Riskonnect
by RiskonnectRiskonnect is aimed at risk, claims, safety, compliance, resilience, audit, insurance, and technology risk teams.
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Best Operational Risk Management Software 2026
Facts read 21 Sep 2026 – 8 Oct 2026
These tools can handle work such as assessing risks, managing incidents, monitoring KRIs, testing controls, recording loss events and running scenario analyses. This list helps buyers compare those functions alongside deployment choices and platform support.
The standings: top 10
| Name | Record score | Runs on | Facts read |
|---|---|---|---|
| 01 Riskonnect | 4.2 | Android, iPhone & iPad, Web, API | 7 Oct 2026 |
| 02 Camms.Risk | 3.7 | Web | 5 Oct 2026 |
| 03 Protecht | 3.6 | Web, API | 3 Oct 2026 |
| 04 MetricStream | 3.5 | Web, API | 8 Oct 2026 |
| 05 IBM OpenPages | 3.2 | On-premises | 7 Oct 2026 |
| 06 ServiceNow Operational Risk Management | 2.7 | Android, iPhone & iPad, Web | 24 Sep 2026 |
| 07 Ideagen Risk Management | 2.3 | Web | 21 Sep 2026 |
| 08 LogicGate Operational Risk Management Application | 2.3 | Web | 24 Sep 2026 |
| 09 Quantivate Operational Risk Management | 2.3 | Web | 24 Sep 2026 |
| 10 RiskSpotlight | 2.3 | Web | 24 Sep 2026 |
The list is ordered by newest releases first, using figures the makers publish. It is a finder list, not a scored ranking.
02
Camms.Risk
Web Record3.7 Visit
03
Protecht
It may suit organizations in financial services, government, education, healthcare, and other industries seeking to manage multiple risk and compliance areas in one…
WebAPI Record3.6 Visit
04
MetricStream
MetricStream suits organizations managing broad governance, risk, compliance, audit, cyber and resilience programs.
WebAPI Record3.5 Visit
05
IBM OpenPages
On-premises Record3.2 Visit
Before you choose
Match the risk work
Assess products by the risk assessments, incident handling, KRI oversight and control-testing functions they provide.
If your process calls for it, include loss-event records and scenario analysis in the comparison.
Check deployment and platforms
Check whether each tool’s deployment approach and platform support fit your web, API, iOS, Android or on-premise setup.
Camms.Risk and Ideagen Risk Management show web access; Protecht shows both API and web access.
Read the pricing terms
All entries use paid pricing.
Several vendors ask buyers to request a quote, while IBM OpenPages lists a starting price of $3,300 per month.
Plan the evaluation
Use the published capability fields and platform details to build a shortlist. Confirm the deployment model, desired risk functions and commercial terms before contacting a maker.
If you need a free way to try a product, check the listing for a stated trial or free plan rather than assuming one is available.
Questions
What functions are covered by operational risk management software?
Operational risk tools in this comparison address risk assessments, incident management, KRI monitoring, controls testing, loss-event tracking and scenario analysis.
Which deployment platforms are represented?
Listed platform options include web, API, iOS, Android and on-premise; support differs by product.
Are any free plans available?
Free-plan availability varies. Archer, IBM OpenPages, LogicGate and RiskSpotlight have no free plan listed.
Can I try a product before paying?
RiskSpotlight advertises a 14-day trial. Its listing also says there is no free plan.
How is pricing shown?
IBM OpenPages lists a $3,300-per-month starting price; the remaining listings provide pricing on request.
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