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10+ Essential ERM Alternatives and Competitors

Essential ERM

4.2 User Rating
$838 M Revenue
500+ No of Employees
2009 Founded
SaaS Industry
Risk Management Software Category
Keryn James CEO
Overview

Essential ERM is one of the available web-based enterprise risk management software in today’s market. This award-winning platform features its top-notch functionality for every enterprise risk management processes, such as strategy centric risk, risk appetite frameworks and thresholds, board reporting module, heat maps, and more. With Essential ERP, its users can easily conduct risk assessments, run risk workshops, and model risk scenarios, all in just one app. Designed to provide flexible risk management that adapts across businesses and organizations, Essential ERM has all the essential functionality that track, mitigate, and report risk management processes. Essential ERM also streamlines risk management processes, for the application has built-in functionality that allows users to export data with third-party applications. With these powerful features, Essential ERM has been the primary risk management platform for more than 17 Industries in over 30 countries, including leading brands and organizations like Energizer, Port of Portland, KPMG, and PWC.

Alternatives

Logo Name Rating CEO Pricing Founded Revenue Employees Location Reviews Customers
nTask 4.8 N/A Custom 2008 N/A 50+ California 3200+ Reviews 6000+
Integrum 4.8 Beven Schwaiger Custom 2005 $4.8 M 33+ Chandler 5800+ Reviews 1500000+
Qualys 4.6 Philippe Courtot $500 1999 $342.2 M 1266+ California 3600+ Reviews 10300+
Cura 4.6 Rama Pochinapeddi $0 2015 $49 M 200+ Portland 3910+ Reviews 250+
Resolver 4.5 James Walker $10000 2014 $15.9 M 218+ Toronto 2300+ Reviews 1000000+
AuditBoard 4.6 Jim Howard Custom 2014 $31.2 M 219+ Los Angeles 2900+ Reviews 500+
SAP Risk Management 4.5 Steve Hewison Custom 1990 $27 B 21000+ California 4500+ Reviews 2000+
SAS Risk Management 4.4 Jim Goodnight Custom 1976 $3.3 B 13939+ Cary 3809+ Reviews 2900+
Software AG Risk Management 4.2 Sanjay Brahmawar Custom 1969 $995.2 M 5000+ Germany 3900+ Reviews 3800+
ZenGRC 4.1 Ken Lynch $7500 2009 $5.4 M 250+ San Francisco 2900+ Reviews 1903+

Reviews

“ A solid, intuitive, developing risk management tool ”

4/5 (overall) - Tom H.
Pros:
  • The software is flexible in meeting our needs and growing with us, as well as encouraging collaboration across our organization.
  • The support for Essential ERM has been extremely responsive to questions.
Cons:
  • Minor issue – Lack of printable /sharable risk event view (when needing to share outside of software, e.g. in a meeting).
  • Reporting functionality needs to be developed more. KRI functionality missing.

“ Easy to Implement for ERM Beginners ”

4.5/5 (overall) - Carol W.
Pros:
  • We have multiple organizations working on a large, multi-year shared program.
  • Essential ERM implemented a solution and engaged more like a partner than a supplier.
Cons:
  • Big issue – If I have the same action repeated for several risks it shows up as different actions.
  • The software is harder to use if your organization has an established process or methodology, as the system has limited customization available.

“ Good solution that meets our needs ”

4.8/5 (overall) - Verified Reviewer
Pros:
  • User friendly – Great Bow-tie functionality – Great pricing
  • Ease of use, flexibility, cost, user interface, support team and the innovative mindset of the developers
Cons:
  • Reporting functionality needs to be developed more – KRI functionality missing
  • Integration with other assurance functions and reporting seems to be evolving and is still new

Features

  • Access Control
  • API
  • Analytics
  • Accounting Integration
  • Agile Software Development
  • Application Integration
  • Assessment Management
  • Assignment Management
  • Automated Billing
  • Team Collaboration
  • Security
  • Email Notifications
  • Drag & Drop Interface
  • Mobile apps
  • Email Notifications

Images & Videos

Q & A

How much does the Essential ERM cost?

Essential ERM’s cost starts at $165.00 per month, per user. The application doesn’t offer any free version, but they provide free trial access that you can enjoy before purchasing for a subscription.

How to export data for reporting in Essential ERM?

Exporting data for reporting in Essential ERM only works in Excel and is also available to Admin Users. In order for you to make it, all you have to do is click the Admin in the menu, click Generate Export File located on the left side of your screen, then you can now select a specific portfolio that you want to export.

Can I access Essential ERM using my tablet or phone device?

When it comes to mobile and tablet access, currently, Essential ERM doesn’t have full version access or mobile application for it. However, there are still ways on how you can access Essential ERM on mobile devices, using the Voting Screen and Action Plan Update Window. This method might give you a mobile Essential ERM access, but for some cases, many of the screens will not scale down properly; hence, it is still not recommended to use.

Does Essential ERM provide instructions to guide through the risk assessment process?

If you require any assistance through your risk assessment process in Essential ERM, you can freely click the question mark icons above each of the dropdowns in the Risk Details screen. This button provides pop-up guidance, tips, and instructions on how to configure your risk assessment process. Moreover, the instructions inside the question mark icon provide instructions that are specific to each risk category and situation.

What's the use of risk bow tie in Essential ERM?

The risk bow tie is a visual diagram that helps you visualize a risk event, along with its root causes and risk mitigations. Each bow tie diagram displays multiple scenarios that also highlight the difference between your proactive and reactive management processes.

Alternatives

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