Entrepreneurs who take measured risks make better business judgments. As a result, several risk management software businesses exist, promising complicated solutions to control important risks, but it might be difficult to choose the right one for your requirements.
Using business planning software is critical to moving your company forward and knowing what activities to take daily – but your plans must also include risk management.
This post will discuss the finest risk management software currently available on the market based on features, client happiness, pricing, and more.
What is the Best Risk Management Software?
Let’s find out.
1. 6Clicks
Image Source: 6Clicks
6clicks is your Risk and Compliance Operating System. They make it simple to maintain risk registers, conduct risk assessments, assign owners, and set treatment programs, among other things, to quickly have you audit-ready and in charge.
Their software serves as a one-stop shop for everything related to governance, risk management, and compliance. They’ve made it simpler than ever to remain on top of your data security requirements with their easy interface that was developed with simplicity in mind.
Apart from being regulatory compliant, 6clicks assists you in adhering to industry standards by simplifying the implementation of an information security management system (ISMS).
Key Features:
- Access to world-class risk libraries enables you to include legally specified hazards into your risk register.
- Customize each stage of the risk identification, assessment, and management process using the 6clicks interface.
- Allow 6clicks to do the hard work on your conventional risks, freeing you resources for more critical business risk assessment initiatives.
- Have confidence in your company’s preparation for any eventuality.
Pricing:
- Startup: $4,800 per year (plus $450 onboarding fee)
- Growth: $18,000 per year (plus $950 onboarding fee)
- Enterprise: Prices given during a live call
2. Integrum
Image Source: Integrum
Integrum is a market leader in software for company optimization and management. Integrum’s award-winning product suite has been altering the lives of companies and people by helping organizations to maximize their potential by translating data into data-driven choices.
Integrum’s solutions are intended to assist businesses in growing more effectively via automation, process upgrades, increased visibility, and management of enterprise information flow.
It enables management science professionals by enabling them to handle company situations in real time.
Additionally, it is a scalable, adaptable, and powerful risk management tool.
Key Features:
- Create a risk profile for each client so that you can be proactive and give protection prior to issues occurring.
- You will be able to see all of the data you need on a single dashboard, ensuring that you always have the most up-to-date version of your data.
- Risk management is simplified with customisable SMARTForms, which enable you to create custom, responsive forms for your business.
- Simple-to-understand dashboards that highlight the most critical data, so you’re quickly notified when it changes.
Pricing:
This is another instance when requesting a demo is necessary to get a tour of the product and further information regarding the price arrangement.
3. nTask
Image Source: nTask
nTask is a popular project management application for small organizations that prioritize risk management. It helps teams to communicate on projects, plan ahead, analyze data, and manage daily activities.
It is great for simplifying a small firm and ensuring that all stakeholders are on the same page when it comes to risk management.
Key Feature:
- Manage your tasks easily using Kanban boards so that everyone is aware of what has to be done, who is accountable for each job, and where things are in the process.
- Visually assess your company using eye-catching charts to identify bottlenecks and even forecast results.
- Streamline your business’s usage of project risk management software, task management software, and other critical technologies.
- Feel confidence in your ability to complete tasks on time and meet deadlines, ensuring that you never miss a beat.
Pricing:
- Basic: Free Forever
- Premium: $2.99 per user per month
- Business: $7.99 per user per month
- Enterprise: You’ll need to contact them to get a quote
4. Fusion Framework System
Image Source: Fusion Framework System
Fusion Framework System is the world’s most trusted provider of cloud-based security services. Their primary objective is to provide visibility, automate protection, and ensure compliance across physical and virtual environments. Additionally, they use some of the top cloud storage services, which has fueled their rapid expansion over the years.
Their cutting-edge solutions enable organizations to get real-time visibility into their data center assets, including vulnerabilities, configuration settings, and changes at scale — enabling them to achieve resilience quicker and with less risk exposure.
The Fusion Framework System Platform is a straightforward solution that encompasses all required functionalities.
It continually monitors for threats, manages vulnerabilities, assists in automating patching, enables workers to manage access rights, implements the appropriate risk mitigation strategies, and ensures regulatory compliance.
Key Features:
- Discover and address vulnerabilities in your company before they become issues to ensure that you obtain timely, realistic, and objective risk assessments on the status of your firm.
- Concentrate on day-to-day business operations as the system implements a strategic strategy to enhance corporate preparedness.
- Reduce the likelihood of financial loss, legal repercussions, and brand harm.
- Enhance the customer experience by consistently delivering on your promises on schedule.
- Have piece of mind knowing that you are prepared for everything that your daily operations may throw at you.
Pricing:
Request a demo of the Fusion Framework System on their website to see it live and in action. They guarantee that they will respond to all inquiries within 24 hours of submission.
5. Resolver
Image Source: Resolver
Resolver is a business that focuses in risk mitigation for businesses. Resolver provides a clear picture of risk to expanding businesses, helping them to make rapid and informed choices.
These choices enable them advance their company while safeguarding their employees and assets. This is accomplished by the provision of the most complete enterprise-level security software package currently available.
Key Features:
- Prevent security breaches so that you can focus on growing your business.
- Monitor risks and compliance costs, and keep your customers safe with rapid threat detection and response.
- Report on security risks via compliance information to track your progress allowing you to systematically manage all risk areas across the business.
- Easily perform a gap analysis against industry standards so that you can prioritize your efforts.
Pricing:
To request a demo and get a thorough price, you must contact the Resolver team.
What is Risk Management Software?
Risk Management Software is a form of software that assists organizations in identifying, assessing, and mitigating risks.
This software may be used in conjunction with (or in place of) standard risk management techniques by technology-focused information security teams.
Alternatively, it may be used by non-technical risk managers who need to keep track of recognized hazards, as well as their assessment and response.
These software applications are designed to automate routine compliance processes like as risk identification, change tracking, and audit reporting.
They come pre-loaded with material related to certain laws—such as PCI DSS or ISO/IEC 27001—but many businesses adjust them to follow specific rules or industry standards inside their firm.
For instance, some firms may employ this kind of solution to assist them in complying with HIPAA laws (in addition to using an Electronic Medical Records system).
