Corporate governance platforms are integrated software solutions designed to help centralize and streamline governance activities, including risk management. These platforms provide advanced tools for identifying and assessing risks across the organization, allowing leaders to understand the risk landscape, ensure compliance, and make continuous improvements.
But which tools are best for transforming risks into opportunities? Here’s a breakdown of 8 of the best corporate governance platforms.
1. Diligent
If you’re looking to consolidate your organization’s risk profile within a single source of truth, choose Diligent’s corporate governance software. Diligent’s advanced analytics help identify risk patterns and predict threats, shifting the approach from reactive to proactive. It also enables users to pull risk data from across the business into customized storyboards and reports.
For ongoing risk monitoring, Diligent offers automated monitoring that reveals unaddressed discrepancies and anomalies in data, saving you time compared to manual monitoring and helping you uncover new vulnerabilities quicker. Plus, predictive analytics allow you to take action against emerging threats before they become a problem!
2. Mitratech
Mitratech’s corporate governance platform provides a comprehensive view of your risk landscape. With its robust risk management tools, Mitratech helps you streamline compliance processes and ensures you meet regulatory requirements efficiently. The platform’s workflow automation capabilities reduce the burden of manual tasks, allowing your team to focus on strategic risk mitigation.
Mitratech’s intuitive dashboards and reporting tools provide real-time insights, making it easier to identify, assess, and manage risks across your organization. Its integration capabilities ensure that risk data from various sources is consolidated, giving you a holistic view of potential threats and opportunities.
3. MetricStream
MetricStream offers a unified platform for integrated risk management, making it an excellent choice for organizations aiming to enhance their governance frameworks. The platform provides advanced analytics and AI-driven insights to help you proactively identify and mitigate risks.
MetricStream’s risk management module allows you to map risks to business objectives, ensuring alignment with strategic goals. Its comprehensive reporting features enable you to create detailed risk assessments and track mitigation efforts over time while the intuitive user interface and automated workflows streamline risk management processes, improving efficiency and effectiveness across your organization.
4. Archer Insight
Archer Insight is designed to give organizations a strategic advantage in risk management by providing deep visibility into their risk environments. Its advanced analytics and scenario planning tools help you understand potential risk impacts and develop robust mitigation strategies.
Another helpful feature is its dynamic risk assessments that prioritize risks based on their potential effects on your business, ensuring that resources are allocated effectively. With its comprehensive reporting capabilities, Archer Insight helps you communicate risk information to stakeholders clearly and concisely.
5. AuditBoard
AuditBoard is a comprehensive risk management platform designed to elevate audit, risk, IT security, and ESG programs. The platform enables seamless collaboration with frontline teams and stakeholders, driving improved risk awareness and ownership across organizations such as the ability to view risks evaluated by other teams.
There’s a focus on risk and objective alignment too. The platform ensures you’re focused on the highest impact risks with a clear link between risks and key business outcomes including AI-powered recommendations. By anticipating risks before they arise, your team will have more power over turning these risks into actionable opportunities.
6. Camms
Camms works by identifying and reporting risks to different groups in your organization, with a strict permissions hierarchy ensuring staff only see tasks and data relevant to their role. Its dashboards and workflows provide clear visibility, producing insightful, accurate reports to make informed decisions.
Building a detailed risk treatment plan is also easy. Setting controls and managing risks on an ongoing basis can be done by comparing risk levels against your defined risk appetite and current risk ratings, to determine the treatment actions required. Camms also come with automated workflows to ensure risks are approved and escalated accordingly.
7. Riskonnect
Riskonnect provides a powerful, integrated risk management platform that helps organizations across all major industries transform risks into strategic opportunities. Its advanced analytics and AI-driven insights enable you to proactively identify and mitigate risks before they become critical issues.
From enterprise risk management to third party risk management, Riskonnect’s dynamic risk assessments allow you to prioritize risks based on their potential impact on your business, ensuring that resources are allocated effectively. You’ll eliminate your blind spots
with a 360-degree view that reduces risk and cost while maximizing opportunities.
8. Resolver
Resolver frees your team from the burdens of tedious manual tasks, empowering them with unmatched GRC efficiency, streamlining risk, compliance, and audit tasks with an easy-to-use interface. The platform’s Enterprise Risk Management software solution comes with a comprehensive list of dashboards, reports, and visualizations you need to effectively turn and present risks into opportunities.
Resolver’s integration capabilities ensure that risk data from various sources is consolidated, giving you a comprehensive view of your organization’s risk profile. It can also improve reporting efficiency by more than 95%, meaning you’ll spend far less time poring over data and can identify patterns and trends much more quickly.
These corporate governance platforms can help you gain better visibility of your company’s risk profile, turning business risks into ready-made opportunities. With a reliable and tech-first platform as part of your risk management strategy, you’ll be better informed and supported to make important decisions today and in the future.
