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Essential ERM description
Essential ERM is a web-based risk management software designed to be straightforward and affordable for businesses of all sizes. It's easy to set up and use, requiring no special software installation or prior risk management experience. Essential ERM helps you identify and manage risks, distribute tasks across your team, and generate automatic reports. Its features include risk assessment tools, strategy and compliance management, and data export capabilities, all while aligning with industry standards like COSO and ISO.
Who is Essential ERM best for
Essential ERM is a user-friendly, affordable, web-based risk management solution ideal for businesses of all sizes, though best for medium-sized companies, particularly in finance. Users praise its ease of use, setup, and excellent customer support. Some users mention limited reporting and customization options as drawbacks.
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Best fit for medium-sized businesses.
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Strong fit for Finance, Banking & Insurance.
Essential ERM features
| Supported Essential ERM provides tools for identifying, assessing, and managing risks. |
| Supported Essential ERM allows for task distribution across the team. |
| Supported Essential ERM can generate reports automatically. |
| Supported Essential ERM includes features for strategy and compliance management. |
| Supported Essential ERM allows for data export. |
We evaluate the sentiment that users express about non-functional aspects of the software
Customer Service
Ease of Use
Ease of Implementation
Essential ERM reviews
We've summarised 59 Essential ERM reviews (Essential ERM Capterra reviews and Essential ERM G2 reviews) and summarised the main points below.
- Easy to set up and use.
- Intuitive workflow and navigation.
- Excellent customer service and support.
- Connects risk to strategy and objectives.
- Provides a single, real-time view of risks.
- Limited reporting options and report types.
- Limited customization options.
- Difficulty adding attachments.
- Occasional bugs and slow loading times.
- Limited data import capabilities.
Essential ERM pricing
The commentary is based on 2 reviews from Essential ERM Capterra reviews and Essential ERM G2 reviews.
Essential ERM offers valuable risk management features and excellent customer support. However, some users, particularly non-profits, find the pricing somewhat high. While the cost may be a barrier for some, many appreciate its ease of use and reporting capabilities.
Users sentiment
See the Essential ERM pricing page.
Starter
Perfect for single users or small teams. Includes Flexible User Roles, Track Risks, Integrated Risk Bow-Tie and Integrated Heat Maps.
Teams
Ready to get more people involved? This edition includes all Starter features plus Up to 25 Users, 250 Contributors, Locked Data Portfolios & Roll-ups and KPI & KRI Tracking.
Enterprise
A great fit for larger organizations with distributed programs. This edition includes All Teams Features, Scalable user pricing and SSO Included.
Essential ERM alternatives
WorkivaBetter for larger enterprises needing financial reporting, ESG, and GRC capabilities. Has more momentum currently. A Workiva alternative for smaller businesses.Read more
GOAT RiskBetter for retail, real estate, hospitality, media & entertainment, non-profit, energy, professional services, and agriculture. More transparent pricing and easier to use, based on user reviews. A strong Essential ERM competitor for small to medium businesses.Read more
AuditBoardBetter for larger enterprises. More focused on SOX compliance and audits. Has more momentum.Read more
osapiensBetter for ESG management and reporting. More focused on mid-size and large companies. Has significantly more momentum. Geared towards sustainability regulations.Read more
ProtechtBetter fit for medium and large businesses. Has more momentum based on employee growth and website traffic. More customizable but less intuitive.Read more
DataTracksMore focused on automated financial and regulatory reporting, particularly XBRL. Geared towards compliance reporting automation rather than broad risk management. DataTracks has more momentum based on employee growth. Better for medium and large enterprises needing financial compliance solutions. DataTracks is an Essential ERM competitor and alternative.Read more
Essential ERM FAQ
What is Essential ERM and what does Essential ERM do?
Essential ERM is a user-friendly, web-based risk management software suitable for businesses of all sizes. It simplifies risk identification, assessment, mitigation, and reporting, offering features like risk assessment tools and compliance management. It's praised for ease of use and excellent customer service.
How does Essential ERM integrate with other tools?
There is no information available regarding specific integrations for Essential ERM. However, it's designed to be easy to set up and use, suggesting potential compatibility with other tools through data export capabilities.
What the main competitors of Essential ERM?
Alternatives to Essential ERM include GOAT Risk, a user-friendly option for businesses of all sizes, and AuditBoard, a platform designed for larger enterprises. Workiva focuses on reporting and disclosure, while ETQ Reliance specializes in quality management systems.
Is Essential ERM legit?
Essential ERM is a legitimate risk management software solution. User reviews praise its ease of use and excellent customer service. It's considered an affordable option with transparent pricing suitable for managing various risks.
How much does Essential ERM cost?
Essential ERM's Starter plan is priced at $299 per month. Teams and Enterprise plans have custom pricing available upon request. Is Essential ERM worth the cost? Contact them for a quote and explore their flexible options.
Is Essential ERM customer service good?
Essential ERM's customer service is consistently praised in reviews. Users highlight the team's responsiveness, helpfulness, and clear communication. Support is readily available for setup, training, and ongoing questions.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.