Essential ERM product overview

Essential ERM is a secure web-based Enterprise Risk Management system. Easy-to-use screens and innovative visual features engage business unit managers, executives, and board members. Essential ERM is an excellent catalyst to launch new ERM programs or to quickly take existing programs to the next level of maturity.

Essential ERM allows users to conduct risk assessments and analysis with built-in risk bow-tie diagrams. Model risk scenarios by linking root causes, pre and post event mitigations, risk events, and consequences. In addition, Key Risk Indicators (KRIs) in Essential ERM allows organizations to monitor their performance.

Pros of Essential ERM

Built-in Key Risk Indicator workflow automation
Allows for export of data into Microsoft Power BI and Tableau
Risk Voting

Cons of Essential ERM

Not a good fit for organizations that are looking for the traditional GRC tool
No functionality to support Governance and Compliance related activities

Breakdown of core features

Key Risk Indicators

This workflow automation serves as an early-warning system for increasing risk exposures in parts of the business.

Risk Bow Tie

Help visualize a risk event, along with its root causes, consequences, and risk mitigations.

Risk Voting

Risk voting is an easy and powerful way to increase executive engagement in your ERM program and generate more value from risk workshops.

Power BI Export

Export an excel file to build custom reports with Power BI or other reporting tools.

(Last updated on 02/02/2022 by Pam Van Loon)