SOFTWARE
15 Best Risk Management Software 2024 | Risk
Management Tools
Haillie Parker
Writer
May 13, 2024 14min read
Let’s kick things off with a pro tip – risk management software is a must-have tool in today’s
business environment.
Hear us out:
What if you knew the long-term outcome of every decision before you made it? Or every time you
launched a new product, you already knew how customers would receive it?
These scenarios eliminate the natural risk involved in most businesses and product development,
and TBH, these scenarios are also virtually impossible. In fact, 62% of organizations have already
faced a critical risk incident in the last 3 years. 😳🤯
There is a silver lining to all this though—risk is a completely normal part of any business. What’s
more, there are ways to prepare for and manage the obstacles that may come your way with the
help of powerful software designed to handle this very task!
Enter: Risk management software. ✅
Luckily, there are several risk management tools for you to choose from, but not all of these tools
are equally helpful.
Before you trust the future of your company with just any risk management software, make sure
you’ve done the work to invest in the one tailored to serve your team’s needs. No need to sweat
over that task though, that’s why we’re here. 🙂💜
Read along as we dive into everything you need to know about risk management software—what
it is, the must-have features, and 15 strong platforms for the job.
What is Risk Management Software?
Risk management software monitors many potential issues that may hurt your organization’s
bottom line—and proposes solutions to avert the crisis. These are not always job-ending risks,
they may range in severity from a minor drop in sales to security data breaches, or non-
compliance to regulations.
These tools might sound like a want rather than a need when it comes to expenses—you might
even think you have this area covered with your regular team practices and analytics systems.
But in fact, investing in risk management software is one of the most recommended ways to
reduce company-wide costs.
Think about it—if it helps predict or prevent even the smallest drop in sales, then your risk
management platform has done its job. Like insurance for your home, car, or life, this tool may
not be used every day, but you’ll be so happy it’s there when you need it.
So, how does risk management software actually do all of this, anyway? Look no further. ⬇️
Criteria for Risk Management Software
Not all risk management tools are made the same. Or worse—some solutions promise gold but
deliver dust. 😔
How can you tell which software will exceed your expectations? First, consider these factors:
Organizational needs
Your unique requirements will ultimately determine which tool will serve you.
Are you looking to prevent finances from slipping through the cracks? In this case, there’s no
point in going for a tool that specializes in compliance-related risks like HIPAA. Consider the key
performance indicators (KPIs) and company goals that you want to zero in on, then refine your
risk management software search from there. ✅
Contract and budget
Amazing news: You don’t have to rob a bank to snag a sophisticated risk management tool!
There are enough options for companies and budgets of any size, but not every tool will serve
each team in the same way. If you’re dealing with a large enterprise company, your budget and
objective regarding risk management software will naturally be vastly different than a small
agency or solopreneur.
Integration with existing applications
Be sure your solution fits with your existing technology stack. You may feel like you’ve found the
risk management software of your dreams—but if it doesn’t align with the tools you’ve already
invested in, that may be a make-or-break issue. 😕
From modules to features to plugins, ensure your potential new software integrates with your
firewalls, endpoint detection and response, and user behavior analytics. You don’t want security
gaps or costly overhauls of tools.
15 Risk Management Software Solutions for Your
Risk Management Team
To help you make the smartest choice in your search for the best risk management software,
check out our top 15 options below:
1. ClickUp
Monitor project updates, manage risks, and work with the team, all from your ClickUp Workspace
Consider ClickUp your one-stop shop for any and all things productivity. With hundreds of fully
transparent, customizable, and functional features, ClickUp provides the ultimate platform for
teams of any size to monitor project updates, manage risks, and work together—all in one place.
ClickUp’s feature-rich experience makes work management a breeze and benefits teams across
industries. From brainstorming on ClickUp’s digital Whiteboards to creating detailed wikis in its
collaborative Docs, your ClickUp Workspace offers so much more than the average risk
management software you may be used to.
ClickUp’s Assigned comments, in-app chat feature, automations, and real-time reporting help you
stay organized and in the know by preventing overscheduling and mitigating risk factors that may
be haunting your organization. Here’s how. ⬇️
Our fav ClickUp features for risk management
Like the perfect combination of risk, project, and collaboration software all wrapped into one
dynamic package, ClickUp helps you stay on top of potential risks and the team feel a sense of
accountability and ownership over their tasks.
Dashboards
Dashboards in ClickUp provide a high-level overview of every aspect of your project’s status and
project in one customizable and informative place. Think of it as your mission control center for
any project. 🛸
The power is in your hands to essentially build your Dashboard from scratch. Choose what
information you want to see and how you visualize it in your Dashboard from over 50 Widgets
designed to be tailored to your work processes. Some helpful widgets include tables, embedding
external apps, tracking team members’ workloads, roadmaps, custom charts, and more. 🤯
If you want to be in the know of every project detail and every possible risk—start with
Dashboards.
Native time tracking
We all know—and secretly love—that feeling of getting lost in a task. When you’re pouring your
very best work into one thing for so long that before you know it, it’s already 5 o’clock. 😳
But let’s be real, it’s also a major productivity killer.
The solution? Time tracking! Something the ClickUp has down to a science. 💪🏼
Whether it’s setting time estimates, tracking the time spent on any ClickUp task, recording time
spent in any web browser, or staying on top of your billable time, ClickUp’s time tracking features
go far beyond your basic stopwatch.
Even view a combined rollup of all time spent across your tasks and subtasks to get into the nitty-
gritty of how you spend your day. And if you’re wondering how time-tracking relates to risk—
almost all KPIs start here. Know how you and your team are spending time so you can properly
delegate important tasks to the right people.
Automate repetitive tasks
One of the key benefits of risk management software is knowing the ins and outs of your team,
product, or performance—without micromanaging or adopting the dreaded helicopter-mom
energy. 🚁
This type of software can help you trim down the unnecessary time spent on repetitive tasks or
basic busy work in your day so the team can stay focused on what matters most.
That’s where automations in ClickUp come into play. 🙂
There are over 100 ways to automate your workflow in ClickUp to create changes to task statuses,
assignees, priorities, dates, and more. Plus, over 50 actions trigger the exact, custom automations
you need.
Basically, nothing is off limits when it comes to automations in ClickUp—so think outside of the
box. 📦
Hundreds of customizable templates
That’s right! Hundreds. 😍
ClickUp has created a template for basically everything it has to offer, including risk management
templates. So while it’s packed with tons of customizable features, ClickUp offers tons of ways—
even beyond customer support—to help your team hit its goals and mitigate risk in the most
productive way possible.
From Kanban boards to Whiteboards, How-To Help Docs, Mind Maps, dynamic Gantt charts, and
more—ClickUp’s ever-growing template center offers a free template for users at any level.
Still not seeing the template you need? Or did you customize a pre-built template that you’d like
to use again? No problem, save any process, task, or view as a template to your Workspace in a
matter of clicks. ✅
ClickUp pricing
Stay productive and risk-free all year long with ClickUp’s pricing plans:
Free forever: Tons of powerful risk and project management features, unlimited tasks and
members, 100MB storage, and more
Unlimited ($7/member/month): Unlimited dashboards, storage, and integrations, agile
reporting, and more
Business ($12/member/month): Advanced automation and public sharing, unlimited teams,
Google SSO, custom exporting
Enterprise (Contact ClickUp for pricing): dedicated success manager, guided onboarding,
white labeling, enterprise API
ClickUp reviews
G2: 4.7/5 (4,510+ reviews)
Capterra: 4.7/5 (2,970+ reviews)
2. Risk Cloud
Risk management and compliance assessments in Risk Cloud
LogicGate’s Risk Cloud risk management platform throws threads of emails and spreadsheets out
of the window to make room for a central, streamlined, no-code environment for all of your risk
and compliance activities.
The graphic database enhances agility and flexibility as your projects evolve. You can configure it
to solve mission-critical issues like IT and third-party risk management.
Our fav Risk Cloud features
30+ apps for common GRC use cases
Custom integrations
Risk Cloud pros
Comprehensive record-keeping and governance structure
Intuitive UI
Risk Cloud cons
Limited reporting functionality
Risk Cloud Pricing
The pricing details are available upon request
Risk Cloud Reviews
G2: 4.6/5 (110+ reviews)
Capterra: 4.7/5 (20+ reviews)
3. Vendor360
Third-party and vendor risk management in Vendor360
Vendor360 by CENTRL is an enterprise risk management platform focused on helping you
manage any vendors and third-party risks. It comes with pre-set questionnaires to analyze
vendors and ensure each one complies with regulatory guidelines. It also offers some automation
features to streamline processes for document assignment and approval!
Our fav Vendor360 features
Built-in connectors to exchange details between businesses
Quick-start vendor list templates
Automation tools to improve efficiency in dealing with documents
Vendor360 pros
This is a helpful tool for managing all third-party documents and details
Categorization of vendors based on inherent risk levels and criticality
Vendor360 cons
Limited integrations with major workplace apps
No reviews on G2 or Capterra to know what real customers think of their experience
Vendor360 pricing
Contact Vendor360 for all pricing information
Vendor360 reviews
G2: N/A
Capterra: N/A
4. Lendflow
Embedded credit tools in Lendflow
Lendflow is a credit platform that helps companies embed and launch credit-based products. It
aims to link clients to capital faster and handles some of the heavy-lifting involved in getting your
credit products off the ground.
In the way of risk management—and with the help of its user-friendly code—Lendflow helps you
manage compliance, rule-based workflows, and risk assessments.
Our fav Lendflow features
Pre-built application widgets
Real-time terms and offers alerts to your customers
Advanced data security
A re-share component that can help you earn extra commission!
Lendflow pros
Customizable UI to fit your brand voice
Bank-level security
Various third-party integrations
Lendflow cons
Limited guides and resources online
Lendflow pricing
Contact Lendflow for all pricing information
Lendflow reviews
G2: N/A
Capterra: 5/5 (2 reviews)
5. Resolver
Risk analysis in Resolver
Planning and preparation are among Resolver’s fortes.
While no risk management software can predict the future, Resolver believes a good planning
foundation is necessary for every business.
The software focuses on early risk identification and planning before a project commences by
assessing regulatory needs and objectives to identify possible future issues.
Our fav Resolver features
Risk-based, agile audit trails
Incident reporting to empower team members to speak up
Corrective and Preventive Actions (CAPA) to save the boat as early as possible
Resolver pros
Responsive customer support
Multiple members can work on a file simultaneously
Easy report creation
Resolver cons
DIY setup can be challenging and may require help from their support team
Some users say upgrading can be disruptive
Limits file transfer into the software
Resolver pricing
Contact Resolver for all pricing information
Resolver reviews
G2: 4.3/5 (40+ reviews)
Capterra: 4.4/5 (10+ reviews)
6. OneTrust
Incident reporting in OneTrust
OneTrust is a category-defining solution that allows enterprises to cement mutual trust and
fosters compliance with best practices. The software centralizes agile workflows across third-party
risk, data governance, privacy, ethics, and compliance.
Our fav OneTrust features
Integrations for streamlined data collection
Real-time reporting
OneTrust pros
User-friendly UI
Risk measurement and remediation tools
OneTrust cons
Complicated implementation
OneTrust pricing
Contact OneTrust for all pricing information
OneTrust reviews
G2: 4.3/5 (110+ reviews)
Capterra: 4.2/5 (10+ reviews)
7. Project Risk Manager
Via Project Risk Manager
While Project Risk Manager is simply a project risk management solution that’s easy to install, set
up, and use, the user-interface functionality still runs deep. The tool employs pre-set impact
categories and rank descriptions to better prioritize potential threats.
Our fav Project Risk Manager features
Multiple installation copies plus a secure database
Automatic risk alerts
Customizable parameters
Project Risk Manager pros
Powerful risk management applications and analysis features
Organized aggregation of risks for speedy action
Project Risk Manager cons
Desktop-only app
Can be costly to purchase, license, and train members
Setting the correct parameters for your team can be challenging
Project Risk Manager pricing
Free (up to 5 members): customizable parameters, unlimited projects & risks, automatic risk
ranking
Pro ($19/month hosting + $1 per member/day): Data export, custom cloud or server hosting
Project Risk Manager reviews
G2: 5/5 (1 review)
Capterra: 4.4/5 (5 reviews)
8. LogicManager
Account analysis in LogicManager
LogicManager’s state-of-the-art taxonomy technology gives you about 100 package variations for
your team’s needs. This platform prides itself on boosting businesses’ performance as an
operational risk management tool.
Our fav LogicManager features
To-do lists to monitor risk management tasks
Pre-built, configurable risk libraries to boost the detection of threats
Taxonomy technology to show dependencies
LogicManager pros
Excellent support from account analysts
A single-place platform for accurate and actionable data
Organizations can evolve with product updates
LogicManager cons
Large organizations may not benefit as much from its feature set
Integrated workflows and out-of-the-box reporting could use some improvements
LogicManager pricing
Contact LogicManager for all pricing information
LogicManager reviews
G2: 4.5/5 (30+ reviews)
Capterra: 4.6/5 (10+ reviews)
9. nTask
Managing risks involved with your projects in nTask
Are you tired of complex and clunky risk management software?
nTask is user-friendly and comes with pleasantly neutral tones on its intuitive dashboard. This
security risk management software lets you prioritize issues, assess potential risks, and delegate
them to different members of the team to monitor.
Our fav nTask features
The custom risk matrix for appropriate risk analysis
Search and filters to find assets and tasks
Custom categorization for faster management
nTask pros
Risk assessment features identify potential issues
Intuitive UI
Time tracking and Kanban boards
Affordable
nTask cons
Limited integration with popular apps like Zoom
Steep learning curve adjusting to its workflow and features
Creating reports can be challenging
nTask pricing
nTask offers a free trial and multiple paid plans depending on the number of users.
Premium ($3/month): For teams or individuals just getting started
Business ($8/month): For teams looking to build projects and plans like a pro.
Enterprise (Contact nTask for pricing): For teams desiring enterprise-grade security,
customizations, and advanced features
nTask reviews
G2: 4.4/5 (10+ reviews)
Capterra: 3.9/5 (90+ reviews)
10. CURA
Governance, risk, and compliance
management CURA
Some threats are foreseeable, some are recurring, and some are sneaky. That’s why risk
management tools need to track ongoing and re-surfacing risks.
CURA strives to do exactly that with its risk monitoring solutions. The software’s risk reporting
finds the probability of impact in industries ranging from banks to utility firms and
telecommunications.
Our fav CURA features
Configurable risk reporting with flexible dashboards
Objectives feature to monitor the risks and performance of every team member
Visually interactive reports in the form of graphs, tables, and lists
CURA pros
Vulnerability assessment at every step of your project
Supports exporting of reports as PDF, Excel Spreadsheets, Word doc, and email
Risk remediation and internal risk-based auditing
CURA cons
The UI learning curve is a bit steep
CURA pricing
Contact CURA for all pricing information
CURA reviews
G2: N/A
Capterra: 5/5 (2 reviews)
11. TimeCamp
Track time to stay ahead of potential
risks with TimeCamp
Is time ever slipping through your fingers? TimeCamp is an online timer app with a slew of built-
in features for assessing simple or seemingly benign risks.
Our fav TimeCamp features
Easy and insightful reports to measure project profitability and track budget
One-click approvals of timesheets
TimeCamp pros
Sorting and controlling leaking expenses is simple
Free up to 5 seats
TimeCamp cons
Can be a bit sluggish when loading content
Mobile app could use some improvements
TimeCamp pricing
Free: Unlimited users, projects, and tasks, mobile plus desktop app
Basic ($6.3/user/month): Custom reports, management roles, unlimited integrations, XLS
reports export
Pro ($9/user/month): Custom user roles, invoicing, 2-factor authentication, screenshots
Enterprise (Discuss pricing with sales): Personalized training, self-hosted server, private
cloud implementation
TimeCamp reviews
G2: 4.6/5 (180+ reviews)
Capterra: 4.7/5 (550+ reviews)
Check out these TimeCamp alternatives!
12. A1 Tracker
Via Youtube
A1 Tracker is a user-friendly risk management software with features like threat and risk
assessments, alerts, log history, risk audits, web portal, risk ratings, and more.
Our fav A1 Tracker features
Workflow automation in reviewing and approving data
Automatic real-time notifications
Web-based, cloud hosting, and on-premise hosting options
A1 Tracker pros
Top-in-class flexibility and customizations
Detailed reporting
Allows seamless adaptability and migration from existing solutions
A1 Tracker cons
Some users reported challenges in building custom views
A1 Tracker pricing
Contact A1 Tracker for all pricing information
A1 Tracker reviews
G2: 4.8/5 (10+ reviews)
Capterra: 4.9/5 (50+ reviews)
13. Qualys
Analyze potential risks in Qualys
Qualys is another security and compliance management tool used to identify risk exposure. This
comprehensive software can smoke out even the smallest risk possibilities. Its dedicated system
works by tracking down loopholes in your processes so you can solve problems proactively.
Our fav Qualys features
Continuous discovery to inventory all your assets on a global hybrid-IT ecosystem
A powerful search tool to locate assets
Custom tagging of assets for a stellar organization
Qualys pros
Some customization abilities
All apps accessed from a single page
Easy to use
Qualys cons
UI may differ due to its independent upgrading
Complicated installation process
Qualys pricing
Contact Qualys for all pricing information.
Qualys reviews
G2: 4.2/5 (60+ reviews)
Capterra: 3.6/5 (10+ reviews)
14. ServiceNow
Heat maps and charts to prioritize
risks in ServiceNow
ServiceNow is enterprise risk management software that unifies your processes into Governance,
Risk, and Compliance (GRC) programs. The goal is to achieve a centralized, comprehensive risk
management process to maintain accurate reports and risk prioritization.
Our fav ServiceNow features
Mobile risk app to stay on top of risk activities wherever you are
Key risk indicators that identify non-compliant controls automatically
Customized reporting
ServiceNow pros
A one-stop risk register for all-round management of vital details
Scalability
ServiceNow cons
Can be a bit of a lag
Limited integrations
ServiceNow pricing
Contact ServiceNow for all pricing information
ServiceNow reviews
G2: 4.3/5 (10+ reviews)
Capterra: 4.5/5 (100+ reviews)
15. Riskonnect
Risk insights with charts, maps, and
graphs in Riskonnect
Riskonnect is an enterprise-level tool to help your organization holistically grasp, monitor, and
control risks to boost shareholder value. It categorizes risk as anything that can injure your
reputation, competitiveness, and strategic growth.
Our fav Riskonnect features
Administration tool that integrates systems, people, and claims
Internal auditing for managing complex procedures
Simple prompts in the accident reporting module
Riskonnect pros
Ease of use
Highly configurable features
Consolidates data from multiple sources
Riskonnect cons
Limited customization
Lacking multiple features in its mobile app
Riskonnect pricing
Contact Riskconnect for all pricing information
Riskonnect reviews
G2: 4/5 (2 reviews)
Capterra: N/A
Mitigate Risks with ClickUp – The Best Risk
Management Platform for Your Team
While there are tons of tools promising real-time reports, time and budget tracking, or auditing.
At the end of the day, your business will benefit more from a platform that can do it all—without
disrupting your current tech stack or adding another window to your already crowded browser.
ClickUp is your best of both worlds solution for risk management. Optimize your product and
project processes while spotting risk from a mile away with hundreds of customizable features
including Dashboards, Goals, multiple ways to chat, and so much more.
It costs absolutely nothing to start mitigating risk on ClickUp’s Free Forever Plan.
Stop risks in their tracks and sign up ClickUp today.💯
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