Risks are inherent to every business. Though it’s impossible to completely avoid risks in any business area, such as operations, security, etc., you can take preventive measures to reduce their occurrence. This is where risk management software can help.
Risk management is a process that proactively identifies risks and evaluates their probability. Consequently, it helps your organization prioritize resources and take measures to avoid or mitigate risk impact. In other words, risk management is a holistic approach to avoiding risks and their impacts. You can best manage risks through specialized risk management software.
In this article, I’ll run through the criteria for choosing risk management software, then show you some top picks.