# 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:** 89 ### Category Stats (Jun 2026) - **Average Rating**: 4.5/5 (↑0.02 vs May 2026) The average rating of products in this category, based on all submitted ratings - **New Reviews This Quarter**: 102 - **Buyer Segments**: Enterprise 46% │ Mid-Market 28% │ Small-Business 25% Represents the distribution of reviewers across all products in this category. - **Top Trending Product**: SimpleRisk (+0.042) - Among all products in this category, SimpleRisk recorded the largest rating increase compared to last month *Last updated: June 01, 2026* ## How Does G2 Rank Enterprise Risk Management (ERM) Software Products? **Why You Can Trust G2's Software Rankings:** - 30 Analysts and Data Experts - 8,300+ Authentic Reviews - 89+ 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 (1,586 reviews) | Workflow-contextual compliance tool discovery | "[Easy-to-Use Interface That Makes Work Management Visible and Efficient](https://www.g2.com/survey_responses/optro-review-12943072)" | | 2 | [Workiva](https://www.g2.com/products/workiva-workiva/reviews) | 4.5/5.0 (2,129 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 (1,636 reviews) | Automated control monitoring with continuous evidence collection | "[Fast path to SOC 2 Type 1 — great platform, outstanding support](https://www.g2.com/survey_responses/sprinto-review-12885389)" | | 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 (189 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 (216 reviews) | Cross-framework risk-to-control evidence mapping | "[Streamlined Compliance Management with Centralized Audits, Evidence, and Automation](https://www.g2.com/survey_responses/hyperproof-review-12882951)" | | 8 | [GlobalSuite](https://www.g2.com/products/globalsuite/reviews) | 4.5/5.0 (92 reviews) | — | "[GlobalSuite Solutions: All-in-One GRC with Flexible Frameworks and Strong Automation](https://www.g2.com/survey_responses/globalsuite-review-12712553)" | | 9 | [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)" | | 10 | [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)" | ## 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) --- **Sponsored** ### SimpleRisk SimpleRisk is an Integrated Risk Management (IRM) and Governance, Risk, and Compliance (GRC) platform built for organizations that need enterprise-class capabilities without enterprise-class price tags or implementation timelines. Founded by security practitioners and rooted in open source, SimpleRisk gives risk, compliance, and security teams a single system of record for managing the full lifecycle of risks, controls, policies, vendors, audits, and incidents; with the flexibility to adapt to how your program actually operates. What SimpleRisk Helps You Do Identify, assess, prioritize, and track risks from initial discovery through mitigation and closure. Map controls to industry frameworks and continuously demonstrate compliance. Centralize policies with version control, approval workflows, and user attestations. Manage third-party risk through structured vendor assessments. Document and respond to incidents. Plan, execute, and report on audits. Bring your asset inventory, documents, and evidence into one place so audit prep stops being a fire drill. Core Capabilities \* Risk Management: Configurable risk register with multiple scoring methodologies (Classic, CVSS, DREAD, and more), customizable risk fields, mitigation tracking, residual risk calculation, and full risk lifecycle workflows. \* Compliance & Audit Management: Map controls to common frameworks, run control tests, manage findings, and centralize audit evidence in one place. \* Policy Management: Author, review, approve, publish, and track attestations on policies and procedures with full version history. \* Vendor / Third-Party Risk Management: Send and score vendor questionnaires, track vendor risk over time, and tie vendor risk into your enterprise risk register. \* Incident Management: Capture, classify, and respond to security and operational incidents with structured workflows and reporting. \* Asset Management: Maintain an asset inventory tied to risks, controls, and vendors so you can see exposure in context. \* Document Management: Centralize and version-control supporting documentation, evidence, and artifacts. \* Reporting & Dashboards: Out-of-the-box reports plus custom views to communicate risk posture to executives, auditors, and the board. \* Customization Without Code: Add custom fields and forms to fit your program without engaging a developer or a six-figure professional services engagement. Frameworks and Standards SimpleRisk supports the frameworks that mid-market and regulated organizations actually use, including ISO 27001/27002, SOC 1 and SOC 2, NIST Cybersecurity Framework, NIST 800-53, NIST 800-171, HIPAA, PCI DSS, GDPR, CCPA, CMMC, and the CIS Controls, plus the ability to import or build your own custom control sets. Integrations SimpleRisk integrates with leading vulnerability scanners (including Tenable, Rapid7 and Qualys), single sign-on via SAML, LDAP/Active Directory for user provisioning, and exposes a REST API for connecting to ticketing systems, SIEM, and the rest of your security and IT stack. Deployment Options \* SimpleRisk Core (Free & Open Source): A fully functional risk management platform under an open source license. Self-host on your own infrastructure with no vendor lock-in. \* SimpleRisk On-Premise (Commercial): Self-hosted with the full Enterprise Extras (custom fields, advanced reporting, compliance management, vendor management, and more) plus commercial support. \* SimpleRisk Hosted (SaaS): Fully managed cloud deployment with the same capabilities as On-Premise, available in US and EU regions. Who SimpleRisk Is For SimpleRisk is built for mid-market and growth-stage organizations that have outgrown spreadsheets but find platforms like RSA Archer, ServiceNow GRC, MetricStream, and OneTrust over-engineered, over-priced, or too slow to deploy. Common use cases include: \* Building a defensible risk management program from scratch \* Preparing for SOC 2, ISO 27001, or HIPAA audits \* Centralizing vendor risk across procurement and security \* Replacing risk and compliance spreadsheets with a single system of record \* Demonstrating cyber risk posture to leadership, customers, and regulators Why Customers Choose SimpleRisk \* Affordable and transparent pricing: Clear tiers, no surprise add-ons, and a free open source option. \* Fast time to value: Most customers are up and running in days, not months. \* Open source heritage: Inspect the code, extend the platform, and avoid black-box vendor lock-in. \* Practitioner-built: Designed by security professionals who actually run risk programs. \* Responsive support: Direct access to engineers and risk practitioners, not Tier 1 ticket triage. Whether you're starting your first formal risk program or replacing legacy GRC tooling that no longer fits, SimpleRisk gives you the structure of enterprise GRC with the agility your team actually needs. Try SimpleRisk Core for free, or contact us to see the full platform in action. [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=1218481&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=92f71456e08e0d5e260659e50f19eb80819a68ac40707af363777223cd8c0ea1&secure%5Burl%5D=https%3A%2F%2Fwww.simplerisk.com%2F&secure%5Burl_type%5D=company_website) --- ## 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:** 1,636 **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** , benefiting from a simple deployment and efficient compliance management process. - Users value the **exceptional customer support** at Sprinto, which includes proactive communication and knowledgeable assistance. - Users appreciate the **intuitive compliance automation** of Sprinto, enhancing visibility and efficiency in their compliance processes. - Users appreciate the **helpful team** at Sprinto, providing excellent support throughout the compliance process and ensuring ease of use. - Users commend Sprinto for its **proactive automation** , ensuring organizations remain audit-ready throughout the year with minimal disruption. **Cons:** - Users report **integration issues** with some tools, noting limited functionality and missing official integrations. - Users note the **limited integrations** with Sprinto, hindering workflow and making task delegation more challenging. - Users note the **limited customization** of Sprinto's workflows, making it hard to tailor for specific compliance needs. - Users face **unclear guidance** , making it difficult to navigate features and input information effectively. - Users experience occasional **software bugs** with Sprinto, causing minor glitches and syncing delays that disrupt workflow. #### What Are Recent G2 Reviews of Sprinto? **"[Fast path to SOC 2 Type 1 — great platform, outstanding support](https://www.g2.com/survey_responses/sprinto-review-12885389)"** **Rating:** 5.0/5.0 stars *— Ignacio B.* [Read full review](https://www.g2.com/survey_responses/sprinto-review-12885389) --- **"[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:** 1,586 **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 find Optro's **ease of use** enhances their experience, making audit functions simple and efficient. - Users value the **efficiencies** of Optro's audit management, enhancing their ease and accuracy in audit processes. - Users commend the **intuitive interface** of AuditBoard, enhancing their experience when configured properly. - Users love the **easy-to-use modules** of Optro, appreciating the seamless linkages and well-built design. - Users appreciate the **audit efficiency** of Optro, benefiting from seamless connections between workpapers and supporting evidence. **Cons:** - Users find Optro has **limited functionality** , lacking consistent access to analytics fields and project creation capabilities. - Users express frustration with the **improvement needed** for conducting risk assessments and lack of support materials in Optro. - Users find the **limited customization** of Optro challenging, especially in dashboard creation and managing roles. - Users find the **interface not intuitive** , leading to confusion and difficulty in adapting to new features. - Users express frustration over the **limited formatting options** in Optro, affecting documentation and organization of information. #### What Are Recent G2 Reviews of Optro? **"[Easy-to-Use Interface That Makes Work Management Visible and Efficient](https://www.g2.com/survey_responses/optro-review-12943072)"** **Rating:** 4.5/5.0 stars *— Vijaysing P.* [Read full review](https://www.g2.com/survey_responses/optro-review-12943072) --- **"[Overall a great user experience and easy to administer](https://www.g2.com/survey_responses/optro-review-9615543)"** **Rating:** 4.5/5.0 stars *— Verified User in Accounting* [Read full review](https://www.g2.com/survey_responses/optro-review-9615543) --- #### 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 appreciate the **scalability and customizations** of IBM OpenPages, enhancing risk management and compliance efforts. - Users value the **time-saving features** of IBM OpenPages, enhancing efficiency and streamlining workflows effectively. - Users value the **automation capabilities** of IBM OpenPages, enhancing efficiency in risk management and compliance processes. - Users find IBM OpenPages to have a **user-friendly interface** , making navigation and risk management straightforward and efficient. - Users value the **strong security features** of IBM OpenPages, ensuring protection against data breaches and managing risks effectively. **Cons:** - Users find the **complexity** of IBM OpenPages overwhelming, especially for new users and non-technical teams. - Users find the **high cost** of IBM OpenPages to be a significant drawback, affecting its overall accessibility. - Users note the **usability challenges** of IBM OpenPages, citing complexity and a steep learning curve as significant hurdles. - Users face a **steep learning curve** with IBM OpenPages, making it challenging for new users to adapt quickly. - Users note a **steep learning curve** with IBM OpenPages, making it difficult for new users to navigate effectively. #### 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:** 2,129 **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 find Workiva's interface **easy and intuitive** , making information management and updates straightforward and efficient. - Users value the **collaboration features** of Workiva, enabling efficient teamwork and real-time updates on documents. - Users appreciate the **intuitive linking tool** , which streamlines financial reporting and saves significant time in updates. - Users appreciate the **ease of team collaboration** in Workiva, enhancing efficiency and simplifying report management. - Users appreciate the **integrated reporting** features of Workiva, enhancing efficiency in compliance and decision-making. **Cons:** - Users find the **missing features** of Workiva hinder their efficiency, particularly in reporting and integration capabilities. - Users feel the **learning curve is steep** , requiring significant time and experience to use Workiva effectively. - Users find the **learning difficulty** of Workiva challenging, particularly for those less familiar with technology. - Users find Workiva has **limited functionality** , particularly lacking in features like pivot tables and intuitive workflow management. - Users find **limitations in functionality** compared to Excel and Word, needing better Office integration and advanced features. #### 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:** 189 **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, boosting their confidence and streamlining their workflow processes. - Users value the **customizability** of LogicGate Risk Cloud, enabling tailored solutions without lengthy processes or meetings. - Users value the **customizable frameworks** of LogicGate Risk Cloud, enabling efficient transitions to digital processes. - Users value the **customization options** in LogicGate Risk Cloud, allowing tailored solutions for their specific organizational needs. - Users enjoy the **intuitive design** of LogicGate Risk Cloud, noting its ease of use and visual appeal. **Cons:** - Users find the **history log lacking detail** and highlight the need for GUI and report improvements. - The **learning difficulty** of LogicGate Risk Cloud can be challenging for new users without prior GRC experience. - Users express concerns about the **missing features** in LogicGate Risk Cloud, especially regarding dashboard limitations and log details. - Users find the **initial setup challenging** , particularly with workflows and configurations, hindering effective collaboration and engagement. - Users find the **reporting inadequate** , requiring additional configuration and lacking detail in change history. #### 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 **responsive customer support** of Essential ERM, ensuring seamless problem resolution and guidance. - Users find Essential ERM's **user-friendly interface** and quick setup essential for effective risk management. - Users commend Essential ERM for its **intuitive interface and comprehensive risk management capabilities** , enhancing their risk assessment processes. - Users appreciate the **user-friendly interface and robust functionalities** of Essential ERM, enhancing effective risk management easily. - Users find Essential ERM to be a **must-have tool** for risk managers, facilitating easy setup and management of risks. **Cons:** - Users find the **need for improved dashboards** for action plans in Essential ERM hampers effective tracking and visualization. - Users find the **document management issues** frustrating, as Essential ERM lacks support for file uploads, requiring workarounds. - Users find **inadequate risk management** in Essential ERM limits their ability to rate control effectiveness thoroughly. - Users find the **limited features** of Essential ERM restrict their ability to assess control effectiveness comprehensively. - Users find the **limited functionality** of Essential ERM restricts their ability to rate control effectiveness accurately. #### 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:** 216 **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 find Hyperproof to be exceptionally **user-friendly** , simplifying collaboration and enhancing efficiency in managing compliance. - Users appreciate the **seamless compliance management** features of HyperProof that enhance daily workflows and efficiency. - Users appreciate the **user-friendly interface and robust features** of Hyperproof, making compliance tasks more manageable and efficient. - Users value the **automation capabilities** of Hyperproof, significantly streamlining compliance tasks and reducing manual efforts. - Users value Hyperproof for its **centralized GRC and automation** that significantly enhances audit efficiency and readiness. **Cons:** - Users find the **learning curve steep** with Hyperproof, indicating that advanced features require extra time to master. - Users find the **learning difficulty** of Hyperproof challenging, as advanced features require time to understand and utilize effectively. - Users are frustrated with the **limited customization** options in Hyperproof, impacting their ability to effectively manage requests and reports. - Users find Hyperproof's interface **not intuitive** , making navigation and communication more challenging than expected. - Users find that **improvement is needed** in Hyperproof's interface, learning curve, and reporting flexibility for enhanced usability. #### What Are Recent G2 Reviews of Hyperproof? **"[Streamlined Compliance Management with Centralized Audits, Evidence, and Automation](https://www.g2.com/survey_responses/hyperproof-review-12882951)"** **Rating:** 4.5/5.0 stars *— Luciana S.* [Read full review](https://www.g2.com/survey_responses/hyperproof-review-12882951) --- **"[Streamlined Compliance with Room for Improvement](https://www.g2.com/survey_responses/hyperproof-review-11956461)"** **Rating:** 4.5/5.0 stars *— Pedro M.* [Read full review](https://www.g2.com/survey_responses/hyperproof-review-11956461) --- #### 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:** 142 **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 appreciate the **ease of use** of Diligent One Platform, streamlining governance, risk, and compliance management effortlessly. - Users value the **streamlined audit process** of Diligent One Platform, enhancing efficiency and oversight for teams. - Users value the **ease of compliance management** in Diligent One Platform, enhancing team efficiency and accountability. - Users value the **flexible project creation** and seamless integration capabilities of the Diligent One Platform. - Users value the **structured risk management** capabilities of Diligent One Platform, enhancing accountability and compliance efficiency. **Cons:** - Users find the **limited features** of Diligent One Platform can create confusion and reduce customization options. - Users find the **difficulty** in navigating Diligent One due to its inflexible modules and initial confusion for newcomers. - Users find the **steep learning curve** of Diligent One Platform challenging, making onboarding difficult for new subscribers. - Users find the **steep learning curve** of Diligent One Platform challenging, making onboarding a lengthy process for newcomers. - Users often face **limited functionality** with Diligent One Platform, impacting configurability and data access during network issues. #### 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) --- ## 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. --- ## What Are the Most Common Questions About Enterprise Risk Management (ERM) Software? *AI-generated · Last updated: June 3, 2026* ### Which ERM software is best for financial services Based on G2 reviews, these products stand out for financial services teams that need centralized risk visibility, controls, and compliance workflows. - [LogicManager](https://www.g2.com/products/logicmanager) — centralized ERM and issue tracking. - [ServiceNow Governance, Risk, and Compliance (GRC)](https://www.g2.com/products/servicenow-governance-risk-and-compliance-grc) — integrated risk registers and controls. - [Workiva](https://www.g2.com/products/workiva-workiva) — connected controls, risks, and testing. ### Top-rated ERM tools for medium-sized businesses Based on G2 reviews, these products are often described as easier to implement, simpler to manage, or practical for growing teams. - [Sprinto](https://www.g2.com/products/sprinto-inc) — automated compliance for lean teams. - [Workiva](https://www.g2.com/products/workiva-workiva) — centralized testing and reporting workflows. - [LogicManager](https://www.g2.com/products/logicmanager) — organized vendor and incident management. ### Leading ERM software solutions in the market Based on G2 reviews, buyers most often point to platforms that centralize risk data, connect controls and audits, and reduce spreadsheet-based work. - [Workiva](https://www.g2.com/products/workiva-workiva) — linked risks, controls, and requests. - [ServiceNow Governance, Risk, and Compliance (GRC)](https://www.g2.com/products/servicenow-governance-risk-and-compliance-grc) — enterprise-wide visibility and workflow automation. - [LogicManager](https://www.g2.com/products/logicmanager) — workflow-driven issue and vendor reviews. - [Onspring](https://www.g2.com/products/onspring) — customizable no-code risk workflows. ### What should buyers look for in enterprise risk management solutions According to verified users, strong enterprise risk management solutions help teams replace scattered spreadsheets with a central system for risks, controls, issues, and audit activity. Reviews repeatedly highlight the value of clear dashboards, configurable workflows, reminders, and evidence tracking that make follow-up easier across departments. Buyers also focus on how well a platform supports risk assessments, reporting, control mapping, and collaboration with audit, compliance, and business stakeholders. Ease of setup and usability matter too, since several reviewers mention learning curves, navigation complexity, or heavy configuration when tools are powerful but not simple to adopt. ### How do teams use ERM for risk assessments According to verified users, teams use ERM platforms to run risk assessments in a more structured and repeatable way. Common workflows include documenting risks in a central register, assigning owners, linking controls and mitigation actions, tracking deadlines, and reviewing status through dashboards or reports. Reviewers often describe moving away from spreadsheets and email threads so assessments are easier to update, compare, and share across business units. They also mention using ERM tools to connect assessments with audits, compliance tasks, incidents, or control testing, which helps teams see changes in risk posture and maintain clearer accountability over follow-up work.