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Advance operational risk management & compliance assurance excellence with Benchmark ESG’s Risk Management Software. Learn more about Benchmark Risk + Compliance
Achieve your operational risk management and compliance assurance objectives with Benchmark ESG’s Risk Management?Software. This comprehensive solution suite enables organizations to operationalize the foundation of their ESG risk mitigation programs and protect from loss, fines and adverse business impacts. Provide your functional leaders with robust digital tools to effectively identify, manage, and mitigate risk, enhance program performance, and deliver on compliance commitment. Learn more about Benchmark Risk + Compliance

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Integrated risk management software that identifies, assesses, responds to, and monitors your enterprise risks. Learn more about Diligent HighBond
HighBond centralizes and simplifies core risk management activities in a single, integrated platform, across the end-to-end risk process. The software also reduces subjectivity by seamlessly integrating risk indicators into the assessment process. Plus it helps distributed teams identify risks and aggregate risk assessments through remote workshops. As a result, risk management spends less time on process administration and more time effecting change. Learn more about Diligent HighBond

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Canada Local product
Put your health and safety risk management framework into action Dozens of features help you protect equipment, property, and people. Learn more about Sofvie
The first steps in risk management are recognition and controls to de-risk. Sofvie delivers unprecedented authority to frontline workers with the ability to report risks, assign accountability, and retain transparent access to the status of controls. This data accumulates into powerful dashboards, allowing you to audit the quality of controls, identify trends, and generate reports with the click of a button. Sofvie also includes a well defined custody of risk and prescriptions. Learn more about Sofvie

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Canada Local product
Resolver’s risk management software makes it easy to collect, connect, analyze, and drive action from your risk & control data. Learn more about Resolver
Choose the risk management software used by over 1000 of the world’s largest organizations. Resolver makes it easy to collaborate and collect data from across the enterprise, allowing teams to understand their risk landscape and control effectiveness fully. Understanding your data is one thing; being able to use it to drive action—that’s vital. Resolver automates workflows and reporting to ensure risk intelligence turns into risk reduction. Learn more about Resolver

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Build a more resilient organization through an integrated approach to risk management with the Fusion Framework System. Learn more about Fusion Framework System
The Fusion Framework® System helps organizations analyze risk and proactively manage how it impacts your ability to deliver critical products and services. Users can map relationships between risks across your processes, sites, systems, and third parties. Fusion’s platform enables you to connect your team with the risk insights they need, identify threats, and make things right before they escalate. Learn more about Fusion Framework System

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Next-generation GRC platform enabling teams to implement, assess, monitor and manage risk and compliance across the organization. Learn more about Alyne
A full-suite GRC platform for ESG, cyber, governance, risk and compliance – designed to deliver data-driven insights powered by AI technology to innovative organizations. Perform Integrated Risk Management, Policy Management, IT and Cyber Risk Assessments, Third Party Risk and more. Intuitively identify risks in real-time, increase transparency and compliance efficiency, and collaborate effectively across your enterprise and third parties. Learn more about Alyne

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Log360 is a comprehensive SIEM solution that helps you combat threats on premises, in the cloud, or in a hybrid environment. Learn more about ManageEngine Log360
Log360 is a SIEM solution that helps combat threats on premises, in the cloud, or in a hybrid environment. It also helps organizations adhere to several compliance mandates. You can customize the solution to cater to your unique use cases. It offers real-time log collection, analysis, correlation, alerting and archiving abilities. You can monitor activities that occur in your Active Directory, network devices, employee workstations, file servers, Microsoft 365, cloud services and more. Learn more about ManageEngine Log360

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
ThreatMark enables banks to secure trusted banking experiences with legitimate users, seamlessly across all digital channels. Learn more about ThreatMark
ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark's AI-powered technology to build secured banking experience by precisely validating their legitimate users, seamlessly across all digital channels. All while securing the users' most precious assets and keeping the fraudsters away. Learn more about ThreatMark

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Optial SmartStart is a modular solution that supports and underpins an organisation's GRC activities. Learn more about Optial SmartStart
Optial SmartStart is a leading GRC enterprise software, providing advanced risk solutions globally for over 20 years. Its Risk Module is built upon a powerful and flexible platform, providing linked Risk Assessments, Risk Definitions, Risk Appetite statements and Mitigation Plans, plus a rich suite of insightful Risk Reporting. Utilising workflows & frameworks across the Organisation, the Risk Module will suit your risk management activities, whether you have 10 seats or over 20,000 seats. Learn more about Optial SmartStart

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
AuditBoard transforms how audit, risk, and compliance professionals manage today’s risk landscape with a modern, connected platform. Learn more about AuditBoard
AuditBoard is the leading cloud-based platform transforming audit, risk, and compliance management. More than 35% of the Fortune 500 leverage AuditBoard to move their businesses forward with greater clarity and agility. AuditBoard is top-rated by customers on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the third year in a row as one of the fastest-growing technology companies in North America by Deloitte. Learn more about AuditBoard

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
#1 Risk Management platform to solve ALL your requirements. Simple for workers to use, simple for managers to customize. Try now. Learn more about HSI Donesafe
#1 Risk Management Software solution that connects your management system from your visitors to your internal management team. Donesafe makes it fast and easy to access, enter and report visitor data in real time. Donesafe is a modern & fresh platform with end to end functionality. It works online with any device, including offline with native iOS and Android apps. Use our out-of-the-box templates or configure to align with your specific requirements. Try now. Learn more about HSI Donesafe

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Quentic: The complete package when it comes to EHS and CSR management software. Start your free demo today! Learn more about Quentic
Quentic is the ideal solution for your EHS and sustainability management needs. Firmly rooted in expertise, the cloud-based software is tailored to your tasks and brings together all the functions you need. Use a tried-and-true system that lets you combine a diverse array of software modules and customize them according to your needs. Documentation, organization, evaluation all done in the blink of an eye. Get a precise overview of your data, whether global analyses or detailed information. Learn more about Quentic

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Cloud risk management software for any business size. Simple. Flexible. Scalable. Setup in minutes. Start a Free 30-Day Trial. Learn more about QT9 QMS
Risk management software made easy. Connect risk records for all your risk assessments with QT9 QMS. Save time & improve quality with automated email alerts, built-in document control, corrective actions (CAPA’s), audits & more. Easily setup your risks by assigning actions, risk scores, tasks, priorities, employees, etc. Real-time dashboards give you a quick view of risk assessments by location, category and status. Get a complete audit trail with a detailed timeline. Start a Free Trial! Learn more about QT9 QMS

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Ondato designs a comprehensive suite of information security controls to address customer and architecture security risks. Learn more about Ondato
Ondato designs and implements a comprehensive suite of information security controls and other forms of risk management to address security risks. A must-have for any business operating in the digital space, Ondato reduces risks of fines, has 0% fraud tolerance and saves up to 90% of what companies usually spend on compliance and data management. Learn more about Ondato

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Canada Local product
Flare is the proactive external cyber threat detection solution that helps security teams visualize and manage external cyber risk. Learn more about Flare
Flare is the proactive external cyber threat detection solution for organizations. Our AI-driven technology constantly scans the online world, including the dark and clear web, to discover unknown events, automatically prioritize risks and deliver actionable intelligence you can use instantly to improve security. Learn more about Flare

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Canada Local product
Risk Management solution for your InfoSec compliance and risk program. Making risk and compliance management simple & approachable. Learn more about StandardFusion
StandardFusion is an end-to-end GRC solution trusted by organizations globally to manage their risk. Transform your risk management program with a centralized system of record and mitigate emerging risks. Test the strength of your program, automate management processes, and eliminate guesswork by delivering actionable insight across dashboards and reports. We make risk management simple and efficient so organizations can focus on growing their business. Learn more about StandardFusion

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Risk Cloud is a nimble, risk optimization platform that adapts with your business, no matter what happens. Learn more about Risk Cloud
LogicGate Risk Cloud is a uniquely nimble platform that allows you to take control of your risk management program and scale it to meet the needs of your organization. The only constant in business is change, which is why you can change and scale your risk management program with Risk Cloud so that it not only fits the needs of your business today but that it can also meet the needs of your business in the future. Learn more about Risk Cloud

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
GOAT is an easy to use Enterprise Risk Management system expertly designed to help non-risk experts. From £30/mo for up to 5 users. Learn more about GOAT Risk
GOAT Risk. The pain free way to manage risk - so you can get on with managing your business. GOAT is an easy to use, low cost Enterprise Risk Management software solution packed with all the tools you need to manage risk effectively. Track, collaborate and report on risk from anywhere in the world using a modern, intuitive interface. Sensible, transparent pricing. Suitable for businesses of all shapes and sizes. No set-up costs. Monthly rolling subscriptions from just £30/mo for up to 5 users. Learn more about GOAT Risk

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Redefine the way your organization pursues opportunity and manages risk with industry-recognized software solution Camms.Risk. Learn more about Camms.Risk
Better equip your organization to make the right business decisions with an easy to use GRC Management Software solution. Make operational risk management part of your company culture so you can identify, track and manage risks with confidence. Cloud-based and ISO 3100:2009 & COSO framework compliant, Camms.Risk features a simple user interface, pre-configured risk, incident & hazard management templates and easy-to-read dashboards to improve visibility across all organizational levels. Learn more about Camms.Risk

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Ventiv IRM enhances and simplifies risk management by eliminating data silos and providing real-time insights with powerful analytics. Learn more about Ventiv IRM
Ventiv IRM provides risk managers with powerful analytics, robust reporting, and a modern user experience designed to enhance risk management across the enterprise. With Ventiv IRM, you can capture, consolidate, and integrate multiple sources of data to establish a central source of truth. Make data-driven decisions that drive optimal outcomes with real-time access to your risk and claims information. Learn more about Ventiv IRM

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Wrike is a risk management platform with features such as time tracking tools, automated reports, authentication, and data encryption. Learn more about Wrike
Wrike is a risk management platform used by more than two million people across 140 countries. Try Wrike's powerful software to manage your finances, reduce project risk, and increase profitability. Use time tracking tools to optimize your resources and ensure you stay within budget. Automate reports to gain valuable insights into your projects and identify any potential risk areas. Keep your data secure with enterprise-level security, including role-based access and authentication. Learn more about Wrike

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
The #1 QMS for Life Science. Trusted QMS for electronic document control, real-time collaboration, corrective action, audit, and more. Learn more about MasterControl Quality Excellence
MasterControl Risk gives a comprehensive overview of risk management in an entire organization, including different product lines, business processes, and business units. This visibility also provides uniformity, ensuring a standard risk analysis process is used by all employees. The solution gives companies automatic tracking and the capability for robust analysis of recurring issues to detect underlying problems, which can then be addressed to avoid recalls or regulatory action. Learn more about MasterControl Quality Excellence

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Canada Local product
Purpose-Built Enterprise EHS Software Solutions Designed, Deployed, and Supported by Certified EHSQ Professionals. Learn more about Cority
Cority Risk Assessment & JHA software is an important component of our Environmental, Safety and Industrial Hygiene software suites. Our team of EHS professionals have collaborated with experts from client companies to deliver market-leading risk assessment software. This robust solution will enable you to plan and build an effective risk assessment program and perform ongoing analysis to continuously evaluate and mitigate risk. Learn more about Cority

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Canada Local product
Software for managing compliance that checks qualifications, tracks mandatory documentation and shows compliance levels in real time. Learn more about Contractor Compliance
Replace your ineffective, time consuming manual compliance process with Contractor Compliance and reduce risk instantly! Streamline your existing process of collecting, managing and re-qualifying mandatory Contractor requirements (such as insurance certificates). Upcoming audit? Improve and monitor your compliance levels in real time. Digitize your current process to save time, reduce risk and manage third-party compliance across any device, anywhere and at any time. Learn more about Contractor Compliance

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Intellect offers modern QMS & EHS software solutions with a no-code platform that empowers everyone to innovate. Learn more about Intellect QMS
Intellect QMS software reduces Cost of Quality (CoQ), improves quality operations, and meets compliance. Our apps are designed by certified quality experts and can easily be tailored with our no-code platform and drag-and-drop technology to fit your exact business needs. Give your team remote access, mobile apps, dynamic workflow, analytics and reporting with a modern and easy to use solution. Apps include Document Control, Employee Training, Audit Management, CAPA, Nonconformance, and more. Learn more about Intellect QMS

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Regroup is the mass notification solution that helps mitigate risk, identify threats and keep your whole company informed at all times. Learn more about Regroup Mass Notification
Keep your company’s projects and processes running smoothly with Regroup Mass Notification. Our robust cloud-based platform sends critical and day-to-day messages to your entire team via mobile, email, text/SMS and even landlines. Use Regroup for two-way messaging to address threats quickly, or send planned messaging to keep the team informed. Regroup helps mitigate risks, ensure compliance and reduce costs with an award-winning and reliable messaging platform. Learn more about Regroup Mass Notification

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Risk management solution that helps users manage risk, documentation, compliance, workflows, reporting, and testing and training. Learn more about Qualtrax
Qualtrax is a complete quality and compliance software system used to manage risk, control documentation, automate business processes, manage customizable risk management workflows, streamline training, manage internal and external audits and ensure implementation of critical industry regulations in real-time. Ideal for heavily-regulated industries, where compliance with standards including ISO 17025, 17020, 13485, and 9001, TNI, GFSI, FDA, and FQS are required. Learn more about Qualtrax

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
New generation risk management software designed to meet complex risk reporting, metrics, & notifications to streamline management. Learn more about A1 Tracker
Powerful & user friendly risk management software with dashboard metrics & charts, web portal, threat assessments, risk audits, risk log history, workflow approvals, notifications, alerts, threat response, risk ratings, and documents. Reporting integration with financial software. Offers supporting modules to track events, incidents, contracts, insurance, claims, projects, and assets. Works across all industries and offered fully hosted or self hosted with professional support & training. Learn more about A1 Tracker

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
VendorInsight is a leading VRM solution with risk tracking, customizable reporting, vendor portal, workflow, and unlimited storage. Learn more about VendorINSIGHT
VendorInsight is a web-based vendor risk management solution that simplifies your vendor and contract management process through automated workflows, easy-to-use features, and vendor news and risk monitoring. VendorInsight provides a turn-key solution that includes regulatory alerts and updates for financial services, healthcare, and others. Use the pre-built policies, vendor portals, templates & forms to simplify your due diligence, contract monitoring, and risk management efforts. Learn more about VendorINSIGHT

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
TeamMate+ is built for purpose to assist audit teams efficiently and effectively move through the audit workflow. Learn more about TeamMate+ Audit
TeamMate+ is built for purpose to assist audit teams efficiently and effectively move through the audit workflow. From establishing annual plans to planning audits, from fieldwork and execution to reporting, to closing the audit and follow-up. Use decisive integration to collaborate with stakeholders and collect data in real-time, to deliver insights to stakeholders. Learn more about TeamMate+ Audit

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Save time and manage risk by switching from paper-based processes to digital ones. Learn more about Fluix
Provide your field team an inspection solution that they can learn fast, while you can manage operations from wherever you are instantly, as well as analyze data collected. Fluix is used to conduct safety, quality control, and operations inspections across different industries (construction, utilities, transportation, facility management, etc.) Learn more about Fluix

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
The cloud-based IntegrityNext platform enables companies to monitor 100% of their suppliers for sustainability. Learn more about IntegrityNext
IntegrityNext enables organizations to monitor 100% of their suppliers for sustainability & compliance in order to meet the regulatory requirements. The IntegrityNext platform automatically obtains the required supplier self-assessments and certificates while monitoring social media for malpractice and reputational risks. Among others, IntegrityNext covers Anti-Bribery & Anti-Corruption, Environmental Protection, Human Rights & Labor, Health & Safety, Cyber Security and Business Continuity. Learn more about IntegrityNext

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Smart mobile platform for auditing & inspections. The efficient way to improve quality, safety, operational standards & compliance. Learn more about GoAudits
Smart mobile app and complete solution for auditing & inspections. Plan and schedule inspections, conduct fast mobile audits on your favorite device (even offline), immediately assign corrective tasks. After an inspection, instantly generate insightful reports and automatically email them to the right people for real-time information. With our advanced analytics dashboard, gain unprecedented insights into your operations and maximize your ROI. Simple and affordable solution for professionals. Learn more about GoAudits

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Falcony is a web app that enables you to conduct all inspections and report any observations on every device - both online and offline. Learn more about Falcony
audits.io is a fully customisable tool that works on all devices - both on and offline. Conduct audits and inspections on the go with your mobile or tablet and continue the work on a computer if you feel so. Attach images and other files, assign corrective actions and notify responsible people, share the automated PDF-reports to stakeholders, and analyse bottlenecks and trends from the real time statistics. Digitalise Risk Management in your organisation today! Learn more about Falcony

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Proactive Best Practice & Security Analysis for AWS, Azure, Kubernetes, VMware & Windows & Linux OS. Learn more about Runecast Analyzer
An AI-powered solution that allows businesses to keep their workloads secure and compliant anywhere. Your teams can do more with a single platform that checks your cloud infrastructure, for increased visibility, security and time saving. Runecast helps reduce operational overheads, increase clarity and easily assess infrastructure vulnerabilities and manage regulatory compliance. Learn more about Runecast Analyzer

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
ETQ Reliance Risk Management enables a proactive approach to risk with the agility to meet quality challenges before they occur. Learn more about ETQ Reliance
ETQ is the leading provider of quality, compliance and health & safety software trusted by more than 600 global brands in industries from manufacturing and life sciences to food & beverage and electronics, and many more. ETQ Reliance features 40 applications like document control, supplier quality, audit management, risk management, advanced analytics and non-comformace/corrective actions to deliver the powerful flexibility, scalability and security to drive business excellence through quality. Learn more about ETQ Reliance

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
A Gartner Magic Quadrant Leader in 2014, 2015, 2016, Nlyte has the largest and most sophisticated DCIM implementations in the world. Learn more about Nlyte DCIM
IT teams implement Nlyte to automate, manage, and de-risk critical infrastructure. From the data center, colo, edge, and cloud, Nlyte discovers, manages, and reports on physical and virtual compute, infrastructure, software, and IoT assets. Nlyte includes asset, power, and energy monitoring, management. Asset Lifecycle includes capacity management, what-if planning, predictive analytics, workflow, and out of the box integration with IT, BMS, and critical BI systems. Learn more about Nlyte DCIM

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
LogicManager is an all-in-one risk management software solution that serves customers across all industries worldwide. Learn more about LogicManager
LogicManager is an unparalleled risk management platform that is consistently placed highest in ability to execute on Gartner's Magic Quadrant reports and recognized as an industry leader by the Forrester Wave Report. Along with offering best-in-class software for risk professionals worldwide, LogicManager provides unlimited, complimentary access to their expert team of risk advisors. Learn more about LogicManager

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
SpiraPlan is a turn-key Enterprise Program Management system that helps identify, manage, track and treat risks in your programs. Learn more about SpiraPlan
SpiraPlan is an Enterprise Program Management system that helps companies of all sizes manage and mitigate risk. SpiraPlan comes with a built-in enterprise risk management system that lets you identify, analyze, treat, and monitor risks with support for risks, mitigations, tasks and risk cubes. The risk functionality in SpiraPlan seamlessly integrates with requirements and project management features. Learn more about SpiraPlan

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Fraud.net is a leading fraud prevention & fraud detection platform for enterprises in the financial services & digital commerce sector. Learn more about Fraud.net
Increase revenues and reduce fraud, affordably. Recognized in Gartner’s Market Guide for Online Fraud Detection, Fraud.net is a leading KYC/AML, fraud prevention and fraud detection platform for enterprises in the financial services and digital commerce sectors. Our powerful SaaS solution combines AI & deep learning, collective intelligence, rules-based decision engines, and streaming analytics to detect fraud in real-time, at scale. Request a demo today to learn more! Learn more about Fraud.net

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Risk and compliance management solution with auditing, analytical, and data management capabilities. Learn more about JCAD CORE
JCAD CORE is a fully customizable compliance and risk management software solution. Our latest version, CORE 5 was released in the summer of 2022 and offers a fresh interface and great new features. This intuitive, cloud-based solution offers businesses a robust framework that enables controlled management of risk and compliance with a clear link to strategies and objectives. JCAD CORE's clients span a variety of industries, including housing, education, utilities, and government sectors. Learn more about JCAD CORE

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Real-time, risk-driven lifecycle management platform with full ownership of policy automation, increased efficiencies and reduces risk. Learn more about KYC Portal
The system is fully focused on automating the back-office of KYC & due diligence processes. Starting from the aspect that it allows the client to fill in directly & upload all necessary documents related to the entire on-boarding process. KYCP also automates the calculation of risk, based on pre-defined dynamic parameters which allows for instant automation on how the application should be handled. KYC Portal is an award winning fully dynamic, risk-driven Client Lifecycle Management platform. Learn more about KYC Portal

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Aprenet's Fastcheck provides comprehensive tools for AML, KYC and Terrorist Financing Learn more about Fastcheck
Aprenet's Fastcheck software provides comprehensive solutions for AML (Anti-Money Laundering), KYC (Know Your Customer) and Terrorist Financing. Fastcheck has all the tools you need to meet the requirements and be in compliance with the law, all while protecting your company. Find out if your clients show up in black lists, detect high-risk operations, calculate the client's initial risk profile and more. Learn more about Fastcheck

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
FileHandler keeps you on track with automation and customization, creating a standard claims management process for your business. Learn more about FileHandler Enterprise
FileHandler Enterprise is an intuitive claims administration system designed to help streamline and automate workflows for the claims and risk management market. Complete with new dashboards, reporting functionality, business intelligence tools, and improved security, FileHandler Enterprise is the new benchmark for Claims Management Software. Learn more about FileHandler Enterprise

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
This software allows you to manage risk according to established principles, define & track treatment strategies, and visualize risks. Learn more about AdaptiveGRC
AdaptiveGRC Risk Management Suite transparently applies established principles (e.g., ISO 31000) to governing, managing, analyzing, visualizing, and reporting your exposures to risk according to your directives. It allows you to define and track risk treatment strategies based on controls and corrective action plans. Our reporting visualization of the risk register can intuitively show you (via customized heatmaps and dashboards) over 12 risk dimensions tailored to your organization’s needs. Learn more about AdaptiveGRC

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Address real-time risks against your business with the industry's only integrated security ratings and vendor assessment solution. Learn more about SecurityScorecard
SecurityScorecard is the global leader in cybersecurity ratings, enabling organizations to continuously monitor their cybersecurity posture. Assess and address real-time security risks against your business with continuous data-driven monitoring of your entire digital footprint, including your third-party vendors. Sign up for a free account and claim your score! Learn more about SecurityScorecard

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
We are a leading provider of demand planning, risk management, forecasting, and inventory optimization solutions. Learn more about Smart IP&O
Smart Software offers Smart IP&O, an integrated set of native web applications for risk management, demand planning, inventory optimization, and supply chain analytics. It provides a single, easy to use, easy to scale, easy to collaborate, environment with robust inventory and forecast modeling. Our implement one, implemented for all approach means you can address a discrete set of needs initially and add new apps when ready without additional implementation costs. Learn more about Smart IP&O

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
The Safety Risk Assessment Software on Microsoft 365. For 1,000+ Employees. Starts at US$37,500/year. View A Demo! Learn more about Pro-Sapien EHS Software on Microsoft 365
Discover the Risk Assessment Software on Microsoft 365 with an Annual License starting at US$37,500/year. Seamless integration with SharePoint, Teams and Power BI lets everyone spend less time on admin, and more time on things that matter. Identify hazards, manage control actions & understand EHS risk across the business with Pro-Sapien. Simple access in Microsoft 365. Easy to use forms. Automated approval workflows. Clear KPI reports configured to you. Get in touch or view a demo today! Learn more about Pro-Sapien EHS Software on Microsoft 365

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
iDenfy is a global all-in-one fraud prevention platform. By combining artificial intelligence, biometric technology. Learn more about iDenfy
iDenfy is a global all-in-one fraud prevention platform. By combining artificial intelligence, biometric technology, and an in-house team of KYC experts, iDenfy helps prevent fraud and stay compliant while ensuring a user-friendly ID verification. Learn more about iDenfy

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment
Innovative ERM software that is specifically designed to mimic how risk and risk management function in the real world. Learn more about Aperitisoft
Innovative ERM software that is specifically designed to mimic how risk and risk management functions in the real world. We believe that software should conform to your ERM Program, not the other way around. Configure the qualitative scoring method your way. Analyze risks quantitatively with our built-in Monte Carlo simulation engine. Easily manage risks from cycle to cycle. Enjoy a wide variety of reports that support executive decision-making from different perspectives. Learn more about Aperitisoft

Features

  • Audit Management
  • Compliance Management
  • Corrective and Preventive Actions (CAPA)
  • Alerts/Notifications
  • Risk Assessment

Risk Management Software Buyers Guide

Introduction

Risk management software assists Canadian businesses by reducing their exposure to operational and enterprise-level risks, primarily through the effective use and management of data. In order to achieve this, enterprise risk management (ERM) solutions of this kind will typically allow users to measure levels of risk within existing processes, activities, or projects, prioritize the risks that are most important or most critical to business success, document regulations, and create reports on the current status of risks, as well as on specific incidents that occur within the organization.

With the use of an effective risk management framework, Canadian companies and their employees should find it easier to adopt appropriate actions to mitigate risk and take preventative action to stop those risks from becoming real issues. Additionally, deploying risk management tools can allow businesses and other organizations to create a risk-aware culture, which can be advanced through policies, planning, business processes, decision-making, and training activities.

While there are a variety of different risk management systems on the market, all with their own precise range of features and functions, there are areas of consistency too. Some of the defining components of applications of this kind include built-in tools that can assist Canadian organizations with risk identification, risk assessment, risk mitigation, and taking preventative action. Moreover, most tools will also offer options for carrying out audits and creating relevant reports.

Although the functions of risk management software are quite specific—in that it is intended to assist users with managing risk, achieving compliance, and avoiding unnecessary problems—it can function alongside a variety of other tools, and there is some significant crossover with other software solutions. Examples of related programs include governance, risk and compliance (GRC) software, audit software, and financial risk management software.

Within the category of risk management software, there are numerous options to choose from, and these will all offer their own unique range of features and have their own plus points and drawbacks. Nevertheless, there are also some core features, which can be viewed as category-defining, and which can be found in the vast majority of applications of this type. When using a risk management platform, these core features will generally allow a business to:

  • Identify risks, classify them, and assign a score, rating, or indication of how serious the threat is
  • Assess internal processes and ensure compliance with rules, regulations, and legislation
  • Define key risk indicators (KRIs) and set alerts for when specific breaches or failures transpire
  • Create reports on compliance, the status of risks, and incidents that occur internally

What is risk management software?

Risk management software is the name given to software solutions that are designed to assist Canadian businesses by minimizing exposure to enterprise and operational risks. Through effective use of high-quality risk management tools of this kind, businesses can become more aware of risks, more compliant with rules and regulations, and better prepared to respond to internal incidents. On top of this, processes and procedures can be optimized, audits can be carried out more easily and efficiently, and significant issues can be avoided or kept to an absolute minimum.

Some of the tasks that can be carried out through the use of risk management software include the identification of specific risks that exist within an organization, assessment of the level of threat that each risk poses, and the creation of processes, actions, and strategies that can either help to mitigate these risks or prevent hypothetical risks from manifesting.

Risk management software is sometimes called risk assessment software or a risk management system. Assessment of risks is at the heart of these programs, and one of the single biggest reasons businesses adopt these solutions is to create a more risk-aware culture. The ultimate objective is to avoid unnecessary and potentially costly problems.

What are the benefits of risk management software?

The benefits of risk management software are primarily based around its ability to help businesses identify risks, define those risks, measure the threat that those risks pose, and take actions to either avoid negative consequences or reduce the impact. Software of this kind can help Canadian organizations to change their processes, training programmes, and overall culture. However, it is important to be as specific as possible about the benefits of using business risk management software and the best reasons for doing so. Some of the biggest advantages of the software allow a business to:

  • Identify risks and address them swiftly: arguably, the single biggest advantage associated with the use of risk management programs is linked to the ability it provides businesses and their leaders to identify risks, define them, and ensure they are addressed as swiftly as possible. Within many applications, risks can be pinpointed, explained, given an overall score based on the level of threat provided, and categorized so that the nature of the risk is understood. The relationship between different threats can also be explored. Ultimately, the key benefit of this is the ability to respond to risks in a more efficient and tailored way.
  • Prioritize the risks that pose the greatest threat: it is important to acknowledge that not all risks pose the same level of threat and that some issues will cause more harm than others. This, in turn, means that some risks need to be given a higher level of priority. Not only does this allow actions to be taken to prevent problems from manifesting, but it also means that if problems do arise, resources can be appropriately allocated so that the most critical threats are dealt with first. Risk management software provides users with a crucial ability to score risks and threats so that they are not all treated equally and so that all of the key stakeholders know what the priorities are.
  • Create processes for risk response: once organizations identify and understand the various risks they face, they must also develop processes for responding to each risk. However, this does not only mean defining the actions that will be taken. It also means establishing which stakeholders will be involved in any response and why. Internally, employees need to know which risks they are responsible for managing and what is expected of them.
  • Develop a culture of risk awareness: as previously stated, one of the broadest ways that risk management software can be used to benefit organizations and their employees is by allowing for the development of a culture that emphasizes an awareness of risks. Many of the biggest challenges businesses face manifest from problems that they overlook or fail to identify. When using risk management software, employees can think more carefully about what may happen, what the consequences could be, and what might be done to avoid those consequences. This then reduces unforeseen threats and allows businesses to become better prepared generally.
  • Establish an overall risk register: risk management software allows for individual risks to be identified and scored, and this also contributes to another significant advantage, which is sometimes overlooked. When an organization has a clear sense of the number of risks or threats they face, and scores have been allocated to each of those risks, it can start to build a more comprehensive picture of the overall level of risk posed to the organization. Establishing a risk register can then make it easier to see the big picture and devise a wider risk strategy.
  • Promote greater levels of compliance: finally, the use of risk management software can help to promote greater levels of compliance within organizations, and this can be achieved by establishing clear rules and outlining precisely why compliance is so important. Companies that understand the risks that exist and take appropriate action to avoid or mitigate those risks are also much more likely to be operating in compliance with existing legislation and industry regulations. However, when new rules emerge, action needs to be taken to adjust processes accordingly, and risk management software can help companies to achieve swift transformations.

What are the features of risk management software?

The main features of risk management software tend to focus on identifying and managing risks, either at an enterprise level or with regard to specific processes. Of course, the exact features that one risk management platform offers will not necessarily be the same as another. That being said, certain features—described as core features—are seen in almost all packages, while common features can be found in the majority of applications of this type. The main features to look out for are:

  • Risk assessment: carry out an assessment of the different risks that exist within a business and assign a score or rating to each of these risks. The purpose of the risk assessment feature contained within risk management software is to allow organizations to understand the different threats they face and understand how serious those threats are and how much attention or focus should be given to them. The allocation of a score or risk rating also allows different risks to be directly compared to one another and categorized more easily. Some software solutions are more specialized, meaning they focus on a specific area of risk management, such as financial risk assessment, IT risk assessment, legal risk assessment, or operational risk assessment. These solutions may include some added features and functions that are relevant to that particular risk management discipline.
  • Risk reporting: create risk reports, which include information about current and emerging risks as well as details on how the organization is currently managing those risks. Ultimately, a risk report should be able to inform business leaders and other key stakeholders of which policies and controls are working well, which are failing, which show promise, and which need to be altered. Another significant part of risk reporting involves identifying key risk indicators (KRIs) and using these KRIs to measure how risky a particular activity is. Therefore, using risk management software to create reports of this kind can predict difficult or damaging events before they occur.
  • Auditing and compliance management: conduct audits, keep compliance information up-to-date, and take action to resolve areas where the business is not operating in full compliance with rules, regulations, or legislation. The ability to carry out audits and manage compliance is absolutely critical, especially at times when new legislation emerges. A good example of this can be seen with the General Data Protection Regulation (GDPR), which brought about new requirements for businesses to handle the personal data of EU citizens with care and transparency to keep that data safe and secure. Risk management software can help avoid data breaches because it can be used to make sure any compliance issues are flagged and resolved in a timely fashion. As a result, businesses can avoid fines, lawsuits, and numerous other penalties that may exist.
  • Dashboard: oversee risk management performance using a live dashboard, which provides real-time information. The best risk analysis software solutions will make use of the KRIs outlined by an organization and use these to present valuable information on an interactive display. This will then allow employees who are involved in areas like risk management and compliance to see where action needs to be taken and where new risks are emerging.
  • Alerts/notifications: set up alerts and notifications in order to be informed of any changes that require immediate attention. Generally, the alerts or notifications system within risk management software can be set up to work in combination with both chosen key risk indicators and any compliance information input into the system. This allows notification of when a breach occurs, when a risk becomes critical, or when new legislation or compliance requirements actually come into effect. This all helps to ensure that action is taken at the best possible time—by employees in the right department—in order to minimize disruption or damage.

Capterra's risk management software directory provides a quick and easy way to explore the precise features that each solution offers, allowing for useful comparisons to be made. It is also possible to sort the available options—based on the features they provide—so that only applications that meet basic requirements are seen.

What should be considered when purchasing risk management software?

When purchasing risk management software, there are many different things that will need to be considered carefully in order to find the best possible solution. However, it is important to think of this as the quest to find the best solution for company-specific needs because some solutions on the market may be aimed at different industries or contain excellent features that are not actually of any real use to the organization. A good way to explore the various key considerations is to take the time to ask the following questions:

  • What is the cost of risk management software? When exploring any new software solution, careful thought must be given to how much it costs and how much is available to spend. On a basic level, try to find the best solution that is realistically affordable, but think about the issue of cost holistically too. The cost of purchase and installation or setup is only one aspect here. Also, think about how much software will cost to continuously run, how much will be needed to invest in staff training, and whether there will be costs linked to accessing technical support or upgrading software as new versions are released. If choosing to adopt a Software as a Service (SaaS) option, consider the ongoing subscription fees and what costs may be linked to ending that subscription.
  • How can risk management software be deployed? There are two main options for software deployment in the modern age. The first is on-premises deployment, where software is purchased, set up and managed on-site, with full ownership and control. The second is the cloud-based approach, often delivered on a Software as a Service (SaaS) basis, where a third-party service provider will manage the software, its updates, and data storage while providing remote access. Both models have their pros and cons, with the former offering a greater sense of control, while the latter provides more predictable costs and greater flexibility. The main things to consider here are not only these advantages and disadvantages themselves, but how they apply to the business.
  • What are your specific expectations? Next, be clear on what is actually required from the risk management software and which features matter the most. Having a clear sense of purpose makes it a lot easier to carry out a worthwhile enterprise risk management software comparison. Not all features included in software options may be relevant, and even if these features are implemented superbly, they should not form a significant part of a decision-making process. Think about what is actually needed and use that information as the basis for comparing and contrasting the different options in the Capterra software directory.
  • Are there mobile risk management options? A growing number of Canadian businesses operate with employees either working remotely or working while in the field, and these workers may still require access to risk management software and its features. With this in mind, if this applies to the organization, give consideration to the mobile accessibility on offer. In some cases, this may come in the form of a dedicated mobile app, while in others, it may be delivered through access to cloud-based software via a mobile web browser.
  • Do you require an industry-specific solution? Finally, if the business operates in an industry like finance or information technology, it may be worth exploring some of the risk management software solutions that are specifically aimed towards the industry. These solutions will be designed with an awareness of the most common industry-specific risks in mind, helping to reduce the overall workload for staff.

The most relevant risk management software trends should also be factored into any purchasing decision because a solution needs to serve the business well in the future and not just in the present. This means choosing an application that can be used in combination with emerging and existing software and enterprise risk management technology, which can be integrated into a modern workplace's modern processes and procedures. With this in mind, some of the most important trends are outlined below:

  • Improvements to artificial intelligence (AI): Improvements to the quality and accuracy of artificial intelligence and machine learning have had an influence on a large number of software categories, and risk management software is no different. Within these applications, AI can anticipate risks before they manifest, carry out certain automated actions to limit the threat, learn from previous solutions to problems, and self-manage areas related to compliance and risk defense. All of this means that risk management can become more efficient, and actions can be carried out in the ideal moment, even if no employee is available to perform the action themselves. With this in mind, it is worth thinking about the AI capabilities of the chosen software solution.
  • Increased popularity of cloud technology: As a whole, businesses are becoming more aware of the potential advantages of utilizing cloud technology, especially in terms of keeping important data secure, recoverable, and continually backed up. Beyond this, cloud-based software solutions can allow businesses to downsize premises because less on-site storage is required, and fewer on-site IT professionals may be needed. The accessibility of cloud-based options is another major benefit, with employees having the ability to access software remotely, from anywhere in the world, using any compatible internet-enabled device. As Canadian businesses increasingly shift more of their IT infrastructure to the cloud, it is worth thinking about whether cloud-based options may provide a more future-proof solution to risk management software needs.
  • The changing nature of modern work: Advancements in internet speeds, communications technology, and cloud computing have all contributed to wider changes to the very nature of modern work and these changes were accelerated by COVID-19. Indeed, 55 percent of Canadian remote workers stated that they enjoyed having the ability to work from home. With greater expectations for remote or hybrid working models, Canadian businesses need to respond, and this means investing in solutions that are purpose-built with remote and hybrid work in mind. For risk management software, if remote employees are going to require access, it makes sense to focus on options that offer cloud-based deployment or which can be configured to allow for off-site access.
  • The internet of things (IoT) within business: The internet of things (IoT) refers to the inclusion of internet capabilities within everyday devices, turning them into 'smart' devices that are able to communicate with one another. Increasingly, the concept of IoT technology is entering the workplace, and it is worth contemplating if some of these smart devices could assist with the automated detection of risks. If so, seek out software solutions that are compatible with those smart devices. Even if the business does not currently make use of such devices, the trend is shifting towards IoT devices becoming more affordable and more widely utilized within business settings. When prioritizing risk management software that can serve a business well into the future, this trend may need to be factored into any decisions and software purchases made.

Sources

The features highlighted were identified based on their relevance and the percentage of products in Capterra's directory that offer them. The following sources were used for this document:

  1. GDPR turns one – is your SME compliant? - Capterra Blog (Date accessed: Tuesday, October 5, 2021)

  2. Glossary Definition - Integrated Risk Management - Capterra Canada (Date accessed: Monday, October 24, 2022)

  3. Workplace wellness: Almost 3 in 4 Canadian remote workers report burnout - Capterra Blog (Date accessed: Monday, December 20, 2021)

  4. Top 5 Tech Trends for Small Businesses - Capterra Blog (Date accessed: Wednesday, October 6, 2021)