Effective risk management is more crucial than ever in 2025's rapidly evolving business landscape. With the advent of new regulations and heightened geopolitical tensions, organisations of all types and sizes are finding it challenging to stay ahead of potential threats and ensure resilience and compliance.
Investing in the right risk management software can empower your business to proactively identify, assess, and mitigate risks, safeguarding your operations and reputation. But where do you even start with choosing a system that’s right for you?
Not to pat our own backs, but this blog is a great place to start.
As we navigate through 2025, several significant regulatory changes are shaping the way businesses approach risk management. The European Union's Digital Operational Resilience Act (DORA) was introduced in January. This regulation and broader Operational Resilience regulations and guidelines emphasise the need for comprehensive risk management solutions that can adapt to evolving threats and maintain compliance.
Another great example of this is in the United Kingdom, where Chancellor Rachel Reeves has initiated a comprehensive audit of approximately 130 regulators to assess their contributions to economic growth and determine the necessity of their continuance.
These are just a few examples of tendencies we’re seeing across governments and industries to secure leading businesses for future challenges.
Selecting the appropriate risk management software is pivotal for navigating the complexities of 2025.
Here are essential features to consider:
To assist you in selecting the best solution, we've curated a list of leading risk management software, starting with RiskSmart.
Already familiar with RiskSmart? Get a customised demo.
RiskSmart
RiskSmart is a comprehensive platform offering real-time risk assessment, compliance tracking, and customisable reporting features. Its experience in supporting companies across a wide variety of industries, locations and sizes makes it the perfect tool for a forward-thinking GRC team that wants to move on from tick-box style risk management.
This software is built to help you protect your organisation from threats and the unforeseen but also to help you seize hidden opportunities.
Here are some of the things that set it apart from the competition:
All our modules (with the exception of Internal Audit, which is a unique birds-eye view of the RiskSmart system) are built to be used on their own or combined for a powerful solution.
Want to know more about how RiskSmart worked with the PensionBee team? Read their customer story.
Archer
Offers a scalable platform with comprehensive risk management and compliance solutions. It’s recognised as an efficient tool that takes a proactive approach to managing risk. It helps users identify risk faster, mitigate risk across various business functions and get a variety of business functions involved with risk management.
Archer is known for flexibility and adaptability. It mainly emphasizes asset protection and comprehensive security for critical infrastructure.
AuditBoard
AuditBoard is a cloud-based platform that helps businesses manage their audit, risk, and compliance processes. It offers features such as risk assessments, control management, and reporting.
The tool enhances collaboration amongst the lines of defence by providing centralised communication, document storage and task management.
LogicGate
LogicGate is a cloud-based platform that helps businesses manage their operational risk. It offers features such as risk assessments, incident management, and control management.
LogicGate also automates central compliance processes and makes the management of compliance efforts more manageable. With an intuitive drag and drop interface, it gives users the freedom to adapt the platform to suit their needs.
OneTrust
OneTrust GRC is a cloud-based platform that helps businesses manage their privacy, security, and third-party risk. It offers risk assessments, data mapping, and vendor management features.
OneTrust focuses on transparent data collection with purposeful content, ensuring compliance and alignment with your first-party strategy, safeguarding that data from risks, and enforcing policies and controls.
MetricStream
Provides integrated risk management solutions with advanced analytics and regulatory compliance tools. This tool streamlines risk management (including operational risk, enterprise risk, third-party risk management), compliance management, policy management, audit management and more.
ServiceNow
It offers a comprehensive suite of GRC solutions and allows integration with existing services, making it a compelling choice for businesses who want to combine their IT and GRC processes in one platform.
ServiceNow also has specialised tools for customer service management and human resources, focusing on talent development and workplace and operational challenges.
Riskonnect
As a tool, Riskonnect offers a wide range of solutions that support various industries and roles. Their solutions include a wide range or GRC, ERM and ESG tools, along with risk analytics and insight tools.
Riskonnect also has unique solutions for the healthcare sectors as well as health and safety.
Protecht
Protech is a modern solution that offers the ability to link and structure data to gain a holistic view of your business risk and profile. In addition to offering an in-depth range of solutions, Protech focuses on replacing out-of-date siloed documents with a system that’s custom-made for enterprise risk management.
Investing in the right risk management software is not merely a compliance necessity but a strategic move to enhance your organisation's resilience and competitive edge. By proactively addressing potential threats and staying ahead of regulatory changes, your business can navigate the complexities of 2025 with confidence and agility.