# Best ERM Software - 2026 Reviews & Pricing

> Find the best ERM Software for your organization. Compare top ERM Software systems with customer reviews, pricing, and free demos.

Source: https://www.softwareadvice.com/risk-management/erm-comparison

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# Best ERM Software of 2026

Updated July 8, 2026

On this page

1.  Popular Comparisons
2.  Buyers Guide
3.  Related Software

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37 results

### Compare Products

Showing 1 - 25 of 37 products

#### Company Size

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**Recommendations**: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals.  
  
**Reviews**: Sorts listings by the number of user reviews we have published, greatest to least.  
  
**Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest.  
  
**Alphabetically (A-Z)**: Sorts listings by product name from A to Z.

### Product: VelocityEHS

[VelocityEHS](https://www.softwareadvice.com/compliance/velocityehs-profile/)

4.42

[(85)](https://www.softwareadvice.com/compliance/velocityehs-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

VelocityEHS is different. We’re not just a software company, we’re expert problem solvers who know how to simplify complex issues to deliver exceptional outcomes. Whether you’re a global enterprise or a smaller organization with big aspirations, a partnership with VelocityEHS provides your team with an approach to EHS & ESG that is smart enough to predict and address your challenges without overwhelming or adding unnecessary complexity. Relied on by more than 10 million users worldwide, VelocityEHS is the global leader in true SaaS enterprise EHS & ESG technology. The VelocityEHS Accelerate® Platform is the definitive gold standard, delivering best-in-class software solutions for managing Safety, Ergonomics, Chemical Management, and Operational Risk. In addition, Velocity offers world-class applications for Contractor Safety & Permit to Work, Environmental Compliance, and ESG. The VelocityEHS team includes unparalleled industry expertise, with more certified experts in health, safety, industrial hygiene, ergonomics, sustainability, the environment, AI, and machine learning than any other EHS software provider. Recognized by the EHS industry’s top independent analysts as a Leader in the Verdantix 2025 Green Quadrant Analysis, VelocityEHS is committed to industry thought leadership and to accelerating the pace of innovation through its software solutions and vision. Its privacy and security protocols, which include SOC2 Type II attestation, are among the most stringent in the industry.... [Read more](https://www.softwareadvice.com/compliance/velocityehs-profile/)

### Best rated features:

Change Management

5.0

Collaboration Tools

5.0

Single Sign On

5.0

Reporting/Analytics

5.0

### Worst rated features:

Real-Time Analytics

3.0

FDA Compliance

3.0

EDI

3.0

[See all features](https://www.softwareadvice.com/compliance/velocityehs-profile/#key-features)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/compliance/velocityehs-profile/#pricing-and-plans)

### Product: Sprinto

[Sprinto](https://www.softwareadvice.com/compliance/sprinto-profile/)

4.73

[(86)](https://www.softwareadvice.com/compliance/sprinto-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Sprinto is a cloud-based security compliance automation platform that helps small to large businesses manage their compliance programs. The platform provides the tools and support needed to organize, monitor and scale security compliance efforts. It offers out-of-the-box compliance programs for popular frameworks such as SOC 2, ISO, NIST, GDPR and HIPAA. Sprinto also has automated compliance workflows that help users manage tasks, escalations, and notifications to maintain continuous compliance. Additionally, its continuous control monitoring capabilities keep compliance programs up to date. The built-in risk assessment module helps identify and manage compliance gaps through quantitative and qualitative analysis.... [Read more](https://www.softwareadvice.com/compliance/sprinto-profile/)

### Best rated features:

Operational Risk Management

5.0

Approval Process Control

5.0

HIPAA Compliant

5.0

Assessment Management

5.0

### Worst rated features:

Real-Time Data

3.0

Version Control

4.0

[See all features](https://www.softwareadvice.com/compliance/sprinto-profile/#key-features)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/compliance/sprinto-profile/#pricing-and-plans)

### Product: NAVEX IRM

[NAVEX IRM](https://www.softwareadvice.com/product/76152-Navex-IRM/)

4.65

[(20)](https://www.softwareadvice.com/product/76152-Navex-IRM/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Recognized as a Leader in the Gartner® Magic Quadrant for both IT Risk Management and IT Vendor Risk Management, NAVEX IRM brings visibility to risks frequently managed in disparate sources. It aggregates internal data points from all corners of the organization, as well as from assessments, audits, authoritative sources and external systems. By having everything centralized, correlated and connected, the platform enables organizations to see dependencies and to make smarter business decisions. Pricing of the product is based on a monthly subscription and support is extended via phone, an online help desk and video tutorials. Operational disruptions, risks from third parties, and cyber threats are just a few areas that are becoming more complex, expensive, and disruptive to organizations. NAVEX IRM is an easy-to-configure solution that helps find, assess, and continuously bring visibility to risks from across the entire organization. Quickly implement this innovative solution to solve your immediate challenges, and utilize its wide range of features to customize your program over time as your needs evolve: IT Risk Management: Quickly build an automated, robust and sustainable information security management system that enables continuous identification of new and emerging IT risks. Third-Party Risk Management: Efficiently uncover, assess, address, and monitor third-party risk. Gain real-time insights into your vendors’ performance and protect the organization through automation. Privacy, Risk & Compliance: Automatically monitor and ensure compliance with privacy regulations and programs to create processes that are consistent, repeatable, and easily auditable. Business Continuity Management: Utilize easy-to-configure risk assessments to develop detailed plans and conduct business impact analyses. Build and test recovery plans to strengthen organizational resilience. Health & Safety Management: Meet compliance obligations and improve your employees' wellbeing by automating and strengthening safety processes. Operational Risk Management: Determine the top risks that impact your organization's operations. Make proactive, data-driven decisions to strengthen operational resiliency.... [Read more](https://www.softwareadvice.com/product/76152-Navex-IRM/)

### Product: Novara Flex

[Novara Flex](https://www.softwareadvice.com/product/121855-NovaraFlex/)

4.80

[(129)](https://www.softwareadvice.com/product/121855-NovaraFlex/reviews/)

Best for:Value for money

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Novara Flex is cloud-based EHS (Environmental, Health & Safety) and operational risk management software for mid-market and SMB companies in regulated, hazardous industries, such as manufacturing, construction, oil & gas, utilities, and mining. Flex gives safety teams one configurable system to report incidents, run mobile inspections and audits, manage corrective actions, run risk assessments and JHAs, track training and SDS, and qualify contractors. Field crews work on the mobile app even offline, and configurable dashboards report leading indicators like TRIR and DART. Built for OSHA 300/300A recordkeeping and audit readiness, ESG and environmental reporting, Flex is designed for field adoption and fast to deploy, a right-sized alternative to enterprise suites like VelocityEHS and Intelex. Customers cut recordable injuries, lower workers' comp and EMR, and stay audit-ready across every site. Request a demo to see how Novara Flex fits your safety program.... [Read more](https://www.softwareadvice.com/product/121855-NovaraFlex/)

### Best rated features:

Mobile Learning

5.0

Built-in LMS

5.0

Social Learning

5.0

Occupational Health Management

5.0

[See all features](https://www.softwareadvice.com/product/121855-NovaraFlex/#key-features)

### Pricing

Custom

Pricing available upon request

Pricing is based on number of users who will need access to the software. - with additional fess for certain add-on features... [Read more](https://www.softwareadvice.com/product/121855-NovaraFlex/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/product/121855-NovaraFlex/#pricing-and-plans)

### Product: HSI Donesafe

[HSI Donesafe](https://www.softwareadvice.com/ehs/donesafe-profile/)

4.75

[(96)](https://www.softwareadvice.com/ehs/donesafe-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

HSI Donesafe is a cloud-based environmental, health, and safety (EHS) management software that helps organizations centralize compliance and reporting. The platform allows organizations to build customized solutions for their specific needs. It provides a comprehensive suite of tools to manage EHS requirements including incident management, audit tracking, contractor onboarding and chemical management. The adaptive resilience platform unifies and futureproofs an organization's worksites, workforces and environments. Additionally, HSI Donesafe's integration capabilities allow organizations to connect the platform with various third-party systems such as HR, workforce management, business intelligence, CRM and payroll.... [Read more](https://www.softwareadvice.com/ehs/donesafe-profile/)

### Best rated features:

Policy Management

5.0

Data Collection

5.0

Customizable Forms

5.0

Activity Dashboard

5.0

[See all features](https://www.softwareadvice.com/ehs/donesafe-profile/#key-features)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/ehs/donesafe-profile/#pricing-and-plans)

### Product: GOAT Risk

[GOAT Risk](https://www.softwareadvice.com/risk-management/goatrisksolutions-profile/)

4.74

[(65)](https://www.softwareadvice.com/risk-management/goatrisksolutions-profile/reviews/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

GOAT Risk is a cloud-based risk management platform designed for identifying, capturing, assigning, escalating, controlling and reporting on risks. The platform is suitable for organisations across different industries and sizes. It includes features such as a drag-and-drop risk assessment scoring system for prioritising risks. GOAT Risk provides tools for creating risk profiles and registers, assessing controls, tracking actions with automated reminders, reporting incidents, and monitoring of key risk indicators. Customisable templates and a risk universe feature support a comprehensive view of risks. Additionally, GOAT Risk provides reporting capabilities to capture operational, health, and safety incidents. The platform also includes built-in tips, definitions, and explanations to support understanding of risk management concepts by non-risk experts. Users can access a personalised dashboard to monitor risks and performance indicators, use private profiles for sensitive collaboration, and leverage advanced search and escalation tools.... [Read more](https://www.softwareadvice.com/risk-management/goatrisksolutions-profile/)

### Best rated features:

Prioritization

5.0

Access Controls/Permissions

5.0

Performance Metrics

5.0

IT Risk Management

5.0

[See all features](https://www.softwareadvice.com/risk-management/goatrisksolutions-profile/#key-features)

### Product: modONE

[modONE](https://www.softwareadvice.com/risk-management/modone-profile/)

4.88

[(32)](https://www.softwareadvice.com/risk-management/modone-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Built for the people who actually have to keep crews safe. modONE is the safety engagement platform built for blue-collar industries — construction, logistics, manufacturing, telecom, insulation, and field services. We exist to help frontline workers get home safely each day, and to help the people responsible for them stop losing sleep over preventable injuries, rising workers' comp premiums, and audit binders that aren't ready when OSHA shows up. The problem we solve. Traditional safety software is an expensive filing cabinet. Workers refuse to download apps. Passwords get forgotten. LMS dashboards stay empty. Meanwhile, 80% of workplace injuries start with silence — a worker who never engaged with the training that was supposed to protect them. modONE closes that engagement gap. We deliver 2-minute safety micro-lessons to your crews by text — no app, no password, no IT rollout. Every quiz answer and signature is time-stamped in real time, giving leadership verified participation records that lower E-Mod scores, defend against claims, and produce a defensible OSHA audit trail in seconds. Who modONE is built for. We serve two buyers with different reasons for being here. The first is the owner/operator running a 20-to-200-employee blue-collar business. You wear a lot of hats and don't have weeks to implement enterprise software or hours to chase paper sign-in sheets. Customers tell us modONE buys back their time and gives them something to show their insurance carrier that moves their premium. The second is the safety, EHS, or risk leader at a larger organization (250 to 10,000+ employees). You already have a legacy EHS database and don't need a rip-and-replace. modONE runs alongside your existing stack as the mobile engagement layer that actually reaches the field. What's inside the platform. • Weekly SMS micro-lessons — 2-minute safety touches delivered to your crew by text • Skill Builder — Long-form, multi-module courses (20–60 minutes) with quizzes and signature capture • Content library — 6,000+ pre-built micro-lessons and Skill Builder courses, or upload your own • MCI (Modern Culture Index) — A live, weighted score that turns safety culture into a measurable metric for leadership and carriers • The Audit Shield — Time-stamped records for every interaction, organized for OSHA and claim defense • SafetyBot AI — Upload an SOP and our AI writes a deliverable lesson with quiz questions and multilingual variants • Mobile field inspections and incident reporting — Audits, hazards, and near-misses from any worker's phone, time-stamped automatically • 110+ language support — Each worker gets lessons in their preferred language, automatically • Kiosk mode — For workers who share a device What customers tell us they actually see. One manufacturing customer used modONE to cut annual injury costs from $275K to under $22K. Diversified Logistics saw a 61% drop in claim frequency over three years and now runs a Total Frequency Rate 25% below the NCCI peer average. Customers consistently report modONE moves a number their insurance carrier rewards — not just a feeling that "we did some training." About our team and how we support you. modONE is built by RiskWire, LLC out of Fernandina Beach, Florida. The most common phrase in our customer reviews is some version of "they're always there." Our team is reachable by call, email, or text — and the people on the other end are the same people who built the platform. Onboarding takes days, not months. Pricing starts at $149/month, scales with your headcount, with no long-term contracts and no annual lock-up. If you want to see modONE in action with your real workforce, we offer an active trial — you start sending lessons on day one, not after a six-week implementation. Reach out to us or book a working session to see how a live MCI score, an SMS delivery flow, and a defensible audit trail would look in your specific industry.... [Read more](https://www.softwareadvice.com/risk-management/modone-profile/)

### Best rated features:

Risk Alerts

5.0

Task Scheduling

5.0

Activity Dashboard

5.0

AI Copilot

5.0

[See all features](https://www.softwareadvice.com/risk-management/modone-profile/#key-features)

### Essentials

$1.49/month

modONE Essentials is built for owner/operators and safety leaders who want real frontline engagement without enterprise complexity or long-term lock-up. The plan delivers weekly 2-minute SMS safety micro-lessons to your entire workforce — no app, no password, no IT rollout — and builds your Audit Shield: time-stamped participation records that defend against OSHA inspections and workers' comp claims. Includes SafetyBot™ Smart Scheduling, SafetyBot™ AI Content Authoring, the new SafetyBot™ Assistant (AI Copilot), live modONE Culture Index (MCI), comprehension checks and digital sign-offs, configurable digital forms, hazard reporting, multi-language delivery in 110+ languages, and customer support via email and live chat. Starts at $149/month for up to 100 employees ($1.49 per additional employee). No long-term contracts. No annual lock-up. Free 30-day Active Trial — start sending real safety lessons to your real workforce on day one.... [Read more](https://www.softwareadvice.com/risk-management/modone-profile/#pricing-and-plans)

### Pro

$1.99/month

modONE Pro is built for safety teams running inspections, incident workflows, and structured training. Includes everything in Essentials, plus the depth that serious safety programs require. Adds Skill Builder for long-form worker orientation and ongoing training (multi-module courses, 20–60 minutes per course, with embedded quizzes, signature capture, and certificates of completion), Inspection Management and Safety Inspection Checklists, Field Audit Reports, Incident Management with Corrective Action Tracking (CAPA), Supervisor-Captured Attendance (Roll-Call Mode), Role-Based Content Recommendations, and priority customer support. Starts at $199/month for up to 100 employees ($1.99 per additional employee). No long-term contracts. No annual lock-up. Free 30-day Active Trial — start sending real safety lessons to your real workforce on day one.... [Read more](https://www.softwareadvice.com/risk-management/modone-profile/#pricing-and-plans)

### Enterprise / Aggregator

Custom

Pricing available upon request

modONE Enterprise (Aggregator) is built for organizations that deliver modONE across a portfolio — brokers, captives, associations, roll-up operators, and multi-site enterprises with structured procurement requirements. Includes everything in Pro, plus white-label branding and co-branded portals, the Portfolio Admin Dashboard for managing all underlying accounts in one place, multi-site account management, security review documentation for procurement, a dedicated Customer Success Manager, and custom contract terms tailored to enterprise and aggregator procurement standards. Volume-based pricing on a 3-year term. Contact modONE or schedule a working session for a tailored quote and scoping conversation.... [Read more](https://www.softwareadvice.com/risk-management/modone-profile/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/risk-management/modone-profile/#pricing-and-plans)

### Product: AuditBoard

[AuditBoard](https://www.softwareadvice.com/risk-management/soxhub-profile/)

4.70

[(414)](https://www.softwareadvice.com/risk-management/soxhub-profile/reviews/)

Best for:Audit Management

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Designed for businesses in retail, insurance, construction, transportation and other industries, AuditBoard is a cloud-based platform that helps organizations manage audit, IT security, ESG and more. The solution facilitates collaboration and front-line ownership, building effective partnerships with stakeholders across the organization. AuditBoard's modern connected risk platform elevates audit, risk, sustainability, and compliance teams, helping them stay ahead of increasing risk demands. Additionally, it helps organizations track and manage more risk, work smarter with greater impact, and drive front-line ownership across the business.... [Read more](https://www.softwareadvice.com/risk-management/soxhub-profile/)

### Best rated features:

Vendor Master Data Management

5.0

Search/Filter

5.0

Reminders

5.0

FDA Compliance

5.0

### Worst rated features:

Response Management

3.0

[See all features](https://www.softwareadvice.com/risk-management/soxhub-profile/#key-features)

### Product: C1Risk

[C1Risk](https://www.softwareadvice.com/hipaa-compliance/cyberone-profile/)

4.91

[(23)](https://www.softwareadvice.com/hipaa-compliance/cyberone-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Founded in 2015, C1Risk is a privately held, woman, minority-owned technology company headquartered in Silicon Valley. The 1Risk platform is a cloud-based SaaS, single, integrated, interconnected system designed to be the one source of truth for risk. Connecting Assets > Risks > Controls > Issues, C1Risk is a fully integrated, GRAPH OPEN API technology platform designed to support GRC teams of all sizes. Lead with Risk and join the next generation of GRC leadership with C1Risk.... [Read more](https://www.softwareadvice.com/hipaa-compliance/cyberone-profile/)

### Best rated features:

Audit Trail

5.0

Audit Management

5.0

Exceptions Management

5.0

Mobile Access

5.0

### Worst rated features:

Incident Management

3.0

Policy Metadata Management

4.0

Asset Tracking

4.0

[See all features](https://www.softwareadvice.com/hipaa-compliance/cyberone-profile/#key-features)

### Basic

$6,500.00/year

[See full pricing details](https://www.softwareadvice.com/hipaa-compliance/cyberone-profile/#pricing-and-plans)

### Product: Safesite

[Safesite](https://www.softwareadvice.com/audit/safesite-profile/)

4.73

[(74)](https://www.softwareadvice.com/audit/safesite-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Safesite is a cloud-based software that helps construction and real estate businesses design and conduct inspections and audits to record safety issues and ensure a secure workplace. Organizations can log hazards, define resolution timeframe, track progress, send notifications and follow-up with responsible parties. Safesite lets managers schedule maintenance of equipment and create profiles to record details such as maintenance frequency, service history and last service date. It offers a host of features including document management, customizable templates, checklists, performance monitoring and more. Additionally, administrators can plan and track the status of tasks assigned to inspectors and send alerts via SMS, email or app for pending tasks. Safesite allows managers to capture and record incidents with images and witness statements and generate various reports including theft, property/equipment damage and near misses. Pricing includes monthly or annual subscriptions and support is provided via phone, email and other online measures.... [Read more](https://www.softwareadvice.com/audit/safesite-profile/)

### Basic

$20.00/month

[See full pricing details](https://www.softwareadvice.com/audit/safesite-profile/#pricing-and-plans)

### Product: LogicGate Risk Cloud

[LogicGate Risk Cloud](https://www.softwareadvice.com/compliance/logicgate-profile/)

4.67

[(83)](https://www.softwareadvice.com/compliance/logicgate-profile/reviews/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

LogicGate Risk Cloud is a no-code governance, risk, and compliance (GRC) platform that scales and adapts to the changing business needs and regulatory requirements. It combines a suite of purpose-built applications with intuitive technology that allows risk professionals to form, evolve and communicate a market-leading risk strategy. The platform helps risk and compliance leaders go beyond the point solution with a risk and compliance management platform that scales. LogicGate Risk Cloud keeps pace with business and regulatory change, automates GRC program and shortens audit cycles. Additionally, it builds a centralized view of assets, risks and controls; unlocks a proactive risk management strategy; quantifies and communicates risk within the business context; and connects to the risk management ecosystem.... [Read more](https://www.softwareadvice.com/compliance/logicgate-profile/)

### Best rated features:

Workflow Automation

5.0

Alerts/Notifications

5.0

Policy Library

5.0

Controls Audit

5.0

[See all features](https://www.softwareadvice.com/compliance/logicgate-profile/#key-features)

### Product: PrivIQ

[PrivIQ](https://www.softwareadvice.com/compliance/gdpr365-profile/)

5.0

[(9)](https://www.softwareadvice.com/compliance/gdpr365-profile/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

GDPR365 is a compliance management solution that helps small to midsize businesses assign tasks, monitor progress and share documents, among other operations on a centralized platform. The data mapping tools let users generate flowcharts to depict the relationship between data controllers and processors and movement of data across the organization. GDPR365 enables administrators to configure the response system to capture, assess, document and resolve all data breach incidents. The compliance dashboard allows supervisors to assign tasks, schedule review dates, track task progress and send notifications about upcoming deadlines. Additionally, organizations can create multilingual white-labeled subject access request (SAR) forms and validate, respond and follow-up on all requests. GDPR365 allows businesses to set up role-based permissions, ensuring restricted distribution of information. It is available on monthly subscriptions and support is extended via email, FAQs and documentation.... [Read more](https://www.softwareadvice.com/compliance/gdpr365-profile/)

### Best rated features:

Search/Filter

5.0

Policy Management

5.0

Data Mapping

5.0

Monitoring

5.0

### Worst rated features:

Customizable Reports

1.0

PIA/DPIA

3.0

Audit Trail

4.0

Reporting & Statistics

4.0

[See all features](https://www.softwareadvice.com/compliance/gdpr365-profile/#key-features)

### Product: Essential ERM

[Essential ERM](https://www.softwareadvice.com/risk-management/essential-erm-profile/)

4.73

[(26)](https://www.softwareadvice.com/risk-management/essential-erm-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Essential ERM is enterprise risk management software designed to support risk assessment, compliance tracking, and strategic planning. It is used by organizations across industries such as financial services, healthcare, manufacturing, education, energy, public sector, and non-profits. The platform is suitable for small teams and large-scale operations, serving risk managers, business users, and executives. The software includes tools for building risk registers and conducting evaluations with automated workflows. Bow tie diagrams provide visual analysis of risk scenarios, and an automated risk voting system allows stakeholders to contribute to risk identification from any device. Operational risk management features connect enterprise risk with operational concerns through RCSA automation, action plans, and incident management. The platform generates detailed risk reports to help organizations identify trends and develop insights for risk reduction. Essential ERM supports ISO 31000 and COSO frameworks to apply established risk management methodologies. It links risk to strategy through planning and execution features, simplifying processes for risk managers. Environmental, social, and governance risk management capabilities are integrated to address sustainability concerns. AI automation enhances efficiency, and the system is designed to be accessible for business users. Flexible organizational modeling ensures users access information relevant to their roles.... [Read more](https://www.softwareadvice.com/risk-management/essential-erm-profile/)

### Best rated features:

Incident Management

5.0

Risk Management

5.0

Operational Risk Management

5.0

Risk Analysis

5.0

### Worst rated features:

Mobile Access

3.0

[See all features](https://www.softwareadvice.com/risk-management/essential-erm-profile/#key-features)

### Starter

$299.00/month

### Teams

Custom

Pricing available upon request

### Enterprise

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/risk-management/essential-erm-profile/#pricing-and-plans)

### Product: ZEBSOFT

[ZEBSOFT](https://www.softwareadvice.com/risk-management/zebsoft-profile/)

5.0

[(4)](https://www.softwareadvice.com/risk-management/zebsoft-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

ZEBSOFT is a cloud-based governance, risk management, and compliance (GRC) solution designed to help businesses streamline processes related to auditing, equipment maintenance, version control, team communication and more. Enterprises can create contingency plans, define restoring points for mid or long-term and immediate recoveries and track task progress on a centralized dashboard. ZEBSOFT enables managers to allocate tasks with deadlines and add images or evidential documents to audit reports. Businesses can analyze employees' skills to plan for staffing requirements and configure roles, responsibilities and permissions. Additionally, administrators can manage several International Organization for Standardization (ISO) certifications on a unified platform. ZEBSOFT allows enterprises to identify risks, create treatment plans and monitor operations across sites, divisions, branches departments and organizational activities. The product is available on monthly subscriptions and support is extended via phone, email, articles and other online measures.... [Read more](https://www.softwareadvice.com/risk-management/zebsoft-profile/)

### Foundation Shield (Annual)

£6,000.00/year

Foundation Shield is licensed annually at organisation level and starts from £6,000 per year. The Foundation Shield includes user licences within the annual allocation, allowing a mix of Full, Collaboration and View users without per-user monthly pricing. Additional modules and portals are added based on organisational scope and requirements. Pricing is confirmed following a demonstration. All prices exclude VAT.... [Read more](https://www.softwareadvice.com/risk-management/zebsoft-profile/#pricing-and-plans)

### Growth Shield (Modules Add-On)

£1,000.00/year

Growth Shield allows organisations to extend the Foundation Shield by adding additional compliance and governance modules. Each module is licensed annually at £1,000 per module, per year, and is added to the existing system structure rather than deployed as a standalone product. Modules may include areas such as advanced audits, risk management, incident management, CAPA, information security, business continuity and environmental management. Modules are selected based on organisational requirements and integrate fully with existing records, permissions and reporting. All prices exclude VAT.... [Read more](https://www.softwareadvice.com/risk-management/zebsoft-profile/#pricing-and-plans)

### Third-Party Portals (Add-On)

£1,200.00/year

Third-Party Portals provide controlled access for external users such as suppliers, customers and employees to collaborate securely within the Zebsoft platform. Portals are licensed annually and priced based on portal type and user volumes. Supplier and Customer Portals are priced from £120 per user per year (minimum user numbers apply). The Employee Portal is licensed as a fixed annual service. Portal users have restricted, role-based access and can submit, review and respond to information without access to the core management system. Portals integrate directly with audits, risks, incidents, actions and documents, ensuring full traceability and governance. All prices exclude VAT.... [Read more](https://www.softwareadvice.com/risk-management/zebsoft-profile/#pricing-and-plans)

[See full pricing details](https://www.softwareadvice.com/risk-management/zebsoft-profile/#pricing-and-plans)

### Product: ecoPortal

[ecoPortal](https://www.softwareadvice.com/ehs/ecoportal-profile/)

4.64

[(53)](https://www.softwareadvice.com/ehs/ecoportal-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

ecoPortal is your long-term partner in building safer, healthier workplaces. Our health and safety management platform encourages worker engagement, making it easy for everyone in your organisation to actively participate in creating a proactive safety culture. Streamline your health & safety with ecoPortal's comprehensive solution. Choose from over 30 modules, including Incident Management, Hazard & Risk Assessment, Audits & Inspections, Visitor & Contractor Management, and much more. Leverage our industry-leading, best-practice templates for an effortless implementation. Additionally, configure workflows to fit your unique organisational needs, and turn your data into meaningful reports to uncover valuable insights. Our integrated, native mobile app comes at no additional cost and ensures your teams are engaged on the go. ecoPortal Connect is optimised for mobile and designed with frontline workers in mind. It facilitates fast and accurate information capture with multimedia uploads, and voice-to-text functionality even when offline. Our solutions include: - Health & Safety Management: easily record and report incidents—from injury and illness claims to incidents and near-misses—from any device. Stay on top of needed health checks and any follow up actions. - Risk Management: store hazard and risk information so your teams can easily access it. Implement, record, track and review controls over time, fostering continuous improvement. - Quality Management: maintain quality control by centralising and streamlining processes, such as non-conformance, audits & inspections. Ensure transparency and visibility from supplier to customer, engaging stakeholders with continuous feedback loops. - Environmental Management: automate reminders for timely task completion and ensure transparent environmental data, translating into effective compliance of any environmental management system (EMS) standard, including ISO 14001. - Third-party safety: Ensure complete on-site safety of contractors and visitors with ecoPortal's end-to-end lifecycle management. Streamline prequalification, inductions, on-site access control, and performance monitoring for both contractors and visitors. - Emergency Management: ensure worker safety during emergencies with timely and accurate communication from the ecoPortal mobile App. ecoPortal’s mission is to create engaged safety cultures and healthier environments for all. Your organisation will be assigned dedicated teams that will provide ongoing support to help you succeed, partnering with you every step of the way. Embrace a proactive approach to health and safety with ecoPortal and transform your organisation’s safety culture with ease and confidence. Learn more at ecoportal.com... [Read more](https://www.softwareadvice.com/ehs/ecoportal-profile/)

### Best rated features:

Version Control

5.0

ISO Compliance

5.0

Environmental Compliance

5.0

Compliance Management

4.9

### Worst rated features:

Risk Scoring

3.0

Dashboard

3.0

Reporting/Analytics

3.0

[See all features](https://www.softwareadvice.com/ehs/ecoportal-profile/#key-features)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/ehs/ecoportal-profile/#pricing-and-plans)

### Product: Emex EHS & ESG Software

[Emex EHS & ESG Software](https://www.softwareadvice.com/audit/emex-profile/)

4.73

[(11)](https://www.softwareadvice.com/audit/emex-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Our industry-leading end-to-end solutions for ESG and EHS data reporting is designed to help businesses translate their ambitions into action, providing the tools you need to make tangible progress and achieve profitability whilst protecting people and the planet. Emex offers a cloud-based platform that consolidates all ESG and EHS processes and reporting capabilities into a single platform, leveraging high-quality data with expert insight to help clients measure, track, and advance towards their goals. Our platform is scalable, configurable, and designed to meet the needs of dynamic businesses. In doing so, we help you to optimise business performance and deliver real, measurable ROI against your sustainability goals. The Emex software provides several key benefits: • Streamlined data collection: Our platform simplifies data collection from multiple sources including flexible forms, back-office integrations, mobile devices, and IoT devices. • Improved data quality: Our data collection tools with inbuilt validation rules and workflow parameters allow you to generate quality data standardisation with a clear digital audit trail. • Actionable insights: Our advanced analytical capabilities provide highly configurable analysis and reporting tools, including trend identification for lagging and leading indicators to improve decision making. • Impactful communications: Our intuitive and human-centred design tools, including ESG dashboards and mobile access, ensure that relevant information and insights are distributed and shared with the right audiences for effective stakeholder communication. Pricing for our ESG and EHS software is per user on a monthly subscription basis. Support is available via online, phone and email.... [Read more](https://www.softwareadvice.com/audit/emex-profile/)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/audit/emex-profile/#pricing-and-plans)

### Product: TeamMate Risk & Compliance

[TeamMate Risk & Compliance](https://www.softwareadvice.com/product/163888-teammate-risk-compliance/)

4.62

[(39)](https://www.softwareadvice.com/product/163888-teammate-risk-compliance/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

TeamMate Risk & Compliance is the all-in-one GRC platform that unifies governance, risk, and compliance into a single, connected system. Built on a common controls model, it eliminates silos and creates a shared source of truth across compliance, risk, policy, vendors, incidents, and privacy. Designed for professionals managing complex, multi-framework programs, the platform streamlines workflows, automates manual tasks, and keeps your organization continuously audit-ready. Scale confidently across regulations, business units, and geographies without rebuilding your program.... [Read more](https://www.softwareadvice.com/product/163888-teammate-risk-compliance/)

### Best rated features:

Remediation Management

5.0

Assessment Management

5.0

Access Controls/Permissions

5.0

Version Control

5.0

[See all features](https://www.softwareadvice.com/product/163888-teammate-risk-compliance/#key-features)

### Product: Quantivate

[Quantivate](https://www.softwareadvice.com/risk-management/quantivate-profile/)

5.0

[(1)](https://www.softwareadvice.com/risk-management/quantivate-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

Quantivate is a web-based solution, which assists banks, credit unions, insurance, manufacturing and retail businesses with risk assessment and compliance management. Key features include data sharing, vulnerability scanning, KPI tracking, risk calculation, escalations, audit, email notifications, predefined templates and task management. The application enables enterprises to identify assets, processes or what-if scenarios, monitor past losses and manage policies/procedures. Its centralized platform helps team members store and retrieve vendor information and assess vendor risk criticality through scoring. Administrators can use Quantivate to track complaints in real-time, identify patterns based on location, product or service and monitor resolution through a built-in analytics module. Quantivate helps stakeholders create, modify, review, approve and map policies to different business processes, avoiding compliance violations such as fines, penalties and reputational damage. It comes with mobile applications for Android and iOS devices. Pricing is available on request and support is provided via email and phone.... [Read more](https://www.softwareadvice.com/risk-management/quantivate-profile/)

### Basic

Custom

Pricing available upon request

[See full pricing details](https://www.softwareadvice.com/risk-management/quantivate-profile/#pricing-and-plans)

### Product: Predict360

[Predict360](https://www.softwareadvice.com/compliance/predict360-compliance-profile/)

4.60

[(5)](https://www.softwareadvice.com/compliance/predict360-compliance-profile/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Predict360 is a flagship software solution of 360factors. It is a Risk and Compliance management platform augmented with Artificial Intelligence (A.I.) technology to predict and mitigate operational risks while streamlining regulatory compliance. Predict360 integrates risks and controls, KRIs, regulations and requirements, policies and procedures, audit and examinations, and training in a unified, cloud-based system. Predict360’s SaaS architecture and modern technologies deliver predictive analytics, data insights for predicting risk and streamlined compliance.... [Read more](https://www.softwareadvice.com/compliance/predict360-compliance-profile/)

### Product: DoubleCheck

[DoubleCheck](https://www.softwareadvice.com/scm/doublecheck-profile/)

4.50

[(2)](https://www.softwareadvice.com/scm/doublecheck-profile/)

### Pricing availability

Free trial: Available

Free version: Not available

Software Advice Summary

DoubleCheck is a cloud-based audit management solution designed for large businesses across multiple industries. It offers tools for audit planning, work paper, evidence management, report generation and issue resolution. DoubleCheck features document management functions that allow users to search through collected documents during audits. Configurable user interfaces can be designed to suit the roles and responsibilities of auditors, audit managers and upper management. Risk management, policy management, testing modules and various assessment options are also built into the software. Business intelligence module allows users to find, filter, analyze and visualize data. Issue creation and resolution tools enable users to address audit errors by creating task lists. Tasks can be assigned to specific employees, and follow up messages are automatically generated as part of the issue resolution process. Final audit report templates can be pre-populated with relevant information to expedite report preparation. DoubleCheck offers phone-based and email support, and three levels of implementation package are available.... [Read more](https://www.softwareadvice.com/scm/doublecheck-profile/)

### Basic

$5,000.00/year

[See full pricing details](https://www.softwareadvice.com/scm/doublecheck-profile/#pricing-and-plans)

### Product: Auditrunner

[Auditrunner](https://www.softwareadvice.com/capa/auditrunner-profile/)

4.56

[(16)](https://www.softwareadvice.com/capa/auditrunner-profile/reviews/)

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Auditrunner is an on-prem and cloud-based low-code platform that assists businesses with creating complex applications to automate and digitize business processes for compliance, risk management, auditing, and quality management. With drag-and-drop functionality, Auditrunner allows organizations of all sizes within the BFSI, government, healthcare, retail, energy, telecom, transportation, and IT industries to create new system infrastructure or make frequent process modifications to comply with regulatory changes. Auditrunner provides a centralized web interface that manages all aspects of the process management lifecycle – modeling, simulation, analysis, and continuous improvement to help businesses optimize current regulatory processes. Additionally, Auditrunner provides built-in modules to handle internal audit activities, risks, process controls, quality accreditation, regulatory compliance, data protection compliance, business continuity compliance, information asset inventory, action plans, audit trails, document management, certification management, meeting management, and more. Auditrunner integrates with SAP ERP, SAP HR, Oracle ERP, Office 365, Sharepoint, G-Suite, Oracle ERP, and more.... [Read more](https://www.softwareadvice.com/capa/auditrunner-profile/)

### Best rated features:

Workflow Management

5.0

Customizable Reports

5.0

Surveys & Feedback

5.0

Audit Trail

5.0

### Worst rated features:

Risk Scoring

3.7

Audit Planning

4.0

Incident Management

4.0

Issue Management

4.0

[See all features](https://www.softwareadvice.com/capa/auditrunner-profile/#key-features)

### Basic

$800.00/month

[See full pricing details](https://www.softwareadvice.com/capa/auditrunner-profile/#pricing-and-plans)

### Product: Pirani

[Pirani](https://www.softwareadvice.com/risk-management/pirani-riskment-suite-profile/)

4.53

[(212)](https://www.softwareadvice.com/risk-management/pirani-riskment-suite-profile/reviews/)

Best for:Value for money

### Pricing availability

Free trial: Available

Free version: Available

Software Advice Summary

Pirani is an all-in-one risk and compliance management platform that helps organizations control, govern, and ensure compliance across corporate processes. With Pirani, teams can define evaluation criteria, identify risks across processes, products, areas, and projects, and implement effective controls in a simple and structured way. The platform supports the entire risk lifecycle, from assessment and workflow planning to incident reporting, AML monitoring, and audit management. It enables organizations to assign responsibilities, track progress, and receive automated alerts for pending or overdue tasks, while also providing real-time dashboards and reporting to support informed decision-making. Pirani integrates seamlessly with business tools such as Active Directory, Gmail, Google Drive, Dropbox, and Power BI, ensuring risk management is connected to the organization’s existing ecosystem. Designed to be intuitive, scalable, and AI-powered through Pirani Copilot, the platform makes risk management simple, practical, and effective for organizations of any size.... [Read more](https://www.softwareadvice.com/risk-management/pirani-riskment-suite-profile/)

### Best rated features:

Issue Management

5.0

Monitoring

5.0

Incident Reporting

5.0

Approval Process Control

4.8

### Worst rated features:

User Management

1.0

Exceptions Management

3.0

Risk Alerts

3.0

[See all features](https://www.softwareadvice.com/risk-management/pirani-riskment-suite-profile/#key-features)

### Starter

$276.00/month

[See full pricing details](https://www.softwareadvice.com/risk-management/pirani-riskment-suite-profile/#pricing-and-plans)

### Product: ZenGRC

[ZenGRC](https://www.softwareadvice.com/pci-compliance/zengrc-profile/)

4.41

[(27)](https://www.softwareadvice.com/pci-compliance/zengrc-profile/reviews/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Managing compliance across multiple frameworks is painful. Audits take too long. Evidence lives in spreadsheets and shared drives. Your team spends more time chasing files than fixing gaps. ZenGRC gives compliance teams a single place to map controls, collect evidence, and stay audit-ready. Map a control once and it satisfies multiple frameworks automatically. Connect to 117 pre-built integrations and stop chasing evidence manually. Get implementation in weeks, not months. ZenGRC is built for security and compliance teams managing 3 or more frameworks: SOC 2, ISO 27001, HIPAA, HITRUST, NIST, PCI DSS, CMMC, and more. It costs a fraction of enterprise GRC tools, and it works without a dedicated GRC consultant to run it. Book a free demo to see it in action.... [Read more](https://www.softwareadvice.com/pci-compliance/zengrc-profile/)

### Best rated features:

Compliance Tracking

4.5

Sarbanes-Oxley Compliance

4.0

Archiving & Retention

4.0

Workflow Management

4.0

### Worst rated features:

Internal Controls Management

3.0

Compliance Management

3.0

Assessment Management

3.0

Single Sign On

3.0

[See all features](https://www.softwareadvice.com/pci-compliance/zengrc-profile/#key-features)

### Product: Scanmarket

[Scanmarket](https://www.softwareadvice.com/scm/scanmarket-profile/)

4.40

[(20)](https://www.softwareadvice.com/scm/scanmarket-profile/reviews/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Scanmarket is a contract and compliance management solution for businesses of all sizes designed to help streamline the entire contract lifecycle, from compliance delivery to risk mitigation and resource planning. Key features include the management of outsourcing agreements, intellectual property rights, corporate policies and procedures. Scanmarket provides teams with a drag-and-drop interface to create contracts, agreements, schedules and manage role-based access for colleagues. Its third-party risk management module helps enterprises address compliance requirements via security profiling, background checking, fraud detection, authentication and more, optimizing business processes. It comes with a legal entity management tool, which helps managers control organizational structures, accounts, shares, stakeholders’ information and signature rights on a centralized dashboard. Scanmarket facilitates integration with Microsoft Word, which allows businesses to edit contracts directly from the system. Pricing is available on request and support is extended via phone, email, documentation and other online measures.... [Read more](https://www.softwareadvice.com/scm/scanmarket-profile/)

### Best rated features:

Electronic Signature

5.0

Contract/License Management

5.0

CRM

5.0

Digital Signature

5.0

### Worst rated features:

Completion Tracking

3.0

Compliance Tracking

4.0

Version Control

4.0

Contract Drafting

4.0

[See all features](https://www.softwareadvice.com/scm/scanmarket-profile/#key-features)

### Product: SmartCompliance

[SmartCompliance](https://www.softwareadvice.com/policy-management/smartcompliance-profile/)

4.45

[(31)](https://www.softwareadvice.com/policy-management/smartcompliance-profile/)

### Pricing availability

Free trial: Not available

Free version: Not available

Software Advice Summary

Trusted by insurance brokers/carriers and property managers, SmartCompliance is a certificate of insurance management software. It helps track, collect, issue, and scan certificates of insurance and stay up to date on compliance rates. SmartCompliance helps reduce organizational risk by streamlining the compliance process using COI tracking technology. Features include COI management, insurance collection automation, optical character recognition (OCR), compliance analytics, and customizable risk reports. With SmartCompliance, agents and managers can eliminate the need for paper trails by managing all certificates, tenant policies, requirements, endorsements, and other documents all in one centralized digital location. Agents and managers can reduce time spent on manual COI and proof of insurance tracking by creating automated workflows to automatically notify insured individuals of any missing documentation. For compliance visibility, SmartCompliance is able to provide real-time insights into system activity, tenant coverage, compliance percentages, and more across all facets of the business using customizable risk reports. Additionally, SmartCompliance is able to import compliance and insurance document data into the system without the need for a large IT infrastructure and extensive user training.... [Read more](https://www.softwareadvice.com/policy-management/smartcompliance-profile/)

### Best rated features:

Compliance Management

5.0

Audit Management

5.0

Compliance Tracking

5.0

Risk Assessment

4.5

[See all features](https://www.softwareadvice.com/policy-management/smartcompliance-profile/#key-features)

1

[2](https://www.softwareadvice.com/risk-management/erm-comparison/?page=2)

## Popular Comparisons

[

MasterControl Quality Excellence vs AuditBoard

](https://www.softwareadvice.com/manufacturing/mastercontrol-profile/vs/soxhub/)[

VelocityEHS vs Pirani

](https://www.softwareadvice.com/risk-management/pirani-riskment-suite-profile/vs/velocityehs/)[

Sprinto vs LogicGate Risk Cloud

](https://www.softwareadvice.com/compliance/logicgate-profile/vs/sprinto/)[

HSI Donesafe vs ecoPortal

](https://www.softwareadvice.com/ehs/donesafe-profile/vs/ecoportal/)[

GOAT Risk vs SmartCompliance

](https://www.softwareadvice.com/risk-management/goatrisksolutions-profile/vs/smartcompliance/)

Risks are an inherent part of every business, and they come in several forms. While some risks like natural calamities and accidents cannot be foreseen, others such as financial, strategic, and operational risks can be managed and mitigated using the proper risk management framework.

[36% of businesses](https://erm.ncsu.edu/az/erm/i/chan/library/2018_Current_Report_on_State_of_Risk_Oversight.pdf) either don’t have a structured process for identifying and reporting top risk exposures to their board, or they track risks in silos with minimal reporting of aggregate risk exposures. Such businesses can use enterprise risk management (ERM) software to monitor their daily activities, identify risks, and build risk management strategies that safeguard against both internal and external business risks.

But choosing an ERM tool with the right features is a complex task. To help you, we’ve created this buyers guide that has all the information needed to evaluate the options available for your business.

Here's what we'll cover:

-   [What is ERM software?](#WhatisERMsoftware)
    
-   [Common features of ERM software](#CommonfeaturesofERMsoftware)
    
-   [What type of buyer are you?](#Whattypeofbuyerareyou)
    
-   [Benefits of ERM software](#BenefitsofERMsoftware)
    
-   [Considerations when choosing ERM software](#ConsiderationswhenchoosingERMsoftware)
    

## What is ERM software?

ERM software is cloud-based software that helps businesses identify and monitor financial, strategic, and operational risks. It assists in mitigating the impact of risks on organizations’ earnings and operations.

ERM software alerts businesses about potential risks to prevent losses and subsequent business failure. Companies can analyze these alerts and thereafter use the findings to frame relevant risk management policies, avoid risk-prone processes, and eliminate the chances of exposure to familiar risks.

Risk trends graph in [Essential ERM](https://www.softwareadvice.com/risk-management/essential-erm-profile/) ([Source](https://www.softwareadvice.com/risk-management/essential-erm-profile/)

## Common features of ERM software

Identifying the common features of ERM software will help you select a solution that offers the highest level of risk protection for your business. Here are some key features that you should look for in an ERM tool.

**Entity management**

Manage, store, and track organizational documents and records to analyze and mitigate risks across processes.

**Risk mitigation tracking**

Build a repository of mitigation activities, controls, and procedures to detect risk-prone operational areas and resources. Assess these resources and operational areas to spot process gaps.

**Compliance management**

Receive automated reminders for deadlines, maintain a record of each change or action with the help of an automatic logging system, and track compliance requirements by jurisdiction/geography.

**Reporting**

Create interactive reports using data visualization tools, such as graphs.

**Incident management**

Report security breaches and fraudulent activities, manage escalations, track investigations, analyze resolutions, and generate insightful reports.

## What type of buyer are you?

Based on the type of risk management required, there are two categories of ERM software buyers: businesses that want only compliance risk management software and business that want a complete risk management solution. Let's dive into both of these.

-   **Buyers that need only compliance risk management:** Regulatory compliance is mandated by law, and many companies need assistance with managing business risks specific to compliance management. ERM software dedicated to compliance risk management helps companies mitigate compliance-related risks. It uses data extracted from systems to provide business intelligence on processes and areas that are prone to being noncompliant. This type of software assists businesses in eliminating risks caused on account of compliance violations.
    
-   **Buyers that need complete risk management:** Besides compliance risks, businesses also need help with managing various types of internal and external risks. Internal risks are risks that arise during the normal course of business operations, while external risks can be attributed to factors beyond management’s control. A complete risk management solution offers protection against both internal and external risks. It identifies risks, analyzes the probability of these risks affecting business operations, and provides the data needed to build efficient risk mitigation strategies.
    

## Benefits of ERM software

Understanding the benefits of ERM software will help you assess why your business needs this software and build a strong business case for an investment. Following are the key benefits of ERM software:

-   **Enhanced risk forecasting:** ERM software alerts businesses to potential threats and gives them ample time to analyze and mitigate threat situations. As a result, businesses are more aware of the threats facing their operations and can use these alerts to respond immediately or frame risk mitigation strategies to tackle future threat situations.
    
-   **Improved decision making:** ERM software is often linked to a project management dashboard that’s equipped with real-time data. Analysis of this data empowers businesses with the capability to make smarter business decisions and avoid processes that are more prone to risks.
    
-   **Timely escalation of matters:** ERM software streamlines the risk management process and ensures that threats are escalated on time to the concerned personnel, who then devise a mitigation plan. The software analyzes risks in real time and sends immediate alerts when it detects a threat.
    

## Considerations when choosing ERM software

Before zeroing in on an ERM tool, you should vet all available options and also consider the impact the tool’s implementation will have on your future workflows. Here are a few key considerations that you must keep in mind to maximize return on investments (ROI) from software purchase:

-   **Analyze your existing risk management processes:** The best practice approach to buying ERM software is to first evaluate your current risk management stance. Analyze the effectiveness of your existing ERM processes and discuss the pain points faced by the security team. Once you’ve identified the pain points, choose an ERM solution that’s capable of effectively resolving these concerns.
    
-   **Availability as a mobile application:** Considering risks can arise at any time, your preferred ERM software should be available on mobile devices in the form of an app. A mobile app will help reduce desktop dependence, offer a 360-degree view of risk situations, provide anytime access to risk analyses, and ensure that you receive threat alerts while you’re on the go.
    
-   **Integration capability:** The ERM solution you wish to purchase should integrate well with your existing business applications. The integration capability will ensure that your ERM software has seamless access to business, financial, and strategic data that needs to be analyzed for potential risks and threats.
    

### Related ERM Software

-   [Accreditation Management Software](https://www.softwareadvice.com/accreditation-management/)
-   [Company Secretarial Software](https://www.softwareadvice.com/company-secretarial/)
-   [Compliance Software](https://www.softwareadvice.com/compliance/)
-   [GDPR Compliance Software](https://www.softwareadvice.com/risk-management/gdpr-comparison/)
-   [Governance, Risk and Compliance (GRC) Software](https://www.softwareadvice.com/risk-management/grc-comparison/)
-   [HIPAA Compliance Software](https://www.softwareadvice.com/hipaa-compliance/)
-   [PCI Compliance Software](https://www.softwareadvice.com/pci-compliance/)
-   [Policy Management Software](https://www.softwareadvice.com/policy-management/)
-   [Risk Management Software](https://www.softwareadvice.com/risk-management/)