GRC Viewpoint

Top 10 Policy Management Solution Providers 2023

Policy management solutions are finding increased adaptability in different industries. These solutions are gaining importance in Telecom, healthcare, transport and many more. The ability to implement an effective policy management solution imparts several advantages, especially while controlling risk or implementing new policies. These are two of the critical features of any enterprise. Cloud-based policy management software seems to impact the industry in newer ways. The affinity toward cloud-powered policy management solutions will be a continuing trend in the policy management solutions industry.

Last year, the market for policy management software was worth US$1.5 billion. The market is likely to expand at a compound annual growth rate of 11.9% from 2023 to 2028. Policy management software hosted in the cloud is being actively leveraged by enterprises to enhance workflow across processes and sections. More automation is brought in. Overall, the entire process becomes highly efficient and autonomous. The implementation of policy management software needs to be a carefully carried out process. There is a wide range of policy management solution providers, making it tough to finalize an ideal one. We have formed a list of the top ten policy management solution providers in this edition.

Policy Management Solution Providers stand at the nexus of technology and regulatory landscapes, offering advanced tools and platforms to businesses worldwide. These companies specialize in streamlining the creation, distribution, and enforcement of corporate policies.

Leveraging state-of-the-art technologies like AI, machine learning, and cloud computing, they ensure compliance with ever-evolving regulatory norms, mitigate risks, and enhance operational efficiency. From automating policy lifecycles to offering real-time analytics, these solution providers are pivotal in shaping an organization’s governance, risk management, and compliance (GRC) strategies in a dynamic business environment.

PolicyCo adheres to industry accepted security standards to safeguard the data the lives in our platform. This program covers AWS infrastructure, change management, data encryption and vulnerability management through internal testing and third-party annual certification process.

PowerDMS stands out as a unique software platform tailored to recruit, train, equip, and safeguard employees throughout their professional journey. It offers solutions for challenges encountered by law enforcement, 9-1-1, fire, EMS, and related sectors. The platform not only simplifies internal operations but also enhances community interaction, enabling employees to excel both professionally and personally.

Onspring is a company dedicated to people-powered business automation. They specialize in creating business process automation software that enables individuals to innovate and tackle challenges autonomously. By turning intricate and repetitive BPM tasks into straightforward and efficient automations, Onspring significantly reduces time, cost, and inconvenience

NAVEX is a leading firm dedicated to paving the way for a prosperous future through intelligent governance, risk, and compliance (GRC) decisions. Recognized globally, more organizations rely on NAVEX for addressing their significant GRC challenges than any other provider. Their earned trust stands as a testament to their unparalleled expertise and WEBSITE impact in the field.

CFM Partners, Inc. is a premier Governance, Risk, and Compliance (GRC) technology provider. They offer cloud-based tools that promote effective GRC practices, aiming to inform companies for optimal decision-making. By merging deep industry expertise with innovative technology, CFM Partners ensures businesses are equipped to manage risks, enhance performance, and cut costs.

Delinea, formed by the merger of Thycotic and Centrify, offers an advanced Privileged Access Management (PAM) solution for complex IT infrastructures. Rooted in Zero Trust principles, they provide dynamic access controls, ensuring users have only the essential access for their roles. Their seamless security integrates effortlessly into daily operations, making it user-friendly while maintaining robust control for IT teams. Trusted by thousands globally, Delinea stands out for its blend of efficiency, security, and simplicity.

RLDatix is a healthcare technology company dedicated to enabling safer care. Their integrated software platform offers insights to improve various aspects of healthcare, spanning from compliance and risk to provider and workforce management. Adopting RLDatix’s solutions ensures better data access, predictive trend analysis, and an improved patient experience, all within a secure framework.

iContracts delivers integrated cloud-based solutions for contract management and compliance. Dedicated to enhancing collaboration and reducing costs, their platform stands out for its user-friendliness, scalability, and cost-effective ROI.

Workiva is a comprehensive platform specializing in a wide range of solutions from Capital Market Transactions to SEC Reporting. Catering to various teams, they offer solutions tailored for Accounting & Finance, Audit, Risk & Compliance, ESG & Sustainability, and Legal sectors. Industries like Banking, Energy and Utilities, Higher Education, and Insurance also benefit from their specialized services. Workiva takes an in-depth approach to Environmental, Social, and Governance (ESG) that transcends conventional financial and sustainability reporting.

LogicGate Risk Cloud® platform revolutionizes the GRC domain, providing a flexible and user-friendly approach. Users take the reins, utilizing the no-code app builder and pre-set templates to customize processes and workflows. This allows for efficient GRC task automation without the need for external consultants or IT intervention.