ERM software centralizes risk identification, assessment, and mitigation across organizations by automating risk workflows, monitoring key indicators, and providing real-time dashboards.
Evaluate integration capabilities, regulatory compliance features, scalability, user interface, reporting flexibility, and industry-specific risk frameworks that align with your organization's size.
| Title | Description |
|---|---|
| Core features | Risk registers, assessment workflows, compliance tracking, incident management, and reporting dashboards. |
| Advanced features | Predictive analytics, third-party risk monitoring, GRC integration. |
Risk management software typically costs $120-800+ per month via subscription models. Entry-level plans ($120) include basic risk assessment, incident tracking, and compliance features. Premium plans ($800) offer advanced analytics, scenario analysis, automated alerts, and extensive customization. Costs vary by complexity, user count, and deployment requirements. Most vendors offer free trials.
| Title | Description |
|---|---|
| Hard Cost Savings | ERM software reduces operational costs by automating manual risk assessments, eliminating redundant compliance processes, and preventing costly regulatory violations through proactive monitoring. |
| Productivity Gains | Automated risk workflows and centralized dashboards enable risk teams to process assessments faster while providing executives with real-time visibility into organizational risk posture. |
| Risk Mitigation | Continuous monitoring and predictive analytics help organizations identify emerging threats early, preventing potential losses that could range from thousands to millions in avoided incidents. |
| Revenue Acceleration | Streamlined risk processes enable faster deal approvals, reduce customer onboarding delays, and support expansion into new markets by demonstrating robust risk management to stakeholders. |
| Financial Engineering | Advanced analytics and scenario modeling support strategic decision-making by quantifying risk-adjusted returns and optimizing capital allocation across business units and investment opportunities. |
ERM software identifies, assesses, and monitors enterprise risks, providing visibility and frameworks that help businesses mitigate threats and improve resilience.
With each profile, you’ll quickly see how vendors create value for their customers, supported by documented results.