Best Risk Management Software

Risk management software helps organizations identify, analyze, and mitigate risks across various operations, ensuring business continuity and regulatory compliance. These tools provide a centralized platform for managing enterprise risks, assessing potential threats, and implementing effective control measures. Risk assessment and control software are essential for reducing vulnerabilities and making informed decisions. The best enterprise risk management software includes features like risk evaluation frameworks, automated reporting, compliance tracking, and real-time monitoring. Advanced solutions offer AI-driven risk analytics, customizable dashboards, and integration with existing systems for seamless workflows. Whether managing financial, operational, or cybersecurity risks, these tools ensure proactive management and strategic decision-making. Explore top-rated risk management software to enhance your organization’s resilience and operational efficiency. Choose solutions designed to identify risks, ensure compliance, and drive informed business strategies.

Last Updated: September 03, 2025

1027 Software

List of Top Risk Management Software | Best Risk Control Software

Pricing Options

Monthly Subscription

Annual Subscription

One-Time Payment

Quote Based

Features

Risk Scoring

Audit Management

Predictive Analytics

Exceptions Management

Mobile Access

Business Process Control

Legal Risk Management

Alerts/Notifications

Operational Risk Management

Compliance Management

Corrective and Preventive Actions (CAPA)

Internal Controls Management

Risk Assessment

IT Risk Management

Reputational Risk Management

Response Management

Incident Management

Audit Trail

Risk Analysis

Reporting/Analytics

Document Management

Document Storage

Risk Alerts

Artificial Intelligence

Company Size

Self Employed

Small Business

Medium Business

Enterprise

I'm looking for Risk Management Software that is:

Audit, Compliance, & Risk Management Software

AuditBoard is a robust software solution designed to streamline and enhance audit, risk, and compliance management for organizations. Serving as a centralized platform, AuditBoard facilitates efficient planning, execution, and tracking of audits. It promotes collaboration among teams through customizable templates and automated workflows, ensuring consistency and adherence to compliance standards.... Read more about AuditBoard

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

Automated Security & Compliance Software Built For Scale

Hyperproof is a robust compliance and risk management platform that simplifies the complex task of meeting regulatory standards. It streamlines the compliance processes by offering a centralized hub for documentation, monitoring, and reporting. Hyperproof helps organizations efficiently navigate and adhere to various compliance requirements to reduce the burden of manual tracking. With a user-frie... Read more about Hyperproof

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Shorten Time to Audit With a Connected View of Controls, Risks, and Evidence

LogicGate Risk Cloud is a no-code risk management platform that empowers businesses to navigate and mitigate risks effectively. It provides a centralized hub for organizations to identify, assess, and manage risks across various domains. The platform offers customizable solutions for compliance, internal audit management, policy management, and workflow automation, tailoring its capabilities to me... Read more about LogicGate Risk Cloud

Free Trial

NA

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Location

United States

A fully unified, smarter GRC environment

IBM OpenPages is a comprehensive governance, risk, and compliance (GRC) solution designed to empower organizations in navigating complex regulatory landscapes. This robust platform seamlessly integrates risk management, policy management, and regulatory compliance, offering a unified approach to enhance business resilience. With intuitive dashboards, OpenPages provides real-time insights into pote... Read more about IBM OpenPages

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Search, analyze and visualize your data quickly.

Splunk Enterprise is a powerful software tool designed for deep data analysis and operational intelligence. Its primary strength lies in processing and analyzing large volumes of machine-generated data, making it ideal for IT operations, security, and business analytics. With Splunk, users can easily collect, index, and visualize data in real-time, offering insights into patterns, trends, and pote... Read more about Splunk Enterprise

Free Trial

NA

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Location

United States

A cloud-based and AI-powered IT service management (ITSM) platform.

SolarWinds Service Desk is an advanced, user-friendly software solution designed for efficient IT service management. Its comprehensive features allow seamless tracking and resolving of IT issues, making it ideal for businesses seeking streamlined IT workflows. Key features include automated ticketing, which simplifies incident reporting and resolution. The asset management tool tracks and manages... Read more about SolarWinds Service Desk

Free Trial

30 Days

Pricing Type

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Location

United States

Control Compliance Suite is a compliance software designed to help organizations manage and maintain regulatory compliance across their operations. It offers tools for risk assessment, policy management, and automated compliance reporting. The software ensures that businesses stay up-to-date with industry regulations and helps identify potential compliance gaps. With its integrated reporting featu... Read more about Control Compliance Suite

Free Trial

NA

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Contact Vendor

Location

United States

Oracle Risk Management is a powerful compliance software designed to help organizations manage and mitigate risk effectively. This comprehensive solution offers advanced tools for detecting and preventing fraud, ensuring regulatory compliance, and enforcing security policies. With Oracle Risk Management, businesses can monitor financial transactions, analyze risk patterns, and automate compliance ... Read more about Oracle Risk Management

Free Trial

NA

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Contact Vendor

Location

United States

SAS Risk Management is an advanced risk management software designed to help organizations identify, analyze, and mitigate risks effectively. This platform provides comprehensive tools for risk assessment, modeling, and reporting, ensuring a proactive approach to risk management. Users can monitor risk exposure, track compliance status, and generate insights through an intuitive interface. SAS enh... Read more about SAS Risk Management

Free Trial

NA

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Contact Vendor

Location

United States

The ACTICO Credit Risk Platform is an advanced risk management software designed to help financial institutions assess, monitor, and manage credit risk effectively. This platform provides comprehensive tools for modeling, analyzing, and reporting on credit exposure, ensuring that organizations can make informed lending decisions. With its intuitive interface, risk managers can easily access data, ... Read more about ACTICO Credit Risk Platform

Free Trial

Available

Pricing Type

$45000 Per user

Location

Germany

OneTrust is a robust platform for managing privacy, security, and third-party risk. Designed to streamline compliance with GDPR, CCPA, and other global privacy laws, OneTrust helps businesses automate and manage key privacy functions. The platform includes tools for data mapping, consent management, data subject rights requests, and compliance assessments. OneTrust’s built-in features allow comp... Read more about OneTrust

Free Trial

Available

Pricing Type

$30 Per feautre

Location

United States

Security Event Manager is a robust risk management software designed to help organizations identify, assess, and mitigate security threats effectively. It offers a comprehensive platform for monitoring security events, analyzing vulnerabilities, and managing risk assessments with precision and efficiency. Security Event Manager features real-time threat detection, automated incident response, and ... Read more about Security Event Manager

Free Trial

Available

Pricing Type

$5093 Per feautre

Location

United States

LSEG Risk Intelligence is a robust risk management software designed to help organizations identify, assess, and mitigate risks effectively. This platform offers a suite of tools for risk analysis, reporting, and compliance management, enabling businesses to maintain a proactive approach to risk management. With LSEG Risk Intelligence, users can create risk profiles, conduct scenario analyses, and... Read more about LSEG Risk Intelligence

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

Polarion REQUIREMENTS is a robust compliance software solution designed to streamline the management of requirements across projects. It offers features that facilitate real-time tracking and traceability, ensuring that all regulatory and business requirements are met effectively. Users can easily collaborate, prioritize tasks, and maintain transparency throughout the project lifecycle. By integra... Read more about Polarion REQUIREMENTS

Free Trial

Available

Pricing Type

Contact Vendor

Location

Germany

Risk Command is a comprehensive risk management software that helps businesses proactively identify, assess, and mitigate risks across all areas of operations. Whether managing financial, operational, or compliance risks, Risk Command provides a central platform for tracking and controlling risk-related issues in real time. The software offers tools for risk assessment, impact analysis, and the cr... Read more about Risk Command

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Microsoft Purview Insider Risk Management is a sophisticated software solution that helps organizations manage and mitigate insider threats. It combines advanced data analytics and machine learning algorithms to identify, assess, and respond to potential risks posed by insiders, such as employees, contractors, or business partners. The software monitors user behavior across various platforms, incl... Read more about Microsoft Purview Insider Risk Management

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

SAP Ariba is a cloud-based billing and invoicing software solution designed to help businesses manage procurement, supplier payments, and billing processes more effectively. The platform streamlines the entire invoice lifecycle, from purchase order creation to invoice receipt and payment approval. SAP Ariba integrates with various enterprise resource planning (ERP) systems, allowing for seamless d... Read more about SAP Ariba

Free Trial

NA

Pricing Type

Contact Vendor

Location

Germany

Pi. is a cutting-edge payment processing software designed to provide businesses with a seamless way to handle financial transactions across various channels. The platform supports online payments, in-store transactions, and mobile payments, making it versatile for businesses of all sizes and industries. Pi. offers secure payment processing with encryption and fraud detection features to protect b... Read more about Pi.

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

GrabDefence is an advanced risk management software that focuses on identifying, assessing, and mitigating cybersecurity threats. With its AI-driven algorithms and real-time monitoring, GrabDefence provides businesses with an automated approach to detecting vulnerabilities and preventing potential breaches. The software continuously scans the network for irregularities and suspicious activities, o... Read more about GrabDefence

Free Trial

Available

Pricing Type

Contact Vendor

Location

Singapore

CloudHealth Secure State is a comprehensive compliance software designed to help businesses secure their cloud environments and ensure compliance with industry standards. This platform enables organizations to continuously monitor their cloud infrastructure for security vulnerabilities, misconfigurations, and compliance violations. CloudHealth Secure State uses automated policy enforcement and rea... Read more about CloudHealth Secure State

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Netcraft is a cutting-edge threat intelligence software designed to protect businesses from cyberattacks, phishing scams, and other online threats. This platform provides real-time monitoring and alerts on potential security vulnerabilities, giving businesses the information they need to stay ahead of evolving threats. Netcraft leverages global data to analyze web traffic, identify malicious actor... Read more about Netcraft

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Diligent One Platform is a powerful data analysis software designed to help businesses transform raw data into actionable insights. Featuring advanced analytics tools, Diligent One enables users to perform complex data manipulations, visualize trends, and generate comprehensive reports with ease. The platform supports integration with various data sources, allowing you to consolidate information f... Read more about Diligent One Platform

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

IBM Security Guardium Data Risk Manager is a sophisticated data discovery software designed to help organizations identify, classify, and protect sensitive information across their entire data landscape. The platform offers advanced tools for automated data discovery, risk assessment, and data classification, ensuring that critical data assets are accurately identified and secured. With features s... Read more about IBM Security Guardium Data Risk Manager

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Oracle Fusion Cloud ERP is a comprehensive Project Management Software designed to empower businesses with the tools needed to plan, execute, and monitor projects effectively. It offers a robust platform for managing project timelines, resources, budgets, and deliverables, ensuring that organizations can achieve their project goals on time and within budget. Oracle Fusion Cloud ERP features an int... Read more about Oracle Fusion Cloud ERP

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

SAS Fraud, AML (Anti-Money Laundering) & Security Intelligence is a comprehensive compliance software solution designed to help businesses detect, prevent, and investigate fraud and money laundering activities. The software combines advanced analytics, machine learning, and real-time monitoring to identify suspicious transactions and potential security threats. It helps businesses meet regulatory ... Read more about SAS Fraud, AML & Security Intelligence

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Explore Today’s Featured List of Top Risk Management Software

Teramind

Insider Threat Detection & Employee Monitoring

Teramind is a sophisticated employee monitoring and data loss prevention software designed to enhance security and productivity in the workplace. Its standout feature is its robust user activity monitoring, which tracks and analyzes employee behavior in real-time. Teramind offers detailed insights through keystroke logging, email monitoring, and file transfer tracking, ensuring comprehensive overs... Read more about Teramind

Free Trial

Available

Pricing Type

$1153.17 Per month

Location

United States

Sedex is an advanced risk management software designed to help organizations identify, assess, and mitigate risks across their operations effectively. This platform provides a comprehensive suite of tools that enable users to conduct risk assessments, track incidents, and implement mitigation strategies seamlessly. With Sedex, businesses can easily create detailed risk profiles, ensuring that pote... Read more about Sedex

Free Trial

NA

Pricing Type

$6471 Per year

Location

United Kingdom

Integrum is an advanced Quality Management Software (QMS) designed to help organizations maintain and enhance their quality standards across all operations. It offers a comprehensive platform for managing quality processes, including document control, audit management, corrective and preventive actions (CAPA), and compliance tracking. Integrum's intuitive interface allows users to easily create, s... Read more about Integrum

Free Trial

Available

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Location

United States

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Frequently Asked Questions

Risk management software helps businesses identify, assess, and mitigate risks across various operations, ensuring compliance and reducing financial or reputational damage.

Risk Management Software evaluates potential threats, assigns risk levels, and provides actionable insights to minimize vulnerabilities and enhance decision-making.

Essential features include risk identification, incident tracking, compliance management, reporting dashboards, and automated risk assessments.

ERM software provides a holistic approach to managing risks across an organization, ensuring strategic alignment and regulatory compliance.

Third-party risk management software helps organizations assess and monitor risks associated with vendors, suppliers, and external partners to prevent security and compliance issues.

Yes, many solutions generate real-time compliance reports to ensure adherence to industry regulations and internal policies.

Yes, most risk management tools integrate with ERP, CRM, and compliance management systems for a seamless risk management strategy.

It identifies vulnerabilities, tracks security incidents, and ensures compliance with cybersecurity frameworks to protect sensitive data.

Yes, many solutions include financial risk modeling and fraud detection to help businesses mitigate financial losses.

Yes, they provide real-time risk tracking and predictive analytics to minimize disruptions in supply chain, IT, and business operations.

It automates vendor assessments, tracks compliance risks, and ensures third-party providers meet security and regulatory requirements.

Yes, small businesses can use risk management software to automate compliance, assess risks, and protect against financial or operational threats.

Consider factors like scalability, automation, integration capabilities, industry-specific compliance needs, and vendor support before selecting a solution.

Consider factors like scalability, automation, integration capabilities, industry-specific compliance needs, and vendor support before selecting a solution.