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The MasterControl Quality Excellence suite bundles a number of products supporting work quality and compliance including training and exams, incidents and corrective actions (CA), documents and change, and other modules.
Best Risk Management Software and Solutions 2026
What is Risk Management Software? Risk management solutions, or risk management software (RMS) is used to identify, address, manage, and resolve risks to security, operation, or compliance procedures. risk management software can detect and prioritize risks, suggest mitigation strategies, and develop remediation processes. RSM offer risk analysis and resolution to be tied to company or project objectives, strategic goals, or KPIs. Risks managed can include physical risks (i.e. natural disasters ...
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All Products(1-25 of 429)
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Diligent One Platform offers a unified solution for Governance, Risk, and Compliance (GRC) management, providing a comprehensive overview of risks and insights in one place. - 3
AuditBoard is a cloud-based audit management software solution from the company of the same name in Cerritos. - 4
Donesafe is Health, Safety and Environment software that connects a management system from workers in the field to the management team in the boardroom, Donesafe was acquired by Health & Safety Institute (HSI) in February 2020. - 5
InsightVM is presented as the next evolution of Nexpose, by Rapid7. This Insight cloud-based solution features everything included in Nexpose, such as Adaptive Security and the proprietary Real Risk score, and extends visibility into cloud and containerized infrastructure. InsightVM also offers ... - 6
NAVEX Global launched NAVEX One in 2020. It is described by the vendor as a complete GRC platform, providing a comprehensive set of applications and workflows integrated into a single platform, for compliance, legal, or HR professionals. - 7
Archer offers a platform for holistic integrated risk management solutions that empower enterprise organizations to more effectively manage risk, ensure compliance, and address emerging challenges. - 8
Ventiv IRM is integrated risk management software designed to provide the insights needed to monitor and lower the user's Total Cost of Risk (TCoR). It features real-time analytics for decision support by integrating data from internal and external sources in one system while connecting risk ... - 9
ServiceNow Governance, Risk, and Compliance provides the tools businesses use to proactively manage risk by measuring, testing and auditing internal processes. This solution helps business users ensure compliance to regulations, policies, standards and frameworks. It is available via the Standard, ... - 10
Launched in August, 2022 and replacing Proofpoint Archiving and Compliance, Proofpoint's Intelligent Compliance Platform offers enterprises regulatory compliance safeguards while simplifying corporate legal protection practices. The platform offers AI-powered collection, classification, detection, ... - 11
Predict360, the flagship software solution by 360factors, is a Risk and Compliance Intelligence Platform augmented with Artificial Intelligence technology to predict and mitigate operational risks while streamlining regulatory compliance. Predict360 integrates regulations and obligations, ... - 12
SailPoint Identity Security for the cloud enterprise manages risk from the explosion of technology access. The solution gives businesses visibility while automating and accelerating the management of all user identities, entitlements, systems, data and cloud services. - 13
4CRisk.ai provides advanced AI solutions that help organizations identify, manage and assess the impact of regulatory obligations and strengthen the internal control environment around an ever-evolving regulatory, business, and external risk environment. - 14Ascent Business Technology Inc. is an Enterprise SaaS Software firm with a focus on Risk & Resilience solutions. Their product suite is designed to strengthen the operational resilience of any financial institution, business, or service entity. Ascent with its 3 state-of-the-art products helps ...
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Credolab is a B2B SaaS Fintech that develops bank-grade digital scorecards built on mobile devices and online web behavioural metadata. The company's pay-per-use solutions are available to banks and neobanks, digital lenders and BNPL players, insurance companies, and any industry at the ... - 16
Dataminr Pulse for Corporate Security is used to detect, visualize, and respond to events and threats in real-time to protect employees, facilities, and business operations. - 17
Nexis Diligence uses enriched data from a number of content sources to offer a comprehensive, 360-view of any person or company. The service includes Dun & Bradstreet® UBO data on hundreds of millions of businesses and commercial entities worldwide, for visibility into hidden connections that may ... - 18
Fusion Risk Management headquartered in Chicago aims to redefine business continuity, risk management, and disaster recovery programs with the Fusion Framework System. With it, the vendor states that users can leverage dynamic data to track and monitor risks, align key strategic objectives to risk ... - 19
Falcony (formerly Plan Brothers) enable employee involvement for issues that matter by making the process of finding, sharing, fixing and learning from issues and observations as easy as thinking about them and as rewarding as being remembered for them. Falcony is a web app that uses the most ... - 20
ORNA is an AI-guided Security Orchestration, Automation and Response (SOAR) and cyber risk management platform created and priced specifically for smaller teams, be it SOC, CSIRT, CERT, or even your entire organization, from IT and Compliance to HR and Legal.ORNA features an AI-powered adaptive ... - 21
nTask is a Dallas based company focusing on task management software. Their online risk management solution enables users to identify project risks, assign risk owners, create mitigation plans, analyze with risk matrix and ensure successful project delivery. - 22
SIRV is a risk management platform that will:Monitor threats and service disruptionReport incidents and eventsManage major incidentsThe Threat and Service Monitor module constantly reviews disruption to key services and threats in the vicinity of assets. All information is generated by SIRV ... - 23
Hazel Analytics, headquartered in Seattle, supports food safety and public health through technology products that aim to amplify the value of health inspection data. They offer health department data analytics, stat they serve nearly half of the 100 largest food service and retail brands, and ... - 24
ACH Risk Manager™ simplifies ACH compliance and risk management by centralizing ACH data, enabling real-time visibility, regulatory compliance, and proactive risk control.Features include:+ Compliance Automation: Nacha compliance, return rate monitoring, and on-demand audit evidence.+ Advanced ... - 25
Intelex’s Environment, Health, Safety and Quality (EHSQ) applications are used to effectively manage all aspects of an organization’s quality program, as well as track safety data, and manage sustainability. It is designed to help manage, track and report quality-related metrics in real-time, ...
Learn More about Risk Management Software
What is Risk Management Software?
Risk management solutions, or risk management software (RMS) is used to identify, address, manage, and resolve risks to security, operation, or compliance procedures. risk management software can detect and prioritize risks, suggest mitigation strategies, and develop remediation processes. RSM offer risk analysis and resolution to be tied to company or project objectives, strategic goals, or KPIs. Risks managed can include physical risks (i.e. natural disasters or hardware failure), technical and digital risks, financial risks, and human error risks. Many products in this category include a range of visualization and analysis tools so businesses can make informed, data-driven decisions.
Risk Management Solutions vs. Governance, Risk & Compliance (GRC)
Oftentimes, RMS and Governance, Risk & Compliance (GRC) Platforms are discussed interchangeably, even by product vendors. The key difference between the categories is the focus of the product. GRC solutions are designed to help with compliance with industry standards and governmental regulation. Risk is managed by GRC platforms, but only with regards to risk aversion strategies that prevent legal or professional sanction.
RMS products, on the other hand, are geared toward risk analysis and addressing across multiple departments or operational silos with business strategy and objectives. Risk, in this way, is instead a way to measure project or organization performance. While this can include ways to avoid fines and other penalties, it can also be used to calculate positive outcomes of risk-taking activities, such as investment.
Risk Management Software vs. ERMS
Compared to traditional RMS, Enterprise Risk Management Software (ERMS) products simplify risk management for organizations and businesses with multiple integrated departments. ERMS includes more tools for both internal and external risk assessment, mitigation, and remediation that can create a macro-view of the enterprise’s risk culture. This can include tools to identify and manage risk from vendors, subcontractors, and other third- and fourth-party sources.
Small businesses and contractors may find traditional RMS to be more favorable, however, as they focus on risks associated at the project-level, and as such their price points tend to be much lower than ERMS products.
Risk Management Software Features
The most common risk management software features are:
- Risk reporting and mapping
- Risk history
- Risk prioritization
- Risk impact assessment
- Root-cause risk identification
- Strategic goal and objective linking
- Consequence linking
- Mitigation strategy development and documentation tools
- Remediation strategy development and documentation tools
- Identity access and control management
- Duplicate file and process identification and disposal
- Mitigation and risk framework templates
- Automated compliance enforcement
- Customizable dashboards
- Audit management tools
- Time tracking tools
- Remediation and correct action reporting
- Compliance documentation generation and management
- Data export tools
- Alert management
- Project management tools
- Data visualization tools
- Agility, waterfall, and hybrid methodology support
- Knowledge databases
- On-premises, cloud, and web deployment options
Risk Management Solution Comparison
When choosing the best risk management solution for your use case, consider the following:
Implementation. Introducing RMS into your workflow has a variety of considerations. This can include (but is not limited to) whether the software has on-premises installation options, the types of features included, the length of time to incorporate features and modules, training users to use the software, and integration with existing infrastructure. Make sure to account for these factors so that you do not experience issues with
Cybersecurity risk tools. If you plan to use a risk management software to assist with security, you’ll want to make sure that the product you choose has the specific cybersecurity risk management you may need. Some tools offer more advanced cybersecurity features, including vulnerability detection, malware detection and removal, role- and identity-based security, and host scanning, making them especially useful for businesses that handle sensitive data.
Industry-specific features. While most risk management software products can be used in any field, some vendors offer products with tools, software packages, or training modules geared toward risks in specific industries. For example, some products include quality, health, safety, and environment (QHSE) risk management tools, making it suitable for businesses in industries with those concerns.
Pricing Information
There are several risk management software products with free plans, albeit with limited features compared to their paid plans. Paid plan models are usually between $2.99 and $10 per user per month at the lowest subscription tier. Some vendors may also require an onboarding or integration fee as well. Most vendors require interested customers to contact them for specific pricing. Demos and free trial periods are available.
Risk Management FAQs
What does risk management software do?
Risk management software products identify, analyze, prioritize, and mitigate risks to businesses. Risk management strategies can be tied to objectives, performance, or strategy as defined by the business.
What are the benefits of using risk management software?
Risk management software allows users to create data-driven risk mitigation and resolution strategies using a range of simplified tools. They can also be used for greater visibility into risks of possibly beneficial actions, such as investments or contracting services.
How much does risk management software cost?
There are some free risk management software product plans with limited features. Common subscription plans range between $2.99 and $10 at the lowest subscription tier, although most products require users to discuss pricing options with the vendors. Free demos and trials are common.