Top 10: Governance software

Updated: November 11, 2023

Governance software refers to a specialized category of computer programs designed to streamline and enhance the management, oversight, and decision-making processes within an organization. These software solutions are tailored to facilitate efficient governance by providing tools for data management, compliance tracking, and collaboration among stakeholders. Governance software often incorporates features such as document management, workflow automation, and audit trail functionalities to ensure transparency and accountability in decision-making. By centralizing information and automating routine tasks, these platforms empower organizations to enforce policies, adhere to regulatory requirements, and make informed decisions while fostering a more structured and compliant operational environment. Some of the most popular governance software options are listed below.

See also: Top 10 DLP software

2023. Compliance and risk management startup Certa raises $35M



Certa, a platform specializing in compliance, governance, and risk management for enterprises, has successfully secured $35 million in a Series B funding round. Addressing the costly consequences of noncompliance, which can lead to an average revenue loss of $4 million per non-compliance event, Certa employs an orchestration engine. This engine facilitates the involvement of stakeholders in risk-exposed business processes, bringing them onto the platform. Certa's solution involves providing a platform where third parties, including vendors, partners, and clients, can collaborate by sharing data and internalizing a company's compliance rules and risk policies. The platform delivers risk scoring reports, templates, and modules, along with third-party validations and questionnaires to assess risk and stay abreast of regulations. Additionally, Certa offers integrations enabling users to generate comprehensive risk management reports for their larger organizations.


2023. Hyperproof, a compliance and risk management startup, raises $40M



Hyperproof, a SaaS company specializing in risk and compliance management, has secured $40 million in funding. The corporate sector is increasingly intrigued by compliance offered as a service, mainly due to the emergence of new regulations, particularly those concerning data privacy. Hyperproof offers a comprehensive solution that combines a compliance data repository with a collaborative work management system. The company's objective is to streamline the execution of "non-strategic" compliance responsibilities related to approximately 85 compliance and governance frameworks. These frameworks include FedRAMP, the U.S. federal government's comprehensive compliance initiative for cloud services and products. Alongside adaptable controls for each framework, Hyperproof provides a range of software modules tailored to various risk and compliance management tasks. These include a risk management module, enabling centralized risk monitoring, and a compliance operations module, empowering team members to automate evidence collection (such as documenting compliance processes and outcomes) and identifying issues that require mitigation.


2023. Cypago, which aims to automate compliance and governance for companies, raises $13M



Cypago, a startup focusing on automating cybersecurity processes and workflows related to cyber governance, risk, and compliance, has successfully secured $13 million in funding. The platform is designed to seamlessly integrate with both cloud-based and on-premises environments, utilizing artificial intelligence to automate tasks associated with collecting and analyzing data concerning security, compliance, and privacy controls. Through no-code workflows, Cypago empowers customers to evaluate and test their security programs against established standards and common frameworks. One notable feature is its ability to parse a company's service documents to identify and address potential gaps in security policies. Additionally, Cypago offers access to an AI assistant named Co-Pilot, which responds to natural language queries about a company's overall cybersecurity and governance, risk, and compliance status.