Resilinc vs Riskonnect

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Our analysts compared Resilinc vs Riskonnect based on data from our 400+ point analysis of Risk Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Resilinc Software Tool

Product Basics

Resilinc offers a sophisticated software solution designed to manage Supplier and Supply Chain Risk Management. This platform is particularly well-suited for large enterprises and organizations with complex supply chains, as it provides comprehensive tools for monitoring and mitigating risks associated with suppliers and logistics. The software excels in offering real-time visibility into supply chain disruptions, enabling proactive risk management and strategic decision-making.

Key benefits include enhanced supply chain resilience, improved supplier collaboration, and reduced operational risks. Popular features encompass risk assessment, event monitoring, and supplier scorecards, which collectively help businesses maintain continuity and efficiency. Users often appreciate the platform's intuitive interface and robust analytics capabilities, which set it apart from similar products in the market.

Pricing details for Resilinc's software are not readily available and can vary based on specific business needs and scale. Interested users are encouraged to contact SelectHub for a tailored pricing quote.

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Riskonnect is a cloud-based solution to manage enterprise risk, improve efficiency and boost performance. Its reporting and analytics modules integrate insurable and non-insurable risks to correlate their associations and prevent future occurrences. Users can automate routine processes, break down information silos, drive cross-platform collaboration and coordinate risk mitigation. Provides intuitive data visualizations to propel data-driven decisions and transformation.

It compiles all data securely under one roof and provides detection, analysis and response modules against third-party risk, enterprise risk and health and safety risk. Users can monitor the administration of claims, handle legal and corporate compliance, and manage audits and healthcare from one interface.
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$1,400 Monthly
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Tailored to your specific needs
$283,000 Annually
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Enhanced Visibility: Gain comprehensive insights into your entire supply chain, allowing for proactive risk management and informed decision-making.
  • Risk Mitigation: Identify and address potential disruptions before they impact your operations, reducing downtime and maintaining business continuity.
  • Supplier Performance Tracking: Monitor and evaluate supplier performance to ensure compliance with quality and delivery standards, fostering stronger partnerships.
  • Cost Savings: Reduce costs associated with supply chain disruptions by implementing preventive measures and optimizing supplier selection.
  • Regulatory Compliance: Stay compliant with industry regulations and standards, avoiding legal penalties and maintaining a good corporate reputation.
  • Data-Driven Decisions: Utilize real-time data and analytics to make informed decisions, improving overall supply chain efficiency and effectiveness.
  • Improved Collaboration: Facilitate better communication and collaboration with suppliers and stakeholders, enhancing coordination and reducing misunderstandings.
  • Resilience Building: Develop a more resilient supply chain capable of withstanding and quickly recovering from disruptions, ensuring long-term sustainability.
  • Strategic Planning: Leverage predictive analytics to anticipate future risks and opportunities, enabling more strategic and forward-thinking planning.
  • Enhanced Customer Satisfaction: Maintain consistent product availability and quality, leading to higher customer satisfaction and loyalty.
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  • Enhanced Decision Making: Riskonnect provides real-time data and analytics, enabling businesses to make informed decisions quickly. This leads to better risk management strategies and operational efficiency.
  • Comprehensive Risk Visibility: The software offers a 360-degree view of risk across the organization, identifying hidden exposures and interdependencies. This holistic perspective helps in mitigating risks more effectively.
  • Streamlined Compliance: With Riskonnect, organizations can easily adhere to regulatory requirements and standards. The software automates compliance tasks, reducing the likelihood of errors and penalties.
  • Improved Risk Response Time: The platform's proactive alerts and notifications system ensures that potential risks are identified and addressed promptly, minimizing their impact on the business.
  • Cost Reduction: By identifying and mitigating risks early, Riskonnect helps in avoiding costly incidents. This proactive approach results in significant savings on potential losses and insurance premiums.
  • Enhanced Collaboration: Riskonnect fosters collaboration among teams by providing a centralized platform for sharing information and strategies related to risk management. This improves coordination and the execution of risk mitigation plans.
  • Customizable Reporting: The software offers flexible reporting tools that allow businesses to create tailored reports. These insights can be used to track progress, identify trends, and make strategic adjustments.
  • Increased Operational Resilience: By managing risks effectively, Riskonnect helps businesses to become more resilient. This resilience enables organizations to withstand shocks and adapt to changes in the business environment.
  • Strategic Risk Management: Riskonnect not only helps in operational risk management but also aligns risk management with strategic objectives. This alignment ensures that risks are managed in a way that supports long-term goals.
  • Scalability: The platform is designed to grow with your business, accommodating new risks and compliance requirements as your organization expands. This scalability ensures that Riskonnect remains a valuable tool over time.
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  • EventWatch AI: Monitors global events in real-time, providing alerts on potential disruptions such as natural disasters, geopolitical issues, and cyber-attacks.
  • Multi-Tier Mapping: Visualizes the entire supply chain network down to the sub-tier suppliers, offering a comprehensive view of potential vulnerabilities.
  • RiskShield: Assesses and quantifies risk exposure across the supply chain, enabling proactive risk mitigation strategies.
  • Supplier Risk Assessment: Evaluates suppliers based on various risk factors including financial stability, compliance, and operational performance.
  • Supply Chain Mapping: Provides detailed maps of supply chain nodes and links, helping to identify critical paths and potential bottlenecks.
  • Incident Management: Facilitates coordinated response plans for supply chain disruptions, ensuring swift recovery and continuity.
  • Predictive Analytics: Utilizes machine learning algorithms to forecast potential supply chain risks and disruptions before they occur.
  • Compliance Management: Tracks and ensures adherence to regulatory requirements and industry standards across the supply chain.
  • Supplier Collaboration: Enables seamless communication and collaboration with suppliers to address risks and improve overall supply chain resilience.
  • Customizable Dashboards: Offers user-friendly dashboards that can be tailored to display key metrics and insights relevant to specific business needs.
  • Data Integration: Integrates with existing ERP and supply chain management systems to provide a unified view of supply chain data.
  • Scenario Planning: Allows users to simulate various disruption scenarios and evaluate the impact on the supply chain, aiding in strategic decision-making.
  • Supplier Scorecards: Generates detailed scorecards for suppliers, highlighting their risk profile and performance metrics.
  • Supply Chain Resilience Index: Measures the overall resilience of the supply chain, providing a benchmark for continuous improvement.
  • Automated Risk Notifications: Sends automated alerts and notifications about emerging risks, ensuring timely awareness and action.
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  • Risk Management Information System: Consolidate system, risk and people data from multiple sources into a single source of truth. Streamline and automate regulatory, risk and incident management processes with custom workflows. Investigate the shifting risk landscape to discover unprecedented insights, hidden relationships and actionable information. 
  • Claims Administration: Integrate incident entry, claims data, people information and compliance status under the same platform. Automate intake processes, documentation management, data entry and validation. Manage indemnity-based benefit plans and return-to-work initiatives in accordance with Official Disability Guidelines. 
    • Electronic Report of Injury: Follow workers’ compensation guidelines in creating and filing the First Report of Injury (FROI) and Subsequent Report of Injury (SROI). Automatically populate entries with existing data. Submit electronic data interchange reports in accordance with standard IAIABC EDI requirements, including SIEDRS. 
    • Data Transformation Services: Clean, process, transform and validate data from multiple external sources used by carriers and TPAs. 
  • Internal Audit: Perform internal audits for operational, compliance, IT and financial processes. Automate task assignment, document management, data deduplication, status reports, data entry, productivity reports and more. Use the intuitive dashboard to create remediation measures and storyboard-driven reports. 
  • Third-Party Risk Assessment: Consolidate all third-party supplier information, including vendor agreements, policies, access credentials and contracts. A dedicated vendor portal tracks documentation, issues, questionnaires and responses. Create point-and-click reports and assign vendor risk scores and overall classification. 
    • Certificate Management: Access all certificates of insurance (COI) through a common portal. Automate compliance management, administration and review of COIs. Issue alerts for vendors with out-of-compliance certifications. 
  • Enterprise Risk Management: Get a 360-degree view of risk with integrated identification, remediation and monitoring. Use the dashboard to track risk assessments based on KPIs and KRIs. Correlate risks and run custom reports with drag-and-drop builders. Set up custom risk thresholds. 
    • Risk Register: Identify vulnerable business processes with a heat map of assessed risks. Categorize risks according to location, business unit or risk score. 
  • Healthcare: Securely manage safety and risk obligations, including enterprise risk, third-party suppliers, compliance, patient safety, provider quality and more. Eliminate information silos and share actionable, accurate and critical data across multiple departments. 
    • Patient Safety: Manage the entire range of patient experience from non-clinical rounding to long-term care. Track incidents throughout the patient lifecycle, capture incidents, send alerts, visualize satisfaction metrics and more. Connect clinical data to corporate and legal regulations. 
    • Provider Quality Management: Streamline the provider accreditation appraisal process for Ongoing Professional Practice Evaluation (OPPE) and Focused Professional Practice Evaluation (FPPE). 
    • Risk and Insurance: Automatically consolidate claims data and categorize entries based on department, specialty, event date, similarity and allegation. Track healthcare and payment history. 
  • Compliance: Manage corporate and legal policies, procedures and requirements. Implement control frameworks and automate assessments, remediation and testing. Link risks to associated assets, processes and patients. Comply with frameworks, regulations and industry guidelines including NIST CSF, HIPAA, COBIT, FDA, SOX, GLBA, ISO 27001 / 27002 / 31000, and more. 
    • Regulatory Change Management: Always keep an eye out for changes in federal and state regulations. Automatically notify key stakeholders and administrators about essential changes. 
    • Content Framework: Import content associated with tens of thousands of controls and regulations via the Unified Compliance Framework. 
    • Corporate Policy Management: Manage corporate policies, reviews, approvals and training with built-in workflows. Categorize based on policy metadata, key dates, domain, title, vendor and other important information. Identify policy violations through continuous surveillance. 
  • Health and Safety: Get a comprehensive view of safety processes, compliance requirements, hazard data and workplace incidents to spot trends and warning signs. Leverage easy-to-use screens, anonymous entry, web-based access and intuitive forms to streamline the incident reporting process. Automatically alert incident investigators and transfer data across channels with preloaded protocols. 
    • Claims Regulatory Compliance: Use existing safety data to track deadlines and reportable incidents in real time. Create timelines for critical reports. 
    • Audit: Continuously evaluate the status of existing incident reports and compare results against past audit scores. 
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Product Ranking

#40

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Risk Management Software

#42

among all
Risk Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Audit Management Business Continuity Management Compliance Incident Management Operational Risk Management And IT Security Platform Capabilities Policy Management Regulatory Management Reports And Dashboards Risk Management Vendor Risk Management 85 56 100 79 94 97 100 100 100 98 67 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 1 reviews
Great User Sentiment 12 reviews
80%
of users recommend this product

Resilinc has a 'great' User Satisfaction Rating of 80% when considering 1 user reviews from 1 recognized software review sites.

82%
of users recommend this product

Riskonnect has a 'great' User Satisfaction Rating of 82% when considering 12 user reviews from 2 recognized software review sites.

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Awards

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SelectHub research analysts have evaluated Riskonnect and concluded it earns best-in-class honors for Compliance, Policy Management and Regulatory Management.

Compliance Award
Policy Management Award
Regulatory Management Award

Synopsis of User Ratings and Reviews

Supply Chain Visualization: Resilinc provides a comprehensive map of an organization's supply chain, including sub-tier suppliers, down to the part and site level, allowing for a clear understanding of potential vulnerabilities.
Real-Time Disruption Monitoring: The platform constantly scans global news and social media in multiple languages to identify potential disruptions, such as factory fires or natural disasters, and sends alerts to users, enabling proactive risk mitigation.
Supplier Collaboration: Resilinc facilitates communication and collaboration between organizations and their suppliers through features like a centralized "war room" during disruptions, streamlining information sharing and response coordination.
Data-Driven Insights: Resilinc leverages AI and predictive analytics to provide insights into supplier risk, including financial health, ESG compliance, and business continuity preparedness, enabling organizations to make informed decisions about supplier selection and management.
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Centralized Risk Management: Riskonnect provides a centralized platform to manage various risk types, including operational, IT, third-party, and compliance risks. This allows organizations to gain a comprehensive view of their risk landscape and make informed decisions.
Customizable and Scalable: The platform's flexibility allows organizations to tailor it to their specific needs and risk management processes. As businesses evolve, Riskonnect can scale to accommodate growth and changing requirements.
Improved Reporting and Analytics: Riskonnect offers robust reporting and analytics capabilities, enabling organizations to generate insightful reports, identify trends, and track key risk indicators. This data-driven approach facilitates better risk management decision-making.
Enhanced Collaboration: The platform fosters collaboration among risk management teams, departments, and stakeholders. It streamlines communication, facilitates information sharing, and promotes a more coordinated approach to risk management.
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Reliance on Supplier Input: Resilinc heavily depends on suppliers proactively updating the platform with information. If suppliers don't consistently maintain accurate data, the platform's insights and risk assessments might become unreliable.
Potential for Information Overload: Resilinc monitors a vast amount of data and news feeds. While AI helps filter information, there's a risk of users being overwhelmed with alerts, potentially leading to alert fatigue and difficulty focusing on the most critical issues.
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Usability Challenges: The platform's interface can feel clunky and outdated, leading to a steep learning curve for new users. Common tasks, like generating reports or navigating between modules, can be more cumbersome than anticipated.
Performance Issues: Users occasionally experience slow loading times and system lags, especially when dealing with large data sets or complex workflows. This can hinder productivity and cause frustration, particularly for time-sensitive risk management tasks.
Customization Limitations: While Riskonnect offers some degree of customization, users may find it restrictive when tailoring the platform to their specific needs and workflows. This can lead to workarounds and inefficiencies as users try to adapt the system to their unique requirements.
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How resilient are claims about Resilinc's efficacy in supply chain risk management? User reviews from the past year paint a largely positive picture of Resilinc's capabilities. Users consistently highlight Resilinc's AI-driven monitoring and sub-tier mapping as major strengths, praising the platform's ability to provide actionable notifications and a comprehensive supplier resiliency rating system (R Score™). For instance, one user lauded the platform's ability to provide detailed part-origin data, enabling them to identify and mitigate potential disruptions early on. This granular visibility, a differentiating factor for many, allows businesses to make informed decisions about supplier selection and inventory management. However, some users expressed that while the platform excels in risk identification, its mitigation recommendations could be more robust and actionable. Despite this, Resilinc's collaborative features, which streamline communication between stakeholders during disruptions, were well-received. Resilinc seems tailor-made for businesses operating in industries with complex supply chains, such as high-tech manufacturing or pharmaceuticals. Its detailed risk assessments and predictive analytics empower these businesses to proactively address vulnerabilities and ensure operational continuity.

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Can Riskonnect help you reconnect with a sense of control over your organization's risk landscape? User reviews from the past year suggest that it can, particularly for those seeking a comprehensive and integrated approach to risk management. Users praise Riskonnect for its user-friendly interface and robust features, highlighting its ability to centralize risk data, streamline risk assessment processes, and facilitate informed decision-making. For example, the software's bow tie analysis feature allows users to visually map out the causes and consequences of potential risks, enabling proactive risk mitigation. This comprehensive approach sets Riskonnect apart from competitors that may focus on only specific aspects of risk management. However, some users have noted that the initial setup of Riskonnect can be complex and the software can be expensive. These drawbacks may make it less suitable for smaller organizations with limited budgets and technical expertise. Overall, Riskonnect appears to be best suited for larger organizations with complex risk profiles and the resources to implement and manage a sophisticated risk management solution. Its ability to integrate risk information across different departments and provide a holistic view of organizational risk makes it a valuable tool for enterprises seeking to enhance their risk management posture.

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