Risk Management Software

Risk Management Software

A Total Solution From Only £400

The original Enterprise Risk Management Software Solution

Pre-loaded with over 180 template risks to get you started.
Risk Management Software Overview

The perfect Risk Management Solution

“Having previously managed all our Corporate risks via spreadsheets we are currently migrating our risk registers onto the Symbiant Risk Management System.The capabilities of the software are allowing us to considerably enhance the level of risk maturity across the University. It is allowing us to transform the management of our organisational risks to the extent that our Risk Management Policy……”
– Cardiff Metropolitan University
★★★★★

Simple Collaboration

“We use Symbiant Risk Suite to help us identify, assess and treat risks for a wide variety of business initiatives including change management, acquisitions, new product development and customer projects. Risk Suite provides us with a way to automate our risk management process, we operate globally and it is difficult to arrange meetings to suit several time zones, Risk Suite’s on-line, highly collaborative software overcomes this issue and allows us to get input from a wide range of stake holders in a very rapid…..”
– Emerson Group
★★★★★

Excellent Value For Money

“We have been using Symbiants’ risk software for 10 years now and have been impressed with the high level of service and the outstanding features of the software. You would struggle to find better so don’t be put off by their incredibly low pricing.”
– Natures Way
★★★★★

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Risk Management Software customer

When Go Compare compared the market they chose Symbiant

From charities to banks, public sector to PLC, Symbiant offers the best features at an unbelievably low price.

Overview

Risk Management Software

Symbiant is cost effective, intuitive and simple to use software solution that has all the features and management software tools you will need to embed risk management across the business (ERM, enterprise risk management). It is also the perfect compliance management solution for anyone who wants to conform to standards such as ISO 31000, ISO 27001, ISO 27005, ISO 14000, ISO 9001, Pillar 2 and general compliance and regulation such as GDPR.

Real Time Reporting of Risk Exposure

Symbiant is the only solution that provides real time monitoring and reporting of your risk exposure by using real time control monitoring and dynamic residual risk scoring, that allow you to score risks using both qualitative or quantitative methods.
See the overview video
Real Time Monitoring of Risk Exposure

Symbiant Covers the 5 steps in the risk management process

1. Risk assessment methodology. You can define rules on how you are going to score and perform the risk assessment and treatment, allowing the whole organization to have a uniformed approach.

2. Risk assessment implementation. The virtual risk workshops and Risk Assessment Questionnaires let you discover and assess potential problems, you can list your assets, threats and vulnerabilities related to those potential issues and assess the impact and likelihood for each combination of assets/threats/vulnerabilities, based on your rules, the software will calculate the level of risk for each threat.

3. Risk treatment implementation. Using the treatment phase of the risk workshops you can suggest, discuss, ballot and finally adopt treatment plans for the unacceptable risks.

4. Statement of Applicability. Using the reports, workshop activity and the control module you can create a security profile of your company and list all the controls you have implemented, why you have implemented them, and how.

5. Risk Treatment Plan. From the final phase or a risk workshops you can create action plans and assign ownership of the management action with an action by date and then monitor this action to implementation.

All the Software tools you need

Symbiant has all the features you need, ready for when you need them. It’s the perfect compliance management software for implementing the ISO 31000 framework or the requirements set out in Pillar 2. It provides all the software tools required to help you comply with ISO 27001 such as “assess and treat risks” and company-wide participation. It has everything you need to apply the standards for ISO 27005. The questionnaires will also help you comply with regulations such as GDPR. Modules include: Incident reporting, workshops, control management and assessment, Risk Indicators and easily managed Risk Registers.

Company-Wide Participation

Symbiant was the first software solution to facilitate collaboration. The full set of modules help you to extend enterprise risk management across the business. Designed to be used by both risk experts and non-risk specialists it’s Web Based, so users only need a web browser to access Symbiant, and it’s provided as a fully managed SaaS solution, ready to use instantly on our secure cloud environment or if you prefer you can host it yourself on your own network.

Advanced Features

Accurate, automated risk scoring. By linking controls to residual scores Symbiant gives you Dynamic residual scoring. Risks can also have different scores to reflect the different types of impact. Set Risk Appetite at multiple levels. Test controls and monitor performance or environmental issues with risk indicators.

Symbiant is way ahead of other providers. Our solution is developed on feedback by our clients, so it’s the solution you want and can afford.

Reporting

Produce an array of professional Risk reports including registers and heat maps as well as details on risk actions and scoring history, in fact everything for stakeholders and the risk committee.

Customise

Customise layouts and forms so the system provides what you need, when you need it. You can even convert it to another language.

Risk Modules

Risk Map top 5

Risk Modules

A compliance management software tool is only as good as the data it can analyse and a complete risk management program needs to look at the whole organisation and provide data in real time. Symbiant provides the tools to collect all the required data from across the whole organisation and report in real time.

  • Risk Registers compile, manage and report on the company’s risks.
  • Risk Workshops Sandbox virtual environments so you can organise and manage groups to collaborate on risk assessments including scores and treatment plans.
  • Risk Assessment Questionnaires create questionnaires to assess risks and Assets.
  • Multi Value Scoring Create multiple Impact x Likelihood qualitative or quantitative scoring sets so you can evaluate and report on different types of risk impact.
  • Risk Controls Self Assessment Assess and test the controls to ensure they are working and see which are your most valuable controls
  • Incident Reporting Users can report incidents, hits and near misses or even issues such as customer complaints.
  • Key Risk/Performance Indicators An Early warning system to record environmental factors that may affect risks, individual RI’s can aggregate to an overall KRI.
  • Action Plans Give ownership of management action plans with action by dates and let the automated email functions notify and remind users.

Total Compliance Software Solution

Dynamic Risk Registers

Accurate Risk Scoring

Residual risk scores are based on controls being in place, if these controls are not working your assumptions are wrong and so are your risk registers.

To overcome this we created dynamic residual scoring, meaning you link your controls to the impact or likelihood reduction, test your controls via the systems risk control self assessment questionnaires and if any controls fail  your registers will dynamically adjust to reflect the new position.

Also see the overview video
Real Time Monitoring of Risk Exposure

Risk Controls

 

Risk management software

What are your most valuable controls?

Linking controls to risks also allow you to see which are your most valuable controls and how much of a reduction they account.

Risk Control Assessment

Risk and Control Self Assessment (RCSA)

Risk and control self assessment (RCSA) is an important part of any risk management system.

Symbiant risk modules include a comprehensive and advanced control management module. It allows you to monitor in real time, Key and Sub controls, with intra day dashboards and email notifications. Create or schedule assessment questionnaires to test the controls. link these controls to risks for real time monitoring of risk exposure. See the white paper Real Time Monitoring of Controls

Control Self Assessment

Risk Indicators, Early Warning System

To compliment the assessment tools you can use KRI (Key Risk Indicator) questionnaires as an early warning system. These allows you to collect performance or other data that may cause stress on certain risks or controls giving you advanced warnings to potential issues or breaches.

Key Risk Indicators

Automated Emails

Automated email keep people notified

Simple to use wizards let you tailor your own email notifications and at what intervals or triggers they will be sent. Advanced features allow you to exclude types, divisions or users or send different emails based on matching criteria.

Reminders and Notifications ensure things get done.

automated email notifications

Dashboards

Risk Dashboard

Drillable Risk Dashboards

Configurable risk dashboards give you instant pictorial reporting on the information you need. Click on the graphs to drill down.

You can also set a dashboard to appear when a user goes to a module so they are instantly aware of issues or how well they are performing.

Reporting

Risk Registers

Reports to impress

A good risk management software solution needs to produce professional Risk reports. With Symbiant you can do this with just a click of the mouse, the risk reports include heat maps and risk maps, in fact, everything for the risk committee and stakeholders.

Saves time and money

See examples of Risk Reports

Risk and Audit Management Software customer

The Man from Del Monte
He Said YES!

Companies who pride themselves on Quality choose Symbiant

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Customer Quotes

What our customers say

We are very impressed with Symbiant. Its simplicity and ease of use aligned with its flexibility and extensive reporting capabilities make it a very useful tool.
The Institute of Chartered Accountants in England and Wales
Having implemented Symbiant into our global business a year ago it has provided the complete solution we required to manage our risk and internal audit functions. It’s a powerful tool, very user friendly and supported by a great team. It’s a product I would certainly recommend!
The Innovation Group Ltd

Risk management News

Google Alert - risk management

More than half of CEOs think their enterprise risk management software (ERM) program is not as effective as it should be.

The Need for enterprise risk management Software
With companies experiencing an increase in risks, it’s no surprise the report uncovered that 88% of CEOs think ERM is very or extremely important. However, while most companies have an ERM program in place, there seems to be little agreement as to what a successful program should really looks like in practice, beyond the obvious.
Fortunately, CEOs are beginning to understand the need for their involvement in their company’s ERM program with 66% wanting more involvement.
“It’s not a matter of if your company will face risk, it’s a matter of when, and which risks. Every business faces risks, and without a strategy in place, you are setting your company up for failure, for CEOs to become more involved with ERM, they must integrate ERM in their business decision-making process and create a culture of risk. The responsibility of ERM does not fall only on the IT or compliance departments, it involves every employee and every department.”
The CEOs surveyed echo this sentiment, asserting a clear desire for increased visibility into risks and a quantifiable methodology for tracking and evaluating them.
Several CEOs lamented the “labor-intensive” process in their organizations and voiced a need for a “better understanding of what it’s costing us to mitigate risk.” They also recognize a need for “regimented” and “streamlined” methods of factoring risk into their overall business strategies.

Governance, risk management, and compliance (GRC) is the capability to reliably achieve objectives [GOVERNANCE] while addressing uncertainty [RISK MANAGEMENT] and act with integrity [COMPLIANCE]. The components of GRC provide the three legs of the stool that offer support and stability to the business and its operations. You take one leg away and the stool is no longer stable. It takes all three elements of governance, risk management and compliance working together to provide stability and balance for the organization.

Risk Assessments

In a risk assessment, one tool you can use is a risk universe. A risk universe is a list of the potential risks that your organisation, or a similar one in your line of business, might face. The risks are organised into categories such as financial, operational, people, and strategic. Under the people category, you might find sufficient people, sufficient competence, colleague engagement, and colleague safety, for example. When you are performing a risk assessment, the universe provides a checklist. But it doesn’t mean you won’t have missed something important.
• Brainstorming the functional objectives
• Building a picture of the risks
• Consider threats and opportunities
• Building the details of the controls
• Planning the assignment
• Determining the types of test and techniques to use
• Determining the threats to success
The Converging Roles of the Assurance Providers
• The increasing emphasis on governance, assurance and control
• How should the various assurance providers rise to the risk challenge?
• Synchronizing regulatory compliance with internal audit and the risk management functions
• The need to coordinate the assurance providers
• Assurance mapping
• Linking external auditors into the process

Every organization is doing GRC, no matter what they call it. The question is, how mature is the organization’s GRC capability? Is it a reactive and disconnected process with departments going in many directions with much redundancy? Or is it mature, integrated and coordinated across the organization that aims to deliver on agility, efficiency and effectiveness of GRC-related processes in the context of organizational strategy, performance and objectives?
Organizations need a mature GRC capability that is supported by strong information and technology architecture that provides an integrated view of objectives, risks, compliance, controls, events and more. However, what confuses organizations is that they think GRC is about technology. That is putting the cart before the horse. GRC is about a capability delivered through a coordinated strategy and processes across the organization. Technology enables these processes to work together and function, but it does not define them. Too many organizations think GRC is something they purchase. GRC is not something you buy; it is something you do: GRC is the actions and activities of governance, risk management, and compliance.
There is technology for GRC and we often call this integrated or enterprise GRC platforms. However, these solutions are not GRC in themselves. Nor is there any single technology solution that does everything GRC. There can and should be a central core GRC platform that connects the fabric of governance, risk management and compliance processes, information and other technologies together across the organization. This architecture is the hub of GRC management and requires that it be able to integrate and connect with a variety of different systems and enterprise applications to deliver on GRC
• The increasing emphasis on governance, assurance and control
• How should the various assurance providers rise to the risk challenge?
• Synchronising regulatory compliance with internal audit and the risk management functions
• The need to coordinate the assurance providers
• Assurance mapping
• Linking external auditors into the process

Blogs About Risk Management Software In Use

Our Customers

Trusted by names you know, from Charities to Banks, Government to PLC

Glasgow City Council Bank of England Mazars acca Toyota Fruit of the loom Cardiff Metropolitan University KPMG Barratt Developments plc ILO BDO gocompare Skipton Ikea Harrods

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