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Ideagen Risk Management

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Last updated on

Company health

Employee growth
14% increase in the last year
Web traffic
11% increase in the last quarter
Financing
July 2021 - $344M

Ratings

G2
4.2/5
(33)

Ideagen Risk Management description

Ideagen Risk Management helps mid-sized companies get a handle on the risks that could impact their business. It provides a centralized system to record, assess, and report on all types of risks. The software allows you to set up your own scoring criteria and easily create reports to share with stakeholders. Ideagen Risk Management helps you move away from error-prone spreadsheets to a more secure, automated system. It also helps ensure compliance with various regulations and standards like ISO and ESG.


Who is Ideagen Risk Management best for

Ideagen Risk Management helps mid-sized companies centralize risk assessment and reporting. Users praise the intuitive interface, centralized system, and automated workflows. However, some find reporting complex. It's ideal for organizations seeking a robust, customizable system to move beyond spreadsheets, despite some initial setup challenges.

  • Ideal for medium businesses (101-1000 employees), a good fit for larger enterprises.

  • Suitable for various sectors, especially finance, IT, and non-profits.


Ideagen Risk Management features

Supported

Ideagen Risk Management helps ensure compliance with various regulations and standards like ISO and ESG.

Supported

Workflows and notifications can be automated to reduce time spent on follow-up actions.

Supported

Users can define their own formulas and scoring criteria, rather than being limited by pre-set options.

Supported

Offers a centralized library for objectives, risks, controls, and tasks (ORCT) for easy access and updates.

Supported

Provides a single platform to view and manage all risks, both strategic and operational.

Supported

The software enhances visibility into risk levels and control effectiveness, which aids in better decision-making.

Supported

Dashboards and reports allow for monitoring risks and controls to identify changes, trends, and potential issues.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Value and Pricing Transparency

Neutral
-0.2

Customer Service

Strongly positive
+1

Ease of Use

Strongly positive
+0.83

Reliability and Performance

Strongly positive
+1

Ease of Implementation

Neutral
+0

Ideagen Risk Management reviews

We've summarised 33 Ideagen Risk Management reviews (Ideagen Risk Management G2 reviews) and summarised the main points below.

Pros of Ideagen Risk Management
  • User-friendly interface, easy to navigate.
  • Centralized system for risks, actions, and KPIs.
  • Automated notifications and workflows.
  • Customizable risk scoring and assessments.
  • Flexible reporting capabilities (despite complexity).
Cons of Ideagen Risk Management
  • Difficult reporting features, especially creating custom reports and graphs.
  • Classic version required for some features, like report building, while the rest of the system is browser-based.
  • Initial setup can be complex and time-consuming.
  • "Java reliance" poses integration challenges in specific environments.
  • Limited flexibility for bespoke graphics in the web version.

Ideagen Risk Management pricing

The commentary is based on 5 reviews from Ideagen Risk Management G2 reviews.

Ideagen Risk Management is considered a valuable tool for risk management, compliance, and performance monitoring. While some users find it pricey, others highlight its affordability compared to alternatives, making it accessible to various organizations. It offers a robust feature set justifying the cost for many.

Users sentiment

Neutral
-0.2

Ideagen Risk Management alternatives

  • Logo of AuditBoard
    AuditBoard
    Connects risk, audit, and compliance management for better control.
    Read more
  • Logo of IBM Security Guardium Data Risk Manager
    IBM Security Guardium Data Risk Manager
    Finds sensitive data, assesses risks, and guides protection.
    Read more
  • Logo of Cority Platform
    Cority Platform
    Streamlines environment, health, safety, and sustainability management.
    Read more
  • Logo of ComplianceQuest
    ComplianceQuest
    Cloud-based quality, safety, and compliance management for manufacturers.
    Read more
  • Logo of Resolver
    Resolver
    Connects risk data for smarter decisions, stronger resilience.
    Read more
  • Logo of ERMVare
    ERMVare
    Streamlines enterprise risk management for better decision-making.
    Read more

Ideagen Risk Management FAQ

  • What is Ideagen Risk Management and what does Ideagen Risk Management do?

    Ideagen Risk Management is a centralized risk management software solution designed for mid-sized companies. It enables businesses to record, assess, and report on various risks, automating workflows and offering customizable scoring. This helps improve risk visibility and ensure compliance with industry regulations like ISO and ESG standards.

  • How does Ideagen Risk Management integrate with other tools?

    Ideagen Risk Management offers integrations through its "Classic" version, though some users find this reliance on Java presents challenges in certain environments. The web version has limited integration capabilities, particularly regarding bespoke graphics. More information on specific integrations is not readily available.

  • What the main competitors of Ideagen Risk Management?

    Top alternatives to Ideagen Risk Management include AuditBoard, A1 Tracker, Resolver, and Cority. These competitors offer similar risk management features, often with different specializations such as compliance, data security, or broader enterprise risk management.

  • Is Ideagen Risk Management legit?

    Yes, Ideagen Risk Management is a legitimate risk management software solution. It offers a centralized platform for managing risks, automating workflows, and ensuring compliance, with positive reviews for its user-friendly interface and centralized system. However, some users find reporting complex and initial setup time-consuming.

  • How much does Ideagen Risk Management cost?

    I cannot find pricing information for Ideagen Risk Management. Contact Ideagen directly to obtain product pricing details and determine if the product is worth the investment for your risk management needs.

  • Is Ideagen Risk Management customer service good?

    Customers praise Ideagen Risk Management's responsive service and helpful customer support team. While some users find the help guides could be more user-friendly, the overall sentiment towards customer service is positive.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.