My 6 Picks for the Greatest Enterprise Threat Administration Software program

I’ve all the time believed chaos is only a signal of a lacking system.

So, once I began noticing how typically danger exhibits up quietly in delayed approvals, compliance critiques, or sudden dependencies, it received me pondering: how do enterprise groups keep forward of all this with out getting buried in it?

That curiosity led me to discover how firms handle danger at scale. Not from a distance however by digging into the software program that helps them monitor points, keep compliance, and make sooner, extra knowledgeable selections.

To put in writing this information on the greatest enterprise danger administration software program, I reviewed suggestions on 20+ platforms, specializing in how properly they deal with danger identification, real-time reporting, compliance workflows, automation, and cross-functional visibility.

Beneath are the six instruments that stood out for his or her readability, flexibility, and skill to assist groups transfer ahead with out second-guessing what would possibly go mistaken.

Why these are the most effective enterprise danger administration software program

It’s straightforward to imagine danger administration is all about compliance, however the extra I explored, the extra I noticed it’s actually about readability. Readability in decision-making, accountability, and how briskly a enterprise can reply when one thing doesn’t go as deliberate.

That’s what I saved in thoughts whereas evaluating these instruments. I wasn’t simply on the lookout for software program that would monitor dangers. I paid shut consideration to how every handles complexity with out turning into a part of the issue. Did customers say it surfaced the proper data on the proper time? May it adapt to completely different frameworks? Was it serving to groups work collectively or slowing them down?

Some instruments checked all of the bins however nonetheless got here off as inflexible. Others provided loads of flexibility however lacked the construction groups wanted to scale. Those that stood out based mostly on what I discovered in consumer critiques balanced each standards, which earned them a spot on this checklist.

What I seemed for in the most effective ERM software program

I thought-about the next components when evaluating the most effective enterprise danger administration software program.

• Centralized danger visibility: A transparent, consolidated view of dangers throughout enterprise models is on the coronary heart of any robust ERM platform. I prioritized instruments that made it straightforward to map and categorize dangers, hyperlink them to controls, and monitor them in actual time. Bonus factors if the platform supported heatmaps, danger scoring, and clear possession assignments.
• Automated compliance and audit workflows: Manually managing frameworks like SOX, ISO 31000, or GDPR is a large time sink. I seemed intently at platforms that provided built-in compliance workflows, doc administration, and automatic proof assortment for audits. The very best instruments assist streamline management testing and make staying prepared for audit season year-round simpler.
• Help for a number of danger varieties and frameworks: Each enterprise manages a mixture of dangers from operational and reputational to cyber and third-party. I evaluated how properly every platform dealt with completely different danger classes and whether or not they provided versatile, customizable frameworks to assist numerous industries and use instances.
• Customization and scalability: I seemed for platforms that allowed tailor-made workflows, customized danger assessments, adaptable scoring fashions, and role-based permissions. The very best enterprise danger administration software program scales up with organizational complexity with out turning into too inflexible or overwhelming.
• Cross-functional collaboration: Threat doesn’t sit in a silo; it touches each staff. I prioritized platforms that supported collaboration between danger, compliance, IT, authorized, finance, and ops.
• Integrations and knowledge sharing: Whether or not pulling knowledge from human sources data system (HRIS), GRC, vendor administration, or cybersecurity instruments, the most effective ERM software program shouldn’t function in a vacuum. I targeted on platforms that made connecting current techniques straightforward, automated knowledge movement, and eradicated handbook entry throughout groups.
• Reporting and government insights: I additionally paid shut consideration to reporting instruments. The strongest platforms delivered clear, customizable studies that helped flip uncooked knowledge into action-ready insights.

The checklist under comprises real consumer critiques from the ERM software program class web page. To be included on this class, an answer should:

• Catalog, assess, and mitigate business-specific dangers reminiscent of monetary or well being and security
• Present instruments to speak dangers to staff, prospects, distributors, and suppliers
• Create, keep, and implement company insurance policies and guidelines for inside and exterior use
• Keep an up-to-date repository of legal guidelines, rules, and business requirements
• Assist customers plan, implement, and monitor the efficiency of audit packages and duties
• Guarantee enterprise continuity administration by means of incident administration and danger mitigation
• Ship coaching and studying for compliance functions, together with certifications
• Carry out third-party, vendor, and provider danger assessments and due diligence
• Help a number of danger administration methodologies, reminiscent of quantitative and qualitative
• Collect and analyze environmental, social, and governance (ESG) knowledge from numerous sources

*This knowledge was pulled from G2 in 2025. Some critiques might have been edited for readability.

AuditBoard is a danger and compliance platform that’s extensively used for inside audit, SOX, and enterprise danger administration. It’s designed to assist groups handle controls, monitor documentation, and collaborate on audit workflows from one centralized area.

One of the crucial constant themes I observed in G2 critiques was how straightforward AuditBoard is to make use of. Reviewers repeatedly referred to as out its intuitive format, clear UI, and the truth that even new staff members may discover their method round with out a lot hand-holding. In comparison with extra inflexible GRC instruments, AuditBoard appears to decrease the barrier to getting began, particularly for management homeowners outdoors the audit staff.

Audit administration was a frequent matter within the suggestions I reviewed. Customers talked about how useful the platform is for organizing testing, linking controls to dangers, and managing walkthroughs or proof in a single place. A number of reviewers appreciated that it streamlined their audit cycle and made collaboration between auditors, stakeholders, and exterior groups extra environment friendly.

Buyer assist was one other robust level throughout critiques. I observed a number of customers stating how responsive and educated the assist staff is, significantly throughout onboarding or when rolling out new options. A number of even stated that accessing useful reps made the distinction between a rocky and a clean implementation.

That stated, not all the pieces is seamless. Whereas the interface will get excessive marks total, reviewers famous a studying curve relating to a few of the extra superior or newer options. A number of talked about that documentation or coaching sources may very well be improved for groups scaling up or including extra modules.

One other theme that popped up within the critiques I evaluated was associated to syncing and integrations. A number of customers talked about points connecting AuditBoard with exterior instruments, primarily reporting or knowledge visualization platforms. Some discovered the sync inconsistent, which created friction throughout audits or government reporting cycles.

What I dislike about AuditBoard:

• I noticed fairly just a few reviewers point out that there’s a studying curve when rolling out newer options or modules.
• Syncing got here up as a recurring ache level, particularly for groups utilizing exterior reporting instruments. I think about the challenges of counting on these connections and never having them work constantly.

What G2 customers dislike about AuditBoard:

“AuditBoard doesn’t do the most effective with letting shoppers find out about points occurring inside their system which might be impacting customers, and generally we solely discover out after we submit a service desk ticket. Examples embrace occasions once we couldn’t obtain our testing paperwork, and this was a recognized subject affecting a number of prospects, but we didn’t study that this subject was being labored on till after a ticket was submitted. Buyer assist does do properly with working with you as soon as a ticket is submitted, which is constructive; I simply suppose they may very well be extra proactive.”

– AuditBoard Assessment, Nick N.

Workiva is an enterprise platform recognized for simplifying advanced reporting, compliance, and danger workflows. Finance, audit, and danger groups use it to handle controls, collaborate on paperwork, and align reporting with regulatory necessities.

One factor that got here by means of strongly within the G2 critiques I evaluated was how properly Workiva handles reporting. Customers constantly referred to as out how straightforward it’s to hyperlink knowledge, construct studies, and keep consistency throughout all the pieces from danger matrices to board-level summaries. Based on G2 suggestions, the platform appears significantly well-suited for giant groups that must hold all the pieces audit-ready with out chasing spreadsheets.

Collaboration was one other main energy throughout the critiques I seemed by means of. Groups talked about that it’s straightforward to work on stay paperwork, assign duties, and hold communication centralized, whether or not managing a quarterly report or a full enterprise danger assessment. Based mostly on what I learn, that cross-functional transparency is an enormous win for danger groups that don’t function in a silo.

Reviewers additionally typically described Workiva as their “single supply of reality.” I noticed a number of mentions of model management, knowledge linking, and the flexibility to keep away from duplicate work throughout groups. That reliability appears particularly worthwhile in enterprise environments the place one misstep in documentation can create downstream dangers.

Nonetheless, a number of reviewers flagged a studying curve, particularly throughout onboarding or configuring extra superior workflows. For groups new to ERM software program or these with out devoted platform assist, it may take time to get completely on top of things.

I additionally got here throughout a number of critiques that described the setup as time-consuming. Whereas the platform clearly has depth, some customers felt the implementation effort was heavier than anticipated, particularly when managing a number of frameworks or migrating from legacy techniques.

What I dislike about Workiva:

• A number of critiques talked about the educational curve, particularly for brand new customers. I think about establishing advanced workflows would take time with out robust assist.
• I additionally noticed feedback in regards to the setup course of feeling heavier than anticipated. If I have been rolling it out company-wide, I’d need to plan for this upfront.

What G2 customers dislike about Workiva:

“Fairly often, connection may be very gradual. There are options to be improved reminiscent of – formulation, pivots. Additionally, there is no such thing as a present option to share paperwork with an enormous group of individuals with out giving entry to every one to Workiva – for instance, a bunch of 10000 individuals inside one group.”

– Workiva Assessment, Kristian T.

Scrut Automation is a compliance and danger administration platform designed to assist firms simplify their audit readiness processes throughout frameworks like ISO 27001, SOC 2, and GDPR. It’s particularly common with fast-growing groups trying to substitute handbook monitoring with one thing extra structured and automatic.

As I learn by means of G2 critiques, one factor that got here up typically was how straightforward Scrut is to make use of. Reviewers described the platform as clear, easy, and easy to navigate. It helps groups keep engaged while not having lengthy onboarding periods.

Automation additionally stood out throughout the critiques I checked out (it is within the title). Scrut helps streamline recurring duties like proof assortment, danger assessments, and management testing. A number of customers talked about how a lot time it saved their groups throughout audits and inside critiques, particularly in comparison with doing all the pieces manually.

The platform’s built-in assist for frameworks like ISO 27001 and SOC 2 was one other robust theme. Based mostly on consumer suggestions, Scrut appears to come back pre-configured with plenty of what groups must get began: insurance policies, controls, and activity templates, in order that they’re not constructing their packages from scratch.

Some reviewers identified that Scrut’s danger administration options aren’t as versatile as they’d like. A number of famous challenges in categorizing dangers or adapting frameworks to their particular organizational setup.

I additionally observed a handful of critiques mentioning occasional slowness or bugs within the UI. In case you’re managing excessive volumes of knowledge, that’s one thing to bear in mind.

What I dislike about Scrut Automation:

• Some reviewers stated the danger administration options weren’t as versatile or constructed out as different areas. If I have been working a extra advanced ERM program, I’d need to discover that rigorously.
• I additionally noticed just a few feedback about occasional bugs or gradual load occasions. It’s not a dealbreaker, however I’d need to make certain efficiency stays constant over time.

What G2 customers dislike about Scrut Automation:

“At occasions, there’s a delay in syncing modifications inside Google Workspace (Gsuite), reminiscent of newly added staff, So it creates confusion as to why my worker depend is exhibiting much less.”

– Scrut Automation Assessment, Sandeep S.

Hyperproof helps organizations handle danger, streamline compliance, and keep audit-ready throughout a number of frameworks. It’s typically utilized by groups navigating SOC 2, ISO 27001, HIPAA, and different requirements, with a powerful concentrate on proof administration and ongoing monitoring.

As I reviewed G2 suggestions, I observed how typically Hyperproof was praised for supporting a number of compliance frameworks in a single place. Customers shared that it helped them scale back duplicate work by centralizing controls, linking proof, and reusing documentation throughout audits. For groups juggling overlapping necessities, the flexibleness right here makes an actual distinction.

Proof assortment was additionally a standard energy theme. Based on the critiques I combed by means of, the platform makes it straightforward to assign duties, add proof, and monitor audit progress with out always checking in throughout groups. It’s particularly useful when deadlines are tight, or audits are occurring concurrently.

One thing else that stood out was how typically customers talked about the Hyperproof staff itself. I noticed a number of critiques calling out proactive onboarding, quick assist responses, and common check-ins from buyer success reps. For a product this deep, that sort of partnership could make or break the expertise.

There have been, nevertheless, some mentions of a studying curve. A number of customers famous that it took time to totally perceive easy methods to arrange packages or unlock the platform’s full potential, extra so for groups managing advanced danger situations.

Customization limitations additionally got here up in critiques, significantly round dashboards and templates. Some customers felt restricted in how a lot they may tailor the interface to suit their inside workflows or reporting preferences.

What I dislike about Hyperproof:

• A number of customers famous a studying curve, particularly throughout early implementation. I’d in all probability desire a strong onboarding plan in place to profit from it.
• I additionally got here throughout suggestions about restricted dashboard customization. If you wish to get extremely tailor-made views or studies, you could affirm what’s doable upfront.

What G2 customers dislike about Hyperproof:

“The dashboard lacks customization choices, and the interior reporting characteristic falls wanting expectations, as additionally it is non-customizable. Hyperproof’s urged resolution is to make use of Snowflake integration to extract knowledge and generate studies. Moreover, a customizable, template-based questionnaire for assessments will not be obtainable.”

– Hyperproof Assessment, Sathish S.

Fusion Framework System is constructed for danger and resilience groups managing advanced operations, incidents, and continuity planning. Massive enterprises use it to centralize danger processes and put together for potential disruptions.

Throughout the G2 critiques I examined, danger administration constantly emerged as a powerful level. Customers shared how Fusion helps them keep on prime of danger assessments, monitor mitigation efforts, and reply sooner when points come up. A number of talked about that having a centralized view helped their groups higher align priorities throughout departments.

Enterprise continuity and catastrophe restoration have been additionally generally talked about within the suggestions I reviewed. Many customers mentioned how Fusion helps doc response plans, assign roles, and simulate situations, strengthening groups’ operational resilience. It appears to supply the sort of construction wanted when preparation can’t afford to be reactive.

I additionally observed a number of reviewers commenting on how approachable the platform feels as soon as it’s up and working. Customers described the interface as adaptable, significantly when configuring dashboards or navigating day-to-day workflows.

That stated, attending to that time takes some effort. I got here throughout just a few critiques that point out a steep studying curve throughout implementation, particularly when establishing extremely custom-made packages.

Buyer assist got here up in just a few critiques as an space that would enhance. Whereas not a dealbreaker, some customers stated they’d’ve appreciated extra hands-on assist throughout rollout or when troubleshooting particular use instances.

What I dislike about Fusion Framework System:

• A number of customers described the educational curve as steeper than anticipated. Earlier than diving in, I’d need to be certain there is a clear implementation plan in place.
• A number of critiques talked about assist may very well be extra proactive. If I have been managing a time-sensitive rollout, I’d need to double-check the extent of assist obtainable.

What G2 customers dislike about Fusion Framework System:

“An space that Fusion Framework System may contemplate revising is the graphical consumer interface as a result of it’s slightly medley to novice customers. This has made the educational means of the staff gradual and required extra coaching to get accustomed to and make the most of all of the options of the app. Furthermore, the software program has nearly each setting adjustable, with their administration time-consuming and generally requiring professional-level data. Such components have at occasions restricted skill to totally unlock worth from the software program capabilities as desired.”

– Fusion Framework System Assessment, Martin B.

IBM OpenPages permits organizations to handle advanced danger, compliance, and audit workflows. It’s constructed for scale, with deep performance throughout danger domains and integrations with IBM’s AI and knowledge platforms.

One of the crucial constant patterns I noticed in G2 critiques was OpenPages’ energy in danger administration. Customers shared that it helped them construct structured workflows for figuring out, assessing, and monitoring dangers throughout their organizations. A number of reviewers famous that it was instrumental in extremely regulated industries the place danger oversight must be hermetic.

One other standout characteristic throughout the critiques I learn was the integration with IBM Watson. Based on customers, the platform leverages pure language processing to automate duties like reviewing insurance policies, parsing documentation, or figuring out dangers from unstructured knowledge. That AI-driven strategy appears to set OpenPages aside from extra conventional GRC techniques.

There have been additionally indicators that OpenPages can assist a variety of danger varieties. Whereas reviewers didn’t all the time checklist them out immediately, I noticed mentions of modules for third-party danger administration, incident monitoring, coverage administration, and audit workflows. Based mostly on what I learn, it feels versatile sufficient to adapt to completely different danger capabilities relying on the group’s wants.

All stated and finished, OpenPages isn’t one thing most groups can roll out in a single day. A number of critiques referenced a posh implementation course of that required robust inside alignment and assist from IBM to get it proper. It’s highly effective however clearly constructed for firms with the sources to handle a large-scale deployment.

Value got here up just a few occasions as properly. Whereas reviewers didn’t name it out as a significant subject, just a few talked about that the worth level and useful resource necessities could be higher fitted to giant enterprises than mid-sized groups.

What I dislike about IBM OpenPages:

• Implementation appears like a undertaking in itself. Earlier than taking it on, I’d need to guarantee we had the proper inside assist.
• Value wasn’t the largest grievance, nevertheless it did come up. For a mid-sized enterprise, I’d in all probability must weigh the long-term worth in opposition to the preliminary funding.

What G2 customers dislike about IBM OpenPages:

“The Value is excessive as in comparison with different GRC instruments, and there are some hurdles in consumer adoption.”

– IBM OpenPages Assessment, Vishal D.

It relies on what your staff wants, however based mostly on my analysis of G2 critiques, AuditBoard and Workiva constantly stand out. AuditBoard is praised for its user-friendly interface and robust audit capabilities, making it an excellent match for inside audit groups. Workiva excels in reporting and cross-team collaboration, particularly in regulated industries.

2. What’s the greatest enterprise danger administration software program for banks?

For banking and monetary providers, IBM OpenPages and Workiva are two robust selections. OpenPages is designed for enterprise-scale implementations and helps strong danger modeling, compliance monitoring, and integration with IBM Watson for automation. Workiva, however, provides glorious real-time reporting and model management, which is efficacious for regulatory reporting and audit readiness in monetary establishments.

3. What are some ERM instruments for insurance coverage firms?

Based mostly on what I’ve seen in G2 critiques, insurance coverage firms would possibly contemplate just a few instruments: Fusion Framework System for continuity planning and incident response, AuditBoard for audit and compliance administration, and Hyperproof for proof monitoring and multi-framework compliance. These platforms supply completely different strengths relying on how your insurance coverage staff constructions danger and compliance internally.

4. Which ERM instruments are greatest for compliance automation?

Scrut Automation, Hyperproof, and Workiva are all strong picks for groups trying to streamline compliance. Scrut stands out for its pre-built assist for ISO 27001 and SOC 2, whereas Hyperproof makes it straightforward to handle a number of frameworks with out duplicating work. Workiva ties automation on to reporting and audit documentation, which is useful for recurring compliance cycles.

5. Which enterprise danger administration instruments supply the most effective reporting options?

Workiva is steadily praised for its real-time reporting, government dashboards, and knowledge linking throughout groups. It’s helpful for organizations that must current clear, audit-ready insights to management or exterior stakeholders.

Dangerous enterprise? Not anymore

Managing danger doesn’t should imply infinite spreadsheets and crossed fingers. The very best enterprise danger administration software program helps groups keep aligned, audit-ready, and a step forward.

From simplifying proof assortment to mapping dangers throughout frameworks, the instruments I’ve reviewed right here replicate what actual customers really worth. I’ve combed by means of the suggestions to floor what works (and what doesn’t) so you possibly can spend much less time evaluating platforms and extra time constructing a program that works.

Additionally managing vendor danger? Discover the greatest third-party and provider danger administration software program to remain forward of provider points and exterior dependencies.