Riskonnect

What is riskonnect

Riskonnect is a modular, cloud-native GRC platform that links risk data from across an organization into unified risk and compliance workflows. The platform is built around configurable application modules (risk, vendor, claims, safety, compliance, audit, and insurance), a common data model, and dashboards to provide a single source of truth for operational and strategic risk information. Riskonnect positions itself as an integrated alternative to point solutions by enabling cross-domain analytics and automated escalation across functions.

Riskonnect supports both single-tenant and multi-tenant SaaS deployments and is delivered with role-based access control, enterprise security features, and professional services for implementation and configuration. The platform emphasizes low-code configuration so business users can adapt forms, workflows and report templates without heavy engineering effort. That combination makes it suitable for organizations that need a governed but adaptable risk program rather than a highly rigid out-of-the-box product.

Typical buyers include enterprise risk managers, heads of compliance, enterprise safety directors, claims managers, and insurance program administrators. Deployments range from focused use (for example vendor risk management) to companywide programs that tie safety incidents to claims, financial exposure and regulatory remediation in one platform.

Riskonnect features

Riskonnect provides a broad set of features across risk management domains that are intended to work together rather than as separate point tools. Core capability areas include risk identification and assessment, incident and claims management, vendor and third-party risk, compliance tasking and audit management, and insurance policy and claims administration.

Key platform features include configurable incident and claim intake forms, risk scoring engines, automated workflows and approvals, configurable dashboards and heat maps, centralized document management, and schedule-based compliance tasking. The platform also supports enterprise reporting with pre-built metrics and the ability to create custom KPIs for senior leadership and boards.

The platform's low-code configuration layer and process designer let administrators change workflows, notifications and business rules without developer resources. Riskonnect also includes role-based access and segregation of duties, audit trails for regulatory requirements, and integrations to common enterprise systems for data enrichment and automation.

What does riskonnect do?

Riskonnect consolidates risk and compliance processes to reduce manual reconciliation and improve visibility across functions. It captures events and exposures from HR, operations, finance, procurement and third-party feeds, then routes actions and escalations to the right teams through configurable workflows.

The platform translates operational data into risk indicators and dashboards to help prioritize remediation and allocate control testing resources. It enables insurance and claims teams to see incident histories alongside exposure, improving reserve accuracy and claims handling consistency.

Riskonnect also helps with third-party governance by standardizing due diligence, assigning risk scores to vendors, tracking remediation items, and surfacing vendor-dependent exposures to procurement and business owners. That reduces gaps between contract, compliance and vendor performance tracking.

Riskonnect pricing

Riskonnect provides custom, quote-based pricing that varies by selected modules, number of users, data volume and implementation services. Pricing is typically structured as a subscription with separate fees for software, implementation, integrations and optional managed services.

Common pricing components include:

• Base subscription: recurring SaaS license fee that covers platform access and core features
• Per-module licensing: additional fees for optional modules such as Vendor Risk, Claims, Safety, Audit or Insurance Administration
• Implementation and professional services: one-time fees for configuration, data migration and integrations
• Support and training: included tiers or add-on premium support for SLAs and onboarding

Because pricing is tailored, organizations should contact Riskonnect for a formal quote. Check Riskonnect's current pricing for the latest rates and enterprise options.

How much is riskonnect per month

Riskonnect pricing is custom and does not publish a single per-month starting price. Monthly cost depends on scope—number of users, selected modules, data retention, and integration complexity all affect the subscription amount. For accurate monthly estimates, request a vendor quote and include projected user counts and modules required.

How much is riskonnect per year

Riskonnect pricing is typically licensed annually and quoted as a yearly subscription rather than a single public yearly price. Annual contracts commonly bundle the SaaS subscription with a professional services engagement for implementation, which means the first-year cost is often higher due to onboarding. Enterprise buyers should request a multi-year pricing overview for budgeting and total cost of ownership.

How much is riskonnect in general

Riskonnect pricing is range-based and depends on configuration, with total cost of ownership that scales with organization size and complexity. Costs can include recurring subscription fees, integration and implementation services, and optional managed or professional services. Budgeting should account for: Implementation costs: data migration and configuration, Ongoing subscription: per-module and per-user fees (where applicable), and Support costs: premium SLAs or dedicated account services.

What is riskonnect used for

Riskonnect is used to centralize disparate risk and compliance processes into a single platform for improved visibility and decision-making. Organizations use it for incident reporting, enterprise risk and control assessments, third-party risk management, claims administration, occupational health and safety, audit management, and insurance program administration.

Use cases include tying safety incident data to claim outcomes and insurance reserves, automating vendor assessments and remediation tracking, collecting and triaging compliance issues for regulatory reporting, and producing consolidated dashboards for board-level risk reporting. The platform reduces manual reconciliation by linking data across use cases and eliminating siloed spreadsheets.

Riskonnect is also used to automate routine tasks: auto-escalations for overdue remediation, scheduled control testing reminders, and API-driven data ingestion from HR, ERP and procurement systems. These automations reduce administrative burden so risk professionals can focus on analysis and mitigation.

Pros and cons of riskonnect

Pros:

• Integrated model: Riskonnect brings multiple risk domains into a single platform, which simplifies cross-functional reporting and correlation of events and exposures. This integrated approach reduces data reconciliation work and improves executive-level visibility.
• Configurability: The low-code configuration layer allows business users to adjust forms, workflows and reports without heavy developer involvement, accelerating time-to-value and supporting iterative program design.
• Enterprise features: Includes role-based access, audit trails, and professional services for onboarding—helpful for regulated industries with strict compliance and reporting needs.

Cons:

• Price and procurement: Licensing and implementation are typically quote-based and can be costly for smaller organizations; total cost of ownership should include professional services and integration work. For organizations with simple needs, the platform may be more capability than required.
• Implementation complexity: Because Riskonnect is flexible and powerful, full deployments often require significant configuration, integrations and change management, which lengthens project timelines if internal resources are limited.
• Dependency on vendor services: Organizations that want extensive custom integrations or unique process automation may rely on Riskonnect professional services or certified partners, adding to ongoing costs.

riskonnect free trial

Riskonnect generally handles evaluations through tailored demos and proof-of-concept (POC) engagements rather than a self-serve free trial. The company often offers sandbox environments or time-bound POCs for prospective customers to validate workflows and integrations with representative data.

POCs are scoped to reflect the modules and integrations a prospect intends to purchase, allowing teams to test specific use cases such as vendor onboarding, incident intake and claims handling. Because of the platform's configurability, these POCs commonly include configuration assistance from Riskonnect or a partner to ensure the sandbox mirrors production behaviors.

To arrange a POC or sandbox, contact Riskonnect sales to discuss goals and required data connections. View Riskonnect’s customer engagement options on their platform pages to understand typical evaluation approaches and timelines.

Is riskonnect free

No — Riskonnect is a commercial platform and does not offer a perpetual free tier for production use. Evaluations are managed via demos and POC engagements, and production use requires a paid subscription. Organizations can request trial or POC access during the sales process to validate functionality before purchasing.

Riskonnect API

Riskonnect provides API capabilities to integrate the platform with upstream and downstream systems (ERP, HRIS, procurement, analytics and SIEM). The API layer supports data ingestion for incidents, exposures, vendor profiles, and policy/claim records, and allows external systems to query Riskonnect for dashboards, reports and key metrics.

APIs typically include REST endpoints for CRUD operations, webhook support for event notifications (such as new incidents or escalations), and connectors for common data sources. The platform is designed to enable near-real-time synchronization for operational use cases and batch imports for historical data migration.

For developers and integration teams, Riskonnect publishes integration guidance and developer resources. For specific endpoints, authentication methods and rate limits, consult Riskonnect’s developer documentation and integration catalog. See the platform integration resources on Riskonnect’s site for implementation details and recommended patterns.

10 Riskonnect alternatives

Below are common alternatives for enterprise GRC, ERM, and vendor risk management. Each alternative addresses overlapping needs with different strengths in pricing, deployment, or specialization.

Paid alternatives to riskonnect

• MetricStream — Enterprise GRC suite with strong policy, audit and regulatory risk management modules. MetricStream is often used by very large organizations requiring broad regulatory coverage.
• LogicManager — Risk and compliance platform with flexible risk assessment and audit workflows, often chosen for its user experience and strong customer support for program setup.
• NAVEX Global — Focuses on compliance, policy and ethics management with a broad suite that includes incident reporting, hotline services and policy automation.
• SAI360 — Integrated risk and compliance platform with deep capabilities for operational risk and third-party risk management, commonly used in regulated industries.
• Diligent — Board governance and risk management tools that combine secure board collaboration with risk and compliance reporting for executive and board audiences.
• Galvanize (formerly ACL / HighBond) — Analytics-led GRC and audit management platform with strong data analytics and control testing capabilities.
• RiskWatch — Risk assessment and vendor risk software with emphasis on security and compliance scoring for third parties.

Open source alternatives to riskonnect

• Eramba — Open source GRC platform that covers policy, risk, compliance and vendor management with a community edition and paid enterprise options. Eramba is suitable for organizations that want source access and community-driven customization.
• SimpleRisk — An open-source risk management solution (community edition) that supports risk registers, assessments, and basic reporting; paid tiers add features and professional support.
• OpenGRC — Community-driven projects and lightweight frameworks that provide templates and tooling for risk registers and assessments; good for organizations that prefer building on open tooling rather than a commercial platform.

Frequently asked questions about Riskonnect

What is Riskonnect used for?

Riskonnect is used for enterprise governance, risk and compliance management across multiple domains. Organizations use it to centralize incident and claims management, vendor risk, safety reporting, audit programs and insurance administration. The platform helps convert operational data into consolidated metrics for risk owners and executive reporting.

Does Riskonnect integrate with ERP and HR systems?

Yes, Riskonnect supports integrations with ERP and HR systems. The platform provides APIs, connectors and data import mechanisms to synchronize employee, financial and procurement data for more accurate risk context and automated workflows.

How much does Riskonnect cost per user?

Riskonnect does not publish a per-user list price and uses custom pricing by quote. Costs vary by module selection, number of users, and required integrations; include implementation and professional services in your budgeting for an accurate per-user estimate.

Can Riskonnect manage third-party risk?

Yes, Riskonnect includes vendor and third-party risk management capabilities. The platform supports vendor onboarding questionnaires, risk scoring, remediation tracking and ongoing monitoring workflows to reduce third-party exposures.

Is there an API for Riskonnect?

Yes, Riskonnect provides APIs and webhook integrations. These APIs enable data exchange for incidents, vendor records, claims and dashboards, and support both real-time notifications and batch imports for migrations.

Does Riskonnect offer role-based access and audit logs?

Yes, Riskonnect includes role-based access control and audit trails. The platform records changes and supports segregation of duties, which helps with compliance and regulatory evidence collection.

Can Riskonnect handle insurance policy and claims administration?

Yes, Riskonnect supports insurance program and claims administration workflows. It centralizes policy data, automates claims intake and tracks reserves and recoveries to improve transparency between claims, safety and finance teams.

How long does a typical Riskonnect implementation take?

Implementation timelines vary but commonly range from weeks for focused pilots to several months for enterprise-wide deployments. Time depends on the number of modules, integrations, data migration needs and custom workflows; plan for configuration, testing and change management.

Does Riskonnect offer managed services or support tiers?

Yes, Riskonnect offers support and professional services tiers. Organizations can purchase implementation services, ongoing managed services or premium support contracts for accelerated SLAs and dedicated assistance.

Can Riskonnect replace spreadsheets and point solutions?

Yes, Riskonnect is designed to replace fragmented spreadsheets and siloed point solutions by consolidating data and workflows. Its integrated model reduces reconciliation work and enables end-to-end visibility across risk, safety, vendor and claims processes.

riskonnect careers

Riskonnect hires across product, engineering, customer success, implementation consulting, and sales roles to support platform development and customer deployments. Common openings include solution architects, integration specialists, implementation consultants and technical support engineers. Candidates with GRC domain experience, SaaS product delivery background, or expertise in integrations and data migration are frequently sought.

riskonnect affiliate

Riskonnect maintains a partner and reseller ecosystem that includes systems integrators, consultancy firms and managed service providers. These partners provide implementation, integration and managed service options for customers that need help with configuration, data migration or ongoing operations. Organizations evaluating Riskonnect should ask about certified partners in their region for local assistance and industry-specific expertise.

Where to find riskonnect reviews

You can find independent customer reviews and ratings on industry review sites and analyst reports. Look for customer testimonials and case studies on Riskonnect’s site for use-case-specific examples, and consult third-party platforms such as G2, Gartner Peer Insights, and TrustRadius for user feedback on implementation experience, feature coverage and support. For analyst perspective on feature parity and market position, consult GRC market reports and vendor comparisons.