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Best Operational Risk Management Software in 2026

Teams use operational risk management software to evaluate risks, log incidents, watch key risk indicators and follow control activities. It is for teams that need a structured way to manage operational risk.

  1. 1

    Camms.Risk

    Paid Web

    Choose Camms.Risk if your organisation needs risk, incident, compliance, audit, and third-party risk workflows.

    5.6 Pricing on request Visit site
  2. 2

    Riskonnect

    by Riskonnect
    Paid AndroidAPIiPhone+1

    Riskonnect covers multiple risk and compliance workflows within a configurable enterprise platform. Buyers will need to request pricing and consider the project-specific implementation options.

    5.6 Pricing on request Visit site
  3. 3

    MetricStream

    by MetricStream
    Paid APIWeb

    Choose MetricStream if your organization needs a connected platform for risk, audit, compliance, cyber, and resilience work, with evidence collection and support for a broad set of frameworks.

    5.5 Pricing on request Visit site
  4. 4

    Protecht

    Paid APIWeb

    Protecht brings multiple risk and assurance functions together, with configurable workflows and reporting.

    5.4 Pricing on request Visit site
  5. 5

    IBM OpenPages

    by IBM
    Paid On_premise
    4.9 From $3,300/mo Visit site
  6. 6

    Archer Enterprise & Operational Risk Management

    Paid Web
    4.6 Pricing on request Visit site
  7. 7

    Ideagen Risk Management

    Paid Web
    4.6 Pricing on request Visit site
  8. 8

    LogicGate Operational Risk Management Application

    Paid Web
    4.5 Pricing on request Visit site
  9. 9

    LogicManager Operational Risk Management

    Paid Web
    4.3 Pricing on request Visit site
  10. 10

    Quantivate Operational Risk Management

    Paid Web
    4.2 Pricing on request Visit site
  11. 11

    ServiceNow Operational Risk Management

    Paid AndroidiPhoneWeb
    4.2 Pricing on request Visit site
  12. 12

    RiskSpotlight

    Paid Web
    4.1 Pricing on request · 14-day trial Visit site
  13. 13

    Ruleguard Operational Risk Management

    Paid Web
    4.1 Pricing on request Visit site
  14. 14

    Xactium Risk Management

    Paid Web
    3.8 Pricing on request Visit site
  15. 15

    Uptiq Enterprise & Operational Risk Agent

    Paid
    3.7 Pricing on request Visit site

#1Places #1, #2, #3, #4, #5 on this list can be bought by the makers of the software on it. See the price

Assess products by their support for risk assessments, incident management, KRI monitoring, controls testing, loss-event tracking, scenario analysis and deployment model. Check free-plan limits, trial length, paid pricing and, if code access matters, the licence terms.

Questions

Is operational risk management software free?

Check the free-plan field for the product you are considering. The list covers paid plans, and IBM OpenPages is shown from $3,300 per month.

Which platforms can these tools run on?

Products in this category support web, API, iOS, Android or on-premise options. Confirm the supported platform and deployment model for the product you choose.

Do any tools offer a free trial?

A 14-day trial is listed for RiskSpotlight. Trial terms can differ, so review the product’s pricing details.

What features should I compare?

Evaluate support for risk assessments, incident management, KRI monitoring, controls testing, loss-event tracking, scenario analysis and deployment model.

Can I inspect or change the source code?

Check the software licence. A free plan does not by itself grant rights to read or modify source code.

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