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Average Ratings 0 Ratings

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features
design
support

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Description

Riskion® serves as Expert Choice's comprehensive risk management solution tailored for organizations seeking more than just basic or spreadsheet-driven risk assessment. It establishes a methodical and systematic approach to pinpoint risks, their underlying causes, events, and potential outcomes throughout the organization, utilizing mathematically robust, ratio-scale evaluations instead of mere speculation. By facilitating collaborative input from stakeholders, it allows decision makers to harness collective expertise and visualize connections among various risk factors, triggers, and mitigation strategies. Riskion also enables the assessment of both low and high probability events, facilitates scenario comparisons, and optimizes resource allocation for effective risk treatment. The use of visual tools, such as "bow-tie diagrams," effectively conveys risk pathways and exposures. Ultimately, Riskion is designed to enhance accountability, deliver dependable risk assessments, and streamline decision-making processes by minimizing uncertainty and fostering clarity within the organization, thereby empowering teams to respond proactively to potential challenges.

Description

iCoRisk serves as an innovative accelerator for managing corporate risks, leveraging the Microsoft Power Platform to allow organizations to oversee, reduce, and handle various types of risks—including project, operational, and corporate—within a single, cohesive system. The platform features customizable risk scoring models that accommodate pre-, post-, and target-risk assessments, while also integrating risks with corresponding controls and mitigation strategies, and automating processes like notifications, email alerts, and approval workflows. Users can effectively map risks to different divisions, connect project-related risks with routine business risks, and access real-time, dynamic dashboards and reports powered by Power BI, providing stakeholders with a clear view of risk registers and ongoing mitigation efforts. Additionally, as a component of Microsoft 365 and the Power Platform, iCoRisk ensures seamless integration with Azure, Teams, and various third-party applications, which facilitates collaboration and embeds risk management activities into everyday business functions, thus enhancing overall operational efficiency. This holistic approach not only streamlines risk management but also empowers organizations to respond to challenges proactively and efficiently.

API Access

Has API

API Access

Has API

Screenshots View All

No images available

Screenshots View All

Integrations

Microsoft 365
Microsoft Azure
Microsoft Dynamics 365
Microsoft Power BI
Microsoft Power Platform
Microsoft Teams

Integrations

Microsoft 365
Microsoft Azure
Microsoft Dynamics 365
Microsoft Power BI
Microsoft Power Platform
Microsoft Teams

Pricing Details

$6,000/month
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Expert Choice

Founded

1983

Country

United States

Website

www.expertchoice.com/riskion/

Vendor Details

Company Name

iCoTech Services

Founded

2018

Country

United Kingdom

Website

icotechservices.co.uk/icorisk/

Product Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Product Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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