Riskonnect
UnclaimedUnify risk, compliance, and resilience across your organization with AI-powered insights.
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TL;DR - Riskonnect
- Unifies risk, compliance, and resilience into a single, interconnected platform.
- Leverages AI and advanced analytics for comprehensive risk visibility and decision-making.
- Automates processes and consolidates data to improve efficiency and collaboration across risk disciplines.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Provides a holistic, interconnected view of all risk types, breaking down organizational silos.
- Automates data collection and workflows, significantly reducing manual effort and improving efficiency.
- Offers advanced analytics and AI-powered insights for proactive risk identification and strategic decision-making.
- Supports a wide range of risk disciplines, from GRC to insurable risk and business continuity.
- Cloud-based platform ensures accessibility and a single source of truth for risk data.
Cons
- Specific pricing details are not publicly available, requiring direct contact for quotes.
- Implementation and integration with existing systems may require significant organizational effort.
Key Features
Governance, Risk & Compliance (GRC) managementInsurable Risk and Claims Management Information System (RMIS)Business Continuity & Resilience planningEnterprise Risk Management (ERM)Policy Administration and ManagementHealth & Safety tracking and incident managementIT Risk Management and AI GovernanceThird-Party Risk Management
Pricing
Paid
Riskonnect offers paid plans. Visit their website for current pricing details.
About Riskonnect
By Toolradar Team·
Riskonnect provides an integrated risk management software platform designed to give organizations a unified, interconnected view of their risks, compliance requirements, and resilience strategies. It helps businesses make confident decisions by understanding how individual risks relate to others and their overall impact on strategic objectives. The platform is built for risk, compliance, and resilience professionals across various industries, enabling them to identify, assess, mitigate, and monitor threats effectively.
The software consolidates data from multiple sources, automates routine processes, and leverages sophisticated analytics to transform complex information into actionable intelligence. It covers a broad spectrum of risk areas, including Governance, Risk & Compliance (GRC), Insurable Risk, and Business Continuity & Resilience. By breaking down silos and fostering collaboration, Riskonnect helps organizations streamline operations, improve communication, and proactively respond to potential disruptions, ultimately protecting their competitive position, reputation, and strategic growth.
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Riskonnect FAQ
How does Riskonnect's AI Governance feature specifically help organizations manage the risks associated with AI adoption?
Riskonnect's AI Governance feature provides a structured methodology to demonstrate control over AI use within an organization. It helps in identifying, assessing, and mitigating risks related to AI, ensuring compliance and responsible innovation without stifling technological advancement.
Can Riskonnect integrate insurable and non-insurable risks into a single enterprise risk management framework?
Yes, Riskonnect's Enterprise Risk Management (ERM) solution is designed to combine both insurable and non-insurable risks. This allows organizations to anticipate, assess, mitigate, and monitor all threats from every part of the organization within a unified framework.
What specific capabilities does Riskonnect offer for managing Environmental, Social & Governance (ESG) data and reporting?
Riskonnect simplifies ESG data collection, analysis, and reporting across an organization and its supply chain. It provides tools to centralize ESG-related information, helping businesses meet reporting requirements and demonstrate their commitment to sustainability and ethical practices.
How does the platform's 'Start anywhere. Expand everywhere.' philosophy translate into practical implementation for a new customer?
This philosophy means that organizations can begin their risk management journey with any specific module, such as GRC or Claims Management, and then seamlessly expand to other areas like Business Continuity or Third-Party Risk Management as their needs evolve. The platform is designed for interconnectedness, allowing new modules to integrate with existing data and processes.
Beyond standard incident tracking, how does Riskonnect's Health & Safety module contribute to a proactive safety culture?
The Health & Safety module goes beyond tracking by enabling organizations to monitor training status, compliance requirements, and hazard data. It systematically helps improve safety, reduce future incidents, and cultivate a greater safety awareness by providing insights and tools for proactive management rather than just reactive reporting.
What is the role of Agentforce 360 in Riskonnect's offering, and how does it enhance risk management capabilities?
Agentforce 360 powers Riskonnect's enterprise-scale AI, providing a 'new superpower' for risk management. While specific details on Agentforce 360's mechanics are not fully elaborated, it indicates the platform's use of advanced AI to deliver deeper insights, automate complex analyses, and enhance decision-making across all risk disciplines.
Source: riskonnect.com