Riskonnect Active Risk Manager (ARM)
Operational risk management software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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- Banking and insurance
- Professional services (engineering, legal, consulting, etc.)
- Healthcare and life sciences
What is Riskonnect Active Risk Manager (ARM)
Riskonnect Active Risk Manager (ARM) is an operational risk management application used to identify, assess, and monitor operational risks and related controls across an organization. It supports workflows for risk and control self-assessments, incident/event capture, action tracking, and reporting for risk owners, compliance teams, and enterprise risk functions. The product is typically deployed as part of a broader governance, risk, and compliance (GRC) program and is designed to centralize risk data and standardize risk processes across business units.
Structured RCSA and controls
ARM supports risk and control self-assessments with configurable taxonomies, scoring, and control documentation. This helps organizations standardize how risks, controls, and residual risk are recorded across business units. It also supports linking risks to controls and remediation actions to maintain traceability over time.
Incident and loss event capture
The product includes workflows to log operational incidents, losses, and near-misses with consistent data fields and categorization. This enables trend analysis and supports root-cause documentation and follow-up actions. Centralized event capture can reduce reliance on spreadsheets and email-based reporting.
Workflow and reporting for oversight
ARM provides tasking and approvals for assessments, issues, and action plans, helping risk teams manage deadlines and accountability. Reporting and dashboards support management oversight and periodic risk reporting. This aligns with common operational risk governance needs where auditability and consistent reporting are required.
Implementation and configuration effort
Operational risk platforms typically require upfront design of risk taxonomies, control libraries, scoring models, and workflows before users see value. Organizations may need dedicated administrators and stakeholder alignment to configure the system effectively. This can extend time-to-deployment compared with lighter-weight process tools.
User adoption can be uneven
RCSA and incident reporting depend on participation from distributed business users who may have varying risk maturity. If forms and workflows are not tailored to each audience, users may perceive the system as burdensome and under-report events. Ongoing training and governance are often necessary to sustain data quality.
Integration needs for full context
To support end-to-end operational risk management, ARM often needs integrations with identity management, HR, finance, audit, and ticketing systems. Without integration, teams may duplicate data entry and struggle to reconcile issues, actions, and losses across systems. Integration scope and data mapping can add project complexity.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Enterprise / ARM (no public tiers listed) | Contact sales / Not published on site | Riskonnect’s Active Risk Manager (ARM) public product pages state that pricing is not published and “depends on the size and complexity of the project” and that Riskonnect offers “three industry-leading implementation options at different price points.” The site directs visitors to use the ROI calculator, schedule a demo, or contact Riskonnect for pricing and implementation details. |
Seller details
Riskonnect, Inc.
Atlanta, Georgia, USA
2007
Private
https://riskonnect.com/
https://x.com/Riskonnect
https://www.linkedin.com/company/riskonnect/
