# Best Operational Risk Management Software - Page 3

*By [Lauren Worth](https://research.g2.com/insights/author/lauren-worth)*


Operational risk management software identifies, assesses, and mitigates operational risks across an organization to prevent losses stemming from human behavior, inconsistent processes, technology issues, or external events. These tools centralize risk strategies, streamline collaboration among compliance teams and department managers, and support broader governance, risk, and compliance (GRC) efforts and [enterprise risk management](https://www.g2.com/categories/enterprise-risk-management-erm) efforts.

Operational risk management solutions often integrate with systems such as [ERP systems](https://www.g2.com/categories/erp-systems), [accounting software](https://www.g2.com/categories/accounting), [IT risk management tools](https://www.g2.com/categories/it-risk-management), and [EHS software](https://www.g2.com/categories/environmental-health-and-safety), while also supporting business resilience initiatives alongside tools like [business continuity management software](https://www.g2.com/categories/business-continuity-management-software).

### Core Capabilities of Operational Risk Management Software

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

- Support methodologies, frameworks, laws, and regulations for operational risk management such as ISO 31000 and COSO
- Provide workflows to define and assign tasks related to operational risk management
- Utilize heat maps, risk scoring, scenario analysis, dynamic dashboards, and other risk assessment metrics for analysis and reporting
- Integrate and align operational risks with business processes and company policies
- Analyze operational incidents and facilitate remediation

### How Operational Risk Management Software Differs from Other Tools

Operational risk management software focuses specifically on identifying and mitigating risks tied to day-to-day operations, whereas broader [GRC platforms](https://www.g2.com/categories/grc-tools) encompass governance and compliance initiatives beyond operational processes. These tools also differ from [incident management systems](https://www.g2.com/categories/incident-management) by combining risk identification, scoring, analysis, and remediation within a unified operational context.

### Insights from G2 on Operational Risk Management Software

Based on category trends on G2, the value of centralized risk visibility, customizable workflows, and the ability to integrate risk insights across departments. These platforms also emphasize the importance of intuitive dashboards and scenario analysis capabilities that help them proactively manage and mitigate operational risks.





## Top Operational Risk Management Software at a Glance
| # | Product | Rating | Best For | What Users Say |
|---|---------|--------|----------|----------------|
| 1 | [Everbridge 360 (Critical Event Management)](https://www.g2.com/products/everbridge-360-critical-event-management/reviews) | 4.5/5.0 (342 reviews) | Geo-aware critical event response and mass notification | "[Quick to Learn, Easy to Use, Reliable Crisis Communications](https://www.g2.com/survey_responses/everbridge-360-critical-event-management-review-13060187)" |
| 2 | [Pirani](https://www.g2.com/products/pirani/reviews) | 4.6/5.0 (336 reviews) | Centralized ORM with process-risk-control traceability | "[Serfinanza ISMS](https://www.g2.com/survey_responses/pirani-review-12685513)" |
| 3 | [SAP Risk Management](https://www.g2.com/products/sap-risk-management/reviews) | 4.2/5.0 (77 reviews) | SAP-native centralized risk tracking and compliance | "[Efficient Risk Tracking, Needs UI Improvement](https://www.g2.com/survey_responses/sap-risk-management-review-12208457)" |
| 4 | [ServiceNow Governance, Risk, and Compliance (GRC)](https://www.g2.com/products/servicenow-governance-risk-and-compliance-grc/reviews) | 4.2/5.0 (105 reviews) | ServiceNow-native integrated risk and compliance workflows | "[Single platform for enterprise-wide risk visibility](https://www.g2.com/survey_responses/servicenow-governance-risk-and-compliance-grc-review-12759445)" |
| 5 | [Ncontracts](https://www.g2.com/products/ncontracts-ncontracts/reviews) | 4.7/5.0 (178 reviews) | Banking compliance and vendor risk automation | "[Simplifies Compliance with Efficient Vendor Management](https://www.g2.com/survey_responses/ncontracts-review-12212319)" |
| 6 | [GlobalSuite](https://www.g2.com/products/globalsuite/reviews) | 4.4/5.0 (103 reviews) | Centralized risk-control lifecycle with configurable matrices | "[A powerful tool for centralizing compliance, despite a slight learning curve](https://www.g2.com/survey_responses/globalsuite-review-13049397)" |
| 7 | [SAI360](https://www.g2.com/products/sai360/reviews) | 4.2/5.0 (121 reviews) | Unified risk-control-audit traceability across GRC | "[Streamlined Risk Management, Steep Learning Curve](https://www.g2.com/survey_responses/sai360-review-13104463)" |
| 8 | [IBM OpenPages](https://www.g2.com/products/ibm-openpages/reviews) | 4.2/5.0 (66 reviews) | Centralized GRC risk and compliance workflows | "[Automates Security Tasks, But Pricey](https://www.g2.com/survey_responses/ibm-openpages-review-12229480)" |
| 9 | [LogicGate Risk Cloud](https://www.g2.com/products/logicgate-risk-cloud/reviews) | 4.6/5.0 (189 reviews) | No-code GRC workflow automation and risk aggregation | "[Streamlined GRC Management with Customization Challenges](https://www.g2.com/survey_responses/logicgate-risk-cloud-review-12244168)" |
| 10 | [Resolver](https://www.g2.com/products/resolver/reviews) | 4.3/5.0 (178 reviews) | Configurable RCSA and cross-line risk workflows | "[Centralized Platform Simplifies Risk Management](https://www.g2.com/survey_responses/resolver-review-12300935)" |


## G2 Grid® for Operational Risk Management Software
![G2 Grid® for Operational Risk Management Software plotting products by satisfaction and market presence](https://www.g2.com/categories/operational-risk-management/grids.png?focus%5B%5D=339&focus%5B%5D=1217079&focus%5B%5D=955&focus%5B%5D=55255&focus%5B%5D=144618&focus%5B%5D=18054&focus%5B%5D=140475&focus%5B%5D=953)
Highlighted products: Everbridge 360 (Critical Event Management), Pirani, SAP Risk Management, ServiceNow Governance, Risk, and Compliance (GRC), Ncontracts, SAI360, GlobalSuite, and IBM OpenPages.
Underlying data: [Grid® JSON](https://www.g2.com/categories/operational-risk-management/grids.json?focus%5B%5D=everbridge-360-critical-event-management&focus%5B%5D=pirani&focus%5B%5D=sap-risk-management&focus%5B%5D=servicenow-governance-risk-and-compliance-grc&focus%5B%5D=ncontracts-ncontracts&focus%5B%5D=sai360&focus%5B%5D=globalsuite&focus%5B%5D=ibm-openpages)


## How Many Operational Risk Management Software Products Does G2 Track?
**Total Products under this Category:** 112

### Category Stats (Jul 2026)
- **Average Rating**: 4.37/5 (↓0.01 vs Jun 2026) The average rating of products in this category, based on all submitted ratings
- **Top Trending Product**: SAI360 (+0.58%) - Among all products in this category, SAI360 recorded the largest rating increase compared to last month
*Last updated: July 21, 2026*


## How Does G2 Rank Operational Risk Management Software Products?

**Why You Can Trust G2's Software Rankings:**

- 30 Analysts and Data Experts
- 3,900+ Authentic Reviews
- 112+ Products
- Unbiased Rankings

G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category.


## Which Operational Risk Management Software Is Best for Your Use Case?

- **Leader:** [Everbridge 360 (Critical Event Management)](https://www.g2.com/products/everbridge-360-critical-event-management/reviews)
- **Highest Performer:** [Aclaimant](https://www.g2.com/products/aclaimant/reviews)
- **Easiest to Use:** [Pirani](https://www.g2.com/products/pirani/reviews)
- **Top Trending:** [GlobalSuite](https://www.g2.com/products/globalsuite/reviews)
- **Best Free Software:** [Pirani](https://www.g2.com/products/pirani/reviews)


---

**Sponsored**

### VelocityEHS | EHS Software to Outpace Risk

VelocityEHS is the global leader in EHS & Sustainability software, pioneering human-centered AI to make workplaces safer, faster. Protecting over 10 million workers worldwide, the VelocityEHS Accelerate® Platform delivers AI-driven innovation across Safety, Ergonomics, Chemical Management, and Operational Risk, and offers standalone solutions for Contractor Safety & Permit to Work, Environmental Compliance, and Sustainability. With the deepest bench of certified experts, from Ph.D. AI/ML scientists to board-certified ergonomists and safety professionals, VelocityEHS ensures trusted, human-centric oversight. Recognized as a 2025 Verdantix Green Quadrant Leader and SOC 2 Type II attested, we help companies outpace risk with speed and purpose. Learn more at www.EHS.com.



[Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1443&secure%5Bchosen_at%5D=2026-07-22T12%3A36%3A25Z&secure%5Bdisplayable_resource_id%5D=1443&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=page_category&secure%5Bplacement_resource_ids%5D%5B%5D=1443&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=35429&secure%5Bresource_id%5D=1443&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=llm_category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Foperational-risk-management%3Fpage%3D13&secure%5Btoken%5D=bc6c9965f70c63199107489f812d92825e9cf762ee7ec03884e265ab8ba82483&secure%5Burl%5D=https%3A%2F%2Finfo.ehs.com%2FAccelerate-Demo_wv-offer.html&secure%5Burl_type%5D=book_demo)

---

## What Are the Top-Rated Operational Risk Management Software Products in 2026?
### 1. [Access Riliance](https://www.g2.com/products/access-riliance/reviews)
The Riliance system breaks compliance down into small manageable components making it easy to implement and control.



**Who Is the Company Behind Access Riliance?**

- **Seller:** [The Access Group](https://www.g2.com/sellers/the-access-group-c8efff47-00e5-4546-a552-82de6e4cb43b)
- **Year Founded:** 1991
- **HQ Location:** Loughborough, Leicestershire
- **Twitter:** @theaccessgroup (4,212 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/403139/ (7,362 employees on LinkedIn®)






### 2. [Acin](https://www.g2.com/products/acin-acin/reviews)
Acin has built the defining Risk Control Diagnostics platform for Operational Risk, built for leading financial institutions and backed by Fitch. ​ Trusted by JP Morgan, Credit Suisse, Standard Chartered and other pioneers to digitize and assure Operational Risk Controls in a Network across their firm and industry, so that risk controls are quantifiably complete and effective, calibrated to the market, driving efficiency and recognised ​by the regulator.​



**Who Is the Company Behind Acin?**

- **Seller:** [Acin](https://www.g2.com/sellers/acin)
- **Year Founded:** 2018
- **HQ Location:** London, GB
- **LinkedIn® Page:** http://www.linkedin.com/company/acin-ltd (257 employees on LinkedIn®)






### 3. [AI-Powered Risk Insights](https://www.g2.com/products/ai-powered-risk-insights/reviews)
Relyance AI's AI-Powered Risk Insights is a proactive solution designed to identify and address potential risks before they escalate into significant issues. By providing real-time alerts, it ensures that an organization's operational activities remain aligned with its regulatory and contractual commitments. This enables teams to prioritize urgent matters efficiently, enhancing overall risk management.



**Who Is the Company Behind AI-Powered Risk Insights?**

- **Seller:** [Relyance AI](https://www.g2.com/sellers/relyance-ai)
- **Year Founded:** 2020
- **HQ Location:** San Francisco, US
- **LinkedIn® Page:** https://www.linkedin.com/company/relyanceai/ (149 employees on LinkedIn®)






### 4. [AI Risk Monitoring](https://www.g2.com/products/ai-risk-monitoring/reviews)
Enkrypt AI's AI Monitoring and Visibility solution offers comprehensive governance for AI applications, ensuring security and compliance across your organization. By providing full visibility into AI usage—identifying who is using AI, for what purposes, and when—it enables data-driven decisions that enhance efficiency and innovation.



**Who Is the Company Behind AI Risk Monitoring?**

- **Seller:** [Enkrypt AI](https://www.g2.com/sellers/enkrypt-ai)
- **Year Founded:** 2022
- **HQ Location:** Boston, US
- **LinkedIn® Page:** https://www.linkedin.com/company/enkryptai (22 employees on LinkedIn®)






### 5. [Alcea RiskMgr](https://www.g2.com/products/alcea-riskmgr/reviews)
Alcea RiskMgr is a management tool for effective risk management.



**Who Is the Company Behind Alcea RiskMgr?**

- **Seller:** [Alcea Technologies](https://www.g2.com/sellers/alcea-technologies)
- **Year Founded:** 1997
- **HQ Location:** Ottawa, CA
- **Twitter:** @alceatracking (358 Twitter followers)
- **LinkedIn® Page:** https://ca.linkedin.com/company/alcea-technologies (10 employees on LinkedIn®)






### 6. [Azilon Risk Manager](https://www.g2.com/products/azilon-risk-manager/reviews)
Azilon Compliance Manager is a regulatory compliance management solution that helps a healthcare organization to manage the compliance documents and analyze compliance progress.



**Who Is the Company Behind Azilon Risk Manager?**

- **Seller:** [Azilon](https://www.g2.com/sellers/azilon)
- **HQ Location:** N/A
- **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®)






### 7. [Battleground Live](https://www.g2.com/products/battleground-live/reviews)
With offices in the UK, US & Australia, Battleground is the first fully integrated GRC, Resilience and Emergency Software that is modular and scalable! Battleground Live is an integrated risk, resilience, and emergency management platform for organisations that need more than compliance checkboxes. It combines a live risk register, business continuity planning, incident management, mass notification, and live exercise simulation in a single auditable system -- replacing fragmented spreadsheets and siloed tools. Built for risk, resilience, and safety teams across healthcare, financial services, government, and critical infrastructure. Backed by a consulting team that understands the regulatory and operational context behind it.



**Who Is the Company Behind Battleground Live?**

- **Seller:** [Battleground Group](https://www.g2.com/sellers/battleground-group)
- **Year Founded:** 2014
- **HQ Location:** Australia, AU
- **LinkedIn® Page:** https://www.linkedin.com/company/battleground/ (20 employees on LinkedIn®)






### 8. [Callisto ORM](https://www.g2.com/products/callisto-orm/reviews)
The application offers comprehensive ORM automation with risk and control management and assessment for RCSAs, KRIs, incident and loss reporting, and user configurable reports and dashboards. It is useful for optimizing resources by streamlining manual tasks and proactively identifying risks. Keeps pace with evolving business needs, eliminating the need for costly manual processes and helping organizations stay ahead of the curve in managing risks.



**Who Is the Company Behind Callisto ORM?**

- **Seller:** [Acies](https://www.g2.com/sellers/acies)
- **Year Founded:** 2017
- **HQ Location:** Mumbai, IN
- **LinkedIn® Page:** https://www.linkedin.com/company/acies-home (192 employees on LinkedIn®)






### 9. [CAREweb](https://www.g2.com/products/careweb/reviews)
Established in 1997, CAREweb was designed to be a comprehensive and fully integrated GRC solution. It's intended for market leaders who want to prosper for the long term while keeping their risk exposure in check. It comprises 4 main modules: CAREweb for Enterprise Risk Management (ERM), CAREweb for Operational Risk Management (ORM), CAREweb for Internal Audit (IA), and CAREweb for Compliance.



**Who Is the Company Behind CAREweb?**

- **Seller:** [Aldar International for Governance Consultancy](https://www.g2.com/sellers/aldar-international-for-governance-consultancy)
- **Year Founded:** 1997
- **HQ Location:** Amman, JO
- **LinkedIn® Page:** https://www.linkedin.com/company/careweb-uk (1 employees on LinkedIn®)






### 10. [Comensure GRC](https://www.g2.com/products/comensure-grc/reviews)
Comensure GRC is a flexible software that helps organizations perform regulatory compliance audits, assess and mitigate enterprise risks.



**Who Is the Company Behind Comensure GRC?**

- **Seller:** [Comensure](https://www.g2.com/sellers/comensure)
- **HQ Location:** Houston, US
- **LinkedIn® Page:** https://www.linkedin.com/company/comensure/ (6 employees on LinkedIn®)






### 11. [Compliance Builder](https://www.g2.com/products/compliance-builder/reviews)
Compliance Builder™ is a real-time monitoring solution designed to enable 21 CFR Part 11 compliance, providing data integrity across IT systems such as file systems, database systems, laboratory or manufacturing instruments. By generating an audit trail and enabling electronic signatures, ComplianceBuilder allows you to securely track changes across all IT subsystems including file systems, databases, laboratory or manufacturing process equipment. It can be configured to monitor any file-based system for changes, including additions, deletions, and file modifications.



**Who Is the Company Behind Compliance Builder?**

- **Seller:** [Xybion](https://www.g2.com/sellers/xybion)
- **Year Founded:** 1977
- **HQ Location:** Princeton, New Jersey
- **Twitter:** @Xybion (1,034 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/xybion-digital/ (240 employees on LinkedIn®)
- **Ownership:** TSXV: XYBN






### 12. [ControlNet](https://www.g2.com/products/controlnet/reviews)
ControlNet is an end-to-end control and risk management software system that allows organisations to manage their risk and control environments in a cost-effective and secure way, with ease.



**Who Is the Company Behind ControlNet?**

- **Seller:** [CONTROLNET LTD](https://www.g2.com/sellers/controlnet-ltd)
- **Year Founded:** 2015
- **HQ Location:** City of London, GB
- **LinkedIn® Page:** https://www.linkedin.com/company/controlnetlimiteduk/ (5 employees on LinkedIn®)






### 13. [Corizance](https://www.g2.com/products/corizance/reviews)
Corizance is an award winning risk management platform that uses AI for connected risk management. Conventional risk management requires you to have multiple applications, therefore costing you time and money to gain any insight of significance. With Corizance, you can track all forms of non-financial risk in just one place, and in real-time. Achieve true digital agility with Corizance and future-proof your operations.



**Who Is the Company Behind Corizance?**

- **Seller:** [Corizance](https://www.g2.com/sellers/corizance)
- **Year Founded:** 2018
- **HQ Location:** London, GB
- **LinkedIn® Page:** https://www.linkedin.com/company/corizance/ (9 employees on LinkedIn®)






### 14. [Cura Assessor](https://www.g2.com/products/cura-assessor/reviews)
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.



**Who Is the Company Behind Cura Assessor?**

- **Seller:** [CURA Software](https://www.g2.com/sellers/cura-software)
- **Year Founded:** 2002
- **HQ Location:** Hyderabad, IN
- **LinkedIn® Page:** https://www.linkedin.com/company/cura-software-solutions (115 employees on LinkedIn®)






### 15. [Cyrima](https://www.g2.com/products/cyrima/reviews)
Cyrima is a system for managing information security and risk. It helps organizations stay compliant with EU regulations such as NIS2, GDPR, and DORA. Integrated with Jira Cloud, it offers ready-to-use solutions for security and compliance — including predefined tasks, structured processes, and tools for systematic project risk management.



**Who Is the Company Behind Cyrima?**

- **Seller:** [SEDIVIO](https://www.g2.com/sellers/sedivio)
- **Year Founded:** 2006
- **HQ Location:** Warszawa, PL
- **LinkedIn® Page:** https://www.linkedin.com/company/sedivio/ (34 employees on LinkedIn®)






### 16. [DeepCyc – Climate Connected Probabilistic Tropical Cyclone Events](https://www.g2.com/products/deepcyc-climate-connected-probabilistic-tropical-cyclone-events/reviews)
DeepCyc is an advanced probabilistic modeling tool designed to assess tropical cyclone risks by integrating climate data and statistical analysis. It provides detailed insights into the frequency, intensity, and potential impact of tropical cyclones, enabling users to make informed decisions regarding risk management and mitigation strategies.



**Who Is the Company Behind DeepCyc – Climate Connected Probabilistic Tropical Cyclone Events?**

- **Seller:** [Reask](https://www.g2.com/sellers/reask)
- **Year Founded:** 2018
- **HQ Location:** Sydney, AU
- **LinkedIn® Page:** https://www.linkedin.com/company/reask-earth (23 employees on LinkedIn®)






### 17. [Dmaze](https://www.g2.com/products/dmaze/reviews)
UXRisk is a modern risk management solution for the global market made easily available for every kind of organisation and ensuring that all users are engaged.



**Who Is the Company Behind Dmaze?**

- **Seller:** [Dmaze](https://www.g2.com/sellers/dmaze)
- **HQ Location:** N/A
- **Twitter:** @UXRisk (69 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®)






### 18. [Early Warning Systems](https://www.g2.com/products/early-warning-systems/reviews)
Beyond Weather's Early Warning Systems are advanced solutions designed to provide timely and accurate alerts for impending weather hazards, enabling communities and organizations to take proactive measures to mitigate risks. By leveraging cutting-edge meteorological data and predictive analytics, these systems deliver critical information that helps safeguard lives and property.



**Who Is the Company Behind Early Warning Systems?**

- **Seller:** [Beyond Weather](https://www.g2.com/sellers/beyond-weather)
- **Year Founded:** 2023
- **HQ Location:** Utrecht, NL
- **LinkedIn® Page:** https://www.linkedin.com/company/beyondweather (7 employees on LinkedIn®)






### 19. [Enterprise OpRiskCenter](https://www.g2.com/products/enterprise-opriskcenter/reviews)
Operational risk management functionality built on an enterprise-wide foundation covering organizational, process, and data management functionality



**Who Is the Company Behind Enterprise OpRiskCenter?**

- **Seller:** [Centerprise Services](https://www.g2.com/sellers/centerprise-services)
- **Year Founded:** 1999
- **HQ Location:** White Plains, US
- **LinkedIn® Page:** https://www.linkedin.com/company/centerprise-services/ (12 employees on LinkedIn®)






### 20. [EQS Risks](https://www.g2.com/products/eqs-risks/reviews)
Identify potential issues early by connecting data across your organization, prioritize their mitigation, and achieve real-time insights into your risk status.



**Who Is the Company Behind EQS Risks?**

- **Seller:** [EQS Group](https://www.g2.com/sellers/eqs-group)
- **Year Founded:** 2000
- **HQ Location:** München, DE
- **Twitter:** @eqsgroup (1,430 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/eqs-group/ (633 employees on LinkedIn®)
- **Ownership:** ETR: EQS






### 21. [Experian AML Back Book Assessment (UK)](https://www.g2.com/products/experian-aml-back-book-assessment-uk/reviews)
Experian's AML Back Book Assessment is a comprehensive solution designed to help businesses efficiently verify and manage their existing customer portfolios in compliance with Anti-Money Laundering (AML) regulations. By leveraging advanced data analytics and daily updates from authoritative sources, this service enables organizations to gain a clear understanding of complex corporate structures, identify beneficial owners, and assess potential risks associated with their business clients. Key Features and Functionality: - Daily Data Updates: Integrates daily feeds from Companies House to ensure the most current information is available. - Advanced Corporate Analysis: Utilizes unique algorithms to analyze shareholder and director data, uncovering all layers of a company's structure. - Beneficial Ownership Identification: Calculates individuals with shares or voting rights of 10% or more, and incorporates Persons of Significant Control (PSC) data to identify those with control over the business. - Risk Mitigation: Screens existing business customer back books to reduce the risk of missing hidden or changing information. - Automated Checks: Provides efficient, consistent automated checks to enhance the customer experience. - AML Scoring: Establishes AML scoring to assess the risk profile of the customer portfolio in terms of geography, entity, and industry. - Regulatory Compliance Support: Assists with meeting Financial Crime Compliance regulatory requirements. Primary Value and User Solutions: The AML Back Book Assessment addresses the challenges businesses face in maintaining up-to-date and accurate information on their existing customers, particularly those with complex or opaque structures. By automating the verification process and providing detailed insights into corporate ownership and control, the service enables organizations to make informed, risk-based decisions quickly and confidently. This not only ensures compliance with AML regulations but also enhances operational efficiency and customer satisfaction by reducing delays and manual intervention.



**Who Is the Company Behind Experian AML Back Book Assessment (UK)?**

- **Seller:** [Experian](https://www.g2.com/sellers/experian)
- **Year Founded:** 1826
- **HQ Location:** Dublin, Ireland
- **Twitter:** @Experian_US (38,771 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/experian (26,191 employees on LinkedIn®)
- **Ownership:** LSE: EXPNL






### 22. [Experian FRAML Score (UK)](https://www.g2.com/products/experian-framl-score-uk/reviews)
Experian's FRAML Score is an innovative solution designed to enhance the detection and prevention of financial crime by integrating fraud detection and Anti-Money Laundering (AML) processes. By leveraging analytical insights from key data sources, the FRAML Score aids both AML and fraud teams in identifying suspicious activities and managing risks throughout the customer journey. Key Features and Functionality: - Data-Driven Analysis: Utilizes variations of AML Flags, including Adverse Markers and Cashflow Profiles, to assess potential risks associated with businesses. - Customizable Risk Assessment: Allows organizations to set customizable cut-off scores based on their specific risk appetite, facilitating tailored risk management strategies. - Integration with Existing Processes: Can be seamlessly incorporated into existing workflows, enhancing Know Your Business (KYB) processes and compliance measures. - Bespoke Analytics Engagement: Offers the option for a tailored model built upon an organization's own data, providing personalized insights and risk assessments. Primary Value and User Solutions: The FRAML Score empowers organizations to quickly and accurately identify risks, reduce false positives, and automate manual processes, thereby enhancing customer experience while ensuring regulatory compliance. By combining fraud and AML best practices, it provides a comprehensive understanding of commercial customers and the individuals behind businesses, enabling proactive risk management and the early detection of suspicious behavior.



**Who Is the Company Behind Experian FRAML Score (UK)?**

- **Seller:** [Experian](https://www.g2.com/sellers/experian)
- **Year Founded:** 1826
- **HQ Location:** Dublin, Ireland
- **Twitter:** @Experian_US (38,771 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/experian (26,191 employees on LinkedIn®)
- **Ownership:** LSE: EXPNL






### 23. [GOAT Risk](https://www.g2.com/products/goat-risk/reviews)
GOAT Risk™ is an award-winning, low cost, cloud-based platform that makes risk management simple, fast, and effective. Designed for organisations of all sizes, GOAT replaces outdated spreadsheets with a dynamic, easy-to-use solution - perfect for both risk experts and non-experts alike. With a powerful yet intuitive interface, you can streamline risk management and assurance activities in a single source of the truth. There's no setup or installation costs. And no minimum term. Just an effective, low-cost risk management solution starting from £30 per month. With fast collaboration, powerful 1-click reporting, and a great user experience, GOAT drives accountability and ownership, saving you time and effort. Highly configurable for a huge variety of use cases, GOAT helps you stay ahead.



**Who Is the Company Behind GOAT Risk?**

- **Seller:** [Goat Risk Solutions Limited](https://www.g2.com/sellers/goat-risk-solutions-limited)
- **Year Founded:** 2018
- **HQ Location:** Gerrards Cross, GB
- **LinkedIn® Page:** https://www.linkedin.com/company/18949403 (3 employees on LinkedIn®)






### 24. [Granite Risk Management](https://www.g2.com/products/granite-partners-ltd-granite-risk-management/reviews)
Granite Risk Management is a low cost and customisable risk management software. Granite Risk Management comes with ready-made risk management templates, adaptable workflows, automated action tracking and incident reporting. With Granite users can connect data-led risk metrics with stakeholders, manage performance and share risk and control data across the enterprise and between divisions.



**Who Is the Company Behind Granite Risk Management?**

- **Seller:** [Granite Partners Ltd.](https://www.g2.com/sellers/granite-partners-ltd)
- **Year Founded:** 2005
- **HQ Location:** Tampere, FI
- **LinkedIn® Page:** https://www.linkedin.com/company/2230136 (27 employees on LinkedIn®)






### 25. [Haz360](https://www.g2.com/products/haz360/reviews)
Haz360 is a cloud based Integrated PHA software for owners with multiple assets. Key benefits of Haz360 are: 1. Cost Savings (due to reduction of cost of a catastrophic event or a regulatory fine) 2. Increased efficiency (due to automation, reduced manual errors, improved collaboration, traceability - typically can cut preparation time by 70%) 3. Better Knowledge capture (when experienced engineers retire, their "tribal knowledge" walks out the door. Our software captures this knowledge, preventing the company from repeating past mistakes. We can implement AI/ML to assist training Junior engineers - Other challenge is Gen Zs are not very keen to work in a factory environment) 4. 100% Ownership of Client Data (Clients can host the Data and Application anywhere their IT team prefer). We have separated the application and data completely for better Data Security. Clients can confidently upload their P&ID, SIF, Alarms, SIS and others for continuity from Pre-FEED to FEED to EPC to Commissioning to Operations & Maintenance as a Single Source of Knowledge. 5. Flexible Customization without Programming (easy to implement in hours instead of months with readily available standard templates as well as can create new ones). Haz360 is fully integrated with PHA (HAZOP), SIL Classification, SIL Verification, Bowtie Barrier Management, Safety Critical Elements, Action Closeout, Management of Change Workflow, Incident Reporting, Alarm Rationalization and more.



**Who Is the Company Behind Haz360?**

- **Seller:** [IRESC ](https://www.g2.com/sellers/iresc)
- **Year Founded:** 2012
- **HQ Location:** Hong Kong, HK
- **LinkedIn® Page:** https://www.linkedin.com/company/iresc/ (54 employees on LinkedIn®)







## What Is Operational Risk Management Software?

[Governance, Risk & Compliance Software](https://www.g2.com/categories/governance-risk-compliance)

## What Software Categories Are Similar to Operational Risk Management Software?

- [Audit Management Software](https://www.g2.com/categories/audit-management)
- [Regulatory Change Management Software](https://www.g2.com/categories/regulatory-change-management)
- [IT Risk Management Software](https://www.g2.com/categories/it-risk-management)
- [Third Party & Supplier Risk Management Software](https://www.g2.com/categories/third-party-supplier-risk-management)
- [Business Continuity Management Software](https://www.g2.com/categories/business-continuity-management-software)
- [Policy Management Software](https://www.g2.com/categories/policy-management)
- [Enterprise Risk Management (ERM) Software](https://www.g2.com/categories/enterprise-risk-management-erm)


---

## How Do You Choose the Right Operational Risk Management Software?

### What You Should Know About Operational Risk Management Software

### Operational Risk Management Software: Analyst Takeaways from G2’s Review Data

After reviewing thousands of G2 user reviews on operational risk management software, I’ve seen how companies, like utility and financial service providers, rely on these platforms as a central hub for systematically identifying, accessing, and managing risk data related to their daily operations. 

Operational Risk Management software is used by a wide range of organizations, from [startups](https://www.g2.com/categories/operational-risk-management/small-business) to large [corporations](https://www.g2.com/categories/operational-risk-management/enterprise), looking to improve decision-making by providing real-time data and insights. These solutions offer ways to support regulatory compliance and offer better resource allocations, ultimately helping to protect your organization from financial and reputational losses. 

### What I Often See in Operational Risk Management Software Feedback

#### Pros: What Users Consistently Appreciate

- **User-friendly:** Many users emphasize how intuitive these platforms are, especially for non-technical team members.

_“The best part of the Fusion Framework System is that it allows companies to have one place to learn, prepare, and respond appropriately to any enterprise risk a company may face. It allows flexibility in specific areas to accomplish business objectives. We store site information, department, function processes, key contacts, and other critical business information. It is intuitive and easy to use.”_ - [Gregory D. Fusion Framework Systems Review](https://www.g2.com/products/fusion-framework-system/reviews/fusion-framework-system-review-10845186)

- **Robust risk management features:** From customizable risk libraries to impact scoring, users value the depth and flexibility of built-in modules.

_“It has the ability to monitor the key indicators and record the internal incidents in our organisation making all the activities run as planned. It has reporting and workflow features which stands out to be more valuable to our organisation. Its interface is very intuitive and is very user friendly enabling the team member to work as required.”_ - [Lian K. IBM OpenPages Review](https://www.g2.com/products/ibm-openpages/reviews/ibm-openpages-review-10596509)

- **Helpful Customer Support:** Most users reported strong customer support by offers repeated positive feedback about the customer service

_“The best part of Strike Graph though is the team behind it. I had the pleasure of working with two Customer Success team members and they were both amazing. Stephanie Lorraine, in particular, made the process so much easier than i thought it was going to be. When i started our company's SOC certification journey...it was daunting to say the least. Stephanie expertly guided me on what to focus on, what was necessary, and the best way to work my way forward. Our company wouldn't be SOC certified now if it wasn't for Stephanie's above-and-beyond support. I can't thank her enough!” -_ [Ben C. Strike Graph Review ](https://www.g2.com/products/strike-graph/reviews/strike-graph-review-9801193)

#### Cons: Where Many Platforms Fall Short

- **Steep learning curve for advanced features:** While basic use is straightforward, power users often face a learning curve when configuring complex workflows.

_“There is a limitation in customization. The learning curve can be steep for new users unfamiliar with logic and formal proofs, making the tool less accessible to beginners.”_ - [Sagar U. Hyperproof Review](https://www.g2.com/products/hyperproof/reviews/hyperproof-review-9772005)

- **Reporting limitations:** Several reviewers call out the need for more granular, on-demand report customization and better scheduling options.

_“About what I find hard is tracking changes over time because there is not enough documentation. Regarding the customization options, while they are beneficial, they sometimes come with added support and informing the administrators of their capabilities.” -_ [Agile A. Fusion Framework Systems Review](https://www.g2.com/products/fusion-framework-system/reviews/fusion-framework-system-review-9751454)

- **Occasional performance slowdowns:** A handful of users report lag when processing large data sets or running bulk imports.

“_Everything is good but it is hell slow sometimes requiring more space and RAM. This will make it more time consuming. Sometimes it is also got hanged and delayed response. Transactions respond delayed sometimes._” - Yash S. SAP Risk Management Review

### My Expert Takeaway on Operational Risk Management Software in 2025

I’ve noticed that high-performing teams invest in a dedicated “risk champion” to fully harness advanced capabilities, like designing custom dashboards, automating alerts, and integrating with other GRC systems. In industries experiencing rapid change (e.g., fintech and healthcare), these users have quoted that they _“achieve a 20% faster incident response time and report a higher ROI”_.

On average, Operational Risk Management platforms earn a **4.6-star rating out of 5, with an average ease-of-use score of 6.3 (on a 1–7 scale) and quality of support at 6.6**, underscoring strong vendor engagement. Users also give an average of 9.2 out of 10 on the likelihood to recommend.

Organizations that pair these tools with a clear risk governance framework and ongoing training see the greatest value. The combination of a user-friendly design, robust feature set, and proactive change management transforms Operational Risk Management from a compliance exercise into a strategic advantage.

[Brittany Guntang](https://learn.g2.com/author/brittany-guntang)

**Last updated on May 19, 2025**