Best Operational Risk Management Software - Page 4
Operational risk management software identifies, assesses, and mitigates operational risks across an organization to prevent losses stemming from human behavior, inconsistent processes, technology issues, or external events. These tools centralize risk strategies, streamline collaboration among compliance teams and department managers, and support broader governance, risk, and compliance (GRC) efforts and enterprise risk management efforts.
Operational risk management solutions often integrate with systems such as ERP systems, accounting software, IT risk management tools, and EHS software, while also supporting business resilience initiatives alongside tools like business continuity management software.
Core Capabilities of Operational Risk Management Software
To qualify for inclusion in the Operational Risk Management category, a product must:
- Support methodologies, frameworks, laws, and regulations for operational risk management such as ISO 31000 and COSO
- Provide workflows to define and assign tasks related to operational risk management
- Utilize heat maps, risk scoring, scenario analysis, dynamic dashboards, and other risk assessment metrics for analysis and reporting
- Integrate and align operational risks with business processes and company policies
- Analyze operational incidents and facilitate remediation
How Operational Risk Management Software Differs from Other Tools
Operational risk management software focuses specifically on identifying and mitigating risks tied to day-to-day operations, whereas broader GRC platforms encompass governance and compliance initiatives beyond operational processes. These tools also differ from incident management systems by combining risk identification, scoring, analysis, and remediation within a unified operational context.
Insights from G2 Reviews on Operational Risk Management Software
According to G2 review data, users highlight the value of centralized risk visibility, customizable workflows, and the ability to integrate risk insights across departments. Reviewers also emphasize the importance of intuitive dashboards and scenario analysis capabilities that help them proactively manage and mitigate operational risks.
Featured Operational Risk Management Software At A Glance
G2 takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports. Learn about our scoring methodologies.
- Overview
- User Satisfaction
- Seller Details
Complete Risk and Analysis Toolkit in Excel The DecisionTools Suite is an integrated set of quantitative data analysis programs that remove uncertainty in decision-making through probabilistic risk
- 100% Mid-Market
399 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
The fullCircle GRC platform provides organizations with all the necessary tools to assess, build, and manage their security and compliance programs. It is backed by the experts at risk3sixty who can h
- 69% Mid-Market
- 19% Enterprise
406 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
For finance and procurement teams who are drowning in manual vendor onboarding tasks, PaymentWorks digital supplier onboarding mitigates vendor fraud and compliance risk. Unlike traditional supplier
- 60% Enterprise
- 30% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Robin RAMS has been designed by RAMS engineers to support Reliability, Maintainability and Safety analyses the easy way. Forget overcomplicated interfaces and focus on RAMS work. Robin RAMS is the per
- 67% Small-Business
- 33% Mid-Market
- Overview
- User Satisfaction
- Seller Details
ModelRisk is an Excel add-in that allows the user to include uncertainty in their spreadsheet models.
- 67% Enterprise
- 33% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Process Street is a Compliance Operations Platform that helps teams run their most critical processes the right way, every time. Powered by AI agents, it ensures that policies are enforced, tasks are
- CEO
- Owner
- Real Estate
- Information Technology and Services
- 70% Small-Business
- 24% Mid-Market
2,768 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Serenity is a cutting-edge AI-powered Environmental, Health, and Safety (EHS) software solution designed to assist organizations in managing their safety protocols and compliance requirements effectiv
- 38% Mid-Market
- 38% Enterprise
- Overview
- User Satisfaction
- Seller Details
MetricStream Enterprise Risk Management enables a structured and systematic approach towards managing organizational risks. Built on the M7 Integrated Risk Platform - intelligent by design and support
- 50% Enterprise
- 50% Mid-Market
4,397 Twitter followers
- Overview
- User Satisfaction
- Seller Details
RPX Recovery Planner integrates with the RPX BCM software so that from a mobile device users can utilize Plans and easily manage crisis communications.
- 50% Enterprise
- 50% Small-Business
1,049 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Active Risk Manager (ARM) one of the most audited risk management solutions in the world.
- 100% Enterprise
- 50% Mid-Market
1,254 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
SignalX is a Risk Intelligence AI used to assess suppliers, vendors customers and other counterparties. SignalX runs hundreds of checks & analyses on any given entity, serving a key role in Due Di
- 50% Mid-Market
- 50% Small-Business
- Overview
- User Satisfaction
- Seller Details
SmartCompliance is a Certificate of Insurance Tracking and Compliance Management Software that is designed to simplify the process of collecting, tracking, and monitoring Certificates of Insurance (C
- 100% Small-Business
3,252 Twitter followers
- Overview
- User Satisfaction
- Seller Details
TRAC is an integrated risk management solution designed to simplify compliance and provide critical data to drive better decision-making. This comprehensive tool offers a suite of modules, including V
- 50% Small-Business
- 50% Mid-Market
1,303 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Cority is a comprehensive Environmental, Health, and Safety (EHS) software solution designed to empower organizations in managing their EHS responsibilities effectively. This platform caters to a wide
- Hospital & Health Care
- Oil & Energy
- 62% Enterprise
- 30% Mid-Market
2,312 Twitter followers
- Overview
- User Satisfaction
- Seller Details
BMI, a Fitch Solutions company, offers comprehensive Country Risk and Industry Research services, providing critical insights into over 200 global markets and more than 20 industries. With nearly four
- 100% Enterprise
3,724 Twitter followers
