Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
RiskSmart is an innovative cloud-based platform designed to streamline governance, risk, and compliance (GRC) for teams tasked with overseeing organizational risks, controls, and regulatory duties. Its versatile workspace integrates essential functions such as risk registers, policy management, compliance tracking, internal audits, and assessments of third-party risks. Teams can effectively designate owners for various tasks, log incidents and issues, document necessary controls, gather supplier data, and monitor audit results along with subsequent follow-up measures. The platform features dashboards, notifications, and customizable reports that enhance visibility into these crucial activities. Additionally, it facilitates role-based access, single sign-on capabilities, and automated user provisioning to ensure security and efficiency. RiskSmart also includes a REST API, webhooks, automation via Zapier, and an MCP connection that supports integration with compatible AI assistants. Serving a diverse range of industries like financial services, retail, professional services, and technology, it empowers risk, compliance, and audit teams to operate more effectively. In essence, RiskSmart is an all-in-one solution that adapts to the unique needs of various organizations.
Description
Third-party risk management (TPRM) provides a systematic framework to evaluate and mitigate the risks that organizations face due to their associations with external entities. These external entities primarily include vendors, customers, joint ventures, counterparties, and fourth parties. Engaging with third parties can introduce considerable enterprise risks, especially as the number of partnerships expands, regulatory scrutiny increases, and the landscape of cyber threats becomes more intricate. As a result, businesses are increasingly allocating resources and focus towards understanding and managing the potential risks associated with these third-party affiliations. While such relationships enhance flexibility and competitiveness in the global market, they also enable organizations to outsource critical functions, allowing them to concentrate on their core strengths. However, the advantages brought by third parties are accompanied by serious risks, including the potential for cyberattacks, disruptions in business continuity, and damage to reputation, all of which can severely impact the overall health of a company. Thus, balancing the benefits and risks of third-party relationships has become essential for effective enterprise risk management.
API Access
Has API
Yes
API Access
Has API
No
Integrations
ChatGPT
Yes
Claude
Yes
Google Workspace
Yes
Microsoft Copilot
Yes
Microsoft Entra ID
Yes
Microsoft SharePoint
Yes
Model Context Protocol (MCP)
Yes
Okta
Yes
Zapier
Yes
Integrations
ChatGPT
No
Claude
No
Google Workspace
No
Microsoft Copilot
No
Microsoft Entra ID
No
Microsoft SharePoint
No
Model Context Protocol (MCP)
No
Okta
No
Zapier
No
Pricing Details
Pricing is based on the modules selected. Additional users do not incur per-user licence fees. Single sign-on, SCIM provisioning, integrations and platform updates are included without additional charges.
Free Trial
No
Free Version
No
Pricing Details
$750 per year
Free Trial
Yes
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
RiskSmart
Founded
2020
Country
United Kingdom
Website
www.risksmart.com
Vendor Details
Company Name
Riskpro India
Founded
2011
Country
India
Website
www.riskpro.in
Product Features
Compliance
Archiving & Retention
No
Artificial Intelligence (AI)
No
Audit Management
No
Compliance Tracking
No
Controls Testing
No
Environmental Compliance
No
FDA Compliance
No
HIPAA Compliance
No
ISO Compliance
No
Incident Management
No
OSHA Compliance
No
Risk Management
No
Sarbanes-Oxley Compliance
No
Surveys & Feedback
No
Version Control
No
Workflow / Process Automation
No
GRC
Auditing
No
Disaster Recovery
No
Environmental Compliance
No
IT Risk Management
No
Incident Management
No
Internal Controls Management
No
Operational Risk Management
No
Policy Management
No
Risk Management
Alerts/Notifications
No
Auditing
No
Business Process Control
No
Compliance Management
No
Corrective Actions (CAPA)
No
Dashboard
No
Exceptions Management
No
IT Risk Management
No
Internal Controls Management
No
Legal Risk Management
No
Mobile Access
No
Operational Risk Management
No
Predictive Analytics
No
Reputation Risk Management
No
Response Management
No
Risk Assessment
No
Product Features
GRC
Auditing
No
Disaster Recovery
No
Environmental Compliance
Yes
IT Risk Management
Yes
Incident Management
Yes
Internal Controls Management
Yes
Operational Risk Management
Yes
Policy Management
No
Risk Management
Alerts/Notifications
Yes
Auditing
Yes
Business Process Control
No
Compliance Management
Yes
Corrective Actions (CAPA)
Yes
Dashboard
Yes
Exceptions Management
Yes
IT Risk Management
Yes
Internal Controls Management
No
Legal Risk Management
No
Mobile Access
No
Operational Risk Management
Yes
Predictive Analytics
No
Reputation Risk Management
Yes
Response Management
Yes
Risk Assessment
Yes
Vendor Management
Audit Management
Yes
Contact Management
No
Customer Database
No
Self Service Portal
No
Supplier Master Data
No
Transaction History
No
Vendor Maintained Profiles
No
Vendor Managed Inventory
No
Vendor Performance Rating
No
Vendor Qualification Tracking
No