Essential ERM Software

Essential ERM Software

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About Essential ERM

Essential ERM is a secure web-based Enterprise Risk Management system. Easy-to-use screens and innovative visual features engage business unit managers, executives and board members. Essential ERM is an excellent catalyst to launch new ERM programs or to quickly take existing programs to the next level of maturity. Essential ERM allows users to conduct risk assessments and analysis with built-in risk bow-tie diagrams. Run risk workshops with visual bow tie screens. Model risk scenarios by linking root causes, pre & post event mitigations, risk events, and consequences. ...

Essential ERM Pricing

Contact Tracker Networks for detailed pricing information.

Starting price: 

$299.00 per month

Free trial: 

Available

Free version: 

Not Available

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Essential ERM Reviews

Overall Rating

4.71

Ratings Breakdown

Secondary Ratings

Ease-of-use

5

Customer Support

5

Value for money

5

Functionality

4.5

Showing 1 - 5 of 21 reviews

Anonymous

Company size: 51-200 employees

Time used: Less than 12 months

Review Source: Capterra

This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

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.

Pros

I 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.

Cons

For 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).

Anonymous

Company size: 51-200 employees

Time used: Less than 2 years

Review Source: Capterra

This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

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.

Pros

Easy 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.

Cons

Reporting 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.

Reasons 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

Company size: 51-200 employees

Industry: Insurance

Time used: More than 2 years

Review Source: Capterra

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

October 2022

Good easy to use Enterprise Riaks Management Application

Essential ERM has created efficiencies in our risk tracking and reporting process.

Pros

Essential ERM is easy to configure and use. Manual processes can be automated to make ERM administration and reporting much more efficient.

Cons

Transitioning 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.

Ahmed

Company size: 1 employee

Industry: Accounting

Time used: Less than 6 months

Review Source: Capterra

This review was submitted organically. No incentive was offered

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

August 2021

Comprehensive review

Pros

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

Cons

There 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

Company size: 2-10 employees

Time used: Less than 6 months

Review Source: Capterra

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

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!

Pros

Essential 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!

Cons

Despite 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.

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