Our Top Picks

Ondato Logo
Ondato
  • Deployment: Web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Automated customer identification
Ondato is a Lithuanian company producing customer identity verification software primarily for the banking and financial industry. The software meets the requirements of the General Data Protection Regulations (GDPR) and ISO 31070. Software solutions include remote photo and video identity verification, as well as facial biometric identification that allows customers to verify their identity before conducting financial transactions. There's also an e-signature verification module. The software is intended for use by the banking, financial, medical, telecommunication, and legal industries, as well as for what's known as the shared economy, such as car sharing service providers. Apart from identity verification, Ondato allows users to verify manual documents, perform credit risk scoring, and upload customer records to CRM software. Regulatory reporting tools and business intelligence dashboards help users manage the system.

Pros & Cons

Pros

  • GDPR compliant
  • Risk assessment
  • Auditing tools

Cons

  • No free trial
  • Pricing not specified
  • Customer risk identification only

What Customers Are Saying

"Brilliant" and "smooth" are just a couple of the terms used to describe Ondato. Users like how the tools integrate with other apps, and they have nothing but praise for how helpful the customer support has been. The major boon for Ondato is that it's really helped companies make the remote worker onboarding process simpler.

Summary

  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Alerts/Notifications
    Yes
Features
  • Deployment: Web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Automated customer identification
Optial Logo
Optial SmartStart
  • Deployment: Windows, web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Corporate risk assessment
Optial is a British company specializing in comprehensive risk management solutions. The software is used by companies in more than 40 countries. Optial SmartStart is a subscription service, but other versions of the software include on-premise and cloud hosting. SmartStart is configured for immediate out-of-the-box use. It helps users comply with local and international risk compliance regulations including OSHA, ISO, British, and international workplace health and safety requirements. Optial includes a full suite of risk assessment and analysis tools such as business continuity planning, incident management, and risk management tools. It has pre-built integrations that allow users to upload data from existing systems. Scenario analysis tools allow users to define and evaluate risk scenarios, assess potential qualitative losses, and define risk probability. Reporting capabilities include interactive dashboards, heat maps, bar charts, and tables. Optial can produce predefined management and regulatory reports.

Pros & Cons

Pros

  • Risk assessment
  • Compliance management
  • Risk auditing

Cons

  • No free trial
  • Pricing not specified

What Customers Are Saying

Users know that when they use Optial SmartStart, they can be confident they're getting accurate results. The dashboard is easy to use, and the audit planning feature makes the auditing process less tedious.

Summary

Optial Logo
Optial SmartStart
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Installed - Windows
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Alerts/Notifications
    Yes
Features
  • Deployment: Windows, web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: 24/7 (live rep), phone during business hours, online
  • Corporate risk assessment
Risk-Management-System Logo
Risk Management System
  • Deployment: Web-based, cloud, SaaS
  • Customer service: 24/7 (live rep), phone during business hours
  • Integrated risk platform
Risk management system from MetricStream is a comprehensive risk management system for assessing and managing corporate risk. It supports a systematic and structured risk management program. Using qualitative and quantitative tools, the system permits organizations to perform a multidimensional analysis of corporate risk. Users can schedule risk assessments to review current and future risks and monitor risk mitigation plans. Interactive dashboards allow users to manage risk mitigation processes and are supported by powerful reporting and analytics capabilities. MetricStream's built-in API facilitates the import and export of data from other corporate systems using various protocols. All data is stored in a centralized data repository that incorporates intelligent risk libraries. Risk management personnel can track performance indicators to ensure compliance in terms of predefined criteria as well as regulatory requirements. Predictive risk indicators highlight future trends and facilitate prompt action to mitigate these risks.

Pros & Cons

Pros

  • Risk assessment
  • Risk auditing
  • Risk compliance

Cons

  • No pricing given
  • No free trial

What Customers Are Saying

MetricStream's Risk Management System has a clean and intuitive interface that makes it easy for users to get into the tool quickly. It's flexible and delivers results almost immediately, helping teams gather real-time cyberintelligence input that can turn into action. Users like the fact that the search feature is great and that it's easy to generate different types of reports with the software.

Summary

Risk-Management-System Logo
Risk Management System
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Business Hours
  • Alerts/Notifications
    Yes
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: 24/7 (live rep), phone during business hours
  • Integrated risk platform
SAS-Financial-Intelligence Logo
SAS Financial Intelligence
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Undisclosed
  • Regulatory risk management
Using proven procedures, SAS Financial Intelligence helps organizations manage financial risk. The centralized solution helps companies identify potential liquidity issues, credit risk, and insurance risk. It aids businesses in complying with the latest Basel III / IV, IFRS, LDTI, and other credit risk requirements. SAS Financial Intelligence integrates with existing risk management platforms to provide a single, unified platform for assessing and reporting risk. Analytic tools help risk professionals perform risk-weighted assessments. As funding and liquidity requirements change, SAS separates these from system upgrades for immediate download so clients are kept up to date with these changes. A credit assessment manager helps evaluate loan portfolios to manage nonperforming loans and regulatory capital requirements. Intuitive dashboards help risk managers visualize organization risk and comply with regulatory guidelines. What-if capabilities help determine the most effective risk mitigation scenarios.

Pros & Cons

Pros

  • Intelligent risk assessment
  • Compliance management
  • Free trial

Cons

  • No pricing given
  • Primarily for financial risk

What Customers Are Saying

SAS Financial Intelligence's ability to distill millions of data rows into a single report helps users quickly get the insight they need. Users like how even those without an IT background can work with such high-level BI tools to get what they want. What makes SAS Financial Intelligence more appealing is that analysts are able to play with the data to solve problems.

Summary

SAS-Financial-Intelligence Logo
SAS Financial Intelligence
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Not Provided
  • Alerts/Notifications
    Yes
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Undisclosed
  • Regulatory risk management
Topia Logo
TOPIA
  • Deployment: Mac, Windows, web-based, cloud, SaaS
  • Customer service: Phone during business hours, online
  • IT operating system protection
TOPIA, from Vicarious, protects software, apps, and operating systems from vulnerabilities. It can detect binary-level threats on almost all types of software, even in the absence of recorded common vulnerability exposure (CVE) records. TOPIA uses a technique known as common vulnerability scoring system (CVSS) and an AI risk scoring engine to identify and prioritize vulnerabilities. The solution automatically recognizes the operating system, identifies the version in use, and checks to see whether updates are missing. Special features include patchless protection that protects software from vulnerabilities until a patch can be deployed. In a similar manner, it offers zero-day protection. TOPIA creates an inventory of your system and deploys prioritized mapping to identify vulnerabilities. TOPIA's cloud-based engine keeps up to date with known cybersecurity issues. Risk are analyzed in real time and security patches applied automatically. A visual dashboard allows IT managers to keep track of vulnerabilities, facilitating fast decision-making.

Pros & Cons

Pros

  • Good integrations
  • Software risk assessment
  • Compliance management

Cons

  • No pricing given
  • For IT systems only

What Customers Are Saying

Customers are raving that from day one, TOPIA helped them significantly decrease their unpatched vulnerabilities and works just as powerfully for shift and remote workers. The automated patching features are convenient because customers can deploy them as necessary. Users like that TOPIA not only tells them there's a problem but gives them tools to eradicate it.

Summary

  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    30-Day Free Trial
  • Deployment
    Installed - Mac
    Installed - Windows
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
    Online
  • Alerts/Notifications
    Yes
Features
  • Deployment: Mac, Windows, web-based, cloud, SaaS
  • Customer service: Phone during business hours, online
  • IT operating system protection

How We Chose the Best Risk Management Software

Risk management is a process for assessing known and unknown risks facing an organization and developing appropriate strategies to mitigate that risk. While often viewed as something primarily affecting insurance companies and banks, it's equally relevant for evaluating corporate risk. We evaluated risk management software on three criteria. These are risk management features, integrations, and reporting capabilities.

Risk Management Features

We evaluate risk management software in terms of several features that improved the quality and value of risk assessment. Risk assessment tools help organizations identify potential loss as well as risk probability. Risk auditing tools help ensure all potential risks are identified. Compliance management includes regular review and updating of risk management plans.

Integrations

We evaluate pre-built integrations with software used in conjunction with risk management software. These include integrations with credit assessment tools, financial systems, human resources software, and project management software.

Reports 

We look for reporting systems that help companies assess and monitor risk management. These include reports for auditing and reporting purposes, as well as those that highlight outstanding issues. Additionally, reports help determine compliance with various risk assessment standards such as Solvency II, Basel II, and the ISO 31000 family.