What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in grc platforms category. Our data sources in grc platforms category include;
Governance, risk management and compliance (GRC) platforms provide HR, analytics and logistics departments with the tools they need to stay on top of an organization's risks, including operational risks, strategic risks, compliance risks, financial risks, employee safety risks and more.
If you’d like to learn about the ecosystem consisting of GRC Platforms and others, feel free to check AIMultiple Governance, Risk & Compliance.
AIMultiple is data driven. Evaluate 147 services based on
comprehensive, transparent and objective AIMultiple scores.
For any of our scores, click the information icon to learn how it is
calculated based on objective data.
*Products with visit website buttons are sponsored
iGrafx BPM—Business Process Management and Analysis solutions assist businesses in achieving continuous process improvement
Onspring is a no-code platform for process automation, workflow, collaboration and reporting.
We use the data sources on the side for ranking solutions and awarding badges in grc platforms category. Our data sources in grc platforms category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
AuditBoard
Netwrix Auditor
iGrafx
ETQ Reliance
MetricStream
Taking into account the latest metrics outlined below, these are the current grc platforms market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
AuditBoard
Netwrix Auditor
iGrafx
ETQ Reliance
MetricStream
These are the number of queries on search engines which include the brand name of the solution. Compared to other Governance, Risk & Compliance categories, GRC Platforms is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 88%, 11% more than the average of search queries in this area.
33 employees work for a typical company in this solution category which is 12 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 103 companies with >10 employees are offering grc platforms. Top 3 products are developed by companies with a total of 300k employees. The largest company building grc platforms is IBM with more than 300,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
Netwrix Auditor
AuditBoard
iGrafx
MetricStream
Diligent Board Management Software
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all GRC Platforms companies. The most positive word describing GRC Platforms is “Easy to use” that is used in 10% of the reviews. The most negative one is “Difficult” with which is used in 3.00% of all the GRC Platforms reviews.
According to customer reviews, most common company size for grc platforms customers is 1,001+ employees. Customers with 1,001+ employees make up 43% of grc platforms customers. For an average Governance, Risk & Compliance solution, customers with 1,001+ employees make up 29% of total customers.
These scores are the average scores collected from customer reviews for all GRC Platforms. GRC Platforms is most positively evaluated in terms of "Customer Service" but falls behind in "Ease of Use".
This category was searched on average for 32 times per month on search engines in 2022. This number has decreased to 30 in 2023. If we compare with other governance, risk & compliance solutions, a typical solution was searched 997 times in 2022 and this increased to 1k in 2023.