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Essential ERM Logo

Cloud-based enterprise risk management software.

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Essential ERM - 2026 Pricing, Features, Reviews & Alternatives

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Last updated: November 2025

Essential ERM overview

What is 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.

Key benefits of using Essential ERM

  • Powerful built-in functionality for risk voting, risk appetite, board reporting and more.
  • Develop organization's risk appetite framework with powerful risk threshold functionality and visual risk appetite tables.
  • 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 and post event mitigations, risk events and consequences.
  • 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.
  • Align risks to strategic objectives and desired business outcomes. Engage business, executive and board stakeholders and use ERM to deliver strategic business value.
  • Starting price

    299per user /
    per month

    Alternatives

    with better value for money

    Essential ERM’s user interface

    Ease of use rating:

    Essential ERM reviews

    Overall rating

    4.7

    /5

    26

    Positive reviews

    100

    %

    Rating breakdown
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend9.15/10
    Rating distribution

    5

    4

    3

    2

    1

    19

    7

    0

    0

    0

    Pros
    “Great team to work with and great tool. The whole process was a breeze, very supportive company.”

    Verified reviewer

    Anonymity request

    “It is a quality product that was easy to implement and teach to our BUs. Customer service is prompt and extremely helpful.”
    SW

    Samantha W.

    Enterprise Risk and Audit Director

    “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.”
    RR

    Robert R.

    Senior Compliance Manager

    Cons
    “Minor issue - Lack of printable /sharable risk event view (when needing to share outside of software, e.g. in a meeting).”
    CS

    Carolyn S.

    Director, Pension Modernization

    “I can't say at this point I have any major dislikes of the software.”
    PH

    Peter H.

    Enterprise Risk Consultant

    “Reporting functionality needs to be developed more. KRI functionality missing.”
    MB

    Mishma B.

    Risk Analyst

    Who uses Essential ERM?

    Based on 26 verified user reviews.

    Company size

    Small Businesses

    Enterprises

    Midsize Businesses

    Top industries

    Accounting
    Insurance
    Financial Services
    Banking
    Others

    Use cases

    Risk Management
    ERM
    Governance, Risk and Compliance (GRC)
    Integrated Risk Management
    Audit

    Essential ERM's key features

    Most critical features, based on insights from Essential ERM users:

    Risk assessment
    Dashboard
    Risk reporting
    Risk scoring
    Audit management
    Document management

    All Essential ERM features

    Features rating:

    Monitoring
    Operational risk management
    Reporting & statistics
    Risk management
    Customizable reports
    Audit trail
    Workflow management
    Alerts/Notifications
    Predictive analytics
    Internal controls management
    Surveys & feedback
    User management
    Performance metrics
    Prioritization
    Process modeling & designing
    Real-Time reporting
    Reminders
    Single sign on
    Reputational risk management
    Risk alerts
    Risk analysis
    Third-Party integrations
    Role-Based permissions
    Task management
    Root cause analysis
    Scenario planning
    Activity dashboard
    Activity tracking
    API
    Approval process control
    Assessment management
    Compliance management
    Configurable workflow
    Corrective and preventive actions (capa)
    Customizable templates
    Dashboard creation
    Data import/export
    Data visualization
    Enterprise Risk Management
    Governance
    Heatmaps
    Incident management
    Issue management
    IT risk management
    KRI (key risk indicator) monitoring
    Legal risk management
    Mobile access

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    Essential ERM pricing

    Value for money rating:

    Pricing plans

    Pricing details:

    Free plan
    Free trial
    Subscription

    Starter

    299

    /user

    Per month

    Features included:

    • Flexible User Roles
    • Track Risks
    • Objectives
    • Root Causes
    • Mitigations

    Teams

    Empty state illustration for "No pricing info"

    No pricing info

    Features included:

    • Up to 25 Users
    • 250 Contributors
    • Locked Data Portfolios & Roll-ups
    • KPI & KRI Tracking

    Enterprise

    Empty state illustration for "No pricing info"

    No pricing info

    Features included:

    • Scalable User Pricing
    • SSO
    • Strategy & ESG Add-ons

    User opinions about Essential ERM price and value

    Value for money rating:

    To see what individual users think of Essential ERM's price and value, check out the review snippets below.

    “Great team to work with and great tool. The whole process was a breeze, very supportive company.”

    Verified reviewer

    Anonymity request

    “It is a quality product that was easy to implement and teach to our BUs. Customer service is prompt and extremely helpful.”
    SW

    Samantha W.

    Enterprise Risk and Audit Director

    Essential ERM integrations (1)

    Top integrations

    Essential ERM support options

    Typical customers

    Freelancers
    Small businesses
    Mid size businesses
    Large enterprises

    Platforms supported

    Web
    Android
    iPhone/iPad

    Support options

    Phone Support
    Chat
    Email/Help Desk
    Knowledge Base
    FAQs/Forum

    Training options

    In Person
    Live Online
    Documentation
    Videos

    Essential ERM FAQs

    Q. What type of pricing plans does Essential ERM offer?

    Essential ERM has the following pricing plans:
    Starting from: $299.00/month
    Pricing model: Subscription
    Free Trial: Available | (No Credit Card required)

    These products have better value for money


    Q. Who are the typical users of Essential ERM?

    Essential ERM has the following typical customers:
    Freelancers, Large Enterprises, Mid Size Business, Non Profit, Small Business


    Q. What languages does Essential ERM support?

    Essential ERM supports the following languages:
    English, French, German, Spanish


    Q. Does Essential ERM offer an API?

    No, Essential ERM does not have an API available.


    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:
    Phone Support, Chat, Email/Help Desk, Knowledge Base, FAQs/Forum

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