatory compliance, thereby enhancing decision-making processes and overall risk mitigation strategies. Key Features and Functionality: - Advanced Predictive Analytics: Utilizes sophisticated algorithms and machine learning models to forecast potential risks, allowing for proactive risk management. - Comprehensive Risk Assessment: Offers tools to evaluate multiple risk factors across different levels, integrating both internal and external data sources for precise assessments. - Dynamic Stress Testing: Simulates various stress scenarios to test financial systems against extreme market conditions, aiding in strategic planning and preparedness. - Integrated Reporting and Compliance: Automates reporting processes, maintains comprehensive audit trails, and ensures adherence to current regulatory standards. Primary Value and Problem Solved: SAS Risk Management addresses the critical need for organizations to manage financial risks effectively. By providing a unified platform that combines predictive analytics, risk assessment, stress testing, and compliance reporting, it empowers businesses to make informed decisions, reduce potential losses, and maintain regulatory compliance. This holistic approach not only enhances operational efficiency but also strengthens the organization's ability to navigate complex and evolving risk landscapes.
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Reviewers say compared to Formalize, SAS Risk Management is:
Slower to reach roi
More expensive
Categories in common with Formalize:
GRC Tools

MyComplianceOffice
By MyComplianceOffice
4.2/5
(59)
Product Description
MyComplianceOffice is a powerful software solution that automates compliance program activities and demonstrates an organization’s culture of compliance.
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Reviewers say compared to Formalize, MyComplianceOffice is:
Slower to reach roi
More expensive
Categories in common with Formalize:
GRC Tools
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Quartex Governance, Risk and Compliance
By Quartex
4.3/5
(41)
Product Description
Quartex InForm is a stakeholder compliance management software designed to simplify obligation and communication management to ensure compliance and stakeholder satisfaction.
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Reviewers say compared to Formalize, Quartex Governance, Risk and Compliance is:
Slower to reach roi
More expensive
Categories in common with Formalize:
GRC Tools

Complyance
By Complyance
4.9/5
(40)
Product Description
Complyance is a unified Enterprise GRC platform that is focused on bringing responsible AI & effective automation to Enterprise Compliance, Risk, and Security efforts. High level, Complyance is using modern technology to give you more control and visibility over your risk, while reducing the time your team spends on manual tasks. Complyance supports teams across GRC workflows, and can be used as a full platform or as modules sitting next to existing tech. Common use cases include: - Controls and Audits Centralization: Manage off-the-shelf standards or custom compliance programs in-platform, with automated evidence generation through integrations, which is then reviewed by AI to flag non-compliance. - Risk Management: Centralize and manage risks in one place with AI to help draft remediation plans for risks, automated tracking and alerts, risk scoring, and configurable reporting and dashboards. - Third Party Risk Management: Manage suppliers and third-party vendors with a centralized register, automated questionnaires for third party diligence and ongoing monitoring, and AI review of supplier responses to flag any gaps or risks. - Policy Center: Support end-to-end policy workflows from creation and editing, to approval, and getting acknowledgement from employees.
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Reviewers say compared to Formalize, Complyance is:
Slower to reach roi
More usable
More expensive
Categories in common with Formalize:
GRC Tools

Microsoft Purview Audit
By Microsoft
4.3/5
(34)
Product Description
Secure your environment with multicloud identity and access management
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Reviewers say compared to Formalize, Microsoft Purview Audit is:
More expensive
Categories in common with Formalize:
GRC Tools

SAP Document and Reporting Compliance
By SAP
4.1/5
(27)
Product Description
SAP Document and Reporting Compliance helps ensure consistency between real-time document submissions and statutory reports, so you can transition to continuous transaction controls and adopt legal mandates. Secure, automated integration with public agencies and business partners Automated e-documents with real-time monitoring and corrections Complete reporting, up to automated submission, with data-driven insights Simplified extension and creation of scenarios and reports
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Reviewers say compared to Formalize, SAP Document and Reporting Compliance is:
More expensive
Categories in common with Formalize:
GRC Tools

Impero
By Impero A/S
4.7/5
(24)
Product Description
Helps you implement a proactive compliance culture where the time-consuming task of internal control is simplified. Gathers all of your documentation in one place and provide you with a shared frame of reference in relation to risk, control and compliance.
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Reviewers say compared to Formalize, Impero is:
Slower to reach roi
More expensive
More usable
Categories in common with Formalize:
GRC Tools

Netwrix Platform Governance (formerly Strongpoint)
By Strongpoint, now part of Netwrix
4.4/5
(23)
Product Description
Strongpoint is designed to be a safe, fast and compliant way to do documentation, change management and compliance for NetSuite and Salesforce systems.
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Reviewers say compared to Formalize, Netwrix Platform Governance (formerly Strongpoint) is:
Slower to reach roi
More expensive
Categories in common with Formalize:
GRC Tools

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