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

So, after I began noticing how typically threat reveals up quietly in delayed approvals, compliance critiques, or sudden dependencies, it bought me considering: how do enterprise groups keep forward of all this with out getting buried in it?

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

To write down this information on the finest enterprise threat administration software program, I reviewed suggestions on 20+ platforms, specializing in how nicely they deal with threat 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 may go fallacious.

Why these are the most effective enterprise threat administration software program

It’s straightforward to imagine threat 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 precise info on the proper time? Might 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 person critiques balanced each standards, which earned them a spot on this record.

What I regarded for in the most effective ERM software program

I thought of the next components when evaluating the most effective enterprise threat administration software program.

• Centralized threat visibility: A transparent, consolidated view of dangers throughout enterprise items 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, threat 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 regarded intently at platforms that provided built-in compliance workflows, doc administration, and automatic proof assortment for audits. The most effective instruments assist streamline management testing and make staying prepared for audit season year-round simpler.
• Assist for a number of threat sorts and frameworks: Each enterprise manages a mixture of dangers from operational and reputational to cyber and third-party. I evaluated how nicely every platform dealt with completely different threat classes and whether or not they provided versatile, customizable frameworks to assist numerous industries and use instances.
• Customization and scalability: I regarded for platforms that allowed tailor-made workflows, customized threat assessments, adaptable scoring fashions, and role-based permissions. The most effective enterprise threat 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 group. I prioritized platforms that supported collaboration between threat, compliance, IT, authorized, finance, and ops.
• Integrations and knowledge sharing: Whether or not pulling knowledge from human assets info system (HRIS), GRC, vendor administration, or cybersecurity instruments, the most effective ERM software program shouldn’t function in a vacuum. I centered on platforms that made connecting current methods straightforward, automated knowledge circulation, and eradicated guide entry throughout groups.
• Reporting and government insights: I additionally paid shut consideration to reporting instruments. The strongest platforms delivered clear, customizable reviews that helped flip uncooked knowledge into action-ready insights.

The record beneath comprises real person 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 comparable to monetary or well being and security
• Present instruments to speak dangers to staff, prospects, distributors, and suppliers
• Create, preserve, 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 applications and duties
• Guarantee enterprise continuity administration by way of incident administration and threat mitigation
• Ship coaching and studying for compliance functions, together with certifications
• Carry out third-party, vendor, and provider threat assessments and due diligence
• Assist a number of threat administration methodologies, comparable to 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.

1. AuditBoard

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

One of the vital constant themes I seen in G2 critiques was how straightforward AuditBoard is to make use of. Reviewers repeatedly known as out its intuitive structure, clear UI, and the truth that even new group members might 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 group.

Audit administration was a frequent subject 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 seen a number of customers mentioning how responsive and educated the assist group is, significantly throughout onboarding or when rolling out new options. Just a few even mentioned that accessing useful reps made the distinction between a rocky and a easy implementation.

That mentioned, not every part is seamless. Whereas the interface will get excessive marks total, reviewers famous a studying curve in terms of a few of the extra superior or newer options. A number of talked about that documentation or coaching assets might 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 a couple of 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 are impacting customers, and generally we solely discover out after we submit a service desk ticket. Examples embody occasions once we couldn’t obtain our testing paperwork, and this was a identified concern affecting a number of prospects, but we didn’t study that this concern was being labored on till after a ticket was submitted. Buyer assist does do nicely with working with you as soon as a ticket is submitted, which is optimistic; I simply suppose they might be extra proactive.”

– AuditBoard Overview, Nick N.

2. Workiva

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

One factor that got here by way of strongly within the G2 critiques I evaluated was how nicely Workiva handles reporting. Customers constantly known as out how straightforward it’s to hyperlink knowledge, construct reviews, and preserve consistency throughout every part from threat matrices to board-level summaries. In response to G2 suggestions, the platform appears significantly well-suited for big groups that must hold every part audit-ready with out chasing spreadsheets.

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

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

Nevertheless, 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 might take time to get solely 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 methods.

What I dislike about Workiva:

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

What G2 customers dislike about Workiva:

“Fairly often, connection may be very sluggish. There are options to be improved comparable to – formulation, pivots. Additionally, there isn’t any present technique to share paperwork with an enormous group of individuals with out giving entry to every one to Workiva – for instance, a gaggle of 10000 folks inside one group.”

– Workiva Overview, Kristian T.

3. Scrut Automation

Scrut Automation is a compliance and threat administration platform designed to assist firms simplify their audit readiness processes throughout frameworks like ISO 27001, SOC 2, and GDPR. It’s particularly in style with fast-growing groups seeking to change guide monitoring with one thing extra structured and automatic.

As I learn by way 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, simple, and easy to navigate. It helps groups keep engaged without having lengthy onboarding classes.

Automation additionally stood out throughout the critiques I checked out (it is within the title). Scrut helps streamline recurring duties like proof assortment, threat 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 every part manually.

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

Some reviewers identified that Scrut’s threat administration options aren’t as versatile as they’d like. Just a few famous challenges in categorizing dangers or adapting frameworks to their particular organizational setup.

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

What I dislike about Scrut Automation:

• Some reviewers mentioned the danger administration options weren’t as versatile or constructed out as different areas. If I had been working a extra complicated ERM program, I’d wish to discover that fastidiously.
• I additionally noticed a couple of feedback about occasional bugs or sluggish load occasions. It’s not a dealbreaker, however I’d wish to make sure efficiency stays constant over time.

What G2 customers dislike about Scrut Automation:

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

– Scrut Automation Overview, Sandeep S.

4. Hyperproof

Hyperproof helps organizations handle threat, 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 give attention to proof administration and ongoing monitoring.

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

Proof assortment was additionally a typical energy theme. In response to the critiques I combed by way of, the platform makes it straightforward to assign duties, add proof, and monitor audit progress with out continually 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 group 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 type of partnership could make or break the expertise.

There have been, nevertheless, some mentions of a studying curve. Just a few customers famous that it took time to totally perceive arrange applications or unlock the platform’s full potential, extra so for groups managing complicated threat eventualities.

Customization limitations additionally got here up in critiques, significantly round dashboards and templates. Some customers felt restricted in how a lot they might 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 need a stable onboarding plan in place to benefit from it.
• I additionally got here throughout suggestions about restricted dashboard customization. If you wish to get extremely tailor-made views or reviews, you have to affirm what’s potential upfront.

What G2 customers dislike about Hyperproof:

“The dashboard lacks customization choices, and the interior reporting function falls wanting expectations, as additionally it is non-customizable. Hyperproof’s urged answer is to make use of Snowflake integration to extract knowledge and generate reviews. Moreover, a customizable, template-based questionnaire for assessments just isn’t out there.”

– Hyperproof Overview, Sathish S.

5. Fusion Framework System

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

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

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

I additionally seen 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 mentioned, attending to that time takes some effort. I got here throughout a couple of critiques that point out a steep studying curve throughout implementation, particularly when establishing extremely personalized applications.

Buyer assist got here up in a couple of critiques as an space that would enhance. Whereas not a dealbreaker, some customers mentioned 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 wish to be certain that there is a clear implementation plan in place.
• Just a few critiques talked about assist might be extra proactive. If I had been managing a time-sensitive rollout, I’d wish to double-check the extent of assist out there.

What G2 customers dislike about Fusion Framework System:

“An space that Fusion Framework System might contemplate revising is the graphical person interface as a result of it’s quite medley to novice customers. This has made the educational technique of the group sluggish 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 potential to totally unlock worth from the software program capabilities as desired.”

– Fusion Framework System Overview, Martin B.

6. IBM OpenPages

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

One of the vital constant patterns I noticed in G2 critiques was OpenPages’ energy in threat 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 threat oversight must be hermetic.

One other standout function throughout the critiques I learn was the integration with IBM Watson. In response to 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 method appears to set OpenPages aside from extra conventional GRC methods.

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

All mentioned and performed, OpenPages isn’t one thing most groups can roll out in a single day. A number of critiques referenced a fancy 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 assets to handle a large-scale deployment.

Price got here up a couple of occasions as nicely. Whereas reviewers didn’t name it out as a significant concern, a couple of talked about that the value level and useful resource necessities could be higher fitted to giant enterprises than mid-sized groups.

What I dislike about IBM OpenPages:

• Implementation feels like a mission in itself. Earlier than taking it on, I’d wish to guarantee we had the precise inside assist.
• Price wasn’t the most important grievance, nevertheless it did come up. For a mid-sized enterprise, I’d in all probability must weigh the long-term worth towards the preliminary funding.

What G2 customers dislike about IBM OpenPages:

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

– IBM OpenPages Overview, Vishal D.

Incessantly requested questions on ERM software program

1. What’s the finest enterprise threat administration software program?

It relies on what your group 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 ideal match for inside audit groups. Workiva excels in reporting and cross-team collaboration, particularly in regulated industries.

2. What’s the finest enterprise threat administration software program for banks?

For banking and monetary companies, IBM OpenPages and Workiva are two robust decisions. OpenPages is designed for enterprise-scale implementations and helps sturdy threat modeling, compliance monitoring, and integration with IBM Watson for automation. Workiva, however, affords wonderful 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 may contemplate a couple of 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 group constructions threat and compliance internally.

4. Which ERM instruments are finest for compliance automation?

Scrut Automation, Hyperproof, and Workiva are all stable picks for groups seeking 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 threat administration instruments supply the most effective reporting options?

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

Dangerous enterprise? Not anymore

Managing threat doesn’t must imply infinite spreadsheets and crossed fingers. The most effective enterprise threat 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 way of the suggestions to floor what works (and what doesn’t) so you may spend much less time evaluating platforms and extra time constructing a program that works.

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