Top Compliance Management Software to Streamline Your GRC Efforts

Staying on top of ever-evolving regulations and internal policies can feel like a juggling act. Without the right tools, compliance management can quickly become a time-consuming, resource-draining endeavor. Thankfully, a new breed of compliance management software is here to help. These platforms can automate tasks, centralize documentation, and provide a clearer view of your compliance posture, freeing up your team to focus on more strategic initiatives.

If you’re looking for ways to simplify and strengthen your compliance programs, you’ve come to the right place. We’ve rounded up some of the top compliance management software solutions that can help your organization navigate the complex world of GRC (Governance, Risk, and Compliance).

Here are our top picks:

1. Targhee Security

Targhee Security focuses on automating and streamlining a particularly challenging aspect of compliance: responding to security questionnaires and managing the secure sharing of compliance documentation. Their cloud-based SaaS platform is designed to significantly reduce the manual effort involved in these critical tasks.

• Key Features & Benefits:

  • AI-Powered Questionnaire Automation: Reduces security questionnaire completion time by up to 80% by leveraging artificial intelligence.

  • Centralized Trust Center: Provides a secure portal for streamlined security document sharing, which can decrease inbound compliance inquiries by approximately 50%.

  • Accelerated Sales Cycles: Faster security reviews and customer onboarding can accelerate sales cycles by around 60%.

  • Cost Reduction: Lowers compliance-related operational costs by an estimated 30-50%.

  • Enhanced Trust: Improves security posture and customer trust through accurate, real-time documentation.

  • Seamless Integration: Designed to integrate with existing security and compliance tools.

  • Continuous Improvement: The AI learns from your security documentation, progressively improving response accuracy.

• Pricing: Specific pricing details are not publicly listed; Targhee Security uses a subscription-based SaaS model. Contact them directly for a quote.

• Ideal User/Use Case: Mid-market and enterprise B2B companies, particularly in highly regulated industries like SaaS, Tech, Finance, and Healthcare. Organizations that frequently manage compliance frameworks (SOC 2, ISO 27001, HIPAA, GDPR) and undergo regular vendor risk and security assessments will find significant value. It’s ideal for CISOs, CTOs, Security and Compliance VPs/Directors, and GRC Leaders looking to improve process efficiency and reduce friction in security reviews.

• Unique Aspects: Targhee Security’s strong focus on AI-driven accuracy for questionnaire responses and the provision of a self-service Trust Center for customers sets it apart. The platform is geared towards transforming a traditionally reactive and manual process into an automated and efficient one, directly impacting sales velocity and operational costs. Their mission is to empower organizations to simplify, accelerate, and enhance security assessments and compliance processes.

2. LogicGate Risk Cloud®

LogicGate Risk Cloud® is a no-code governance, risk, and compliance (GRC) platform designed to be flexible and scalable to an organization’s changing needs. It provides a suite of applications for various GRC use cases, enabling businesses to build and manage their risk and compliance programs from a single, integrated platform.

• Details: LogicGate aims to help companies automate and mature their GRC programs. Its platform is built with usability in mind, featuring a no-code interface and graph-database management.

• Key Features:

  • No-code platform for easy customization and deployment.

  • Pre-built applications for various GRC use cases like ERM, cyber risk, third-party risk, compliance controls, and operational resilience.

  • Automated evidence collection and workflow automation.

  • AI capabilities for tasks like control mapping.

  • Real-time reporting and analytics dashboards.

  • Solutions for policy management, ESG, regulatory compliance, internal controls, IT risk & compliance, business continuity, and incident management.

• Pricing: LogicGate’s pricing model involves purchasing the specific applications needed for your GRC program and Power User licenses for those who run them. You’ll need to contact them for a custom quote.

• Ideal User/Use Case: Organizations of various sizes looking for a customizable and scalable GRC platform to manage a wide range of risk and compliance activities. It’s particularly suited for those who want to automate manual GRC processes and gain better visibility into their risk landscape.

• Unique Aspects: The platform’s no-code nature allows businesses to tailor workflows and applications to their specific requirements without needing development resources. Its focus on connecting GRC data from across the organization into a centralized hub provides a holistic view of risk.

3. OneTrust

OneTrust offers a comprehensive platform designed to help businesses manage data privacy, security, ethics, and governance, risk, and compliance (GRC). It aims to simplify trust transformation by enabling organizations to collaborate seamlessly and embed trust into their operations and culture.

• Details: OneTrust provides a suite of tools to help companies automate compliance workflows, manage risks, and demonstrate adherence to global regulations like GDPR, CCPA, and HIPAA.

• Key Features:

  • Modules for Privacy & Data Governance, AI Governance, Tech Risk & Compliance, and Third-Party Management.

  • Consent Management Platform for cookies and user preferences.

  • DataGuidance for regulatory research.

  • Automation of Privacy Impact Assessments (PIAs) and Data Protection Impact Assessments (DPIAs).

  • Vendor risk management capabilities.

  • Incident and breach response management.

  • Policy and notice management.

• Pricing: OneTrust’s pricing varies based on the specific modules and usage required. For example, the Privacy Essentials Suite was cited around $3,680/month, while Consent & Preference Essentials could start around $827/month for a single domain. It’s best to contact OneTrust for a custom quote. They also offer some free tools for basic tasks.

• Ideal User/Use Case: Businesses of all sizes, from SMEs to large enterprises, that need to manage complex data privacy requirements and build trust with their customers. It’s particularly useful for organizations navigating multiple global privacy regulations.

• Unique Aspects: OneTrust is known for its extensive regulatory intelligence database, which supports the platform’s automation capabilities. The modular design allows companies to select the specific solutions they need and scale as their programs mature.

4. Hyperproof

Hyperproof is a security assurance and compliance operations platform designed to help organizations efficiently manage their compliance work, build trust, and streamline related operations. It focuses on making compliance efforts faster and less expensive.

• Details: Hyperproof helps compliance, risk, and security teams manage controls, prepare for audits, and mitigate risks through automation.

• Key Features:

  • Management of controls with flexibility and mapping across multiple frameworks (SOC 2, ISO 27001, NIST, PCI, etc.).

  • Automated evidence collection and task management.

  • Risk management features including a centralized risk register.

  • Audit management capabilities to streamline audit preparation and collaboration.

  • Vendor management (third-party risk management).

  • Integrations with over 70 tools like Jira, AWS, Slack, and ServiceNow.

  • Dashboards and reporting for visibility into compliance posture.

• Pricing: Hyperproof’s pricing is subscription-based and starts at a cited $12,000 per year, but they encourage direct contact for a customized quote based on specific needs. They offer different editions like Professional, Business, and Enterprise.

• Ideal User/Use Case: Small to large businesses, particularly those in highly regulated industries like fintech, technology, healthcare, and manufacturing, that need to manage multiple compliance frameworks and automate repetitive compliance tasks.

• Unique Aspects: Hyperproof emphasizes a “compliance operations (ComOps)” approach, focusing on operationalizing compliance tasks efficiently. Its strength lies in automating evidence collection, control monitoring, and streamlining audit processes. Users often praise its intuitive interface and customer support.

5. LogicManager

LogicManager provides enterprise risk management (ERM) software designed to help organizations anticipate future challenges, protect their reputation, and enhance business performance through robust governance. Their risk-based approach aims to streamline compliance activities and centralize risk information.

• Details: LogicManager’s platform acts as a central hub, connecting insights from various departments to uncover hidden risks and suggest appropriate controls. They also pair customers with advisory analysts for personalized support.

• Key Features:

  • Centralized risk management framework.

  • Automated tools for risk identification, assessment, mitigation, monitoring, and reporting.

  • Support for various compliance areas including IT & cybersecurity, regulatory compliance, vendor risk, incident management, business continuity, audit management, and policy management.

  • Pre-built libraries of regulations, risks, and standards.

  • Taxonomy technology to connect regulations, risks, and controls to business areas.

  • Automated alerts and remediation tasks for change management.

  • Customizable reporting and dashboards.

• Pricing: LogicManager uses a “job-to-be-done” SaaS pricing model, offering bundled capabilities, content, workflows, and reports at a single fixed price with unlimited users for those performing the job. Pricing is tailored, and they offer discounts for multiple solutions. A 90-day satisfaction guarantee is mentioned. Contact them for specific pricing. Some third-party sources mention a starting point around $10,000 annually.

• Ideal User/Use Case: Organizations looking for a holistic ERM solution with strong compliance management capabilities. It’s suitable for companies that want to adopt a risk-based approach to compliance and benefit from integrated advisory services.

• Unique Aspects: LogicManager emphasizes a risk-based methodology and combines its software with dedicated advisory services to help customers implement best practices. Their pricing model, which includes unlimited users for specific job functions and a satisfaction guarantee, is also a distinguishing factor.

Choosing the right compliance management software depends heavily on your organization’s specific needs, size, industry, and the particular compliance challenges you’re aiming to solve. Whether you need a comprehensive GRC suite or a specialized tool to automate a specific pain point like security questionnaires, the solutions listed above offer a strong starting point for your research.

If tackling the complexities of security questionnaires and managing compliance documentation is a priority for your GRC strategy, explore how Targhee Security can help automate these processes and enhance your overall compliance efficiency.