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Essential ERM

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About Essential ERM

Essential ERM is a complete enterprise risk management platform from Tracker Networks that supports effective risk identification and management. It combines advanced risk analytics with interactive dashboards, Key Risk Indicators (KRIs) with intelligent linking, and predictive risk analytics for proactive management so organizations can make informed decisions. The platform also features an interactive 5x5 risk matrix and bow-tie analysis, along with a centralized risk register that has an easy-to-use interface. These functionalities allow teams to track and assess risks more efficiently and develop strategies to mitigate them. Key capabilities: advanced risk analytics interactive dashboards predictive risk analytics risk matrix centralized risk register Best for: organizations that need comprehensive risk management solutions.

Essential ERM Details

Vendor
Tracker Networks
Year Launched
2009
Location
2869 Bloor St W, Toronto, Ontario M8X 1B3, CA
Deployment
cloud
Training Options
documentation, videos, live online, in person
Countries Served
All Countries
Languages
German, English, French, Spanish
Users
Risk Managers, Compliance Officers, Internal Auditors, Chief Risk Officers, Chief Financial Officers, Board Members, External Auditors.
Industries Served
Accounting, Advisory and Audit Firms, Charities, Non-Profits and Associations, Education, Energy, Utilities & Resources, Financial Services, Fintech Firms, Healthcare, Independent Consultants, Manufacturing, Engineering & Construction, Mutual Insurance, Public Sector, Transportation & Logistics
Tags
Risk Management Software, Essential ERM

Essential ERM's In-App Market Place

Does Essential ERM have an in-app market place?

Yes

How many Mini-Apps in the marketplace?

1

Mini Apps

N/A

Pricing Options

Free trial
Free version
Request a quote
Promo Offer

Accepted Payment Currencies

USD ($)

Pros & Cons

  • 1. Robust Risk Management Framework: The software aligns with industry best practices like ISO 31000 and the Bow Tie methodology, providing a structured approach to risk management.
  • 2. Strategic Alignment: It effectively links risk management to strategic objectives, ensuring that risks are prioritized and mitigated based on their impact on business goals.
  • 3. Flexible and Scalable: The software can accommodate diverse and complex organizations, allowing for the creation of risk portfolios for various business units or projects.
  • 4. User-Friendly Interface: The intuitive design makes it easy to navigate and use, even for non-technical users.
  • 5. Strong Customer Support: The support team is responsive and helpful, addressing customer needs and providing timely assistance.
  • 6. Enhanced Reporting Capabilities: The software offers improved reporting functionalities, including dashboarding and integration with tools like Power BI.
  • 1. Limited Financial Reporting: While the software excels in qualitative risk assessment, it may not fully meet the needs of organizations requiring detailed financial analysis and reporting.
  • 2. Data Entry and Validation: The process of inputting and validating large amounts of risk data can be time-consuming and prone to errors.

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