About Ballast
Ballast is a risk management software from LBMC designed to help organizations manage risk and compliance effectively. It combines risk assessment, vendor risk management, and facilitated risk assessment so users can spend less time on assessments and more time on active risk management. Ballast automates the risk assessment process, supporting organizations in simplifying their vendor risk management programs while allowing them to use LBMC's expertise. This reliable platform ensures the compliance needs are met efficiently, ultimately improving the organization's overall risk posture. Key capabilities: risk assessment vendor risk management facilitated risk assessment compliance tracking reporting Best for: organizations that need to manage risk and compliance efficiently.
Ballast Details
Ballast's In-App Market Place
Does Ballast have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
AUD ($), CAD ($), EUR (€), GBP (£), USD ($)
Pros & Cons
- Automates and simplifies risk assessments and vendor audits, reducing time and replacing error-prone spreadsheets.
- Vendor-risk management capabilities help organisations control third-party exposure, critical for compliance and supply-chain security.
- Dashboards and reporting tools provide clear visibility of risk posture, remediation status, and compliance gaps.
- Flexibility in control frameworks and custom assessments allows adaptation to different regulatory requirements or internal policies.
- For small organisations with minimal compliance demands, the full feature set may be more than required.
- Effectiveness depends on correct configuration and consistent use — risk assessment is only as good as the input and follow-up.
- Remediation still requires organisation commitment; the tool helps identify issues, but people and processes must act on them.
- Organisations using non-standard frameworks or regulatory environments may need to adapt templates for local regulations.