Best Free Operational Risk Management Software of 2025

GOAT Risk™, Easy-to-use, Low-Cost, Risk Management Software The painless way to manage your risk so you can focus on managing your business. GOAT's low-cost, secure and simple risk management software tool allows you to collaborate, track, report, and manage your business risks from anywhere in the world. All for the price of a daily coffee. Subscriptions starting at £30/mo Perfect for non-risk experts: Risk experts created it - so you don’t have to be one. It comes with pre-populated templates, risk tips and explanations. Anyone can use it without any prior training. Works 'straight out of the box' There are no lengthy consultations or expensive, drawn-out implementations. It is ready to use right out of the box. In just minutes, you can start managing your risks. Low cost and transparent pricing Select a plan that suits your needs starting from just £30/mo. You can cancel at any time. It's risk-free!

Beautiful dashboards and reports are available in BI tools that allow users to examine patterns in historical data. Past data can provide insights. It cannot be prescriptive. Model-Driven decision making is the only way to get a better understanding of what could happen in unusual situations and how to make it happen. Analytica is an innovative visual software environment that allows you to build, explore, and share quantitative decision models that produce prescriptive results. Transcend cumbersome spreadsheets. Analytica's flexibility, power, flexibility, and clarity are a revelation. Analytica makes it easy to create transparent models in fractions of the time required for procedural languages such as R or Python. Analytica provides insights, not just numbers. Agile modeling can be used to create models that support business decision-making. Probabilistic simulations are efficient and accurate in estimating risk and uncertainty. Smart sensitivity analysis reveals what is important and why.

Continuum GRC’s integrated risk management solution offers comprehensive, customizable and intuitive enterprise solutions. Business operations are a complex mix of people, technology, and processes. Enterprise and operational management is the single, most important point of aggregation in terms of organizational risk. Continuum GRC is a global solution that identifies, assesses and monitors risks consistently throughout the enterprise. It automatically maps between all standards around the world. Continuum GRC offers a risk-based audit and regulatory controls management that consolidates all the processes into a single source. Governance and policy control management is the foundation of a program. It outlines the structure, authority and processes required by the organization, through a clearly defined governance structure.

VComply's integrated GRC suite allows compliance and risk teams to collaborate digitally. This gives 360-degree visibility into an organization’s compliance and risk programs. It is simple to set up VComply, and configure settings to manage your compliance programs. The implementation team will be there to help you through every step of the process. VComply's integrated workflows, frameworks, and frameworks for regulations such as SOX, PCI and GDPR help automate repetitive tasks, increase transparency, and improve collaboration. Businesses can access real-time information and dashboards through powerful reports and intuitive dashboards. Real-time calendar alerts will help you keep track of compliance deadlines. Users can sync their compliance events between Outlook and Google calendars using the sync feature.

Do you have a valuable business plan that you need to protect? Are you a business owner who has not thought about protecting your IP when you started it? Are you growing and don't have the resources or strategy to protect your IP? Maybe IP is just something that worries you. These scenarios are all very common and Traklight is here to help. Do not wait to lose your IP. We believe that you shouldn't lose your ideas, infringe upon others' ideas, or fear IP concepts. We believe that you don't need to worry about protecting trade secrets, finding dates of first publication or use, or proving that you invented something. Traklight can help you identify, protect and leverage your ideas for your invention, startup, or business. We are fast, affordable, and easily accessible. But most importantly, we are here to help you succeed.

Consolidate all your governance, risk, and compliance (GRC) as well as management system workflows onto a single platform. Our risk assessment processes encompass the entire evaluation cycle, beginning with planning, identifying risks, assessing those risks, and formulating a mitigation strategy that includes assigning responsibilities and tracking actions. Utilizing UXRisk for your risk management needs means that you will adhere to various widely accepted standards, including ISO 31000, COSO, ISO 14001, ISO 27001, OSHA, and PMI Project Risk Management, among others. We also accommodate a diverse array of qualitative risk assessment techniques, such as HAZID, HAZOP, bow-tie analysis, and more. Additionally, our audit workflow enables you to meticulously plan, execute, and follow up on audits, supervision, and verifications directly within our application, while also allowing for the delegation of responsibilities and tracking of actions. When engaging in audits related to processes, products, or management systems within UXRisk, you can be confident that you remain compliant with most recognized industry standards, ensuring a streamlined and efficient approach to risk and compliance management. This integrative capability not only enhances productivity but also elevates the overall effectiveness of your organizational risk management efforts.

Software that helps companies to identify, prevent, and control the risks of money laundering and terrorist financing. Pirani AML Suite can segment clients based upon similar transactional behavior and monitor operations that may seem suspicious. It also allows it to detect fraud or money laundering in real time by monitoring any financial transaction that is made in any transactional channel. Your company can be exposed to money laundering and terrorist financing if you have controls in place. Request a tour of our solution to learn more about how we can help you. Compliance with regulations and other circulars relating to the implementation of a LAFT-related risk system. To determine the integrity of the data, the client must first identify the data. The client's information on a single screen to allow for analysis of the alerts.

Enable your workforce to enhance productivity and minimize the overall risk costs with a Risk Management Information System (RMIS) designed to provide valuable insights and outcomes. By implementing active risk management, you can empower your team to more effectively tackle risk through a centralized, interconnected, scalable, and data-driven technological framework that yields measurable results. Aclaimant's centralized platform facilitates a link between your risk management department and on-site incidents, significantly reducing the frequency of accidents, the lag time for claims, and the duration of cases. By improving prevention strategies and mitigation efforts, you can lower claim expenses and ultimately enhance your insurability. Moreover, leverage advanced mobile technology and automation to better engage and utilize exceptional risk and safety professionals. Aclaimant not only helps keep your team focused but also boosts employee morale, appeal, and retention. Additionally, you can access a variety of case studies and resources that will provide deeper insights into effectively implementing the Aclaimant platform for the benefit of your organization and its members. This comprehensive approach ensures that your risk management practices are not only efficient but also aligned with the evolving needs of your team.

Complicheck is an advanced compliance management software designed to assist organizations in effectively tracking and overseeing their regulatory and statutory obligations. This innovative tool empowers users to remain informed about their compliance status by monitoring progress and completion rates. Blending expertise from compliance professionals with cutting-edge technology and a skilled design team, CompliCheck offers a comprehensive solution tailored for businesses across various sectors. Users can select from a curated list of compliance requirements and enjoy the flexibility to modify them according to their specific needs. To further support users, the software features a persistent reminder system that ensures compliance tasks are not overlooked, sending alerts until all obligations are fulfilled. Additionally, if any deadlines are missed, the system generates reports that are sent to senior management, highlighting any compliance oversights. With over 40 labor laws in India and numerous other regulations to keep track of, CompliCheck simplifies the complex landscape of compliance for every organization. By streamlining compliance management, this tool not only saves time but also mitigates risks associated with non-compliance.

The Lacima Trader suite is tailored specifically for the dynamic energy and commodity markets within the Front Office. These tools function independently as trading, structuring, and valuation aids, providing users with the capability to explore intricate outputs and underlying value drivers. Crafted by traders with firsthand experience, these products seamlessly integrate with the same numerical engine utilized by Lacima Analytics, enabling comprehensive portfolio-level analysis and fostering cohesion between trading and risk management practices. Within the Lacima Trader suite, a diverse array of products is offered, including options for calibration, derivative pricing, forward curve construction, and simulation. In today's market landscape, proficient risk management and the agility to tackle valuation challenges while optimizing portfolios have become essential for the success of organizations engaged in energy and commodities sectors. Moreover, the ongoing evolution of these markets underscores the importance of utilizing advanced tools to remain competitive in a rapidly changing environment.

If you've ever found yourself overwhelmed by various choices and desperately seeking the optimal one, this software might be exactly what you require. With a user-friendly interface tailored for everyday individuals, our software handles the complex calculations for you, ultimately providing the most suitable option based on your specific needs. This tool is designed as a decision support system aimed at the average person, unlike many existing solutions that cater primarily to large corporations and focus on niche problems. It allows you to break down challenges into simple, manageable parts, making intricate decision-making more straightforward. With the assurance that your choices are backed by mathematical reasoning, you can approach your decisions with confidence. Collaborate with others and effectively persuade them by presenting numerical evidence, all while enjoying the process of navigating through challenging options. We value your privacy, which is why your email address will not be used for any other purpose, nor will it be shared or sold to third parties. Additionally, you will have the freedom to unsubscribe whenever you choose, ensuring you have complete control over your communication preferences. Embrace the ease of decision-making and let our software guide you through your choices.

Interfacing's Digital Business Platform uses flow technology to illustrate tasks and work in a flow diagram. This focuses on the people who are performing the tasks and their respective roles. The Digital Business Platform is a tool that can be used by companies to improve, share, and build processes from a central repository. To automate tasks and minimize manual intervention, business rules can be applied at any stage in the workflow. You can track and provide status reports at every stage of a process, which allows for precise performance and coordination between manual and systemized tasks. Our Digital Business Platform and our EPC system will greatly improve collaboration between IT operations and IT development, streamline testing, automate workflows, as well as offer significant bottom-line benefits. Interfacing's digital platform - Rapid Application Development Tools (RAD) Tools, and its Low-Code Development methodology, will maximize your technical resources.