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

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

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

To write down this information on the greatest enterprise danger administration software program, I reviewed G2 reviewers’ 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 talent to assist groups transfer ahead with out second-guessing what may go incorrect.

Why these are the perfect enterprise danger administration software program

It’s straightforward to imagine danger administration is all about compliance, however the extra I explored, the extra I spotted 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 concentrate on readability can also be mirrored within the broader market. Valued at $5.06 billion in 2024, the market is predicted to hit $7.72 billion by 2032, rising at a gentle 5.40% CAGR.

I additionally stored this readability in thoughts whereas evaluating the perfect instruments. I wasn’t simply on the lookout for software program that might observe 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 best info 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 supplied loads of flexibility however lacked the construction groups wanted to scale. Those that stood out based mostly on what I discovered in person evaluations balanced each standards, which earned them a spot on this checklist. Alongside danger administration platforms, my teammate additionally recommends the prime id verification software program that helps stop fraud.

What I appeared for in the perfect ERM software program

I thought-about the next components when evaluating the main ERM software program options out there.

• 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 appeared intently at platforms that supplied 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.
• Help for a number of danger sorts 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 supplied versatile, customizable frameworks to assist varied industries and use instances.
• Customization and scalability: I appeared for platforms that allowed tailor-made workflows, customized danger assessments, adaptable scoring fashions, and role-based permissions. The most effective 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 group. I prioritized platforms that supported collaboration between danger, compliance, IT, authorized, finance, and ops.
• Integrations and information sharing: Whether or not pulling information from human sources info programs (HRIS), GRC, vendor administration, or cybersecurity instruments, the perfect ERM software program shouldn’t function in a vacuum. I centered on platforms that made connecting current programs straightforward, automated information circulation, and eradicated handbook entry throughout groups.
• Reporting and government insights: I additionally paid shut consideration to reporting instruments. The strongest platforms delivered clear, customizable stories that helped flip uncooked information into action-ready insights.

The checklist beneath comprises real person evaluations from the ERM software program class web page. To be included on this class, an answer should:

• Catalog, assess, and mitigate business-specific dangers resembling 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 trade requirements
• Assist customers plan, implement, and observe the efficiency of audit packages and duties
• Guarantee enterprise continuity administration via 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, resembling quantitative and qualitative
• Collect and analyze environmental, social, and governance (ESG) information from varied sources

*This information was pulled from G2 in 2025. Some evaluations could have been edited for readability.

AuditBoard is a danger and compliance platform that’s broadly used for inside audit, SOX, and enterprise danger administration. It’s designed to assist groups handle controls, observe documentation, and collaborate on audit workflows from one centralized area. Based on G2 Information, 62% of its customers come from enterprises and 23% from mid-market corporations, notably in monetary providers, insurance coverage, and IT.

Some of the constant themes I observed in G2 evaluations 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 manner 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 house owners exterior the audit group.

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 evaluations. I observed a number of customers stating how responsive and educated the assist group is, notably throughout onboarding or when rolling out new options. Just a few even stated that gaining access to useful reps made the distinction between a rocky and a easy implementation.

That stated, not all the things is seamless. Whereas the interface will get excessive marks general, G2 reviewers famous a studying curve in the case of a number of the extra superior or newer options. A number of talked about that documentation or coaching sources might be improved for groups scaling up or including extra modules.

One other theme that popped up within the evaluations I evaluated was associated to syncing and integrations. A number of customers talked about points connecting AuditBoard with exterior instruments, primarily reporting or information visualization platforms. Some discovered the sync inconsistent, which created friction throughout audits or government reporting cycles. That stated, many nonetheless discovered the core platform dependable for centralizing danger and audit information.

Total, AuditBoard is a powerful selection for enterprises searching for a user-friendly platform that integrates danger and audit administration whereas sustaining flexibility for scaling.

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 persistently.

What G2 customers dislike about AuditBoard:

“AuditBoard doesn’t do the perfect with letting purchasers learn about points occurring inside their system which are impacting customers, and generally we solely discover out after we submit a service desk ticket. Examples embrace instances after we couldn’t obtain our testing paperwork, and this was a recognized challenge affecting a number of prospects, but we didn’t be taught that this challenge 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 assume they might be extra proactive.”

– AuditBoard Evaluation, Nick N.

Workiva is an enterprise platform recognized for simplifying complicated reporting, compliance, and danger workflows. Finance, audit, and danger groups use it to handle controls, collaborate on paperwork, and align reporting with regulatory necessities. G2 adoption information exhibits that 51% of its customers come from enterprise corporations and 37% from mid-market corporations, with robust adoption in monetary providers, accounting, and banking.

One factor that got here via strongly within the G2 evaluations I evaluated was how properly Workiva handles reporting. Customers persistently known as out how straightforward it’s to hyperlink information, construct stories, and preserve consistency throughout all the things from danger matrices to board-level summaries. Based on G2 suggestions, the platform appears notably well-suited for big groups that must maintain all the things audit-ready with out chasing spreadsheets.

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

Reviewers additionally usually described Workiva as their “single supply of reality.” I noticed a number of mentions of model management, information linking, and the flexibility 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. Whereas the basics are approachable, for groups new to ERM software program or these with out devoted platform assist, it might take time to get totally on top of things. Nonetheless, most agreed that after issues are set, the effectivity beneficial properties are substantial.

I additionally got here throughout a number of evaluations 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 programs. However, reviewers additionally acknowledged that the upfront funding pays off as soon as Workiva is established because the central hub for reporting and compliance.

Workiva stands out as a strong choice for enterprises that prioritize linked reporting, robust collaboration, and audit-ready documentation throughout danger and compliance workflows.

What I dislike about Workiva:

• A number of evaluations talked about the educational curve, particularly for brand spanking 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, the connection may be very gradual. There are options to be improved, resembling formulation and 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 Evaluation, Kristian T.

Scrut Automation is a compliance and danger administration platform designed to assist corporations 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 exchange handbook monitoring with one thing extra structured and automatic. G2 Information signifies that it’s hottest in pc software program, IT, and monetary providers, with 44% of customers from small companies and 54% of customers from mid-market corporations.

As I learn via G2 evaluations, one factor that got here up usually 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 with no need lengthy onboarding periods.

Automation additionally stood out throughout the evaluations 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 evaluations, particularly in comparison with doing all the things manually.

One other robust theme was the platform’s built-in assist for frameworks like ISO 27001 and SOC 2. Based mostly on person suggestions, Scrut appears to return pre-configured with lots of what groups must get began: insurance policies, controls, and activity templates, in order that they don’t should construct their packages from scratch.

Some customers felt Scrut’s danger administration options might be extra versatile. Just a few G2 reviewers famous challenges in categorizing dangers or tailoring frameworks to particular organizational setups, although many nonetheless valued the automation for conserving audits on observe.

I additionally got here throughout mentions of occasional slowness or minor bugs within the UI. Whereas not widespread, reviewers managing excessive volumes of information talked about this might add friction, however most agreed the general effectivity beneficial properties outweighed these small points.

Scrut Automation is a powerful match for small and mid-sized groups that wish to automate compliance, cut back handbook work, and keep audit-ready with much less overhead.

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 had been operating a extra complicated ERM program, I’d wish to discover that rigorously.
• I additionally noticed a couple of feedback about occasional bugs or gradual load instances. 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 instances, there’s a delay in syncing adjustments inside Google Workspace (G Suite), resembling newly added staff, so it creates confusion as to why my worker depend is displaying much less.”

– Scrut Automation Evaluation, Sandeep S.

Hyperproof helps organizations handle danger, streamline compliance, and keep audit-ready throughout a number of frameworks. It’s usually utilized by groups navigating SOC 2, ISO 27001, HIPAA, and different requirements, with a powerful deal with proof administration and ongoing monitoring. Based on G2 Information, 55% of its buyer base consists of mid-market corporations, whereas 32% are from enterprises in sectors resembling IT, pc software program, and community safety.

As I reviewed G2 suggestions, I observed how usually 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. Based on the evaluations I combed via, the platform makes it straightforward to assign duties, add proof, and observe 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 usually customers talked about the Hyperproof group itself. I noticed a number of evaluations 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.

Some G2 reviewers did point out a studying curve, particularly when establishing new packages or dealing with extra complicated danger situations. Whereas the fundamentals had been straightforward to understand, it generally took further time for groups to get probably the most out of the platform’s superior capabilities.

Customization was one other theme within the suggestions. Customers stated they want extra flexibility in adapting dashboards and templates to suit their processes, although many famous the present choices nonetheless labored properly for core compliance administration.

In the long run, Hyperproof stands out as a dependable selection for organizations searching for an evidence-first compliance platform, backed by robust assist and complete framework protection.

What I dislike about Hyperproof:

• A number of customers famous a studying curve, particularly throughout early implementation. I’d most likely 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 stories, you need to affirm what’s doable upfront.

What G2 customers dislike about Hyperproof:

“The dashboard lacks customization choices, and the inner reporting function falls wanting expectations, as it is usually non-customizable. Hyperproof’s instructed resolution is to make use of Snowflake integration to extract information and generate stories. Moreover, a customizable, template-based questionnaire for assessments isn’t out there.”

– Hyperproof Evaluation, Sathish S.

Fusion Framework System is constructed for danger and resilience groups managing complicated operations, incidents, and continuity planning. Massive enterprises use it to centralize danger processes and put together for potential disruptions. Based mostly on G2 Information, the software program is in style within the monetary providers, automotive, and IT industries, with nearly all of its customers coming from mid-market corporations (52%).

Throughout the G2 evaluations I examined, danger administration persistently emerged as a powerful level. Customers shared how Fusion helps them keep on prime of danger assessments, observe 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 situations, strengthening groups’ operational resilience. It appears to supply the type 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 operating. Customers described the interface as adaptable, notably when configuring dashboards or navigating day-to-day workflows.

Nevertheless, some customers acknowledged that attending to that time requires effort. A handful of G2 reviewers famous a steep studying curve throughout rollout, notably for extremely personalized packages.

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

Fusion Framework System is a reliable selection for enterprises searching for centralized danger visibility, stronger continuity planning, and an adaptable platform to handle resilience at scale.

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 evaluations talked about that 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 moderately medley to novice customers. This has made the educational strategy of the group gradual and required extra coaching to get aware of and make the most of all of the options of the app. Furthermore, the software program has just about each setting adjustable, with its administration time-consuming and generally requiring professional-level data. Such components have at instances restricted the flexibility to completely unlock worth from the software program capabilities as desired.”

– Fusion Framework System Evaluation, Martin B.

IBM OpenPages permits organizations to handle complicated danger, compliance, and audit workflows. It’s constructed for scale, with deep performance throughout danger domains and integrations with IBM’s AI and information platforms. G2 Information signifies that their prime two buyer segments are small companies (35%) and mid-market corporations (37%), primarily within the pc software program, IT, and banking industries.

Some of the constant patterns I noticed in G2 evaluations 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 function throughout the evaluations 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 information. That AI-driven method appears to set OpenPages other than extra conventional GRC programs.

There have been additionally indicators that OpenPages can assist a variety of danger sorts. Whereas reviewers didn’t all the time checklist them out straight, I noticed mentions of modules for third-party danger administration, incident monitoring, coverage administration, and audit duties. 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 accomplished, OpenPages isn’t one thing most groups can roll out in a single day. A number of evaluations 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 corporations with the sources to handle a large-scale deployment.

Price got here up a couple of instances as properly. Whereas some reviewers famous that the value level and useful resource necessities could also be higher suited to giant enterprises, it’s price noting {that a} vital share of its customers are small companies. This means that even with price concerns, many smaller organizations nonetheless discover OpenPages beneficial sufficient to undertake.

IBM OpenPages stands out as a sturdy, AI-driven GRC platform constructed for organizations that need whole danger visibility and have the sources to handle enterprise-scale governance and compliance.

What I dislike about IBM OpenPages:

• Implementation seems like a mission in itself. Earlier than taking it on, I’d wish to guarantee we had the best inside assist.
• Price wasn’t the largest grievance, but it surely did come up. For a mid-sized enterprise, I’d most likely must weigh the long-term worth in opposition to 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 Evaluation, Vishal D.

Based mostly on my analysis of G2 evaluations, AuditBoard and Workiva persistently stand out. These are the enterprise danger administration providers most companies advocate. AuditBoard is praised for its user-friendly interface and robust audit capabilities, making it an important match for inside audit groups. Workiva excels in reporting and cross-team collaboration, particularly in regulated industries.

Q2. Which ERM instruments are greatest 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.

Q3. Which ERM software program is greatest for monetary providers and banks?

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

This fall. Which ERM instruments are beneficial for insurance coverage corporations?

Based mostly on what I’ve seen in G2 evaluations, insurance coverage corporations 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 buildings danger and compliance internally.

Q5. Which enterprise danger administration instruments supply the perfect reporting options?

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

Q6. What are the perfect ERM instruments for SMBs?

Based on G2 adoption information, AuditBoard and Scrut Automation are broadly utilized by small and mid-sized companies. AuditBoard is valued for its ease of use, whereas Scrut helps lean groups keep audit-ready with automation. Curiously, regardless of pricing considerations, IBM OpenPages additionally has 35% of its customers from small companies, displaying its enchantment past enterprises.

Q7. What’s the greatest enterprise danger administration software program for tech corporations?

Tech and SaaS corporations usually flip to Scrut Automation and Hyperproof. Scrut is constructed for cloud environments and automates safety checks, whereas Hyperproof helps fast-growing SaaS groups handle overlapping frameworks and streamline audits.

Q8. What’s the greatest enterprise danger administration platform for startups?

Startups and fast-growing corporations usually select Scrut Automation or Hyperproof. Scrut automates compliance for lean groups, whereas Hyperproof scales simply as startups broaden into new frameworks or industries.

Q9. Which enterprise danger administration software program is best to implement?

Based on G2 evaluations, Fusion Framework System stands out for its guided workflows that assist groups roll out resilience and continuity packages with out ranging from scratch. For bigger enterprises with complicated wants, IBM OpenPages can also be extremely rated. Its implementation can take extra effort, however reviewers word that its scalability and customizable modules ship robust worth as soon as in place.

Q10. What are the top-rated ERM instruments for medium-sized companies?

Based mostly on G2 Information, Workiva, Scrut Automation, and Hyperproof are top-rated selections for mid-market corporations. Workiva is broadly adopted for its linked reporting and collaboration options. Scrut Automation is valued for automating compliance throughout frameworks like SOC 2 and ISO 27001. Hyperproof is in style for managing a number of frameworks in a single place with robust proof assortment and buyer assist.

Dangerous enterprise? Not anymore

Managing danger doesn’t should imply limitless spreadsheets and crossed fingers. The most effective 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 mirror what actual customers truly worth. I’ve combed via 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 danger? Discover the greatest third-party and provider danger administration software program to remain forward of provider points and exterior dependencies.