15 Best ERM Software in 2024

OneTrust is a holistic ERM solution that specializes in facilitating visibility and automation across various regulations like GRC, ESG, and compliance. Founded in 2016, this Atlanta-based solution provides four components to safeguard against potential risks.

OneTrust specializes in GRC and security modules for organizations to make informed decisions, improve compliance, and maintain security policies.

OneTrust offers features such as automated third-party risk assessments, risk data and external risk ratings, centralized management of cybersecurity incidents, and automated compliance certificates.

Integration

Third-party native integrations with Adobe, Amazon S3, Salesforce, – ServiceNow, and Microsoft Dynamics

OneTrust Pricing

OneTrust offers two pricing options: Large enterprise pricing, which is available upon request, and a Growing business plan, which includes a 1st free month and additional costs for add-ons.

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  The incident and breach response solution undertakes over 300 breach laws to respond to the incidents.

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  Internal audit management allows businesses to schedule audits, recurring evidence request tasks, and track audit status in real-time.

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  Real-time ESG reporting on data and workflows to give transparency to the team and stakeholders.

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  AI governance solution to assess and monitor the risks associated with the use of artificial intelligence.

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  Automated risk assessment and control gap reports for third-party vendors & systems.

Diligent is a comprehensive risk management solution on the list that unifies all the GRC and board management activities—all in one place. This ERM software, started back in 2001, currently serves more than 1 million users across 23,000 organizations.

Diligent offers board and governance management, enterprise risk management, IT compliance, ESG, audit management, and third-party management features. It provides improved visibility and helps teams to identify, assess, consolidate, and remediate risks effectively.

Integrations

Ingrates with compliance, IT risk management solutions, and third-party risk management solutions, including Oracle, JIRA, Athena, SAP, etc.

Diligent Pricing

Diligent offers a tiered pricing structure on request.

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  Diligent provides a board management portal for conducting meetings, approving documentation, and managing materials across various locations.

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  The internal audit management system generates reports and provides insights on risks, security breaches, and key business metrics.

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  Third-party managers use AI to detect negative reviews, watchlist sanctions, and generate reports associated with third-party relationships.

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  The policy manager automates and manages the key policies associated with the industry. It also lets users manage access to these policies and documents.

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  Certified by CDP, GRESB, GRI, SASB, and DJSI, Diligent produces sustainability reports with over 70,000 emission factors for calculating emissions.

LogicGate is regarded as the leader in risk management by The Forrester Wave, as it caters to almost every GRC use case. Powered by Risk Cloud, a no-code cloud-based platform that enterprises use to string various ERM solutions like cyber risk management, internal audit, data privacy, and third-party management together.

LogicGate caters to various industries like software, fintech, telecom, banking, healthcare, and utilities.

Integrations

Integrates with tools like Slack, JIRA, Google Drive, DocuSign, and BI tools like Microsoft BI.

LogicGate Pricing

Users can buy individual GRC programs from LogicGate, and the license cost is per user.

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  Cyber risk assessment automates and manages the evidence collection and reminders and identifies assets at risk.

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  It offers a unified platform for measuring and tracking ESG initiatives and assigns scores based on ISO 26000 Guidelines.

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  Third-party risk management enables organizations to launch risk management programs and collaborate with vendors.

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  Organizations can run internal audit programs to document auditable entities, risks, controls, testing, and findings.

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  Open AI integration accelerates policy writing and review. It automates and sorts the policy for the existing and new employees.

MetricStream, established in 1999, is renowned for its cyber risk management solutions. These solutions assist in automating cybersecurity, governance, risk, and compliance processes.

MetricStream stands out for its wide array of features, including incident and case management, operational risk, compliance, policy management, third-party risks, IT operations, etc.

MetricStream’s automated data collection and reporting capabilities assist businesses in mitigating risks, performing ESG analysis, analyzing regulatory changes, and optimizing processes.

Integrations

MetricStream supports API and REST API integration

MetricStream Pricing

Pricing plans are available upon request only.

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  Cyber risk quantification quantifies the cyber risks within the enterprises in monetary value so that they can be prioritized.

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  It offers real-time visibility into IT and cyber risk posture to automate cyber governance and monitor vendors for security risks.

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  MetricStream uses AI/ML to perform internal audits to document, manage, and assess risks across the organization.

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  Users can access the policies through the centralized interface and leverage an NLP-based policy widget to search for relevant policies based on intent.

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  Get a real-time view of third-party and fourth-party information, including bank details, spending, ongoing assessments, contracts, country, issues, and certifications.

Camms, founded in 1996, offers an agile ERM solution that links risk to business objectives in a single platform. It provides an integrated cloud-based approach for various functions, including operational, cybersecurity, third-party risks, regulatory compliance, audits, and ESG programs.

Camms caters to a wide range of industries like aerospace, education, pharmaceuticals, healthcare, legal, manufacturing, government, and others.

Integrations

REST API integration with every IT ecosystem

Camms Pricing

Camms pricing plans are only available on request.

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  The workplace health & safety feature measures the risks, performs incident management, and tracks safety incidents across the organization.

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  Operational resilience and BCM solutions help organizations prepare for unforeseen events by performing impact assessments.

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  Flexible workflow engine that creates certain conditions for different assessments and uses dashboards to assess different risks.

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  Ability to create short and large, complex workflows based on variables and scenarios.

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  Custom-built templates that allow organizations to build performance management assessments with custom elements.

Riskonnect is an integrated risk management platform best known for managing risk within and outside an organization. Founded in 2007, it largely focuses on features like ESG, GRC, business continuity, and insurable risk.

Riskonnect enables organizations to understand the relationship between risks, dependencies, and vulnerabilities.

Integrations

API integration (REST and Simple Access Object Protocol)

Riskonnect Pricing

Pricing plans for Riskonnect are available upon request.

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  The emergency notification system sends targeted notifications to the right person during the time of crisis.

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  Risk analytics software offers built-in dashboards representing data visualization and industry insights.

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  Risk register that maintains a workflow of risks and tools for bowtie cause-and-effect analysis.

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  Threat intelligence systems monitor threats in real-time in the form of heat maps.

Resolver is an integrated risk management solution that uses automated workflows to identify, measure, and mitigate risks. Founded in 2000, this Ontario-based ERM software specializes in risk assessment across compliance, audits, incidents, and threats to translate into a quantifiable business metric.

Resolver automated workflow is best for large firms that have vast regulation and compliance needs.

Integrations

Custom integrations via core API, Webhook, and Workato

Resolver Pricing

Pricing plans for Resolver are available upon request.

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  Automated alert system that notifies the assignees instantly and eliminates the delay in incident management.

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  BCM software anticipates disruptions and identifies the high-risk areas to create a plan and track the performance in advance.

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  The compliance management system tracks and verifies the vendors and compares them using a standard framework.

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  Resolver offers pre-made templates that assess the vulnerabilities and security risks within an organization.

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  The automated reporting feature transforms complex data into more measurable risk committee dashboards, reports, and heat maps.

SpiraPlan is one of the top choices for software companies and Agile teams. This project planning program gives a 360-degree view of your projects by combining Enterprise Agile Planning, Program, and Risk Management with Quality Engineering.

The risk management system helps identify, analyze, treat, and monitor risks within the team and seek solutions for the risks.

Integrations

IDE integration

SpiraPlan Pricing

SpiraPlan offers a pay-per-user pricing model, with two options available depending on whether it is cloud-based or on-premise.

– Cloud plan starts at $2,181.49/year for 3 users.

– On-premise version starts at $1,958.99/year for 3 users

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  SpiraPlan offers tools for software development risks, including Scrum boards, sprint planning, and burndown charts.

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  The release management feature includes the list of all the released versions of the software and divides them into sprints.

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  The QA testing feature uses the pass/fail filter and records bugs automatically instead of manually documenting them.

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  SpiraPlan offers a comprehensive report with metrics like open incidents, risk summary, and execution status. The report is available in various formats, such as MS Word, MS Excel, HTML, Adobe Acrobat, and MS Project.

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  Their planning board eases collaboration among the software teams, enabling them to update the status in real-time and break up features into tasks.

AuditBoard was founded in 2014 and caters to the needs of enterprises with its ERM functionalities along with compliance and audit management. Its USP lies in real-time collaboration tools that unify the teams and ensure smooth workflow.

AuditBoard gives a single view of risk, EGS, and compliance data to streamline business continuity management activities.

Integrations

Integrates with Slack, Asana, AWS, HubSpot, Snowflake, etc.

AuditBoard Pricing

Pricing is available on request.

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  The internal audit management tool offers a no-code automated solution with real-time monitoring of your audits.

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  Automated evidence collection feature that pulls out the data from the source system without the need for coding.

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  Perform third-party vendor assessments using the pre-build templates and compare them based on a score.

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  AuditBoard offers a dedicated IT risk management feature for identifying emerging threats and monitoring them in real-time.

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  Transparency and visibility into various data collection and streamlined ESG management in a single platform.

Secureframe is more of a compliance management tool that comes with AI capabilities. It uses automated workflows to manage security, risk, and compliance within an organization. Its highlight feature includes a risk register that evaluates the risk treatment, assigns owners, gains visibility, and ensures accountability.

Secureframe also offers key functionalities like Automated evidence collection, continuous monitoring, and risk management—all in one place.

Integrations

200 native integrations with apps like AWS, Google Drive, Slack, GitHub, and Asana

Secureframe Pricing

Secureframe offers four pricing options: Essentials, Growth, Premium, and Enterprises, with the pricing available upon request and the option to start with a demo.

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  End-to-end automated risk management that provides inherent score, justification, and residual risk scores.

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  Secureframe deploys and tracks the employee training modules for compliance like SOC 2, HIPAA, PCI DSS, and GDPR.

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  Admins can assign personnel for compliance tasks, track incomplete tasks, send reminders, and re-assign.

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  Users can leverage pre-made templates or create compliance tests to maintain compliance programs and track the status of tests.

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  It allows you to create a trust center that gives customers and prospects visibility into security frameworks. The trust center can be customized to suit the brand’s style.

LogicManager, founded in 2005, is an enterprise risk management software that helps businesses identify, mitigate, and report risks across operational silos. It combines software with consultancy services to connect businesses with advisory analysts and provide training on risk management practices.

Features include IT and cybersecurity risk assessments, third-party risk management, regulatory compliance efforts, business continuity management, internal auditing, and financial controls.

Integrations

Integrates with 500 applications, including Office 365, Slack, Dropbox, PowerBI, etc.

LogicManager Pricing

Pricing is available on request.

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  Centralized platform for managing and mitigating the risks, creating the risk models, and automating stakeholder-related tasks.

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  In-depth analysis of risks using various visualizations, such as dashboards, heat maps, and built-in risk metrics.

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  AI and ML-based Document Risk Analyzer that identifies the risks associated with a shared business document without even opening it.

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  Ability to build and manage policy programs with a risk-based approach to ensure a streamlined incident management program.

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  Identifies the industry-specific risks so that users can find the root cause quickly.

Mitratech Integrum is a fully integrated risk management ERM software that is best known for its QHSE, compliance, incident, and risk management — an all-in-one application.

Mitratech Integrum has over 1,50,000 users across 200 countries, catering to almost any industry sector. It specializes in Health, Safety, and Environment (HSE) management tools that ensure workplace safety and regulatory compliance.

Integrations

Real-time integration with systems like SAP, PeopleSoft, Oracle, Mincom, ERP systems, Trim and Microsoft SharePoint

Mitratech Integrum Pricing

Pricing is available on request.

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  Third-party risk management helps detect, mitigate, and assess compliance risk, regulatory scrutiny, and financial risk and penalties.

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  RegAdvisor, a regulatory compliance management software, is tailored for the finance software and updates with policies and compliance in real-time.

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  360-degree automated GRC platform that creates an AI-enabled workflow (no-coded) with powerful dashboard capabilities.

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  It offers internal audit templates for conducting compliance audits and inspection management.

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  This ERM software uses the framework ISO45001 and undertakes tasks like managing employee health, conducting health assessments, and driving wellness programs.

StandardFusion is an integrated GRC platform founded in 2014. It caters to a variety of industries and offers features like risk management, audit management, compliance management & automation, privacy management, and more.

StandardFusion USP lies in the integration between risk management activities and real-time data.

Integrations

Integrates with JIRA, Slack, PowerBI, GitLab, Confluence, SecurityScorecard, and others

StandardFusion Pricing

Pricing is available on request.

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  StandardFusion offers a modular approach that allows users to customize their risk profiles according to the solution.

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  Users can assess their risk using the quantitative and qualitative risk methodologies or create their own assessments.

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  It offers a comprehensive view of your data and how it can be leveraged for risk and compliance programs.

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  The audit platform evaluates the internal and external audit status, provides access to evidence, and gives the status in real-time.

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  Vendor assessment and management through pre-built questionnaires helps identify the right vendors and third-party risks.

Sprinto is regarded as the #1 compliance management tool for enterprises that predicts, prioritizes, and mitigates the risks associated with non-compliance and new onboarding.

Sprinto is a cloud-based software for integrated risk management. It goes beyond security risks, offering features like vendor risk management, vulnerability assessment, policy management, and compliance with different frameworks.

Integrations

Sprinto integrates with 200 apps like Oracle, Azure, Zoho, Digital Ocean, Postman, Confluence, etc.

Sprinto Pricing 

Sprinto pricing varies based on the number of employees in your organization and the specific compliance framework, such as SOC2, ISO27001, GDPR, HIPAA, etc. For pricing information, please request a quote.

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  Risk register allows users to add or remove risks, create custom risk treatment plans and perform system checks on the go.

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  IT security compliance provides a security questionnaire with ready-to-use responses and auto-response options.

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  Quantifies and qualifies the risks in metrics so that users can create mitigation plans to reduce risks.

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  Real-time vulnerability assessment and risk mitigation as they are pinpointed.

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  Automated security audits to identify security gaps along with monitored logs, documentation, and system snapshots to share with the stakeholders and others.

Essential ERM comes with various accolades from G2 as the easiest ERM software that uses enterprise risk management in tandem with strategy planning. Founded in 2009, this enterprise risk management tool caters to over 20 industries in over 55 countries.

For its affordable solution, Essential ERM is perfect for small and medium-sized enterprises looking for powerful features at low cost.

Integrations

Custom integrations via API

Essential ERM Pricing

Essential ERM Pricing offers three options: a standard plan for $299 per month or $3,588 per year, a Pro plan, and an Enterprise plan, which are available upon request.

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  Dynamic bowtie assessment, a visual assessment tool, represents the causes on one side, consequences on the other, and measures in the center.

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  It helps organizations identify and manage ESG opportunities and browse ESG topics for specific industries.

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  Stakeholders can vote on risks to generate automated risk ratings to reduce groupthink and engage more users.

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  It offers role-based access to admins, power users, standard users, readers, and contributors for controlled risk assessment.

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  The ERM system comes with a custom reporting feature, custom library, and custom file exports to the external systems.