Best Operational Risk Management Software of 2024

Forward-looking risk visibility helps to reduce losses and prevent future events. Modern integrated risk management with real-time aggregated data on risk and their impact on investments and business objectives. Protect brand reputation, reduce compliance costs, and gain the trust of regulators and boards. Keep up-to-date with evolving regulatory requirements and proactively manage compliance risk, policies, cases, controls assessments. By aligning audits with strategic imperatives, business goals and risks, you can drive risk-awareness and accelerate business performance. Provide timely insights into risks and improve collaboration between different functions. Reduce third-party risk exposure and make better sourcing decisions. Continuous third-party compliance, performance monitoring and continuous third-party risks monitoring can help prevent third-party incidents. All aspects of third-party risk management can be simplified and streamlined.

STREAM Integrated Risk Manager, an award-winning GRC platform, allows organizations to centralize and automate, quantify, report on, and report on risk. It can be used in a variety of applications, including cyber / IT and enterprise risk management, BCM, and vendor risk management. STREAM is available as a SaaS and on-premise deployment. It has been around for more than 10 years. It has been adopted worldwide by organizations in many industries, including finance, energy and healthcare, legal, and IT. For more information, please contact us.

This software is perfect for you if you feel lost and confused while trying to decide between different options. Our software is easy to use and will do the math to find the best option for you. This software is decision support software for everyday users. Most existing decision support systems are designed for large corporations and solve specific problems. Divide problems into manageable pieces. Easy decision-making is possible. Math supports your decision and you can be confident that it is correct. Collaborate with others and convince them by showing numbers. Have fun tackling difficult choices. We won't use your e mail address for any other purpose. We respect your privacy and will not share or sell your e mail address to anyone. You can unsubscribe at any time.

The simple-to-use compliance management platform. Impero empowers companies and allows them to keep their promises. Digitize your tax compliance management and engage your whole organization to foster trust and transparency. GRC is a key component of your business's management. It will help you create and protect your organization's worth. It is crucial to ensure compliance and governance within an organization. All your operational and strategic risks can be identified and mapped, and you can also create mitigating tasks, controls, and digitize your processes, reports, and documentation all from one platform. Take Impero's word for it, but take a look at the examples of companies that have used Impero's platform to protect their value.

IBSFINtech, a global enterprise TreasuryTech company, provides end-to-end digitisation & automated solutions for corporates Cash & Liquidity, Treasury, Risk, Trade Finance(TRTFM®,) & Supply Chain Finance functions. Our product portfolio includes Onprem solutions, SaaSTM - InTReaX™ and Supply Chain solution VNDZY®. Our clientele spans many verticals and geographies. They include Vedanta Group. Mahindra. Sai Life Sciences Ltd., Bluestar Ltd., Polycab Ltd., Future Group. We were also awarded the prestigious "The Corporate Treasurer-House Awards", which recognizes IBSFINtech for being the best software provider in the APAC region.

Opture ERM Basic Version provides risk management software for beginners. Existing and customer-specific processes and methods can be continued and transferred into a professional, web-based software program. The Opture ERM Basic Version is the foundation for all modular extensions. It maps the entire risk management process (identification and evaluation, analysis, control, monitoring, reporting, control, reporting, and control) and provides a basis for all modular extensions. The Opture ERM Basic provides a comprehensive view of the calculation and net expected values of the interrelationships among the organizational and process structures, risks and owners. This allows for the development of effective control measures.

Interfacing's Digital Business Platform uses flow technology to illustrate tasks and work in a flow diagram. This focuses on the people who are performing the tasks and their respective roles. The Digital Business Platform is a tool that can be used by companies to improve, share, and build processes from a central repository. To automate tasks and minimize manual intervention, business rules can be applied at any stage in the workflow. You can track and provide status reports at every stage of a process, which allows for precise performance and coordination between manual and systemized tasks. Our Digital Business Platform and our EPC system will greatly improve collaboration between IT operations and IT development, streamline testing, automate workflows, as well as offer significant bottom-line benefits. Interfacing's digital platform - Rapid Application Development Tools (RAD) Tools, and its Low-Code Development methodology, will maximize your technical resources.

RemoteComply System, a cloud-based software platform, is intuitive and easy to use. It stores and maintains all information necessary to support Operational Risk Management. Standard reports are available. RemoteComply includes 6 integrated products. RemoteVendor, a vendor management system, evaluates vendors on FFIEC regulations. RemotePlan is a business continuity plan system that stores all company information to create a comprehensive business impact analysis. RemoteNotify is an alert notification system. It can send mass notifications via email, text, or audio to individuals. RemotePolicy, a document management system, manages all aspects of maintaining policies and procedures, including tracking, distributing, and authorizing documents. RemoteProfile is a risk management tool that manages the organization's assets.

Streamline your due diligence and risk assessments, and transform your practice to better serve clients using a best-in class cloud platform. You can identify, analyze, and mitigate risk with full transparency. Flexible, out-of-the box workflows and controls allow for flexibility while increasing efficiency. The cloud platform allows for process and assessment automation. Upload your own questionnaire or choose from a library of templates and customize. Schedule questionnaires to be published to partners. Automate grading using a proprietary scale. Assess360 is one application for all parties (responders can use Assess360 for free), making it easier for you and your third party. With complete approval workflows, third parties can assign sections to different groups. You can allow third parties to collaborate with you and internally. They can attach documents and keep track of their progress.

Manage risk and compliance enterprise-wide through change and disruption created by evolving global regulations including privacy and ESG, human error, cyberattacks, digital transformation, and more. By seamlessly embedding risk management and compliance into your daily workflows and familiar user experiences you can enable a common language to improve risk-informed decisions, reduce costs, gain real-time visibility into risk, and effectively communicate with stakeholders at all levels.

Coruson is Ideagen’s enterprise safety and risk management software. It is used by industry leaders in the rail and aviation industries. It provides powerful and integrated functionality that allows you to take full control of your operational risk. Your engineers, conductors, tech teams, and cabin crew will be your eyes and ears. Smart forms allow you to collect the data that is important to you. You can keep control of everything, from near-miss investigations to document updates to scheduled audits. Coruson is your single source of truth, from ground operations manuals to aircraft and rolling-stock specifications and SOPs. This makes it easier and faster to do things the right way. Coruson can be configured to meet your specific organizational needs and processes.

Lenders face increasing pressure to make more compelling offers to more applicants. But managing risk and growing profitable portfolios is more difficult than ever. It's time for a rethink of the data and insights that are used to assess credit risk. RiskView Credit Solutions can help you gain a fresh perspective on credit risks by leveraging non-credit event and alternative credit-seeking information. Improved risk segmentation in credit score bands allows you to refine offers for applicants who are in highly competitive credit segments. Improved predictive capabilities for near prime applicants can maximize acceptance rates and manage risk exposure. Assess consumers with thin or no-hit credit histories.

You can achieve significant cost savings and gain greater insights by coordinating compliance, risk, and operational tasks across teams. CoVi Analytics creates easy-to-use apps (Apps) for the operations team. These tools help streamline operations, improve efficiency, and empower business growth. We do this by creating tech-driven solutions to simplify business activities, automate operation, and deliver greater insight. App Suite simplifies and automates the business activities of firms by redefining their methods for monitoring, measuring and instructing operations. App Suite is an essential productivity toolkit for regulated companies. CoVi's modular business policies and procedures offer over 60% in cost savings.

Software solutions that make organizations more resilient and sustainable are what we create. Our innovative technology can make your organization more efficient, resilient, sustainable, and better for the world. Our software solutions enable companies to manage safety and environment performance, ensure compliance and minimize risks, improve profitability, and leverage some of the most advanced technologies in the world. Our H&S management software will ensure the safety and health of your employees, assets, and the community. Our solutions cover all aspects of worker safety and health as well as process safety management. They help you prevent and predict incidents, keeping your employees healthy and productive. Ensure your business operations are reliable and efficient, as well as maintaining the productivity of your employees. Recognize and mitigate potential risks to production and manufacturing targets.

ProcessUnity Vendor Risk Management is a software-as-a-service (SaaS) application that helps companies identify and remediate risks posed by third-party service providers. ProcessUnity VRM combines a powerful vendor services catalog, dynamic reporting, and risk process automation to streamline third-party risk activities. It also captures key supporting documentation to ensure compliance and meet regulatory requirements. ProcessUnity VRM offers powerful capabilities that automate repetitive tasks, allowing risk managers to concentrate on more valuable mitigation strategies.

Origami Risk provides integrated SaaS solutions designed to help organizations--insured corporate and public entities, brokers and risk consultants, insurers, third party claims administrators (TPAs), risk pools, and more, transform their approach to managing critical workflows, leveraging analytics, and engaging with stakeholders. Origami Risk has won five consecutive Business Insurance Innovation Awards. This is because we work closely with our clients to create solutions that address real-world problems. Origami Risk was founded in order to provide real-world solutions that are industry-leading for risk professionals all over the world. This continuous effort is reflected in Origami Risk's acceptance of the 2021 European Risk Management Award as Technology Innovation of the Year. Comprehensive, integrated solutions to reduce incidents and hazards.

Companies face enormous risks in today's business environment. Some are caused by the competition, while others are due to the natural market or environmental factors. Our consultants will help you link performance indicators and risk indicators to provide a solid foundation that will allow you to make informed business decisions. We can help you with all aspects of risk management, including the identification of risks and the implementation of processes and digitization. Employees in risk management have the ability to use our dedicated tools and practical knowledge to identify and respond to risks at all levels of the organisation faster. You will gain practical knowledge and use risk management tools.

The DecisionTools Suite is available to all industries. You can take the guesswork out big decisions and plan with confidence. The DecisionTools Suite allows you to assess risk and optimize your decisions right from Excel. The DecisionTools Suite integrates a number of programs that allow you to analyze risk and make decisions under uncertainty. The DecisionTools Suite software seamlessly integrates with Microsoft Excel. Our innovative software solutions provide useful insights in uncertain situations. Palisade, the world's leading provider of decision and risk analysis software, has been helping companies and organizations evaluate risk at all levels and decide what next steps to take. Palisade has offices all over the globe, giving it a truly global presence. We are proud to be able to offer technical support and sales for Palisade software.

Reva QMS, a software-based Quality Management System, is available. Our solution helps organizations organize, manage, report, and track business-critical documents. It also aligns their business processes to conform to relevant industry standards, laws, regulations, and specifications. Reva QMS is specifically designed for highly regulated industries. It helps organizations automate their paper processes and ensure regulatory compliance. It offers a complete set of functions and capabilities that are specifically tailored for highly regulated industries. This allows them to achieve greater operational transparency and adhere to industry standards, best practices, rules, and regulations. It offers a simple browser interface that makes it easy to manage business processes.

SimpRisk is easy to use and will save you time managing risk even for the most demanding users. SimpRisk is a simple, intuitive risk management tool that will make it easy to manage complex risks. SimpRisk makes risk management simple, quick, and easy with its app. SimpRisk is adaptable to any business. You can easily add organizational units and unlimited users to SimpRisk. You can also customize consequence levels, probability levels and risk levels for your company with just a few clicks. SimpRisk is your personal assistant for risk management. SimpRisk is a simple platform that guides you through the steps of identifying, assessing and managing risks. All risks entered will be displayed in the risk matrix as well as the risk register. SimpRisk allows users to add reminders to their notes and meetings, and to share them with others so they don't forget important information.

Risk Matrix, as well as additional information on RiskNav or Risk Radar, is available in the Systems Engineering Practice Office's Risk Management Toolkit. Risk Matrix is freely available, but only downloadable online documentation is available. Government programs sometimes implement a combined government/contractor risk management process that uses tools provided by the contractor. Numerous government contractors have developed risk management software in-house. Many applications can be used to support program risk management and are comparable to commercial tools and MITRE. Many smaller programs use Microsoft Excel and Access customized risk management tools. Some customized solutions meet the criteria for tool selection. This is important when looking at a customized solution that meets all the requirements of the program being supported.

IBM OpenPages is a highly scalable and AI-powered GRC platform that simplifies data governance, regulatory compliance, and risk management. IBM®, OpenPages®, is a highly scalable, AI-driven governance, risk, and compliance (GRC), solution that runs on any Cloud with IBM Cloud Pak for Data. Centralize siloed functions of risk management within a single environment that helps you identify, manage and monitor risk and regulatory compliance. Prepare for the future by implementing an integrated, extensible and fully configurable enterprise risk management system that can scale to tens or thousands of users. Drive GRC adoption across all three lines of business by using a modern UI that focuses on completing tasks.

A comprehensive solution to operational risk can be implemented that not only measures the risk but also provides a foundation to reduce operational risks and lower costs. An enterprise-wide foundation for operational risk management that includes process, organizational, and data management functionality. Rapidly, firms are realizing that an effective system solution to operational risk must include more than just risk assessment surveys, loss event databases, or op risk capital calculations. Operational risks are everywhere and in every aspect of business, from front office to accounting to financial controls to settlements. Operational risk demands a strategic enterprise view as well as a system solution that can both manage and measure it. The top layer is supported by several key components that are crucial for reducing process-related risk.

Modern safety products can help you identify, reduce, and eliminate workplace risk without spending a fortune. Alexis is your friend and assistant. Our AI will instantly find and add the relevant information to your assessment and make it easy! COSHH assessments do not have to be complicated. We made it simple and understandable for the end-user (the person who is performing the task). COSHH365 is not rocket science. It's simple, straightforward, and compliant. Our unique template makes it easy to create COSHH assessments for any task.

Risk can be complex and difficult, but it doesn't have to be. WolfPAC Integrated Risk Management®, a fully integrated suite that includes software and expert advice services, is designed to keep your business safe. You can address risks immediately and increase the effectiveness of your enterprise risk management program with confidence. We work with you to identify your risks and needs and provide you with next-generation solutions for managing the changing risk landscape. Our holistic software solutions provide a complete view of your risk data, increasing your security and minimizing business interruptions. No matter if you want to manage your software deployment yourself or need expert guidance and training, our team is here to help.