Freedom251 › Risk Management Software
Essential ERM
What Essential ERM is
Essential ERM is a web-based enterprise risk management platform from Tracker Networks in Toronto, Canada. It connects risk work with business strategy so teams can identify, assess, and manage risks. A centralized register supports configurable workflows, custom fields, and scoring without coding. Analysis tools include interactive 5x5 heat maps, bow-tie analysis, risk scoring, predictive risk analytics, and quantitative analysis. Users can connect risks with strategic objectives and initiatives, while tracking controls, mitigation, KRIs, incidents, and business continuity planning. The platform describes no-code integrations with existing applications and broader GRC integration, plus API access and workflow automation. Board-ready reporting and role-specific views are described for chief risk officers, analysts, department owners, and compliance or audit teams. Deployment can use multi-tenant or dedicated enterprise cloud. Pricing is on request, with a 14-day trial and no free plan.
Who it suits
It suits enterprise risk, compliance, audit, and departmental teams that need configurable registers, strategy links, analysis, and reporting. Role-specific views support chief risk officers, risk analysts, department owners, and compliance or audit teams.
What it does well
- Configurable risk workflows, fields, and scoring
- Interactive 5x5 heat maps and bow-tie analysis
- Links risks to strategic objectives
- Tracks controls, KRIs, incidents, and continuity
- Multi-tenant or dedicated enterprise cloud
What to know first
- Pricing is available only on request
- No free plan
- Web platform only
- 30-day implementation is listed
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Risk | Enterprise risk management module in Essentials · Risk heat maps and modeling · Bow-tie assessments · KRIs · Risk appetite framework · Executive reporting | On request |
As trackernetworks.com lists them, read 3 Oct 2026. The maker's own page has the final word.
Verdict
Essential ERM brings risk registers, analysis, strategy linkage, controls, and reporting into one web platform. Its paid, enterprise-oriented setup includes a trial, cloud deployment choices, and extensive security controls.
Facts from Essential ERM's own pages
- Cancellation
- The pricing FAQ says customers can export their data at any time and that data is retained for 30 days after cancellation before permanent deletion. · trackernetworks.com, 3 Oct 2026
- Certifications
- Tracker Networks lists SOC 2 Type II certification, ISO 27001 compliance, and GDPR compliance. · trackernetworks.com, 3 Oct 2026
- Controls and incidents
- The product tracks controls and mitigation, KRIs, incidents, and business continuity planning. · trackernetworks.com, 3 Oct 2026
- Deployment
- The maker offers multi-tenant cloud and dedicated enterprise cloud deployment options. · trackernetworks.com, 3 Oct 2026
- Headquarters
- Toronto, Canada · trackernetworks.com, 28 Sept 2026
- Integrations
- The product page describes no-code integrations with existing applications and comprehensive GRC platform integration, without naming specific applications. · trackernetworks.com, 3 Oct 2026
- Purpose
- Essential ERM connects enterprise risk management to strategy and enables business teams to identify, assess, and manage risks. · trackernetworks.com, 3 Oct 2026
- Risk analysis
- Features include interactive 5x5 risk heat maps, bow-tie analysis, risk scoring, and predictive risk analytics. · trackernetworks.com, 3 Oct 2026
- Risk register
- The platform provides a centralized risk register with configurable workflows, fields, and scoring without coding. · trackernetworks.com, 3 Oct 2026
- Security controls
- Listed controls include 256-bit AES encryption at rest and in transit, MFA, role-based access control, SAML 2.0 SSO, penetration testing, and automated backup and disaster recovery. · trackernetworks.com, 3 Oct 2026
- Strategy linkage
- Users can link risks to strategic objectives and initiatives. · trackernetworks.com, 3 Oct 2026
- Support and implementation
- The Essential ERM page lists enterprise support and a 30-day implementation. · trackernetworks.com, 3 Oct 2026
- Who it serves
- Role-specific views are described for chief risk officers, risk analysts, department owners, and compliance and audit teams. · trackernetworks.com, 3 Oct 2026
Where Essential ERM stands on Freedom251
- Risk Management Software#5 of 34