Good risk management software allows you to identify, monitor and remedy technological risks,
financial problems, and operational difficulties that may threaten the achievement of objectives in the organization.
It also provides a centralized information system that helps identify risks,
assesses the likelihood of occurrence and impact thereof, mitigates the risks, and trace each solution.
It’s also a good tool to build a repository of risks associated with business objectives, metrics and events. Thus, it’s much easier
for you to identify risks in your business, manage remediation processes, implement your own risk model,
as well as automate, measure and report every step of the process.