Riskonnect vs Enablon

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Our analysts compared Riskonnect vs Enablon 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.

Enablon Software Tool

Product Basics

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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The Enablon platform helps organizations manage critical operational risk and compliance, security, engineering operations, environmental health safety, quality and sustainability. Users can track global and local regulatory requirements, internal policies and procedures, and manage any audits or claims with reporting and analytics. It standardizes enterprise risk detection and response methodologies with a consistent and automated assessment of KRIs and KPIs. Its interactive dashboard eliminates information silos and allows users to keep track of risks, audits and regulatory compliance under one roof.

Provides secure centralization of all document workflow processes with internal controls to track changes, increase data visualizations and limit user access across various levels. Its multi-device interface allows users to manage threats and audits globally. Automated notifications keep organizations informed of upcoming regulatory, compliance and licensing issues. Compliant with the ISO 31000 Risk Management guidelines.
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$283,000 Annually
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Tailored to your specific needs
$50,000 Annually, Quote-based
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Tailored to your specific needs
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Product Assistance

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Knowledge Base
24/7 Live Support
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Product Insights

  • 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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  • Increased Efficiency: Enhance operational excellence by monitoring machine data from connected assets in real time. 
  • Predict Risks: Use machine learning and AI to identify potential threats and risk incidents. Access geo-localized real-time alerts and corrective action plans for recorded risks. 
  • Maintain Operational Integrity: Automatically identify and track applicable regulatory requirements across all locations, departments and business units. 
  • Improved Collaboration: Streamline collaborative efforts across multiple departments by centrally storing all risk information, reviews and controls. 
  • Mobile Access: Provide self-service channels to the workforce for faster and simpler reporting of incidents, near misses, inspections, hazard observations and audits. 
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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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  • Risk Management: Proactively identify, assess and eliminate risks across all business processes. Streamline operations and anticipate potential disruptions to stay ahead of the curve. 
    • Consistent Protection: Establish standard risk assessment and evaluation procedures. Implement standard risk form templates for risk registers across all systems. 
    • Risk Assessment: Perform top-down and bottom-up risk identification procedures. Implement bow-tie analysis to get contextual risk information and risk definitions. 
    • Key Risk Indicators (KRI): Establish KRIs and tie them with associated risks in the risk register. Monitor key performance indicators and set up risk thresholds. 
    • Compliance: Comply with risk management frameworks and regulations, including ISO 31000 and COSO. 
    • Risk Tracking: Automatically track the status of operational risks. Risk owners can take periodic screenshots of active threats to trace their progression. 
    • Workflows: Perform risk assessments with custom workflows. Risk owners can define role-based validation requirements. 
  • Incident Management: Track every step of the incident lifecycle with integrated reporting, investigation and remediation modules. Integrate with the TapRooT system to get AI-enabled insights on incident investigations, root causes and potential impact on business processes. Report incidents on the go with the mobile-ready Enablon Go Safety application. Confirm compliance with environment, health and safety regulations such as ISO 45001, OSHA, EPA, RIDDOR, WCB and more. 
  • Control and Assurance: Leverage standardized policies, procedures, workflows and robust internal controls to guarantee the efficacy, sustainability and quality of administrative operations. Allow control owners and auditors to test internal controls before deployment via simulations. Use the dashboard to centralize information, set up notifications and track control status. 
  • Insurance and Claims Management: Centrally manage policies, claims and control costs to maximize cost-saving opportunities. Connect insurance coverages and costs to insured assets and risks. Run reports on key performance indicators (KPIs) and TCOIR (Total Cost of Insurable Risk) to anticipate insurance budget and effectiveness. Eliminate data duplication and redundancies. 
  • Business Continuity: Create a recovery plan optimized for business continuity. Maintain a detailed inventory of critical assets and essential processes. Test crisis scenarios via simulations and adapt them to local circumstances. Automate workflows, task assignments and documentation during a crisis. Simplify communication with a single channel for crisis scenarios. 
  • Governance and Compliance Management: Integrate the organization’s objectives with compliance requirements. Minimize business disruptions, predict risk events and guarantee corporate reputation with best practice governance frameworks. 
    • Audit Management: Establish a company-wide audit language with pre-configured, out-of-the-box templates. Access complete audit history to streamline control recommendation and implementation. Auto-populated templates function even when offline. 
    • Compliance Management: Centralize all information regarding permits, company policies, certificates and regulations for a streamlined compliance management experience. Get a holistic view of compliance posture with reporting dashboards, standardized templates, notifications, heat maps and progress reports. 
    • Inspection: Simplify the inspection process with automated workflows, standardized documentation and risk identification processes, Leverage purpose-built desktop and mobile applications to increase inspector productivity. 
    • Document Management: Centrally store the organization’s risk-related documentation. Manage the document life cycle with automated processes, including creation, edit, review, approval and archiving. Track document history and ensure compliance with ISO standards. 
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Product Ranking

#42

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Risk Management Software

#51

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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Enablon
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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 12 reviews
Great User Sentiment 22 reviews
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.

81%
of users recommend this product

Enablon has a 'great' User Satisfaction Rating of 81% when considering 22 user reviews from 4 recognized software review sites.

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4.2 (6)
4.0 (2)
4.0 (10)
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5.0 (1)
4.1 (10)
3.8 (5)

Awards

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

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Synopsis of User Ratings and Reviews

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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Tailored Solutions: Enablon can be customized to align with your company's specific risk management requirements.
Ease of Use: Many users praise Enablon's intuitive interface, making it straightforward to navigate and utilize.
Seamless Integration: Enablon is designed to integrate with your existing systems, including legacy software, for a unified approach.
Enhanced Efficiency: By transitioning from manual, paper-based processes, Enablon can save your business time and resources.
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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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Reporting Features: While Enablon is generally well-regarded, some users have indicated that its reporting features could be improved for better usability and functionality.
System Integration: Integrating Enablon with existing systems can pose challenges for some companies, especially those utilizing numerous applications and software platforms.
Internet Dependency: As a cloud-based solution, Enablon's functionality is contingent on a stable internet connection and the reliability of its servers and technologies, which could be a drawback for companies with unreliable internet access.
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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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How do users describe Enablon, and is it truly enabling businesses to effectively manage risk? User reviews from the last year reveal a mixed bag. Enablon shines in its comprehensive features, particularly for large enterprises grappling with compliance, incident management, and risk assessment. Users rave about its ability to streamline workflows, seamlessly transitioning from archaic paper-based systems to efficient electronic ones, and effortlessly integrating legacy applications. The intuitive and user-friendly interface garners praise, enhancing the overall user experience. For instance, one user lauded Enablon's intuitive design, highlighting its ease of use for setting reminders about expiring permits. This feature proves particularly valuable in heavily regulated industries where permit renewals are critical for maintaining operations. However, Enablon's reporting features have room for improvement, with users expressing a desire for more advanced functionalities. Despite this drawback, the platform's robustness, flexibility, and ability to handle complex risk management tasks effectively are highly commended. A case in point is Boeing's Transport Compliance team, which experienced a smoother workflow after integrating their legacy applications into Enablon. This seamless transition underscores Enablon's capacity to adapt to existing systems, a crucial factor for large organizations with established IT infrastructures. In conclusion, Enablon emerges as a solid choice for organizations, particularly large enterprises, seeking to bolster their risk management and compliance processes. Its strengths lie in its comprehensive features, user-friendly interface, and ability to streamline complex workflows. However, potential users should be mindful of its limitations in reporting capabilities. Overall, Enablon proves to be a valuable tool for organizations ready to level up their risk management game, even with areas for improvement.

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