Essential ERM
About Essential ERM
Essential ERM is a web-based enterprise risk management software which helps enterprises automate the process of identifying, prioritizing and managing top business risks, with risk, root cause and mitigation tracking features, plus dynamic heat maps, action workflows, risk bowtie support, and more. The Essential ERM system is designed to streamline risk collection, as well as reduce risk through improved visibility, accountability and analysis, in addition to reduced dependence on spreadsheets.
ERM automation tools serve to eliminate manual data collection and automate reporting roll-up and drill-downs. Program integrity is maintained with automated change tracking. Dynamic features, such as bowtie support, enable users to explore risk scenarios, pre and post event mitigations, risk events and consequences. Essential ERM also allows users to align risks to strategic objectives and desired business outcomes, as well as automate follow-ups with automated email reminders and an intuitive timeline. Features coming soon to Essential ERM include risk voting and multiple risk portfolio management.
Pricing starting from:
USD 299.00/month
- Free Version
- Free Trial
- Subscription
Key benefits of Essential ERM
Getting started has never been easier - Powerful built-in functionality for risk voting, risk appetite, board reporting and more. Flexible pricing available for Individuals , Teams and Large Enterprises.
Risk Appetite Framework - Develop your organization's risk appetite framework with powerful risk threshold functionality and visual risk appetite tables.
Built-in Risk Bow Tie - Conduct risk assessments and analysis with built-in risk bow tie diagrams. Run risk workshops with visual bow tie screens. Model risk scenarios by linking root causes, pre & post event mitigations, risk events and consequences.
Automate Action Plans - An intuitive timeline explorer shows open action plans, organized by due date. Automated email reminders to action owners reduce the effort of follow up and help ensure that actions are completed as planned.
Strategy Centric Risks - Align risks to strategic objectives and desired business outcomes. Engage business, executive and board stakeholders and use ERM to deliver strategic business value.
Typical Customers
- Freelancers
- Small Businesses (2-50)
- Mid-size Companies (51-500)
- Large enterprises (500 and more)
Deployment
- Cloud-based
- On-premises
Supported Languages
English, French, German, Spanish
Pricing starting from:
USD 299.00/month
- Free Version
- Free Trial
- Subscription
Images
Features
Total features of Essential ERM: 50
Alternatives
Wrike
LogicGate Risk Cloud
Risk Hawk
Onspring
Reviews
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- Industry: Education Management
- Company size: 51–200 Employees
- Used Monthly for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Essential ERM implemented a solution and engaged more like a partner than a supplier.
Reviewed on 01/10/2019
We wanted to formalize and create a structure for our risk management process that engaged teams...
We wanted to formalize and create a structure for our risk management process that engaged teams across the organization to easily & effectively add/change/delete risk events, and both assess and manage risk. Essential ERM has proven to be a very cost-effective and adaptable tool to achieve our goal. The company understands the needs of the not-for-profit sector and have been very committed to our success.
Pros
The software is flexible in meeting our needs and growing with us, as well as encouraging collaboration across our organization. While Essential ERM does provide great training and support, the software is intuitive and easy to pick-up.
Cons
We are relatively new users, and have not found any issues of concern.
- Industry: Banking
- Company size: 501–1,000 Employees
- Used Daily for Free Trial
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Essential ERM is straightforward and stregthens the ERM Program
Reviewed on 20/01/2024
Pros
Essential ERM provides a single view of the risks in real time and links to risk appetite and strategies. The indicators are easy to track and monitor. The workflows and other functionalities improve decision making and collaboration. It can be implemented in a very short time (2-6 weeks) even without IT implementation experience and their team is prompt and responsive. Its a must have as risk assessments should be dynamic and risk data are quickly changing. An entity can use every day to know whats top of mind or emerging risks and escalations that must responded to.
Cons
Because audiences are different, report customizations would help.
- Industry: Accounting
- Company size: Self Employed
- Used Daily for 1-5 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 4.0 /10
Comprehensive review
Reviewed on 05/08/2021
Pros
This program is considered very wonderful for several reasons, firstly that it provides new methods in the ways of managing business and institutions and facilitating communication by providing a suitable software environment to complete businessIt and is easy to use and its intervention in the work is very useful
Cons
There is one thing I did not like that it takes more time than I expected to master it, but after you master it, it will be comfortable to use
- Industry: Health, Wellness & Fitness
- Company size: 201–500 Employees
- Used Daily for Free Trial
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
A good product
Reviewed on 09/10/2024
* Flexible
* Dynamic
* Trail period with full training
* Understandable functionality
* Straightforw...
* Flexible
* Dynamic
* Trail period with full training
* Understandable functionality
* Straightforward to use
* Customisable
Pros
Our initial introduction with Essential ERM was very positive. They listened to what we already have in place and clearly demonstrated what their solution could offer. This is a very comprehensive package, that can be started in a small way and then extra added as and when the business users become more familiar. The demonstration went through the full offering and it was easy to understand how it could fit within our businesses. The analytics reporting is excellent and ideal for high level reporting to Boards or individual business units.
Cons
From the experience we have using the trial and demo, we could not think of any cons.
- Industry: Insurance
- Company size: 51–200 Employees
- Used Weekly for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Loving Essential ERM software.
Reviewed on 10/10/2024
The team is extremely helpful in bringing newbies up to speed and the software is quite intuitive....
The team is extremely helpful in bringing newbies up to speed and the software is quite intuitive. Also the price is amazing for the functionality provided.
Pros
The optionality of the tool within the individual modules.
Cons
I would like a bit more control over the format of printable reports but this is very minor.
Essential ERM FAQs
Below are some frequently asked questions for Essential ERM.Q. What type of pricing plans does Essential ERM offer?
Essential ERM offers the following pricing plans:
- Starting from: USD 299.00/month View Pricing Plans
- Pricing model: Subscription
- Free Trial: Available
Contact Tracker Networks for detailed pricing information.
Q. Who are the typical users of Essential ERM?
Essential ERM has the following typical customers:
Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Essential ERM support?
Essential ERM supports the following languages:
English, French, German, Spanish
Q. Does Essential ERM support mobile devices?
Essential ERM supports the following devices:
Q. What other apps does Essential ERM integrate with?
Essential ERM integrates with the following applications:
VenTrack
Q. What level of support does Essential ERM offer?
Essential ERM offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
Related categories
See all software categories found for Essential ERM.
