20 Best Integrated Risk Management Software of 2024

Alyne is a full-suite GRC platform for governance, risk, compliance, and ESG designed to deliver data-driven insights, powered by AI technology, to organizations.

Alyne helps teams understand laws and intuitively identify risks in real time, increase transparency and compliance efficiency, and collaborate more effectively across their enterprise and third parties. The tool lets you manage risk and reduce risk exposure. It also helps you understand and confidently implement compliance requirements, thoroughly assess risk, obtain detailed risk analytics and reporting, and make risk-aware decisions for your organization.

Additionally, you can leverage ready-to-go controls and assessment templates, automatic risk identification and qualification, and meaningful risk quantification methods to save on costs and increase time to value.

It is suitable to be used for environmental, social and governance (ESG) management, enterprise risk management, and internal controls and compliance.

Alyne's integrations include key enterprise platforms such as SAP, Salesforce, and Oracle, ensuring that data flows are coherent and uninterrupted.

Deel is a global payroll and compliance platform designed to help businesses hire anyone, anywhere, in a simple, streamlined, and compliant way.

Deel specifically handles integrated risk management for payroll and global hiring compliance. They do this by providing businesses with access to a global network of legal and financial experts who ensure compliance with local regulations and tax laws, minimizing risks for your business. Deel also provides a range of other compliance tools, including contractor agreements, time tracking, and HR support.

Deel offers a range of additional features and functions to help businesses hire and manage remote workers. One of its key features is automated payroll processing, which calculates and pays employee salaries, taxes, and benefits in over 120 currencies. Deel's platform also offers features such as invoicing, project management, and communication tools, making it a comprehensive solution for managing remote workers.

Deel has a flat rate user pricing, with a free version for businesses with up to 200 people. They also offer a free demo.

StandardFusion is a comprehensive GRC platform that specializes in multi-standard compliance management, making it an ideal tool for technology-focused Information Security teams. It offers solutions for risk management, audit management, compliance management, vendor management, policy management, privacy management, and compliance automation, helping organizations in various industries achieve and maintain compliance to standards and regulations.

I chose StandardFusion for integrated risk management software because it provides a comprehensive solution that addresses multiple facets of governance, risk management, and compliance (GRC). Its ability to manage compliance to a variety of standards, including ISO, SOC 2, NIST, HIPAA, GDPR, PCI-DSS, and FedRAMP, makes it a versatile tool for organizations across different industries.

StandardFusion has multiple existing integrations, including Jira, Confluence, Slack, OpenID, DUO, and Google Authenticator. They also offer options for single sign-on, integrations with UCF, and access to their API.

Pricing start at $1250 for 3 users/month.

Corporater is an enterprise-scale software that can support your governance, performance, risk, and compliance (GPRC) operations. Its risk management capabilities are expansive, covering IT and web risk management, third-party risk management, project and portfolio risk management, operational risk management, and more. It's suitable to be used across an organization to detect, manage, and mitigate risks in all departments and teams.

The software can be used to digitize risk management at your organization and automate your various risk management processes. You can establish risk mitigation workflows in the platform to create consistent, standardized procedures for how to navigate different types of risks. Qualitative and quantitative risk assessments can be performed, helping teams make informed decisions on how to move forward when risks are detected.

Reporting can also be done with the software, and users can create visual dashboards to understand the risks detected, managed, and addressed at their organization.

Diligent's integrated risk management toolkit helps organizations identify, assess, and manage risk using a unified methodology. This can help your business make better risk-related decisions.

The tool has integrations that allow you to analyze multiple sources, including internal and external tools. You get a complete view of how the current risk environment affects your business.

Meanwhile, the tool’s dashboard and reporting features ensure you can view this information in a way that makes sense. It shows your organization’s current risk profile, including an overall risk score and how different risk factors contribute to its risk.

It’s easy to export these reports to provide relevant stakeholders with the data they need to make informed decisions to ensure business continuity.

Netwrix Auditor’s advanced IT security software helps organizations detect security threats quickly and efficiently. Their software can analyze user permissions for company data, including digital files and folders, at scale, with the ability to analyze files in batches by file type, user name, or access date. You can also set up automated alerts so your IT team is notified immediately of any suspicious activity.

Netwrix Auditor includes advanced audit management reports that will improve your organization’s security by pointing out weak spots in your IT infrastructure that need optimization. They have helped over 7,000 organizations secure their sensitive data and successfully pass compliance audits.

Integrations are available with Active Directory, Microsoft 365, SharePoint, Oracle Database, Windows File Servers, NetApp, and numerous other IT systems.

Resolver is a user-friendly risk management tool used by over 1000 businesses, including Starbucks and Nestle. It has solutions for corporate security, compliance, and information security teams.

The risk management solution has everything teams need to discover, assess, and minimize risk. The software’s highlight is the risk assessment features that tie issues to specific incidents and actions, ensuring they relate to actual business events. Highlighting these risk indicators helps you spot gaps in your risk management strategy while showing the impact of your strategies.

Resolver has plenty of other valuable features. For example, the drag-and-drop builder makes it easy to create processes suited to your business. The tool doesn’t require any programming knowledge, which brings the ability to create and customize workflows to anyone in your organization.

MetricStream is Enterprise Risk Management (ERM) software with modules that help you understand and react to risk across your organization.

The tool has features for identifying and defining risk. Use them to document all the risks your business faces. Once set up, you can view key issues in the dashboard.

The product stands out because it lets you assess risk using internal audits that consider how they relate to your organization, objectives, products, and processes. The idea is that this will improve the efficiency of audits, helping you complete them faster.

MetricStream's intelligent issue and remediation feature is also useful. It uses AI and machine learning to identify issues and make recommendations. You can then review each issue, create a plan, and assign it to a team member to minimize the risk.

Ventiv's integrated risk management platform is designed to pinpoint hidden risks to your data, hoping you lower your total cost of risk (TCoR).

The software has plenty of useful features, including incident management, claims management, exposure and asset management, insurance renewal automation, property loss control, cost allocation & calculation, policy and program management, and safety management.

They also offer dedicated solutions for patient safety, medical billing, and medical professional liabilities, making them a good choice for healthcare organizations.

Their incident management toolkit highlights problems as soon as they occur, enabling you to take action that minimizes their impact. It also provides visibility into potential future issues so you can take preventative action.

Another feature is asset management. It provides an overview of your assets and their exposure to risks. It also helps you understand how these assets relate to your overall risk profile.

RAIDLOG.com is a project and risk management software that helps organizations identify and mitigate risk in their business initiatives. It's built around the framework of Risk, Action, Issues, and Decisions. By using this framework, teams can effectively determine potential risks associated with each project, set action items towards project completion, manage project issues as they arrive, and make and track decisions along the way.

The software has a customizable risk matrix that can be used to identify risks, evaluate their severity, and assign an appropriate response plan. Its predefined risk frameworks help businesses define and evaluate their risks against industry standards. A reporting dashboard gives a visual overview of risk and project data over time, like the frequency of incidents or the change in risk scores. Custom reports can also be created on things such as risks, remediation, and compliance.

A regulatory compliance module automates compliance processes for GDPR, HIPAA, and PCI-DSS regulations. The software has a comprehensive library of rules, standards, and industry best practices, which is continually updated to ensure compliance with evolving regulatory requirements.