Enterprise Risk Management (ERM) Software
Prepare for Tomorrow’s Surprises Today
LogicManager’s Enterprise Risk Management Software provides a risk-based approach to connect all your enterprise risk management, governance, and compliance activities in one centralized hub. By focusing on materiality and priorities, you can save time while improving your business performance with a structured and systematic approach.
Request a demo today to discover how LogicManager’s ERM software can empower your organization to uphold their reputation, anticipate what’s ahead, and improve business performance through strong governance.
Thinking Forward: Enterprise Risk Management for 2024 & Beyond
Going into 2024, the connectivity of your ERM program across the organization will prove to be a key driver of success. ERM is an essential component of corporate governance and is crucial for navigating today’s dynamic risks and regulations. Learn how to take a proactive and forward-thinking approach to your governance, risk, and compliance activities.
Take a Risk-Based Approach
Taking a risk-based approach to running a business means preparing for tomorrow’s surprises today – within all areas of your organization. LogicManager is an enterprise risk management (ERM) platform, which means we help you do just that.
The LogicManager Difference
We take the risk so you do not have to. We evaluate each solution’s effectiveness to ensure your success and hold ourselves accountable with an unconditional money-back guarantee. We are dedicated to evolving with you as your needs expand.
Our fixed pricing model offers unlimited licensing and everything you need to succeed in risk management. With no surprise fees, our no-code technology allows for easy configuration and we provide additional support from our advisory team at no extra cost.
We’re not just a software provider, but your trusted partner in enterprise risk management. From one-on-one training sessions to answering technical and best-practice questions, our dedicated advisory analysts are with you every step of the way.
Streamline your Risk Management Program with the Leading ERM System
Your Business is the Sum of Many Different Parts and All of Them are Connected by Risk
The connected methodology behind our enterprise risk management software extends across every solution area of LogicManager. So no matter what your goals are, you’re always taking a standardized, meaningful, and actionable approach thanks to our risk management solution.
With LogicManager’s automated ERM system, you can streamline your risk management processes. Our cloud-based software is easy to use and allows you to engage the people involved in any governance process with automatic notifications and reminders. Track the status of projects by maintaining a real-time visual on what risk assessment tasks are outstanding and complete.
FAQs: Enterprise Risk Management Software
Enterprise Risk Management (ERM) software is a tool that enables organizations to identify, assess, monitor, and manage risks across the entire enterprise. It provides a systematic approach to risk management that helps companies prioritize and mitigate risks more effectively. ERM software typically includes a range of features and capabilities, such as risk assessment and analysis tools, risk monitoring and reporting, incident management, compliance management, and more.
With ERM software, organizations can gain a holistic view of their risk landscape and identify potential risks that may not have been apparent before. It also helps companies to streamline their risk management processes, reduce duplication of efforts, and improve collaboration between different departments and stakeholders. By using ERM software, organizations can proactively manage risks and compliance requirements, reduce the likelihood of negative events, and ensure they are in compliance with regulatory requirements.
Overall, ERM software is an essential tool for any organization that wants to take a proactive approach to risk management and compliance. It can help businesses make informed decisions, minimize potential risks, and protect their reputation and financial stability.
Your ERM software should feature tools that allow you to take a risk-based approach to every activity across your enterprise. ERM software may include tools for identifying and assessing risks, risk mitigation suggestions, risk monitoring strategies, reporting engines, advisory services and more. With ERM software, you ideally apply this risk-based methodology to every process and department in your organization.
The price of ERM software varies greatly depending on which vendor you select. Some ERM software vendors offer platforms for $20,000 or less, while others offer more premium applications and services that put their prices higher, closer to $40,000. To determine the price of an ERM software vendor, since software product offerings often greatly vary based on user needs, you’ll usually need to meet with a representative from their company to receive a customized quote. It’s also important to note that in many cases, the cost of professional services that are needed to use an ERM platform can be significantly more expensive than the cost of the actual software.
You may not need ERM software if your company is very small, with no board of directors or governing bodies. However, ERM software may be right for you if your company is publicly traded, has multiple locations, is subject to regulatory requirements, operates in a volatile industry or has a history of or subjectivity to negative public perception. Perhaps at this point in your company history no serious risks have taken place, however, without an enterprise-wide view, unforeseen risks could arise at any given moment. Click here to learn more about the value of ERM software.
Request a Demo
Learn How LogicManager’s ERM Software Can Transform Your Risk Management Program
Speak with one of our risk specialists today and discover how you can empower your organization to uphold their reputation, anticipate what’s ahead, and improve business performance through strong governance.
