SimpleRisk
Enterprise risk management (ERM) software
Regulatory change management software
Incident management software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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$5,000 USD per year
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What is SimpleRisk
SimpleRisk is a governance, risk, and compliance (GRC) platform centered on maintaining a risk register and supporting risk assessment, treatment planning, and reporting. It is used by risk, compliance, and security teams to document risks, track mitigation activities, and produce audit-ready evidence. The product is available in open-source and commercial editions, which can suit organizations that want self-hosting and code-level transparency. It also includes modules that can support related workflows such as incident tracking and compliance-oriented documentation.
Open-source and self-hosting option
SimpleRisk offers an open-source edition alongside commercial offerings, which can be attractive for teams that require self-hosting and greater control over deployment. This can reduce vendor lock-in compared with platforms that are only SaaS. It also supports organizations that need to review or adapt code for internal policies. The approach can fit smaller teams that want a lightweight starting point for ERM/GRC.
Risk register focused workflows
The product centers on core ERM/GRC functions such as capturing risks, assigning owners, defining controls/mitigations, and tracking status over time. This focus can make it straightforward to implement for teams that primarily need risk register governance rather than a broad enterprise management suite. Reporting and evidence collection are oriented around risk and control documentation. It can serve as a system of record for risk decisions and remediation actions.
Modular expansion for GRC needs
SimpleRisk is structured with add-on capabilities (depending on edition) that extend beyond basic risk tracking into adjacent GRC workflows. This modularity can help organizations start with risk management and add features as requirements mature. It can be useful for teams that want to avoid adopting a large platform upfront. The product’s structure supports incremental process adoption across risk and compliance activities.
Less breadth than enterprise suites
Compared with broader enterprise platforms in this space, SimpleRisk may provide fewer out-of-the-box capabilities for complex, multi-entity ERM programs and advanced cross-functional reporting. Organizations with extensive workflow automation, deep integrations, or highly customized governance models may need additional configuration or complementary tools. Large-scale deployments may require more internal administration effort. Some advanced features may be available only in commercial editions.
Regulatory change management depth varies
While SimpleRisk can support compliance documentation, it may not match dedicated regulatory change management tools that provide extensive regulatory content feeds, automated obligation mapping, and end-to-end change impact workflows. Teams that need continuous monitoring of regulatory updates across many jurisdictions may need external content sources. The effectiveness of regulatory change processes can depend on how the organization configures and maintains libraries. This can increase operational overhead for compliance teams.
Incident management not primary focus
Although incident tracking can be supported as part of GRC workflows, SimpleRisk is not primarily an incident management system. Organizations needing mature incident intake, triage, SLAs, and integrations with IT service management or security operations tooling may find gaps. Incident analytics and operational dashboards may be less comprehensive than tools built specifically for incident response. This can limit suitability for high-volume incident environments.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| SimpleRisk Core (Open Source) | Free | Basic GRC foundation included with every installation; unlimited users; basis for Extras. |
| Starter Package | $5,000 USD per year | Includes any three Standard Extras, support, and hosting (if desired). Advertised as the minimum paid package. |
| Standard Extra (per Extra) | $5,000 USD per year | Examples: Advanced Search, API, Artificial Intelligence, Custom Authentication, Customization, Email Notification, Encrypted Database, Import-Export, Jira Integration, Risk Assessment, Team-Based Separation, Unified Compliance Framework, Vulnerability Management. |
| Incident Management (Premium Extra) | $9,995 USD per year (Hosted listing) / $10,000 USD per year (On-Premise/pricing page listing) | Provides incident management capabilities; price is listed differently on different pages of the vendor site (see notes). |
| Organizational Hierarchy (Premium Extra) | $2,995 USD per year per BU (Hosted listing) / $10,000 USD per year (On-Premise/pricing page listing) | Adds organizational hierarchy functionality; hosted page lists per-business-unit pricing while on-premise pricing page lists it as a $10k Premium Extra (discrepancy between pages). |
Notes:
- All SimpleRisk purchases include unlimited users, support & updates, on-premise or hosted deployments, and subscription fees that include support and updates.
- Pricing is feature-based (you pick Extras); customers can create custom packages and receive automatic discounts for larger orders or multi-year commitments.
- Vendor advertises a free 30-day trial that includes all Extras and a permanently free open-source Core.
