15 Best Enterprise Risk Management Tools 2025

Enterprise Risk Management (ERM) tools have become essential for organizations to effectively identify, assess, and mitigate risks in an increasingly complex business environment.

As we look ahead to 2025, the landscape of ERM software continues to evolve, offering more sophisticated features and capabilities.

These tools leverage advanced technologies such as artificial intelligence, machine learning, and automation to provide real-time risk insights and streamline risk management processes.

They offer comprehensive solutions for managing various types of risks, including operational, financial, compliance, and cybersecurity risks. The best ERM tools in 2025 focus on integration, allowing organizations to centralize their risk data and create a holistic view of their risk landscape.

They also emphasize user-friendly interfaces, customizable workflows, and robust reporting capabilities to support informed decision-making at all levels of the organization.

As businesses face new challenges and regulatory requirements, these ERM tools adapt to provide tailored solutions for different industries and company sizes.

Here Are Our Picks For Best Enterprise Risk Management Tools:

1. MetricStream: Robust platform for enterprise-wide risk and compliance management.
2. LogicManager: Streamlined risk assessment and mitigation with intuitive dashboards.
3. RSA Archer: Comprehensive risk management with flexible, integrated modules.
4. SAP GRC (Governance, Risk, and Compliance): Integrated risk management with advanced analytics.
5. Riskonnect: Unified risk management with real-time data and insights.
6. IBM OpenPages: AI-driven risk and compliance management for large enterprises.
7. Resolver: End-to-end risk management with automated workflows.
8. Wrike: Project management with integrated risk tracking and reporting.
9. StandardFusion: Cloud-based risk management with compliance tracking.
10. Qualys: Continuous risk assessment and security compliance.
11. Netwrix: Risk-based IT auditing and compliance solution.
12. Riskalyze: Financial risk assessment and portfolio analysis tool.
13. ServiceNow: Integrated risk management with real-time analytics and reporting.
14. HighBond: Comprehensive GRC platform for risk, compliance, and audit management.
15. SAI360: Enterprise-wide risk and compliance management with customizable workflows.

Enterprise Risk Management Tools Features:

Enterprise risk management tools	Features	Stand Alone Feature	Pricing	Free Trial / Demo
1. MetricStream	Integrated risk management solutions Automated risk assessment workflows Compliance tracking and reporting Advanced risk analytics Scalable for enterprise needs	Integrated risk and compliance management	Contact for pricing	No
2. LogicManager	Centralized risk management platform Incident and event management Risk and compliance dashboards Automated risk mitigation plans Intuitive user interface	Risk management and compliance software	Contact for pricing	Yes
3.RSA Archer	Comprehensive risk management framework Policy and compliance management Incident management integration Real-time risk reporting Customizable risk assessment templates	Comprehensive risk management platform	Contact for pricing	No
4. SAP GRC (Governance, Risk, and Compliance)	Holistic GRC management Real-time risk monitoring Automated compliance management Risk and audit integration Advanced reporting capabilities	Unified risk management solutions	Contact for pricing	No
5. Riskonnect	Comprehensive risk and compliance management Incident and claims tracking Advanced analytics and reporting Integrated risk assessments User-friendly interface	Cloud-based risk management platform	Contact for pricing	No
6. IBM OpenPages	Enterprise GRC platform Advanced risk analytics Automated compliance workflows Scalable risk management solutions Real-time risk monitoring	Scalable risk and compliance management	Contact for pricing	No
7. Resolver	Integrated risk management solutions Incident and issue tracking Risk assessment and reporting Compliance management tools User-friendly interface	Incident and risk management solutions	Contact for pricing	Yes
8. Wrike	Project and risk management Real-time collaboration features Customizable risk tracking Integrated reporting tools Scalable for enterprise use	Project and risk management integration	Starts at $9.80/month	Yes
9. StandardFusion	Centralized GRC management Automated risk assessments Compliance tracking and reporting Real-time risk monitoring User-friendly dashboard	GRC and risk management software	Contact for pricing	Yes
10. Qualys	Cloud-based risk management Automated vulnerability assessments Real-time threat detection Comprehensive compliance tools Scalable for enterprise needs	Continuous security and compliance monitoring	Starts at $1,995/year	Yes
11. Netwrix	IT risk management Real-time monitoring and alerts Automated compliance reporting Risk assessment and mitigation Scalable for various industries	Data security and risk management	Contact for pricing	Yes
12. Riskalyze	Financial risk management Real-time risk analytics Automated risk assessments Compliance tracking tools User-friendly interface	Investment risk alignment tool	Contact for pricing	No
13. ServiceNow	Integrated GRC platform Automated risk workflows Real-time risk reporting Compliance management tools Scalable enterprise solutions	Integrated risk management workflows	Contact for pricing	Yes
14. HighBond	Comprehensive GRC management Real-time risk monitoring Automated compliance workflows Advanced analytics and reporting Scalable for enterprise use	Automated risk and compliance management	Contact for pricing	No
15. SAI360	Integrated risk management Real-time compliance tracking Automated risk assessments Incident management tools Scalable for enterprise needs	Comprehensive compliance and risk management	Contact for pricing	No

1. MetricStream

MetricStream unifies risk identification, assessment, and mitigation throughout an organization’s operations.

MetricStream helps businesses improve risk management, operational efficiency, and regulatory compliance with cutting-edge risk identification, mitigation, compliance management, incident and issue management, and reporting and analytics tools.

MetricStream helps businesses protect their brand and achieve long-term goals by proactively managing risks, building resilience, and making informed decisions. The tool’s workflows and templates can be customized to identify and assess risks.

Users can set control objectives, assign responsibilities, and monitor control effectiveness using real-time dashboards and reports. MetricStream tracks regulatory changes, automates compliance assessments, and coordinates corrective measures.

What is Good?	What Could Be Better?
Provides comprehensive reporting and analytics for data-driven decision-making.	MetricStream setup and implementation may delay platform benefits.
Promotes efficient incident and issue resolution.	MetricStream’s robust features require time and training to master.
Helps create, distribute, and track policies and procedures.

2. LogicManager

A comprehensive enterprise risk management (ERM) platform, LogicManager helps firms detect, analyse, and reduce risks throughout their business activities.

LogicManager’s comprehensive features, cutting-edge technology, and user-friendly interface make it a trusted solution provider. This complete platform improves risk management, streamlines compliance, and helps firms reach strategic goals with data-driven decisions.

Users can set risk appetite and tolerance, allocate ownership, and create risk mitigation plans. Continuous risk mitigation is achieved by automating control testing, issue tracking, and remedy management with LogicManager.

LogicManager automates compliance evaluations, regulatory changes, and remediation. The tool allows enterprises to capture, track, and investigate incidents and issues. It also offers customizable dashboards, real-time data visualization, and comprehensive reporting.

What is Good?	What Could Be Better?
Security features protect sensitive data and restrict user access.	Setting up and implementing LogicManager can delay the platform’s full benefits.
Assesses and manages vendor and supplier risks.	IT and GRC specialists are needed to manage and run LogicManager.
Accesses and manages data remotely.
Supports continuous improvement through data analysis.

3. RSA Archer

Enterprise risk management (ERM) software like RSA Archer lets companies identify, assess, and eradicate threats across many operational domains. RSA Archer is reliable for risk, compliance, and governance.

This comprehensive platform uses cutting-edge technology, robust functionality, and an easy-to-use interface to help organizations make informed decisions, improve operational efficiency, and ensure regulatory compliance.

The enterprise-wide risk management solution RSA Archer helps firms find and assess threats, implement effective risk mitigation programs after identifying and assessing dangers, and comply with internal and external policies.

RSA Archer facilitates risk, event, and issue management. Ad hoc reporting, trend analysis, and executive summaries help users make decisions and track risk mitigation initiatives.

What is Good?	What Could Be Better?
Integrates governance, risk, and compliance functions into one platform.	Can be difficult for users and administrators to learn.
Highly configurable for organizational needs.	Setting up and customizing might be expensive.
Improves efficiency by automating operations.
Protects sensitive data with high security.

4. SAP GRC (Governance, Risk, and Compliance)

SAP AG, a renowned corporate software company, developed SAP GRC, an enterprise risk management tool that helps companies streamline governance, risk, and compliance operations.

It centralizes user roles and responsibilities and ensures access rights comply with organizational policies and compliance standards. It helps design, document, test, and monitor essential business processes to meet internal and regulatory standards. Systematic risk identification, analysis, and response planning are used.

SAP GRC Audit Management simplifies audit preparation, execution, reporting, and remediation. SAP GRC integrates with ERP, CRM, and BW.

This integration may extract data for risk analysis, real-time monitoring, and cooperation between risk, compliance, and business teams.

What is Good?	What Could Be Better?
SAP GRC is customizable to meet an organization’s GRC needs.	SAP GRC licensing, implementation, and maintenance costs are high.
The package streamlines GRC operations and reduces manual labor.	SAP GRC requires dedicated IT staff and GRC experts.
SAP GRC enhances risk assessment, mitigation, and decision-making.
Organizations can gain GRC insights from the suite’s robust reporting and analytics.

5. Riskonnect

Riskonnect is a comprehensive enterprise risk management technology that helps companies identify, assess, reduce, and monitor risks. Riskonnect’s risk management service tracks risk trends, treatment plans, reports, and dashboards.

Incident Management also identifies trends, investigates root causes, and implements preventative measures. Policy and compliance help implement controls and document compliance evidence.

Riskonnect’s vendor and third-party risk management help firms identify and manage external partner risks. It provides qualitative and quantitative risk assessments and a risk score for prioritization. It also lets companies allocate, schedule, and track tasks.

Riskonnect consolidates a company’s data sources and processes for risk analysis and reporting. Riskonnect streamlines regulatory, internal, and control effectiveness tracking with its policy and compliance component.

Riskonnect’s scalable design meets enterprises’ rising data and user needs.

What is Good?	What Could Be Better ?
Aids audit preparation, execution, and reporting.	Riskonnect setup and implementation may delay platform benefits.
Ensures organizations meet regulatory criteria.	Riskonnect updates, support, and enhancements may limit flexibility for organizations.
Helps plan business continuity and disaster recovery.

6. IBM OpenPages

IBM OpenPages is one of the most comprehensive enterprise risk management (ERM) technologies. The platform’s integrated perspective allows businesses to manage risk better and strengthen their risk posture.

OpenPages offers risk registers, assessments, and scenario planning to help identify and assess risks. It also assists organizations with risk management, monitoring, and reporting. Risk dashboards, heat maps, and trend analysis help businesses of all sizes manage risk with OpenPages.

OpenPages is an effective ERM solution for risk management and decision-making. Flexible and easy to use, the platform suits enterprises of all sizes. OpenPages helps businesses create and implement risk management plans to decrease risk and improve posture.

Nations need risk management programs to reduce hazards and build resilience.

What is Good?	What Could Be Better?
Organizations can customize the platform to their business processes and needs.	IBM’s expertise and support help IBM OpenPages.
IBM’s expertise and support help IBM OpenPages.	IBM updates, support, and enhancements may limit flexibility.
Storage and version control for documents.

7. Resolver

.Cloud-based enterprise risk management (ERM) software Resolver lets companies identify, assess, and manage hazards. We offer detection, evaluation, treatment, and reporting for Enterprise Risk Management (ERM).

Resolver is user-friendly and customizable for every business. Its scalability makes it suitable for all sizes of enterprises. Resolver finds and evaluates internal and external threats to a firm and offers risk controls, registers, and maps.

Resolver delivers detailed risk management reports to help organizations measure progress and make educated decisions. Resolver consolidates all hazards, assisting organizations to comprehend how they affect each other and the firm.

Resolver lets businesses detect, rate, reduce, and report threats to improve risk management.

What is Good?	What Could Be Better?
Companies can customize the platform to fit their needs.	Resolver licensing, implementation, and support can be costly.
Resolver centralizes GRC data storage, tracking, and reporting.	Resolver management requires IT and GRC experts.
Data analysis supports continuous improvement.

8.StandardFusion

StandardFusion, an enterprise risk management tool, helps firms standardize and improve risk management. It helps firms quickly and confidently discover, assess, and mitigate hazards with practical risk management tools.

StandardFusion helps analyze risk, manage compliance, handle events, and organize rules and procedures. Recognizing and assessing risks helps a corporation comply with regulations, handle events, and enforce internal rules with the latest documentation.

StandardFusion is used in IT, manufacturing, healthcare, and finance. Helping firms with risk mitigation, compliance monitoring, and incident response ensures efficient risk management, compliance operations, and problem-solving.

StandardFusion uses safe storage and transmission mechanisms to ensure data integrity and compatibility. Using external apps and resources streamlines information sharing and boosts productivity. StandardFusion is a cloud platform accessible from any web browser.

What is Good?	What Could Be Better?
StandardFusion’s intuitive interface makes it easy to use.	StandardFusion’s GRC processes should match an organization’s needs.
Businesses can customize the platform to fit their needs.	StandardFusion has a mobile app, but its functionality may be limited.
The platform helps teams and stakeholders collaborate.
Scales for different-sized organizations.

9. Wrike

The excellent business management application Wrike can streamline project management methods. Its easy-to-use interface and powerful features aid teamwork and goal-setting. Team members can use task creation, assignment, due date, and status tracking.

This keeps everyone on track and streamlines projects. It centralizes file-sharing, comments, and conversations. Team members can work together, share ideas, and learn. Wrike is excellent for managing several projects. Its interactive Gantt chart shows task linkages, time, and priority.

Wrike’s Kanban boards help agile teams view workflows, switch tasks, and customize project management. Integration boosts Wrike’s strength. It integrates with Jira, Slack, and Microsoft Office to simplify workflows and collaboration.

Wrike protects data using encryption, backups, and user restrictions, which protects private data. Its rich reporting and analytics features allow project managers to provide detailed reports on project status, team efficiency, and resource consumption.

What is Good?	What Could Be Better?
Get insights with robust reporting.	Wrike can be expensive for larger teams, depending on the plan and the number of users.
Improve efficiency by automating monotonous processes.	Wrike has many features, but some users may not use them all.
Improve workload and resource allocation.

10. Qualys

A robust risk management system, Qualys helps businesses improve security, preserve data, and comply with regulations. Qualys assesses vulnerabilities with automated scans, risk assessments, and thorough reports.

In real time, it checks policy compliance and preloads threat intelligence to safeguard you. Qualys’s automatic scanning finds vulnerabilities and assesses IT security. It analyzes data and produces valuable reports.

Qualys connects with security products for visibility and risk mitigation. The tool’s automatic and user-friendly features ease corporate risk management.

Effective vulnerability management is provided by Qualys’ risk identification and prioritization tools, compliance assessment support, real-time monitoring, and forensic analysis during incident response

Qualys provides visibility in cloud, on-premises, and hybrid settings by connecting to several operating systems and IT architecture.

What is Good?	What Could Be Better?
Uses threat intelligence for proactive security.	Qualys’ complex features may take time and effort to master.
Qualys automates vulnerability scanning and assessments.	Some scanning may be impossible for offline or air-gapped systems.
Helps companies comply with regulations.

11. Netwrix

Perpetual and subscription licensing exist. Netwrix is a complete IT infrastructure risk management system. Its strong features and operations help firms prevent security risks, protect sensitive data, and meet legal requirements.

Netwrix helps firms assess risk, manage compliance, find internal risks, and secure secret information. Netwrix analyzes IT infrastructure logs, event records, and configuration data. The system analyzes user behavior and security concerns using complicated algorithms and regulations.

The tool’s report and alert creation capabilities help organizations manage risk and protect assets. Netwrix uses this technology for risk analysis, compliance, user activity tracking, and data security. Netwrix supports numerous computer and network security systems.

Its seamless interaction with Active Directory, Microsoft Exchange, and SharePoint gives it comprehensive coverage and user-friendliness. Its straightforward design and numerous reporting tools earn Netwrix high praise.

What is Good?	What Could Be Better?
Customizes reporting for in-depth analysis.	Netwrix’s complex features may take time and effort to master.
Has an easy-to-use dashboard.	Netwrix’s many features may complicate implementation and maintenance.
Works with IT and security tools.
Automation simplifies security and compliance.

12. Riskalyze

Business risk management tool Riskalyze works well. Its insights help firms assess, analyze, and mitigate risks throughout their operations to safeguard assets and achieve goals. With risk assessments and adjustable risk scoring, Riskalyze helps identify and prioritize risks.

It interacts with multiple data sources, assuring data integrity and compatibility. Users can use departmental data for a more holistic risk management strategy. Risk intelligence-based teamwork and information sharing are also encouraged.

Riskalyze addresses investments, compliance, patient safety, data privacy, and supply chain disruptions to increase operational efficiency and asset protection in banking, healthcare, and manufacturing.

Riskalyze’s simple UI, clear dashboards, and actionable reports appeal to users. It notifies enterprises of significant dangers in real-time so they may respond quickly. Riskalyze prioritizes data security. To safeguard sensitive data, it uses encryption and access controls.

What is Good?	What Could Be Better?
Prepares detailed risk reports for client meetings and compliance.	Some users may find the platform’s subscription rates costly.
Discussions and education on risk engage clients.	Users may take time to master the platform.
Helps financial professionals meet regulations.
Scales for individual advisors and huge financial institutions.

13. ServiceNow

ServiceNow is a robust Enterprise Risk Management Tool that speeds up and optimizes risk identification, assessment, and mitigation.

ServiceNow offers streamlined risk assessment, centralized incident management, automated compliance, vendor risk management, and in-depth risk analytics and reporting for effective risk management. ServiceNow’s system integration protects data.

Among its best qualities are its customizable dashboards and simple UI. ServiceNow offers trustworthy safety and customer service, and its friendly sales staff can explain the tool’s flexible price plans.

ServiceNow manages risks like compliance, security, financial transactions, patient safety, and data privacy for banks, healthcare providers, manufacturers, and governments.

We also address supply chain interruptions, operational efficiency, product quality, environmental restrictions, public safety, cybersecurity, data protection, and regulatory compliance.

What is Good?	What Could Be Better?
ServiceNow’s UI is simple and easy to use.	Setting up and customizing ServiceNow might take time, delaying its full benefits.
Allows mobile access.	Due to the platform’s flexibility, organizations may over-engineer processes, adding complexity.
Scales for different-sized organizations.

14. HighBond

HighBond ERM software reduces vulnerabilities, improves compliance, and drives continual development. The cloud-based platform saves, processes, and reports risk data, simplifying risk identification, evaluation, and prioritization.

Users can create risk matrices, assess probability and impact, and assign risk ownership. It helps companies comply with government, company, and voluntary industry requirements. Businesses can develop and maintain internal control systems with the program.

It simplifies creating control tests, monitoring control performance, and finding system flaws. This tool also simplifies audit preparation and reporting. HighBond centralizes incident tracking and reporting.

It helps banks and insurance companies handle money transfer, compliance, and client data concerns. HighBond helps healthcare providers identify and mitigate risks like patient safety, data privacy, and HIPAA compliance.

What is Good?	What Could Be Better?
Promotes safety and sustainability EHS initiatives.	Reliance on Galvanize for updates, support, and additions may limit flexibility.
Storage and version control for documents.	HighBond setup and implementation can delay platform benefits.
Supports continuous improvement through data analysis.

15. SAI360

A robust risk management framework is crucial in today’s fast-changing business environment. ERM tool SAI360 helps organizations discover, assess, and mitigate risks. SAI360 is a comprehensive risk management solution with many features and functions.

SAI360 helps companies discover and manage risks across their operations. Financial, operational, compliance and strategic risks are included. SAI360 provides risk reduction tools and resources. Risk control plans, registers, and workshops exist.

SAI360 allows firms to report risk in many ways. Graphical, dashboard, and narrative reports exist. SAI360’s comprehensive risk identification, assessment, and mitigation solution may help firms improve risk management.

SAI360 helps firms comply with regulations by tracking and managing risk. SAI360 can spot and mitigate hazards before they become issues, saving companies money. It helps firms identify and manage risk, which improves decision-making.

What is Good?	What Could Be Better?
Offers extensive risk assessment, modeling, and mitigation tools.	SAI360 licensing, implementation, and support can be expensive.
Aids audit preparation, execution, and reporting.	SAI360’s advanced features may take time and effort to master.
Ensures organizations meet regulatory criteria.
Provides comprehensive reporting and analytics for data-driven decision-making.