Top 20 Enterprise Risk Management Solution Companies - 2020

Although technologies are advancing at high speed, modern-day enterprises are prone to diverse obstacles and potential dangers. They face immense risks in managing reputation, day-to-day operational procedures, legal and human resources management, finance, and more. Cybercrime continues to be one of the biggest threats to any organization. Cybersecurity, as a business requirement, has reigned supreme every year, and it is no different in 2020. A cyberattack not only can damage a company’s reputation but also can lead to legal issues and ruin its financial stability. It, therefore, is imperative for risk managers and IT teams to have stringent contingency plans and prevention strategies. Additionally, there are also compliance risks that companies have to deal with. Abiding and complying with all the necessary laws and regulations is mandatory for all businesses today, failing on which may adversely affect a company’s future.

Another potential area of enterprise-related risk is the absence of artificial intelligence (AI) and robotic process assessment (RPA), the two powerful tools that play a significant role in improving and streamlining processes, enabling firms to meet their targets and stay ahead of their competitors. Statistics show that most enterprises are still utilizing traditional tools that fail to keep up with new-age risk management techniques. The role of advanced analytics becomes crucial, which makes it easier to get more precise insights in less time, using intelligent data techniques.

The good news is companies from different industries such as finance, pharmaceuticals, infrastructure, and logistics, among others, are gradually beginning to improve their enterprise risk management (ERM) that have been mainly influenced by the pressures. These may relate to unfortunate events in one’s own company, prompting an internal soul searching regarding whether existing risk-management approaches are adequate or external factors, such as compliance or regulatory changes.

Understanding the fact that risk management has a significant impact in responding to some of the critical challenges faced by enterprises, CIOReview has compiled a list of top enterprise risk management solution providers and consulting/service companies. These firms have been consistent in proving their mettle in the field of enterprise risk management with cutting-edge capabilities. We hope this issue of the CIOReview helps you build the partnership you and your firm need to foster technologically-driven enterprise risk management experiences.

We present to you CIOReview’s “20 Most Promising Enterprise Risk Management Solution Providers 2020.”

TOP VENDORS

Top 20 Enterprise Risk Management Solution Companies

Arceo

San Francisco-based Arceo aims to bridge the gap that exists between securing companies from cyber threats and insuring them for the costs of responding to incidents.Until cyber insurers can work out the risk tables and better assess cyber risks, companies will have a hard time obtaining really good coverage.Arceo is bridging this gap by providing technical risk assessments, which include a world-class evaluation of the security posture, the threats a company faces that pertain to its business and a company’s protection mechanisms as it relates to those threats.Arceo also is offering world-class bundled services–such as referrals to incident response and infrastructure recovery contractors. Adoption of those recommended services will have a positive impact on the technical risk assessments Arceo reports to insurers

Camms.

The company offers cammsrisk, a next-generation, easy to use, enterprise risk management system that combines the enterprise governance, risk, and compliance needs into a simple and holistic enterprise-grade solution.The company was recently named in Gartner Magic Quadrant for Integrated Risk Management Solutions for its ability to execute and completeness of vision. Gartner stated in its report that Camms focuses on developing a modern look-and-feel interface. With more than 20 years of experience in Enterprise Performance Management, Csmms is a leading risk & performance management solution provider in the enterprise SaaS world. As companies seek to position themselves in the new world now and post C-19 the link between strategy, enterprise performance and risk has never been more apparent

Ledgestone Associates

Ledgestone Associates is a leading risk management company that aims to create a paradigm shift in the industry by redefining the relationship individuals and businesses have with their agent or broker. By leveraging its risk assessment capabilities, out-of-the-box thinking, and leading-edge technologies, Ledgestone Associates delivers innovative insurance solutions that protect businesses. Unlike its peers in the industry, Ledgestone Associates thoroughly assess the client’s business and situation by leveraging its proprietary analytics-based risk assessment tool, RiskPoint360, and use the findings to develop creative, comprehensive, cost-effective solutions that fit their needs, while helping them control and mitigate risks

NICE Actimize

NICE Actimize, an award-winning leader in fighting financial crime, reducing risk, and automating regulatory compliance, is that trusted advisor to hundreds of financial services organizations of all sizes around the world. The company has achieved this feat not just because it has mastered a range of disruptive technologies such as artificial intelligence, machine learning and advanced analytics, but also because its industry-leading ActOne case management platform breaks down barriers between business units, fosters communications between disparate functions, and ultimately speeds efficiency across the organization

Alyne

Alyne is a content centered, RegTech, next generation Software as a Service. We enable organisations of all industries and sizes mature their cyber security, risk management and compliance capabilities and cost effectively measure maturity in your extended enterprise.Provides tailored Control Sets to help easily and confidently implement an ISMS and assess current maturity of the security management function at critical milestones along the way

Avetta

Avetta provides a cloud-based supply chain risk management and commercial marketplace platform. Our global solution is uniquely designed to connect the world’s leading organizations with qualified suppliers, driving sustainable growth. We build trustworthy bonds through responsive technology and human insight. Our process is collaborative. Our global reach is complemented by our local expertise. Hundreds of global organizations depend on Avetta to align their supply chains to sustainable business practices, worldwide. Discover more at avetta.com.

Compliance.ai

Compliance.ai is led by technology veterans, with a mission to empower professionals with the smartest regulatory and compliance change management platform. The company benefits from a strong group of financial industry advisors and board members. Designed to distil regulatory content into tangible intelligence, Compliance.ai is powered by dynamically adaptive machine learning models. Compliance.ai offers the fastest and most comprehensive collection of curated, financial services focused regulatory information. Our SMART Collaboration platform gives financial organizations the power to Search, Monitor, Access, Research and Track regulatory content in real-time. Our proprietary machine learning models continuously improve and deliver curated insights straight to your inbox.

CreditPoint Software

CreditPoint Software's SaaS platform offers the most comprehensive B2B credit risk and collections management solutions available. The product suite offers: online credit app, ratings & financial data, bureau integration, configurable scoring models, rule-based workflows, analytics driven monitoring and alerts, and business intelligence. CreditPoint Software's mission is to empower companies to be more efficient and eliminate their credit and collections management challenges. From SME's to Fortune 500 companies, CreditPoint Software stands as a proven solution for businesses seeking to transform their credit and collections management.

CyberGRX

CyberGRX provides enterprises and their third parties with the most cost-effective and scalable approach to third-party cyber risk management today. Built on the market's first third-party cyber risk Exchange, CyberGRX arms organizations with a dynamic stream of third party-data and advanced analytics so they can efficiently manage, monitor and mitigate risk in their partner ecosystems. Based in Denver, CO, CyberGRX was designed with partners including ADP, Aetna, Blackstone and Mass Mutual, and is backed by Allegis Capital, Bessemer Venture Partners, Blackstone, ClearSky, GV (formerly Google Ventures), MassMutual Ventures, Rally Ventures and TenEleven Ventures

CyberSaint Security

CyberSaint’s CyberStrong Platform empowers organizations to implement automated, intelligent cybersecurity compliance and risk management. The CyberSaint team’s intellectual DNA winds deeply through the academic and tech communities in Boston, the White House, CIA, IBM, EMC, MIT and more.Built upon the NIST Framework’s rules engine, the Platform uses credible risk data, compliance assessments, and C-level reports to strengthen your cyber strategy through measurement and improved communication. Proprietary Artificial Intelligence and Machine Learning technology augment and enhance your cyber program at scale while eliminating manual effort.