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 is a cloud-based risk-assessment and compliance platform designed to simplify and modernize how organizations identify, evaluate, and manage risks across operations, vendors, and regulatory requirements. Its user-friendly interface allows teams to quickly deploy assessments, whether for a single department or multiple locations, guiding users through threat identification, control evaluation, and risk scoring. The platform provides real-time dashboards that offer at-a-glance visibility into organizational risk posture, making it easier to prioritize high-risk areas and track progress on mitigations. BALLAST supports assigning remediation tasks, documenting evidence, and maintaining audit-ready records, which is essential for regulatory compliance and internal accountability. One of its notable strengths is scalability, as it accommodates small businesses as well as large enterprises, including those in highly regulated industries such as healthcare, finance, and manufacturing. The platform also includes a public API, enabling integration with enterprise dashboards, analytics tools, and other systems to monitor key risk indicators, track trends over time, and inform strategic decision-making.
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.
Features
Key features
Lets organisations run security and compliance assessments effectively, replacing spreadsheets and documents with a streamlined web-based tool.
Enables assessment of vendors or third-party partners, ranking vendor risk, and tracking compliance status across multiple organisations.
Supports deploying one or hundreds of assessments across many facilities or business units, with dashboards that visualise risk at a glance.
Identifies high-risk issues and lets you prioritise, assign, and track remediation tasks to address vulnerabilities or compliance gaps.
Offers dashboards summarising risk status, control implementation, remediation progress, and overall compliance posture for management oversight and audits.
Additional features
Comes with a library of frameworks and controls for different compliance standards, and allows custom assessments based on organisational needs.
Lets you filter and search controls by area or theme, view guidance, add comments or attachments, and flag items for review or remediation.
Allows classification of vendors by contract size, data-handling criticality, or other criteria, and applies risk scoring to prioritise vendor-related risks.
Enables organisations with multiple subsidiaries or companies to track risk across the whole group and benchmark entities against each other.
Offers the option for external experts to perform initial assessments or help set up compliance programs, useful for organisations lacking in-house security or compliance staff.
Pricing
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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.
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