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Best Risk Management Software

Are you looking for risk management software vendors to aptly identify and prioritize risks, and then formulate risk mitigation tactics. Risk management software offer improved data mining, thorough risk analysis, as well as detailed risk analysis options. Businesses can further manage liquidity, precisely forecast capital flow, and mitigate risk with the assistance of risk management solutions. Check out the list of top risk management tools, specially curated by Goodfirms, after thoroughly analyzing the applications. These applications can be filtered based on in-demand features offered, such as Configurable Frameworks, Risk Matrix, Risk Assessment, Custom Reporting, Reputational Management, Legal Risk Management, etc.

 

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Rankings updated: Sep 22, 2026
167 Software

List of Risk Management Software for Vendors

  • Opture ERM

    OPTURE AG is one of the leading system providers for risk management software in Europe. The company was founded in 02/2002 by Dres. Dirk and Mark Noetzold and is still owned by the founders. OPTURE was founded as a spin-off from the consulting firm Noetzold & Noetzold GmbH, which also specializes in risk management and strategy development. The name OPTURE ... read more about Opture ERM

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    100% in Risk Management Software
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  • Vector LMS

    An effective EHS system helps organizations in any industry remain highly productive in today’s competitive marketplace. Vector EHS Management connects all areas of safety into one easy-to-use platform. Manage your entire environmental health and safety program in our configurable system to save time and improve efficiency in your safety department.

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    20% in Risk Management Software
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  • Knovos GRC

    Knovos GRC’s data treatment process inherently simplifies the identification and collection of data for eDiscovery, Investigation, and regulatory (GDPR, CCPA, CPRA, etc.) readiness. It has built-in analytics to understand data and risks associated with it. It also helps promptly respond to data breach incidents.

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    Free Trial
    More than 30 days
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    100% in Risk Management Software
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  • Quantivate

    Since 2005, Quantivate has been helping organizations efficiently manage their governance, risk, and compliance (GRC) initiatives. Quantivate’s scalable software and service solutions equip organizations of all sizes to make more strategic decisions, improve performance, and reduce costs. Quantivate’s solutions are used by leading organizations in multiple industries such as financial services, energy, healthcare, technology, manufacturing, non-profits, state & local governments, ... read more about Quantivate

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    20% in Risk Management Software
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  • MetricStream

    MetricStream simplifies Governance, Risk, and Compliance (GRC) with purpose-built AI-first Risk, Compliance, Audit, CyberGRC, Third-party Risk, and Resilience products on a single low-code / no-code GRC cloud platform. Trusted by over 1 million GRC professionals across 35+ countries, our industry-specific products and AI agents help businesses successfully manage audits, avoid compliance violations and fines, reduce risk exposure, and strengthen resilience. ... read more about MetricStream

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    20% in Risk Management Software
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  • LogicGate

    LogicGate is a powerful process automation platform that enables organizations to transform mission-critical risk and compliance activities by enhancing controls, increasing flexibility, and reducing risk. LogicGate’s cutting-edge visual rules and workflow engine can be configured to solve virtually any risk and compliance challenge that connects many people, complex process, and disparate data.

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    25% in Risk Management Software
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  • Corporater

    Corporater Compliance is a software solution that provides continuous insight into the status of an organization's compliance framework and controls. Establish, centralize, and automate regulatory and organizational compliance processes relevant to your organization¿s adherence to meeting government standards and regulations required by your industry. Suitable for medium and large organizations.

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    25% in Risk Management Software
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  • Corporater Business Management Platform

    The Corporater Business Management Platform is a powerful software tool for digitalizing an organization’s management system. The platform is very flexible and is a great toolbox for configuring and implementing tailored solutions for Governance and Business Agility, Performance Management, Risk Management and Compliance Management.

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    25% in Risk Management Software
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  • Third Party Risk Management

    Third party risk management (TPRM) is a structured approach to analyze and control risks arising to the organization from third parties. Mainly third parties are: Vendors Customers Joint ventures Counterparties Fourth Parties Third-party relationships can be a significant source of enterprise risk. The propagation of third-party partners, regulatory pressure, and the complexity of cyber-related risks has led companies to dedicate ... read more about Third Party Risk Management

    Entry Level Price
    $750 Per Year
    Free Trial
    30 Days
    Pricing Type
    Flat Rate
    33% in Risk Management Software
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  • OneTrust

    OneTrust Vendorpedia is the largest and most widely used technology platform to operationalize third party risk, security, and privacy management. More than 5,000 customers of all sizes use OneTrust to offer the most depth and breadth of any third party risk, security, and privacy solution. OneTrust Vendorpedia is designed to help organizations manage vendor relationships and integrates seamlessly with the ... read more about OneTrust

    Entry Level Price
    $27 Per Year
    Free Trial
    14 Days
    Pricing Type
    Flat Rate
    20% in Risk Management Software
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  • Prevalent

    Prevalent is helping global organizations manage and monitor the security threats and risks associated with third and fourth party vendors. Prevalent introduced the only unified platform for Third Party Risk Management and the first vendor evidence sharing portal that enables collaboration between both enterprises and vendors.

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    50% in Risk Management Software
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  • Fusion

    Sometimes you just know. Put the power and user-simplicity of FusionRMS together with Acumatica, and it's love at first sight. FusionPOS™ is a full-feature point-of-sale solution that lets you optimize Acumatica cloud ERP and accounting for centralized management in highly distributed retail environments.

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    25% in Risk Management Software
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  • Archer

    Archer is a technology and services innovator for the investment management industry including institutional, private wealth and retail managers. Archer provides a fully integrated, secure cloud-based platform that simplifies the investment management process across channels allowing management firms to scale rapidly. Growth is supported with always up-to-date and accessible technology – nothing to install, maintain on servers, or to slow ... read more about Archer

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    33% in Risk Management Software
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  • Allovance

    Allovance is built around the idea that there is a better way to make decisions. Our company is built on research in decision sciences, psychology, business, change management, and learning behaviors. The Allovance Software was created to help implement and guide stakeholders through the five-step decision making process: Strategize, Compare, Quantify, Score & Select. Subscribe to the software and we ... read more about Allovance

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    50% in Risk Management Software
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  • MQ1

    CEBOS’ MQ1 enterprise software is a fully integrated, relational database covering all elements of quality and compliance system requirements. Companies from many industries have realized business process efficiencies in addition to meeting today’s changing governmental and industry requirements. MQ1 ultimately helps companies increase shareholder value by allowing them to focus on the highest value-added activities for the company. MQ1 offers ... read more about MQ1

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    33% in Risk Management Software
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  • Open Source Risk Engine

    The Open Source Risk Engine’s objective is to provide a free/open-source platform for risk analytics and XVA. It is based on QuantLib and grew from work developed by market professionals and academics. The Open Source Risk project aims at establishing a transparent peer-reviewed framework for pricing and risk analysis that can serve as - a benchmarking, validation, training, teaching reference ... read more about Open Source Risk Engine

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    Free version
    Free Trial
    Available
    Pricing Type
    Free
    100% in Risk Management Software
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  • SimpleRisk

    SimpleRisk is a fully integrated GRC platform that can be used for all of your Governance. Risk Management and Compliance needs. It boasts functionality that is comprehensive enough to be utilized by some of the largest organizations on the planet while presenting a user interface that is so simple and intuitive it can be used by the least technical people ... read more about SimpleRisk

    Entry Level Price
    Free version
    Free Trial
    Available
    Pricing Type
    Free
    50% in Risk Management Software
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  • Eramba

    Eramba helps you with Risk Management, Compliance Management, Incident Management, Policy Reviews, Internal Control Testing, Online Assessments, Notifications, Reminders, Filters, Reports. For every known pain we built a simple feature that makes the job easier and far more professional.

    Entry Level Price
    Free version
    Free Trial
    Available
    Pricing Type
    Free
    50% in Risk Management Software
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  • RA Risk Coverage

    RA Risk Coverage free open source software that allows revenue assurance teams to calculate the extent to which they have covered the risks that their telcos faces.

    Entry Level Price
    Free version
    Free Trial
    Available
    Pricing Type
    Free
    100% in Risk Management Software
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  • PTA Professional

    PTA Professional Edition is a desktop software tool developed with the Practical Threat Analysis calculative technology that helps security analysts build practical threat models and perform a quantitative risk assessment of their clients' systems. You are invited to download the PTA Professional Edition trial version at the Free Practical Threat Analysis Download page.

    Entry Level Price
    Free version
    Free Trial
    Available
    Pricing Type
    Free
    100% in Risk Management Software
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  • OpenVAS

    OpenVAS is a full-featured vulnerability scanner. Its capabilities include unauthenticated testing, authenticated testing, various high level and low level Internet and industrial protocols, performance tuning for large-scale scans, and a powerful internal programming language to implement any type of vulnerability test.

    Entry Level Price
    Free version
    Free Trial
    Available
    Pricing Type
    Free
    100% in Risk Management Software
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  • Project Risk Manager

    Project Risk Management software application, which is designed to be as intuitive as possible, guiding users to accurately identify, quantify and mitigate all risks on their projects. We have improved the functionality of our FREE version to allow the addition of up to 5 active users, meaning you can now assign risk ownership to other members of your project team ... read more about Project Risk Manager

    Entry Level Price
    Free version
    Free Trial
    Available
    Pricing Type
    Free
    100% in Risk Management Software
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  • Prospero

    Prospero comes with a full range of front-, middle- and back-office features. Its modules are delivered ready-to-use, easy to set up and user-oriented. This allows users to focus on the areas where they can add most value: strategy, investment performance and building strong client relationships right from the start. Our modular, multi-channel front-to-back solution will let you focus on areas ... read more about Prospero

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    50% in Risk Management Software
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  • DOMOS

    DOMOS is the one-stop-shop solution that allows you to concentrate on bringing added-value to your clients by automating a maximum of tasks and processes, allowing tailored approaches (e.g. Risk Management), and easing the reporting to your clients in a professional, designed and automated way. You need to provide your funds with the necessary substance, skills and systems for performing Portfolio ... read more about DOMOS

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    30% in Risk Management Software
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  • 8folios

    8folios is a SaaS solution that helps your team contain the complexity of IT. Retain important IT knowledge in one place. Turn information scarcity into information abundance. Ensure dependency awareness across the IT landscape. Increase communication and alignment in IT. Retain important IT knowledge in one place. Turn information scarcity into information abundance. Ensure dependency awareness across the IT landscape. ... read more about 8folios

    Entry Level Price
    $50 Per Year
    Free Trial
    Available
    Pricing Type
    Flat Rate
    50% in Risk Management Software
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  • Pentana Risk

    Pentana Risk provides actionable insights to your entire organization with data-driven decision making with our enterprise risk management software. Ideagen's Enterprise Risk Management (ERM) software solution fully integrates risk management processes, from identifying and assessing risk business-wide to assigning and monitoring mitigation plans, all the way through to reporting and defining a long-term strategy for enhanced performance. With Pentana Risk, ... read more about Pentana Risk

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    100% in Risk Management Software
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  • CQ

    CQ is leading the rethink of current practices to help accelerate awareness, amplify collaboration and simplify coordination to successfully resolve critical events. A cloud-based online emergency mass notification tool that unifies people to simplify your response to a critical event. From welfare checks to mass notification, CQ helps organisations connect instantly with their people via multiple channels, chat, polling and ... read more about CQ

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    25% in Risk Management Software
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  • FlexNet Code Insight

    FlexNet Code Insight is a single integrated solution for open source license compliance and security. Find vulnerabilities and remediate associated risks while you build your products and during their entire lifecycle. Manage open source license compliance, add automation to your processes, and implement a formal OSS strategy that balances business benefits and risk management.

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    33% in Risk Management Software
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  • SureCloud

    SureCloud is the first company to deliver market-leading Governance Risk and Compliance (GRC) software solutions and award-winning Cyber Security and Risk Advisory services, all underpinned by a single cloud-based platform. Whether you are interested in buying Gartner recognised GRC software or CREST certified Cyber and Risk Advisory services, you will benefit from automated workflows and insight from the award-winning SureCloud ... read more about SureCloud

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    20% in Risk Management Software
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  • ViClarity

    ViClarity is an innovative platform that allows you to track and manage all of your audit, risk and compliance in one system. The ViClarity solution is fully configurable meaning you can build your own checklists from your existing Excel documents or manual risk registers. You can also choose from our many pre-populated templates which are mapped directly back to regulatory ... read more about ViClarity

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    14% in Risk Management Software
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  • Enterprise Alert

    Derdack’s enterprise alerting software automates alerting processes and enables a fast, reliable and effective response to incidents threatening the continuity of services and operations. This is in particular important for 24/7 operated mission-critical systems and IT. Our critical alerting software combines four pillars to effectively respond to incidents – automated alert notifications, convenient duty scheduling, ad-hoc collaboration and anywhere incident ... read more about Enterprise Alert

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    25% in Risk Management Software
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  • ReadiNow

    ReadiNow, powered by the next-generation DX Platform (Digital Transformation) enabling you to manage all facets of your business now. Ranging from GRC, IRM to ERP. Build any application with ZERO coding using ReadiNow easy-to-build workflows. GRC Applications Include: - Business Continuity Managment - Vendor Risk Management - IT Disaster Recovery Management - IT Risk Management - Audit Management - Corporate ... read more about ReadiNow

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    25% in Risk Management Software
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  • Lighthouse HSE

    Health, Safety, and Environment software that connects your safety management system from the field to the boardroom. Enter, access, and report HSE data in real-time. Lighthouse is simple to use, customize, and afford. Use online with any device and offline with our native iOS and Android apps. Use our out-of-the-box templates or configure them to fit your specific requirements.

    Entry Level Price
    $300 Per Month
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    33% in Risk Management Software
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  • ProcessMAP

    ProcessMAP's EHS software solution empowers organizations to streamline Environmental, Health, and Safety (EHS) and Risk related processes and manage associated risks. It establishes company-wide consistency and provides real-time insight to optimize the overall EHS & Risk performance. Streamline processes and manage associated risks with the most integrated suite of Health & Safety software solutions. With ProcessMAP, companies establish consistency and ... read more about ProcessMAP

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    20% in Risk Management Software
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  • Camms.Risk

    Camms.Risk is an out-of-the-box and industry-recognized EHS software solution that enables organizations to meet and manage their regulatory compliance, corporate sustainability data and activities to reduce risk and addresses unforeseen events. Cloud-based and ISO 3100:2009 & COSO framework compliant, Camms.Risk features a simple user interface, pre-configured risk, incident & hazard management templates and easy-to-read dashboards to improve visibility across all ... read more about Camms.Risk

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    25% in Risk Management Software
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FeatureSECTARA5.0Predict360Risk Cognizance5.0TurnKey Lender4.8nTask4.8A1 Enterprise4.0SAP Treasury and Risk ManagementOnspring
All features (13 features)
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Custom Reporting
Exceptions Management
IT Risk Management
Legal Risk Management
Predictive Analysis
Reputational Risk Management
Response Management
Risk Assessment
AI Features
Total supportedout of 13 features5/138/1313/1311/134/137/136/136/13
Full supportNot supported
Feature scores: supported = 1, not supported = 0

What the matrix tells you

Which Risk Management Software products lead on features, and where the rest fall short.

Feature-count leaders

Risk Cognizance leads with 13 of 13 features supported.

  • Risk Cognizance13 / 13
  • Vector LMS12 / 13
  • Corporater Business Management Platform12 / 13
  • TurnKey Lender11 / 13
  • LogicGate11 / 13

Most features (6-10)

Solid all-rounders just behind the leaders - strong picks if a top choice does not fit your budget or stack.

  • OneTrust11 / 13
  • MasterControl10 / 13
  • Quantivate10 / 13
  • Corporater10 / 13
  • The CyberStrong Platform9 / 13

Watch-outs - missing table stakes

These products support the fewest features - confirm they cover your must-haves before shortlisting.

  • Archer3 / 13
  • Opture ERM3 / 13
  • AdaptiveGRC3 / 13
  • RM Studio3 / 13
  • GAN Integrity3 / 13

Related Feature Matrices

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