Risk Ledger Pros and Cons: Top 5 Advantages and Disadvantages

Quick AI Summary Based on G2 Reviews

Generated from real user reviews

Users find Risk Ledger's ease of use exceptional, noting its intuitive interface and quick navigation. (18 mentions)

Users find Risk Ledger's centralized risk management effective in simplifying and enhancing supply chain security processes. (15 mentions)

Users value the time-saving capabilities of Risk Ledger, enhancing efficiency in risk assessment and supplier onboarding. (13 mentions)

Users value the efficiency of Risk Ledger, highlighting streamlined onboarding and risk assessment through a centralized platform. (10 mentions)

Users value the strong security measures of Risk Ledger, enhancing transparency and managing third-party cyber risks effectively. (10 mentions)

Users find the setup to be complex, particularly non-tech individuals struggle with the interface and onboarding process. (4 mentions)

Users find the onboarding process clunky, making it challenging for non-tech individuals to adapt smoothly. (4 mentions)

Users find the difficult setup of Risk Ledger time-consuming, making initial use challenging for non-tech-savvy individuals. (3 mentions)

Users find the poor interface design can slow navigation and complicate the initial setup process. (3 mentions)

Users find the time-consuming setup process challenging, often leading to frustration and inefficiency during initial use. (3 mentions)

5 Pros or Advantages of Risk Ledger

1. Ease of Use

Users find Risk Ledger's ease of use exceptional, noting its intuitive interface and quick navigation.

See 18 mentions

See Related User Reviews

Seid H.

Mid-Market (51-1000 emp.)

4.5/5

"Efficient and Transparent Third-Party Cyber Risk Management"

What do you like about Risk Ledger?

Risk Ledger provides a simple, centralized way to manage third-party cyber risk. I like that suppliers can share security information once, reducing d

brix a.

Small-Business (50 or fewer emp.)

5.0/5

"Revolutionizes Supplier Security with Effortless Due Diligence"

What do you like about Risk Ledger?

Instead of every company sending long questionnaires back and forth, suppliers create a single, reusable security profile that all their clients can v

2. Risk Management

Users find Risk Ledger's centralized risk management effective in simplifying and enhancing supply chain security processes.

See 15 mentions

See Related User Reviews

Seid H.

Mid-Market (51-1000 emp.)

4.5/5

"Efficient and Transparent Third-Party Cyber Risk Management"

What do you like about Risk Ledger?

Risk Ledger provides a simple, centralized way to manage third-party cyber risk. I like that suppliers can share security information once, reducing d

Verified User

Mid-Market (51-1000 emp.)

5.0/5

"Streamlined Third-Party Due Diligence with Risk Ledger"

What do you like about Risk Ledger?

Risk Ledger has become an essential tool in our third-party due diligence process. It simplifies supplier onboarding and risk assessment by providing

3. Time-saving

Users value the time-saving capabilities of Risk Ledger, enhancing efficiency in risk assessment and supplier onboarding.

See 13 mentions

See Related User Reviews

Verified User

Mid-Market (51-1000 emp.)

5.0/5

"Streamlined Third-Party Due Diligence with Risk Ledger"

What do you like about Risk Ledger?

Risk Ledger has become an essential tool in our third-party due diligence process. It simplifies supplier onboarding and risk assessment by providing

Abnet Tsegaye B.

Mid-Market (51-1000 emp.)

4.0/5

"Risk Ledger"

What do you like about Risk Ledger?

What is most helpful about Risk Ledger is that it offers compliance templates and automated workflows for risk assessments. Additionally, it has a con

4. Efficiency

Users value the efficiency of Risk Ledger, highlighting streamlined onboarding and risk assessment through a centralized platform.

See 10 mentions

See Related User Reviews

brix a.

Small-Business (50 or fewer emp.)

5.0/5

"Revolutionizes Supplier Security with Effortless Due Diligence"

What do you like about Risk Ledger?

Instead of every company sending long questionnaires back and forth, suppliers create a single, reusable security profile that all their clients can v

Verified User

Mid-Market (51-1000 emp.)

5.0/5

"Streamlined Third-Party Due Diligence with Risk Ledger"

What do you like about Risk Ledger?

Risk Ledger has become an essential tool in our third-party due diligence process. It simplifies supplier onboarding and risk assessment by providing

5. Security

Users value the strong security measures of Risk Ledger, enhancing transparency and managing third-party cyber risks effectively.

See 10 mentions

See Related User Reviews

Seid H.

Mid-Market (51-1000 emp.)

4.5/5

"Efficient and Transparent Third-Party Cyber Risk Management"

What do you like about Risk Ledger?

Risk Ledger provides a simple, centralized way to manage third-party cyber risk. I like that suppliers can share security information once, reducing d

brix a.

Small-Business (50 or fewer emp.)

5.0/5

"Revolutionizes Supplier Security with Effortless Due Diligence"

What do you like about Risk Ledger?

Instead of every company sending long questionnaires back and forth, suppliers create a single, reusable security profile that all their clients can v

5 Cons or Disadvantages of Risk Ledger

1. Complex Setup

Users find the setup to be complex, particularly non-tech individuals struggle with the interface and onboarding process.

See 4 mentions

See Related User Reviews

Verified User

Mid-Market (51-1000 emp.)

5.0/5

"Streamlined Third-Party Due Diligence with Risk Ledger"

What do you dislike about Risk Ledger?

Some suppliers may need guidance during initial setup

Sanskar S.

Mid-Market (51-1000 emp.)

5.0/5

"Supply chain security best tool"

What do you dislike about Risk Ledger?

In my opinion, it does not have any dislikes. Sometimes it feels difficult to use, being a non-tech guy, that's it. Apart from that, it's a really goo

2. Onboarding Difficulties

Users find the onboarding process clunky, making it challenging for non-tech individuals to adapt smoothly.

See 4 mentions

See Related User Reviews

Sanskar S.

Mid-Market (51-1000 emp.)

5.0/5

"Supply chain security best tool"

What do you dislike about Risk Ledger?

In my opinion, it does not have any dislikes. Sometimes it feels difficult to use, being a non-tech guy, that's it. Apart from that, it's a really goo

Olu A.

Mid-Market (51-1000 emp.)

3.5/5

"Game changer"

What do you dislike about Risk Ledger?

the onboarding process can be a bit clunky, and it takes some time to get used to the interface. I've also noticed that the platform can be a bit slow

3. Difficult Setup

Users find the difficult setup of Risk Ledger time-consuming, making initial use challenging for non-tech-savvy individuals.

See 3 mentions

See Related User Reviews

Seid H.

Mid-Market (51-1000 emp.)

4.5/5

"Efficient and Transparent Third-Party Cyber Risk Management"

What do you dislike about Risk Ledger?

Some aspects of the platform can feel time-consuming to set up initially, and the user interface occasionally feels less intuitive, making navigation

Sanskar S.

Mid-Market (51-1000 emp.)

5.0/5

"Supply chain security best tool"

What do you dislike about Risk Ledger?

In my opinion, it does not have any dislikes. Sometimes it feels difficult to use, being a non-tech guy, that's it. Apart from that, it's a really goo

4. Poor Interface Design

Users find the poor interface design can slow navigation and complicate the initial setup process.

See 3 mentions

See Related User Reviews

Seid H.

Mid-Market (51-1000 emp.)

4.5/5

"Efficient and Transparent Third-Party Cyber Risk Management"

What do you dislike about Risk Ledger?

Some aspects of the platform can feel time-consuming to set up initially, and the user interface occasionally feels less intuitive, making navigation

Alex C.

Mid-Market (51-1000 emp.)

4.5/5

"Fantastic time saver, truly hope to see the day Risk Ledger unifies the supplier management space."

What do you dislike about Risk Ledger?

It's a struggle to think of anything, my only gripe would be some minor improvements in the UI that could be tidied up.

5. Time Consumption

Users find the time-consuming setup process challenging, often leading to frustration and inefficiency during initial use.

See 3 mentions

See Related User Reviews

Seid H.

Mid-Market (51-1000 emp.)

4.5/5

"Efficient and Transparent Third-Party Cyber Risk Management"

What do you dislike about Risk Ledger?

Some aspects of the platform can feel time-consuming to set up initially, and the user interface occasionally feels less intuitive, making navigation

Anthony R.

Mid-Market (51-1000 emp.)

4.0/5

"A fantastic way to manage your security profile and share it with customers and suppliers"

What do you dislike about Risk Ledger?

If you don't have an existing assessment that you can upload it takes about 3-4 hours to complete the profile, this is a lot of time to spend and it w

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Mark C.

Director

Small-Business (50 or fewer emp.)

2/7/2025

"No consideration for smaller companies."

2.5/5

What do you like best about Risk Ledger?

I like the idea in the way I like the idea of CHAS, Achilles, etc. The idea to make it easier to work with clients and not be required to go through all of their checks. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

There NEEDS to be consideration given to smaller companies. CHAS, Achilles etc are all the same. Small companies do not have the time, people and resources to spend time populating website after website, all asking for the same information, most of which are not relevant to small companies. Review collected by and hosted on G2.com.

Duncan M.

Business Development Manager

Mid-Market (51-1000 emp.)

3/17/2025

"Providing the information once and sharing with multiple customers is saving a large amount of time."

4/5

What do you like best about Risk Ledger?

central storage of our company information means it's accurate and available to all in a fast and easy way Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

the downside for us is that using risk ledger takes away some of the personal contact with our customer base which is generally seen as a good way to improve our relationship and expand our reputation / relationships. Review collected by and hosted on G2.com.

Verified User in Computer & Network Security

Mid-Market (51-1000 emp.)

6/30/2025

"Great very helpful"

5/5

What do you like best about Risk Ledger?

Streamlined Supplier Assessments, Elimination of Manual Spreadsheets, Compliance Monitoring and Alerts, Centralised Risk Visibility Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

No audit service on documents added, we still have to manually check what has been attached Review collected by and hosted on G2.com.

Vincent L.

Information Assurance Manager

Enterprise (> 1000 emp.)

11/15/2024

"Great platform with a great future"

4.5/5

What do you like best about Risk Ledger?

The concept is an excellent take on how social media has become such a big aspect of personal life and business relationships. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

The ability to detect threats before they happen is probably an impossible mission at the moment with limitations of technology and barriers (for example: legal) but it would be great to get to a point where threats are detected, reported and logged before the media exposes these details to effectively produce an appropriate response. Review collected by and hosted on G2.com.

What problems is Risk Ledger solving and how is that benefiting you?

An overview of our current supplier list, community pressure and capturing evidence are all benefits to using the system. It can assist with reducing pressure on our resources where chasing for documentation and answers to certain questions of topics such as E.S.G and security can lead to staff being tied down, drawing them away from other commitments. Review collected by and hosted on G2.com.

David J.

Bid Manager

Small-Business (50 or fewer emp.)

1/7/2025

"Interesting, powerful and versatile tool/system for managing security and risks"

4.5/5

What do you like best about Risk Ledger?

Comprehensive system for recording and sharing relevant security information with clients, etc. Easy to use and understand, I was quickly able to find the information I needed. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

At this stage I have not encountered any downsides Review collected by and hosted on G2.com.

Response from Tom Baker of Risk Ledger

edit

Thanks for your review, David! Great to hear you’re finding Risk Ledger comprehensive and easy to use. If you ever do come across any areas for improvement, we’d love to hear your thoughts!

Mark B.

ISM

Enterprise (> 1000 emp.)

5/15/2025

"a useful tool"

3.5/5

What do you like best about Risk Ledger?

the interface is easy to use and very easy on the eye Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

nothing to date but I am very new to the tool Review collected by and hosted on G2.com.

Verified User in Government Administration

Enterprise (> 1000 emp.)

2/20/2025

"Supply Chain Management"

5/5

What do you like best about Risk Ledger?

The ability to quickly see what risks each of our critical supplies poses is invaluable. Getting responses about emerging threats and how our main suppliers are dealing with issues is also great.

Supply Chain Management is a key element of Home Office and Government frameworks and RIsk Ledger is really a game changer for us. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

Some suppliers have been a little reluctant to provide some details. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services

Mid-Market (51-1000 emp.)

11/28/2024

"Easy for the client, a very time consuming exercise for the supplier"

1/5

What do you like best about Risk Ledger?

- Operates smoothly and reliably.

- Clear formulation of questions and requirements Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

As a supplier who had to undergo a comprehensive procurement prequalification and signed up to a detailed and onerous SLA, having to complete the Risk Ledger AFTER contract award is a big imposition. Many of the questions asked replicate what had already been asked during the tender process, yet still required careful rephrasing, yet more detail etc.

The second reproach is that ISO 27001 already covers large sections of what is asked in RL, which begs the question why a supplier is forced to do everything twice. Review collected by and hosted on G2.com.

Adam L.

Group Head of Compliance

Mid-Market (51-1000 emp.)

10/2/2024

"Straightforward to use"

3.5/5

What do you like best about Risk Ledger?

As a contractor completing forms on Risk Ledger, I’ve found the platform straightforward to use. It’s easy to input the required information, and the layout is intuitive, so I didn’t have much trouble navigating the system. The clear prompts help ensure I provide the correct details, which makes the whole process smoother.

However, some of the forms can be quite detailed, and it can take a while to fill everything out, especially if multiple compliance areas are involved. Overall, it’s a helpful platform that makes submitting risk information easier, though it can be time-consuming depending on the complexity of the requirements. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

Straightforward to use, simple GUI and the data is clear. Review collected by and hosted on G2.com.

Response from Tom Baker of Risk Ledger

edit

Thank you, we appreciate your detailed feedback! We’re glad to hear that you find Risk Ledger straightforward to use, with an intuitive layout and helpful prompts that make form completion smoother. We understand that some forms can be detailed and time-consuming, especially when dealing with multiple compliance areas. Your note on this is appreciated as we strive to balance thoroughness with efficiency. It's great to know Risk Ledger is supporting your efforts to tender across multiple customers using a single platform.

Verified User in Airlines/Aviation

Enterprise (> 1000 emp.)

11/7/2024

"Simple, easy to use Risk Management tool"

4.5/5

What do you like best about Risk Ledger?

The Risk Ledger Platform is easy to use. The support we've received from our account manager has been really helpful to ensure good implementation. I really like the emerging threats feature as it allows us to easily monitor if any of our suppliers have been affected by the threat. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

It would be useful to have the ability to change or adapt some of the assessment questions to cater to some of your organisational needs. Review collected by and hosted on G2.com.

Response from Tom Baker of Risk Ledger

edit

Thank you for your feedback! We’re glad to hear you find our platform user-friendly and appreciate our support and emerging threats feature. We’re always looking to improve, so your suggestion about customisable assessment questions is valuable to us. Thanks again for being a customer, sharing your thoughts and helping us build on the platform.