Initia Risk 2026: Benefits, Features & Pricing

Software Advice offers objective insights based on verified user reviews and independent product and market research. When our advisors match you to a software provider, we may earn a referral fee.

How Software Advice ensures transparency

Software Advice lists all providers across its website—not just those that pay us—so that users can make informed purchase decisions. Users can talk to our advisors for free to receive software recommendations matching their needs. Software providers pay us for sponsored profiles to reach users interested in their products.

How Software Advice verifies reviews

Software Advice carefully verified over 2 million reviews to bring you authentic software experiences from real users. Our human moderators verify that reviewers are real people and that reviews are authentic. They use leading tech to analyze text quality and to detect plagiarism and generative AI.

Independent research methodology

Researchers at Software Advice use a mix of verified reviews, independent research, and objective methodologies to bring you selection and ranking information you can trust. While we may earn a referral fee when you visit a provider through our links or talk to an advisor, this has no influence on our research or methodology.

Wondering if Initia Risk is right for your organization?

Our Risk Management Software selection experts can help you in 15 minutes or less.

On this page

Overview
Pricing and Plans
Features
User Reviews

Overview

Initia Risk

No reviews yet

Pricing

Pricing available upon request

About Initia Risk

Initia Risk is a modern, cloud based Governance, Risk, and Compliance GRC platform built by risk practitioners for SMEs and mid market organisations operating in regulated industries. It delivers enterprise grade risk and compliance management without excessive complexity, cost, or long implementation cycles.

At the core of Initia Risk is the Risk and Control Self Assessment RCSA workflow, designed to replace spreadsheet driven processes with a structured, repeatable, and automated approach. Risks, controls, ownership, assessments, evidence, and remediation are all connected in a single system, removing manual coordination and significantly reducing administrative effort. Organisations using Initia Risk can save up to 70% of the time typically spent running manual RCSAs, while improving consistency, auditability, and insight.

Initia Risk supports both quantitative and judgement based risk assessments, allowing teams to apply the right approach for different risk types while maintaining a consistent governance model. Gross and residual risk positions are transparent and defensible, showing clearly how control effectiveness is reducing risk on a control by control basis.

Organisat...

ions can go live quickly using sensible, regulator aligned defaults provided out of the box. Pre configured risk matrices, impact and likelihood scales, scoring models, assessment cycles, and workflows enable teams to roll out their first ERM and RCSA framework with confidence. Bulk uploads, reusable templates, and guided setup allow organisations to move away from spreadsheets in weeks rather than months. The platform is highly configurable to reflect how each organisation operates. Risk teams can define custom impact and likelihood matrices, scoring thresholds, risk appetite levels, approval workflows, and assessment frequencies. Initia Risk supports full organisational hierarchy modelling, allowing risks, controls, and reporting to be managed at group, entity, business unit, and departmental level, with clear roll up and aggregation across the entire organisation. Initia Risk is designed to scale adoption across the business without creating barriers. There are no artificial restrictions on first line risk owners or reporters, enabling organisations to embed risk ownership broadly without hindering uptake. Risk administrators configure frameworks and oversight, while first line users and control owners only see and update what they are responsible for, improving engagement and reducing reliance on central teams to chase inputs. As risk programmes mature, Initia Risk scales with them. Organisations can introduce Key Risk Indicators KRIs for early warning, risk events and incident management to capture what actually happens, and strategic objectives to frame risk in terms of business outcomes such as performance, delivery, resilience, and growth. For reporting, Initia Risk includes a PowerPoint style report builder designed specifically for board, executive, and regulator reporting. Users can create slide based reports using live data, charts, tables, and risk metrics, eliminating manual copy and paste from spreadsheets. Reports can be exported directly to PowerPoint, enabling teams to produce polished, decision ready packs in minutes rather than days. Initia Risk also supports regulatory and framework mapping including ISO, GDPR, FCA, ESG, and more, with structured evidence collection, historical tracking, and complete audit trails to support audits, reviews, and regulatory scrutiny. By automating RCSAs, reducing manual effort, and turning risk data into decision ready insight, Initia Risk helps organisations move beyond compliance driven risk management and embed risk into everyday decision making across the business.

Initia Risk Screenshots

Initia Risk Pricing and Plans

Starting price: Connect with an advisor for pricing

Free Trial

Free Version

Initia Risk Pricing

Pricing available upon request

Plan includes:

Custom
Value
Scaleable

Confused about pricing? We've got you covered.

Get a personalized pricing breakdown tailored to your specific needs—no guesswork, no generic estimates.

Initia Risk Features

Popular features found in Risk Management
Alerts/Notifications
Audit Management
Compliance Management
Corrective and Preventive Actions (CAPA)
Document Management
Incident Management
Internal Controls Management
Mobile Access
Response Management
Risk Analysis
Risk Scoring
Scenario Planning
More features of Initia Risk
Access Controls/Permissions
Activity Dashboard
Activity Tracking
Approval Process Control
Assessment Management
Audit Trail
Customizable Reports
Dashboard
Dashboard Creation
Data Import/Export
Data Visualization
Document Storage
Enterprise Risk Management
Evidence Management
Governance
Heatmaps
IT Risk Management
KRI (Key Risk Indicator) Monitoring
Legal Risk Management
Performance Metrics
Policy Management
Prioritization
Real-Time Monitoring
Real-Time Reporting
Reminders
Reporting & Statistics
Risk Assessment
Risk Management
Risk Reporting
Secure Data Storage
Single Sign On
Task Management
User Management
Version Control
Workflow Management