Essential ERM Features

Essential ERM

Purpose-built enterprise risk management software

4.67/5 (15 reviews)

Essential ERM Feature Summary

  • ERM program catalyst
  • ERM automation
  • Risk tracking
  • Bowtie builder
  • Root cause tracking
  • Mitigation tracking
  • Risk voting & data collection
  • Key risk indicators
  • Multi-tier management
  • Automated follow up
  • Automatic reminders
  • Risk portfolios
  • Risk scenario modeling
  • Action workflows
  • Dynamic heat maps
  • API toolkit
  • Email reminders
  • Intuitive timeline

Competitor Feature Comparison

API
Action Planning
Email Invitations & Reminders
Heatmap
Portfolio Management
Reminders
Risk Assessment
Role Management
Timeline Management
Workflow Management
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API
Action Planning
Email Invitations & Reminders
Heatmap
Portfolio Management
Reminders
Risk Assessment
Role Management
Timeline Management
Workflow Management
Visit WebsiteCompare App
API
Action Planning
Email Invitations & Reminders
Heatmap
Portfolio Management
Reminders
Risk Assessment
Role Management
Timeline Management
Workflow Management
Visit WebsiteCompare App

Essential ERM Feature Reviews

15 reviewers had the following to say about Essential ERM's features:

Navin Maharaj

Optrimizing Risk information

2018-08-13

Trying to get a handle on management risk information from across differing entities in the organization proved to be a challenge.

Pros

Ease of use, flexibility, cost, user interface, support team and the innovative mindset of the developers

Cons

Integration with other assurance functions and reporting seems to be evolving and is still new

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
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Anonymous
(Insurance company, 51-200 employees)

User friendly & supportive team

2018-08-13

At this time we are not solving any current problems because the software does not have the capability to provide us with management reports in dollars.

Pros

So far we have been using a risk register designed on a spreadsheet.

Cons

For us to be able to successfully implement using Essential ERM, we need to be able to produce various reports with dollars.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Occasionally

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
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Bill Wesioly

Easy to understand, easy to access, extremely valuable as a management tool

2018-07-27

Extremely useful and accessible tool

Pros

Connects with what Risk Management needs.

Cons

Haven't used it enough to determine how "real time" customer support is.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Banking company, myself only employees)

Essential ERM provides what is needed

2018-08-02

I am using Essential ERM in support of my consulting practice.

Pros

This software is simple while providing the essential requirements to enable leaders to identify and manage risks, adding valuable insights to help them be more successful.

Cons

Libraries and industry data can provide management with a reference point and in identifying "blind spots".

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Financial Services company, 10001+ employees)

Essential ERM - Your company's 1 stop for everythign ERM

2018-08-02

Looking forward to the integration of voting coming soon!

Pros

Some of the top selling features: -Real-time, web-based and accessible world-wide -Allows users to create and prioritizing custom risks -Automatic follow-up on action items -Automatically creates adjustable and comparable risk heat maps - Uses ERM best-practice a bow-tie approach for individual risks

Cons

Some functionalities still under development, but this does not alter our use of the tool.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
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Tom Hancock

A solid, intuitive, developing risk management tool

2019-09-26

The customer service, particular from our Account Manager, has been excellent

Pros

Everything works as you should expect, and the risk process has a very good flow.

Cons

As it is a developing piece of software there are some features that are still to be added, such as the reporting capabilities, but the response to ideas and queries has been excellent, and I'm confident things will continue to grow/improve!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Hospital & Health Care company, 51-200 employees)

Good solution that meets our needs

2019-10-01

We have multiple organizations working on a large, multi-year shared program.

Pros

Easy to use and onboard my staff.

Cons

Reporting is still improving; hard to change our old habits of presenting risks at a meeting without using the tool in the meeting.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Raaj Aziz

Simple and productive software for ERM professionals!

2018-08-22

Pros

The software was easy to use and update information.

Cons

Doesn't integrate with GRC systems (it wasn't designed to!)

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Occasionally

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
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Mishma Bhatia

Essential ERM

2019-10-01

Pros

- User friendly - Great Bow-tie functionality - Great pricing

Cons

- Reporting functionality needs to be developed more - KRI functionality missing

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Monthly

Likelihood to recommend

6/10
Source: Capterra
Helpful?   Yes   No
Read more
Bob Nicholson

Essential ERM implemented a solution and engaged more like a partner than a supplier.

2019-10-01

We wanted to formalize and create a structure for our risk management process that engaged teams across the organization to easily & effectively add/change/delete risk events, and both assess and manage risk.

Pros

While Essential ERM does provide great training and support, the software is intuitive and easy to pick-up.

Cons

We are relatively new users, and have not found any issues of concern.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
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Anonymous
(Financial Services company, 1001-5000 employees)

Essential ERM is an essential tool for any organization to manage their ERM outside of spreadsheets.

2018-08-18

Pros

Very easy to configure and has very good reporting options.

Cons

The product needs more reports, but I am sure they are being developed and will be part of the upcoming releases.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Monthly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Carolyn Sedgwick

Essential ERM software review

2019-10-08

Great.

Pros

Risk event views. Reporting views.

Cons

Big issue - If I have the same action repeated for several risks it shows up as different actions. Minor issue - Lack of printable /sharable risk event view (when needing to share outside of software, e.g. in a meeting)

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Urooj Kirmani

Essential ERM Review

2018-08-03

Pros

Ease of use, User friendly Easy to create risk categories Easy to conduct analysis

Cons

Some of the features are under development. Although, the development team is very recptive to suggestions

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Steve Dilts

Tracker Business Partner review

2018-08-07

The business problems we are solving with ERM is creating engagement with our teams who have responsibility for assessing and documenting risks within our ERM process. Those with little prior experience in SOX or other types of risk evaluation find the tool intuitive, logical and provides the ability to link the outcomes in a more streamlined and visual fashion.

Pros

The Essential ERM Software is an intuitive dynamic tool that takes a relatively complex subject area and allows the user to simplify the process of risk assessment, quantification and tracking of identified risks. this has been a big help to our team as we look to expand the knowledge base and accountabilities of our team as we look to embed ERM into our orgainzation.

Cons

At this point we have not identified any significant issues or challenges with the software. The Trackers team has been great at taking feedback and incorporating changes to the product where it makes sense.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Carol Williams

Easy to Implement for ERM Beginners

2019-10-01

Using the software gets you out of using spreadsheets, which is a definite plus. The ability to link risks to objectives is important for executives. The support for Essential ERM has been extremely responsive to questions.

Pros

If you don't have any existing ERM processes, Essential ERM is a great way to jump start a consistent method for identifying and managing risks in your organization.

Cons

The software is harder to use if your organization has an established process or methodology, as the system has limited customization available.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more