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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Derek B.

Manager of Infrastructure and Security

Mid-Market (51-1000 emp.)

10/17/2024

"Impressed as a first-time user"

4.5/5

What do you like best about Risk Ledger?

Suggestions generated based on documentation loaded prior to beginning questionnaire Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

Seemingly redundant questions (could be due to due to the client rather than the platform) Review collected by and hosted on G2.com.

Response from Tom Baker of Risk Ledger

edit

Thank you for your feedback. We are pleased that you find the document-based suggestions useful as you complete the questionnaire – enhancing user efficiency is a key priority for us. We also appreciate your observation regarding potentially redundant questions, which can sometimes be influenced by client-specific requirements. We will continue to seek improvements in this area. It's great to hear that Risk Ledger is assisting you in managing due diligence requests from prospective clients.

Verified User in Information Technology and Services

Enterprise (> 1000 emp.)

1/3/2025

"Easy to use way to answer supplier questionnaires and risk assessments"

4.5/5

What do you like best about Risk Ledger?

Risk Ledger is a practical tool for managing supply chain security and third-party risks. It simplifies the process by connecting companies and suppliers on one platform, making risk assessments easier to handle. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

Risk Ledger is heavily depends on network participation. If your suppliers or partners aren’t already on the platform, you’re left doing a lot of extra legwork to get them involved. Review collected by and hosted on G2.com.

Response from Tom Baker of Risk Ledger

edit

Thanks for your review! Great to hear that Risk Ledger is making risk assessments easier for you. We understand that network participation is key, and we're always working to expand our ecosystem to make onboarding suppliers as seamless as possible. Appreciate the feedback!

Verified User in Electrical/Electronic Manufacturing

Mid-Market (51-1000 emp.)

1/6/2025

"Risk Ledger - Completing the assessment"

5/5

What do you like best about Risk Ledger?

Sensible questions, yes or no answers, easy to drag and drop attachments for evidence. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

As assessments go, this was one of the most painless. Review collected by and hosted on G2.com.

Response from Tom Baker of Risk Ledger

edit

Thanks for your review! Glad to hear you found the assessment process straightforward and hasslefree. We’ll keep working to make it as smooth as possible!

Verified User in Public Safety

Enterprise (> 1000 emp.)

11/12/2024

"Great tool, that has transformed the way we cyber assess suppliers"

4.5/5

What do you like best about Risk Ledger?

Easy to use and maintain cyber assessment tool, lots of great features including dashboards, reports, supplier discussions and notifications. Little push back from suppliers to complete assessments. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

Took a little while to migrate suppliers from previous process, though this would be the case with any tool. Review collected by and hosted on G2.com.

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

Allowed us to move away from manual processes, evidence and assessment questions can be updated by the supplier with or without prompt from us. Questions around software vulnerabilities such as CrowdStrike were automatically sent to our suppliers for response at the time of the incidents. Review collected by and hosted on G2.com.

Dianne H.

Head of Compliance

Small-Business (50 or fewer emp.)

10/2/2024

"Enables a proactive stance"

4/5

What do you like best about Risk Ledger?

We can supply the link to prospective clients to fasten the procurement process for DPIA's Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

Its quite large but thats offset by it covers everything Review collected by and hosted on G2.com.

Response from Tom Baker of Risk Ledger

edit

Thank you for your feedback. We are pleased to hear that Risk Ledger facilitates a more efficient procurement process for DPIAs by allowing you to share a link with prospective clients. While we understand that the platform's extensive features may feel substantial, it is reassuring to know that you appreciate its comprehensive coverage. We're glad to support your proactive approach and help streamline procurement timelines.

Darren P.

Co-Founder

Small-Business (50 or fewer emp.)

7/26/2024

"Flawless UX in my exp., captures ALL needs, high-value that I can track instantly across all areas."

5/5

What do you like best about Risk Ledger?

The super-efficient and swift responses per the UX. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

Frankly (and 100%) sincerely as a first time user; None. Although it can seem daunting initially upon first landing, once one familiarizes oneself with the UX, THEN, speed can be applied, that hugely works for my multi-tasking in real-time, it fits my flow and mind for work. Kudos. Best, DP Review collected by and hosted on G2.com.

Response from Tom Baker of Risk Ledger

edit

Thank you so much for your kind words! We’re thrilled to hear that Risk Ledger’s UX works well for your multitasking and fits into your workflow. We totally get that it can feel a bit daunting at first, but we're so glad you found your flow with it. Your feedback really means a lot – thank you for taking the time to share! 😊

Verified User in Public Safety

Small-Business (50 or fewer emp.)

12/10/2024

"very poor and cumbersome"

0/5

What do you like best about Risk Ledger?

not found anything yet, i dont even know or understand what my primary role is! Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

unnecessary bureaucracy barrier to engagement Review collected by and hosted on G2.com.

Response from Tom Baker of Risk Ledger

edit

Thank you for your feedback and we are sorry to hear you are not sure on how to get started with Risk Ledger - if you would provide further details to our team at Support@riskledger.com we are keen to help you get started on the platform and to understand further why you've been invited to the platform, we look forward to hearing from you.

Verified User in Computer Software

Small-Business (50 or fewer emp.)

11/21/2024

"Reduces the complexity to get review and get the job done"

4.5/5

What do you like best about Risk Ledger?

UI is clean, easy to navigate. Asessments are also very efficient Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

ability to manually add custom features, such as unique questions or functionalities Review collected by and hosted on G2.com.

Verified User in Computer Software

Small-Business (50 or fewer emp.)

1/31/2025

"Very easy to use and invaluable for mitigating risk"

5/5

What do you like best about Risk Ledger?

It was very easy to to fill out the forms Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

Nothing really comes to mind. Had an issue signing in once, but seemed to resolve itself. Review collected by and hosted on G2.com.

Kalpana P.

Manager, Founder's Office

Small-Business (50 or fewer emp.)

8/20/2024

"Great UI/UX"

5/5

What do you like best about Risk Ledger?

Very easy to use. All compliance docs in one place. Review collected by and hosted on G2.com.

What do you dislike about Risk Ledger?

Need to navigate between various sections, it is the nature of the beast, so okay. 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 that you find Risk Ledger easy to use and appreciate having all your compliance documents in one place. We understand that navigating between different sections can sometimes be a bit cumbersome, but we're happy it's still working well for you. It’s great that Risk Ledger is providing a central location to manage compliance documents for your clients