Pelican ERM logo

Pelican ERM

by Vose Software · Since 2005
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ActiveAvailable globallyCloud
Quick facts
VendorVose Software
Year launched2005
StatusActive
LocationKompasplein 14, 9000 Gent, Belgium VAT BE0895601691
Countries servedGlobal
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About Pelican ERM

Pelican ERM is the "Scientific Method" for corporate risk. It excels by replacing gut feeling with quantitative certainty, allowing executives to see exactly how much money is at risk at any given moment.

Pelican ERM is the "Scientific Method" for corporate risk. It excels by replacing gut feeling with quantitative certainty, allowing executives to see exactly how much money is at risk at any given moment. For a Project Manager or Business Analyst, its value lies in Clarity and Justification—it provides the hard data needed to prove why a specific mitigation budget is necessary. It is the premier choice for capital-intensive industries where "guessing" is not an option.

Pros & Cons

Pros
  • Vose is known for being more flexible with billing and licensing
  • Users can often save 30% or more on insurance premiums by using Pelican's data to model better policies.
  • Ensures that a high-risk rating is interpreted consistently across departments.
Cons
  • Documentation and interface are primarily focused on English-speaking markets.
  • Moving from a simple spreadsheet to a quantitative register requires a disciplined data-collection phase.
  • Users need a basic understanding of risk math to get the most value.

Features

Key features

Precise Risk Ranking

Uses "Value at Risk" (VaR) and other quantitative metrics to rank risks by their actual impact on corporate objectives.

Cost-Benefit Analysis

Uses automated simulation to determine the most cost-effective way to manage or treat a specific risk.

FAIR-Style Cyber Risk

Includes specialized tools for quantifying the financial impact of cybersecurity incidents.

Full Bowtie Analysis

Visually maps out the causal chain (drivers) and consequences for every risk, with automated quantitative mapping.

Quantitative Risk Aggregation

Automatically simulates and aggregates financial exposure across different entities to compare against risk appetite thresholds.

Additional features

Attachment Support

Allows users to attach files, comments, and evidence to any risk entry.

Scenario Analysis

Runs "What-if" simulations to evaluate the effectiveness of different risk strategies.

Risk Appetite Tools

Harmonizes appetite thresholds across different business units or projects.

Historical Data Log

Maintains a complete, automated record of every change made to risk data for audit purposes.

Dependency Analysis

Identifies how much a business relies on specific individuals or third parties to manage risk.

Individual Profile Pages

Displays specific risk management tasks and responsibilities for every team member.

Interconnected Risk Maps

Allows risks to be linked to show cascading effects and causal chains.

KPI & KRI Tracking

Monitors Key Performance and Key Risk Indicators to spot emerging trends.

Live User Dashboard

A customizable reporting platform accessible via PC, tablet, or smartphone.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
3
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP

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