ERIC logo

ERIC

by 1st Risk Solutions · Since 2016
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ActiveAvailable globallyCloud
Quick facts
Vendor1st Risk Solutions
Year launched2016
StatusActive
LocationLondon 1st Risk Solutions Ltd. 2nd Floor 55 Ludgate Hill London EC4M 7JW United Kingdom
Countries servedGlobal
Languages7
Integrations
Free tier
Free trial
Contact salesYES

About ERIC

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ERIC, by 1RS, presents itself as a modern solution designed to alleviate the burdens of traditional, spreadsheet-driven Governance, Risk, and Compliance management. The core premise is a shift towards automation and centralized control, aiming to provide organizations with a holistic view of their GRC landscape. The platform's emphasis on an "intuitive and interactive" user experience suggests a conscious effort to minimize the learning curve, a critical factor for adoption, particularly within departments often resistant to technological change. The interlinked modules, a cornerstone of ERIC's design, promise a seamless flow of information, enabling users to navigate between related functionalities with ease. Interactive dashboards, a visually appealing feature, are intended to translate complex data into actionable insights, further enhanced by the ability to download charts and reports for presentation purposes. Functionally, ERIC aims to cover a broad spectrum of GRC activities. The automated alert system is a notable feature, designed to ensure timely follow-ups on critical tasks such as control testing, committee meetings, and risk assessments. This proactive approach to task management can significantly reduce the risk of oversight and non-compliance.

Pros & Cons

What users like
  • +Automates GRC processes for efficiency
  • +Provides rich reporting and analytics tools
  • +Enhances accountability and security
  • +Offers policy attestation and regulatory compliance tracking
  • +Customizable alerts and notifications
What users flag
  • Limited public information on integrations
  • No mention of a free trial or freemium model
  • Pricing information not readily available
  • No detailed list of supported industries and geographies

Features

Key features

1. Intuitive Interface
Easy-to-use, interactive platform for GRC teams
2. Interactive Dashboards
Rich reporting with downloadable charts and presentations
3. Automated Alerts
Custom alerts for tasks like compliance approvals and risk assessments
4. Policy Attestation
Automation of policy management and attestations
5. Compliance Approval Management
Approval automation for conflicts of interest, financial promotions, etc.
6. Regulatory Rule Mapping
Auto alerts for rule changes and regulatory mapping

Additional features

1. Risk & Compliance Automation
Streamlining compliance workflows
2. Centralized Data Management
Single version of the truth for risk and compliance data
3. Security & Accountability
Improved security and role-based access
4. Reporting & Analytics
Comprehensive reporting tools
5. Governance & Assurance
Enables structured governance and assurance practices

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
7
Interface languages
11
Billing currencies

Interface languages

EnglishSpanishFrenchGermanPortugueseItalianDutch

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇨🇳CNY🇮🇳INR🇲🇽MXN🇸🇬SGD

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