Traditional governance, risk, and compliance (GRC) approaches are no longer effective in today’s complex and evolving risk landscape. Organizations are turning to modern, integrated GRC platforms to reduce exposure and boost resilience. Yet, many struggle to find the right fit in a crowded and complex market. This comprehensive software selection guide helps your organization take a strategic inward look at your unique GRC needs – before you engage with vendors.
AI’s impact on GRC has been double-edged – it has amplified risk and introduced new regulatory challenges while also enabling smarter integrated GRC capabilities. Organizations must balance that dual reality while also being clear about their internal needs, or risk locking into GRC tools that don’t serve them. IT and risk leaders must collaborate with stakeholders across the organization to define GRC goals, strategy, and requirements, then pursue vendors whose offerings align with that foundation.
1. Legacy tools are a liability.
As regulatory demands grow more complex and interconnected, organizations still relying on spreadsheets or siloed manual systems are exposing themselves to unnecessary risk – and actually introducing new risk by limiting visibility, scalability, and responsiveness.
2. Know your needs before you shop.
Legacy GRC tools can’t keep pace with today’s challenges – but rushing toward modern alternatives risks locking into a costly misfit. A well-defined understanding of your GRC needs is essential before beginning the vendor search.
3. The details are the differentiator.
Most GRC platforms deliver similar core functionality – what distinguishes them is how they deliver it. Focus on differentiators around usability, implementation effort, support, AI-driven features, and overall integration with your environment.
Use this step-by-step buyers guide to select the right GRC for your organization
Our research offers practical insights and tools, including a high-level overview of 10 vendors and scenario-based analysis of vendors across several GRC spaces, to help you define your GRC requirements and assess vendor offerings with clarity. Use this practical framework to select an integrated GRC platform that aligns with your organization’s needs, goals, and maturity level.
- Contextualize the GRC landscape to understand the benefits of GRC tools, explore GRC trends, and understand your own GRC needs and goals.
- Select the right GRC vendor by defining key questions, making a needs-based shortlist, and booking demos with chosen vendors.
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GRC Software Selection Guide