Essential ERM Reviews & Product Details

A must-have tool for risk managers to obtain a clear view of their risks.

I found their interface intuitive to navigate through. Risks were easy to set up and link with others, creating a principal risk and risk scenario hierarchy. There was no need to build complex procedures and coding.

On rare occasions I was stuck, their support team was prompt in solving the issue.

Our initial setup should take about a month and we plan to use it once a month post that. Review collected by and hosted on G2.com.

It does not support file uploads. We would like to upload some documents in addition to KRIs and are using Microsoft Sharepoint links as a workaround. Review collected by and hosted on G2.com.

We have been using the Essential ERM program for about a year now, and I can confidently say it’s a really good tool for risk management. The user-friendly interface makes it easy for both beginners and seasoned professionals to navigate, while the wide range of functionalities makes it a powerful asset in managing risks.

One of the standout features is its ability to create strong connections between various risk-related objects such as risks, causes, consequences, mitigation strategies, actions, key risk indicators (KRIs), subrisks, and more. This interconnected approach provides a comprehensive view of risk management, which is essential for ensuring nothing slips through the cracks.

The implementation process was very quick and easy, almost like setting up a subscription. It required minimal effort to get started, which allowed us to begin using the system right away.

I also want to highlight the outstanding support team behind Essential ERM. They respond quickly, offer effective solutions, and provide useful advice. Their proactive and efficient problem-solving has made our experience even more seamless.

Overall, Essential ERM is an indispensable tool that combines wide functionality, ease of use, and excellent customer support. Highly recommended for anyone looking to enhance their risk management processes! Review collected by and hosted on G2.com.

One area where Essential ERM could improve is in the availability of dashboards for action plans. While the system does allow for monitoring of action plans, there currently isn’t a dedicated dashboard specifically for this purpose. Having a separate, easily accessible dashboard focused solely on tracking and visualizing the progress of action plans would enhance the user experience and make it easier to stay on top of mitigation efforts. Review collected by and hosted on G2.com.

Essential ERM is easy to use, can be scaled quickly. This tool will improve business buy in to your Risk program. The team at Essential ERM are very helpful, open to suggestions regarding improvements and constantly adding to the functionality of the tool. Review collected by and hosted on G2.com.

Any issues I have with Essential ERM, I contact the team at Essential ERM and they are happy to work with me to solve the issue. Review collected by and hosted on G2.com.

Constant updates that are made available to users and how relatable it is to what I need on a daily basis. Review collected by and hosted on G2.com.

Not being able to get a lot more granular when rating control effectiveness. Review collected by and hosted on G2.com.

Essential ERM is an excellent tool that enables us to engage our business unit leaders effectively, seamlessly aligning our enterprise risks with our strategic objectives. It is an easy-to-use, easy-setup, and flexible system with excellent customer service. The visualization capabilities and clear, comprehensive dashboards make monitoring and managing risks straightforward. Review collected by and hosted on G2.com.

It is just my personal preference for the future, but possible integration with Power BI to automate reporting would be a valuable enhancement. However, the system does provide comprehensive data analysis itself. Review collected by and hosted on G2.com.

Essential ERM is very easy to set up and navigate. It delivers all product essesntials for risk management.

Risks can be managed clearly with the flexibility of configuring what you need to access and view.

The customer service of their team is fantastic. They respond quickly and communicate clearly. Review collected by and hosted on G2.com.

Nothing! The product suits the need of the business. Review collected by and hosted on G2.com.

A combination of the ease of use and the amazing customer service! Review collected by and hosted on G2.com.

For a not-for-profit entity, the price point is a little intimidating. Review collected by and hosted on G2.com.

Essential ERM provides a single view of the risks in real time and links to risk appetite and strategies. The indicators are easy to track and monitor. The workflows and other functionalities improve decision making and collaboration. It can be implemented in a very short time (2-6 weeks) even without IT implementation experience and their team is prompt and responsive. Its a must have as risk assessments should be dynamic and risk data are quickly changing. An entity can use every day to know whats top of mind or emerging risks and escalations that must responded to. Review collected by and hosted on G2.com.

Essential ERM has out of the box reports and has initiatives to expand for customizations. Review collected by and hosted on G2.com.

Easy to follow, easy to set up and intuitive work flow. The results show exactly what we want to know about current risks. Increadible support available anytime we have a question or need a refresher. Review collected by and hosted on G2.com.

Sometimes the system has bugs and slow loading but it's very quickly addressed and issues fixed. Review collected by and hosted on G2.com.

I've found it easy to use, and good for both small and large organizations. Small organizations are not in any way burdened by the product depth, which I think is great design. In the meantime it is logical and straightforward to follow. I particularly like that it provides you with the ability to not get trapped in way too many risks, which in my experience is the killer of many ERM initiatives. I like the feature of linking strategy and risks should you choose to. I especially like the way you can link the risks into your annual work plans, which really helps to make the ERM a living document, rather that a once a year, otherwise untouched, exercise. Review collected by and hosted on G2.com.

I truly don't have downsides. It's the best choice I've seen. The pricing is great - particularly for not-for-profits. The site is reliable and support response has been great. Review collected by and hosted on G2.com.