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Essential ERM

Purpose-built enterprise risk management software

Last updated: October 2024

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Table of Contents

Essential ERM - 2025 Pricing, Features, Reviews & Alternatives

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.

Benefits of using 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.

Starting from

299

/user

Per month

view pricing plans

start trial

book a demo

Essential ERM's key features

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

Risk Assessment

4.6

(10)

Dashboard

4.8

(8)

Risk Reporting

4.4

(5)

Risk Scoring

4.8

(6)

Alerts/Notifications

4.8

(4)

Audit Management

4.7

(3)

All Essential ERM features

Features rating:

4.5

(25)

Monitoring

5.0

(2)

Operational Risk Management

5.0

(1)

Reporting & Statistics

5.0

(1)

Risk Management

5.0

(1)

Customizable Reports

5.0

(1)

Workflow Management

5.0

(3)

Audit Trail

5.0

(1)

Predictive Analytics

5.0

(1)

Internal Controls Management

4.5

(2)

Document Management

4.5

(2)

User Management

(0)

Performance Metrics

(0)

Process Modeling & Designing

(0)

Real-Time Reporting

(0)

Reminders

(0)

Third-Party Integrations

(0)

Reputational Risk Management

(0)

Risk Alerts

5.0

(1)

Risk Analysis

5.0

(1)

Task Management

(0)

Surveys & Feedback

(0)

Role-Based Permissions

(0)

Root Cause Analysis

(0)

Single Sign On

(0)

Activity Dashboard

(0)

Activity Tracking

(0)

API

(0)

Approval Process Control

(0)

Assessment Management

(0)

Compliance Management

(0)

Configurable Workflow

(0)

Corrective and Preventive Actions (CAPA)

(0)

Customizable Templates

(0)

Dashboard Creation

(0)

Data Import/Export

(0)

Data Visualization

(0)

Enterprise Risk Management

(0)

Heatmaps

(0)

Incident Management

5.0

(1)

Issue Management

(0)

IT Risk Management

(0)

KRI (Key Risk Indicator) Monitoring

(0)

Legal Risk Management

(0)

Mobile Access

3.0

(1)

Essential ERM alternatives

Essential ERM

4.7

(25)

visit website

Starting from

299

/user

Per month

Free trial

Free version

Ease of Use

4.8

Features

4.5

Value for Money

4.9

Customer Support

4.9

MasterControl Quality Excellence

4.5

(432)

visit website

Starting from

25000

Per year

Free trial

Free version

Ease of Use

4.1

Features

4.2

Value for Money

4.2

Customer Support

4.5

HSI Donesafe

4.7

(81)

visit website

Starting from

No pricing info

Free trial

Free version

Ease of Use

4.6

Features

4.6

Value for Money

4.7

Customer Support

4.5

HSI

4.6

(58)

visit website

Starting from

No pricing info

Free trial

Free version

Ease of Use

4.6

Features

4.5

Value for Money

4.5

Customer Support

4.7

Essential ERM pricing

Value for money rating:

4.9

Starting from

299

/user

Per month

Pricing details

Subscription

Free trial

Free plan

Pricing range

view pricing plans

start trial

Essential ERM integrations (1)

Top integrations

VenTrack

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 reviews

Overall rating

4.7

Positive reviews

100

Rating breakdown

Value for money
Ease of use
Features
Customer support
Likelihood to recommend9.12/10

Rating distribution

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.”

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.”

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).”

Carolyn S.

Director, Pension Modernization

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

Peter H.

Enterprise Risk Consultant

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

Mishma B.

Risk Analyst

Read all reviews

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)

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