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 Enterprise Risk Management Solution Companies

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

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 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, 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

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

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

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

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

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 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.

CyberVadis

CyberVadis

The CyberVadis platform is based on a methodology that maps to all major international compliance standards and combines the speed of automation with the accuracy and effectiveness of a team of experts. This includes engaging vendors directly with assessments, validating results with an in-house team of security analysts, and issuing companies a standardized cybersecurity rating that they can share with others, along with a detailed improvement plan for increasing their score and the ability to collaborate with clients and vendors on implementing better practices. CyberVadis was developed by EcoVadis, the world’s most trusted provider of businesses sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains

FINCAD

FINCAD

FINCAD is the leading provider of enterprise portfolio and risk analytics for multi-asset derivatives and fixed income. An industry standard since 1990, our advanced analytics, flexible architecture and patented technology enable financial institutions to make better investment and risk decisions. Our goal is to provide our clients with solutions that help them achieve their goals, with no compromises. Clients include leading global asset managers, hedge funds, insurance companies, pension funds, banks and auditors

Fiserv

Fiserv

Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization.

Imagine Software

Imagine Software

Imagine is the leading provider of real-time portfolio, risk management and regulatory solutions for financial services firms worldwide. Our integrated software, data and services help businesses better manage financial risk, improve portfolio performance, and deliver transparency. Imagine’s innovative technology and talented professionals deliver the products and solutions that enable our clients to navigate changing markets, respond to regulatory change and scale for growth

LogicManager

LogicManager

Company's enterprise risk management (ERM) software empowers organizations to anticipate what’s ahead, uphold their reputation, and improve business performance through strong governance. LogicManager is committed to helping businesses of all sizes across industries manage their risks proactively, and meet the expectations of their customers, employees, shareholders, and communities at large. Independent research firms have recognized LogicManager for our outstanding achievements in ERM. LogicManager was named a Leader in GRC Platforms in The Forrester Wave™: Governance, Risk, and Compliance Platforms, Q1 2018. Our software and support were recognized as the highest in Ability to Execute on the 2018 Gartner Magic Quadrant for Integrated Risk Management. Awards such as these support our claim that we are empowering organizations to build a better tomorrow.

Mainline Information Systems

Mainline Information Systems

Mainline is an IT solution provider serving clients across the United States and across industries. With acquired knowledge and earned trust, we offer expertise and experience to our clients at a local level, with the backing of a national, highly skilled organization.Founded in 1989, Mainline offers over 30 years of experience to our 2500 customers. With over 400+ IT professionals, we act as an independent advisor to find the best solution for our clients’ business needs and strategy. Mainline partners with best of breed solution providers and we have over 1000 technical and sales certifications, including accreditation by the International Enterprise Architecture Institute (iEAi).

Mitratech

Mitratech

Mitratech is a proven global technology partner for corporate legal professionals who seek out and maximize opportunities to raise productivity, control expense, and mitigate risk by deepening organizational alignment, increasing visibility, and spurring collaboration across the enterprise. With Mitratech's proven portfolio of end-to-end solutions, operational best practices permeate the enterprise, standardizing processes and accelerating time-to-value. By unlocking every opportunity to drive progress and improve outcomes, we're helping legal teams rise to the challenge of serving the evolving needs of the modern, dynamic enterprise.

Qlarant

Qlarant

Qlarant has a strong commitment to protecting the integrity of national and state health care systems in Medicare, Medicaid, and the private sector. In addition, The Qlarant Foundation issues annual grant awards to various programs that provide programs to underserved communities.Qlarant offers a broad range of innovative services: we’re proud to deliver our solutions for Quality Improvement; Fraud, Waste, & Abuse; and Data Sciences & Technology. Our PLATO® Real-time Predictive Modeling and Data Analytics tool sifts through billions of claims and public criminal records to detect aberrant trends and alert users for early investigative and audit actions with high accuracy and performance. We also provide quality review programs, auditing, training, and have an in-house call center ready to meet your needs.

TruOps

TruOps

TruOps is a comprehensive, cloud-based cyber risk management platform. Our integrated platform centralizes asset information and associated risks across the enterprise, allowing you to make the best use of your resources. With more than two decades of experience in security, governance, risk, and compliance, we recognized the need for a holistic cyber risk management platform that is simple to use and deploy, comes integrated with most common IT systems, and easily identifies potential threats. So we built TruOps.

TTEK

TTEK

TTEK (pronounced “Tee-Tek”) specializes in developing and deploying technology for the optimization of customs and border processing. Headquartered in Barbados, the company promotes a fusion of leading edge products with operational and academic subject matter expertise to help assist nations with modernizing their border processing systems and methodologies.TTEK develops innovative and disruptive border management technologies using machine learning and predictive analytics -drawing upon artificial intelligence and blockchain methodologies.Simultaneously, TTEK border experts offer best practices, new ideas, and solutions for modern policies, programs, and systems. Our experts have been uniformed customs officers, intelligence officers and analysts, managers, supervisors, executives, and academics.