ERM Software

ENTERPRISE RISK MANAGEMENT

Riskonnect’s ERM software helps you understand the impact of all risks across your organization.

Give leadership reliable, accurate data instantly. Help leaders confidently make decisions about risks and opportunities with always up-to-date and complete data.

Communicate seamlessly from the frontlines to the C-suite. Break down silos and collaborate with all stakeholders using the same risk language.

Adapt quickly to changing conditions. Make data-driven decisions to bounce back fast from even the harshest events.

Business Continuity & Resilience Software dashboard on laptop screen

ERM Software

Product Highlights

  • Dashboards
    Communicate the status of risks and other key indicators – including customizable KRIs and KPIs – quickly and effectively.
  • Heat Maps
    Present leaders with a meaningful visualization of your assessed risks to intelligently prioritize actions.
  • Incident
    Management
    Capture data right at the source to quickly, consistently, and accurately get information to those who can investigate, evaluate, and act. Learn More.
  • Risk
    Assessments
    Collect critical business threat information – with lightning fast, automated tools – to make the best resource and process decisions.
  • Risk
    Hierarchy
    Organize your risk data in a way that makes sense for your organization – by category, location, business unit, or custom configuration.
  • Risk Register
    Build your organization’s risk profile, keeping your biggest threats front and center – and easily share the information with stakeholders or auditors.
  • Risk Analytics
    and Insights
    Easily customize your reporting and dashboards to tell your story and inform decisions. Learn More.

ERM Demo Video

Randstad

Trey Braden at Randstad

Riskonnect has allowed us to embark on actions we’ve never had clarity on before. If no action is coming out of the data, what’s the point.”

Trey Braden, Director, Risk Management, Randstad

The Wendy’s Company

ERM allows us to understand it’s not just about one risk. We’re dealing with groups of related risks that are all in motion that are all impacting the organization simultaneously.”

Bob Bowman, Chief Risk Officer, The Wendy’s Company

Ranstad
Wendys

Eliminate Surprises

From a Risk You

Didn’t See Coming

Ever had to explain why you weren’t prepared for an event that seemingly came out of nowhere? Riskonnect’s ERM software brings together all risk-related information into one platform so you know what you’re facing before it can surprise you.

  • Consolidate all risk data into one, easily accessible place.
  • Track the status of risk assessments and note changes to key indicators.
  • See the connections between risks, controls, assessments, accountability, documentation, and other relevant factors.

Automate, Streamline –
and Move Fast

How much time do you waste chasing down data and making sure it’s correct? Riskonnect’s ERM software speeds up data collection and validation, so you can move on to more important things.

  • Automate workflows to free up time for more strategic tasks.
  • Monitor important KRIs and respond to oncoming risk events in real time.
  • Get automatic alerts when a risk indicator has crossed the threshold of acceptability.

Elevate the Risk Function

Within Your Business

Do you want to simply drop off reports or stay for the strategy discussion? Riskonnect’s Enterprise Risk Management software makes it easy to share data, collaborate on actions – and emphasize the importance of infusing risk into strategic decisions.

  • Empower the C-suite to make effective decisions about risk and opportunity.
  • Involve people at all levels and functions – and assign responsibility and accountability for
    identifying and managing risk in everyday work.
  • Establish a common risk language throughout the organization.
  • Easily create prebuilt or customized reports with a drag-and-drop report builder.
  • Automatically send alerts and reports to keep stakeholders informed and involved.

Get Started with These Helpful Resources

EBOOK
How to Build a Compelling
Business Case for ERM Software
Download this ebook for guidance on gathering the facts and articulating the value of enterprise risk management software to cultivate support among decision-making leaders.
CALCULATOR
Calculate Your ROI for
ERM Software
Take 5 minutes and answer 15 questions to find out how much you could save with Riskonnect’s Enterprise Risk Management software.
RFP TEMPLATE
Starting an RFP process for Enterprise Risk Management software?
Download Riskonnect’s list of the most critical ERM-related questions and customize it to suit your needs.

Customers with Enhanced

ERM Programs Also Use

Risk Management
Information System
Seamlessly consolidate data from multiple sources, automate routine processes, and use sophisticated analytics to turn complicated information into actionable intelligence.
Business Continuity
& Resilience
Prepare for threats and minimize disruption to operations.
Compliance
Aggregate all corporate and legal policies, procedures, and requirements from across the organization into one centralized location.

Start anywhere. Expand everywhere.

Industry Recognition for Riskonnect

Redhand Advisors Forrester Wheelhouse Advisor

Start partnering with Riskonnect today.
Find out how Riskonnect can transform the way you view risk.

Quick Answers to Your
ERM Software Questions

Enterprise risk software is a tool to support an organization’s ERM program. It increases efficiency, accuracy, and consistency by gathering all risk-related information into one place. An ERM solution can reduce duplicate work and human error while improving collaboration on risk decisions across the organization.

An ERM system offers a variety of specialized features and functions – like heat maps, risk assessments, and risk registers – to assess risks, identify changes, and prioritize actions to minimize exposure and maximize opportunity.

While special software is not required to launch an ERM program, many organizations find it essential for efficiently managing enterprise-level risks. One sign that it’s time to consider an ERM solution is if your risk team spends the majority of time manually gathering, validating, entering, and formatting data instead of analyzing what it means and applying those learnings to better protect the organization. Another indicator that you need enterprise risk management software is if you are struggling to connect risk data across business units, locations, or functions. And if leaders are regularly asking for reports and insights that are difficult or impossible to produce, an ERM solution may be exactly what you need.
Riskonnect’s flexible model allows you to start anywhere and go everywhere. You can build a solution that fits your needs today – and easily add and upgrade as your business grows and changes.

Riskonnect is designed to seamlessly connect risk data of all types across your organization. We also offer APIs to easily import and export data and out-of-the-box integrations with specialized partners to help you get the most from your data as efficiently as possible.

Pricing depends on the size and complexity of the project and how much customization you require. We offer three industry-leading implementation options at different price points to fit your budget, while achieving your business objectives as quickly as possible.

Enterprise risk management (ERM) is a structured, organization-wide approach to identifying, assessing, and responding to the full spectrum of risks that could affect strategic objectives — from operational and financial risks to cyber risk, compliance exposure, and strategic risks tied to growth decisions. Unlike siloed risk functions, an ERM framework gives leadership a unified view of potential threats and opportunities so they can make informed, proactive decisions rather than reactive ones. For most organizations, effective risk management is what separates businesses that adapt from those that get caught off guard.

A spreadsheet or static risk register can capture a list of risks, but it can’t tell you when something has changed, who owns the response, or how one risk connects to others across the business. Enterprise risk management software automates data collection, flags changes to key risk indicators in real time, and surfaces the relationships between risks, controls, and accountability — all in one place. The result is a living risk profile rather than a periodic snapshot, which is the difference between managing risk and simply documenting it.

The right risk metrics depend on your organization’s risk appetite and strategic priorities, but most effective ERM programs monitor a combination of key risk indicators (KRIs) and key performance indicators (KPIs). KRIs serve as early warning signals — thresholds that, when crossed, indicate a risk is moving toward unacceptable levels. Common categories include operational risk metrics (incident rates, process failure frequency), cyber risk management indicators (vulnerability counts, patch lag times), financial exposure measures, and compliance metrics tied to regulatory requirements. Good risk management software lets you define and customize these metrics to match your unique business context, and surfaces them in dashboards that update as conditions change.

An enterprise risk management dashboard centralizes risk data from across the organization into a single, visual interface — so leaders don’t have to wait for quarterly reports to understand where the business stands. Real-time data visualization enables risk managers and executives to view their current risk profile, track changes in key indicators, and identify which potential risks require immediate attention. Heat maps, trend lines, and customizable views allow different stakeholders to see the information most relevant to their role, turning complex risk data into actionable intelligence. Effective ERM dashboards don’t just report — they drive decisions.

The features that distinguish genuinely effective enterprise risk management software from basic tools include: a centralized risk register that supports a consistent risk assessment process across business units; configurable dashboards that can be tailored without coding to show the metrics each team needs; automated workflows that route alerts, approvals, and follow-up tasks without manual intervention; heat maps and risk visualization tools that make it easy to prioritize risks by likelihood and impact; and integration capabilities that connect your ERM program to other business intelligence applications and internal systems. The ability to generate prebuilt or custom reports — quickly, without needing IT involvement — is also a strong indicator of a mature, practical solution.

ERM doesn’t operate in isolation. In most organizations, it sits within a broader GRC framework that connects risk management, compliance obligations, internal controls, and audit activities. Software built with that integration in mind allows risk managers, compliance professionals, and internal auditors to share data and work from the same source of truth — reducing duplication, improving consistency, and giving leadership a consolidated view of organizational exposure. When your ERM program connects to compliance and audit workflows, you can demonstrate control effectiveness and identify gaps far more efficiently than when those functions operate from separate systems.

Before adopting a dedicated ERM solution, most organizations struggle with a few common problems: risk data scattered across business units in incompatible formats; risk managers spending most of their time on data collection and formatting rather than analysis; difficulty escalating risk information from operational teams to the C-suite in a form leaders can act on; and no reliable way to compare risk exposure across departments or locations. These challenges make it hard to build a consistent ERM framework, respond quickly to emerging threats, or demonstrate the value of the risk function to senior stakeholders. They’re also the clearest signal that it’s time to move beyond spreadsheets. For a deeper look at where organizations get stuck, see Are Boards Really Engaged in Enterprise Risk Management?

Environmental, social, and governance (ESG) considerations are increasingly treated as a category of enterprise risk rather than a separate reporting obligation. ESG dashboards and risk tracking tools allow organizations to monitor ESG-related exposures — regulatory, reputational, and operational — alongside their broader risk portfolio. Integrating ESG into your ERM framework ensures that sustainability-related risks are assessed with the same rigor as financial or operational risks, and that ESG performance data is available to stakeholders who need it for reporting and strategic planning. Riskonnect’s ESG software is designed to connect directly with your ERM program so neither function operates in a blind spot.

Implementation timelines vary based on the size and complexity of the organization, the number of risk categories being managed, and how much data migration or system integration is required. A focused initial deployment — standing up core risk assessment and reporting capabilities for a defined scope — can often be accomplished in weeks rather than months. Riskonnect’s GoLive! implementation model is specifically designed to get organizations up and running quickly, with the flexibility to expand into additional modules and use cases over time. The right question isn’t just how fast you can go live, but how quickly the system starts delivering actionable insights.

Selecting the right enterprise risk management software starts with understanding your current ERM maturity, the specific pain points your program faces, and what capabilities you’ll need as the program grows. Key evaluation criteria include ease of configuration (can non-technical users set up dashboards and workflows?), depth of reporting and analytics, integration with your existing technology environment, vendor experience with organizations of similar size and complexity, and the quality of implementation and ongoing support. Starting with an RFP process — even a lightweight one — helps ensure you’re evaluating solutions on criteria that actually matter for your unique business. For guidance on what to ask, download Riskonnect’s ERM RFP template.