- Free Version: Available for teams of up to 10
- Pricing: Premium plan $24/month (with a free 30-day trial period)
- Platforms supported: Available on mobile app (iOS and Android) or a web-based software
Why use SafetyCulture?
SafetyCulture is a robust software that provides risk managers, risk analysts, compliance managers, internal auditors, and quality managers with a top-level risk management and assessment approach. The platform integrates all parts of enterprise risk management into one software so users can gain a holistic view of risk and ensure compliance with regulations. Additionally, SafetyCulture offers comprehensive tools for risk identification, assessment, and monitoring to help organizations make informed decisions and prevent potential risks from occurring.
Features:
- Identify patterns and areas for improvement by tracking risks and contributing factors over time with the platform’s advanced analytics and reporting features.
- Make better strategic, ethical, and responsible decisions by getting a holistic view of your compliance, health, and safety risk from the platform’s powerful dashboard.
- Quickly identify and address potential risks and hazards before they become a problem through digital risk assessments.
- Streamline and standardize risk management tasks by creating automated workflow processes.
- Ensure everyone in the organization follows best practice frameworks and control measures using industry-standard training courses.
- Quickly take action and minimize potential risks through automated real-time notifications when an incident occurs.
Why use Alyne?
Alyne is a comprehensive GRC platform for governance, risk, compliance, and ESG. It uses AI technology to provide data-driven insights to organizations. The platform helps teams understand laws, identify risks in real-time, increase transparency, and improve compliance efficiency. Additionally, it facilitates collaboration across the enterprise and with third parties. Alyne enables risk management and reduction, meets compliance requirements, provides detailed risk analytics and reporting, and supports risk-aware decision-making.
Features:
- Real-time risk mitigation
- No-code workflows
- AI-powered compliance platform
- Free Version: None
- Pricing: Custom pricing
- Platforms supported: Web
Why use Corporater?
Corporater is an enterprise-scale software that supports governance, performance, risk, and compliance (GPRC) operations. Its risk management capabilities cover IT and web risk management, third-party risk management, project and portfolio risk management, and operational risk management. It’s suitable for organization-wide use to detect, manage, and mitigate risks in all departments.
Features:
- Internal audit management
- Compliance management
- Risk management
- Free Version: None
- Pricing: Custom pricing
- Platforms supported: Web and On-premise
Why use Diligent One Platform?
Diligent One Platform is a risk management tool that helps organizations identify, assess, and manage risk using a unified methodology to make better risk-related decisions. The platform integrates with multiple sources, internal and external, providing a comprehensive view of the current risk environment. Diligent’s dashboard and reporting features also ensure clear visualization of your organization’s risk profile, including an overall risk score and the contribution of different risk factors.
Features:
- Carbon and climate monitoring
- Data collection and reporting for multiple carbon-specific frameworks
- Custom Environmental, Social, and Governance (ESG) program
- Free Version: None
- Pricing: Custom pricing
- Platforms supported: Web, On-premise, Android, and iOS
Why use Resolver?
Resolver provides solutions for corporate security, compliance, and information security teams. The software has all the necessary features to discover, assess, and minimize risk. One of its highlights is the risk assessment feature that links issues to specific incidents and actions, ensuring they are relevant to business events. By highlighting these risk indicators, users can identify gaps in their risk management strategy and understand the impact of your strategies.
Features:
- Incident investigations and management
- Compliance tracking
- Real-time reporting
- Free Version: None
- Pricing: Custom pricing
- Platforms supported: Web, iOS, Android
Why use MetricStream?
MetricStream helps users understand and respond to risk across the organization. The tool features risk identification and definition modules, allowing you to document all business risks. Additionally, MetricStream’s dashboard displays key issues, with internal audits that consider your organization’s objectives, products, and processes. This improves audit efficiency, enabling faster completion.
Features:
- Customizable automated workflows
- Continuous risk assessment
- Performance management with KPIs
- Free Version: None
- Pricing: Custom pricing
- Platforms supported: Web, Android, and iOS
Why use Ventiv IRM?
Ventiv IRM empowers risk managers with advanced analytics, comprehensive reporting, and a modern user experience that elevates organizational risk management. With Ventiv IRM, users can effortlessly capture, consolidate, and integrate diverse data sources to establish a centralized repository of accurate information.
Features:
- Asset and exposure management
- Cost allocation and calculation
- Risk engineering and property loss
- Free Version: None
- Pricing: Custom pricing
- Platforms supported: Web, Android, and iOS
Why use RAIDLOG?
RAIDLOG is project and risk management software that helps organizations identify and mitigate risk in business initiatives. It’s based on the Risk, Action, Issues, and Decisions (RAID) framework. The software features a customizable risk matrix to identify and evaluate risks and predefined risk frameworks to align with industry standards. The platform’s reporting dashboard visually overviews risk and project data over time. Custom reports are also available for risks, remediation, and compliance.
Features:
- Action log
- Project management
- Risk management
- Free Version: Yes
- Pricing: Starts at $99 annually
- Platforms supported: Web
What is Integrated Risk Management Software?
Integrated risk management (IRM) software is a comprehensive solution that helps organizations identify, assess, and mitigate various risks they may face. It combines multiple risk management processes into a single platform, allowing businesses to streamline their risk management efforts and make informed decisions to protect their assets and achieve their objectives.
IRM typically includes risk identification, risk assessment, mitigation, monitoring, and reporting. It enables businesses to identify and prioritize risks, assess their potential impact and likelihood, develop and implement risk mitigation strategies, and continuously monitor and update their risk management plans.
Benefits
Here are some important benefits of utilizing the best-integrated risk management software:
- Streamlined risk management process – Integrated risk management software provides a centralized platform for managing all aspects of risk. It allows businesses to streamline risk management processes by consolidating data, automating workflows, and providing real-time insights. This leads to improved efficiency and effectiveness in addressing risks.
- Comprehensive risk assessment – Organizations can conduct comprehensive risk assessments with integrated risk management software. The software enables businesses to identify and evaluate risks across various departments and functions, ensuring a holistic view of the organization’s risk landscape. This helps in prioritizing risks and allocating resources appropriately.
- Real-time monitoring and reporting – Integrated risk management software offers real-time monitoring and reporting capabilities. It allows businesses to track risks, monitor controls, and receive alerts on potential issues or breaches. This enables proactive risk management and timely decision-making, reducing the likelihood of costly incidents.
- Enhanced compliance and governance – Compliance with regulatory requirements and adherence to governance frameworks are critical for businesses. Integrated risk management software helps organizations stay compliant by providing tools for tracking regulatory changes, assessing compliance gaps, and implementing necessary controls. This ensures that businesses operate within legal and ethical boundaries.
- Improved collaboration and communication – Effective risk management requires collaboration and communication across different teams and stakeholders. Integrated risk management software facilitates seamless collaboration by providing a centralized platform for sharing information, assigning tasks, and tracking progress. This fosters better communication, coordination, and alignment among stakeholders, improving risk management outcomes.
- Data-driven decision making – Integrated risk management software leverages data analytics and reporting capabilities to provide valuable insights into risks and their potential impact. This enables businesses to make informed decisions based on data-driven analysis rather than intuition or guesswork. It helps identify emerging risks, evaluate mitigation strategies, and optimize risk management efforts.
- Scalability and flexibility – The best integrated risk management software offers scalability and flexibility to accommodate the changing needs of businesses. It can adapt to evolving risk profiles, organizational structures, and industry requirements. This ensures that the software remains relevant and effective in managing risks as the business grows.
Key Features
Here are some key features to look for when selecting integrated risk management software:
- Risk assessment and identification
- Compliance management
- Incident and issue management
- Risk mitigation and control
- Reporting and analytics
- Integration and scalability
- User-friendly interface
Choosing the Best Integrated Risk Management Software
Selecting the optimal tool crib software is vital for efficient inventory management and streamlined operations in your business. The following table concisely overviews container tracking software, highlighting free versions, pricing, and mobile app availability. This resource will assist you in identifying the most suitable option to meet your requirements.
| Integrated Risk Management Software | Free Version | Paid Plan | Mobile App |
| SafetyCulture | Yes | $24/user/month* | Yes |
| Alyne by Mitratech | None | Custom pricing | None |
| Corporater | None | Custom pricing | None |
| Diligent One Platform | None | Custom pricing | Yes |
| Resolver | None | Custom pricing | Yes |
| MetricStream | None | Custom pricing | Yes |
| Ventiv IRM | None | Custom pricing | Yes |
| RAIDLOG | Yes | $99* | None |
*billed annually
Rob Paredes