Best Operational Risk Management Software - Page 5
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
- Pros and Cons
- User Satisfaction
- Seller Details
MasterControl Quality Excellence is the #1 Quality Management System (QMS) in life sciences. Built on an AI-driven platform, it enables life-sciences companies to enable flexible quality event managem
- Quality Assurance Specialist
- Quality Engineer
- Pharmaceuticals
- Medical Devices
- 65% Mid-Market
- 26% Enterprise
6,301 Twitter followers
- Overview
- User Satisfaction
- Seller Details
MetricStream Operational Risk Management provides a comprehensive set of capabilities to establish risk management discipline. Built on the M7 Integrated Risk Platform - intelligent by design, it embo
- 100% Enterprise
4,397 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Continuity is the recognized RegTech leader, providing compliance management solutions that create a competitive advantage for our clients. We combine our RegTech expertise with technology to deliver
- 100% Mid-Market
1,049 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Predict360 is an enterprise-level risk management software that allows risk specialists to monitor, handle, and act on risks while maintaining visibility across the entire company. It offers risk stak
- 100% Small-Business
334 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Using Qualityze risk management software, you can manage various risks impacting brand equity, product quality, and safety. This tool gives organizations a comprehensive image of their risk landscape
- 100% Mid-Market
231 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
riskcloud.NET is a cloud-based enterprise risk management software conforming to ISO31000 enabling to better manage risk.
- 100% Enterprise
- Overview
- User Satisfaction
- Seller Details
Secutify Solo is a lean software solution to create risk assessments for machinery. It helps engineers to create risk assessments for machinery safety according to the machinery directive and the requ
- 100% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Snow Software is changing the way organizations understand and manage their technology consumption. Our technology intelligence platform provides comprehensive visibility and contextual insight across
- Information Technology and Services
- 57% Enterprise
- 35% Mid-Market
4,744 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Squirro is the only European vendor to be named an Emerging Leader in the ‘Gen AI Engineering’ and ‘AI Knowledge Management Apps/General Productivity’ Emerging Market Quadrants 2025. Data finds pur
- Computer Software
- 40% Mid-Market
- 40% Small-Business
969 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Vantage Technologies is a UK-based SaaS provider delivering governance, risk, and compliance solutions for healthcare and charity organisations. Our mission is simple yet powerful: to help organisatio
- 50% Mid-Market
- Overview
- User Satisfaction
- Seller Details
See how KMS combines EHS, Quality, and Operational Risk management in one seamless system for better business performance.
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
WolfPAC's online suite of enterprise risk assessment tools and risk management plans incorporate risks into a single, integrated solution.
- 100% Small-Business
226 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Chiron App is an award-winning data science platform and a model validation tool specifically designed to equip model risk managers, data scientists, and model validators with an AI-driven tool that h
- 100% Mid-Market
- Overview
- User Satisfaction
- Seller Details
The 4C Resilience Platform is an AI-assisted software solution designed to empower organizations by integrating risk, continuity, incident, crisis, and exercise management into a unified system. This
712 Twitter followers
- Overview
- User Satisfaction
- Seller Details
The Riliance system breaks compliance down into small manageable components making it easy to implement and control.
4,152 Twitter followers
