Risk Register Software

Why do you need risk register software?

Risk register software automates the risk assessment process and standardizes workflows that track controls and mitigations.

Conduct risk assessments

Riskonnect risk register software uses online forms and automated workflows to efficiently and consistently assess risk.

Implement controls

Riskonnect risk register software helps you build a library of controls linked to the appropriate risks to ensure risk levels stay within your risk appetite and risk tolerance.

Mitigate risk

Riskonnect risk register software tracks actions for clear documentation of escalations and approvals.

What can you do with risk register software?

Build customized risk registers

Risk register software uses best-practice frameworks and templates to create risk registers for key enterprise risk areas like operational risk, cyber risk, strategic risk, project risk, and compliance risk. Within each risk register, you can categorize risks by type and severity, establish risk owners, and track approvals and escalations. You can also incorporate key risk indicators in the analysis.

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Streamline the risk assessment process

Risk register software adds consistency and efficiency to the risk assessment process with automated questionnaires and follow-up. Forms can also be customized by risk type to ensure all relevant data is captured.

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Monitor risk levels

Risk register software easily monitors risk exposure and sends automatic alerts if you deviate from your established guardrails. API integrations can also pull data from other sources to include in your analysis.
Learn more about GRC risk register software.

Maintain a comprehensive control library

Risk register software allows you to map potential risks to controls in accordance with COSO, ISO 31000, SOX, and more. You can also conduct regular control testing to ensure effectiveness and gain a clear picture of your exposure.
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Implement risk treatment plans

Risk register software offers customizable templates to easily build detailed enterprise risk treatment plans. Automated workflows track actions and status.

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Create customized risk reports

Risk register software provides reports and dashboards that can be customized for boards, executives, and other users with just a few clicks.

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Manage incidents

Risk register software helps you track and manage incidents with easy-to-use forms and automated workflows that track the incident through resolution. Critical details – including documents and images – can be attached directly in the file. And automatic alerts can notify the right stakeholders when an incident has occurred.

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What types of risks can be tracked with risk register software?

You can create detailed risk registers for any type of risk, including:

  • Operational risk
  • Cyber risk
  • Strategic risk
  • Project risk
  • Compliance risk

How can Riskonnect help?

Riskonnect is a highly configurable platform that allows you to create unlimited risk registers that are easily tailored to your needs with:

Out-of-the-box templates

Riskonnect’s risk register software can create unlimited risk registers with multiple categories and types.

Intuitive interface

Riskonnect’s risk register software features drop-down menus, conditional formatting, and mandatory fields to make it easy to navigate even for occasional users.

Mobile accessibility

Riskonnect’s enterprise risk register software is accessible anytime from any device to complete risk-related tasks on the go.

Translation to multiple languages

Riskonnect’s risk register software is available in numerous languages so users can view and analyze risk data in their own language.

Secure technology

Riskonnect is built on the latest technology, protected by industry-leading security.

Fast implementation

Riskonnect offers three implementation options designed to achieve your business objectives as quickly as possible.

API integrations

Riskonnect seamlessly connects risk data of all types inside and outside your organization with APIs and other out-of-the-box integrations.

Expandable platform

With Riskonnect, you can start anywhere and go everywhere. You can begin your journey with ERM today and easily add and upgrade as your business grows and needs change.

More Resources Related to Risk Register Software

How to Conduct a Risk Assessment

This article explains the main elements of a risk assessment, how to formalize your process, and the value of continuous monitoring.

READ THE ARTICLE

RFP Template for Enterprise Risk Management

This easily modifiable template will help you ask the right questions of vendors under consideration.

GET THE TEMPLATE

The Complete Guide to Buying Risk Management Software

This ebook demystifies the software buying process with step-by-step navigation through the entire journey to help you identify the best fit for your organization.

GET THE EBOOK

Find out more about Riskonnect’s risk register software.
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Frequently Asked Questions | Risk Register Software

A risk register is a list of potential risks that could harm your organization. Risk registers offer a centralized place to view, manage, and track risks across your enterprise. They include important information about the potential impact, the likelihood of occurrence, risk owner, associated controls, and mitigation plans to help organizations monitor threats in a structured way.
Risk register software offers out-of-the-box templates to build comprehensive risk registers for the enterprise, as well as by category, location, severity, or other factors. Software automates data collection and ensures information is captured quickly, easily, and consistently. The software also connects the data to dashboards and reports to keep everyone up to date.

Risk register software often includes:

  • Risk name and description
  • Risk owner
  • Likelihood and impact
  • KRIs
  • Risk assessments
  • Risk management plans
  • Mitigating controls, actions, and due dates
Risk register software makes it easy to keep risk data up to date. Teams have one place to review and update risks to reflect evolving conditions. The software automatically sends risk assessment questionnaires to risk owners and documents any changes to the descriptions, owners, KRIs, controls, and mitigating actions.

Look for risk register software that offers:

  • Easy configurability without involving IT or vendor service hours
  • Limitless risk registers for deep insight into each area
  • Seamless integration with internal and external data
Riskonnect’s Enterprise Risk ROI calculator will give you an estimated breakdown of how much time and money your business could save by switching to Riskonnect’s ERM software.
Find out how Riskonnect can transform the way you view risk.
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