Key features of risk management tools

The recent years have been challenging for business continuity. There is practically no industry that is not beset with difficulties due to disruptions in supply chains, sanitary restrictions, the need to introduce remote work, or, more recently, the economic and regulatory turmoil caused by the war in Ukraine. In many cases, it is the successful digital transformation of processes that has allowed companies to survive. Digitization has extended to many areas of companies’ operations,  providing them with numerous new risk management tools and techniques. How can digital tools empower risk management?

The fundamental challenge for a modern approach to risk management is to frame it in a coherent process that encompasses the company as a whole. And there are quite a few types of risks that need to be managed in Enterprise Risk Management.

  • Compliance;
  • Financial;
  • Hazard & Safety;
  • Operational & Strategic;
  • Reputational.

What is ERM?

Gartner defines enterprise risk management as “identifying, analyzing and treating the exposures an organization faces as seen by the executive levels of management”.
This means looking at potential threats to the company in matters of finance, credit, fraud, as well as overall strategy and operations.
In other words, ERM is a strategic company-wide effort to effectively identify risks to the company’s broadly defined finances and operations, and to effectively prevent or properly prepare for them.

Traditional risk management has been leaving risk analysis and decision-making in the hands of division heads, which can lead to a siloed approach. ERM is the answer to an overly narrow view of risk management in companies. However, it requires entirely new capabilities for information processing, workflow, and decision-making.

Risk management software

Risk management tools and techniques have evolved substantially over the last few decades. They favor a holistic approach, giving the risk manager a bigger picture of the organization

Of course, with the complexity of the business environment and the dynamics of risk drivers, these tools must be digital to empower risk managers with the ability to grasp the scale and the volatility.

One such tool that meets the needs of the 21st century ERM is Adaptive GRC. It is a risk development and visualization software suite designed to support risk identification, monitoring and reporting.

Some of its notable features are:

  • Risk register

A risk register is an essential tool for any risk manager. It is used to collect potentially recurring risks, organize them by category and assign them to people in the organization whose responsibility it is to deal with these risks.

In the risk register you can also collect additional information, such as the nature of the risk and how to deal with it. Usability and ease of use are key in running a risk register, as is the ability for a larger team to manage it online.

  • ISO 31000 compliance

ISO 31000 is a group of risk management standards developed by the International Organization for Standardization (ISO). It provides a universal model for risk management and aims to unify current standards, methodologies and models that vary by industry, type of business, or region.

Globally accepted standards and principles of risk management are an absolute must-have for modern tools used by risk managers. 

  • Precise responsibility management

One risk can affect several areas of the organization or its processes. Adaptive GRC allows Risk Owners to have multiple stakeholders providing information to be included in a single risk record. This allows more risk factors to be taken into account across the organization.

  • Reporting

Reporting is the culmination of the risk management process. It is at this stage that managers evaluate the effectiveness of risk analyses and ways of dealing with risks. Easy yet accurate and reliable reporting that covers the entire risk management process enables continuous improvement of its effectiveness.

Enterprise risk management continues to evolve. The Best GRC software tools are those solutions that evolve with it and are able to contribute to its effectiveness. As a powerful on-line risk elaboration and visualization tool, AdaptiveGRC is designed to support superior risk identification, monitoring and reporting. It also provides full coordination of governance, risk and compliance activities and information for all levels in any organization.


The AdaptiveGRC platform offers a variety of modules to help manage GRC activities for your company.

In order to meet your company's specific needs, our team of experienced developers can tailor the required functionalities to deliver exactly what your company needs. If your company requires a customized module to effectively meet its needs, we can help.

Let us fit the best solution for your company. Fill out the form below.

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    Read Gartner reviews to find out what users think about our solutions

    One of the best GRC software with very good price

    Adaptive GRC offers a great deal of flexibility in supporting GRC&AUDIT processes. The product is continuously developed and the customer receives new possibilities and functionalities. In addition, the price is very attractive in comparison to competitive products. The support team takes a flexible approach to the customer's needs.

    Sebastian B. CEO | Computer & Network Security

    Comprehensive platform for managing risk and compliance

    I used AdaptiveGRC Compliance and Risk Management modules for more than a year. Implementation went smooth, and the support team was always very helpful. I especially value the functionality AdaptiveGRC offers - all GRC processes can be managed in one tool, and there is a single database. The tool helped my organization lower operating costs and gain a better understanding of risks in the organization.

    Marcin K. Chief Information Security Officer | Financial Services

    Perfect program for compliance control

    It is amazing that thanks to AdaptiveGRC individual assessment management can be shortened from days to minutes. The tool can generate reports for different stakeholders containing only their desired assessment outcome data. I appreciate much the possibility of generating compliance specification lists for supplier contracts or internal departments.

    Jasween K. Compliance Pharmaceuticals

    AdaptiveGRC supports insurance companies in their risk and compliance management processes

    I used AdaptiveGRC to 1. support insurance companies' compliance management processes following a complex industry-specific regulation. 2. I also used AdaptiveGRC to support the process of managing and monitoring data processors as GDPR came into effect. I experienced a significant increase in efficiency in both cases.

    Verified Reviewer Insurance | Self-employed

    What's in a name...

    As the name is representative, AdaptiveGRC is a complete, interconnected GRC solution that can be adapted to organizations across industries and size. The AGRC team did a superb job designing and building a best-in-class GRC solution that addresses the challenges faced in today's uncertain and ever-changing global business climate. Working with the AGRC team has been a pleasure and the support they have provided is exceptional.

    D Scott C. Business Development | Biotechnology

    Financial institutions could benefit greatly from AdaptiveGRC

    I am happy to be able to use AdaptiveGRC in my work. This dedicated solution is very helpful for anyone that has to fill out the SREP questionnaire. The extra time I gained was priceless. The platform's design was also very appealing to me. The fact that it was so simple to use was a major plus for me. Due to its comparison capabilities with past years' forms, I was able to cut down on the amount of time it took to complete the new questionnaire. What is more, I was able to monitor the progress of the people assigned to the process.

    Anna C. Head of Fin Crimes Team | Banking

    Great support for inurance company

    My overall experience has been great. I also liked the layout of the platform. The time and control I gained is invaluable. I like the fact that it was very easy to use. It definitely allowed me to shorten the time I had to spend on filling out the SREP questionnaire. I also could easily control the status of work of my team members, check their progress, and monitor on daily basis.

    Verified Reviewer Insurance

    AdaptiveGRC - Big Player in GRC

    Easy to install and easy to configure. Out of the box solution. Cloud based or Server. AdaptiveGRC is an enterprise governance, risk management and compliance (eGRC) solution set with unique and unequalled capabilities. AdaptiveGRC can be deployed as one fully interconnected solution suite, or you can choose one or more modules.

    Leigh M. National Accounts | Consumer Goods