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Buyer's Guide

14 Best Risk Management Software in 2020

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Vyapin Office 365 Manager Risk Management Software

Vyapin Office 365 Manager Vyapin Office 365 Manager is a risk management software that can efficiently administer users, ...

by Vyapin Software

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Starting Price

₹20,930.00

Features :

Provision
Instantly Provision, Deprovision
Reset Passwords
Account Management
Group Management
Admin Control
3 More

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Supported Platforms :

Deployment :

1321 Interested
989 Added to Cart
2252 Requested Call Back

VComply VComply makes governance an effortless process within a few clicks. Assign tasks and set condit...

by VComply

(4 reviews )

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Starting Price

₹279,930.00Include 5 User

Features :

Compliance Risk Assessment
Notification
Business Process Control
Reporting
Calendar Management
Compliance Management
3 More

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Supported Platforms :

Deployment :

1587 Interested
1004 Added to Cart
2957 Requested Call Back

IBM OpenPages Product details will be uploaded by brand or vendor very soon....

by IBM

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PRICE ON REQUEST

Features :

Add to Compare

Supported Platforms :

Deployment :

1481 Interested
973 Added to Cart
2914 Requested Call Back

IBM InfoSphere Optim Data Privacy Risk Management Software

IBM InfoSphere Optim Data Privacy IBM InfoSphere Optim Data Privacy provides extensive capabilities to effectively mask sensitive data...

by IBM

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PRICE ON REQUEST

Features :

Privacy Protection
Transforming
Encryption
Compliance Management
1 More

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Supported Platforms :

Deployment :

1402 Interested
971 Added to Cart
2451 Requested Call Back

BWise

by BWise

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PRICE ON REQUEST

Features :

Risk Management
Internal Audit Management
Regulatory Compliance
Security Management
1 More

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Supported Platforms :

Deployment :

1279 Interested
1084 Added to Cart
2848 Requested Call Back

RSJ Lexsys Enterprise Risk Management Risk Management Software

RSJ Lexsys Enterprise Risk Management LexComply ERM enables organizations globally to manage a wide range of risks and related activi...

by RSJ LexSys

(3 reviews )

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PRICE ON REQUEST

Features :

Compliance Risk Assessment
Audit
Monitoring
Access Control
Assessment Management
2 More

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Supported Platforms :

Deployment :

1378 Interested
913 Added to Cart
2828 Requested Call Back

Thomson Risk Management Risk Management Software

Thomson Risk Management Thomson Reuters will bring together the information, services, people, and technology you need, to h...

by Thomson Reuters

(2 reviews )

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PRICE ON REQUEST

Features :

Compliance Risk Assessment
Incident Management
Document Management
Business Process Control
Quality Management
2 More

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Supported Platforms :

Deployment :

1585 Interested
1026 Added to Cart
2312 Requested Call Back

RSJ Lexsys Compliance Management Risk Management Software

RSJ Lexsys Compliance Management Compliance Management Solution having most comprehensive coverage of compliance amongst the ava...

by RSJ LexSys

(2 reviews )

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PRICE ON REQUEST

Features :

Comprehensive coverage
Organogram & Controls
Dashboard
Notification
Quality Management
Audit
Compliance Monitoring
Analytics and Reporting
5 More

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Supported Platforms :

Deployment :

1288 Interested
907 Added to Cart
2149 Requested Call Back

nTireCompliance Risk Management Software

nTireCompliance nTireCompliance Internal Compliances and Processes in real time. All required tasks can be bre...

by SunSmart

(1 reviews )

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PRICE ON REQUEST

Features :

Regulatory Intelligence & Content Repository
Notification Engine
Dashboards
Policy Management
Easy to Use
Integration
Automated Regulatory Assessments
Virtual Evidence Room
Capture Interface
Audit
Automated Regulatory Assessments
Notification
Regulatory Intelligence
Task Management
11 More

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Supported Platforms :

Deployment :

1594 Interested
939 Added to Cart
2697 Requested Call Back

GRC SoftExpert The SoftExpert GRC is a robust, 100% web that supports the governance processes, risk mana...

by SoftExpert

(2 reviews )

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PRICE ON REQUEST

Features :

Planning and Mapping
Incident Management
Compliance Risk Assessment
Repository
Performance Monitoring
Audit
3 More

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Supported Platforms :

Deployment :

1406 Interested
1000 Added to Cart
2835 Requested Call Back

Compliance Management Risk Management Software

Compliance Management With Compliance Management solution, users can manage complete compliance agenda for both, date and ...

by Practiceleague

(2 reviews )

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PRICE ON REQUEST

Features :

Compliance Dashboard
Compliance Calendar
Alert Management
Contract Management
Document Management
Work Flow Manager
Internal Audit Management
Task Management
5 More

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Supported Platforms :

Deployment :

1371 Interested
1168 Added to Cart
2125 Requested Call Back

ProSapien Risk Assessment Risk Management Software

ProSapien Risk Assessment Risk Assessment manage risk enterprise-wide from one central location Pro-Sapien has a number electr...

by Pro-Sapien

(1 reviews )

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PRICE ON REQUEST

Features :

Action Management
Forms Management
Workflow Management
Integerations
Dashboards
Reports
Audit
Business Process Control
Compliance Risk Assessment
Incident Management
Quality Management
8 More

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Supported Platforms :

Deployment :

1405 Interested
1141 Added to Cart
2667 Requested Call Back

Nuix Ediscovery Risk Management Software

Nuix Ediscovery Product details will be uploaded by brand or vendor very soon....

by NUIX

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PRICE ON REQUEST

Features :

Add to Compare

Supported Platforms :

Deployment :

1480 Interested
958 Added to Cart
2807 Requested Call Back

Colline

by Lombard Risk Management

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PRICE ON REQUEST

Features :

Add to Compare

Supported Platforms :

Deployment :

1493 Interested
1069 Added to Cart
2065 Requested Call Back

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Vyapin Office 365 Manager
VComply
IBM OpenPages
IBM InfoSphere Optim Data Privacy
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Surjodeep Bose

Risk Management Software Specialist

Buyer's Guide for Top Risk Management Software

Found our list of Risk Management Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

What is Risk Management Software?

Risk management tools and software which helps organizations identify and resolve potential risks. With a risk management software, one can make decisions easily and take the necessary measures to prevent potential crisis. Risk is a potential problem that might cause harm in the future. Risks are often caused due to ignorance or lack of information.

Now days risk management tools is very popular in fast growing enterprenuers and companies in india. This tool can make decison strong for predtion, investing and analyse data.

Risk Management Software for Various Industries (Types of)

Project risk management software

This risk project management software is useful in understanding and managing risks in a project with the right tools. It intuitively guides the users to identify as well as mitigate potential risks in the project.

Healthcare risk management software

This risk healthcare management software provides hospitals with the right tools to protect themselves from the variety of risks that could hamper their system. This type of healthcare management software is required to take care of clinical, administrative and financial factors. It changes the way hospitals can respond to threats. The primary end users of a healthcare risk management software are risk managers.

Financial risk management software

This risk financial management software helps perform analysis and generate reports based on potential risks. It is used by financial service institutions to conduct analysis on different investments and deals. This helps identify, measure and generate plans accordingly.

Operational risk management software

This type of software identifies and addresses all operational risks in the company. Factors like inaccurate processes, wrong behavior and unreliable technology are taken into consideration. One can implement strategies and streamline processes with an operational risk management software. This software is majorly used by compliance managers and company owners to prevent and mitigate risks.

Risk management software engineering

Risk management in software engineering is done in the development phase to identify and manage risks in the product or software. There are mainly three types of processes involved in risk management software engineering - risk identification, risk analysis, and risk control.

Enterprise risk management software

With this type of software, one can automate all the risk management processes. Send automatic updates and reminders to the concerned people, and track project status with the help of real time graphical representations of what is actually happening in the enterprise.

Risk management software for banks

Banks need to control the risks that are defined by Federal Reserve, FDIC, OCC and other regulatory bodies. There should be a high level of risk management system that helps banks assess operational, strategic as well as liquidity risks. Risk management software for banks lets you allocate your resources efficiently with its automatic assessments.

Here are the benefits of risk management software

Risk priority

Get a deeper understanding about which risks need your attention and which can be avoided. The risk management experts can provide you a list which can be leveraged to filter the risks. The risks that are needed to be addressed immediately can be resolved on priority.

Providing insights

Important insights about the company risks can be provided to the stakeholders to help them have a bigger picture.

Cooperating credit

Regulatory agencies often give credit to the companies that have a risk prevention program running. With this, a company has the necessary security measures in place to prevent any mishap.

Reducing liability

Litigation risk is often viewed as a business liability. Reduction in liability makes a company an attractive option for investment.

Framing regulatory issues

You have the ability to frame regulatory issues according to various factors which later allows the company to focus more on its structure.

Identifying issues

With a risk management software, it becomes easy to troubleshoot the problem areas. One can know in advance that a project is not going as per the plan, and hence can strategize it accordingly.

Minimum surprises

You can identify risks early in the lifecycle of a project with the help of a risk management system. Problem solving becomes easy and efficient when you get to know about what is lying ahead.

Better data quality

Get a better data quality with a good risk management system. Senior team members can now make intelligent business decisions with the help of this software.

Better communication

Discussions between the team members and the stakeholders often depend on the quality of data available in hand. This creates better working relationship in the organization.

Better budgeting

Now you can plan your budget in a better way with a risk management software. It helps eliminate unwanted costs and promotes implementing better plans.

Greater success expectation

When you know everything that can go wrong is taken care of with the help of risk management software, the possibility of failure decreases to a huge extend.

Better focus

After using a risk management software, you can now concentrate on the impending risk that needs your attention rather than focusing on each and every potential risk. It makes the whole process of resolving the complications much easier.

Easier escalations

By a proper risk management structure, only the risks that cannot be resolved at the lower level are transferred to the upper level or upper management. This makes the whole processes of escalation much easier.

Frequently Search Software

Risk Management Software FAQs

What are the best risk management software tools?

The following are the best risk management software tools available:

What is the best free and open source risk management software?

There are several risk management software that are available for free. We have software applications like ntaskmanager, SimpleRisk and Project Risk Manager that can help you with risk management. But there is a catch. Free risk management software might not have all the features that you need. On the other hand, if you buy software applications like

Vyapin Office 365 Manager
VComply
IBM OpenPages
IBM InfoSphere Optim Data Privacy
RSJ Lexsys Enterprise Risk Management

you can get additional security and all the features that one needs in a good risk management software.

What are the most used risk management tools and techniques?

Some of the most used risk management tools and techniques are:

Root Cause Analysis: This risk analysis technique focuses on cause of the problem and analyses if the effects can be prevented completely.
The Delphi Technique: Under this technique, a panel of experts provides answers to questions sequentially.
Benchmarking: This technique focuses on analyzing the anomalies in benchmarking data. This helps detect risks that went unnoticed earlier.
Diagramming Techniques: This includes cause and effect diagrams along with other graphical tools like flow chart and influence diagrams to analyse risks.

What involves the risk analysis and management process?

Risk management is about identifying potential risks and minimizing their impact. Risk management is important to manage potential risks and devise the strategy to prevent cyber threats, system slowdown and other potential risks due to manmade or natural sources.