All Essential ERM Reviews
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Anonymous
51-200 employees
Used less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
3
Reviewed August 2018
User friendly & supportive team
At this time we are not solving any current problems because the software does not have the capability to provide us with management reports in dollars. Our experience with the software and the people at Tracker Networks has been excellent. Once reports are generated that are useful to the Board, and our regulators, we will be able to cease using an excel spreadsheet for our risk register. Until then we will continue to populate and manage the manual process - so, unfortunately, we are doubling our work effort.
PROSI like that the software is very user friendly. I can navigate easily. The sorting capabilities are appropriate for our business. Whenever I run into a situation customer service promptly investigates and provides guidance. So far we have been using a risk register designed on a spreadsheet. The Bowtie format has made us think about the root cause and mitigation more specifically rather than a broad view/approach.
CONSFor our business, the Board want us to quantify the risks and impact to the business in dollars. For us to be able to successfully implement using Essential ERM, we need to be able to produce various reports with dollars. ie Top 10 risks; Summary report of all risks; Risk Category; Key Measures Report (which is required for reporting to the regulators).
Peter
Government Administration, 1 employee
Used weekly for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed December 2022
Essential ERM - Setting the Standard for Strategic Risk Management
My overall expereiewnce has been excellent. The Executive and Design Team have bene highly repsonsive to our suggestions for platform enhancements. It has been an incredible journey with the team over the past several years with major benefits to the enterprise risk management world.
PROSThe software is based on the Bow Tie Methodology and grounded in the ISO 31000. It's core architecture is tied to strategic objective setting with great features for risk appeptite and mitigation tracking. The Essential ERM design and support team are very progressive, creative and repsosnive to industry developments and client needs.The ability to establish risk portfolios for highly diverse and complex organizations with consolidation is a brilliant feature.The risk profiles of individual projects or intiitatives can also managed within Essential ERM.
CONSThe Essential ERM Team have been highly responsive to requests for improvement in dasboard reporting, voting technology and key risk indicators. The interface capability to industry standard rporting tools such as Power BI has been significantly improved. I can't say at this point I have any major dislikes of the software.
Reason for choosing Essential ERM
Core architecture - well grounded in staretgic risk decsion making, the Bow Tie Method and ISO 31000 risk management standard.Ease of use and intutiive interface and dashboard.Strong customer support from the Executive, Design and Support teams.A very progressive view of risk management from strategic enterprise , operational and portfolio risk management.
Ahmed
Accounting, 1 employee
Used daily for less than 6 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed August 2021
Comprehensive review
This program is considered very wonderful for several reasons, firstly that it provides new methods in the ways of managing business and institutions and facilitating communication by providing a suitable software environment to complete businessIt and is easy to use and its intervention in the work is very useful
CONSThere is one thing I did not like that it takes more time than I expected to master it, but after you master it, it will be comfortable to use
Anonymous
51-200 employees
Used monthly for less than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed October 2019
Good solution that meets our needs
We have multiple organizations working on a large, multi-year shared program. Tool is used to manage the shared enterprise risks; all orgs have access and use it to review and document progress to mitigations. Also use the tool for other internal risks; the added feature to allow segregation of risks by org or people is helpful.
PROSEasy to use and onboard my staff. Did not need a lot of education on how to technically use and navigate the software. Functionality to capture the risk with pre, post mitigation and events is helpful for staff to think through what is important to document for a risk. Appreciate the functionality for risk velocity and other prioritization factors; helps focus our regular reviews. Vendor is open to feedback and enhancing the solution.
CONSReporting is still improving; hard to change our old habits of presenting risks at a meeting without using the tool in the meeting. Like the trending of how a risk is progressing; expect in time it could be presented differently or available in different parts of the application.
Reason for choosing Essential ERM
While the insurance tool was free and was a good tool with, it was setup for use by healthcare for risks that are common to delivering healthcare programs; so its features and capability actually became a limitation as they did not support us adding new risk types, categories, etc. We were using MS Excel in meantime. Essential ERM was a very good alternative to the free tool and Excel.
Pat
Insurance, 51-200 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2022
Good easy to use Enterprise Riaks Management Application
Essential ERM has created efficiencies in our risk tracking and reporting process.
PROSEssential ERM is easy to configure and use. Manual processes can be automated to make ERM administration and reporting much more efficient.
CONSTransitioning from another application or manual risk tracking requires some effort to enter all of the data for the first time. However, the efficiencies after initial configuration and data entry quickly outweigh the effort and time for initial entry.
Anonymous
2-10 employees
Used daily for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed October 2022
Essential ERM is Fantastic, A Must Use!
Allows me to uncover potential problems before they become real issues. Allowing me to plan, prepare, and be more productive!
PROSEssential ERM provides a unique outlook on the factors involved with business, clients, and personnel. It allowed me to find issues that I would otherwise have missed, or forgotten about. Not to mention that is super easy to use!
CONSDespite the lack of issues with essential ERM, since the program worked great, the part I dislike most is that Essential ERM highlights a lot of the issues, mistakes, or problems that have been hidden from me. Highlighting my issues only shows that the way to improve this part I dislike is solely on me now.
Carol
Management Consulting, 2-10 employees
Used weekly for less than 6 months
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed October 2019
Easy to Implement for ERM Beginners
Using the software gets you out of using spreadsheets, which is a definite plus. The ability to link risks to objectives is important for executives. The support for Essential ERM has been extremely responsive to questions.
PROSIf you don't have any existing ERM processes, Essential ERM is a great way to jump start a consistent method for identifying and managing risks in your organization. It is easy to use and encourages true understand of the risks so you can address the reason the risk exists, not just the consequence.
CONSThe software is harder to use if your organization has an established process or methodology, as the system has limited customization available. Ensure that the way the software is built will fit your organization and its needs.
Reason for choosing Essential ERM
Pricing and simplicity
Reasons for switching to Essential ERM
Being a GRC product focused on compliance, it didn't fit the needs of the company. The risk features were not robust enough for the methodology and practices in place.
Deryck
Computer Software, 51-200 employees
Used monthly for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2022
A great product
Risk management. We have many we have to deal with, as a result of the nature of our operation.
PROSI found it easy to use, and especially like the way we can integrate it - with our strategy and with our work plans, so it is a living process.
CONSTruly, I don't find anything missing. We've had great support, the site is fast and reliable and secure. I like the way they stay on top of the ERM trends and keep improving the product.
Reason for choosing Essential ERM
Easily best value for money.
Reasons for switching to Essential ERM
Immense time saving, and way more logical, and much easier to sort out key risks from the many.
Samantha
Textiles, 1,001-5,000 employees
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2022
Essential ERM, excellent customer service and flexibility for ERM processes
Fantastic. It is a quality product that was easy to implement and teach to our BUs. Customer service is prompt and extremely helpful.
PROSThe product is easy to use and to implement.
CONSWould love integration with audit software.
Reason for choosing Essential ERM
The flexibility to customize the program to our business structure and it was the only software that focused on what I need to risk management. The other software companies focus on audit software first and ERM is an afterthought.
Bob
Verified reviewer
Education Management, 51-200 employees
Used monthly for less than 6 months
OVERALL RATING:
4
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed October 2019
Essential ERM implemented a solution and engaged more like a partner than a supplier.
We wanted to formalize and create a structure for our risk management process that engaged teams across the organization to easily & effectively add/change/delete risk events, and both assess and manage risk. Essential ERM has proven to be a very cost-effective and adaptable tool to achieve our goal. The company understands the needs of the not-for-profit sector and have been very committed to our success.
PROSThe software is flexible in meeting our needs and growing with us, as well as encouraging collaboration across our organization. While Essential ERM does provide great training and support, the software is intuitive and easy to pick-up.
CONSWe are relatively new users, and have not found any issues of concern.
Carolyn
Government Administration, 51-200 employees
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed October 2019
Essential ERM software review
Great.
PROSMethodology - Bow Tie. Voting capability. Risk event views. Reporting views. Ability to see and address gaps
CONSBig issue - If I have the same action repeated for several risks it shows up as different actions. Minor issue - Lack of printable /sharable risk event view (when needing to share outside of software, e.g. in a meeting)
Navin
Accounting, 201-500 employees
Used weekly for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed August 2018
Optrimizing Risk information
Trying to get a handle on management risk information from across differing entities in the organization proved to be a challenge. The solution was simple to use, efficient and great at reporting. Made an impact on communicating risk information.
PROSEase of use, flexibility, cost, user interface, support team and the innovative mindset of the developers
CONSIntegration with other assurance functions and reporting seems to be evolving and is still new
Steve
Insurance, 51-200 employees
Used monthly for less than 12 months
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed August 2018
Tracker Business Partner review
The business problems we are solving with ERM is creating engagement with our teams who have responsibility for assessing and documenting risks within our ERM process. Those with little prior experience in SOX or other types of risk evaluation find the tool intuitive, logical and provides the ability to link the outcomes in a more streamlined and visual fashion.
PROSThe Essential ERM Software is an intuitive dynamic tool that takes a relatively complex subject area and allows the user to simplify the process of risk assessment, quantification and tracking of identified risks. this has been a big help to our team as we look to expand the knowledge base and accountabilities of our team as we look to embed ERM into our orgainzation.
CONSAt this point we have not identified any significant issues or challenges with the software. The Trackers team has been great at taking feedback and incorporating changes to the product where it makes sense.
Tom
Religious Institutions, 11-50 employees
Used weekly for less than 12 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed September 2019
A solid, intuitive, developing risk management tool
The customer service, particular from our Account Manager, has been excellent
PROSIt's user-friendly, intuitive and thorough. Everything works as you should expect, and the risk process has a very good flow.
CONSAs it is a developing piece of software there are some features that are still to be added, such as the reporting capabilities, but the response to ideas and queries has been excellent, and I'm confident things will continue to grow/improve!
Anonymous
10,000+ employees
Used weekly for less than 6 months
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT