Best Operational Risk Management Software

Operational risk management software identifies, assesses, and addresses operational risks across all departments of a company. This type of software is used to prevent losses that may be caused by different factors such as human behavior, inconsistent processes, or issues related to technology. Companies use operational risk management solutions to define and implement strategies and plans required to streamline the management of operational risks. Compliance officers and managers from all departments of a company use operational risk management tools to share information and collaborate on risk mitigation and avoidance.

Operational risk management software is often implemented as part of enterprise risk management or governance, risk, and compliance projects. This type of software consolidates data from multiple systems such as ERP systems or accounting software. Operational risk management tools can be integrated with other risk management software such as IT risk management software or environmental health and safety software.

To qualify for inclusion in the Operational Risk Management category, a product must:

  • Deliver various methodologies and frameworks for risk management
  • Include standard processes for risk assessment and mitigation
  • Provide workflows to define and assign tasks related to risk management
  • Integrate and align operational risks with business processes
  • Comply with laws and regulations or internal company policies
  • Monitor the performance of the operational risk management activities
  • Analyze operational incidents or losses and their impact on the company
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    LogicGate
    (17)4.7 out of 5
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    LogicGate enables enterprises to transform disorganized risk and compliance processes into easy to use applications with an intuitive user interface. The platform enables organizations to configure powerful yet pragmatic agile GRC workflows, logic, and rules to reduce their risk exposure and reduce costs associated with managing large compliance programs.

    RSA Archer, you can manage risks, demonstrate compliance, and automate business processes.

    Complete Risk & Decision Analysis Toolkit for Microsoft Excel & Project

    Oversight Insights On Demand™ is a web-based software solution that automates spending program compliance by comprehensively analyzing expense report, purchase card, and accounts payable transactions to identify fraud, non-compliant purchases, and wasteful spending. Through visibility into the interaction between policy and behavior, Oversight offers opportunities for ongoing improvement, and helps organizations transform how they are managing risks in their spending programs. Key Differentiators include: • Artificial Intelligence Based Analytics • Behavioral analytics for observing patterns and trends • Robust workflow with automated audit, communications, and root-cause tracking

    Quality & Project Management for achieving and maintaining ISO 13485:2016, CE Mark or U.S.QSR (21CFR 820) for 510(K) Compliance Success. qmsWrapper integrates 5 separate software into 1 complete cloud based system, including Project, Risk, Document and Quality Management modules with built-in Team Messaging for the best Collaborative Compliance experience. Quality managers with little experience can easily step into the role and effectively start. Create safer, better, medical devices and get them to market faster.

    The Aruvio Cloud GRC platform systematically improves business continuity management for organizations of any size.

    BLR is a provider of compliance and training solutions in the hr-employment (DOL), compensation, safety (OSHA) and environmental (EPA) areas.

    Enterprise cloud software that gives you complete control, visibility and real time reporting of every detail and aspect of safety and operational risk in your organisation.

    ModelRisk is an Excel add-in that allows the user to include uncertainty in their spreadsheet models.

    Use Financial Reporting Compliance Cloud Service to optimize controls within and outside your financial processes using an integrated solution as part of your Oracle ERP Cloud deployment

    SAI Global Risk & Ethics and Compliance empowers customers to focus on developing an effective integrated risk management solution with a combination of software and learning content. Together, with our expertise, organizations can build and foster a strong risk and compliance culture, integrate risk management business process, and strengthen organizational ethics and employee behavior. SAI Global is a recognized leading provider of integrated risk management solutions, assurance, and property services. We help organizations protect their brands by proactively managing risk to achieve business excellence, growth, sustainability, and trust.

    The Succeed Risk Management Center is a secure, comprehensive risk management and occupational safety solution platform designed to improve risk management, loss control and prevention, and OSHA compliance efforts and results.

    Whether you face well-known or emerging risks, you need a robust enterprise risk manager and framework to navigate these management challenges or strategically seize opportunities.

    Managing and identfying risk has never been so simple.

    AC Risk Data Manager was built to meet the specific data requirements on time series data of risk management and new regulation such as FRTB, BCBS 239, Stress Testing and IPV.

    Active Risk Manager (ARM) one of the most audited risk management solutions in the world.

    AgenaRisk uses the latest developments from the field of Bayesian AI and probabilistic reasoning to model complex, risky problems and improve how decisions are made. You can use AgenaRisk to make predictions, perform diagnostics and make decisions by combining data and knowledge about complex causal and other dependencies in the real world. Our clients use AgenaRisk to model operational risk, systems safety & reliability, health risk, cyber-security risk and strategic financial planning.

    Alcea RiskMgr is a management tool for effective risk management.

    Analytica is a risk management software help to make the decision with its influence diagrams and built-in probabilistic analysis.

    APEX Analytix helps companies to recover and prevent overpayments, improve processes, ensure compliant supplier relationships, and optimize working capital.

    AQMetrics provides integrated compliance and risk management software to asset managers, investment managers and broker/dealer companies.

    Azilon Compliance Manager is a regulatory compliance management solution that helps a healthcare organization to manage the compliance documents and analyze compliance progress.

    Covers all aspects of the risk management process, ranging from initial risk identification, through risk assessment and evaluation to risk mitigation.

    Utilizing expanded data from the Commercial Financial Network (CFN) and cutting-edge technology and modeling techniques, the Commercial Insight Delinquency Score can deliver groundbreaking increases in predictiveness of risk, fuel expansion of your revenue base by approving customers that would have been rejected, reduce charge-offs for current accounts that may go delinquent.

    An easy-to-use, online compliance management solution that enables organisations of any type and size to regularly assess, save and share evidence of their compliance with and performance against specified standards and regulations. Which translates to less time and effort spent collecting and analysing compliance data , and more time implementing improvements. If your organisation is seeking to improve its compliance performance, while lowering costs at the same time, this is the software solution for you.

    CompliCheck is the compliance software that allows the users to track various statutory compliances related to labour laws

    ComplyScore offers services executed by our qualified & certified in-house experts who employ proven methodologies to effectively address the challenges of assessing and managing third party relationships.

    COSHH365 simplifies your risk assessments so you can work fearlessly.

    The Everbridge Critical Event Management Platform is built on the most secure, scalable, and reliable infrastructure with multiple layers of redundancy to provide real-time threat detection, situational awareness, integrated response, and collaboration capabilities all with a single, enterprise-wide view.

    Cura's Enterprise Risk Management (ERM) software solutions enable organizations to better manage risk and take advantage of opportunities relating to business objectives and goals. Cura provides a powerful and flexible framework for managing risk, allowing organizations to identify, analyze, evaluate and treat both risks and opportunities in order to protect the corporate brand, create value for shareholders, owners, employees, customers and regulators.

    DCDR is the ideal platform for anyone implementing a risk-led security program and looking for an ESRM software tool to support this. DCDR is fast, robust and functional and was originally built with the security risk manager in mind.

    Decision support software for everyday people - Decision Oven

    MANAGE THE RISKS OF YOUR BUSINESS AND CREATE YOUR UNIQUE DOCUMENT WITH EASE. Digirisk allows you very simply to obtain your Unique Document and to realize your legal posting.

    Operational risk management functionality built on an enterprise-wide foundation covering organizational, process, and data management functionality

    Visual Command Center enables enterprises to can gain situational awareness and risk resilience on an unprecedented scale. Through real-time threat intelligence, situational awareness, and integrated response and collaboration across the enterprise, security and risk professionals can better mitigate or eliminate the impact of critical events to their organization.

    Leading provider of risk, continuity and crisis management solutions. Integrating expert services and Exonaut® software for public, private and military sectors

    Granite Risk Management is a digital tool for modern risk management. With an easy-to-use risk management solution, risk identification and risk assessment take no time at all, and implementing corrective measures is effective. Automated reports make it easy to monitor results and deliver on set goals. With Granite Risk Management risks are easily identified and systematically assessed, and implementing corrective measures is effective.

    Nvolve helps companies manage the entire Employee Journey, including Learning, Engagement and Communication. Nvolve is ideal for the deskless workforce, including Recruitment, Food Manufacturing, Storage and Distribution, Pharmaceutical, Medical Devices and General Manufacturing companies.

    IRIS Intelligence provides award winning software and ancillary services for managing risk in the enterprise.

    iRISKTM is a risk-management platform to identify, quantify and prioritize risks and to formulate risk mitigation strategies over lifecycle (control strategy) for new or existing processes. It is built to ensure that your risk activities drive your Business Processes and are aligned with FDA, EMA GMP-Annex 15 and ICH guidelines.

    Issue Tracking Software helps to capture, track, investigate, report and analyze incidents and near-miss events, and also control operational risks, improve safety performance and sustain learning.

    Lacima is a specialist provider of software and advisory services dedicated to valuation, optimisation and risk management for global energy markets. We help you to maximise your profit potential and make more informed decisions by providing tools that yield more accurate valuations, hedging analysis and risk exposure analysis for portfolios of financial contracts and physical assets.

    LexisNexis Business Data Enrichment Suite facilitates that process. Drawing from an unparalleled reach of fresh data filtered by sophisticated analytics, you can quickly update customer profiles, fill in gaps and stay in the loop on developments that impact your risk.

    Mapistry is a mapping tool that allows scientists, civil engineers, and city planners to quickly produce elegant maps.

    NARIS GRC is a GRC platformthat connects all GRC components within the organization and enables comprehensive management reports.

    Naris GRCA is a software that connects all GRC components within clients organization. NARIS GRC® allows to create coordinated management reports with ease.

    COMPLIANCE MONITORING SOFTWARE FOR SECURITY PERSONNEL

    Oplift is a digital operations platform for non-desk workers that reduces costs and improves employee performance; through knowledge, compliance and culture. Do MORE for less. It helps you oversee and improve the performance of your entire business. This is achieved by giving you insight, helping you uncover weaknesses and actively working to resolve them through knowledge, compliance and culture. Knowledge - Grow a culture of confidence with a team who are in the know all the time. With notifications, news, comms, microlearning and gamification. Compliance - Get a 100% compliant team, Oplift lets your staff consistently capture data to give you insight into your business to make smarter decisions. Perfect for store audits, staff 1-on-1s, vehicle inspections or daily checklists. Culture - Create a winning culture with a happy and motivated team through 360 feedback, achievements, trophies and quick and easy performance reviews. Get insights across your WHOLE business Everything in Oplift compliments one another rather than working in silos so you get an ENTIRE view of your business, allowing you to see good and bad performance meaning you can act accordingly. Transform your business into an intelligent hub that knows who needs what, when and where. This ensures you run your business rather than your business running you! • 'Best use of technology' and highly recommended for 'best use of training' in employee engagement at the 2017 Engage Awards. • 'Best customer service programme'​ at the 2017 TJ Awards. • 'Overall Winners'​ & 'Technology Project of the Year'​ for the Retail Systems 2016 Awards. • 'App Design Winners'​ for the Design 100 2015 Awards. Customers have achieved results - A 10% boost in customer satisfaction/NPS scores - An 8% boost in employee product knowledge - A 100% compliant team - A 2.2% increase in sales month over month - 99% monthly usage across the ​entire workforce - Reduced the time to do audits and checklists by 80% - 65% of staff play our eLearning​ game in their own time

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