Risk Management Software

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Compare the Top Risk Management Software for 2019

Compare the best Risk Management Software currently available using the table below.

  • 1
    SecureWatch Icon

    SecureWatch

    RiskWatch

    RiskWatch risk assessment and compliance management solutions use a survey-based process for physical & information security in which a series of questions are asked about an asset and a score is calculated based on responses. Additional metrics can be combined with the survey score to value the asset, rate likelihood, and impact. Assign tasks and manage remediation based on survey results. Identify the risk factors of each asset you assess. Receive notifications for non-compliance to your custom requirements and any relevant standards/regulations.

    Starting Price: $90/month/user Partner badge
  • 2
    WipeDrive Icon

    WipeDrive

    WhiteCanyon Software

    WipeDrive allows home users, corporations and government entities to securely and permanently erase data from hard drives, removable media, and mobile devices, providing a cost-effective, secure, and socially responsible way of recycling and retiring computer storage. WipeDrive is the world leader in secure data destruction.

    Starting Price: $19.95/one-time/drive Partner badge
  • 3
    Direct Claim Solution Icon

    Direct Claim Solution

    Innovative Computer Systems

    Claims and Litigation management software for Captive or Risk Retention Group property and casualty claims. Direct Claim Solution is a complete system with claims, policy and vendor management for Self-Insured, Captive or Risk Pool programs. Offers industry specific tools for investigating and analyzing law as well as coverage. Modules for litigation management, subrogation and loss recovery as well as document management included. Merge feature makes for easy letter or email creation. For management, the robust report screen allows multi-conditional querying of claims by exposure type, state of loss, date ranges and policy issuance periods. Vendor isolation feature allows external service providers to access and populate fields in the system as needed to expedite reporting and collaborative analysis. See our website at www.directclaimsolution.com

    Starting Price: Monthly License fees starting at $1,700
  • 4
    StandardFusion Icon

    StandardFusion

    StandardFusion

    A GRC solution for technology-focused SMB and Enterprise Information Security teams. StandardFusion eliminates spreadsheet pain by using a single system of record. Identify, assess, treat, track and report on risks with confidence. Turn audit-based activities into a standardized process. Conduct audits with certainty and direct access to evidence. Manage compliance to multiple standards; ISO, SOC, NIST, HIPAA, GDPR, PCI-DSS, FedRAMP and more. Manage vendor and 3rd party risk, and security questionnaires easily in one place. StandardFusion is a Cloud-Based SaaS or on-premise GRC platform designed to make InfoSec compliance simple, approachable and scalable. Connect what your organization does, with what your organization needs to do.

    Starting Price: $500 per month
  • 5
    JSEAsy Icon

    JSEAsy

    JSEAsy

    JSEAsy provides Workplace safety solutions. The JSEAsy Premium software is a total Workplace Health and Safety (WHS) management solution. Safety software at its best! All your safety requirements in one location. The software is fully adaptive to suit and comply with your region! •Australia •Canada •New Zealand •United Kingdom •United States of America Workplace health and Safety (WHS) Occupational Health and Safety (OHS) Occupational Safety and Health (OSH), Health and Safety at work (HSW) TotalTrack Pty Ltd is focused on continuous improvement. Perpetual development and support form the basis of our company. While no-one plans to get hurt at work, you can plan to not get hurt. The JSEAsy software is available with single, multiuser, or Premium licences.

    Starting Price: $160.00/year/user
  • 6
    GRC Envelop Icon

    GRC Envelop

    Arambankudyil Consultancy

    Arambankudyil Consultancy is a India software company that was founded in 2008, and offers a software title called GRC Envelop. GRC Envelop offers training via documentation, live online, webinars, and in person sessions. GRC Envelop offers a free version, and free trial. GRC Envelop is compliance software, and includes features such as compliance management, dashboard, internal controls management, Multi-Year planning, and risk assessment. With regards to system requirements, GRC Envelop is available as Windows, Mac, Linux, and SaaS software. Costs start at US$ 20 / user / year. GRC Envelop includes business hours support, and online support. Some alternative products to GRC Envelop include ProcessGene GRC Software Suite, SOXHUB, and AuditComply.

    Starting Price: US$ 20 / user / year
  • 7
    Polarion REQUIREMENTS Icon

    Polarion REQUIREMENTS

    Siemens PLM Software

    Siemens PLM Software is a software company and offers a software product called Polarion REQUIREMENTS. Polarion REQUIREMENTS is compliance software. Some alternative products to Polarion REQUIREMENTS include IRIS Business Architect, SILKROAD ALM, and RequirementsHub.

  • 8
    HedgeGuard Icon

    HedgeGuard

    HedgeGuard

    HedgeGuard is a fintech that works closely with the buy side community (Hedge Funds,Crypto Funds, Asset Managers, and Family Offices) on helping them achieve optimal portfolio management and operational efficiency. Our product offering includes a cloud-based Portfolio Management System and outsourced Middle Office service. These solutions have been built by ex-buy side professionals who perfectly know the challenges faced by portfolio managers. Hedgeguard's PMS software provides key features such as position keeping, order management, risk management, compliance, and reporting module.

    Starting Price: €1400.00/month for our Essential formula
  • 9
    ZenGRC Icon

    ZenGRC

    RECIPROCITY

    ZenGRC by Reciprocity is an enterprise-grade security solution for compliance and risk management. Trusted by the world's leading companies, including Walmart, GitHub, airbnb, and Genesys, ZenGRC offers businesses efficient control tracking, testing, and enforcement. It comes with system-of-record for compliance, risk assessment, centralized dashboards, streamlined workflow, and unified control management.

    Starting Price: $2500.00/month
  • 10
    Risk Management Software Icon

    Risk Management Software

    Onspring Technologies

    Build greater clarity, responsiveness and control with Onspring Technologies' Risk Management Software. With Risk Management Software, risk owners can identify and document risks that might impact their strategic business functions or objectives. Risk Management Software allows users to evaluate risks in terms of velocity, impact, and likelihood. Risk Management Software also enables users to coordinate with internal audit, compliance, legal, and other GRC functions.

    Starting Price: $1000.00/year/user
  • 11
    Oplift  Icon

    Oplift

    Ocasta Studios

    Oplift is a digital operations platform for companies with large workforces. It informs and trains employees, keeps your business compliant, ensures things actually get done and speeds up operations. The platform is colourful and its design is really simple so it’s nice and easy to use for all employees. The platform incorporates operations and compliance support features with gamification, communication, and microlearning capabilities. Its data analytics allows you to view insights from all activities and tasks going on in your business. These activities and tasks include; health and safety, risk management, site visits, audits, internal comms, learning, operations, customer service and sales, compliance, employee engagement, onboarding and preboarding. You can get a birds-eye view and see what’s happening at all times and take action to improve or fix problems.

    Starting Price: £5 per user per month
  • 12
    Sinnaps Icon

    Sinnaps

    Sinnaps

    Sinnaps is the first intelligent project manager; easy to use, it can simplify complex projects and plan your team work automatically based on your needs. Its exclusive technology employs a powerful rendering engine based on PERT (Project Evaluation and Review Techniques) and CPM (Critical Path Method) algorithms which help optimise project management and provide guidance for the decision-making process. Featured Sinnaps services: interactive planning; risk prediction and management; resource optimisation; and expectation management.

    Starting Price: $9
  • 13
    Accountable Icon

    Accountable

    Accountable

    Accountable is a reliable, web-based HIPAA compliance management software solution that helps organizations to seamlessly manage employee training, business associate agreements, and their annual risk assessment. Purpose-built to help simplify the process of becoming HIPAA compliant, Accountable makes easier and more convenient for companies to ensure that they are fully compliant with the law.

    Starting Price: $99.00/month
  • 14
    JCAD CORE Icon

    JCAD CORE

    JCAD

    JCAD CORE is a fully customizable compliance and risk management software solution. This intuitive, cloud-based solution businesses with a robust framework that enables controlled management of risk and compliance with a clear link to strategies and objectives. JCAD CORE's clients span a variety of industries, including housing, education, utilities, and government sectors. Plus, the solution effectively helps businesses manage a range of compliance regulations such as financial compliance, covenants, contracts, and health and safety assessment.

    Starting Price: $5000.00/year
  • 15
    Risk Management Software Icon

    Risk Management Software

    Enablon

    Enablon Enterprise Risk Management software is a cutting-edge platform purpose-built for assessing, managing, and controlling risks and incidents. Fully comprehensive and comes with a powerful set of features, Enablon Enterprise Risk Management software helps organizations ensure the identification, documentation, and assessment of risks, perform control management, issue identification, and implement recommendations and remediation plans. Key benefits include addressing the full risk management cycle, improving operation risk control workflows, treating and mitigating risks, and ensuring cost and resource-efficient reporting, monitoring, and decision-making.

    Starting Price: $100000.00/one-time
  • 16
    IntelligenceBank GRC Icon

    IntelligenceBank GRC

    IntelligenceBank

    IntelligenceBank GRC streamlines governance, risk and compliance processes. With IntelligenceBank GRC, businesses can move their business-critical tasks out of spreadsheets and email, and into an auditable and secure system. Top features include customizable dashboards, risk and compliance registers, surveys, online document management, stats reporting, usage analytics, self registration, calendars, API integration, and more.

    Starting Price: $29.00/month/user
  • 17
    Convercent Icon

    Convercent

    Convercent

    Weave ethics at the core of your organization with Convercent. An end-to-end ethics and compliance management platform, Convercent offers a centralized platform and automated processes to help companies connect their business goals with their ethics and values, enhancing employee engagement and improving company's performance. The platform includes tools such as Helpline, Automation, Employee Scorecard, Predictive Analytics, and Customer Support.

    Starting Price: $10000.00/year
  • 18
    cammsrisk Icon

    cammsrisk

    cammsrisk

    Cammsrisk is an enterprise risk management system organizations of all types can rely on. Easy to use, Cammsrisk helps companies easily detect and manage strategic, corporate, project and operational risks, paving the way for smarter decision-making. The platform complies with international standards, such as ISO 31000:2009 and the COSO framework.

    Starting Price: $34.00/month/user
  • 19
    ProjeQtOr Icon

    ProjeQtOr

    ProjeQtOr

    ProjeQtOr is an open source project management software grouping in a single tool all the features needed to organize your projects. It is simple, easy to use while covering a maximum of project management features. Its particularity, in addition to its completeness, is to be quality oriented. This means that you can record all the events on your projects, and thereby simplify compliance with leading standards of quality management, whether ISO, CMMI, ITIL or other.

    Starting Price: 0
  • 20
    Integrum QHSE Risk & Compliance Software Icon

    Integrum QHSE Risk & Compliance Software

    integrum Management Systems

    Integrum is a multi-award winning web-based Quality, Health, Safety & Environmental Management (QHSE) Risk and Compliance Software. This singular, cloud-based risk and compliance solution is suitable for a variety of industries with user-defined templates, audit processes, observation cards, and inspection lists. Core features of Integrum QHSE Risk & Compliance Software include investigation management, incident management, action management, contractor management, risk and compliance management, controlled document management, audit management, and reporting and analysis.

  • 21
    Ncontracts Icon

    Ncontracts

    Ncontracts

    Ncontracts offers a suite of enterprise risk and vendor management software solutions for banks and credit unions. Backed by unlimited training and professional support, Ncontracts helps banks and credit unions assess, monitor, and mitigate risk. Its solutions include Nvendor, Nrisk, Ncontracts Manager, Ncyber, Nfindings, and Ncontinuity.

  • 22
    Optial SmartStart Icon

    Optial SmartStart

    Optial

    Implemented by Fortune 500 organizations in over 50 countries, Optial SmartStart provides advanced IT solutions for Environmental, Health & Safety, Audit, Governance, Risk and Compliance. Equipped with features that include Audit Trail, Environmental, FDA, HIPPA, ISO, OSHA, and Sarbanes-Oxley compliance, the platform also provides a number key solutions. The seamless data import from existing third-party systems allows onboarding business to integrate current configurations easily with the Optial SmartStart solution.

    Starting Price: $15000.00/year
  • 23
    SiteDocs Icon

    SiteDocs

    SiteDocs

    A business that operates in industries involving Construction, Oil & Gas, Mining, Manufacturing, Mechanical, Electrical, Plumbing, Heating, and Excavating know first hand the importance of staying in compliance with mandatory documentation. In addition, how a company manages to keep everything organized is equally important. SiteDocs is a highly interactive advance Safety Management System that takes organizations from pen-and-paper archiving to a complete, cloud-based, digital workspace. Built with features that allow users to work remotely, mobile, and even offline, the system can virtually be accessed across multiple devices that run on iOS or Android. Employees can now easily complete & sign forms, upload photos with comments and acknowledge receipt of important documentation. All while admin users ensure that staff records, reports, and certifications are automatically updated using system parameters within the web-based panel.

  • 24
    SignOnSite Icon

    SignOnSite

    SignOnSite

    SignOnSite likes to keep things simple; they focus on what is essential to a construction site, ensuring their workforce is on-site. With employee level driven tools, staff can automatically be logged in to a work-site upon arrival. This revolutionary way of tackling attendance eliminates the need for the traditional pen-and-paper time management or clunky machines needed to clock-in. SignOnSite takes it a step further by also incorporating key features that assist leaders in managing Training, Safety & Inspection, and OSHA Recordkeeping.

  • 25
    Riskonnect Icon

    Riskonnect

    Riskonnect

    Riskonnect is a trustworthy and reliable Integrated Risk Management system that offers a developing suite of solutions on a world-class cloud computing model, which empowers customers to promote their projects for the administration of all risks across the enterprise. Riskonnect enables organizations to comprehensively grasp, oversee and control dangers, positively affecting shareholder value. Riskonnect's exceedingly configurable technology is perfect for groundbreaking associations confronting increased examination and accountability for corporate governance, strategy, and strategic risk. The incorporated arrangements encourage the capacity to get ready for and respond intelligently to all risks that could potentially hurt an organization and its' competitive position, harm the corporate reputation and limit key development. Once completely incorporated, Riskonnect's features include Auditing, Business Process Control, Corrective Actions (CAPA), Risk Assessment, and Compliance and Incident Management. If you're not looking past insurable hazard, if you're not mindful of basic dangers hiding up in your operations, or not taking a gander at the effect each risk will have on others, the risk will manage you.

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An Introduction to ERM Software

Enterprise risk management (ERM) software helps businesses follow regulations and protects against losing time and money. This critical tool is used in many industries or types of businesses: from healthcare and finance to insurance and retail, among others. For example, financial analysts use the software to look at cost effectiveness and waste of projects and legal specialists may use ERM tools to check compliance. ERM software not only protects against hackers’ attacks like DNS and DDos attacks on information but also identifies risks that could stifle or close down a project.

Risk is a part of any business. Owners or managers need to think through all of the potential issues that could arise plus their potential impact on the budget, project and business as a whole. Once identified, risks are put into two main categories: acceptable or unacceptable. After all, some businesses can manage the risks whereas others cannot. Teams make plans or projects with potential issues or roadblocks in mind. This lower the potential impact of any issue and helps team work efficiently on the project.

The following guide gives an overview of how to best use the different types of software available today and how it can support businesses and increase potential growth goals. This is also a chance to consider your type of business and which software model is best for you.

The Different Features of ERM Software

One of the main reasons for ERM popularity and usage is linked to software breaches. New state and federal regulations were implemented to dissuade hackers from stealing information. From 2015 to 2016, security breaches increased more than 40 percent. This not only affects businesses’ information and customers’ privacy but also damaged one’s reputation. Everything from home addresses to credit card information is stored in cloud software systems. Having the right ERM software helps businesses take back their security. This is a chance to look at potential weaknesses and close them up before an issue happens.

ERM speaks to all types of businesses because information is a universal commodity. Common ERM features include:

  • Threat or Risk Analysis
  • Financial Reporting and Audit Support
  • Compliance Management
  • Forecasting
  • Incident Report Management
  • Third-Party or Vendor Risk Assessment
  • IT Regulation
  • Policy Management
  • Alerts & Notifications

When choosing the right software for your business, consider how it integrates with existing systems and records. After all, you want to easily upload your records to this software. Time is money and the best tools are those that work with your organization. A lot of risk management software vendors have a host of integration services to make it easy for a business to update their technology. When comparing vendors, consider if they have the following options:

  • On-site support or databases
  • Cloud databases
  • CRM, document management, and fleet management software
  • Accounting and Legal support tools
  • Supply chain management
  • Document management tools

Understanding Usage

Different positions and industries require different needs from their software. Understanding your intentions means you can choose the right tools for you. For example, some folks just need their documents digitized, organized and protected whereas others need to make sure their government contracts are in order. The following information should help you better understand how you might use ERM software.

A lot of businesses use ERM software to assess internal systems and the flow of information. For example, one could use the tools to see how much a project will cost and to identify the risks. This s also a chance for managers to see how much is on an individual employee’s plate and how information is accessed and used. ERM software is a great way to manage the internal side of the business to make sure time and resources are not exploited or wasted.

It is important for businesses to follow the state and federal regulations in place to protect businesses and customers. Software is a great way to make sure all contracts and agreements are in order. This protects a business’s intellectual property and makes sure that everything is in order with third-party groups.

Human resources and finance departments use ERM software to control business resources. This is an easy way to see if a project is under- or over-staffed, to see how projects could be more efficiently managed, and to organize key documents. All of this improves both employee satisfaction and customer satisfaction.

ERM software allows financial groups to understand external and internal risks and to better manage the flow of money both in and out of the organization. This is also a great tool to detect potential fraud and to better protect key information. After all, managers and owners can limit access to key information and set up policies and procedures that protect the organization. Lastly, by staying on top of regulations, one avoids having to go through an extensive audit and potential fines.

How to Compare ERM Software

The sky is the limit when it comes to ERM software options. For example, a business can purchase stand-alone products or invest in a large ERP suite. The first thing a business should consider is their budget and the second thing to consider is how the software will be used and by whom in the organization. Businesses that operate in information or finances may not need a full supply chain or warehouse management system, but a business with products being shipped will need this capability. Businesses should also consider how they might grow in the next couple of years. When considering the best ERM software, consider identification, assignment, prioritization and response planning and implementation.

Identification means considering the risks that affect a company both internally and externally. If you already know your weaknesses, this will help you zero in on the desired features of your ERM software. Additionally, consider what you are lacking. If you still have file folders of documents, then you may need document management. If your businesses is just beginning to up its technology game, then you may need integration services.

Assignment are the features that determine the outcome of risks. For example, what could happen if you waste time or do not follow through on regulations? Consider how software will work when used with other business applications like CRM software. Once you identify risks, you have to prioritize them. You cannot tackle every weakness at the same level. ERM software allows you to look at risks on a dashboard and really consider them. An owner or manager can then make a timeline of actions.

Response planning is important for any organization. You should know what you will do in the event of an emergency or issue. The best businesses have rich staff manuals and policies and procedures in place to ensure everyone is on the same page. Understanding the proper steps everyone should go through makes it easier to deal with an audit. Response implementation refers to the software features that help organizations implement risk management plans. There are tools for people who need support with contracts, regulations or accounting. Additionally, there are project management tools too.

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