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Essential ERM Reviews

Essential ERM

Purpose-built enterprise risk management software
our rating 4.5 out of 5 Stars

Essential ERMProduct Overview

  1. About Essential ERM
  2. Pros of Essential ERM
  3. Cons of Essential ERM
  4. Breakdown of core features

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

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

Cons of Essential ERM

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  • 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

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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 01/22/2020 by Pam Van Loon)

Quick Facts

  • Industry Specialties
    All Industries
  • Pricing
    Low-end
  • Works Best For
    Any Sized Businesses

Screenshots

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Video

Features

  • Risk Appetite
  • Strategy-centric Risk
  • Parent-Child risks relationships
  • Root cause tracking
  • Control/Mitigation tracking
  • Action Items
  • Heat Maps
  • Risk Trends
  • Key Risk Indicators

Integrations

  • Power BI
  • Tableau

Languages

  • English
  • French