Top GRC Technology Companies
List of Top GRC Companies
With governance, risk management and compliance (GRC) becoming a mainstay, it is no longer just about compliance or assurance, but about driving business growth and contributing to the revenue generation. Over the past few decades, the concept of GRC has been considered as an integrated collection of business functions, capabilities, and processes governed to meet specific objectives. GRC technology has the potential to become a manageable dimension of the business, parallel to other functional areas such as supply chain management, IT, and finance.
By establishing digital trust, businesses can rely on their GRC programs as a shared effort without abandoning operational tasks. Data can be transformed to provide the insights that later fuel automated processes and notification-triggering through intelligent technologies such as machine learning, networked ecosystems enabled by the Internet of Things, and predictive analytics.
Machine learning and data visualization solutions are also being introduced by organizations to automatically organize and monitor different data sets and flag signs of data leakage, policy violation, or other high-risk items. As a result, GRC professionals can get ahead of risks, ensure compliance with regulations, and provide the complete assurance. The growing proliferation of consumer devices such as smart security cameras, and IoT enabled devices can gather data that often include personal information.
With that in mind, in this edition of CIO Applications Magazine, we bring to you “Top 25 GRC Technology Solution Providers — 2019,” featuring leading solution providers offering ground-breaking GRC technology solutions. The companies featured in this issue exhibit profound industry knowledge, and in-depth expertise in delivering superior GRC services while offering flexible, appealing, and consistent user experiences across every channel of an organization.
Top GRC Technology Companies
Finboa
FINBOA is a cloud-based PCI DSS certified platform that is embedded with the knowledge of regulatory requirements. By integrating regulatory rules within business processes, such as a Reg E dispute tracking, FINBOA helps institutions focus on their core business rather than handling IT dependencies. The FINBOA platform digitalizes and automates manual tasks of document management of financial institutions by deploying robotic process automation (RPA) while complying with several regulations. Further, FINBOA Reg E Dispute Tracking digitizes the WSUD, allowing bank customers to e-Sign the dispute from their mobile device
In Touch
In Touch distinguishes itself by its willingness and ability to proactively consider all aspects of both existing and contemplated confidential and anonymous reporting initiatives. One of the best evaluation tools it offers is a comprehensive Hotline Buying Guide that can be downloaded from In Touch’s website. This document covers a wide range of topics from program positioning to the benefits of pairing a program with a case management system–database software suites that are of relevancy to CIOs. In Touch’s CaseTrac, cloud-hosted SaaS package is considered the currently popular in the market. Where training and reinforcement are concerned, In Touch offers an animated training video that can easily be customized to an organization’s specific need
ITSourceTEK
ITSourceTEK helps organizations address challenges in the GRC space surrounding protection of data, including the need to meet regulatory requirements and creates customized solutions that are right for their businesses to meet compliance. With a team of seasoned and savvy experts, the company supports organizations across different sectors to meet regularity requirements. Also, it develops automated security functions to extend protection as data and applications move to Cloud and SaaS platforms
RISKONNECT
Riskonnect empowers organizations to anticipate, manage, and respond in real time to strategic and operational risks across the extended enterprise. Riskonnect’s highly configurable solutions helps organizations understand, manage, and control risks, which positively affect shareholder value. The company’s integrated risk management platform consolidates data, connects risks, and illustrates their relationships. The platform allows forward-thinking organizations to easily cope with increased scrutiny and accountability for corporate governance, while better managing strategic risk. With unrivaled industry and technical knowledge, Riskonnect’s professionals deliver innovative, world-class solutions that maximize technological investment. Riskonnect’s holistic approach to integrated risk management serves more than 900 companies across six continents
System 1
System 1 are veterans in the field of cybersecurity governance with the provision of proactive solutions for the assurance and resilience in infrastructure protection. It has worked among both government and private organizations to provide strategic, future-focused advising, solutions, and assistance derived from the extensive functional experience and sector involvement. System 1 is known to be the change agents who formulate strategies for a fundamental level as well as high-risk levels in the public and private sectors. It not only resolves today’s problem but also provides a robust and secure foundation in cybersecurity risks for tomorrow
Verterim
Verterim is a GRC solutions provider focused on four major areas: providing hosting and managed services, offering innovative GRC integrations with third party applications to enrich GRC content, reselling value-added GRC products, and delivering consultancy for implementation to ensure that the established GRC program lives and breathes into perpetuity. Verterim can manage a company’s GRC platform to save them time and money, identify opportunities to integrate their existing systems to enrich information, and determine the software and services that are a right fit for their organization. Having been on the customer side and possessing institutional knowledge, Verterim identifies every opportunity to streamline and innovate to save a business time and money
Alertenterprise
Based in Silicon Valley, AlertEnterprise provides IT-OT Convergence for Corporate and Critical Infrastructure Protection. It purges the threats across IT Security, for better prevention of risk, fraud, theft, sabotage, and any act of terrorism. AlertEnterprise delivers the next generation GRC and helps in monitoring and managing incidents for efficient responses to severe threats and protection of infrastructure for diverse sectors. With its Intelligence and Enterprise Access Management software, organizations acquire absolute situational intelligence so that whenever there is any association across IT, it can be exposed and resolved at once
Auditboard
AuditBoard was created out of a simple idea that organizing internal controls and conformities don’t necessarily have to be administrative or manual. It is a cloud-based platform that transforms the methods in which businesses automate, collaborate, and report significant risks in real-time. It is structured to streamline the audit world and provides an advanced platform for operational audits and compliances. AuditBoard holds a multi-layer security etiquette that ensures security, privacy, and discretion for the clients, along with extensive audit setting to convey the smartest audit automation platform
Bitsight
BitSight breaks new ground when it comes to security ratings market, by transforming the operations of companies with a better understanding about, how to evaluate risk and security performance by utilizing the outside-in model used by the credit rating agencies. BitSight is financed by the NSF that encourages and backs up the scientific and engineering efforts of national importance. It is dedicated to making sure, the customers operate the security ratings and discover immediate value, starting from the personalized onboarding to the best-in-class customer support with smooth working and quick response
CFM Partners
Cloud-based, CFM Partners is a GRC technology and intelligence solution provider that helps to convey information better by keeping employees up-to-date on significant policies and procedures, to monitor regulations and conduct internal audits. It blends its insightful compliance and industry proficiency with advanced technologies that convey integrated, knowledge-based GRC solutions. The solutions help in implementing and balancing effective corporate compliance programs to yield improved corporate governance and superior corporate risk management. CFM Partners aims to manage the risks, improve the actual performances, and raise the revenue production of the company
Clusterseven
ClusterSeven is one of the providers in End User Computing (EUC) management software along with expert experience to support running Shadow IT applications. It helps in increasing visibility and control spreadsheets, models, databases, and other applications, which are a part of the business procedures. Irrespective of the size (large or small) and the needs (simple or complicated) of the company, it tends to deliver results in a day. ClusterSeven helps in assessing and classifying risk as well as boosts the accountability and visibility of Shadow IT applications with information about every step
Collibra
Collibra is the organization behind the cross-organizational data governance platform for all data citizens that delivers openness and freedom. The company builds and sells software and operating models and provides professional services to speed the customers’ journey to true data governance. Collibra breaks down conventional data silos and opens up organizational data so that all users can find access to the data they need, collaborate on it, and easily comprehend its meaning. Collibra also enables data citizens to trust the data as trust is what unlocks the full potential to create competitive advantage
Cura Software Solutions
CURA Software is a provider of GRC software solutions built for all purposes and intents that enables monitoring and mitigating of fast, reliable facts and filling of gaps between communication and connectivity in any business or organization. CURA plants its principles based on certified standards for business management like COSO, ISO, COBIT, SOX, HIPPA, KING III, and BASEL that makes it dependable and the most trusted brand in the industry for the last sixteen years. By being agile and intuitive, CURA delivers a feature-rich solution, built out carefully and put together in a uniform manner to meet its promises
Erwin
As a stand-alone company, the Erwin brand has been focused on data governance as an underlying technology and as a strategic approach for competitive differentiation, operational excellence, and risk mitigation. Through strategic acquisitions and significant investment in R&D, Erwin has developed the only software platform; namely the Erwin EDGE platform that creates an “enterprise data governance experience” to give organizations control and visibility over their disparate architecture. With integrated enterprise modeling and data literacy capabilities, Erwin helps its customers discover, understand, and govern their data assets to accomplish the desired operational results.
Hyannis Port Research
Hyannis Port Research (HPR), Inc. manufactures risk management and trading technology for the financial markets that power the next-generation electronic trading stacks of global investment banks, asset managers, and market makers. HPR’s team consists of experienced engineers and architects with a vast array of skills, including networking/telecommunications, silicon design (FPGA), electronic trading systems, and high-performance computing. The company provides Omnibot, a networking device that integrates direct market access, real-time risk management, market data delivery, surveillance, and latency capture functionality into a multi-application switch and can provide all of these services on a single unified platform.
Ignyte Assurance Platform
Started as MAFAZO in 2012 to address the growing loopholes in cybersecurity that many organizations were facing, Ignyte Assurance Platform has emerged as an solution provider for managing governance, risk, and compliance (GRC), by making risk management easier for many professionals out there swamped with legacy systems, manual processes, and spreadsheets. The Ignyte Cyber Risk Management module, which automates risk management processes, is currently being deployed in several industries including healthcare, banking, retail, finance, insurance, utilities, energy, and the public sector ensuring that all threats are addressed in accordance with laws and regulations
Incisive Software
Incisive Software solutions are a pioneer in spreadsheet risk intelligence solutions which empowers customers by instilling confidence in their spreadsheets by reducing the risks associated. Finance and accounting solution concocts strategic initiatives to extinguish errors in critical business spreadsheets. Risk resilience feature diminishes errors and aids in unraveling hidden risks in internal auditing and tax filing. The solution automates iterative, high-effort activities concerned with validation spreadsheets to boost the team’s performance and free them to focus on strategic initiatives in regulatory compliances. Incisive’s risk resilient solution supports the organizations to utilize, transform, and draw insights from their business-critical spreadsheets
Infogix
Infogix is one of the best in class, customer-centric GRC solutions provider, which in its fourth decade has provided a variety of integrated and configurable tools to enhance the utilization of data in all sectors from customer service to marketing across the globe. Infogix’s Data3sixty is a smart platform that allows users to monitor, manage, and extract as an asset of the enterprise. With integrated advanced automation, machine learning, and data quality & analysis, the platform delivers real-time access and pumps up the attention to insights. Infogix gives the user the power to trust
Lockpath
Lockpath is a brainchild of GRC experts who understand the need for flexible, intuitive, and scalable GRC platforms. As a provider of GRC and infosec software, it serves fortune 500 companies as well as SMEs providing unparalleled customer service and satisfaction in the entirety of the projects. By offering KeyLight, an integrated risk management platform that will flexibly offset the company’s growing risk and seamlessly manage it, providing solutions immediately. Lockpath’s Keylight and Blacklight have transformed the process of compliance and receives the highest scores in four out of five critical capabilities in integrated risk management
Logicmanager
LogicManager does not only provide ERM software but also offers solutions to excel in business performance and all-round development. Its mission is to breakdown silos, equipped with the team of expert advisory analysts who provide integrated, clean, and efficient solutions to excel holistically. LockManager’s ERM SaaS platform is a composition consisting of nine fully integrated core solutions perfectly interlocked to cater to all aspects of the organization’s needs with a scalable program. Being a big believer of transparent pricing, they have steadily provided IT support and have grown along with their customers
Measuredrisk
MeasuredRisk has carved the path to assist leaders from both private and public firms in numerous fields combined with advanced data sciences. It has strived continuously to make sense of the world around us by shedding light on a predictable, sustainable future for all. MeasuredRisk was formed to solve the most complex problems which emphasize the enterprise, supply chain, diligence, and custom risks around the globe. With a multi-disciplinary view of the risks, the company has resolved quandaries in sectors like social, geopolitical, and environmental risks have been tackled with precision. MeasuredRisk has changed the art of risk detection and management with bespoke solutions
Medispend
MediSpend is a cloud-based provider of end-to-end HCP engagement and compliance management software solutions. The MediSpend Compliance Cloud supports organizations in their efforts to comply with global healthcare laws while driving value for business operations. From highly configured solutions to off-the-shelf, self-service systems, the organization is able to meet the needs of emerging biopharma and device companies and the most complex global pharmaceutical manufacturers. More than 100 pharmaceutical, biotech, medical device, and dental companies in 96 countries around the world rely on MediSpend to aggregate enterprise data securely and accurately to comply with global disclosure laws
Okera
Okera’s platform gives customers the ability to deliver broader access to data with finer grained access controls and better visibility. Okera’s Active Data Access Platform allows agility and governance to co-exist and gives data consumers, owners and stewards the confidence to unlock the power of their data for innovation and growth. This unique, enterprise-wide platform facilitates the provisioning, accessing, governing and auditing of data in today’s multi-cloud, multi-data format, and multi-tool world. The organization boasts of several Fortune 500 customers
Processunity
ProcessUnity’s cloud-based solutions help organizations of all sizes automate their risk and compliance programs. Their highly configurable, easy-to-use tools significantly reduce manual administrative tasks, allow customers to spend more time on strategic risk mitigation. As a software-as-a-service (SAAS) technology, ProcessUnity deploys quickly with minimal effort from customers and their IT resources. Its technology delivers faster, better results, and the ability to scale governance, risk, and compliance programs over time. ProcessUnity’s suite of applications includes Third-Party Risk Management, Policy and Procedure Management, Enterprise Risk Management, Regulatory Compliance Management, Product and Service Offer Management, and more
Qualys
Founded in 1999, Qualys has established strategic partnerships with managed service providers and consulting organizations including Accenture, BT, Cognizant Technology Solutions, Deutsche Telekom, Fujitsu, HCL, HP Enterprise, IBM, Infosys, NTT, Optiv, SecureWorks, Tata Communications, Verizon and Wipro. The company is also a founding member of the Cloud Security Alliance (CSA). Additionally, The Qualys Cloud Platform and its integrated applications assist businesses to simplify security operations and lower the cost of compliance by delivering critical security intelligence on demand and automating the full spectrum of auditing, compliance and protection for IT systems and web applications. Qualys is in business with over 11, 000 global organizations in more than 130 countries
