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Risk Management Software
Risk Management software helps organizations reduce exposure to enterprise and operational risks, improving quality and minimizing losses through better management of data.
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GOAT is an easy to use Enterprise Risk Management system expertly designed to help non-risk experts. From £30/mo for up to 5 users.
Learn more about GOAT Risk
GOAT Risk. The pain free way to manage risk - so you can get on with managing your business.
GOAT is an easy to use, low cost Enterprise Risk Management software solution packed with all the tools you need to manage risk effectively. Track, collaborate and report on risk from anywhere in the world using a modern, intuitive interface. Sensible, transparent pricing. Suitable for businesses of all shapes and sizes.
No set-up costs. Monthly rolling subscriptions from just £30/mo for up to 5 users.
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Corporater Risk software helps identify and manage risk entity-wide, assign risk ownership, and conduct risk assessments and audits.
Learn more about Corporater Business Management Platform
Corporater Risk Management solution consolidates all risk data into one central hub. Define risk areas that could pose a threat to the company’s existence across all departments, levels, and processes, and communicate them across your organization. Monitor key risk indicators (KRIs) and risk exposure across multiple departments and business units, conduct risk assessments, manage various types of risks, and report on risk mitigation controls measures. Suitable for medium and large organizations.
Learn more about Corporater Business Management Platform
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Log360 is a comprehensive SIEM solution that helps you combat threats on premises, in the cloud, or in a hybrid environment.
Learn more about ManageEngine Log360
Log360 is a SIEM solution that helps combat threats on premises, in the cloud, or in a hybrid environment. It also helps organizations adhere to several compliance mandates. You can customize the solution to cater to your unique use cases.
It offers real-time log collection, analysis, correlation, alerting and archiving abilities. You can monitor activities that occur in your Active Directory, network devices, employee workstations, file servers, Microsoft 365, cloud services and more.
Learn more about ManageEngine Log360
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
The high-performance and low-cost LEADER in enterprise fraud detection for the financial services & digital commerce sectors.
Learn more about Fraud.net
Increase revenues and reduce fraud, affordably. Recognized in Gartner’s Market Guide for Online Fraud Detection, Fraud.net is a leading KYC/AML, fraud prevention and fraud detection platform for enterprises in the financial services and digital commerce sectors.
Our powerful SaaS solution combines AI & deep learning, collective intelligence, rules-based decision engines, and streaming analytics to detect fraud in real-time, at scale.
Request a demo today to learn more!
Learn more about Fraud.net
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
NCSSoft Solutions is a product development company primarily focused on centralizing the entire audit management life cycle.
Learn more about eTHIC
eTHIC, an industry-defining solution that reshapes the way risk-based auditing and compliance management is executed in the industry and is the best risk assessment software. Capable of centralizing the entire audit management life cycle, eTHIC introduces efficiency and reliability into overall audit Risk Assessment and Risk Mitigation. eTHIC serves as a significant first step in the realm of automation for Governance, Risk and Compliance.
Learn more about eTHIC
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Cloud risk management software for any business size. Simple. Flexible. Scalable. Setup in minutes. Start a Free Trial.
Learn more about QT9 QMS
Risk management software made easy. Connect risk records for all your risk assessments with QT9 QMS. Save time & improve quality with automated email alerts, built-in document control, corrective actions (CAPA’s), audits & more. Easily setup your risks by assigning actions, risk scores, tasks, priorities, employees, etc. Real-time dashboards give you a quick view of risk assessments by location, category and status. Get a complete audit trail with a detailed timeline. Start a Free Trial!
Learn more about QT9 QMS
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
iDenfy is a global all-in-one fraud prevention platform. By combining artificial intelligence, biometric technology.
Learn more about iDenfy
iDenfy is a global all-in-one fraud prevention platform. By combining artificial intelligence, biometric technology, and an in-house team of KYC experts, iDenfy helps prevent fraud and stay compliant while ensuring a user-friendly ID verification.
Learn more about iDenfy
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
A Gartner Magic Quadrant Leader in 2014, 2015, 2016, Nlyte has the largest and most sophisticated DCIM implementations in the world.
Learn more about Nlyte DCIM
IT teams implement Nlyte to automate, manage, and de-risk critical infrastructure. From the data center, colo, edge, and cloud, Nlyte discovers, manages, and reports on physical and virtual compute, infrastructure, software, and IoT assets. Nlyte includes asset, power, and energy monitoring, management. Asset Lifecycle includes capacity management, what-if planning, predictive analytics, workflow, and out of the box integration with IT, BMS, and critical BI systems.
Learn more about Nlyte DCIM
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Hyperproof helps you streamline and centralize risk management so you can focus on keeping your company secure and growing.
Learn more about Hyperproof
Hyperproof is a SaaS risk management platform that helps you identify and prioritize risks, orchestrate and automate risk workflows, create alignment between risk management and compliance activities, and reduce time spent on monitoring risks. With Hyperproof, you can centrally manage risks, evaluate them using standard or customizable fields, maintain a central source of truth for vendor risk, and track and report your risk posture over time.
Learn more about Hyperproof
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Wrike is a risk management platform with features such as time tracking tools, automated reports, authentication, and data encryption.
Wrike is a risk management platform used by more than two million people across 140 countries. Try Wrike's powerful software to manage your finances, reduce project risk, and increase profitability. Use time tracking tools to optimize your resources and ensure you stay within budget. Automate reports to gain valuable insights into your projects and identify any potential risk areas. Keep your data secure with enterprise-level security, including role-based access and authentication.
Learn more about Wrike
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
SolarWinds Service Desk provides businesses of all sizes an easy to use and affordable ITSM solution that can easily scale with you.
SolarWinds Service Desk is a cloud-based, IT help desk solution that has helped organizations reduce cost per ticket by up to 15% and issue resolution time by up to 48% with smart ticket routing, automated workflows, and integrated asset management. This, plus an AI-powered knowledge base, can equip your employees with the resources needed to solve problems quickly. Set up can be done in days instead of months & can fit seamlessly into your business by integrating with 200+ cloud applications.
Learn more about SolarWinds Service Desk
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Mitigate risk across the entire product life cycle. Record and follow-up on risk mitigation to track how well it’s working.
Mitigate risk across the entire product life cycle. You can ensure everyone in the company uses the same definitions and thresholds for risk and that all risk management activities are recorded. Launch a risk assessment from anywhere in the QMS. Record and follow-up on risk mitigation to track how well it’s working, if additional mitigation is needed, and if additional risks have emerged.
Learn more about MasterControl Quality Excellence
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
AuditBoard transforms how audit, risk, and compliance professionals manage today’s risk landscape with a modern, connected platform.
AuditBoard is the leading cloud-based platform transforming audit, risk, and compliance management. Nearly 50% of the Fortune 500 leverage AuditBoard to move their businesses forward with greater clarity and agility. AuditBoard is top-rated by customers on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the third year in a row as one of the fastest-growing technology companies in North America by Deloitte.
Learn more about AuditBoard
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Quality management software. Users can manage tasks, documents, risks, strategic planning, audits, teams and more. ISO - Compliance.
Quality management software. Users can manage tasks, documents, risks, strategic planning, audits, teams and more. ISO - Organización Internacional de Normalización standard compliance.
kawak software, simple and effective. Manage processes easily and meet legal requirements, ISO, managers, risks, etc. kawak® has 450 features and 25 integrations.
Our purpose is to facilitate your work so that you have a balance of life. Contact us www.kawak.net
Learn more about KAWAK
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Prevent major issues, adapt quickly, and be ready for anything with unified security and observability, powered by AI.
Splunk is the key to enterprise resilience. Trusted by the world’s leading organizations to keep their digital systems secure and reliable, Splunk can prevent major issues, absorb shocks, and accelerate transformation. With visibility into all your digital systems, you can respond to incidents before they have bigger business impacts. Take the next steps to make your organization more resilient with the all-in-one unified security and observability platform.
Learn more about Splunk Enterprise
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Continuously assess and proactively mitigate data security risks.
Netwrix Auditor is a visibility platform for user behavior analysis and risk mitigation that enables control over changes, configurations and access in hybrid IT environments to protect data regardless of its location. The platform provides security intelligence to identify security holes, detect anomalies in user behavior and investigate threat patterns in time to prevent real damage.
This intelligence is delivered across the most critical on-premises and cloud IT systems in a unified way.
Learn more about Netwrix Auditor
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
SafetyCulture (iAuditor) is a simpler way to get the information you need to drive safety, quality, and efficiency all in one place.
SafetyCulture (iAuditor) is used to improve operational efficiency by providing companies with tools to identify, assess, and prioritize risks. This allows organizations to focus on the most critical risks and allocate resources more effectively, ultimately reducing the potential impact of risks on operations.
With our platform, business leaders will be able to easily identify and manage potential compliance issues, reduce legal risks, and take proactive steps to mitigate risk.
Learn more about SafetyCulture
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Industry-leading data protection helps businesses of all sizes through data encryption, compliance, file management and cloud backup.
Industry-leading data protection system which helps businesses of all sizes through data encryption, compliance, file management and cloud backup. Protect against accidental deletion, theft, hardware failure, and data corruption. Restore data following a ransomware attack without paying ransom and retain business data to meet compliance requirements. Automatic backup, with award winning support makes data protection seamless.
Learn more about Carbonite
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Ideagen Quality Management eliminates bureaucracy, automates and streamlines business processes to achieve standards and reg compliance
Ideagen Quality Management is a quality and compliance management system which helps organizations automate business processes, control documents and comply with industry specific standards and regulations. The solution provides a single source of truth for all relevant documentation and activities associated with the quality process.
Modules include: Documents, Audits, Issues, Risks, Training, Assets, Interested Parties, Law plus a specialized edition for Food and Beverage quality management.
Learn more about Ideagen Quality Management
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Sign In Solutions revolutionizes visitor management for today's diverse work environments by providing a secure and customized platform
In today’s business world, every interaction holds the potential to influence success.
Visitor management's role goes beyond registering guests; we at Sign In Solutions introduce "Visitor Management 2.0." It energizes the system, enhancing organizational efficiency, security, and user experience.
Here's why VM 2.0 matters:
Mitigate risk: In a world of increasing threats and stringent regulations, knowing who is interacting with your organization and ensuring they meet your compliance standards is paramount.
Maximize efficiencies: Reducing the time and burden associated with managing visitors streamlines operations and frees up resources for more strategic activities.
Elevate experiences: Respect for visitors' time and a seamless, engaging visit raise their perception of your organization, turning every interaction into an opportunity to impress and build relationships.
Learn more about Sign In Solutions
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Nrisk evaluates, measures, and tracks your financial institution's operational risk.
Nrisk, enterprise risk management software from Ncontracts, fits the needs of your financial institution, no matter the size or the type, and allows for a clearer picture of its risk, giving you the tools to better monitor, report on, and communicate risk internally and externally.
Learn more about Ncontracts
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Always hot, S3 compatible object storage built to host content, build & run applications, manage media, back up, archive & protect data
Backblaze B2 is S3 compatible cloud object storage built purposefully to unlock budgets, unburden administrators, and unleash innovators. Delivering performance at 1/5 the cost including free egress up to 3x monthly storage. Together with technology partners, Backblaze B2 helps customers break free from restrictive, overpriced legacy providers that hold them back, and blaze forward with the full power of the open cloud in their hands.
Learn more about Backblaze B2 Cloud Storage
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Manage your credit & risk through reports & predictive analytics. This scalable solution puts Dun & Bradstreets data at your fingertip
Leverage D&Bs business credit reports and predictive analytics to manage your customers' trade credit risk and grow your business.
Larger businesses: Blend your accounts receivable data with D&B data for detailed risk assessments with D&B Credit Advantage. Automate credit decisions with D&B Credit Premium.
Small Businesses: Credit Essentials is designed for small businesses to perform credit checks and agree new credit terms, to knowing your own companys score and recommended credit limits.
Learn more about D&B Finance Analytics
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Smart mobile platform for auditing & inspections. The efficient way to improve quality, safety, operational standards & compliance.
Smart mobile app and complete solution for auditing & inspections. Plan and schedule inspections, conduct fast mobile audits on your favorite device (even offline), immediately assign corrective tasks. After an inspection, instantly generate insightful reports and automatically email them to the right people for real-time information. With our advanced analytics dashboard, gain unprecedented insights into your operations and maximize your ROI. Simple and affordable solution for professionals.
Learn more about GoAudits
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Safetica is a global software company that provides Data Loss Prevention and Insider Risk Management solutions to organizations.
Safetica is an integrated Data Loss Prevention (DLP) and Insider Risk Management (IRM) solution, which helps companies to identify, classify, and protect sensitive data as well as detect, analyze, and mitigate risks posed by insiders within an organization.
Safetica covers the following data security solutions:
Data Classification
Data Loss Prevention
Insider Risk Management
Cloud Data Protection
Regulatory compliance
Whether deployed on-premise or in the cloud, our solution is designed to protect business-critical data against accidental leaks and intentional theft in today's hybrid landscape.
Learn more about Safetica
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Features
- Scenario Planning
- Risk Analysis
- Internal Controls Management
- Mobile Access
- Risk Scoring
- Compliance Management
- Alerts/Notifications
- Response Management
- Audit Management
- Incident Management
- Corrective and Preventive Actions (CAPA)
- Document Management
Risk Management Software Buyers Guide
Table of Contents
What is risk management software?
Risk management software is a tool for businesses to identify risk tolerance and take appropriate measures to mitigate such situations. The software offers tools to document corporate governance, risk, and compliance tasks as well as ensure that these elements align with the business objectives.
The key features of the software include risk identification, risk assessment, mitigation planning, reporting, and preventive action planning.
Gartner defines integrated risk management as “a set of practices and processes supported by a risk-aware culture and enabling technologies that improve decision making and performance through an integrated view of how well an organization manages its unique set of risks”.
Risk management software helps organizations measure the level of risk in ongoing projects and processes, and then generate meaningful insights as well as an action plan.
The benefits of risk management software
- Mitigate risks and address threats in a timely fashion: The sole purpose of risk management software is to identify threats and address those well within time. Unaddressed issues can result in project failure as well as scenarios that generate negative publicity or damage the brand. The software would ensure that your projects, processes, or audits follow the guidelines. Leaders can intervene as soon as they detect a change from the regular course of action and make early moves to mitigate the risk.
- Create a risk-aware culture: The software can also maintain a risk register, which includes in-depth details about the risk, its indicators, impact, and the actions required to avoid/minimize it. An organized database helps businesses train employees on the risks, the impact, and the preventive actions to be taken. This helps in creating a workforce that’s more risk aware and trained to operate systematically.
- Risk prioritization and assignment: No two risks have the same impact level. The software assesses the risk and assigns relevant scores to each risk. This helps businesses prioritize risks and escalate it to the concerned stakeholders. It saves the time taken to resolve the issue and ensures that the impact is minimal.
Typical features of risk management
- Risk assessment: Assigns scores and ratings to risks or classifies issues based on multiple factors. Aggregates all the risk scores and categories from each assessment to create the business's risk register.
- Dashboard: Sets and assigns key risk indicators (KRIs) and monitors these live on an interactive visual display.
- Alerts/Notifications: Allows you to set and configure alerts for critical events and receive notifications in case of a breach or failure.
- Risk reporting: Defines and records the KRIs that measure the efficiency of a risk management program in a defined format.
- Compliance management: Ensures that risk management processes meet all the necessary regulatory compliance by defining and tracking processes and rules.
- Auditing: Provides reports and tracks the status of risks and incidents to ensure accurate internal and external audits, so that businesses are always compliant.
Considerations when purchasing risk management
- Define your expectations from the software: Risk management software offers broad functionality—from project risk management to financial risk management. Each type of software has its own set of key functionalities. Buyers should list their expectations from the software and then begin their search.
- Plan for your budget: The software isn’t cheap—ranging from a few hundred to thousands of dollars per year. The advanced features cost more. Therefore, plan a budget and shortlist suitable vendors. We recommend shortlisting solutions that can meet the needs of your long-term business strategy.
Relevant risk management trends
- Cognitive intelligence to augment traditional decision making: Advancement in cognitive technologies, artificial intelligence (AI), and real-time data analytics have advanced the scope of risk management. These smart machines can detect, predict, and prevent risks by self-learning and self-managing the defences against old and new threats. For instance, Warwick Analytics’ early warning and prevention system looks hours, days, and months ahead to predict when and how products in the field (such as aircraft and vehicles) will require maintenance. Identifying the root causes of failure helps them take corrective actions such as remanufacturing and redesigning products.
- Risk management to be tied up with employee performance: These days, managers consider risk in terms of an employee’s ability to innovate current workflows. As risks are now measurable, the software allows businesses to relate risk with the desire to innovate existing processes. They can then create a balance between risks and rewards. This new strategy will encourage employees to make risk-informed decisions.
