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 by Tracker Networks is a comprehensive Enterprise Risk Management (ERM) software designed to help organizations identify, track, and manage business and cyber risks that impact their strategic objectives, customer relationships, supplier interactions, critical data, and technology resources. The software aims to lower risks, save money, improve service, and increase revenue by providing a user-friendly, intuitive platform for risk management. The user interface of Essential ERM is designed to be highly intuitive and user-friendly, making it accessible even for those without prior risk management experience. The interface features clean, practical screens and visual workflows that guide users through the risk identification and management process. Unique design elements, such as risk bow tie diagrams and automated risk voting, enhance the user experience and facilitate a deeper understanding of risk scenarios. In terms of functionality, Essential ERM offers a range of distinctive features that set it apart from its competitors. These include risk appetite and strategy-based risk management, KRIs/KPIs, action plan management, and integrated operational risk management.
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.
Features
Key features
- 1. Risk Management
- Comprehensive risk management capabilities, including risk identification, assessment, prioritization, and mitigation.
- 2. Compliance Management
- Tracks compliance with regulations and standards, ensuring adherence to legal and industry requirements.
- 3. Incident Management
- Manages and tracks incidents, root cause analysis, and corrective actions.
- 4. Key Risk Indicators (KRIs)
- Monitors and tracks key risk indicators to identify potential risks and opportunities.
- 5. Reporting and Analytics
- Generates customizable reports and dashboards to provide insights into risk performance.
Additional features
- 1. Risk Bow Tie Diagrams
- Visualizes risk scenarios and their potential consequences.
- 2. Risk Voting
- Enables collaborative risk assessment and prioritization through automated voting processes.
- 3. Strategy Planning and Execution
- Aligns risk management with strategic objectives.
- 4. Customizable Workflows
- Tailors workflows to specific business needs and processes.
- 5. Role-Based Access Control
- Ensures data security and privacy by limiting access to authorized users.
- 6. Integration Capabilities
- Integrates with other systems to streamline data flow and improve efficiency.
- 7. Mobile Access
- Provides mobile access to key features and functions.
- 8. Data Export and Import
- Enables data transfer and analysis with other tools and systems.
- 9. Customer Support
- Offers dedicated customer support and training resources.
Pricing
Monthly plans
Starter
USD 299
Countries & Languages
Interface languages
Billing currencies
No reviews yet
Be the first to drop a review
Alternatives to Essential ERM
RiskGuard Tax
RiskGuard Tax is a tax compliance software from FintechX Co. that supports businesses in managing…
Riskbloq
Riskbloq is a crypto investment platform from Riskbloq that helps users make informed investment decisions.…
Risk 360
Risk 360 is a comprehensive risk assessment platform from Pngme that combines traditional and alternative…
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
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
Plans
Monthly plans
Starter
USD 299
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.
Essential ERM's Support Options
Email Address
success@trackernetworks.comEssential ERM's Alternatives
RiskGuard Tax
RiskGuard Tax is a tax compliance software from FintechX Co. that supports businesses in managing…
Riskbloq
Riskbloq is a crypto investment platform from Riskbloq that helps users make informed investment decisions.…
Risk 360
Risk 360 is a comprehensive risk assessment platform from Pngme that combines traditional and alternative…
