About Risk Cloud
Risk Cloud is a risk management platform from LogicGate that supports organizations in identifying, assessing, and mitigating risks. It combines risk assessment tools, compliance tracking, and reporting capabilities so teams can maintain a comprehensive view of their risk landscape. Users can customize workflows to fit their specific processes and use data analytics for informed decision-making. Key capabilities: risk assessment tools compliance management reporting capabilities customizable workflows data analytics Best for: organizations that need to manage and mitigate various types of risks effectively.
LogicGate Risk Cloud is a highly flexible and powerful cloud-based GRC platform, particularly well-suited for enterprises that require extensive customization to manage complex risk and compliance programs. Its strengths lie in its no-code approach, which empowers businesses to adapt the system to their unique needs, and its comprehensive suite of GRC applications. The platform's strong customer support, AI capabilities, and extensive integrations offer significant value. However, the modular pricing and need for significant administrative effort for configuration and advanced reporting can make it complex and costly for some organizations. For businesses with dedicated GRC teams seeking a robust, configurable solution, LogicGate Risk Cloud is a strong contender.
Pros & Cons
- +A highly configurable, no-code platform that allows businesses to build workflows and applications to meet their unique GRC needs.
- +Offers robust applications for a wide range of GRC use cases, including ERM, TPRM, internal audit, and policy management.
- +Receives positive reviews for its responsive and knowledgeable customer support team.
- +Provides real-time monitoring and dashboards for tracking risk and compliance programs.
- +Integrates AI capabilities for control mapping and risk monitoring.
- +Offers a wide range of integrations with leading technology solutions for centralizing data and automating tasks.
- −The high level of flexibility can lead to a steeper learning curve during the initial setup and configuration.
- −The modular, "per application" pricing model can lead to quickly escalating costs, particularly for complex GRC programs.
- −Advanced reporting and features often require significant administrative time and custom configuration.
- −Some users report a gap in automated evidence collection from enterprise systems, requiring more manual effort compared to some competitors
Features
Key features
- Centralized Risk Management
- Offers a suite of applications for managing enterprise risk, third-party risk, IT risk, and more within a single platform.
- No-Code Automation and Workflows
- Enables users to design custom workflows and automate routine GRC tasks using a user-friendly, drag-and-drop interface.
- Real-Time Monitoring and Reporting
- Provides real-time dashboards and reports for tracking risk posture, compliance status, and performance against goals.
- Third-Party Risk Management (TPRM)
- Includes features for risk tiering, questionnaires, automated reminders, and vendor performance tracking.
- AI-Powered Insights (Spark AI)
- Integrates AI capabilities for control mapping, risk monitoring, and enhancing GRC processes.
- Risk Cloud Quantify
- Provides a product for quantifying risk in financial terms, offering Monte Carlo simulations and other tools for advanced risk analysis.
- Compliance and Regulatory Framework Mapping
- Offers pre-built content and mapping to various compliance standards and regulations, such as ISO, NIST, SOC, and HIPAA.
Additional features
- Compliance
- Manages controls, regulatory compliance, and policy management.
- Risk Management
- Includes risk identification, classification, prioritization, and methodology.
- Third-Party & Supplier Risk Management
- Features questionnaires, assessments, and continuous monitoring of vendors.
- Audit Management
- Supports various audit types, audit trails, and tracking of remediation actions.
- Business Continuity Management
- Facilitates crisis management and the creation of recovery plans.
- Incident Management
- Manages incident response and business impact analysis.
- Policy Management
- Provides tools for creating, routing, and attesting to policies.
- AI Capabilities (Spark AI)
- Offers AI tools for risk monitoring, control mapping, and text generation/summarization.
- Reporting & Analytics
- Includes customizable dashboards, reports, and real-time process monitoring.
- Document Management
- Enables users to create, generate, and manage documents with approval workflows.
- Integrations
- Offers a wide range of integrations for connecting with various business systems.
- Access Control
- Provides role-based user access controls for security and permissions.
- Evidence Collection
- Automates the collection of evidence for audits and assessments.
- ESG Solutions
- Includes applications for managing and reporting on ESG risks and initiatives.
- Data Unification
- Compiles data from multiple systems for a unified view.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Risk Cloud
Risk Cloud is a risk management platform from LogicGate that supports organizations in identifying, assessing, and mitigating risks. It combines risk assessment tools, compliance tracking, and reporting capabilities so teams can maintain a comprehensive view of their risk landscape. Users can customize workflows to fit their specific processes and use data analytics for informed decision-making. Key capabilities: risk assessment tools compliance management reporting capabilities customizable workflows data analytics Best for: organizations that need to manage and mitigate various types of risks effectively.
Risk Cloud Details
Risk Cloud's In-App Market Place
Does Risk Cloud have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD (A$), CAD (C$), JPY (¥), CNY (¥), INR (₹), CHF (CHF), SGD (S$), HKD (HK$), SEK (kr), NZD (NZ$), KRW (₩)
Pros & Cons
- A highly configurable, no-code platform that allows businesses to build workflows and applications to meet their unique GRC needs.
- Offers robust applications for a wide range of GRC use cases, including ERM, TPRM, internal audit, and policy management.
- Receives positive reviews for its responsive and knowledgeable customer support team.
- Provides real-time monitoring and dashboards for tracking risk and compliance programs.
- Integrates AI capabilities for control mapping and risk monitoring.
- Offers a wide range of integrations with leading technology solutions for centralizing data and automating tasks.
- The high level of flexibility can lead to a steeper learning curve during the initial setup and configuration.
- The modular, "per application" pricing model can lead to quickly escalating costs, particularly for complex GRC programs.
- Advanced reporting and features often require significant administrative time and custom configuration.
- Some users report a gap in automated evidence collection from enterprise systems, requiring more manual effort compared to some competitors
Risk Cloud's Support Options
Contact
+1 (312) 279-2775Chatbot
AvailableRisk Cloud's Alternatives
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START VRM
START VRM, developed by Independent Security Evaluators (ISE), is a specialized Integrated Risk Management (IRM)…
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