Products
Immediate ROI with Onspring’s Risk Management Software
12
risk management applications consolidated or replaced
210
risk related requests addressed
20
business risk management processes enabled and automated
Comprehensive Risk Management Software
See how Risk Management software from Onspring can help you.
Dive into the details of Onspring’s risk management solution so you can be better prepared for the unexpected.
Onspring Risk Management Software: Third-Party & Enterprise
From third-party to enterprise risk management, consolidate all your risk data with Onspring. It automatically assesses findings and alerts stakeholders when risk profiles shift, ensuring informed decisions. No more chasing updates across spreadsheets, email threads or disconnected systems.
Unified Risk Register & Aggregation
- Unify all risk types into a single source of truth for clearer visibility and less duplication.
- Hierarchical risk organization.
- Define and track financial costs, probabilities, and potential business impacts for each identified risk.
- Integrate data from other systems and spreadsheets into one connected risk register, so risk information from across the business lives in a single source of truth.
Dynamic Risk Assessment and Analysis
- Automate risk assessment workflows.
- Prioritize risks by criticality.
- Identify root risk causes and interdependencies.
- Analyze relationships between risks to uncover underlying vulnerabilities and systemic issues.
- Quantify cyber risk using inherent and residual scoring.
- Visualize potential losses, probability ranges and risk reduction over time.
Proactive Risk Mitigation & Remediation
- Automatically assign and track remediation actions after every risk assessment, from task creation through closure.
- Manage exceptions and risk acceptance.
- Automatically trigger notifications and owner follow-up (email, Slack, etc.) when risk profiles change or actions are overdue.
- Develop and track mitigation measures, including implementation of controls and barriers to address identified risks.
Framework and Regulatory Risk Mapping Alignment
- Map risks to multiple frameworks, like NIST CSF, ISO 27001, CMMC, SOC 2, HIPAA and more.
- Maintain up-to-date content libraries.
- Show clear traceability from risks to controls and regulatory mandates for continuous compliance validation.
- Monitor compliance issues and align risk assessments with business objectives to support regulatory compliance management.
Continuous Monitoring and Performance Risk Metrics
- Continuously track live changes in risk status, control effectiveness and threat landscapes.
- Track key performance indicators (KPIs) and key risk indicators (KRIs) to assess the maturity and efficacy of your risk management program.
- Analyze trends and predict future risks.
Real-time Risk Reporting & Dashboards
- Create customizable dashboards, heat maps and reports that provide real-time tracking and visibility into your organization's risk posture throughout the risk lifecycle.
- Support audit and stakeholder reviews.
- Give the board and executive leadership clear, KRI-driven dashboards on risk appetite and posture to guide decisions on risk acceptance, mitigation investment and resource allocation.
Onspring AI for Risk Management
Onspring AI clears the busywork out of risk management, freeing your team to focus on the judgment calls only humans can make
- Know which risks need your attention today. Onspring AI rolls up every assessment, acceptance and mitigation into a board-ready health summary and a top three action list, so leadership sees what matters without digging through the register.
- Score residual risk on evidence, not gut feelings. Onspring AI recommends your residual impact and likelihood based on the mitigations you’ve put in place, so scoring stays consistent across every risk owner.
- Stop weak risk acceptances from reaching your desk. Onspring AI screens acceptance requests for justification before they land in your queue, so you only review the ones worth your time.
Know Which Risks Actually Matter
Every organization tracks risk. Fewer can tell you which risks deserve attention right now. When data is scattered across teams and spreadsheets, decisions stall and leaders are left working with an incomplete picture. This e-book shows how to bring structure to your risk posture — standardizing how you measure, score and communicate risk so your team can prioritize faster, align across the organization and make decisions with confidence.
Success Story
“We’ve been able to reduce costs by eliminating applications and reducing redundancies and overlap. We’ve gained new efficiencies from a process standpoint by refining and clarifying workflows ”
American Family Insurance
FAQs
Below you’ll find answers to common questions about risk management features, implementation, integrations, and more. If you don’t see the information you need, feel free to contact us. We’re here to support your risk mitigation success.
What is risk management software and how does it work?
Risk Management software automates, centralizes and enhances ERM processes. Instead of relying on manual methods like spreadsheets or fragmented departmental systems, ERM solutions leverage technology and AI to provide a more efficient, accurate and integrated approach to risk management; see enterprise risk management software for financial institutions for tailored guidance.
What are the key steps in the risk management process?
Risk management processes vary widely and is dependent upon industry regulations, organizational structure, risk appetite and operational complexity.
Key steps include:
- Identify
- Assess Impact and Likelihood
- Mitigate
- Ongoing Monitoring of the RM Plan
What makes Onspring different from other risk management tools?
Onspring risk management software is made to scale up and out, evolving with you as your risk management program matures. Real-time visibility into your company’s risk posture. Schedule risk assessments and automate input from risk owners. Centralized risk register including third-party risk tracking. Complete control to update and customize on your own, no IT resources required.
Is risk register content for my industry included?
No. Onspring does not include risk register content. If you do not have risk register content for your industry, we can connect you with one of our partners who can provide it and we can help you upload the data into Onspring.
Can we change the risk methodology from a 5×5 to a 3×3 or something else?
Yes. You can change your risk methodology from a 5×5 to a 3×3 or any other configuration that best fits your organization. Onspring is fully configurable, so you can start using the 5×5 scale included in our governance, risk and compliance enterprise solution suite and adjust, or configure a 3×3 scale from scratch.
Can I change the labels on the X and Y axis of the risk heat maps?
Yes. You can change the labels on the X and Y axis of heat maps in Onspring’s GRC suite. All configurations for reporting are customizable, so you can see exactly the data you need to make better, faster decisions and reduce risk across your organization.
Can we implement Onspring’s GRC Suite ourselves?
Yes. You can implement the Onspring GRC software suite on your own once a designated administrator from your organization completes training. However, most customers choose to have Onspring implement for them, as that service is included when you purchase the GRC Suite with some licensing models.
Does Onspring’s GRC platform integrate with other business systems?
Yes. Onspring GRC software supports integration with systems like Docusign, Microsoft 365, Google Drive, Slack and many more. Expand Onspring’s capabilities further by integrating it with other systems through the Onspring API.
What kind of software training does Onspring offer?
Onspring offers multiple types of training, which can be combined for an ongoing learning experience:
- Onspring Essentials: This immersive class for administrators teaches the fundamentals of configuration and best practices for end-user adoption.
- Bootcamps: These focused training classes for administrators dive deep into specific Onspring features to help you achieve your goals for data management, process automation, and reporting.
- Web Training: On-demand videos are available 24/7 so you can learn to use Onspring on your schedule. Topics include configuring apps, importing data, creating surveys, using formulas, automating processes, and more.
- Free Friday Training: The name says it all. It’s free and held on Fridays twice per month. These 30-minute remote learning sessions often highlight new features so you always know what’s available for use.
How does Onspring help report risk appetite and KRIs to the board?
Onspring connects key risk indicators (KRIs) directly to your organization’s defined risk appetite, so risk owners and executives see the same live data rather than static, out-of-date reporting packages. Dashboards and heat maps track KRI performance against appetite thresholds in real time, and configurable reports pull that data automatically into board and audit-committee materials, no manual slide-building or spreadsheet reconciliation required. Because the underlying risk register updates continuously, leadership can review risk posture, mitigation progress and resource allocation decisions using the same figures your risk team is working from, rather than a summary built days or weeks earlier.
What is the difference between inherent and residual risk scoring?
Inherent risk is the level of risk that exists before any controls or mitigations are applied, the raw exposure based on likelihood and impact. Residual risk is what remains after those controls are in place and functioning as intended. Onspring lets you score, track, and visualize both figures side by side for every risk in your register, so you can see not just how risky something is, but how much your existing controls are actually reducing that risk. This makes it possible to identify risks where controls are underperforming, prioritize mitigation investment where the gap between inherent and residual risk is largest, and demonstrate control effectiveness to auditors and the board with a clear, before-and-after view.
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Related Products
A robust set of connected programs that scale as your GRC ecosystem expands and adapts as your business addresses change.
GRC Suite
- Manage frameworks
- Automate workflows
- Real-time monitoring
Third-Party / Vendor Risk
- Onboard new vendors
- Manage assessments
- Track mitigations