Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Average Ratings 0 Ratings

Total
ease
features
design
support

No User Reviews. Be the first to provide a review:

Write a Review

Description

Riskion® serves as Expert Choice's comprehensive risk management solution tailored for organizations seeking more than just basic or spreadsheet-driven risk assessment. It establishes a methodical and systematic approach to pinpoint risks, their underlying causes, events, and potential outcomes throughout the organization, utilizing mathematically robust, ratio-scale evaluations instead of mere speculation. By facilitating collaborative input from stakeholders, it allows decision makers to harness collective expertise and visualize connections among various risk factors, triggers, and mitigation strategies. Riskion also enables the assessment of both low and high probability events, facilitates scenario comparisons, and optimizes resource allocation for effective risk treatment. The use of visual tools, such as "bow-tie diagrams," effectively conveys risk pathways and exposures. Ultimately, Riskion is designed to enhance accountability, deliver dependable risk assessments, and streamline decision-making processes by minimizing uncertainty and fostering clarity within the organization, thereby empowering teams to respond proactively to potential challenges.

Description

iCoRisk serves as an innovative accelerator for managing corporate risks, leveraging the Microsoft Power Platform to allow organizations to oversee, reduce, and handle various types of risks—including project, operational, and corporate—within a single, cohesive system. The platform features customizable risk scoring models that accommodate pre-, post-, and target-risk assessments, while also integrating risks with corresponding controls and mitigation strategies, and automating processes like notifications, email alerts, and approval workflows. Users can effectively map risks to different divisions, connect project-related risks with routine business risks, and access real-time, dynamic dashboards and reports powered by Power BI, providing stakeholders with a clear view of risk registers and ongoing mitigation efforts. Additionally, as a component of Microsoft 365 and the Power Platform, iCoRisk ensures seamless integration with Azure, Teams, and various third-party applications, which facilitates collaboration and embeds risk management activities into everyday business functions, thus enhancing overall operational efficiency. This holistic approach not only streamlines risk management but also empowers organizations to respond to challenges proactively and efficiently.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

No images available

Screenshots View All

Integrations

Microsoft 365 No 
Microsoft Azure No 
Microsoft Dynamics 365 No 
Microsoft Power BI No 
Microsoft Power Platform No 
Microsoft Teams No 

Integrations

Microsoft 365 Yes 
Microsoft Azure Yes 
Microsoft Dynamics 365 Yes 
Microsoft Power BI Yes 
Microsoft Power Platform Yes 
Microsoft Teams Yes 

Pricing Details

$6,000/month
Single Seat: $6,000/month
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac Yes 
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 No 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person No 

Vendor Details

Company Name

Expert Choice

Founded

1983

Country

United States

Website

www.expertchoice.com/riskion/

Vendor Details

Company Name

iCoTech Services

Founded

2018

Country

United Kingdom

Website

icotechservices.co.uk/icorisk/

Product Features

Decision Support

Application Development No 
Budgeting & Forecasting No 
Data Analysis No 
Decision Tree Analysis No 
Monte Carlo Simulation No 
Performance Metrics No 
Rules-Based Workflow No 
Sensitivity Analysis No 
Thematic Mapping No 
Version Control 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

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 

Alternatives

Analytica Reviews

Analytica

Lumina Decision Systems

Alternatives

BowTieServer Reviews

BowTieServer

CGE Risk Management Solutions
Risk Radar Reviews

Risk Radar

Pro-Concepts
DPL Professional Reviews

DPL Professional

Syncopation
Rocket CorRisk Reviews

Rocket CorRisk

Rocket Software
EnavRisk Reviews

EnavRisk

Enaviya Information Technologies