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LogicManager

by LogicManager · Since 2006
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ActiveCloud
Quick facts
VendorLogicManager
Year launched2006
StatusActive
Location6 Liberty Square #2316 Boston, MA 02109
Countries servedN/A
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About LogicManager

LogicManager is an Enterprise Risk Management (ERM) platform that helps organizations connect risk activities to strategic goals. It provides a holistic view to identify risk relationships, manage compliance, and improve business performance.

LogicManager is a comprehensive, SaaS-based Enterprise Risk Management (ERM) platform designed to provide a holistic view of an organization's risk landscape. It centralizes various governance, risk, and compliance (GRC) activities, including internal audits, third-party risk, business continuity, and regulatory compliance. The platform aims to break down departmental silos, revealing hidden connections between risks and their potential impact on strategic business goals. Key features include risk identification, assessment, mitigation, monitoring, and reporting, enhanced by AI-powered tools like 'Risk Ripple' analytics. LogicManager's pricing is quote-based and follows a 'Jobs-to-be-Done' model, focusing on outcomes rather than user seats. The service includes dedicated advisory support from onboarding through the entire customer lifecycle. It is a cloud-based solution accessible via a web browser.

Pros & Cons

Pros
  • Provides a holistic, centralized platform for managing all aspects of enterprise risk.
  • Includes dedicated advisory and support services with a fixed-price model.
  • AI-powered analytics help uncover hidden risks and their potential impacts.
  • Offers a wide range of solutions for different risk areas like compliance, security, and third-party management.
  • Features a 90-day satisfaction guarantee, reducing the risk of investment.
Cons
  • Pricing is not publicly available and requires contacting the vendor for a quote.
  • The platform's comprehensive nature may present a learning curve for new users.
  • No free trial or free tier is mentioned, making it difficult to evaluate before purchase.

Features

Key features

Enterprise Risk Management

Centralizes the entire oversight lifecycle to connect risk activity to strategic goals and business performance.

Risk Identification & Assessment

Provides tools to identify and assess risks across the organization, breaking down departmental silos.

Risk Mitigation

Helps in developing and implementing strategies to mitigate identified risks effectively.

Risk Monitoring

Enables continuous monitoring of risks and controls to ensure they remain effective over time.

Risk Reporting

Offers comprehensive reporting capabilities to provide leadership and the Board with a clear view of the organization's risk posture.

AI-Powered Analytics

Utilizes AI tools like 'Risk Ripple' to uncover hidden risks, predict ripple effects, and boost cross-departmental collaboration.

Compliance Management

Supports adherence to various standards like COSO, ISO, and NIST with a risk-based approach.

Third Party Risk Management

Provides solutions for managing risks associated with vendors and other third parties.

Additional features

Internal Audit Management

Streamlines internal audit processes within the ERM framework.

Business Continuity Planning

Offers tools to manage and maintain business continuity in the face of disruptions.

Policy & Governance

Facilitates the management of policies and ensures strong corporate governance.

Incident & Event Management

Allows for the tracking and management of incidents and events as they occur.

Controls Monitoring

Automates the monitoring of internal controls for effectiveness and compliance.

Customized User Experience

The platform can be tailored to fit the specific needs and workflows of the organization.

Connector Program

Enables integration with other business systems to create a single source of truth.

Dedicated Advisory Support

Includes support from dedicated analysts for onboarding, training, and best-practice consulting.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

—
Countries served
1
Interface languages
—
Billing currencies

Interface languages

English

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