Integrated Risk Management Software

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Showing 1 - 20 of 79 products
Showing 1 - 20 of 79 products

NAVEX IRM (formerly Lockpath)

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 fro...Read more

4.65 (20 reviews)

4 recommendations

Onspring

Onspring is a cloud-based, no-code software for reporting, analysis, process management, and coordination. Our connected solutions for Governance, Risk & Compliance, ITSM, and Business Operations create efficiencies for your teams...Read more

4.73 (49 reviews)

3 recommendations

Risk Cloud

LogicGate is a cloud-based SaaS solution that helps organizations automate their risk and compliance programs. Instead of depending on spreadsheets and email to handle the most critical risk and compliance activities, LogicGate ce...Read more

4.71 (28 reviews)

3 recommendations

Vendor360

Vendor360 is a risk management solution designed to help businesses manage vendor selection, evaluation and onboarding processes. The application allows administrators to analyze vendors through pre-defined or custom-built questio...Read more

No reviews yet

2 recommendations

AuditBoard

AuditBoard transforms how audit, risk, and compliance teams manage today’s dynamic risk landscape with a modern, connected platform that engages the front lines, surfaces the risks that matter, and drives better strategic decision...Read more

4.72 (57 reviews)

1 recommendations

Fusion Framework System

The Fusion Framework System is a risk and resilience platform designed to help businesses understand how their business works, how it breaks, and how to put it back together again. Fusion's software helps organizations visualize t...Read more

4.45 (40 reviews)

1 recommendations

Resolver

Resolver’s risk management software is a cloud-based solution for midsize to larger enterprises that serves customers across a variety of industries and business needs. These industries include banking and financial services, heal...Read more

4.53 (15 reviews)

1 recommendations

BuildingConnected

BuildingConnected provides the largest crowd-sourced network in commercial construction, empowering builders to save time and increase accuracy while managing bids. BC Pro helps general contractors and owners find the right subcon...Read more

iAuditor

iAuditor by SafetyCulture is an inspection checklist application that allows users to build checklists, file reports and conduct inspections through a tablet or mobile phone. The solution is designed for a wide range of industries...Read more

Netwrix Auditor

Netwrix Auditor is a security solution that helps organizations overcome compliance and operational challenges. Netwrix solutions empower you with total control over what's going on in your hybrid IT environment by delivering acti...Read more

Software pricing tips

Read our Integrated Risk Management Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

HighBond

The HighBond by Diligent (formerly Galvanize) Platform is modernizing governance by providing companies with a holistic view of governance, risk and compliance initiatives that helps them achieve their strategic objectives while c...Read more

4.47 (79 reviews)

A1 Tracker

A1 Tracker Contract Management Software is a cloud-based contract management & lifecycle platform. A1 Tracker's features include contract approval workflow, documents, vendors, audits, reminder notifications, templates, certi...Read more

4.91 (55 reviews)

EcoOnline Platform

EcoOnline EHS is recognised as the most user-friendly EHS software solution on the market. With an innovative approach to user accessibility and business intelligence, EcoOnline engages all users to efficiently record data and obt...Read more

4.61 (54 reviews)

VendorINSIGHT

EnterpriseInsight is a SaaS platform that helps users manage business risk. With configurable pre-built risk frameworks, it overcomes the complexities of implementing and updating other ERM-GRC platforms. The interface is equipped...Read more

4.49 (49 reviews)

Gatekeeper

Gatekeeper is a cloud-based vendor and contact management solution. Key features include automated alerts, customization and collaboration tools and integrations with other software. Users can manage contracts and vendor in...Read more

4.77 (47 reviews)

Keto

Keto is a cloud-based solution that helps businesses create automated workflows to manage teams, projects, ideas, tasks, risks and other operations via a unified portal. The platform includes sprints and flip views, which enable u...Read more

3.98 (46 reviews)

Tandem Software

Tandem's web-based application is designed to manage the compliance burden of information security regulations and improve the security posture of each of its users. Tandem is a business-to-business software as a service (SaaS) co...Read more

4.76 (37 reviews)

VelocityEHS

VelocityEHS ESG|EHS software is trusted by 1/3 of the Fortune Global 1000 and thousands of other companies across industries to manage the environment, health, and safety programs. VelocityEHS modules include incident management...Read more

4.19 (26 reviews)

ecoPortal

ecoPortal is a risk management software for businesses in New Zealand, which helps them conduct environment, health and safety (EHS) from a centralized platform. Managers can receive notifications about safety incidents and affect...Read more

4.58 (26 reviews)

ZenGRC

ZenGRC is a cloud-based and on-premise governance, risk and compliance (GRC) management solution. It serves businesses of all sizes in any industry, including technology, retail, consumer goods, health care and finance. Primary fe...Read more

4.44 (25 reviews)

Buyers Guide

Last Updated: June 24, 2022

Efforts to manage organizational risks yield better results when there is a data-based approach. Integrated risk management software adds to that approach by collecting key risk indicator (KRI) data and computing risk across a range of categories. This intelligence informs many decisions about risk management, compliance, and operations.

This buyers guide will explain how integrated risk management software helps companies make better decisions.

Here’s what we’ll cover:

What is integrated risk management software?

Integrated risk management software is a tool that helps companies measure and address various kinds of business risks. For example, it helps ensure compliance with policies and regulations.

Integrated risk management software improves upon older governance, risk, and compliance/controls (GRC) tools. GRC tools mostly focus on government regulations and audits and stop short of offering top-to-bottom insights into all the risks an organization faces. That’s where advanced integrated risk management software comes in.

Common features of integrated risk management software

Most integrated risk management platforms offer some or all of the following features:

Dashboard Review all your bottom-line statistical insights in graphs and charts in one location.
Key risk indicator monitoring Allow managers to define risk thresholds, observe trends, drill down on metadata, and benchmark goals for various entities. Link directly to controls for compliance and auditing purposes.
Risk assessment Collect and analyze key data about enterprise risk. Monitor industry-specific controls and business processes.
Risk mitigation planning Develop strategies for risk avoidance, control, transfer, or assumption.
Compliance management Track and manage failures to comply with policy in services, products, processes, and supplier behavior.
Risk repository Consolidate risks and supporting risk reports into a single source of truth for your organization. Access this repository on premise or remotely through the cloud.
Response management Track risk status and remediation efforts from a centralized location. Initiate corrective and preventive actions (CAPA) at the root cause of errors to avoid recurrence.

What type of buyer are you?

Choosing the right integrated risk management software begins with understanding what type of buyer you are. Most buyers fall into one of the following categories.

Small businesses: Many companies with fewer than 100 employees and no IT department may have never used any kind of risk management software before. Look for entry-level integrated risk management software that offers the basic features your company actually needs. Flashy features and attractive displays are less important than selecting a solution that your team can understand and use.

Midsize businesses: Companies with 100 to 1,000 employees tend to have more sources of risk than smaller firms do. Look for solutions that offer deeper customization and KRI benchmarking. Compliance tools should automatically collect data about adherence to company policies and regulatory obligations. Consider integrated risk management tools designed for your industry.

Enterprise businesses: Companies with more than 1,000 employees need richer entity segmentation to track controls by department, business segment, or region. If your risk managers travel or are responsible for multiple facilities, they may prefer cloud access over on-premise solutions. Also, you can improve transparency by choosing a solution that gives your employees access to employee-focused risk dashboards.

Benefits of integrated risk management software

Integrated risk management software offers many data-driven benefits to risk managers and the organizations they protect:

  • Create a proactive, risk-aware culture: Naming and addressing risks helps decision makers at every level choose more calculated options.
  • Make better use of risk reporting analytics: Monitor each risk's trends and progression. Quantify the real business impact of your risk management decisions. Heat maps, scorecards, graphs, pie charts, and other visualizations summarize complex data at a glance.
  • Prioritize risks by assigning accurate scores: Assign and assess values for each risk you define. Evaluate risks based on each scenario's likelihood (from "rare" to "almost certain") and impact (from "insignificant" to "catastrophic").
  • Stay organized throughout the risk life cycle: Define new risks at any time and monitor them in context alongside all your other risk mitigation priorities.

Market trend to understand

Risk managers are beginning to calculate risks based on all business decision-making, not just regulatory compliance. For example, a perfectly compliant organization may enact business strategies that prove unpopular among employees. Simple risk management or GRC software would only quantify risks based on compliance with regulations and internal policies. However, integrated risk management software is considered "integrated" because it could be configured to factor in the likelihood and financial impact of an employee strike or other union action. Integrated risk management software quantifies complex variables to provide a complete picture of organizational risk. This data helps companies make better strategic decisions while also addressing traditional GRC objectives.

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