[Home](https://www.selecthub.com/) \> [Risk Management](https://www.selecthub.com/category/risk-management/) \> [Risk Management Software](https://www.selecthub.com/c/risk-management-software/) \> Riskonnect Categories: * [Risk Management Software](https://www.selecthub.com/c/risk-management-software/) * [...](#) ## What Is Riskonnect? **Industry Specialties:** Serves all industries Riskonnect is a cloud-based solution to manage enterprise risk, improve efficiency and boost performance. Its reporting and analytics modules integrate insurable and non-insurable risks to correlate their associations and prevent future occurrences. Users can automate routine processes, break down information silos, drive cross-platform collaboration and coordinate risk mitigation. Provides intuitive data visualizations to propel data-driven decisions and transformation. It compiles all data securely under one roof and provides detection, analysis and response modules against third-party risk, enterprise risk and health and safety risk. Users can monitor the administration of claims, handle legal and corporate compliance, and manage audits and healthcare from one interface. PRICE $ $ $ $ $ COMPANY SIZE S M L DEPLOYMENT PLATFORM [ Try Before You Buy. Request a Free Demo Today! Request Demo It's completely free! ](https://pmo.selecthub.com/get-product-demo/?category=Risk+Management+Software&product%5Fname=Riskonnect&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fp%2Frisk-management-software%2Friskonnect%2F&product%5Flogo=https%3A%2F%2Fcdn.selecthub.com%2Fproducts%2F92977ae4d2ba21425a59afb269c2a14e-01837a04334120f7ac1b0752622bff0d%2Fresources%2Fnormal%2Flogo.png%3F1693316281) User Sentiment i ![User satisfaction level icon: great]() Based on 12 reviews: Add your rating: ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() Product Screenshots and Videos ## #9 Riskonnect is ranked #9 on the top 10 Risk Management Software leaderboard based on a comprehensive analysis performed by SelectHub research analysts. Compare the leaders with our In-Depth Report. [Get the Report Now ](https://pmo.selecthub.com/request-custom-scorecard?category%5Fslug=risk-management-software&product%5Fslug=riskonnect&page%5Ftype=product&slug=riskonnect&product%5Fname=Riskonnect&category=Risk+Management+Software&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fp%2Frisk-management-software%2Friskonnect%2F) ## Riskonnect Pricing Based on our most recent analysis, Riskonnect pricing starts at $283,000 (Annually). [Get Price Quote](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Riskonnect&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fp%2Frisk-management-software%2Friskonnect%2F&product%5Flogo=https%3A%2F%2Fcdn.selecthub.com%2Fproducts%2F92977ae4d2ba21425a59afb269c2a14e-01837a04334120f7ac1b0752622bff0d%2Fresources%2Fnormal%2Flogo.png%3F1693316281&price=5) Price $ $ $ $ $ i Starting From $283,000 Pricing Model Annually Free Trial No ## Training Resources Riskonnect is supported with the following types of training: Documentation In Person Live Online Videos Webinars ## Support The following support services are available for Riskonnect: Email Phone Chat FAQ Forum Help Desk Knowledge Base Tickets Training 24/7 Live Support ## Riskonnect Benefits and Insights Why use Riskonnect? ### Key differentiators & advantages of Riskonnect * **Enhanced Decision Making:** Riskonnect provides real-time data and analytics, enabling businesses to make informed decisions quickly. This leads to better risk management strategies and operational efficiency. * **Comprehensive Risk Visibility:** The software offers a 360-degree view of risk across the organization, identifying hidden exposures and interdependencies. This holistic perspective helps in mitigating risks more effectively. * **Streamlined Compliance:** With Riskonnect, organizations can easily adhere to regulatory requirements and standards. The software automates compliance tasks, reducing the likelihood of errors and penalties. * **Improved Risk Response Time:** The platform's proactive alerts and notifications system ensures that potential risks are identified and addressed promptly, minimizing their impact on the business. * **Cost Reduction:** By identifying and mitigating risks early, Riskonnect helps in avoiding costly incidents. This proactive approach results in significant savings on potential losses and insurance premiums. * **Enhanced Collaboration:** Riskonnect fosters collaboration among teams by providing a centralized platform for sharing information and strategies related to risk management. This improves coordination and the execution of risk mitigation plans. * **Customizable Reporting:** The software offers flexible reporting tools that allow businesses to create tailored reports. These insights can be used to track progress, identify trends, and make strategic adjustments. * **Increased Operational Resilience:** By managing risks effectively, Riskonnect helps businesses to become more resilient. This resilience enables organizations to withstand shocks and adapt to changes in the business environment. * **Strategic Risk Management:** Riskonnect not only helps in operational risk management but also aligns risk management with strategic objectives. This alignment ensures that risks are managed in a way that supports long-term goals. * **Scalability:** The platform is designed to grow with your business, accommodating new risks and compliance requirements as your organization expands. This scalability ensures that Riskonnect remains a valuable tool over time. ### Industry Expertise Riskonnect specializes in providing comprehensive risk management solutions across various industries, including healthcare, retail, manufacturing, and finance. Its expertise lies in integrating risk management processes into a single platform, enabling organizations to identify, assess, and mitigate risks efficiently. This makes it particularly suited for large enterprises and organizations with complex risk management needs, where the ability to streamline and automate risk processes can significantly enhance decision-making and operational resilience. ## Riskonnect Reviews Based on our most recent analysis, Riskonnect reviews indicate a 'great' User Satisfaction Rating of 82% based on 12 user reviews from 2 recognized software review sites. ![User satisfaction level icon: great]() 12 reviews 82% of users would recommend this product ### Synopsis of User Ratings and Reviews Based on an aggregate of Riskonnect reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst. #### Pros * **Centralized Risk Management:** Riskonnect provides a centralized platform to manage various risk types, including operational, IT, third-party, and compliance risks. This allows organizations to gain a comprehensive view of their risk landscape and make informed decisions. * **Customizable and Scalable:** The platform's flexibility allows organizations to tailor it to their specific needs and risk management processes. As businesses evolve, Riskonnect can scale to accommodate growth and changing requirements. * **Improved Reporting and Analytics:** Riskonnect offers robust reporting and analytics capabilities, enabling organizations to generate insightful reports, identify trends, and track key risk indicators. This data-driven approach facilitates better risk management decision-making. * **Enhanced Collaboration:** The platform fosters collaboration among risk management teams, departments, and stakeholders. It streamlines communication, facilitates information sharing, and promotes a more coordinated approach to risk management. #### Cons * **Usability Challenges:** The platform's interface can feel clunky and outdated, leading to a steep learning curve for new users. Common tasks, like generating reports or navigating between modules, can be more cumbersome than anticipated. * **Performance Issues:** Users occasionally experience slow loading times and system lags, especially when dealing with large data sets or complex workflows. This can hinder productivity and cause frustration, particularly for time-sensitive risk management tasks. * **Customization Limitations:** While Riskonnect offers some degree of customization, users may find it restrictive when tailoring the platform to their specific needs and workflows. This can lead to workarounds and inefficiencies as users try to adapt the system to their unique requirements. #### Researcher's Summary: Can Riskonnect help you reconnect with a sense of control over your organization's risk landscape? User reviews from the past year suggest that it can, particularly for those seeking a comprehensive and integrated approach to risk management. Users praise Riskonnect for its user-friendly interface and robust features, highlighting its ability to centralize risk data, streamline risk assessment processes, and facilitate informed decision-making. For example, the software's bow tie analysis feature allows users to visually map out the causes and consequences of potential risks, enabling proactive risk mitigation. This comprehensive approach sets Riskonnect apart from competitors that may focus on only specific aspects of risk management. However, some users have noted that the initial setup of Riskonnect can be complex and the software can be expensive. These drawbacks may make it less suitable for smaller organizations with limited budgets and technical expertise. Overall, Riskonnect appears to be best suited for larger organizations with complex risk profiles and the resources to implement and manage a sophisticated risk management solution. Its ability to integrate risk information across different departments and provide a holistic view of organizational risk makes it a valuable tool for enterprises seeking to enhance their risk management posture. ## Key Features * **Risk Management Information System:** Consolidate system, risk and people data from multiple sources into a single source of truth. Streamline and automate regulatory, risk and incident management processes with custom workflows. Investigate the shifting risk landscape to discover unprecedented insights, hidden relationships and actionable information. * **Claims Administration:** Integrate incident entry, claims data, people information and compliance status under the same platform. Automate intake processes, documentation management, data entry and validation. Manage indemnity-based benefit plans and return-to-work initiatives in accordance with Official Disability Guidelines. * **Electronic Report of Injury:** Follow workers’ compensation guidelines in creating and filing the First Report of Injury (FROI) and Subsequent Report of Injury (SROI). Automatically populate entries with existing data. Submit electronic data interchange reports in accordance with standard IAIABC EDI requirements, including SIEDRS. * **Data Transformation Services:** Clean, process, transform and validate data from multiple external sources used by carriers and TPAs. * **Internal Audit:** Perform internal audits for operational, compliance, IT and financial processes. Automate task assignment, document management, data deduplication, status reports, data entry, productivity reports and more. Use the intuitive dashboard to create remediation measures and storyboard-driven reports. * **Third-Party Risk Assessment:** Consolidate all third-party supplier information, including vendor agreements, policies, access credentials and contracts. A dedicated vendor portal tracks documentation, issues, questionnaires and responses. Create point-and-click reports and assign vendor risk scores and overall classification. * **Certificate Management:** Access all certificates of insurance (COI) through a common portal. Automate compliance management, administration and review of COIs. Issue alerts for vendors with out-of-compliance certifications. * **Enterprise Risk Management:** Get a 360-degree view of risk with integrated identification, remediation and monitoring. Use the dashboard to track risk assessments based on KPIs and KRIs. Correlate risks and run custom reports with drag-and-drop builders. Set up custom risk thresholds. * **Risk Register:** Identify vulnerable business processes with a heat map of assessed risks. Categorize risks according to location, business unit or risk score. * **Healthcare:** Securely manage safety and risk obligations, including enterprise risk, third-party suppliers, compliance, patient safety, provider quality and more. Eliminate information silos and share actionable, accurate and critical data across multiple departments. * **Patient Safety:** Manage the entire range of patient experience from non-clinical rounding to long-term care. Track incidents throughout the patient lifecycle, capture incidents, send alerts, visualize satisfaction metrics and more. Connect clinical data to corporate and legal regulations. * **Provider Quality Management:** Streamline the provider accreditation appraisal process for Ongoing Professional Practice Evaluation (OPPE) and Focused Professional Practice Evaluation (FPPE). * **Risk and Insurance:** Automatically consolidate claims data and categorize entries based on department, specialty, event date, similarity and allegation. Track healthcare and payment history. * **Compliance:** Manage corporate and legal policies, procedures and requirements. Implement control frameworks and automate assessments, remediation and testing. Link risks to associated assets, processes and patients. Comply with frameworks, regulations and industry guidelines including NIST CSF, HIPAA, COBIT, FDA, SOX, GLBA, ISO 27001 / 27002 / 31000, and more. * **Regulatory Change Management:** Always keep an eye out for changes in federal and state regulations. Automatically notify key stakeholders and administrators about essential changes. * **Content Framework:** Import content associated with tens of thousands of controls and regulations via the Unified Compliance Framework. * **Corporate Policy Management:** Manage corporate policies, reviews, approvals and training with built-in workflows. Categorize based on policy metadata, key dates, domain, title, vendor and other important information. Identify policy violations through continuous surveillance. * **Health and Safety:** Get a comprehensive view of safety processes, compliance requirements, hazard data and workplace incidents to spot trends and warning signs. Leverage easy-to-use screens, anonymous entry, web-based access and intuitive forms to streamline the incident reporting process. Automatically alert incident investigators and transfer data across channels with preloaded protocols. * **Claims Regulatory Compliance:** Use existing safety data to track deadlines and reportable incidents in real time. Create timelines for critical reports. * **Audit:** Continuously evaluate the status of existing incident reports and compare results against past audit scores. ## Suite Support Visit the vendor’s resource library to access e-books, templates, reports, webinars, videos and podcasts. Acquire product training via Riskonnect University. Phone and email support are available to all subscribers. An extensive workflow-based system powers the Communities portal to expedite support requests. _mail\_outline_Email: helpme@riskonnect.com. _phone_Phone: 1-855-478-2771; Regular support hours are 8 a.m. to 8 p.m. CST, Monday to Friday, excluding holidays. _school_Training: The vendor’s University portal provides access to online and on-demand training. _local\_offer_Tickets: Submit a support ticket via the Communities portal. ## Compare Risk Management Software These are the top products most often compared. Generating Scorecard... Compare to Riskonnect You can choose 4 products to compare [ RSA Archer ](https://www.selecthub.com/p/grc-software-tools/rsa-archer/) [ MetricStream ](https://www.selecthub.com/p/grc-software-tools/metricstream/) [ LogicManager ](https://www.selecthub.com/p/risk-management-software/logicmanager/) [ Diligent ](https://www.selecthub.com/p/risk-management-software/diligent/) [ ServiceNow GRC ](https://www.selecthub.com/p/grc-software-tools/servicenow-grc/) [ SAI360 ](https://www.selecthub.com/p/grc-software-tools/sai360/) [ Resolver ](https://www.selecthub.com/p/risk-management-software/resolver/) [ OneTrust GRC ](https://www.selecthub.com/p/grc-software-tools/onetrust-grc/) [ LogicGate ](https://www.selecthub.com/p/grc-software-tools/logicgate/) Generating Scorecard... Compare to Riskonnect ## Head-to-Head Comparison ![Riskonnect Software Tool]() vs * [Aclaimant](https://www.selecthub.com/risk-management-software/riskonnect-vs-aclaimant/) * [Diligent](https://www.selecthub.com/risk-management-software/diligent-vs-riskonnect/) * [Global Risk Exchange](https://www.selecthub.com/risk-management-software/global-risk-exchange-vs-riskonnect/) * [Nitrogen](https://www.selecthub.com/risk-management-software/nitrogen-wealth-vs-riskonnect/) * [Origami Risk](https://www.selecthub.com/risk-management-software/origami-risk-vs-riskonnect/) * [PrivIQ](https://www.selecthub.com/risk-management-software/riskonnect-vs-priviq/) * [Resolver](https://www.selecthub.com/risk-management-software/resolver-vs-riskonnect/) * [TrustLayer](https://www.selecthub.com/risk-management-software/riskonnect-vs-trustlayer/) ## Awards SelectHub research analysts have evaluated Riskonnect and concluded it earns best-in-class honors for Compliance, Policy Management and Regulatory Management. ![Compliance Award]() ![Policy Management Award]() ![Regulatory Management Award]() ## Similar Products Here are the most similar products to Riskonnect. [ TrustLayer ](https://www.selecthub.com/p/risk-management-software/trustlayer/) [ Diligent ](https://www.selecthub.com/p/risk-management-software/diligent/) [ Nitrogen ](https://www.selecthub.com/p/risk-management-software/nitrogen-wealth/) [ KPA Risk Management Center ](https://www.selecthub.com/p/risk-management-software/kpa-risk-management-center/) [ ARMATURE Fabric ](https://www.selecthub.com/p/risk-management-software/armature-fabric/) [ PrivIQ ](https://www.selecthub.com/p/risk-management-software/priviq/) [ oneAdvanced Risk Management ](https://www.selecthub.com/p/risk-management-software/oneadvanced-risk-management/) [ LogicManager ](https://www.selecthub.com/p/risk-management-software/logicmanager/) [ Aclaimant ](https://www.selecthub.com/p/risk-management-software/aclaimant/) [ Global Risk Exchange ](https://www.selecthub.com/p/risk-management-software/global-risk-exchange/) Your review has been submitted and should be visible within 24 hours. Review Title Pros Cons Overall feedback Your name Your job title Industry [Choose your main industry ](javascript:void%28%29) * [Accounting / CPA](javascript:void%28%29) * [Advertising](javascript:void%28%29) * [Aerospace & Defense](javascript:void%28%29) * [Agriculture](javascript:void%28%29) * [Apparel](javascript:void%28%29) * [Architecture](javascript:void%28%29) * [Auto Dealership](javascript:void%28%29) * [Automotive](javascript:void%28%29) * [Banking & Financial Services](javascript:void%28%29) * [Banking & Mortgage](javascript:void%28%29) * [Chemicals](javascript:void%28%29) * [Construction & Engineering](javascript:void%28%29) * [Construction / Contracting](javascript:void%28%29) * [Consulting](javascript:void%28%29) * [Consumer Products](javascript:void%28%29) * [Distribution](javascript:void%28%29) * [E-commerce](javascript:void%28%29) * [Education](javascript:void%28%29) * [Electronics](javascript:void%28%29) * [Energy & Utilities](javascript:void%28%29) * [Federal Government](javascript:void%28%29) * [Field Maintenance](javascript:void%28%29) * [Food & Beverage](javascript:void%28%29) * [Healthcare / Social Services](javascript:void%28%29) * [Hospitality / Gaming / Travel](javascript:void%28%29) * [Human Resources](javascript:void%28%29) * [Industrial Machinery](javascript:void%28%29) * [Information Technology & High Tech](javascript:void%28%29) * [Insurance](javascript:void%28%29) * [Legal](javascript:void%28%29) * [Maintenance / Field Service](javascript:void%28%29) * [Manufacturing](javascript:void%28%29) * [Marketing Services](javascript:void%28%29) * [Media & Communications / Entertainment](javascript:void%28%29) * [Mill Products](javascript:void%28%29) * [Mining / Metals](javascript:void%28%29) * [Mortgage](javascript:void%28%29) * [Non-Profit](javascript:void%28%29) * [Not Available](javascript:void%28%29) * [Oil & Gas](javascript:void%28%29) * [Other](javascript:void%28%29) * [Other Services](javascript:void%28%29) * [Payroll Provider](javascript:void%28%29) * [Pharmaceuticals](javascript:void%28%29) * [Professional Employer Organization](javascript:void%28%29) * [Professional Services](javascript:void%28%29) * [Property Management](javascript:void%28%29) * [Public Sector](javascript:void%28%29) * [Real Estate](javascript:void%28%29) * [Recruiting Agency](javascript:void%28%29) * [Religious Institutions](javascript:void%28%29) * [Retail](javascript:void%28%29) * [Sales & Marketing](javascript:void%28%29) * [Semiconductors](javascript:void%28%29) * [Software / IT](javascript:void%28%29) * [Sports and Recreation](javascript:void%28%29) * [Staffing Agency](javascript:void%28%29) * [State & Local Government](javascript:void%28%29) * [Telecommunications](javascript:void%28%29) * [Third-Party Administrator](javascript:void%28%29) * [Transportation & Logistics](javascript:void%28%29) * [Wholesale Distribution](javascript:void%28%29) Company Size [Choose your company size ](javascript:void%28%29) * [1 employee](javascript:void%28%29) * [2 to 9 employees](javascript:void%28%29) * [10 - 19 employees](javascript:void%28%29) * [20 - 49 employees](javascript:void%28%29) * [50 - 99 employees](javascript:void%28%29) * [100 - 499 employee](javascript:void%28%29) * [500 - 999 employees](javascript:void%28%29) * [1,000 - 2,499 employees](javascript:void%28%29) * [2,500 - 4,999 employees](javascript:void%28%29) * [5,000 - 9,999 employees](javascript:void%28%29) * [10,000 - 24,999 employees](javascript:void%28%29) * [25,000 - 49,999 employees](javascript:void%28%29) * [50,000 + employees](javascript:void%28%29) ```json { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.selecthub.com/" }, { "@type": "ListItem", "position": 2, "name": "Risk Management", "item": "https://www.selecthub.com/category/risk-management/" }, { "@type": "ListItem", "position": 3, "name": "Risk Management Software", "item": "https://www.selecthub.com/c/risk-management-software/" }, { "@type": "ListItem", "position": 4, "name": "Riskonnect" } ] } { "@context": "http://schema.org", "@type": "SoftwareApplication", "name": "Riskonnect", "description": "Riskonnect is a cloud-based solution to manage enterprise risk, improve efficiency and boost performance. Its reporting and analytics modules integrate insurable and non-insurable risks to correlate their associations and prevent future occurrences. Users can automate routine processes, break down information silos, drive cross-platform collaboration and coordinate risk mitigation. Provides intuitive data visualizations to propel data-driven decisions and transformation.It compiles all data securely under one roof and provides detection, analysis and response modules against third-party risk, enterprise risk and health and safety risk. Users can monitor the administration of claims, handle legal and corporate compliance, and manage audits and healthcare from one interface.", "review": { "@type": "Review","reviewRating": { "@type": "Rating", "ratingValue": 87, "bestRating": 100 }, "author": { "@type": "Person", "name": "Shauvik Roy", "reviewBody": "Can Riskonnect help you reconnect with a sense of control over your organization's risk landscape? User reviews from the past year suggest that it can, particularly for those seeking a comprehensive and integrated approach to risk management. Users praise Riskonnect for its user-friendly interface and robust features, highlighting its ability to centralize risk data, streamline risk assessment processes, and facilitate informed decision-making. For example, the software's bow tie analysis feature allows users to visually map out the causes and consequences of potential risks, enabling proactive risk mitigation. This comprehensive approach sets Riskonnect apart from competitors that may focus on only specific aspects of risk management. However, some users have noted that the initial setup of Riskonnect can be complex and the software can be expensive. These drawbacks may make it less suitable for smaller organizations with limited budgets and technical expertise. Overall, Riskonnect appears to be best suited for larger organizations with complex risk profiles and the resources to implement and manage a sophisticated risk management solution. Its ability to integrate risk information across different departments and provide a holistic view of organizational risk makes it a valuable tool for enterprises seeking to enhance their risk management posture." } }, "image": "https://cdn.selecthub.com/products/92977ae4d2ba21425a59afb269c2a14e-01837a04334120f7ac1b0752622bff0d/resources/normal/logo.png?1693316281", "aggregateRating": { "@type": "AggregateRating", "ratingValue": "82", "bestRating": "100", "worstRating": "1", "ratingCount": "12" }, "offers": { "@type": "Offer", "priceSpecification": { "@type": "priceSpecification", "price": "283000", "priceCurrency": "USD" } }, "positiveNotes": { "@type": "ItemList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Centralized Risk Management: Riskonnect provides a centralized platform to manage various risk types, including operational, IT, third-party, and compliance risks. 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