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Ideagen Risk Management

Score7.3 out of 10

2 Reviews and Ratings

What is Ideagen Risk Management?

Ideagen's Enterprise Risk Management (ERM) software solution (formerly known as Pentana Risk) fully integrates risk management processes, from identifying and assessing risk business-wide, to assigning and monitoring mitigation plans, all the way through to reporting and defining a long-term strategy for enhanced performance.

Media

Screenshot of a dashboard showing the risk profile and scores for each individual risk, with a range of visual tools
Ideagen Risk Management
Screenshot of a step-by-step form filling exercise that guides the user through each field

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Screenshot of a dashboard showing the risk profile and scores for each individual risk, with a range of visual tools

Top Performing Features

  • Risk management

    Risk management capabilities including alert engine to warn of trending risk exposure and risk visualizations like heat maps, dashboards, etc.

    Category average: 7.4

  • Common repository of GRC items

    A common repository linking all GRC elements such as policies, risks, regulations, etc.) to give a 360 degree view

    Category average: 7.8

Areas for Improvement

Pentana Risk - generally great

Pros

  • Pentana is excellent for monitoring, recording and reporting on PIs. Very easy to use the PI module.
  • Pentana is excellent for monitoring risks at various levels (service, strategic etc.). Risks are displayed very clearly in a tree structure and the module is relatively easy to use.

Cons

  • Pentana could improve the free Documents module that comes with Pentana Risk. At the moment documents have to be linked to an action in order to display query results (such as how many documents are due for review) - this can be confusing for users who don't understand why there is an action linked. There is also no easy way for users to see the documents that are assigned to them.
  • We would like to use the Actions module fully in order to monitor our corporate projects, but it a bit confusing for users and not very flexible when a project doesn't mirror Pentana's way of monitoring actions.

Return on Investment

  • Pentana Risk has allowed my team to focus on other areas of work whereas before we would be manually chasing for updates on PIs and risk. Pentana Risk does the chasing for us!
  • We are able to produce reports for audit purposes very easily, rather than sending spreadsheets which is what we used to do.
  • New managers can easily inherit risks, projects and PIs and see all of this on a custom portal, saving them time when they start.

Alternatives Considered

InPhase

Usability

Other Software Used

Ideagen Q-Pulse WorkRite