Riskonnect

Riskonnect is a cloud-based enterprise platform for managing risk, compliance, claims and resilience workflows. It is best suited to organizations coordinating those responsibilities across specialist teams; its configurable tools and broad coverage are compelling, but buyers should expect a project-shaped purchase and implementation.

Overview

Riskonnect brings risk data, intelligence and decisions together across an organization, with offerings spanning governance, risk and compliance, insurable risk, and business continuity and resilience. Its integrated risk management software supports risk assessments, control mapping, evidence collection, remediation workflows and vendor risk management, as well as ISO, NIST, GDPR, PCI, HIPAA, AICPA SOX, DORA and APRA CPS 230 frameworks.

The platform is delivered as enterprise-ready SaaS, with configurable workflows, forms, dashboards and automations. That breadth can suit organizations seeking a shared environment for multiple risk functions, rather than a narrow point solution. Riskonnect says it serves more than 2,000 organizations across six continents. The company was founded in 2007 and is headquartered in Atlanta, Georgia.

Key features

Configurable workflows and forms let organizations shape processes around their requirements, while dashboards and automations support visibility and repeatable work. Integrated data and AI-powered risk intelligence are intended to connect information with decisions. The range of supported frameworks and the combination of assessment, control, evidence, remediation and vendor-risk functions make the product relevant to teams managing connected compliance and risk programs.

Riskonnect provides APIs for importing and exporting data and out-of-the-box integrations with specialized partners. Its integrations include Cube, Tenable, AlertMedia, Zurich, NCCI and AM Best. That partner ecosystem may help connect established specialist tools, though the stated integration examples do not establish that every buyer's systems are covered.

Users can access the software on laptops, desktops, tablets and phones. Riskonnect says 35 languages are available out of the box, with more than 90 available for customization, a meaningful consideration for distributed organizations. Security measures include encryption, audit logs, firewalls, configurable password policies, TLS certificates of at least 256 bits and optional AES 256 encryption at rest. Its independent certifications include ISO 27001, SOC 1 Type 2 and ISAE 3402, SOC 2 Type 2, and HIPAA and HITECH Type 1.

Customers can submit requests or contact support through the Riskonnect Success Portal; regional phone support hours are also provided. This gives customers more than one support channel, although the support details do not establish a service level for a particular contract.

Pricing

Riskonnect is paid software with custom pricing. The price of its integrated risk management software depends on project size, complexity and customization, and the company offers three implementation options at different price points. This project-based approach may accommodate varied enterprise requirements, but buyers should compare implementation scope and costs alongside the software price before committing. No per-seat price or free plan is given.

Platforms

Riskonnect supports web, Android, iOS and API access. The stated device coverage includes laptops, desktops, tablets and phones, so teams can work across common desktop and mobile environments. The API is also relevant to organizations that need to exchange data with other systems.

Who it's for

Riskonnect is aimed at risk, claims, safety, compliance, resilience, audit, insurance and technology risk teams. It is a stronger fit for organizations that want configurable, connected workflows across several of these areas and can plan for a tailored implementation. A team looking only for a focused, low-cost tool may find the project-dependent purchasing model and enterprise scope harder to justify.

Pros and cons

• Pros: Coverage across governance, risk, compliance, insurable risk and resilience can help organizations coordinate related work in one platform.
• Pros: Configurable workflows, forms, dashboards and automations support adaptation to organization-specific processes.
• Pros: Framework support, control mapping, evidence collection, assessments, remediation and vendor risk address multiple stages of risk and compliance work.
• Pros: Broad language availability, mobile access, APIs and specialist integrations suit organizations operating across regions and systems.
• Cons: Custom pricing tied to project size, complexity and customization makes it difficult to establish cost without a scoped discussion.
• Cons: Three implementation options at different price points mean implementation approach and cost need to be weighed as part of the buying decision.

Alternatives

For a more narrowly defined internal audit use case, compare Internal Audit Software. Organizations focused on supplier oversight can explore Third-Party Risk Management Software, while continuity teams can review Business Continuity Management Software. For control-focused programs, see Internal Controls Software; organizations building oversight for AI can consider AI Governance Software; and teams centered on regulatory workflows can compare Compliance Management Software.

Dimeri Internal Audits is a web-based freemium option with a Free plan at no cost, billed R0/ forever. It includes 10 AI messages per day, AI dashboard access and basic GRC research and drafting, but no exports, connectors or custom dashboards. Pick it when that limited free audit and GRC scope is sufficient; Riskonnect covers broader enterprise risk workflows.

Archer Audit Engagements & Workpapers is a paid alternative with Android, iOS, web, API, desktop and self-hosted platform support. It is worth considering when those deployment and platform options matter for an audit-focused selection.

Protecht offers a paid ERM product with annual license fees based on the number and type of named active users. Marketplace templates and its Operational Resilience module cost extra. Choose it when named-user annual licensing aligns with the buying model and those add-ons fit the budget.

Workiva Audit Management offers customized plans with unlimited seats or users, packaged around organizational needs. It may suit buyers who prioritize unlimited user access in a tailored plan.

A4DAInsight is a paid web product with pricing on request. It is another option for buyers prepared to request a quote.

assureIQ offers a 10-day evidence sprint, a managed audit pod with evidence cleanup, testing support and owner follow-up, and a subscription. Consider it when those audit-support engagements match the need.

Audit Out uses custom pricing that varies with team size, deployment needs, modules, client structure and support requirements. It may fit buyers who want pricing shaped around those factors.

AuditBoard (now Optro) offers flexible plans with unlimited stakeholder licenses, a plan tailored to business needs, and Optro Success and Services. It may be a better fit when unlimited stakeholder licensing and those services are priorities.

Verdict

Choose Riskonnect if your organization needs configurable workflows spanning several risk, compliance, claims or resilience functions and can support a project-specific implementation. Its broad functional coverage, framework support and integration options are the main reasons to shortlist it. Look elsewhere if you need straightforward, comparable pricing or a tightly focused tool: custom, project-dependent costs make the initial commitment harder to assess.