Best Operational Risk Management Software of 2024

Based on decades of experience and hundreds upon hundreds of deployments in all areas of risk management. No matter if your organization has an advanced Risk Management function, it can consolidate visibility or start with one area. A platform that is specifically designed for risk analysis and management will help you increase efficiency and coordination among stakeholders. Archer facilitates a common understanding of risks, making it easier for everyone to work together to manage them. The use of the same metrics, policies, and taxonomies to manage all risk data improves visibility, collaboration, and efficiency. Archer is a comprehensive solution for integrated risk management. Get a demo to see it in action. Explore the UI to see how the features, dashboards and capabilities can best address your unique compliance and risk challenges, regardless of whether you use our SaaS or on-premises offering.

The web-based software solution, the PRC Enterprise Risk Register, allows you to track risk at all levels. This includes portfolio, program, and project. Audit logs of all risk updates and modifications are available at the click a button. This allows for audits, claims and information flow. The strength of the PRC Enterprise Risk Register software lies in its simplicity. It can be used at both project and portfolio level without compromising data or functionality. The PRC Enterprise Risk Register allows you to map across project levels. This means that data can be rolled up at the portfolio level and reported on, even if work, risk, and organizational breakdown structures may not be standard. The PRC Enterprise Cost Risk Analysis web-based software tool allows you to simulate cost estimates and determine cost contingency, risk drivers and hotspots.

Measurement is the first step. Clients often monitor the quality of their customer service by listening to calls, reviewing chats, and following updates on Facebook and Twitter. These results are often saved in spreadsheets, which can make it difficult to effectively and reliably mine for information after a few weeks. OptiOp makes it easy to create and maintain evaluation forms, quickly and easily across any number skills or media channels. You can also meet with employees to give feedback and track actions. Employees can sign off on receiving feedback. Request a demo using the chatbot. The benefits don’t end there – measurement and feedback must always be applied consistently. OptiOp makes it easy to conduct calibration sessions efficiently, bringing together your quality assurance or evaluation team.

Our risk management platform and consulting empower you to predict what's coming, protect your reputation, and improve business performance by strong governance. All your risks are interconnected. Our governance area and point solutions packages are built on a taxonomy platform. They can be easily integrated into every department and supported throughout your organization's entire risk journey. To identify the bank risk themes in your branches and to determine gaps in controls or processes, you can use a risk assessment. It is also important to understand the location-specific risks (such as susceptibility to natural catastrophes, number or departments of employees, etc.). To fully understand your enterprise-level risks. Our risk management consultants work with customers to help them move forward. You can choose from a variety of customized training sessions or best practice consulting services.

We make the world safer, more sustainable, and more productive. Our software analyzes data from many sources to help companies make better strategic business decisions regarding mitigating risk. This is called Integrated Risk Management 4.0 (IRM 4.0). Our success is based on the fact that we have never had to deal with any of these incidents. Sphera's Environment, Health, Safety & Sustainability solutions provide end-to-end risk management on a single platform that can be scaled to meet companies' daily and strategic EHS&S goals. Sphera's Operational Risk Management Solutions help operators create a unified strategy to drive Operational Excellence throughout the enterprise. Sphera's Product Stewardship Solutions combine the best-of-breed and rich content to allow you to comply, streamline, and automate all aspects of your products' lifecycle.

Dataminr's AI platform detects and sends alerts to global teams as they occur. You can quickly identify critical information, respond with confidence, manage crises better across your enterprise, and then you can know the most important information first.

Secure Audit, Risk, Compliance, Quality Software. Available in both Cloud-based and On-Premise deployment options. Auditrunner provides granular encryption and role-based access controls for audit files and documents-at-rest. All data is protected. Our platform has automated over 3000 business processes for companies around the globe. These are just a few examples of the GRC platform modules. Cloud-based and On-Premise. Just deploy and begin using. The platform's seamless integration allows you to start enjoying the benefits within weeks of launch. The platform's low-code design allows for customization and compliance with any standard or regulation. You can operate in a fast-moving, constantly changing regulatory environment and comply instantly with a multitude of different legislation without assistance. Our ease of use is unmatched.

Your business is vulnerable to natural disasters and cybercriminality. Your Business Continuity plan should be ready and effective. Synchronized with company directories. Web-base Business Continuity app. Mature & complete Saas or Site license main independent modules. Internal Control Risk Management Business Continuity. Your BCP should be maintained. Follow the 4 steps of the PDCA wheel. Easy integration of existing BCP. Conforms to ISO 22301 BCP standard. Relies on security standards such as MEHARI, EBIOS and COSO. Risk Management module. Identify and assess major company risks. Manage residual and inherent risks. Manage risks and develop an action plan. Monitor KRI. Business Continuity Module. Assess the main company processes. Evaluate the company's major assets. Design the BIA Design scenario.

Strike Graph is a tool that helps companies create a simple, reliable, and effective compliance program. This allows them to quickly get their security certificates and can focus on their revenue and sales. We are serial entrepreneurs who have developed a compliance SAAS platform that allows for security certifications like ISO 27001. These certifications can significantly increase revenue for B2B businesses, as we have seen. The Strike Graph platform facilitates key players in the process, including Risk Managers, CTOs, CISOs and Auditors. This allows them to work together to build trust and close deals. We believe every organization should have the opportunity to meet cyber security standards, regardless of its security framework. We reject the busy-work and security theater that are currently being used to obtain certification as CTO's, founders, and sales leaders. We are a security compliance company.

Build a solid supplier data foundation. Tealbook will allow you to import your vendor master data and provide clean, enriched data. Tealbook uses machine learning and powerful AI to provide you with always-updated supplier information. Tealbook's extractor catalogs websites and then aggregates the data within the Tealbook platform. Tealbook uses machine learning to continuously gather fragmented information from different, hidden sources on the internet, and then blends it into a complete data set. Only 7% of CPOs have confidence in the quality and completeness of their data. Tealbook's data standards are designed to build trust in your decision-making. Supercharge your technology stack. Tealbook is a dynamic data foundation that continuously improves the data that powers your company. Assess a global network of suppliers. Tealbook combines highly disparate information to give you reliable data at your fingertips.

The most flexible and configurable survey management platform allows you to automate the entire lifecycle of a survey, from creation to completion. Machine learning and artificial intelligence have set the standard for data collection. A robust data warehouse can be reported on and mined against. Loss Control 360 acts as a hub between insurance core systems, vendor survey companies, and InsurTech companies, transforming global industry workflow. Automatedly apply labels, identify common hazards and extract text. Loss Control 360's Client Portal Module lets agents and insureds interact with an online portal that provides real time data about policies. This interactivity allows you and your clients to have control over all aspects of loss control surveys and service, impairments and location management.

Financial institutions can fully automate their compliance and risk management processes with AI-driven technology. Continuity, a RegTech solution, automates risk, compliance and vendor management for the financial service industry. It integrates the required processes of compliance and risk to improve performance. Continuity reduces regulatory burden and mitigates risks by combining cloud technology with regulatory expertise. Our solution has been adopted by hundreds of financial institutions in the United States. Continuity's enterprise-risk management (ERM), compliance, vendor, performance management, and compliance systems are designed to meet the needs of banks, credit unions and mortgage companies of all sizes. A robust platform designed for efficiency and flexibility.

Organizations must modernize assessment and monitoring as disruptions become more frequent. What are you doing now to prepare? You can map and model supply chains deeper, and view all information about your business relationships in seconds. We have the largest network of B2B relationships that is highly connected and multi-dimensional, thanks to a variety of AI models trained on supply-chain data. We monitor global events continuously, providing real-time indicators for supply chain vulnerability and distress across your business ecosystem down to the Nth level. Build resilience into your extended supply chain. Cyber threats can be managed proactively, regulatory compliance ensured, and you can source confidently with just one solution. Identify and assess connections to prohibited and restricted countries, assess legal compliance, and identify operational, financial, governance, and cyber risk down to any one supplier, anywhere.

apexanalytix, the world's largest provider of supplier portals software, trusted supplier data, controls and audit software and AP recovery audits services is the leading provider in the world. Our client portals actively support 8.5M+ supplier records, and we protect $9T of spend annually. We also prevent or recover $9B in overpayments. Our software and audit service are built on the smartvm®, a database of 90M+ records with contacts that is scored for accuracy and age. This database is based on integrations with over 1,000 government and regulatory data sources, and 10M+ communications each year with suppliers. IBM Watson® supports apexarchimedes™, a cognitive technology and innovation system that is integrated into the apexanalytix services and software to harness the power for the future. This includes smarter recoveries and controls, analytics, supplier data, and working capital.

Data driven risk decisions and predictions can be made with customers and business transactions. Get real time risk visibility. You can achieve compliance with regulations and policies. Increase digital sales and improve customer experience. Monitor core business processes in real-time to maximize operational performance. Protect your reputation and employee efficiency. Use a world-class risk management engine that is best practice to prevent business disruptions. Top-down and bottom-up risk management allows for robust review and challenge of analytics to support decision making. A comprehensive audit trail provides assurance to board members and regulators that coherent risk management practices are being followed. Intelligent platform that delivers award-winning, connected, more precise risk management and intelligence to business, risk, and compliance teams to manage, benchmark, reduce costs, protect revenues, and increase resilience to business risks.

Experts and moderators love the PLATO software SCIO™. PLATO e1ns, a web-based software, is recommended for easy handling by all members of the engineering department. It includes the most important SCIO™ functions. PLATO e1ns allows for optimal product development process (PDP) design. PLATO has created e1ns to help in the early stages. You lay the foundation for cost- and risk-avoiding. SCIO™,-FMEA's database technology fulfills the requirements for knowledge management, multi-user capability, and foreign language support. SCIO™,-Matrix is a fast method for system analysis. It's used to convert customer requirements into product functionality through optimal implementation. Complete documentation and planning of each step. Securely stored and available for retrieval in SCIO™.

Your board directors should receive accurate and customized reporting to help them fulfill their fiduciary duties. Broadridge data offers deep insight into your competitors and expert knowledge on fund industry trends, so you can better position funds to support fee increases. For compliance and regulatory reporting, you can gain fund performance, portfolio and expense data. You can use custom peer groups to identify growth opportunities and increase margins. For better board reports, combine customization with unrivaled expertise. Our consultants use proprietary Broadridge, Lipper, and Morningstar data to provide deep fund expense, portfolio coverage, and performance information. We also offer customized peer groups. These insights are then used to identify trends in the fund industry to provide more detailed and professional-grade reports for boards. Broadridge has partnered up with industry leaders to provide data directly from firms to its clients.

Unify your case management with issue intake to create a simple, streamlined solution. Close cases faster by using resilient software and better intake information. After you sign with Ethico, the conversation is not over. We want to be there for you, unlike others. We want to make sure that our corporate compliance solutions work for you. Our teams will answer your questions quickly and provide results. Ethico is committed to building long-term relationships. We encourage feedback. We protect your patients and your organization by monitoring the healthcare populations to identify compliance and licensure issues before they become a serious problem. Both Licensure Monitoring & Healthcare Exclusion Screening, for employees, contractors and providers. A complete solution that includes options for DIY or full-service.

Risks are a part of doing business, providing care, doing research, and providing utilities. A modern risk management system is essential to being in control and turning strategic risks into opportunities. Zenya RISK improves risk awareness, controls operations, links strategic risks with organizational goals, and transforms these into opportunities. Zenya RISK enables you to excel. Identify the risks in your organization quickly. Evaluate risks to determine their impact and extent. Controls to prevent and limit damage can be implemented where desired and necessary. Monitor the risks and controls, and make timely adjustments when necessary. Zenya RISK, a highly scalable solution, is accessible and helps you build a focused and reliable organization regardless of your level of risk maturity. Zenya RISK puts you in control of your organization and ensures that it is future-proof.

Risk management information systems provide the insights you need to monitor your Total Cost of risk (TCoR) and lower it. Real-time analytics will help you make informed decisions. Integrate all your data from both internal and external sources into one RMIS system, while connecting the risk mitigation activities throughout the business. Allow your managers to concentrate on their core business. Capture all incidents and notify management. Investigate and identify root causes. Identify the best corrective actions for your budget. Automate the renewal process through the collection, consolidation and analysis of risk and exposure data. Reduce the time it takes to collect renewal data by 70%.

Under the Basel Banking Accord, operational risk management is defined as the risk of direct and indirect loss resulting either from internal processes or systems that are inadequate or fail or external events. Operational risk is a constant threat, even before a product has been sold. Understanding the risks, in terms of both likelihood and impact, will allow you to prioritize your control efforts for the most serious risks. Understanding the causality of faults can also help staff improve their business practice, reduce costly mistakes and maintain a high standard of delivery to customers. Loss Data is also known as internal data. It is the process for accurately tracking loss event data and assigning these data points to business unit, processes, and control failures which caused or contributed to faults.

Intuitive workspace for deep dive analysis of financials, litigations and compliance, peers, and more. Understand the financial status of any company, public or private. Deep dive into key financial ratios and metrics across years. Check all courts and tribunals across India to identify past and ongoing litigation. Analyze all media mentions to understand the context. Identify business signals such as product launches, executive changeovers and more. Identify and evaluate parties that are directly or indirectly related to the target company. Check the quality of financial statements and their integrity. Check for misstatements and pilferages. Benchmark with peers. Check the tax compliance of the company you are interested in. GST, TDS, ITR and more. Check for notifications issued by key regulators about the target company.

Streamline your operational processes and uncover hidden insights using the leading AI-powered EHS Platform. Implementing an EHS system doesn't have to be a long, complex, and expensive process. Streamline your setup by using pre-configured best practice on the ServiceNow Platform, reducing costly customisation and implementation time. You can get started quickly and with minimal setup. Serenity Ascend can help you begin your EHS management transition. Our AI-driven platform provides a set core processes that are ready to use and designed to streamline EHS initiatives in any industry or company size. No matter where you are on your safety journey, elevate your EHS efforts. Serenity Enterprise will take your EHS management to the next level. This software builds on the core features of Serenity Ascend and allows you to expand your EHS compliance into various specialized areas.

Pro-evaluate was originally designed by Health and Safety auditors to improve safety in organisations. It has since grown to be a flexible audit and compliance solution that allows brands from different sectors to check compliance against a wide variety of standards and guidelines. Pro-evaluate was originally a major rebranding for CHASE, an original health and safety audit software application. Hastam collaborated with Evolve to overhaul their solution and create the software. Hastam had the goal of creating an off-the shelf model that businesses from any industry or sector could use to conduct compliance audits. Evolve subsequently took over the Pro-evaluate project and formed a dispersed team of developers to build it. Today, a cross-border UK-Ukraine team scales, improves, and maintains the product.

Cloud-based software solutions are developed to improve business communication, training, and compliance. Based on their identity and their work, staff only receives the information that is relevant to them. Staff can quickly see which information is new and needs to be signed-off using traffic lights. Notifications of important updates are sent to staff automatically. One-click reminders eliminate the need for unnecessary 'all staff' emails. Governance is improved, organizational risk is reduced, and compliance is enhanced. You can be confident that your staff has understood and read the WHS information. Bonafide, an operational communication tool, delivers targeted information to an organization. Are you fed up with emails being lost, information not being shared, and people not adhering to company processes? Bonafide helps solve these problems by pushing the right information to right people and making it accessible via the web or mobile app.