Industry Leading
Riskonnect’s compliance risk software is recognized by top analysts as an industry leader.
Intuitive
Riskonnect’s risk management and compliance software offers a modern, intuitive interface that is easy to navigate even for occasional users.
Integrated
Riskonnect’s compliance and risk software brings all risk-related data into one source of truth accessible to all stakeholders.
What can you do with risk and compliance management software?
Build customized risk registers.
Compliance risk management software helps you create risk registers that use best-practice frameworks and templates to document threats in key 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.
Apply risk appetite and risk tolerance levels.
Risk and compliance management software allows you to incorporate your established risk appetite and risk tolerance levels into the way risk is managed on a daily basis. Alerts can be aligned with Key Risk Indicators (KRIs) and set to automatically send notifications if levels are in danger of being exceeded.
Establish robust controls.
Risk and compliance management software maps controls to risks, aligning practices with the regulatory requirements of COSO, ISO 31000, SOX, and other regulations. It simplifies control management by leveraging a single control across multiple risks and offers insight into potential risk exposure.
Create risk treatment plans.
Compliance risk management software provides a framework for automating workflows to assess, manage, and mitigate risks. Alerts can automatically be sent to risk owners and other stakeholders to keep everyone up to date and working together.
Understand your risk status.
Risk owners can fill out assessments and checks online, while executive management can see a comprehensive view of risk exposure across the enterprise. It offers easily customizable charts and graphs to help stakeholders instantly visualize complex data in a way most meaningful to each.
Learn more about our risk and compliance management solution.
Maintain compliance.
Compliance risk software helps you manage regulatory issues to reduce risk. It brings corporate and legal policies, standards, procedures, and regulatory requirements together into one place to help stay ahead of regulatory changes. It also helps you stay abreast of changing regulations and what you need to do to comply.
Manage third-party suppliers.
Compliance risk software helps you keep track of your suppliers, understand their risks, and monitor adherence to compliance requirements. It automates vendor risk assessments to save time and improve reliability, while quickly onboarding new vendors. It also provides audit-ready documentation of your third parties.
Track and analyze incidents.
Risk and compliance incident reporting 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.
Audit effectiveness.
Risk and compliance management software helps you systematically evaluate the effectiveness of your governance practices. It tracks every step of the audit process in one place, so you can quickly identify and address any gaps in controls. It also adds efficiency and consistency by automating workflows, standardizing assessments, and seamlessly integrating data from multiple sources.
Learn more about Riskonnect’s audit management capabilities.
What disciplines can risk and compliance management software connect?
How can Riskonnect help with your risk and compliance management software?
Riskonnect is a highly configurable platform that allows you to easily tailor ERM dashboards to your needs with:
Easy configurability
Intuitive interface
Mobile accessibility
Translation to multiple languages
Secure technology
Fast implementation
API integrations
Expandable platform
More Resources Related to Risk and Compliance Management Software
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RFP Template for GRC Software
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Complete Guide to Buying Risk Management Software
Software keeps the business world humming along. It has the power to boost productivity, deliver better insights, and improve results. And that power has never been more important to the business of managing risk…
Find out more about Riskonnect’s risk and compliance software.
Learn more.