Riskion 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.
Riskion Alternatives
Compliance work eats engineering time. Hyperproof exists to give that time back by automating the parts of GRC that don't need a human: pulling evidence out of GitHub, Jira, ServiceNow, Snyk, and cloud storage on a schedule, running recurring tests against high-frequency controls, and kicking off a task automatically the moment something fails instead of waiting for the next audit cycle to find out.
Under the hood, Hyperproof maps one control to 160+ frameworks (SOC 2, ISO 27001, HIPAA, NIST, and others), so a control tested once can satisfy several standards instead of forcing teams to rebuild the same work per framework. AI agents handle the first pass on evidence review and gap-flagging, leaving humans to make the actual judgment calls rather than hunting down documentation.
Teams using it report cutting audit prep by roughly 350 hours a year, a 66% drop in duplicate controls, and about $150K saved annually on control orchestration. It also scales to messier org charts, with the ability to scope controls by business unit or entity instead of flattening everything into one program.
Built in 2018 out of the Seattle area, Hyperproof is used by engineering and security-heavy orgs like Reddit, Fortinet, Appian, and Outreach that are tired of treating compliance as a manual, spreadsheet-and-email process and want it to run more like the rest of their infrastructure: automated, monitored, and auditable.
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Globally, teams in risk, procurement, and compliance are under pressure to manage geopolitical risks and business risks. Third-party risks are impacted by the complexity of domestic and international businesses, as well as complex and diverse regulations. It is crucial that companies proactively manage third-party relationships. This cutting-edge platform, powered by D&B Data Cloud's 520M+ Global Business Records with 2B+ annual updates for third-party risks, is an AI-powered solution that mitigates and monitors counterparty risk on a continual basis. D&B Risk Analytics uses best-in class risk data, including alerts for high-risk purchases and match points of more than a billion. This helps to drive informed decisions. Intelligent workflows allow for quick and thorough screening. Receive alerts on key business indicators.
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DPL Professional
DPL Professional serves as a user-friendly, visual decision tree software that excels in comprehensive decision-making and risk analysis. It effectively guides users from the initial framing of decisions through sensitivity analyses, intricate model development, and culminates in the production of clear, presentation-ready outputs, ensuring thorough coverage of all aspects. With DPL Professional, you can confidently evaluate risks. Utilizing DPL Influence Diagrams allows you to visually represent the primary factors within a decision model and their interconnections. By illustrating how various elements affect one another, you can arrive at a more precise risk assessment. The software provides a structured approach and timelines for addressing decision-related challenges. Decision Trees clarify the potential outcomes, enabling a systematic framework for decision-making. With the ability to compute the expected value of the overall objective measure, such as net present value (NPV), along with other essential metrics, DPL Professional equips you with the critical insights necessary for informed action. This multifunctional tool is indispensable for anyone looking to enhance their decision-making capabilities.
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AuditBoard
AuditBoard, the cloud-based platform that transforms how enterprises manage risk, is the leader. Its integrated suite provides easy-to-use compliance, audit, and risk solutions that streamline internal audit, SOX compliance management, controls management and risk management. AuditBoard's clients include Fortune 50 companies and pre-IPO companies that are looking to simplify, improve, and elevate their functions. AuditBoard is the highest-rated GRC and audit management system on G2 and was recently ranked by Deloitte as the third fastest-growing North American technology company.
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Pricing
Pricing Starts At:
$6,000/month
Pricing Information:
Single Seat: $6,000/month
Integrations
No Integrations at this time
Company Details
Company:
Expert Choice
Year Founded:
1983
Headquarters:
United States
Website:
www.expertchoice.com/riskion/
Media
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Product Details
Platforms
Web-Based
Windows
Mac
Types of Training
Live Training (Online)
Customer Support
Online Support
Riskion Features and Options
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