Our analysts spent hundreds of hours researching and comparing risk management software to find the top performers across a range of business needs. View Scores by: * Best Overall * SelectHub Award Winners * Audit Management * Business Continuity Management * Compliance * Incident Management * Operational Risk Management and IT Security * Platform Capabilities * Policy Management * Regulatory Management * Reports and Dashboards * Risk Management * Vendor Risk Management * Integration and Extensibility * Show more.. * Show less.. The table below highlights the strengths and pricing of the top risk management software overall to help you find your ideal match. Compare up to **5 products** at a time below: Why Trust SelectHub We focus on providing you with accurate and transparent data so you can make clear, confident decisions about which product will best meet your needs. Our analyst scores are based on our evaluation of products across 100+ features. See the full methodology below for what we scored and how we weighted it. We also offer an analyst-led evaluation program that vendors can purchase to receive direct analyst collaboration, a comprehensive product audit, and request for information (RFI) validation. The program doesn't allow vendors to pay for a specific score, though verification informs final placement. Full details on how verification affects rankings are in the methodology. Product Score i Our Overall analyst rating for Risk Management Software products is based on scores in our selection platform for 95 functional requirements and 5 technical requirements. Each functional and technical requirement is scored on a scale of 0 (not supported) to 100 (fully supported out of the box). Best For Top Features Start Price Free Trial [ RSA Archer ](#product-rsa-archer) 95 Details Overall \+ 3 more ![RSA Archer Awards](https://www.selecthub.com/site/assets/img/analysts-pick.svg "Analyst’s Pick") Best Overall Best for Audit Management Best for Business Continuity Management Best for Regulatory Management [ Regulatory Management, ](#leaderboard-compare-section) [ Reports and Dashboards, ](#leaderboard-compare-section) [ Risk Management ](#leaderboard-compare-section) $14,000 Annually [ MetricStream ](#product-metricstream) 94 Details Business Continuity Management \+ 4 more ![MetricStream Awards](https://www.selecthub.com/site/assets/img/best-in-class.svg "Best In Class") Best for Business Continuity Management Best for Compliance Best for Operational Risk Management and IT Security Best for Platform Capabilities Best for Regulatory Management [ Compliance, ](#leaderboard-compare-section) [ Operational Risk Management and IT Security, ](#leaderboard-compare-section) [ Platform Capabilities ](#leaderboard-compare-section) $75,000 Annually, Quote-Based [ LogicManager ](#product-logicmanager) 93 Details Audit Management \+ 3 more ![LogicManager Awards](https://www.selecthub.com/site/assets/img/best-in-class.svg "Best In Class") Best for Audit Management Best for Business Continuity Management Best for Integration and Extensibility Best for Policy Management [ Integration and Extensibility, ](#leaderboard-compare-section) [ Policy Management, ](#leaderboard-compare-section) [ Reports and Dashboards ](#leaderboard-compare-section) $10,000 Annually [ Diligent ](#product-diligent) 92 Details Regulatory Management [ Regulatory Management, ](#leaderboard-compare-section) [ Compliance, ](#leaderboard-compare-section) [ Policy Management ](#leaderboard-compare-section) $5,000 Annually [ ServiceNow GRC ](#product-servicenow-grc) 92 Details Integration and Extensibility [ Integration and Extensibility, ](#leaderboard-compare-section) [ Platform Capabilities, ](#leaderboard-compare-section) [ Reports and Dashboards ](#leaderboard-compare-section) $50,000 Annually, Quote-Based [ SAI360 ](#product-sai360) 90 Details Vendor Risk Management [ Reports and Dashboards, ](#leaderboard-compare-section) [ Risk Management, ](#leaderboard-compare-section) [ Vendor Risk Management ](#leaderboard-compare-section) Custom Quote i SAI360 doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. [ Resolver ](#product-resolver) 89 Details −−− [ Reports and Dashboards, ](#leaderboard-compare-section) [ Risk Management, ](#leaderboard-compare-section) [ Platform Capabilities ](#leaderboard-compare-section) $10,000 Annually [ OneTrust GRC ](#product-onetrust-grc) 88 Details Incident Management [ Integration and Extensibility, ](#leaderboard-compare-section) [ Risk Management, ](#leaderboard-compare-section) [ Incident Management ](#leaderboard-compare-section) $30 Monthly [ Riskonnect ](#product-riskonnect) 87 Details Compliance \+ 2 more ![Riskonnect Awards](https://www.selecthub.com/site/assets/img/best-in-class.svg "Best In Class") Best for Compliance Best for Policy Management Best for Regulatory Management [ Compliance, ](#leaderboard-compare-section) [ Policy Management, ](#leaderboard-compare-section) [ Regulatory Management ](#leaderboard-compare-section) $283,000 Annually [ LogicGate ](#product-logicgate) 86 Details Regulatory Management [ Regulatory Management, ](#leaderboard-compare-section) [ Reports and Dashboards, ](#leaderboard-compare-section) [ Risk Management ](#leaderboard-compare-section) Custom Quote i LogicGate doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. Compare Products Compare [See All Risk Management Software ](#view-products) #### Methodology: How We Score Products Here's how our rankings work. ##### How we collect the data * **Selecting products to score:** We define the category scope, including what features should be included for this type of software. Our analysts identify all products that fit the defined scope, then narrow down to 15 based on market presence, user ratings, feature comprehensiveness, and category fit. * **Default scoring process:** Our analysts complete a 100+ question RFI for each product using publicly available data from user reviews, product demos, documentation, vendor websites, and case studies. * **Verification program:** Vendors can pay for our analyst-led verification service. Their product team submits responses to our standard category RFI, which our analysts then independently review and validate. **Note:** Vendors can't pay to rank or influence their position on our leaderboards. Our scoring criteria is the same for all products, whether a vendor partners with us or not. ##### What we score For our analysis of risk management software, we scored 95 features across these groups: * Audit Management * Business Continuity Management * Compliance * Incident Management * Operational Risk Management and IT Security * Platform Capabilities * Policy Management * Regulatory Management * Reports and Dashboards * Risk Management * Vendor Risk Management We also scored 5 technical capabilities in these groups: * Integration and Extensibility ##### How we score and weight features Our Analyst Score measures what you get out of the box versus what requires add-ons, integrations, or custom development — because implementation complexity and hidden costs matter to your decision. Here’s how our scoring scale works: | Level of Support | Score | Description | | ----------------------------------- | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Fully Supported Out of the Box | 100 | This feature is comprehensively supported out of the box with industry-leading capabilities and is immediately available after installation, without needing any additional modules, integrations, or custom development. | | Moderately Supported Out of the Box | 85 | This feature is moderately supported out of the box and is immediately available after installation, without needing any additional modules, integrations, or custom development. | | Supported with Workarounds | 70 | This feature is not directly available in the software but can be accomplished using other built-in features or any other workarounds, without any additional cost. | | Supported with Additional Modules | 60 | This feature is available through additional modules or products from the vendor at an additional cost. | | Supported with Partner Integrations | 50 | This feature is available through additional integrations, plugins, or marketplace applications from a third-party vendor at an additional cost. | | Supported with Custom Development | 25 | This feature is not built in, and cannot be added by purchasing additional modules or integrations, but can be custom developed using the APIs, libraries, extensions, and development framework supported by the software, with or without any additional cost. | | Not Supported | 0 | This feature isn't supported. | Each feature carries a default priority — high, medium, or low — set by our analysts based on market research. Higher-priority features have more influence on the final Analyst Score. You can view all priority assignments for free in our comparison platform. ![Best overall award](https://www.selecthub.com/display/images/best%20overall.svg) [ ](https://www.selecthub.com/p/grc-software-tools/rsa-archer/) [RSA Archer](https://www.selecthub.com/p/grc-software-tools/rsa-archer/) Analyst Score 95 Compare User Sentiment: 80% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $14,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=RSA%2BArcher&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F04048aeca2c0f5d84639358008ed2ae7-a5478246124ce176bb4997e78801ae93%2Fresources%2Fnormal%2Flogo.png%3F1693316704&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=RSA+Archer&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/04048aeca2c0f5d84639358008ed2ae7-a5478246124ce176bb4997e78801ae93/resources/normal/logo.png?1693316704)) Good For: Medium & large companies Best For: Audit Management Business Continuity Management Regulatory Management Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 99998890989996100100100920255075100 expand scores * Pros & Cons * Review * Key Features * Media * **Centralized Risk Management:** Provides a single platform to manage various types of risks, including IT, operational, third-party, and compliance risks, offering a holistic view of an organization's risk landscape. * **Flexibility and Customization:** Caters to diverse risk management needs with its flexible framework and customizable features, allowing organizations to tailor the platform to their specific requirements and workflows. * **Advanced Reporting and Analytics:** Offers robust reporting and analytics capabilities, enabling organizations to gain insights into their risk data, identify trends, and make data-driven decisions to mitigate risks effectively. * **Compliance Management:** Supports compliance with various industry regulations and standards by providing tools for managing policies, controls, and assessments, helping organizations meet their compliance obligations. * **Integration Capabilities:** Integrates with other business systems and applications, such as GRC platforms, vulnerability scanners, and threat intelligence feeds, to streamline risk management processes and improve data accuracy. * **Usability Challenges:** Users frequently mention a steep learning curve due to the platform's complexity and lack of intuitive design, leading to frustration and decreased efficiency. Archer's interface can feel clunky and outdated, hindering user adoption and requiring extensive training for new team members. * **Reporting Limitations:** Generating reports can be cumbersome and time-consuming, often requiring manual data manipulation or custom scripting. While Archer offers reporting capabilities, they may not meet the specific needs of all organizations, leading to reliance on external tools or workarounds. * **Customization Complexities:** Tailoring Archer to specific workflows and requirements can be challenging and may necessitate specialized technical expertise. The platform's flexibility can be a double-edged sword, as extensive customization can introduce complexity and increase maintenance overhead. * **Performance Concerns:** Some users report performance issues, particularly with large data sets or complex configurations, leading to slow response times and decreased productivity. As the volume of data and users grows, Archer's performance may become a bottleneck for risk management operations. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/rsa-archer/) [Visit Site](https://www.archerirm.com/) [ ![Shauvik Roy](https://www.selecthub.com/wp-content/uploads/2021/09/Shauvik-Headshot-96x96.jpg) Written By Shauvik Roy, Technical Content Writer ](https://www.selecthub.com/author/shauvik-roy/) RSA Archer is frequently lauded for its comprehensive approach to risk management. It provides a centralized platform where organizations can identify, assess, and mitigate risks across various domains, including IT, finance, and operations. Users appreciate the ability to consolidate risk information from different sources, creating a holistic view of their risk landscape. This comprehensive approach is particularly valuable for organizations with complex risk profiles or those operating in highly regulated industries. Additionally, RSA Archer's scalability allows it to adapt to the needs of organizations of all sizes, making it a versatile solution for growing businesses. However, some users note that RSA Archer's extensive features can lead to a steeper learning curve compared to simpler risk management tools. Implementing and customizing the platform may require dedicated resources and expertise. While RSA Archer offers robust capabilities, its strength can also be its weakness for organizations seeking a more straightforward solution. Despite this, RSA Archer remains a top choice for organizations that prioritize a comprehensive and scalable risk management approach. Its ability to provide a centralized view of risk, automate workflows, and facilitate compliance makes it well-suited for businesses seeking to mature their risk management programs and navigate the complexities of today's ever-evolving risk landscape. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/rsa-archer/) [Visit Site](https://www.archerirm.com/) * **Application Builder:** Build custom applications via simple point-and-click setup. Streamline workflows, implement controls, automate operations, run reports and do more, according to the organization’s methodologies and business objectives. * **Dashboard and Reports:** Customize the dashboard interface and run reports with preconfigured templates. Use keyword search to review risk and compliance ratings. * **Business Workflow:** Automatically manage tasks, reviews, approvals and statuses. Create custom workflows to assign tasks based on the administration’s obligation, prioritization and escalation policies. Use the advanced workflow engine to define processes as flowcharts. * **Role-Based Controls:** Implementing role-based controls to limit access to application, system, record and field data. * **Integration:** Integrate with various third-party applications to manage governance, risk and compliance from within the same platform. The Archer GRC Community provides access to multiple pre-configured applications and integrations. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/rsa-archer/) [Visit Site](https://www.archerirm.com/) ![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/rsa-archer/) [Visit Site](https://www.archerirm.com/) [ ](https://www.selecthub.com/p/grc-software-tools/metricstream/) [MetricStream](https://www.selecthub.com/p/grc-software-tools/metricstream/) Analyst Score 94 Compare User Sentiment: 80% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $75,000Annually, Quote-Based ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=MetricStream&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F33ebd5b07dc7e407752fe773eed20635-4538b23786c9decefbae46df39603def%2Fresources%2Fnormal%2Flogo.png%3F1705948920&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=MetricStream&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/33ebd5b07dc7e407752fe773eed20635-4538b23786c9decefbae46df39603def/resources/normal/logo.png?1705948920)) Good For: Any company size Best For: Business Continuity Management Compliance Operational Risk Management and IT Security Platform Capabilities Regulatory Management Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 8999100891001009810083100950255075100 expand scores * Pros & Cons * Review * Key Features * Media * **Centralized Platform:** MetricStream provides a single platform for managing various GRC activities, including risk management, compliance, audit, and policy management. This can help organizations to streamline their processes and improve efficiency. * **Flexibility and Customization:** The platform is highly configurable, allowing organizations to tailor it to their specific needs and requirements. This includes the ability to create custom workflows, reports, and dashboards. * **Scalability:** MetricStream is a scalable solution that can grow with an organization's needs. This makes it a suitable choice for both small and large organizations. * **Reporting and Analytics:** The platform provides robust reporting and analytics capabilities, allowing organizations to gain insights into their GRC activities and make data-driven decisions. This includes the ability to generate custom reports, dashboards, and heat maps. * **Steep Learning Curve:** MetricStream's interface can be overwhelming for new users due to its complexity and extensive features, often requiring significant training and onboarding time. * **Customization Challenges:** While MetricStream offers customization options, implementing them can be technically demanding and may necessitate specialized IT skills or external consultants, potentially leading to increased costs and implementation timelines. * **Reporting Limitations:** Generating specific or ad-hoc reports can be cumbersome, as the platform's reporting capabilities may not always align with the unique needs of every organization, requiring additional effort to extract and manipulate data. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/metricstream/) [Visit Site](https://www.metricstream.com/) [ ![Shauvik Roy](https://www.selecthub.com/wp-content/uploads/2021/09/Shauvik-Headshot-96x96.jpg) Written By Shauvik Roy, Technical Content Writer ](https://www.selecthub.com/author/shauvik-roy/) MetricStream has emerged as a popular choice for organizations seeking a comprehensive solution. User reviews from the past year highlight its strengths in ease of use, flexibility, and scalability, making it a valuable tool for managing various risks, including compliance, governance, and operational risks. The platform's intuitive interface and customizable features allow users to tailor it to their specific needs, while its ability to handle large amounts of data ensures it can grow alongside the organization. However, some users have pointed out that MetricStream's implementation process can be complex, requiring careful planning and potentially additional resources. Additionally, there have been reports of slow support response times, which can be frustrating for users facing urgent issues. Despite these drawbacks, MetricStream remains a strong contender in the GRC software market, particularly for organizations with complex risk management needs and the capacity to invest in proper implementation and ongoing support. Its ability to centralize risk data, automate workflows, and provide real-time insights empowers businesses to make informed decisions and proactively mitigate potential threats. For organizations seeking a robust and adaptable GRC solution, MetricStream offers a compelling option, but careful consideration of its implementation and support aspects is crucial for a successful experience. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/metricstream/) [Visit Site](https://www.metricstream.com/) * **Centralized Risk Repository:** Navigate enterprise risk with pre-defined relationships across incidents, assets, processes, regulations and more. Securely store all risk information in a centralized federated data framework and intelligent content libraries. Create and standardize an integrated risk taxonomy. * **AppStudio:** Create, extend and configure various applications and products to ensure flexibility and scalability of business processes. * **APIs:** Design new APIs in compliance with OpenAPI. Integrate with third-party applications via intuitive Business APIs. * **Artificial Intelligence:** Leverage predictive analytics and semantic search functionalities to anticipate future risks. * **Continuous Control Monitoring:** Automatically collect evidence in the event of vulnerabilities and workplace incidents. Set up controls to cover against manual assessments with a limited sample size. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/metricstream/) [Visit Site](https://www.metricstream.com/) ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/metricstream/) [Visit Site](https://www.metricstream.com/) [ ](https://www.selecthub.com/p/risk-management-software/logicmanager/) [LogicManager](https://www.selecthub.com/p/risk-management-software/logicmanager/) Analyst Score 93 Compare User Sentiment: 91% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $10,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=LogicManager&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fe2eacaff46787bfeefcaa24cf35264c7-67f3970f17d82fa271c6b9386db0e9cb%2Fresources%2Fnormal%2Flogo.png%3F1693317128&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=LogicManager&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/e2eacaff46787bfeefcaa24cf35264c7-67f3970f17d82fa271c6b9386db0e9cb/resources/normal/logo.png?1693317128)) Good For: Medium & large companies Best For: Audit Management Business Continuity Management Integration and Extensibility Policy Management Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 9999889098731009810098830255075100 expand scores * Pros & Cons * Review * Key Features * Media * **Centralized Platform:** LogicManager allows users to consolidate risk data, assessments, and mitigation plans in one place, providing a comprehensive view of an organization's risk landscape. This can be particularly helpful for organizations with multiple departments or business units, as it enables better collaboration and communication around risk management. * **Customizable:** The platform's flexibility allows users to tailor it to their specific needs and risk management frameworks. This includes the ability to create custom risk assessments, workflows, and reports. Customizable dashboards and reports provide insights into key risk indicators and trends, enabling data-driven decision-making. * **User-Friendly Interface:** LogicManager is generally considered to have an intuitive interface that is easy to navigate, even for users with limited technical expertise. This can help to encourage user adoption and engagement with the platform. * **Integrations:** LogicManager integrates with a variety of other business applications, such as GRC platforms, ERPs, and BI tools. This can help to streamline risk management processes and improve data accuracy. * **Steep Learning Curve:** Many users report that LogicManager has a steep learning curve due to its complex interface and extensive features. This can make it challenging for new users to get up to speed quickly and efficiently. * **Customization Challenges:** While LogicManager offers customization options, some users find it difficult to tailor the platform to their specific needs. This can lead to frustration and a less-than-optimal user experience. * **Reporting Limitations:** Some users have expressed dissatisfaction with LogicManager's reporting capabilities, citing limitations in generating custom reports or extracting data in desired formats. This can hinder effective risk analysis and decision-making. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/logicmanager/) [Visit Site](http://www.logicmanager.com/) LogicManager, a cloud-based risk management solution, has been helping businesses for almost two decades. Its comprehensive features, like risk maturity modeling and assessment templates, enable organizations to identify, assess, and mitigate risks effectively. However, recent user feedback paints a mixed picture of the software's performance and value proposition. Users appreciate LogicManager's user-friendly interface and its ability to streamline risk management processes. The software's intuitive design and comprehensive features allow users to efficiently identify, assess, and mitigate potential risks, ultimately leading to improved business performance. Additionally, LogicManager's extensive user base and established reputation provide a sense of reliability and community support. However, some users express concerns about the software's cost and rigidity. The price point may be a barrier for smaller businesses or those with limited budgets. Additionally, the software's lack of flexibility can make it challenging to adapt to unique or evolving business needs. Compared to competitors like MetricStream and Archer, LogicManager offers a more user-friendly experience but may lack the advanced customization options of its counterparts. LogicManager appears well-suited for established businesses seeking a reliable and comprehensive risk management solution. Its ease of use and established track record make it a dependable choice for organizations looking to enhance their risk management practices. However, businesses with limited budgets or those requiring a high degree of customization may need to explore alternative options. It's important to note that software capabilities and market trends can change rapidly. Therefore, it's recommended to consult the latest online resources and reviews for the most current information before making a software decision. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/logicmanager/) [Visit Site](http://www.logicmanager.com/) * **Risk Management:** Standardize the risk identification process with preconfigured, custom risk criteria. Identify systemic vulnerabilities and perform root cause analysis to pinpoint upstream and downstream dependencies, duplication and redundancies. * **Assessment:** Use a preconfigured risk library to standardize remediation measures and establish a universal risk language across multiple business units. Use best practice regulations, standards and frameworks to prioritize the most critical risks and minimize business impact. * **Assessment:** Use a preconfigured risk library to standardize remediation measures and establish a universal risk language across multiple business units. Use best practice regulations, standards and frameworks to prioritize the most critical risks and minimize business impact. * **Risk Mitigation:** Monitor risks and internal controls in real time and connect risks to associated controls, processes and resources. Automate workflows and notify risk owners of changes in local circumstances. Automatically diagnose misalignments, ineffective controls, redundancies and gaps in risk protection. * **Risk Monitoring:** Monitor key performance indicators (KPIs) and key risk indicators (KRIs) with integrated control solutions. Configure custom risk thresholds, incident report forms and automated workflows. Standardize risk assessments throughout the organization with common frameworks. Identify emerging risk trends to proactively address vulnerabilities. * **Risk Reporting:** Leverage the intelligent dashboard to run reports for audits, incidents, compliance, vendor management, SOX, business continuity and more. Improve stakeholder engagement with heat maps and data matrices. Automatically update existing reports and data visualizations to reflect new circumstances and information. Get a 360-degree view of remediation efficacy, controls and risk metrics with centralized controls and processes. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/logicmanager/) [Visit Site](http://www.logicmanager.com/) ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/risk-management-software/logicmanager/) [Visit Site](http://www.logicmanager.com/) [ ](https://www.selecthub.com/p/risk-management-software/diligent/) [Diligent](https://www.selecthub.com/p/risk-management-software/diligent/) Analyst Score 92 Compare User Sentiment: 91% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $5,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Diligent&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F3368986bdca0efedda1eda8d39b3ae6c-4c2322f4bce69666f29973137dfd2219%2Fresources%2Fnormal%2Flogo.png%3F1693319226&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Diligent&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/3368986bdca0efedda1eda8d39b3ae6c-4c2322f4bce69666f29973137dfd2219/resources/normal/logo.png?1693319226)) Good For: Large companies Best For: Regulatory Management Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 979798908187981008398730255075100 expand scores * Pros & Cons * Review * Key Features * Media * **Centralized Platform:** Provides a single location for managing audits, risks, policies, and incidents, which streamlines workflows and enhances collaboration. * **Compliance Management:** Offers tools and features to help organizations adhere to industry regulations and internal policies, reducing compliance risks. * **Risk Assessment:** Enables users to identify, assess, and prioritize risks, facilitating proactive risk mitigation strategies. * **Reporting and Analytics:** Generates comprehensive reports and dashboards, providing insights into risk and compliance performance. * **Third-Party Risk Management:** Helps organizations assess and monitor the risks associated with third-party vendors and suppliers. * **Steep Learning Curve:** Diligent's interface can be overwhelming for new users due to its extensive features and functionalities. This complexity can lead to a longer onboarding process and require additional training resources. * **Customization Challenges:** Adapting Diligent to specific workflows or unique risk management requirements can be difficult. The platform's rigidity may limit flexibility and hinder seamless integration with existing systems or processes. * **Cost Considerations:** Diligent's pricing structure can be a barrier for smaller organizations or those with budget constraints. The subscription fees and potential additional costs for implementation or support services may require careful financial evaluation. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/diligent/) [Visit Site](https://www.diligent.com/) [ ![Shauvik Roy](https://www.selecthub.com/wp-content/uploads/2021/09/Shauvik-Headshot-96x96.jpg) Written By Shauvik Roy, Technical Content Writer ](https://www.selecthub.com/author/shauvik-roy/) Diligent emerges as a robust governance, risk, and compliance (GRC) platform, streamlining board management, entity management, and more. Users consistently praise its intuitive interface and user-friendly design, making navigation and adoption seamless for teams of all technical backgrounds. Diligent's strength lies in its comprehensive suite of features, encompassing everything from board meeting management and secure document sharing to real-time collaboration tools and data-driven insights. The platform's ability to centralize critical information and automate routine tasks empowers organizations to enhance efficiency and make informed decisions. Furthermore, Diligent's robust security measures and compliance certifications instill confidence in users regarding data protection and regulatory adherence. However, some users note that Diligent's extensive feature set can initially feel overwhelming, requiring dedicated training and support to fully leverage its capabilities. Additionally, while Diligent offers a range of integrations with third-party applications, some users express a desire for more extensive integration options to further streamline workflows. Cost considerations also arise, as Diligent's pricing structure may pose challenges for smaller organizations or those with limited budgets. Diligent distinguishes itself through its commitment to innovation and customer-centricity. The platform continuously evolves with regular updates and enhancements based on user feedback, ensuring it remains at the forefront of GRC technology. Diligent's dedicated customer support team is highly responsive and knowledgeable, providing timely assistance and guidance to users. This focus on user experience and continuous improvement sets Diligent apart from competitors and fosters long-term customer loyalty. Diligent is best suited for mid-sized to large organizations, particularly those operating in highly regulated industries or with complex governance structures. Its comprehensive features, scalability, and security make it an ideal choice for organizations seeking to enhance GRC practices, improve board effectiveness, and mitigate risks. Diligent's ability to streamline processes, centralize information, and provide data-driven insights empowers organizations to make informed decisions, drive growth, and achieve their strategic objectives. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/diligent/) [Visit Site](https://www.diligent.com/) * **Risk Management:** Create a centralized risk register for the entire organization and implement automated workflows to identify, assess and neutralize all recorded risks. * **Integrated Risk:** Continually integrate and analyze available data sets to address vulnerabilities in real time. Use data visualizations, dashboards and reporting to make data-driven decisions concerning critical threats. Connect existing data to assign risk scores. * **Enterprise Risk:** The ERM module provides risk detection and response, compliance and reporting capabilities. Use existing best-practice risk and control libraries or customize to keep up with regulatory standards. Improve stakeholder engagement with data visualizations and storyboarding and discover errors, omissions and anomalies. * **IT Risk:** Access preconfigured workflows to get visibility into exploits and vulnerabilities. Automate repetitive processes and customize existing workflows to adapt to changing needs. * **Third-Party Risk:** Use storyboards, data visualizations, reports and analytics to identify and prioritize critical risks. Integrate third-party information across the system to streamline contract negotiations. Categorize vendors based on impact, exposure and risk and centralize all data on the inventory of third parties. * **Integrated Risk:** Continually integrate and analyze available data sets to address vulnerabilities in real time. Use data visualizations, dashboards and reporting to make data-driven decisions concerning critical threats. Connect existing data to assign risk scores. * **Enterprise Risk:** The ERM module provides risk detection and response, compliance and reporting capabilities. Use existing best-practice risk and control libraries or customize to keep up with regulatory standards. Improve stakeholder engagement with data visualizations and storyboarding and discover errors, omissions and anomalies. * **IT Risk:** Access preconfigured workflows to get visibility into exploits and vulnerabilities. Automate repetitive processes and customize existing workflows to adapt to changing needs. * **Third-Party Risk:** Use storyboards, data visualizations, reports and analytics to identify and prioritize critical risks. Integrate third-party information across the system to streamline contract negotiations. Categorize vendors based on impact, exposure and risk and centralize all data on the inventory of third parties. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/diligent/) [Visit Site](https://www.diligent.com/) ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/risk-management-software/diligent/) [Visit Site](https://www.diligent.com/) [ ](https://www.selecthub.com/p/grc-software-tools/servicenow-grc/) [ServiceNow GRC](https://www.selecthub.com/p/grc-software-tools/servicenow-grc/) Analyst Score 92 Compare User Sentiment: 86% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $50,000Annually, Quote-Based ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=ServiceNow%2BGRC&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F37d097caf1299d9aa79c2c2b843d2d78-f09d5ff60c59206a84352aa2c7ced48a%2Fresources%2Fnormal%2Flogo.png%3F1693316665&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=ServiceNow+GRC&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/37d097caf1299d9aa79c2c2b843d2d78-f09d5ff60c59206a84352aa2c7ced48a/resources/normal/logo.png?1693316665)) Good For: Large companies Best For: Integration and Extensibility Platform Capabilities Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 98709879871009895100100810255075100 expand scores * Pros & Cons * Review * Key Features * Media * **Streamlined Risk and Compliance Management:** ServiceNow GRC helps organizations efficiently manage risks and compliance requirements, providing a centralized platform to assess, monitor, and mitigate potential threats. This can lead to improved decision-making and a more proactive approach to risk management. * **Enhanced Visibility and Reporting:** The platform offers robust reporting and analytics capabilities, enabling organizations to gain deeper insights into their risk landscape. This improved visibility helps identify trends, track key metrics, and demonstrate compliance to stakeholders. * **Automation and Efficiency:** ServiceNow GRC automates many manual tasks associated with risk management and compliance, such as data collection, control testing, and issue remediation. This automation frees up valuable time and resources, allowing teams to focus on more strategic initiatives. * **Integration with ServiceNow Ecosystem:** As part of the ServiceNow platform, GRC seamlessly integrates with other ServiceNow applications, such as IT Service Management (ITSM) and Security Operations (SecOps). This integration provides a holistic view of risk and compliance across the organization, fostering better collaboration and communication. * **Cost:** The licensing structure can be complex and expensive, especially for larger organizations or those with advanced GRC needs. This can make it difficult to predict and manage costs, potentially leading to budget overruns. * **Complexity:** Implementing and customizing ServiceNow GRC can be a complex and time-consuming process, often requiring specialized expertise. This can lead to extended implementation timelines and increased costs. * **Usability:** Some users find the interface to be unintuitive and cumbersome, particularly for those who are not familiar with ServiceNow's platform. This can lead to a steep learning curve and reduced user adoption. * **Integrations:** While ServiceNow offers a range of integrations, some users report challenges with integrating GRC with other systems, such as HR or financial applications. This can limit the effectiveness of GRC and create data silos. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/servicenow-grc/) [Visit Site](https://www.servicenow.com/products/governance-risk-and-compliance.html) Imagine a bustling airport control tower, where air traffic controllers efficiently manage the complex comings and goings of countless aircraft. ServiceNow GRC acts as a similar control tower for an organization's governance, risk, and compliance landscape, providing a centralized platform to oversee and orchestrate these critical functions. User reviews from the past year paint a picture of a powerful and comprehensive solution, but one that requires careful consideration before implementation. ServiceNow GRC received praise for its ability to streamline GRC processes, replacing siloed spreadsheets and manual tracking with a unified system. This centralized approach enhances visibility and control, enabling organizations to proactively identify and mitigate risks, ensure compliance with regulations, and make informed decisions based on real-time data. Users also appreciated the platform's scalability and flexibility, allowing it to adapt to the evolving needs of growing businesses. The seamless integration with other ServiceNow products further extends its functionality, creating a cohesive ecosystem for managing various aspects of an organization's operations. However, some users expressed concerns about the platform's cost and complexity. The initial investment and ongoing maintenance expenses may pose challenges for smaller organizations or those with limited budgets. Additionally, the implementation process can be intricate, requiring careful planning and potentially involving external consultants. These factors highlight the importance of thoroughly evaluating the organization's needs and resources before adopting ServiceNow GRC. While the platform offers robust capabilities, its suitability depends on the specific context and requirements of each organization. For larger enterprises with complex GRC needs and the resources to invest in a comprehensive solution, ServiceNow GRC can be a valuable asset in navigating the ever-changing landscape of governance, risk, and compliance. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/servicenow-grc/) [Visit Site](https://www.servicenow.com/products/governance-risk-and-compliance.html) * **Policy and Compliance:** Access tried and tested tools to manage lifecycles, compliance processes and corporate policies. * **Controls Testing:** Test controls in real time to identify anomalies and streamline threat detection. * **Policy Lifecycle:** Set up automated workflows to review and approve policies throughout their predefined lifecycles. Build a strong compliance framework and include provisions for policy exceptions. * **Control Mapping:** Consolidate the testing framework with a map of controls governing policies and regulations. * **Smart Remediation:** Leverage AI and machine learning to pursue the best remediation plan. * **Custom Workspaces:** Design custom workplaces based on the user’s persona and preferences. * **Controls Testing:** Test controls in real time to identify anomalies and streamline threat detection. * **Policy Lifecycle:** Set up automated workflows to review and approve policies throughout their predefined lifecycles. Build a strong compliance framework and include provisions for policy exceptions. * **Control Mapping:** Consolidate the testing framework with a map of controls governing policies and regulations. * **Smart Remediation:** Leverage AI and machine learning to pursue the best remediation plan. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/servicenow-grc/) [Visit Site](https://www.servicenow.com/products/governance-risk-and-compliance.html) ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/servicenow-grc/) [Visit Site](https://www.servicenow.com/products/governance-risk-and-compliance.html) [ ](https://www.selecthub.com/p/grc-software-tools/sai360/) [SAI360](https://www.selecthub.com/p/grc-software-tools/sai360/) Analyst Score 90 Compare User Sentiment: 80% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ Custom Quote i SAI360 doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=SAI360&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F6cd9313ed34ef58bad3fdd504355e72c-6bf78d5314777fee24ea603e97166c24%2Fresources%2Fnormal%2Flogo.png%3F1749010287&price=4) Free Trial: No Good For: Medium & large companies Best For: Vendor Risk Management Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 98848877789586981001001000255075100 expand scores * Pros & Cons * Review * Key Features * Media * **Centralized Risk Management:** SAI360 provides a single platform for managing various risk types, including IT, operational, third-party, and compliance risks. This centralized approach helps organizations gain a comprehensive view of their risk landscape and streamline risk management processes. * **Scalability and Flexibility:** The platform is highly scalable and can accommodate the needs of organizations of all sizes. It also offers a high degree of flexibility, allowing users to customize the system to meet their specific requirements. This adaptability ensures that SAI360 can evolve alongside an organization's changing risk management needs. * **Automation and Efficiency:** SAI360 automates many manual risk management tasks, such as data collection, risk assessments, and reporting. This automation frees up valuable time for risk management teams, allowing them to focus on more strategic initiatives. Moreover, it reduces the likelihood of errors and inconsistencies, leading to more accurate risk assessments and more effective risk mitigation strategies. * **Advanced Analytics and Reporting:** The platform provides robust analytics and reporting capabilities, enabling organizations to gain insights into their risk data and make data-driven decisions. Users can generate custom reports, dashboards, and visualizations to track key risk indicators, identify trends, and monitor the effectiveness of risk mitigation efforts. * **Compliance Management:** SAI360 helps organizations comply with relevant regulations and industry standards. The platform includes pre-built content libraries and templates for various regulations, such as GDPR, HIPAA, and ISO 27001\. This feature simplifies compliance management and reduces the risk of non-compliance penalties. * **Steep Learning Curve:** SAI360 is known for its complexity, especially for users without a strong background in GRC platforms. The interface can be overwhelming, and setting up workflows or generating reports often requires extensive training and experience. * **Customization Challenges:** While SAI360 offers customization options, implementing them can be difficult and time-consuming. Users often report needing assistance from SAI Global's professional services team, which can add to the overall cost and implementation time. * **Performance Issues:** Some users experience slow loading times and system lags, particularly when dealing with large amounts of data or complex reports. This can hinder productivity and user satisfaction. * **Cost:** SAI360 is a premium GRC solution, and its pricing reflects that. The cost can be a barrier for smaller organizations or those with limited budgets. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/sai360/) [Visit Site](https://www.saiglobal.com/risk/sai360-platform) SAI360, a risk management software platform, has received positive feedback for its user-friendly interface and comprehensive features. Users appreciate the ability to quickly gain insights into their current risk landscape, which is particularly valuable for executive management. The platform's risk register is considered more efficient than traditional spreadsheets, allowing for the collection and evaluation of risk and control data, loss event data, and audit findings. Additionally, SAI360 facilitates GDPR management and security management, further enhancing its value proposition. However, some users have noted that the initial setup and configuration of SAI360 can be time-consuming. Integrating the platform with existing systems may also require additional effort. Despite these challenges, users generally agree that the benefits of using SAI360 outweigh the drawbacks. The platform's ability to streamline risk management processes, improve decision-making, and enhance overall risk visibility makes it a valuable tool for organizations of all sizes. SAI360 is particularly well-suited for organizations with complex risk management needs, as it offers a wide range of features and customization options. Its scalability and flexibility make it adaptable to various industries and organizational structures. Furthermore, SAI360's focus on continuous improvement and its responsiveness to user feedback ensures that the platform remains relevant and effective in addressing evolving risk management challenges. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/sai360/) [Visit Site](https://www.saiglobal.com/risk/sai360-platform) * **Compliance Management:** Use built-in workflows to automate tasks, notifications and communications. Continuously assess the organization’s compliance status and keep a centralized record of information. Run reports directly from a dashboard to remediate gaps and be audit-ready. * **Flexibility:** Customize compliance forms and processes to meet requirements and secure information with personalized granular authorization levels. Allow external parties to perform audits in the Virtual Evidence Room. * **Flexibility:** Customize compliance forms and processes to meet requirements and secure information with personalized granular authorization levels. Allow external parties to perform audits in the Virtual Evidence Room. * **IT Risk:** Get complete visibility into IT systems with external data feeds, incidents, risk assessments and vulnerability scanning tools. Set up automated workflows and track the entire process in real time, from threat detection to mitigation. * **IT Compliance:** Automatically check IT compliance with requirements pre-mapped to common risk and control frameworks, including ITIL, ISO 27001, ISO 31000, COBIT and PCI. Train employees on cybersecurity, data protection, data privacy and information security regulations. * **Policies:** Store all policies in a centralized policy library with custom fields and search capabilities. Automatically review policies from time to time to identify expired and ineffective policies. * **IT Compliance:** Automatically check IT compliance with requirements pre-mapped to common risk and control frameworks, including ITIL, ISO 27001, ISO 31000, COBIT and PCI. Train employees on cybersecurity, data protection, data privacy and information security regulations. * **Policies:** Store all policies in a centralized policy library with custom fields and search capabilities. Automatically review policies from time to time to identify expired and ineffective policies. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/sai360/) [Visit Site](https://www.saiglobal.com/risk/sai360-platform) ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/sai360/) [Visit Site](https://www.saiglobal.com/risk/sai360-platform) [ ](https://www.selecthub.com/p/risk-management-software/resolver/) [Resolver](https://www.selecthub.com/p/risk-management-software/resolver/) Analyst Score 89 Compare User Sentiment: 87% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $10,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Resolver&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fb166b57d195370cd41f80dd29ed523d9-e426553229a24bb558455c9f2d776359%2Fresources%2Fnormal%2Flogo.png%3F1706632995&price=5) Free Trial: No Good For: Medium & large companies Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 9197759796985998100100780255075100 expand scores * Pros & Cons * Review * Key Features * Media * **Functionality:** The solution offers multiple features for governance, risk and compliance management, according to 88% of users who reviewed this aspect. * **Ease of Use:** According to 72% of users reviewing this element, the platform’s intuitive UI and customizability make it easy to use. * **Speed and Performance:** 67% of users who mentioned the platform’s performance said it’s fast and reliable. * **Reporting:** Regarding this feature, 75% of reviewers expressed satisfaction with flexible and highly customizable reports. * **Service and Support:** 89% of users who reviewed the customer support said it’s friendly and useful with great incident management skills. * **Integrations:** The platform needs wider and better integration options, according to 100% of users who reviewed this aspect. * **Implementation and Setup:** All the users who mentioned this element said the implementation process is time-consuming. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/resolver/) [Visit Site](https://www.resolver.com/) [ ![Shauvik Roy](https://www.selecthub.com/wp-content/uploads/2021/09/Shauvik-Headshot-96x96.jpg) Written By Shauvik Roy, Technical Content Writer ](https://www.selecthub.com/author/shauvik-roy/) Resolver provides enterprise risk management, incident management, and security and investigation modules in a stable and easy-to-use package. It offers a high degree of flexibility and customizability to ensure seamless scaling with changes and requirements. The ability to create custom reports further adds to its price to performance value. However, the platform’s lengthy implementation process can negatively impact time to market. All things considered, Resolver offers excellent functionalities for this price range as long as you don’t have to compromise on integration options important to your business. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/resolver/) [Visit Site](https://www.resolver.com/) * **Incident Management:** Simplify the organization’s incident reporting process. Automate incident remediation with artificial intelligence. Track root causes, location, trends and charts to prevent future occurrences. * **Intelligent Triage:** Leverage artificial intelligence algorithms to tag corporate incidents and prioritize remediation. * **Customization:** Create, customize and define data fields, forms and workflows in a low-code environment. * **Geo-Mapping:** Track specific elements within incident reports to create a geo-map and visualize possible connections and associations. * **Data Warehouse, Analytics & Reporting:** Run reports on investigative efficiency, incident volumes, high-risk assets and more. Analyze the organization’s data to generate predictive models. * **Intelligent Triage:** Leverage artificial intelligence algorithms to tag corporate incidents and prioritize remediation. * **Customization:** Create, customize and define data fields, forms and workflows in a low-code environment. * **Geo-Mapping:** Track specific elements within incident reports to create a geo-map and visualize possible connections and associations. * **Data Warehouse, Analytics & Reporting:** Run reports on investigative efficiency, incident volumes, high-risk assets and more. Analyze the organization’s data to generate predictive models. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/resolver/) [Visit Site](https://www.resolver.com/) ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/risk-management-software/resolver/) [Visit Site](https://www.resolver.com/) [ ](https://www.selecthub.com/p/grc-software-tools/onetrust-grc/) [OneTrust GRC](https://www.selecthub.com/p/grc-software-tools/onetrust-grc/) Analyst Score 88 Compare User Sentiment: 84% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $30Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=OneTrust%2BGRC&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F6a6e3ec7373f2a5d2fdb3e4e5b80debd-34d2c618a9c62e77f79059bba6190113%2Fresources%2Fnormal%2Flogo.png%3F1724427538&price=2) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=OneTrust+GRC&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/6a6e3ec7373f2a5d2fdb3e4e5b80debd-34d2c618a9c62e77f79059bba6190113/resources/normal/logo.png?1724427538)) Good For: Large companies Best For: Incident Management Integration and Extensibility Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 958186999779866483100810255075100 expand scores * Pros & Cons * Review * Key Features * Media * **Centralized Platform:** Streamlines risk management processes by consolidating data, assessments, and workflows in one place. * **Customizable:** Adapts to specific organizational needs with flexible workflows, assessments, and reporting capabilities. * **Automation:** Reduces manual tasks and improves efficiency through automated workflows, notifications, and data collection. * **Reporting and Analytics:** Provides insights into risk posture with comprehensive reporting and analytics tools, enabling data-driven decision-making. * **Scalability:** Supports organizations of all sizes and complexities, accommodating growth and evolving risk management requirements. * **Customization Challenges:** OneTrust may present difficulties when tailoring the platform to specific organizational workflows or unique risk management requirements, potentially necessitating extra configuration or coding. * **Usability Concerns:** The user interface can feel intricate and overwhelming, particularly for those new to GRC platforms or with limited technical expertise, potentially leading to a steep learning curve and impacting user adoption. * **Cost Considerations:** Depending on the chosen modules and features, OneTrust can be a significant investment for organizations, especially smaller ones or those with budget constraints. Careful evaluation of pricing structures and potential hidden costs is crucial. * **Integration Complexities:** Integrating OneTrust with existing enterprise systems or third-party applications may require additional effort and technical expertise, potentially posing challenges for seamless data exchange and workflow automation. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/onetrust-grc/) [Visit Site](https://www.onetrust.com/solutions/grc/) [ ![Shauvik Roy](https://www.selecthub.com/wp-content/uploads/2021/09/Shauvik-Headshot-96x96.jpg) Written By Shauvik Roy, Technical Content Writer ](https://www.selecthub.com/author/shauvik-roy/) Navigating the complex world of Governance, Risk, and Compliance (GRC) can feel like trying to find your way through a jungle without a map. Fortunately, software solutions like OneTrust GRC aim to simplify this journey for organizations. But how does it stack up against the competition, and is it the right fit for your needs? Let's delve into the experiences of users over the past year to find out. OneTrust GRC consistently receives praise for its user-friendly interface and ease of implementation. Unlike some of its counterparts, such as IBM Security Verify, SAP GRC, and Oracle Risk Management, which can have steeper learning curves, OneTrust GRC appears more intuitive and accessible for users with varying levels of technical expertise. This is particularly important for organizations that may not have dedicated IT teams or extensive resources to invest in training. Additionally, OneTrust GRC's modular format allows organizations to select and implement only the features they need, providing flexibility and cost-effectiveness. However, it's not all sunshine and roses. Some users have noted that OneTrust GRC's reporting capabilities could be more robust, particularly for generating complex or customized reports. Additionally, while the platform offers a wide range of features, some users have expressed a desire for more advanced functionality in certain areas, such as risk analytics and predictive modeling. These limitations may be a consideration for larger enterprises with more sophisticated GRC requirements. Overall, OneTrust GRC appears well-suited for organizations seeking a comprehensive yet user-friendly GRC solution. Its ease of use, flexibility, and scalability make it a compelling option for businesses of all sizes, especially those with growing or evolving GRC needs. However, organizations with highly complex reporting or analytics requirements may want to explore additional options or consider supplementing OneTrust GRC with specialized tools. As always, it's recommended to thoroughly evaluate your specific needs and compare different solutions before making a decision. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/onetrust-grc/) [Visit Site](https://www.onetrust.com/solutions/grc/) * **IT and Security Risk:** Incorporate enterprise data to calculate risk scores and set acceptable risk tolerance thresholds. Maintain up-to-date risk libraries and automatically flag potential threats. Continuously monitor risk detection and remediation tasks and external compliance activities. * **Data Collection:** Create a centralized digital inventory of IT assets, data flows and business processes. Perform automated assessments to collect new risk data and pre-populate relevant fields. Leverage the open API framework to integrate external systems and collaborate on risk data across mapped fields. * **Integrations:** Use conditional logic-based triggers to automate data exchange across multiple systems. Choose from over 500 integration options. * **Control Management:** Risk owners can use a built-in control library or create new controls. Automatically link controls to frameworks, standards and best practices through AI. Perform continual self-assessment and business scans to determine control maturity and efficacy. * **Risk Quantification:** Perform qualitative and quantitative risk assessments with a preconfigured risk matrix. Adjust values and range adequately and document risk exposure. Equip risk assessment technology with risk values to auto-flag issues and anomalies. * **Regulation and Policy Framework:** The built-in regulatory intelligence platform, Onetrust DataGuidance, automatically provides updates to security and regulatory standards. Access all the leading risk, threat and control libraries and compliance frameworks, including ISO, SOC 2, GDPR, NIST and more. * **Workflow:** Use preconfigured workflows to designate clear first-line response measures, automate task assignment and analyze control effectiveness. Maintain a transparent documentation procedure for risk processing, exception handling and more. * **Performance Tracking:** Run reports on KRIs, aggregated risk score, risk timeline history and more. Data lineage mapping tracks the flow of data through critical processes and IT assets. Use an intuitive dashboard to visualize risk appetite, reports and audits, and create heatmaps. * **Data Collection:** Create a centralized digital inventory of IT assets, data flows and business processes. Perform automated assessments to collect new risk data and pre-populate relevant fields. Leverage the open API framework to integrate external systems and collaborate on risk data across mapped fields. * **Integrations:** Use conditional logic-based triggers to automate data exchange across multiple systems. Choose from over 500 integration options. * **Control Management:** Risk owners can use a built-in control library or create new controls. Automatically link controls to frameworks, standards and best practices through AI. Perform continual self-assessment and business scans to determine control maturity and efficacy. * **Risk Quantification:** Perform qualitative and quantitative risk assessments with a preconfigured risk matrix. Adjust values and range adequately and document risk exposure. Equip risk assessment technology with risk values to auto-flag issues and anomalies. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/onetrust-grc/) [Visit Site](https://www.onetrust.com/solutions/grc/) ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/onetrust-grc/) [Visit Site](https://www.onetrust.com/solutions/grc/) [ ](https://www.selecthub.com/p/risk-management-software/riskonnect/) [Riskonnect](https://www.selecthub.com/p/risk-management-software/riskonnect/) Analyst Score 87 Compare User Sentiment: 82% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ $283,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Riskonnect&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F92977ae4d2ba21425a59afb269c2a14e-01837a04334120f7ac1b0752622bff0d%2Fresources%2Fnormal%2Flogo.png%3F1693316281&price=5) Free Trial: No Good For: Large companies Best For: Compliance Policy Management Regulatory Management Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 855610079949710010010098670255075100 expand scores * Pros & Cons * Review * Key Features * Media * **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. * **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. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/riskonnect/) [Visit Site](https://riskonnect.com/) 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. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/riskonnect/) [Visit Site](https://riskonnect.com/) * **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. * **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. [ Read Full Review](https://www.selecthub.com/p/risk-management-software/riskonnect/) [Visit Site](https://riskonnect.com/) ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/risk-management-software/riskonnect/) [Visit Site](https://riskonnect.com/) [ ](https://www.selecthub.com/p/grc-software-tools/logicgate/) [LogicGate](https://www.selecthub.com/p/grc-software-tools/logicgate/) Analyst Score 86 Compare User Sentiment: 95% of users recommend this product i Based on user reviews collected from popular reviews sites. Start Price: [ Custom Quote i LogicGate doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=LogicGate&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F171ae1bbb81475eb96287dd78565b38b-d05a7357fd01f3f1919f6f4d23a5abb7%2Fresources%2Fnormal%2Flogo.png%3F1693319228&price=5) Free Trial: No Good For: Medium & large companies Best For: Regulatory Management Feature Scores Audit Management Business ContinuityManagement Compliance Incident Management Operational RiskManagement and ITSecurity Platform Capabilities Policy Management Regulatory Management Reports and Dashboards Risk Management Vendor Risk Management 83778690718686100100100830255075100 expand scores * Pros & Cons * Review * Key Features * Media * **No-Code Platform:** Users appreciate the platform's user-friendly, no-code approach, which allows those without coding experience to easily build and customize workflows, forms, and reports. This empowers business users to take ownership of risk management processes without relying on IT support. * **Flexibility and Customization:** LogicGate's flexibility allows users to tailor the platform to their specific needs. Users can create custom objects, fields, and relationships to model their unique risk and compliance requirements. This adaptability ensures the platform can evolve alongside changing business needs. * **Integrations:** LogicGate offers integrations with various third-party applications, such as GRC platforms, single sign-on providers, and data visualization tools. These integrations enable users to connect LogicGate with their existing technology stack, streamlining data flow and enhancing overall efficiency. * **Scalability:** The platform is designed to scale with organizations as they grow. Whether managing a small team or a large enterprise, LogicGate can accommodate increasing data volumes and user numbers without compromising performance. * **Steep Learning Curve:** The platform's interface can be challenging for new users due to its complexity and lack of intuitive design, leading to a longer onboarding process and potential frustration. * **Customization Limitations:** LogicGate may not offer the level of customization required by some organizations with unique risk management workflows or reporting needs, potentially hindering their ability to tailor the platform to their specific requirements. * **Reporting Challenges:** Generating reports can be cumbersome, and the available reporting features may not provide the flexibility and depth of analysis needed for comprehensive risk assessments and decision-making. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/logicgate/) [Visit Site](https://www.logicgate.com/) [ ![Shauvik Roy](https://www.selecthub.com/wp-content/uploads/2021/09/Shauvik-Headshot-96x96.jpg) Written By Shauvik Roy, Technical Content Writer ](https://www.selecthub.com/author/shauvik-roy/) LogicGate's Risk Cloud platform has attracted attention for its ability to streamline risk management processes. Users frequently highlight its user-friendly interface and intuitive design, making it accessible even for individuals without extensive risk management experience. The platform's flexibility allows it to adapt to various risk types, including operational, financial, and compliance risks, making it a versatile solution for diverse organizations. Additionally, LogicGate's automation capabilities, such as automated risk assessments and control evidence collection, save time and effort for risk management teams. While LogicGate receives praise for its strengths, some users note areas for improvement. Some users mention that the platform's reporting features could be more robust, offering greater customization and data visualization options. Additionally, while LogicGate integrates with various third-party tools, expanding its integration ecosystem could further enhance its value proposition. Despite these considerations, LogicGate remains a strong contender in the risk management software market. LogicGate distinguishes itself through its no-code approach, empowering users to build custom workflows and applications without requiring coding expertise. This feature democratizes risk management, enabling broader participation from various departments within an organization. Furthermore, LogicGate's graph database technology facilitates the identification of complex relationships between risks and controls, providing a holistic view of an organization's risk landscape. This comprehensive approach aids in informed decision-making and proactive risk mitigation. LogicGate is well-suited for organizations seeking a user-friendly and comprehensive risk management solution. Its adaptability to different risk types and its automation capabilities make it valuable for businesses of all sizes. Organizations with limited IT resources or those looking to empower non-technical users in risk management processes will particularly benefit from LogicGate's no-code platform. However, organizations requiring highly customized reporting or extensive integrations with niche tools may need to consider additional solutions or customizations to fully meet their needs. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/logicgate/) [Visit Site](https://www.logicgate.com/) * **Enterprise Risk Management:** Continuously monitor critical processes for any sign of vulnerability. Perform customizable calculations to predict the potential impact of a disaster. * **Workstreams:** Set up automation-driven workflows for document collections, notifications, deadline-triggered requests and transparent tracking. * **Assessments:** Stakeholders can assess the risk register across multiple business domains. Use assessment data to prepare effective mitigation strategies. * **Questionnaires:** Prepare dynamic questionnaires to process data from interview and survey inputs. * **Risk Alignment:** Convert assessment data into task items with deadlines and notifications and assign them to individual risk owners. Track the status of ongoing remediation activities and send alerts to related stakeholders. * **Visual Data:** Run custom analytics and reporting for a real-time heat map of critical risks across the program. * **Workstreams:** Set up automation-driven workflows for document collections, notifications, deadline-triggered requests and transparent tracking. * **Assessments:** Stakeholders can assess the risk register across multiple business domains. Use assessment data to prepare effective mitigation strategies. * **Questionnaires:** Prepare dynamic questionnaires to process data from interview and survey inputs. * **Risk Alignment:** Convert assessment data into task items with deadlines and notifications and assign them to individual risk owners. Track the status of ongoing remediation activities and send alerts to related stakeholders. [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/logicgate/) [Visit Site](https://www.logicgate.com/) ![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]()![Screenshots]() [ Read Full Review](https://www.selecthub.com/p/grc-software-tools/logicgate/) [Visit Site](https://www.logicgate.com/) #### Filter Products (65) Pricing $10 or less $10 - $100 $100 - $500 $500 - $1,000 $1,000 or more Company Size Small Medium Large Deployment Cloud On-Premise Platform Linux MacOS Windows Industries All Accounting / CPA Advertising Aerospace & Defense Agriculture Apparel Architecture Auto Dealership Automotive Banking & Financial Services Banking & Mortgage Chemicals Construction & Engineering Construction / Contracting Consulting Consumer Products Distribution E-commerce Education Electronics Energy & Utilities Federal Government Field Maintenance Food & Beverage Healthcare / Social Services Hospitality / Gaming / Travel Human Resources Industrial Machinery Information Technology & High Tech Insurance Legal Maintenance / Field Service Manufacturing Marketing Services Media & Communications / Entertainment Mill Products Mining / Metals Mortgage Non-Profit Not Available Oil & Gas Other Other Services Payroll Provider Pharmaceuticals Professional Employer Organization Professional Services Property Management Public Sector Real Estate Recruiting Agency Religious Institutions Retail Sales & Marketing Semiconductors Software / IT Sports and Recreation Staffing Agency State & Local Government Telecommunications Third-Party Administrator Transportation & Logistics Wholesale Distribution Free Trial Apply Reset filters ## All Risk Management Software Showing 1 - 20 of 65 Products Sort by Most Popular Starting Price (Low to High) Starting Price (High to Low) Analyst Rating User Sentiment [ Nitrogen by Nitrogen Wealth, Inc. ](https://www.selecthub.com/p/risk-management-software/nitrogen-wealth/) [View Product Details ](https://www.selecthub.com/p/risk-management-software/nitrogen-wealth/) Start Price: [ $1,188Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Nitrogen&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F1747774b79e1da589f5eafc576b4c2e1-bb9df709af03cc4c3989f743b5bd2011%2Fresources%2Fnormal%2Flogo.png%3F1747087200&price=5) Free Trial: No Good For: Any company size Deployment: Cloud User Sentiment: 83% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://nitrogenwealth.com/) Comparethe top leaders [ RSA Archer by EMC (RSA Aveksa) ](https://www.selecthub.com/p/grc-software-tools/rsa-archer/) Analyst Score 95 [View Product Details ](https://www.selecthub.com/p/grc-software-tools/rsa-archer/) Best For: Overall Audit Management Business Continuity Management Regulatory Management Start Price: [ $14,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=RSA%2BArcher&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F04048aeca2c0f5d84639358008ed2ae7-a5478246124ce176bb4997e78801ae93%2Fresources%2Fnormal%2Flogo.png%3F1693316704&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=RSA+Archer&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/04048aeca2c0f5d84639358008ed2ae7-a5478246124ce176bb4997e78801ae93/resources/normal/logo.png?1693316704)) Good For: Medium & large companies Deployment: Cloud, On-Premise User Sentiment: 80% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.archerirm.com/) Compareup to 5 products [ Resolver by Resolver Inc. ](https://www.selecthub.com/p/risk-management-software/resolver/) Analyst Score 89 [View Product Details ](https://www.selecthub.com/p/risk-management-software/resolver/) Start Price: [ $10,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Resolver&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fb166b57d195370cd41f80dd29ed523d9-e426553229a24bb558455c9f2d776359%2Fresources%2Fnormal%2Flogo.png%3F1706632995&price=5) Free Trial: No Good For: Medium & large companies Deployment: Cloud User Sentiment: 87% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.resolver.com/) Compareup to 5 products [ MetricStream by MetricStream Inc. ](https://www.selecthub.com/p/grc-software-tools/metricstream/) Analyst Score 94 [View Product Details ](https://www.selecthub.com/p/grc-software-tools/metricstream/) Best For: Business Continuity Management Compliance Operational Risk Management and IT Security Platform Capabilities Regulatory Management Start Price: [ $75,000Annually, Quote-Based ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=MetricStream&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F33ebd5b07dc7e407752fe773eed20635-4538b23786c9decefbae46df39603def%2Fresources%2Fnormal%2Flogo.png%3F1705948920&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=MetricStream&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/33ebd5b07dc7e407752fe773eed20635-4538b23786c9decefbae46df39603def/resources/normal/logo.png?1705948920)) Good For: Any company size Deployment: Cloud, On-Premise User Sentiment: 80% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.metricstream.com/) Compareup to 5 products [ Origami Risk by Origami Risk LLC ](https://www.selecthub.com/p/risk-management-software/origami-risk/) [View Product Details ](https://www.selecthub.com/p/risk-management-software/origami-risk/) Start Price: [ Custom Quote i Origami Risk doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Origami%2BRisk&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fca75910166da03ff9d4655a0338e6b09-093ea551013c78340741ff9f1986e75a%2Fresources%2Fnormal%2Flogo.png%3F1706623097&price=4) Free Trial: No Good For: Medium & large companies Deployment: Cloud, On-Premise User Sentiment: 91% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.origamirisk.com/) Comparethe top leaders [ LogicManager by LogicManager, Inc ](https://www.selecthub.com/p/risk-management-software/logicmanager/) Analyst Score 93 [View Product Details ](https://www.selecthub.com/p/risk-management-software/logicmanager/) Best For: Audit Management Business Continuity Management Integration and Extensibility Policy Management Start Price: [ $10,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=LogicManager&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fe2eacaff46787bfeefcaa24cf35264c7-67f3970f17d82fa271c6b9386db0e9cb%2Fresources%2Fnormal%2Flogo.png%3F1693317128&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=LogicManager&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/e2eacaff46787bfeefcaa24cf35264c7-67f3970f17d82fa271c6b9386db0e9cb/resources/normal/logo.png?1693317128)) Good For: Medium & large companies Deployment: Cloud User Sentiment: 91% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](http://www.logicmanager.com/) Compareup to 5 products [ Global Risk Exchange by ProcessUnity ](https://www.selecthub.com/p/risk-management-software/global-risk-exchange/) [View Product Details ](https://www.selecthub.com/p/risk-management-software/global-risk-exchange/) Start Price: [ Custom Quote i Global Risk Exchange doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Global%2BRisk%2BExchange&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Ff5c5e3ca89f12880365ad4ee57da206d-3af27cefc8bfeaf870e6bd96aa007848%2Fresources%2Fnormal%2Flogo.png%3F1749010266&price=3) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Global+Risk+Exchange&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/f5c5e3ca89f12880365ad4ee57da206d-3af27cefc8bfeaf870e6bd96aa007848/resources/normal/logo.png?1749010266)) Good For: Medium & large companies Deployment: Cloud User Sentiment: 86% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.processunity.com/global-risk-exchange/) Comparethe top leaders [ Diligent by Diligent ](https://www.selecthub.com/p/risk-management-software/diligent/) Analyst Score 92 [View Product Details ](https://www.selecthub.com/p/risk-management-software/diligent/) Best For: Regulatory Management Start Price: [ $5,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Diligent&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F3368986bdca0efedda1eda8d39b3ae6c-4c2322f4bce69666f29973137dfd2219%2Fresources%2Fnormal%2Flogo.png%3F1693319226&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=Diligent&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/3368986bdca0efedda1eda8d39b3ae6c-4c2322f4bce69666f29973137dfd2219/resources/normal/logo.png?1693319226)) Good For: Large companies Deployment: Cloud, On-Premise User Sentiment: 91% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.diligent.com/) Compareup to 5 products [ ServiceNow GRC by ServiceNow ](https://www.selecthub.com/p/grc-software-tools/servicenow-grc/) Analyst Score 92 [View Product Details ](https://www.selecthub.com/p/grc-software-tools/servicenow-grc/) Best For: Integration and Extensibility Platform Capabilities Start Price: [ $50,000Annually, Quote-Based ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=ServiceNow%2BGRC&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F37d097caf1299d9aa79c2c2b843d2d78-f09d5ff60c59206a84352aa2c7ced48a%2Fresources%2Fnormal%2Flogo.png%3F1693316665&price=5) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=ServiceNow+GRC&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/37d097caf1299d9aa79c2c2b843d2d78-f09d5ff60c59206a84352aa2c7ced48a/resources/normal/logo.png?1693316665)) Good For: Large companies Deployment: Cloud User Sentiment: 86% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.servicenow.com/products/governance-risk-and-compliance.html) Compareup to 5 products [ Riskonnect by Riskonnect Inc. ](https://www.selecthub.com/p/risk-management-software/riskonnect/) Analyst Score 87 [View Product Details ](https://www.selecthub.com/p/risk-management-software/riskonnect/) Best For: Compliance Policy Management Regulatory Management Start Price: [ $283,000Annually ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Riskonnect&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F92977ae4d2ba21425a59afb269c2a14e-01837a04334120f7ac1b0752622bff0d%2Fresources%2Fnormal%2Flogo.png%3F1693316281&price=5) Free Trial: No Good For: Large companies Deployment: Cloud User Sentiment: 82% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://riskonnect.com/) Compareup to 5 products [ SAI360 by SAI Global Limited ](https://www.selecthub.com/p/grc-software-tools/sai360/) Analyst Score 90 [View Product Details ](https://www.selecthub.com/p/grc-software-tools/sai360/) Best For: Vendor Risk Management Start Price: [ Custom Quote i SAI360 doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=SAI360&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F6cd9313ed34ef58bad3fdd504355e72c-6bf78d5314777fee24ea603e97166c24%2Fresources%2Fnormal%2Flogo.png%3F1749010287&price=4) Free Trial: No Good For: Medium & large companies Deployment: Cloud, On-Premise User Sentiment: 80% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.saiglobal.com/risk/sai360-platform) Compareup to 5 products [ Aclaimant by Aclaimant ](https://www.selecthub.com/p/risk-management-software/aclaimant/) [View Product Details ](https://www.selecthub.com/p/risk-management-software/aclaimant/) Start Price: [ Custom Quote i Aclaimant doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=Aclaimant&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Fe619f7a17016c62600bafacfb8e15a6f-dda5da102a4f55b777a90426a008498c%2Fresources%2Fnormal%2Flogo.png%3F1740513666&price=3) Free Trial: No Good For: Any company size Deployment: Cloud [Visit Site](https://www.aclaimant.com/) Comparethe top leaders [ OneTrust GRC by OneTrust ](https://www.selecthub.com/p/grc-software-tools/onetrust-grc/) Analyst Score 88 [View Product Details ](https://www.selecthub.com/p/grc-software-tools/onetrust-grc/) Best For: Incident Management Integration and Extensibility Start Price: [ $30Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=OneTrust%2BGRC&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F6a6e3ec7373f2a5d2fdb3e4e5b80debd-34d2c618a9c62e77f79059bba6190113%2Fresources%2Fnormal%2Flogo.png%3F1724427538&price=2) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=OneTrust+GRC&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/6a6e3ec7373f2a5d2fdb3e4e5b80debd-34d2c618a9c62e77f79059bba6190113/resources/normal/logo.png?1724427538)) Good For: Large companies Deployment: Cloud User Sentiment: 84% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.onetrust.com/solutions/grc/) Compareup to 5 products [ TrustLayer by TrustLayer ](https://www.selecthub.com/p/risk-management-software/trustlayer/) [View Product Details ](https://www.selecthub.com/p/risk-management-software/trustlayer/) Start Price: [ Custom Quote i TrustLayer doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=TrustLayer&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F7331da3b0e6d2887993eaee520f03a5a-8c39c433094ca32bd18fd76c1e9da42a%2Fresources%2Fnormal%2Flogo.jpg%3F1749010313&price=5) Free Trial: No Good For: Any company size Deployment: Cloud User Sentiment: 100% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://trustlayer.io) Comparethe top leaders [ LogicGate by LogicGate ](https://www.selecthub.com/p/grc-software-tools/logicgate/) Analyst Score 86 [View Product Details ](https://www.selecthub.com/p/grc-software-tools/logicgate/) Best For: Regulatory Management Start Price: [ Custom Quote i LogicGate doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=LogicGate&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F171ae1bbb81475eb96287dd78565b38b-d05a7357fd01f3f1919f6f4d23a5abb7%2Fresources%2Fnormal%2Flogo.png%3F1693319228&price=5) Free Trial: No Good For: Medium & large companies Deployment: Cloud User Sentiment: 95% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.logicgate.com/) Compareup to 5 products [ oneAdvanced Risk Management by oneAdvanced ](https://www.selecthub.com/p/risk-management-software/oneadvanced-risk-management/) [View Product Details ](https://www.selecthub.com/p/risk-management-software/oneadvanced-risk-management/) Start Price: [ Custom Quote i oneAdvanced Risk Management doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=oneAdvanced%2BRisk%2BManagement&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F718866c6b801cac6478a5ad7fbf1d14c-a042ee8d63dbac097db97ccd6ca9aa5e%2Fresources%2Fnormal%2Flogo.png%3F1740518116&price=3) Free Trial: No Good For: Any company size Deployment: Cloud, On-Premise User Sentiment: 100% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.oneadvanced.com/products/risk-management/) Comparethe top leaders [ PrivIQ by Compliance Technology Solutions ](https://www.selecthub.com/p/risk-management-software/priviq/) [View Product Details ](https://www.selecthub.com/p/risk-management-software/priviq/) Start Price: [ $210.31Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=PrivIQ&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2Faf5a968312f8d1e3246a966fac1606da-3b441518d8505c4e6e9c2e14a941289b%2Fresources%2Fnormal%2Flogo.png%3F1740518327&price=3) Free Trial: No Good For: Any company size Deployment: Cloud User Sentiment: 100% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.priviq.com/) Comparethe top leaders [ KPA Risk Management Center by Succeed Management Solutions ](https://www.selecthub.com/p/risk-management-software/kpa-risk-management-center/) [View Product Details ](https://www.selecthub.com/p/risk-management-software/kpa-risk-management-center/) Start Price: [ Custom Quote i KPA Risk Management Center doesn't have a fixed starting price. For pricing details, you'll need to request a custom quote. Factors that can influence final pricing for Risk Management Software typically include number of users, chosen modules or features, level of support, services like implementation, and add-ons. ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=KPA%2BRisk%2BManagement%2BCenter&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F6ed94d74189ebcdb131007c4babee442-e92ce96918403eb5f909735dc8ff82b2%2Fresources%2Fnormal%2Flogo.png%3F1748923374&price=3) Free Trial: Yes ([Request for Free](https://pmo.selecthub.com/free-trial/?product%5Fname=KPA+Risk+Management+Center&category=Risk+Management+Software&product%5Flogo=https://cdn.selecthub.com/products/6ed94d74189ebcdb131007c4babee442-e92ce96918403eb5f909735dc8ff82b2/resources/normal/logo.png?1748923374)) Good For: Any company size Deployment: Cloud User Sentiment: 100% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.kpa.io/risk-management-center) Comparethe top leaders [ ARMATURE Fabric by ARMATURE ](https://www.selecthub.com/p/risk-management-software/armature-fabric/) Analyst Score 67 [View Product Details ](https://www.selecthub.com/p/risk-management-software/armature-fabric/) Start Price: [ $24,000Annually, Quote-Based ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=ARMATURE%2BFabric&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F7d38b1e9bd793d3f45e0e212a729a93c-112ced44e96ec319f3a9a853808d8837%2Fresources%2Fnormal%2Flogo.png%3F1693319228&price=5) Free Trial: No Good For: Any company size Deployment: Cloud, On-Premise User Sentiment: 82% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://armaturecorp.com/armature-fabric/) Compareup to 5 products [ NAVEX by NAVEX Global ](https://www.selecthub.com/p/grc-software-tools/navex/) Analyst Score 84 [View Product Details ](https://www.selecthub.com/p/grc-software-tools/navex/) Start Price: [ $2,600Monthly ](https://pmo.selecthub.com/get-product-pricing/?category=Risk+Management+Software&product%5Fname=NAVEX&origin%5Furl=https%3A%2F%2Fwww.selecthub.com%2Fc%2Frisk-management-software%2F&product%5Flogo=https%3A%2F%2Fd3uimxdj41cg3o.cloudfront.net%2Fproducts%2F52cf49fea5ff66588408852f65cf8272-93f18caeebdb8bd2774e1d8b33abb47e%2Fresources%2Fnormal%2Flogo.png%3F1748899758&price=5) Free Trial: No Good For: Medium & large companies Deployment: Cloud, On-Premise User Sentiment: 77% of users recommend this product i Based on user reviews collected from popular reviews sites. [Visit Site](https://www.navex.com/en-us/) Compareup to 5 products * < * 1 * [2](https://www.selecthub.com/c/risk-management-software/?page=2) * [3](https://www.selecthub.com/c/risk-management-software/?page=3) * [4](https://www.selecthub.com/c/risk-management-software/?page=4) * [ \> ](https://www.selecthub.com/c/risk-management-software/?page=2) ### Guide Contents * [Executive Summary](#bg-heading-1) * [Primary Benefits](#bg-heading-2) * [Key Features & Functionality](#bg-heading-3) * [Software Comparison Strategy](#bg-heading-4) * [Cost & Pricing Considerations](#bg-heading-5) * [Questions To Ask](#bg-heading-6) * [In Conclusion](#bg-heading-7) Related Categories [GRC Software](https://www.selecthub.com/c/grc-software-tools/) [Supply Chain Risk Management Software](https://www.selecthub.com/c/supply-chain-risk-management-software/) [Vendor Risk Management Software](https://www.selecthub.com/c/vendor-risk-management-software/) List Your Product Thousands of buyers are researching their next purchase. Ensure they find you by claiming your product profile now. [Claim Product Listing]( https://pmo.selecthub.com/claim-your-product/) ## Risk Management Software Buyer's Guide ## What is Risk Management Software? Risk management software is crucial for identifying and mitigating potential threats, much like a skilled lifeguard watching over a busy pool. It addresses challenges such as compliance issues, financial losses, and operational disruptions. Key functionalities include risk assessment, incident tracking, and reporting tools, benefiting users in industries like finance, healthcare, and manufacturing. Emerging features like predictive analytics and automated alerts enhance proactive decision-making. However, some users may find the software complex to implement. Ultimately, risk management software empowers organizations to safeguard their assets, ensure compliance, and foster a culture of safety and awareness. ### What are the Key Benefits of Risk Management Software? * Proactive risk identification * Streamlined risk assessment * Prioritized risk mitigation * Improved decision-making * Enhanced compliance assurance * Reduced operational disruptions * Boosted financial resilience * Data-driven risk insights * Collaborative risk management **Risk Management Software is All About Securely Managing IT, Security and Compliance with One Integrated Solution** By Shauvik Roy, Technical Content Writer at SelectHub ![Risk Management Software BG Intro]() [Risk management](https://www.selecthub.com/risk-management/risk-management/) helps organizations detect and mitigate enterprise risks and get a 360-degree view of corporate security, system governance and compliance. It allows users to monitor a continuous feed of operational data, connected devices and user accounts to respond to vulnerabilities in real time. You can leverage built-in dashboards to index and quarantine compromised data. It helps run reports on detected breaches, identify risk trends, predict threat behavior and create data visualizations to streamline risk remediation strategies. This guide will give you a general overview of what to expect before beginning your software selection journey. Next, it will provide a rundown of key features and benefits, followed by a pricing guide and comparison strategy. To finish things, we’ll leave you with a few essential questions to consider while identifying which risk management software would be suitable for your needs. ### Executive Summary * Risk management software streamlines the detection and remediation of operational risks and [third-party vulnerabilities](https://awakesecurity.com/glossary/third-party-risk/). * It helps maintain compliance with various state and federal regulations. * Automated risk mitigation workflows and powerful reporting capabilities eliminate the stress and paperwork associated with risk and compliance management, allowing organizations to focus more on their primary services. **What This Guide Covers:** * [Benefits](#2) * [Features & Functionality](#3) * [Software Comparison Strategy](#4) * [Cost & Pricing Considerations](#5) * [Questions To Ask](#7) * [In Conclusion](#8) ### Primary Benefits Now that we have a general idea of what the software does, it’s time to discuss some of the primary benefits that make it a worthwhile investment. Visit the list of products in our [product directory](https://www.selecthub.com/c/risk-management-software/) to see industry-specific benefits provided by particular risk management solutions. ![Risk Management Software Benefits]() #### Timely Risk Remediation Risk management software will be your vanguard against any potential threats and vulnerabilities. It acts as an early warning system, equipped with automated workflows and remediation measures to provide a hassle-free risk mitigation experience. You can run compliance audits and security reports based on your requirements and always have the necessary information at your disposal to make risk-aware decisions. #### Always Have Someone Available During Emergencies Establish clear-cut risk ownership throughout your organization. Your risk owners will be the first responders to any breaches, threats or workplace incidents. Built-in workflows, along with your company guidelines, should allow them to deal with vulnerabilities effectively. #### Protect Core Functions You can assign risk scores to all recorded threats, endpoint devices, user accounts and third-party vendors. Configure your risk prioritization procedure to work in tandem with recorded risk scores. This way, the software will always prioritize your critical processes in case of risk incidents. #### Get Real-time Updates on All Company Assets Risk management software provides a real-time inventory of existing IT infrastructure, endpoint devices and web applications. You can track every item's security and compliance posture without breaking a sweat. #### Increase Risk Awareness Working in close proximity to risk automatically creates a risk-aware working environment. Along with regular training, risk consciousness makes it easier for employees to identify risk indicators and authorize the best course of action. ### Key Features & Functionality ![Risk Management Software Features]() | Risk Identification | Risk identification is step one in your risk management journey. Good platforms will do all the heavy lifting for you, thoroughly analyzing system vulnerabilities and third-party risks across all operational domains. As you encounter newer and more advanced threats, you can keep adding definitions to the risk dictionary for a more secure future. | | ------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Risk Assessment | This feature allows risk owners to track and analyze business processes in real time. Based on their evaluations, you can prepare a register of critical risk data. Assign risk scores to classify known vulnerabilities. | | Risk Prioritization | The ability to single out critical threats can be crucial to agencies dealing with a large number of risks daily. You can assign risk ratings based on their potential impact on your business. You can secure all critical processes when combined with a repository of known risk controls, risk thresholds and remediation responses. | | Reporting | Most risk management solutions come equipped with tried and tested reports on data governance, compliance and system vulnerabilities. Back up your decisions with actionable [business intelligence](https://www.selecthub.com/category/business-intelligence/) insights and [data visualization tools](https://www.selecthub.com/business-intelligence/data-visualization-tools/). | | Threat Visibility | With a built-in dashboard, you get unrestricted access to the entire platform. You can track active risks in real time, evaluate risk data, configure workflows and get regular alerts. | | Risk Auditing | Built-in auditing capabilities can provide risk owners with a competitive edge. Benchmark your organization’s performance, track audits, document issues and measure the efficiency of specific remediation strategies. Implement a standardized risk reporting language with preconfigured templates and combine it with automated reporting and evidence gathering to nurture a risk-aware work environment. | | Compliance | Compliance is one of the most sought-after features of risk management software. You can set up a compliance framework to detect and remedy failures automatically. Implement deficiency controls wherever applicable, and never worry about compliance another day in your life. | | Risk Monitoring | You can set up independent workflows and monitor key performance indicators (KPIs) of critical business processes. | ### Software Comparison Strategy With numerous risk management solutions available in the market, conducting a software comparison can become overwhelming. Therefore, we strongly recommend having a requirements list in hand to identify the perfect risk management software. First, you have to consider what deployment mode is preferable to your organization — an on-premise or a cloud-based solution. There are specific risk management platforms that specialize in certain industries. If possible, get recommendations from within the industry. Ask around to get a feel of what’s good and what exactly makes it tick. Another vital consideration is data migration and integration support. Organizations switching from an existing platform might need help to move large amounts of data. Also, the ability to retain any previous integrations with third-party applications can be a significant selling point. Finally, if your company needs to comply with specific regulations or access certain reporting standards like FERC regulations or GDPR [control deficiencies](https://www.accountinghub-online.com/control-deficiency/), you’ll have to temper your shortlist accordingly. We can’t point you to particular risk management software and guarantee it’ll be a good match. Keep your shortlist handy, and your requirements list close; before long, you’ll be able to find the perfect fit. ### Cost & Pricing Considerations Two significant factors that determine software pricing are your organization’s size and preferred deployment option. On-premise deployments often involve additional charges, including installation, regular maintenance and upgrades. On the other hand, the pricing of cloud-based software depends on the total number of authorized users. A few more factors can influence the cost of risk management software: * Add-on services, including data migration, onboarding and implementation. * Some vendors offer on-site product training services for a fee. ### Questions To Ask ![Risk Management Software Key Questions to Ask]() Now that you have a basic idea about risk management software, we’ll recommend a few questions to ask yourself and software vendors to communicate your requirements clearly. Here are a few internal questions to help define your expectations: * What risks are of immediate concern to our industry? * What’s our total budget? * Do we need global accessibility? * Which existing applications do we need to integrate with, if any? * What regulatory requirements do we need to comply with? Use these questions to jump-start a conversation with vendors: * What kind of customer service does the vendor provide? What are the support timings? * Does the software have any industrial specializations? * Does the vendor offer data migration services? Does it incur additional charges? * What kind of compliance coverage can we expect from the software? * What’s the vendor’s security and encryption posture? ### In Conclusion In the 21st century, organizations have to deal with all sorts of risks and vulnerabilities on a daily basis. Selecting the right risk management software can save you from massive financial losses in the future. So, it’s okay to take some time to figure out your exact requirements and shape your expectations accordingly. 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A Comprehensive Guide](https://www.selecthub.com/risk-management/risk-management-plan/) [Modern organizations face multiple risks, so it’s important to prepare a risk management plan before… ](https://www.selecthub.com/risk-management/risk-management-plan/) [ ![Nidhi Choraria](https://www.selecthub.com/wp-content/uploads/2023/04/Nidhi-Choraria-Headshot-96x96.jpg) Nidhi Choraria ](https://www.selecthub.com/author/nidhi-choraria/) Apr 09, 2026 #### [Risk Management](https://www.selecthub.com/category/risk-management/) [Bank Risk Management: A Comprehensive Guide](https://www.selecthub.com/risk-management/bank-risk-management/) [Banks serve as the pillar of our economy, facilitating transactions, providing credit and safeguarding deposits.… ](https://www.selecthub.com/risk-management/bank-risk-management/) [ ![Pooja Verma](https://secure.gravatar.com/avatar/4f22202f68158fa4b012b18a196e08ea151f6f9427b194cce3330634ff0dd1b2?s=96&d=mm&r=g) Pooja Verma ](https://www.selecthub.com/author/pooja-verma/) Mar 06, 2026 #### [Risk Management](https://www.selecthub.com/category/risk-management/) [Risk Management Strategies: A Comprehensive Guide](https://www.selecthub.com/risk-management/risk-management-strategies/) [Imagine yourself as a fearless adventurer exploring an unknown jungle filled with poisonous animals, rough… ](https://www.selecthub.com/risk-management/risk-management-strategies/) [ ![Perminder Kaur](https://www.selecthub.com/wp-content/uploads/2023/03/cropped-Perminder-Headshot-96x96.jpg) Perminder Kaur ](https://www.selecthub.com/author/perminder-kaur/) Mar 06, 2026 #### [Risk Management](https://www.selecthub.com/category/risk-management/) [Risk Management And Insurance: A Comprehensive Guide](https://www.selecthub.com/risk-management/insurance-risk-management/) [From accidents to natural disasters, uncertainties can occur anytime. That’s why effective risk management and… ](https://www.selecthub.com/risk-management/insurance-risk-management/) [ ![Nidhi Choraria](https://www.selecthub.com/wp-content/uploads/2023/04/Nidhi-Choraria-Headshot-96x96.jpg) Nidhi Choraria ](https://www.selecthub.com/author/nidhi-choraria/) Mar 06, 2026 #### [Risk Management](https://www.selecthub.com/category/risk-management/) [What Is A Risk Management Framework (RMF)? A Comprehensive Guide](https://www.selecthub.com/risk-management/risk-management-framework/) [Risk management is the collective process of identifying, analyzing and mitigating potential risks to an… ](https://www.selecthub.com/risk-management/risk-management-framework/) [ ![Shauvik Roy](https://www.selecthub.com/wp-content/uploads/2021/09/Shauvik-Headshot-96x96.jpg) Shauvik Roy ](https://www.selecthub.com/author/shauvik-roy/) Mar 06, 2026 #### [Risk Management](https://www.selecthub.com/category/risk-management/) [Vendor Risk Management: A Comprehensive Guide](https://www.selecthub.com/risk-management/vendor-risk-management/) [In a world where collaboration with external vendors is paramount, it’s crucial to consider the… ](https://www.selecthub.com/risk-management/vendor-risk-management/) [ ![Nidhi Choraria](https://www.selecthub.com/wp-content/uploads/2023/04/Nidhi-Choraria-Headshot-96x96.jpg) Nidhi Choraria ](https://www.selecthub.com/author/nidhi-choraria/) Mar 06, 2026 ## About The Contributors The following expert team members are responsible for creating, reviewing, and fact checking the accuracy of this content. [ ](https://www.selecthub.com/author/shauvik-roy/) Written By [Shauvik Roy](https://www.selecthub.com/author/shauvik-roy/) Technical Content Writer Shauvik Roy is a Market Analyst at Selecthub. He writes content for the insurance, risk management and legal domains. Hailing from the city of Kolkata, he has a Master's Degree in English from the University of Hyderabad. When he's not busy pitting one software against another, you will find him playing video games, reading sci-fi books or tinkering with his PC. [See Full Bio](https://www.selecthub.com/author/shauvik-roy/) [ ](https://www.selecthub.com/author/basav-hazarika/) Technical Research By [Basav Hazarika](https://www.selecthub.com/author/basav-hazarika/) Research Analyst Basav Hazarika joined SelectHub after completing his Master's Degree. Since then, he's worked on lean and full RFIs for PLM, financial planning & analysis, accounting, insurance and eCommerce, as well as pricing research guides for various categories and research projects for cannabis software. [See Full Bio](https://www.selecthub.com/author/basav-hazarika/) [ ](https://www.selecthub.com/author/sompriya-das/) Technical Research By [Sompriya Das](https://www.selecthub.com/author/sompriya-das/) Research Analyst Holding both a Bachelor's and Master's degree in Economics (Cotton University, Guwahati, Assam), Sompriya Das works on full RFIs in accounting, financial planning & analysis, PLM and eCommerce. She's also worked on pricing research guides for the following categories: financial planning & analysis, insurance and risk management. [See Full Bio](https://www.selecthub.com/author/sompriya-das/) [ ](https://www.selecthub.com/author/rohit-dutta-mazumder/) Technical Research By [Rohit Dutta Mazumder](https://www.selecthub.com/author/rohit-dutta-mazumder/) Senior Analyst Hailing from the serene landscapes of Assam, India, Rohit is a seasoned professional with diverse expertise in several software categories. Armed with a Bachelor of Technology in Mechanical Engineering and an MBA in Operations Management, he brings a unique blend of technical acumen and strategic thinking to the table. His proficiency extends across dynamic fields such as Product Lifecycle Management, Hotel Management, Ecommerce, Accounting and Finance. [See Full Bio](https://www.selecthub.com/author/rohit-dutta-mazumder/) [ ](https://www.selecthub.com/author/k-k-shashank/) Technical Review By [Shashank K K](https://www.selecthub.com/author/k-k-shashank/) Principal Analyst After graduating with a Masters in Finance from Trinity College Dublin, K K Shashank's research and detail-oriented skills led them to SelectHub. He has diverse knowledge across various software categories like Accounting, Financial Planning and Analysis, Ecommerce, Risk Management, PLM, Insurance and more since 2020. [See Full Bio](https://www.selecthub.com/author/k-k-shashank/) [ ](https://www.selecthub.com/author/pooja-verma/) Edited By [Pooja Verma](https://www.selecthub.com/author/pooja-verma/) Content Editor Pooja Verma is a Content Editor and Technical Content Writer at SelectHub. She has over 5 years of experience covering software categories like CRM, marketing automation, supply chain management and endpoint security. Pooja earned a literature degree from Miranda House, DU and also holds a Master’s in Journalism from Symbiosis Institute of Media and Communication in India. 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