Home > Risk Management Software > Veriforce > Veriforce vs Riskonnect

Veriforce vs Riskonnect

Last Updated: November 18th, 2024

Our analysts compared Veriforce 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.

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Product Basics

Veriforce offers a comprehensive software solution designed to streamline risk management tasks, making it particularly beneficial for industries with stringent safety and compliance requirements. The platform excels in managing contractor safety, compliance, and workforce training, ensuring that all regulatory standards are met efficiently. Companies in sectors such as oil and gas, utilities, and construction find Veriforce especially useful due to its robust features tailored to their specific needs.

Key benefits of using Veriforce include enhanced visibility into compliance status, reduced administrative burden, and improved safety outcomes. Popular features include real-time tracking of compliance metrics, automated alerts for non-compliance issues, and detailed reporting capabilities. Users appreciate the intuitive interface and the ability to customize the platform to fit their unique operational requirements.

In terms of pricing, Veriforce typically operates on a subscription model, with costs varying based on the number of users and the specific features required. This flexible pricing structure allows businesses of different sizes to find a suitable plan. Compared to similar products, Veriforce is often praised for its user-friendly design and comprehensive support, making it a preferred choice for many organizations focused on rigorous risk management.

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.

$1,500 Annually

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$283,000 Annually

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Product Insights

Enhanced Compliance: Veriforce ensures adherence to industry regulations by automating compliance tracking and reporting, reducing the risk of non-compliance penalties.
Improved Safety: By centralizing safety protocols and training records, Veriforce helps organizations maintain a safer work environment, minimizing workplace incidents.
Streamlined Contractor Management: The software simplifies the vetting and monitoring of contractors, ensuring that only qualified and compliant contractors are engaged.
Efficient Risk Mitigation: Veriforce provides tools to identify, assess, and mitigate risks proactively, helping to prevent potential issues before they escalate.
Data-Driven Decision Making: With comprehensive analytics and reporting features, Veriforce enables informed decision-making based on real-time data insights.
Cost Savings: By reducing the administrative burden and improving operational efficiency, Veriforce helps organizations save on compliance and risk management costs.
Centralized Documentation: The platform offers a single repository for all compliance and safety documents, making it easy to access and manage critical information.
Customizable Workflows: Veriforce allows organizations to tailor workflows to their specific needs, enhancing operational flexibility and efficiency.
Enhanced Accountability: The software tracks and logs all actions, ensuring transparency and accountability across the organization.
Scalability: Veriforce can scale with the growth of your organization, accommodating increasing numbers of contractors and compliance requirements without compromising performance.

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.

Compliance Management: Streamlines the process of tracking and managing regulatory compliance requirements across various jurisdictions.
Contractor Management: Facilitates the onboarding, qualification, and monitoring of contractors to ensure they meet safety and compliance standards.
Incident Management: Provides tools for reporting, tracking, and analyzing workplace incidents to improve safety protocols and reduce future risks.
Training and Certification Tracking: Keeps records of employee training and certifications, ensuring that all personnel are qualified for their roles.
Audit Management: Simplifies the scheduling, execution, and documentation of internal and external audits to ensure compliance and identify areas for improvement.
Document Management: Centralizes the storage and retrieval of critical documents, making it easier to maintain up-to-date records and ensure accessibility.
Risk Assessment Tools: Offers comprehensive tools for identifying, evaluating, and mitigating risks within the organization.
Performance Analytics: Provides detailed analytics and reporting capabilities to monitor key performance indicators and drive data-driven decision-making.
Mobile Accessibility: Ensures that users can access the platform and perform essential tasks from mobile devices, enhancing flexibility and responsiveness.
Customizable Dashboards: Allows users to create personalized dashboards to quickly access the most relevant information and metrics.
Integration Capabilities: Supports integration with other enterprise systems, such as ERP and HR software, to streamline data flow and improve operational efficiency.
Real-Time Notifications: Sends instant alerts and notifications to keep stakeholders informed of critical updates and changes.
User-Friendly Interface: Features an intuitive and easy-to-navigate interface, reducing the learning curve and enhancing user experience.
Regulatory Updates: Keeps users informed of the latest regulatory changes and updates, helping organizations stay compliant with evolving standards.
Custom Reporting: Enables the creation of tailored reports to meet specific business needs and regulatory requirements.

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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#42

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Analyst Rating Summary

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User Sentiment Summary

26%

of users recommend this product

Veriforce has a 'poor' User Satisfaction Rating of 26% when considering 3 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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Synopsis of User Ratings and Reviews

Easy to Use: Users consistently praise Veriforce for its intuitive interface, making it easy to navigate and manage even complex risk assessments.

Comprehensive Risk Management: Veriforce offers a wide range of features, allowing users to track and manage various risks, from safety hazards to compliance issues, in a single platform.

Strong Reporting Capabilities: Users appreciate the detailed reports generated by Veriforce, providing valuable insights into risk trends and helping them make informed decisions.

Excellent Customer Support: Veriforce is known for its responsive and helpful customer support team, providing timely assistance and resolving issues efficiently.

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.

Limited Customization: Some users have reported difficulty tailoring the platform to their specific risk management needs, finding it inflexible and lacking in customization options. For example, they may not be able to create custom reports or dashboards that align with their unique risk profiles.

Steep Learning Curve: The platform's interface can be complex and challenging to navigate, requiring significant time and effort to master. This can be particularly frustrating for users who are new to risk management software or who have limited technical expertise.

Lack of Mobile Optimization: The platform's mobile app is not as robust or user-friendly as its desktop version, making it difficult to manage risks on the go. This can be a significant drawback for organizations that require their risk managers to be able to access and update information from anywhere.

Integration Challenges: Integrating Veriforce with other systems can be a complex and time-consuming process, leading to potential data inconsistencies and workflow disruptions. This can be a major obstacle for organizations that rely on a variety of software applications to manage their operations.

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.

Is Veriforce a force to be reckoned with in the world of risk management software, or is it a force for frustration? User reviews from the past year paint a bleak picture of Veriforce. The software is criticized for its poor customer service, which is described as "horrible" and "the worst ever." Users report difficulty getting in touch with customer support, with calls going unanswered and messages ignored for weeks. This lack of responsiveness is a major concern for businesses that rely on Veriforce to manage their supply chain risks, as it can lead to delays and disruptions in operations. While Veriforce offers a comprehensive suite of features, including contractor management, operator qualification programs, and safety monitoring, these features are overshadowed by the platform's unreliable customer support. Users who have experienced these issues are quick to point out that Veriforce falls short compared to similar products like ISN, Avetta, and TPS, which are known for their responsive customer service. Veriforce's lack of customer support is a significant drawback, as it can lead to frustration and dissatisfaction among users. Ultimately, Veriforce is best suited for businesses that are willing to tolerate poor customer service and are comfortable with the risk of delays and disruptions in their operations.

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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