The Best 5 Internal Control Software

What is Internal Control? 

Internal control refers to a set of policies, procedures, practices, and mechanisms implemented within an organization to safeguard its assets, ensure the accuracy and reliability of financial reporting, improve and promote compliance with laws and regulations. The primary objectives of internal control are to prevent or detect errors, fraud, or irregularities in an organization’s operations and financial processes, as well as to ensure that the organization’s resources are used efficiently and effectively.  The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines internal control as follows: 

Internal control is a process, affected by an entity’s board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

• Effectiveness and efficiency of operations
• Reliability of financial reporting
• Compliance with applicable laws and regulations

This definition emphasizes that internal control is not just a set of procedures or policies but a broader process that involves the collective efforts of an organization’s leadership, management, and personnel to ensure that the organization can achieve its operational, financial, and compliance objectives with a reasonable level of assurance. It encompasses various activities and measures aimed at safeguarding assets, maintaining the accuracy of financial records, and adhering to legal and regulatory requirements. 

Internal control mechanisms often include segregation of duties, proper authorization and approval processes, physical security measures, documentation and record-keeping, and regular monitoring and evaluation of the control environment. Effective internal control systems are essential for maintaining the integrity of an organization and minimizing risks related to financial mismanagement and other operational issues.

Key takeaways (TL;DR)

• Discover how internal control ensures accuracy, compliance, and safeguarding of organizational assets through policies and processes.
• Explore how internal control software automates, monitors, and optimizes controls to reduce risks and improve compliance.
• See how VComply leads the market with centralized dashboards, automated workflows, and AI-driven control management.
• Understand how other notable platforms—SAP, Resolver, Standard Fusion, and Workiva—offer advanced internal control and compliance capabilities.
• Learn how to choose the right internal control software depends on scalability, integration, and regulatory needs.

Highlights (TL;DR)

This blog speaks about what internal controls are and which are the top internal control software in 2025.  Internal control’s definition emphasizes that internal control is not just a set of procedures or policies but a broader process that involves the collective efforts of an organization’s leadership, management, and personnel to ensure that the organization can achieve its operational, financial, and compliance objectives with a reasonable level of assurance. It encompasses various activities and measures aimed at safeguarding assets, maintaining the accuracy of financial records, and adhering to legal and regulatory requirements. VComply is considered the top internal control software with its capability to automate controls and measure their performance with an oversight.

What is Internal Control Software? 

Internal Control Software is a specialized software solution designed to help organizations establish, monitor, and optimize their internal control processes. It assists in the management and automation of internal controls, which are crucial for ensuring the accuracy and reliability of financial reporting, preventing fraud, and complying with laws and regulations. 

VComply 

VComply is a leading cloud-based GRC platform that helps streamline organizations’ compliance and risk management programs with a strong focus on collaboration. 

Control management refers to setting standards, checks and measuring the actual performance and exercising corrective action. The organization needs to install processes and guide the teams to achieve progress and move towards established goals. The major aim for installing control function is to make progress towards organizational goals. An assessment is done to establish the risks involved, necessary controls are implemented to tackle and mitigate the risks. The manager monitors the effectiveness of the controls by measuring their performance, if the performance is not satisfactory, then changes are introduced. Controls help organizations achieve their goals and manage the functions effectively and manage compliance with standards and regulations. 

Features 

• Dashboard- Gain total visibility into your compliance and risk data with visual dashboards and heatmaps.  Establish a single source of truth, easily track details such as compliance performance, due diligence score, top risks, risks without controls, risk ratings, and audit results. 
• Document & File- Streamline evidence collection, upload files and documents, consolidate and share all the requirements requested by an external or internal auditor to demonstrate compliance readiness. 
• Calendar- Simplify and centralize the scheduling of compliance, audit, risk and incident management activities using the VComply Calendar, set reminders and receive notifications for upcoming compliance activities and deadlines. 
• Notifications & Alerts- Enable proactive compliance management by leveraging notifications and alerts that keep your organization informed about upcoming deadlines, submission requirements, or policy updates. 
• Escalations- Escalate incidents or pending compliance tasks to relevant stakeholders, facilitate timely attention and action. 
• Framework Library- Leverage VComply’s in-built compliance framework library and a range of pre-configured controls to help organizations implement frameworks and align with their regulatory requirements. 
• Assessments- Plan, automate, and perform inherent and residual risk assessments in a streamlined manner. 
• Audit Logs- Demonstrate compliance by easily retrieving information and evidence when needed, the control workroom maintains audit logs for historical data, allowing users to track the logs for audits, investigations, or reporting purposes. 
• Workflow Automation- Improve compliance efficiency with automated workflows, evidence upload, and progress tracking. 
• Collaboration- Enable seamless cross-functional collaboration by streamlining user onboarding, create groups from different locations, departments, and teams fostering cross-functional collaboration on compliance projects. 
• Centralization- VComply simplifies compliance activity centralization by providing a single space to centralize all activities, evidence, reports, and insights. 
• Reporting & Insights- Simplify the generation of tailored compliance reports through a dedicated reporting section. 

Pricing 

VComply offers a sensitive pricing strategy.

It offers three plans- 

• Starter GRC Suite
• Pro GRC Suite 
• Enterprise GRC Suite

Get a custom quote 

For more information, book a free trial or a custom demo.

SAP 

SAP Process Control is one of the core applications offered by SAP that supports the three lines framework. This framework clearly defines the roles and accountabilities for operating management, corporate departments, and internal audit departments responsible for adding and preserving business value. 

With SAP Process Control, you can benefit from continuous control monitoring that enables you to: 

• Automate key compliance and control activities to prioritize resources and reduce costs
• Provide continuous insight into the status of compliance and controls for faster, more effective action
• Help ensure confidence in your compliance and boost business process performance

Features 

• Unified repository for process control information- Establish a single platform to manage multiple regulatory policies and compliance procedures, while optimizing control assessment and testing activities. 
• Streamlined business processes- Align internal controls and policies with business objectives and risks, oversee key business processes, and monitor high transaction volumes in real time. 
• Comprehensive control evaluations- Improve compliance and control processes by performing comprehensive control evaluations, managing the complete policy lifecycle, and streamlining issue management. 
• Automated workflows and notifications- Reduce manual intervention and enable a rapid response to control exceptions, while involving appropriate stakeholders in relevant tasks. 
• Interactive forms- Support offline procedures with interactive forms for tasks, such as testing and sign-offs, and enable the distribution of policies and surveys. 
• Continuous control monitoring- Monitor data through scheduled processes or in real time, while integrating with SAP and third-party systems using connectors, Web services, or views from SAP HANA.

Pricing 

SAP GRC starts at US$6,000.

Get a custom quote

Resolver 

Resolver is a cloud-based security solution that aids organizations in mitigating uncertainty surrounding their decision-making processes. This versatile tool is frequently employed in the domains of Governance, Risk, and Compliance (GRC), as well as in the realms of audits and financial risk management. It finds its most valuable applications across a wide range of industries, including but not limited to financial institutions, healthcare, academic institutions, utilities, manufacturers, hospitality, high tech, retail, and many more. 

Resolver’s Internal Controls Management app allows businesses to represent their numbers fairly by ensuring that the key controls placed over the organization’s financial reporting are designed and operating effectively. This is done by giving users a full view of the organization’s financial statement accounts, their interdependencies, and key information; the ability to perform operating effectiveness testing for controls; and the ability to easily collect certifications from key stakeholders. 

This app also empowers front-line employees to update essential controls, processes, and document requests. This enables the internal controls team to focus the majority of their efforts on control testing and improve efficiency throughout the organization. 

Internal Controls Management can be used as a standalone option, but when used with other Resolver’s other GRC products, such as Compliance Management and Risk Management, organizations gain a robust system to manage and assess business risks. 

Features 

• Integrations 
• Process Automation 
• Data Warehousing 
• Workflow Automation 
• Analytics 
• Automated Reporting 

Pricing 

Get custom quote

StandardFusion 

StandardFusion is a cloud-based SaaS GRC application designed to make security and compliance simple and approachable. Designed to allow organizations to quickly and easily manage their GRC program, operational risk, manage their organizations controls, control testing and follow best practices.

StandardFusion helps define, document, map, test, review, and report on the controls within your organization. StandardFusion GRC software makes managing organization specific controls simple. Easily find the controls you need by grouping them via catogorizes, tags, and folders.

Features 

• Workflow 
• Regulatory Change Management 
• Notifications 
• Centralized data
• Integration 

Pricing 

StandardFusion offers four pricing plans- 

• Starter-$1,500/mo 
• Professional-$2,500/mo 
• Enterprise-$4,500/mo 
• Enterprise+ – Starting at $8,000/mo 

Workviva 

Workiva is a cloud-based reporting platform that globally connects an organization’s workforce with its data sets and data sources.

Workviva is a one-stop shop for internal controls management. All data, processes, and key collaborators including external auditors are connected in one GRC platform. Workviva saves time and drives efficiency by automating control testing and workflows for Sarbanes-Oxley (SOX) compliance, UK SOX, JSE 3.84(k), SCIIF, SCIINF, J-SOX, L262/05, and more. It allows to manage and monitor controls over non-financial data to drive effective, transparent ESG reporting. 

Features 

• Connect key collaborators 
• Save time on repetitive tasks 
• Drive governance through effective integrated reporting

Pricing 

Get Custom Quote

Discover what makes VComply a top G2 high performer in the GRC platform category. Book your demo now and explore its robust capabilities.

Frequently Asked Questions (FAQs) – Best Internal Control Management Software

1. What is internal control management software?

Internal control management software helps organizations design, document, monitor, and enforce internal controls to reduce risks, improve accountability, and ensure compliance with frameworks such as SOX, COSO, ISO, and NIST. It centralizes processes, automates workflows, and creates audit-ready evidence trails.

2. Why do companies need internal control software?

Companies need internal control management software to minimize fraud, strengthen financial reporting, meet regulatory requirements, and maintain operational efficiency. Manual spreadsheets often lead to errors and lack audit trails, while software ensures consistency, transparency, and accountability.

3. What features should I look for in the best internal control software?

Key features include:

• Centralized repository for controls and policies

• Automated workflows for approvals and testing

• Risk and compliance integration (SOX, COSO, ISO 27001)

• Role-based access control

• Real-time monitoring and dashboards

• Audit-ready logs and reporting

• AI-enabled control testing and gap detection

4. How does internal control software help with SOX compliance?

Internal control management software streamlines SOX compliance by automating control testing, documenting financial reporting processes, tracking ownership, and producing clear audit trails. This reduces preparation time for auditors and helps avoid penalties.

5. Can internal control management software integrate with other systems?

Yes. Leading platforms integrate with ERP systems (SAP, Oracle, NetSuite), HR systems, risk management tools, and document management platforms. This ensures controls are mapped directly to financial, operational, and compliance processes.

6. Which industries benefit most from internal control software?

While all industries benefit, internal control software is especially critical for:

• Financial services and banking

• Healthcare and pharmaceuticals

• Energy and utilities

• Manufacturing

• Government and public sector

• Retail and e-commerce

7. How does AI improve internal control management?

AI-enabled internal control software can:

• Draft and recommend controls aligned to frameworks

• Detect anomalies or control failures

• Predict high-risk areas before audits

• Automate testing and evidence collection

This reduces manual effort and makes compliance more proactive.

8. How do I choose the best internal control management software?

Consider:

• Regulatory frameworks you must comply with (SOX, COSO, ISO, NIST)

• Scalability (SMB vs enterprise needs)

• Ease of use and adoption by control owners

• Integration with existing systems

• Support and training provided by the vendor

• Transparent pricing and total cost of ownership

9. Is internal control software only for large enterprises?

No. Many solutions offer flexible tiers for small and mid-sized businesses. Even smaller firms benefit from automation, especially if they face regulatory audits or rapid growth.

10. What makes VComply one of the best internal control management software solutions?

VComply offers:

• AI-driven control drafting and monitoring

• Centralized control repository with audit trails

• Seamless integration with risk and compliance workflows

• Automated task reminders and ownership tracking

• Real-time dashboards for visibility across sites

• Affordable plans with a 21-day free trial