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It protects against a range of risks, including cybersecurity threats, digital vulnerabilities, and evolving compliance requirements.
Founded in 2016, this Atlanta-based solution provides four components to safeguard against potential risks.
Real-time ESG reporting on data and workflows to give transparency to the team and stakeholders.
AI governance solution to assess and monitor the risks associated with the use of artificial intelligence.
Automated risk assessment and control gap reports for third-party vendors & systems.
This ERM software, started back in 2001, currently serves more than 1 million users across 23,000 organizations.
It provides improved visibility and helps teams to identify, assess, consolidate, and remediate risks effectively.
Diligent Pricing
Diligent offers a tiered pricing structure on request.
The internal auditmanagementsystem generates reports and provides insights on risks, security breaches, and key business metrics.
Third-party managers use AI to detect negative reviews, watchlist sanctions, and generate reports associated with third-party relationships.
The policy manager automates and manages the key policies associated with the industry.
It also lets users manage access to these policies and documents.
LogicGate caters to various industries like software, fintech, telecom, banking, healthcare, and utilities.
Integrates with tools like Slack, JIRA, Google Drive, DocuSign, and BI tools like Microsoft BI.
LogicGate Pricing
Users can buy individual GRC programs from LogicGate, and the license cost is per user.
It offers a unified platform for measuring and tracking ESG initiatives and assigns scores based on ISO 26000 Guidelines.
Third-party risk management enables organizations to launch risk management programs and collaborate with vendors.
Organizations can run internal audit programs to document auditable entities, risks, controls, testing, and findings.
Open AI integration accelerates policy writing and review.
It automates and sorts the policy for the existing and new employees.
These solutions assist in automating cybersecurity, governance, risk, and compliance processes.
MetricStream supports API and REST API integration
MetricStream Pricing
Pricing plans are available upon request only.
MetricStream uses AI/ML to perform internal audits to document, manage, and assess risks across the organization.
REST API integration with every IT ecosystem
Camms Pricing
Camms pricing plans are only available on request.
Operational resilience and BCM solutions help organizations prepare for unforeseen events by performing impact assessments.
Flexible workflow engine that creates certain conditions for different assessments and uses dashboards to assess different risks.
Ability to create short and large, complex workflows based on variables and scenarios.
Custom-built templates that allow organizations to build performance management assessments with custom elements.
Riskonnect enables organizations to understand the relationship between risks, dependencies, and vulnerabilities.
Risk analytics software offers built-in dashboards representing data visualization and industry insights.
Risk register that maintains a workflow of risks and tools for bowtie cause-and-effect analysis.
Threat intelligence systems monitor threats in real-time in the form of heat maps.
Resolver automated workflow is best for large firms that have vast regulation and compliance needs.
Resolver Features
Automated alert system that notifies the assignees instantly and eliminates the delay in incident management.
BCM software anticipates disruptions and identifies the high-risk areas to create a plan and track the performance in advance.
The compliance management system tracks and verifies the vendors and compares them using a standard framework.
Resolver offers pre-made templates that assess the vulnerabilities and security risks within an organization.
The automated reporting feature transforms complex data into more measurable risk committee dashboards, reports, and heat maps.
Cloud plan starts at $2,181.49/year for 3 users.
The QA testing feature uses the pass/fail filter and records bugs automatically instead of manually documenting them.
SpiraPlan offers a comprehensive report with metrics like open incidents, risk summary, and execution status.
Its USP lies in real-time collaboration tools that unify the teams and ensure smooth workflow.
AuditBoard gives a single view of risk, EGS, and compliance data to streamline business continuity management activities.
Integrates with Slack, Asana, AWS, HubSpot, Snowflake, etc.
AuditBoard Pricing
Pricing is available on request.
Automated evidence collection feature that pulls out the data from the source system without the need for coding.
Perform third-party vendor assessments using the pre-build templates and compare them based on a score.
AuditBoard offers a dedicated IT risk management feature for identifying emerging threats and monitoring them in real-time.
Transparency and visibility into various data collection and streamlined ESG management in a single platform.
It uses automated workflows to manage security, risk, and compliance within an organization.
Secureframe also offers key functionalities like Automated evidence collection, continuous monitoring, and risk managementall in one place.
Secureframe Features
End-to-end automated risk management that provides inherent score, justification, and residual risk scores.
Admins can assign personnel for compliance tasks, track incomplete tasks, send reminders, and re-assign.
Users can leverage pre-made templates or create compliance tests to maintain compliance programs and track the status of tests.
It allows you to create a trust center that gives customers and prospects visibility into security frameworks.
The trust center can be customized to suit the brands style.
It combines software with consultancy services to connect businesses with advisory analysts and provide training on risk management practices.
Integrates with 500+ applications, including Office 365, Slack, Dropbox, PowerBI, etc.
In-depth analysis of risks using various visualizations, such as dashboards, heat maps, and built-in risk metrics.
Ability to build and manage policy programs with a risk-based approach to ensure a streamlined incident management program.
Identifies the industry-specific risks so that users can find the root cause quickly.
Mitratech Integrum has over 1,50,000 users across 200 countries, catering to almost any industry sector.
360-degree automated GRC platform that creates an AI-enabled workflow (no-coded) with powerful dashboard capabilities.
It offers internal audit templates for conducting compliance audits and inspection management.
StandardFusion USP lies in the integration between risk management activities and real-time data.
Users can assess their risk using the quantitative and qualitative risk methodologies or create their own assessments.
It offers a comprehensive view of your data and how it can be leveraged for risk and compliance programs.
Vendor assessment and management through pre-built questionnaires helps identify the right vendors and third-party risks.
Sprinto is a cloud-based software for integrated risk management.
For pricing information, just request a quote.
IT security compliance provides a security questionnaire with ready-to-use responses and auto-response options.
Quantifies and qualifies the risks in metrics so that users can create mitigation plans to reduce risks.
Real-time vulnerability assessment and risk mitigation as they are pinpointed.
Founded in 2009, this enterprise risk management tool caters to over 20 industries in over 55 countries.
It helps organizations identify and manage ESG opportunities and browse ESG topics for specific industries.
Stakeholders can vote on risks to generate automated risk ratings to reduce groupthink and engage more users.
It provides an actionable approach to risk management that allows organizations to prioritize and eliminate risks accordingly.
ERM software is most commonly used in healthcare, finance, technology, SaaS, and eCommerce.
What Does ERM Software Do for Businesses?
ERM software solutions offer multitudes of benefits for small, medium, and large-sized businesses across various sectors.
The benefits of ERM software for business are listed below.
What Business Department Uses the ERM Software?
ERM software is not limited to specific business departments.
How Does ERM Software Function?
Enterprise risk management systems are used by businesses for various applications and use cases.
Some of the most significant functions of ERM software are listed below.
Is ERM Software better than ERP Software?
ERM is better thanERP softwarein terms of the capabilities and benefits it offers to businesses.
How to Choose ERM Software?
Businesses should employ certain criteria when choosing the right ERM software, which are listed below.
Is ERM Software Cheap?
No, most ERM software is designed for enterprise businesses, meaning a hefty set of features and offerings.
The pricing varies based on the number of users, features, scalability, and customization.
On average, the ERM software costs between $250-$2,000 per month.
Is ERM Software Secure?
ERM software offers top-notch security for enterprises of all sizes.
ERM software is built on multiple layers that guarantee data protection, encryption and secured frameworks for the organizations.
It also offers backup and data recovery solutions that may delete the data during hazards and recover its backup.
Most ERM software complies with necessary regulatory frameworks like PCI DSS, GDPR, ISO, etc.
