### Contents - [**Articles**](#resources-articles) - [**Glossary Terms**](#resources-glossary_terms) - [**Discussions**](#resources-discussions) - [**Reports**](#resources-reports) # Operational Risk Management Software Resources ##### Articles, Glossary Terms, Discussions, and Reports to expand your knowledge on Operational Risk Management Software Resource pages are designed to give you a cross-section of information we have on specific categories. You'll find [articles](#resources-articles) from our experts, [feature definitions](#resources-glossary_terms), [discussions](#resources-discussions) from users like you, and [reports](#resources-reports) from industry data. [ContentsExpand/Collapse Contents](#) - [**Articles**](#resources-articles) - [**Glossary Terms**](#resources-glossary_terms) - [**Discussions**](#resources-discussions) - [**Reports**](#resources-reports) ## Operational Risk Management Software Articles [![AI in Fintech: Use Cases and Impact](https://learn.g2.com/hubfs/architecture-buildings-city-219692.jpg "AI in Fintech: Use Cases and Impact")](https://www.g2.com/articles/ai-in-fintech-use-cases-and-impact) [ ### AI in Fintech: Use Cases and Impact ](https://www.g2.com/articles/ai-in-fintech-use-cases-and-impact) Artificial intelligence (AI) has proven useful to financial services institutions in multiple ways. From detecting potentially fraudulent charges to automating complex credit and loan processes, AI-powered fintech has proven invaluable when it comes to internally engineering value for financial services institutions. [ ![Patrick Szakiel](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Patrick Szakiel") PS ](https://learn.g2.com/author/patrick-szakiel) by Patrick Szakiel [![What Is Regtech? (+4 Types of Regtech Solutions)](https://learn.g2crowd.com/hubfs/Stock%20images/business%20hand%20pull%20rope%20open%20wrinkled%20paper%20show%20COMPLIANCE%20design%20text%20as%20concept.jpeg "What Is Regtech? (+4 Types of Regtech Solutions)")](https://www.g2.com/articles/regtech) [ ### What Is Regtech? (+4 Types of Regtech Solutions) ](https://www.g2.com/articles/regtech) Compliance is a pain. Regulatory technology (regtech) solutions are designed to ease the burden for financial services companies that must stay compliant with strict regulatory statutes.  [ ![Patrick Szakiel](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Patrick Szakiel") PS ](https://learn.g2.com/author/patrick-szakiel) by Patrick Szakiel ## Operational Risk Management Software Glossary Terms [![Hazard Rate](https://learn.g2.com/hubfs/G2CM_GI420_Glossary_Article_Images-%5BHazard_Rate%5D_V1b.png "Hazard Rate")](https://www.g2.com/glossary/hazard-rate-definition) [Hazard Rate](https://www.g2.com/glossary/hazard-rate-definition) Hazard rate measures the probability that an item will fail at a given time. Learn the formula, use cases, and how it differs from the hazard ratio. by Whitney Rudeseal Peet [![Risk Management](https://learn.g2.com/hubfs/G2CM_GI474_Glossary_Article_Images-%5BRisk_Management%5D_V1b.png "Risk Management")](https://www.g2.com/glossary/risk-management-definition) [Risk Management](https://www.g2.com/glossary/risk-management-definition) Risk management is a strategy meant to reduce the impact of potential threats. Learn more about the steps involved in risk management and its benefits. by Whitney Rudeseal Peet ## Operational Risk Management Software Discussions 0 Question on: LogicManager [How do you build a business case for investing in ERM?](/discussions/how-do-you-build-a-business-case-for-investing-in-erm) How do you build a business case for investing in ERM? Building a business case for ERM starts with shifting the conversation from “we need software” to “here’s the risk we’re carrying today and the value we’re missing.” A practical way to do that: 1. Start with current pain points Most organizations rely on spreadsheets or disconnected tools. That leads to inconsistent risk language, manual reporting, and limited visibility. It also creates real exposure. Spreadsheets lack audit trails, are prone to errors, and make it difficult to aggregate and report risk data 2. Quantify inefficiency and hidden costs Risk teams often spend more than half their time collecting data and building reports instead of managing risk. That’s time leadership is paying for but not getting value from You can frame this simply: • How many hours are spent chasing data? • How long does it take to produce a board report? • Where are we duplicating work across teams? 3. Highlight the risk of inaction Without a structured system, you have blind spots. Risks stay siloed, root causes go unnoticed, and leadership lacks a complete picture. In many cases, organizations don’t realize the same risk is being managed multiple times in different departments 4. Connect ERM to real outcomes ERM is not just about compliance. It helps: • Reduce fraud, waste, and errors • Improve decision-making with better data • Eliminate duplicate work across teams • Increase transparency from the front line to the board 5. Use maturity as a benchmark Frameworks like the Risk Maturity Model (RMM) help show where your program stands today and what improvement looks like. More mature programs are not just more organized. They are more repeatable, more scalable, and more valuable to the business 6. Tie it to financial impact This is what leadership cares about most. Research shows organizations with mature ERM programs can see up to a 25% increase in firm value You can also point to: • Time savings from automation • Reduced audit and compliance costs • Avoided losses from missed risks At the end of the day, a strong business case for ERM is not about buying a tool. It’s about showing that your current approach creates inefficiency, blind spots, and real financial risk, while a structured, risk-based program improves performance and protects the organization. Answered: Katrina Schmelter on March 20, 2026 [Your answer](/discussions/how-do-you-build-a-business-case-for-investing-in-erm/comments/new?remote=true) 0 Question on: LogicManager [How does enterprise risk management help improve business results?](/discussions/how-does-enterprise-risk-management-help-improve-business-results) How does enterprise risk management help improve business results? Enterprise risk management improves business results by helping organizations focus on what actually matters and act on it with confidence. Here’s how that shows up in practice: 1. It surfaces the Risk Ripple ERM connects risks across the organization, so issues don’t stay isolated. You can see how a breakdown in one area impacts others, which helps prevent downstream surprises instead of reacting after the fact. 2. It improves decision-making with board-ready reporting ERM provides consistent, reliable data that can be reported to leadership and the board. This supports better decisions and demonstrates that proper oversight and reporting systems are in place. 3. It reduces cycle times and eliminates duplication ERM creates a common risk language across teams. That reduces redundant work, improves coordination, and speeds up everything from assessments to reporting. 4. It prioritizes what matters most ERM helps filter out noise. Instead of spreading resources thin, organizations can focus time and investment on the highest-impact risks and avoid waste in low-priority areas. 5. It strengthens oversight and accountability Clear ownership, consistent processes, and transparent reporting ensure risks are actively managed and not ignored. This reduces exposure to fraud, waste, and negligence. 6. It drives measurable financial value Companies with mature ERM programs, as measured by the Risk Maturity Model, have been shown to realize up to 25% higher firm value in a study by Queen’s University. In short, ERM improves business results by making risk visible, comparable, and actionable so organizations can allocate resources more effectively and operate with fewer surprises. Answered: Katrina Schmelter on March 20, 2026 [Your answer](/discussions/how-does-enterprise-risk-management-help-improve-business-results/comments/new?remote=true) 0 [What are the best ORM systems for reducing software project risks?](/discussions/what-are-the-best-orm-systems-for-reducing-software-project-risks) Hey G2! I want to start a discussion with this community to identify the best operational risk management systems for reducing risks in software projects. See the list below and let me know your thoughts. I'm focused on tools that help software teams track project-level risks, manage audits, and ensure security or compliance during development and deployment cycles. Here are some of the top-rated options from G2’s [Operational Risk Management Software](https://www.g2.com/categories/operational-risk-management) category: - [Pirani](https://www.g2.com/products/pirani/reviews): Lightweight platform with controls tracking, policy management, and issue resolution features. Helps dev teams formalize risk governance. - [Fusion Framework System](https://www.g2.com/products/fusion-framework-system/reviews): Combines continuity planning, incident management, and operational risk mapping. Supports cross-team visibility for software delivery risks. - [Ncontracts](https://www.g2.com/products/ncontracts-ncontracts/reviews): Vendor risk, compliance, and audit tracking tools that benefit software firms with external dependencies or regulatory exposure. - [Strike Graph](https://www.g2.com/products/strike-graph/reviews): Designed for SOC 2 and ISO 27001 readiness. Helps software teams document controls and prepare for audits while shipping securely. - [IBM OpenPages](https://www.g2.com/products/ibm-openpages/reviews): Robust enterprise GRC solution with customizable workflows. Ideal for larger software orgs that need integrated oversight of risk, compliance, and project operations. What ORM systems have helped your team reduce software development risks? Any advice on where they fit best in the product lifecycle or dev workflow? I would try Pirani or Ncontracts for a reliable ORM solution. Answered: Evan Sherbert on June 25, 2025 [Your answer](/discussions/what-are-the-best-orm-systems-for-reducing-software-project-risks/comments/new?remote=true) - [‹ Prev‹ Prev](/categories/operational-risk-management/resources) - [1](/categories/operational-risk-management/resources) - 2 - [3](/categories/operational-risk-management/resources?discussions_page=3) - [4](/categories/operational-risk-management/resources?discussions_page=4) - [5](/categories/operational-risk-management/resources?discussions_page=5) - [6](/categories/operational-risk-management/resources?discussions_page=6) - … - [13](/categories/operational-risk-management/resources?discussions_page=13) - [14](/categories/operational-risk-management/resources?discussions_page=14) - [Next ›Next ›](/categories/operational-risk-management/resources?discussions_page=3) ## Operational Risk Management Software Reports Momentum Grid® Report for Operational Risk Management Summer 2026 G2 Report: Momentum Grid® Report Mid-Market Grid® Report for Operational Risk Management Summer 2026 G2 Report: Grid® Report Enterprise Grid® Report for Operational Risk Management Summer 2026 G2 Report: Grid® Report Grid® Report for Operational Risk Management Summer 2026 G2 Report: Grid® Report Grid® Report for Operational Risk Management Spring 2026 G2 Report: Grid® Report Enterprise Grid® Report for Operational Risk Management Spring 2026 G2 Report: Grid® Report Mid-Market Grid® Report for Operational Risk Management Spring 2026 G2 Report: Grid® Report Momentum Grid® Report for Operational Risk Management Spring 2026 G2 Report: Momentum Grid® Report Mid-Market Grid® Report for Operational Risk Management Winter 2026 G2 Report: Grid® Report Momentum Grid® Report for Operational Risk Management Winter 2026 G2 Report: Momentum Grid® Report