Enterprise risk management software
Risk managed at enterprise scale, not spreadsheet scale.
A structured, auditable approach to enterprise, operational, and project risk, aligned to ISO 31000 and COSO ERM, with board-level dashboards, risk appetite monitoring, and corrective action tracking built in.
Download: Brochure (PDF) Infographic (PDF)
What is Enterprise Risk Management?
Enterprise risk management software helps organisations identify, assess, treat, monitor and report on risks across business units, projects, strategic objectives and operational environments.
Organisations typically adopt XGRC® ERM when risk registers are maintained annually in spreadsheets, risk appetite thresholds are set but not enforced, and the board has no real-time view of residual risk. The XGRC® ERM solution connects enterprise risk to controls, assurance, compliance obligations, incidents and actions within the same secure data foundation used across XGRC® Software.
What breaks without Enterprise Risk Management.
Risk registers nobody maintains
Annual reviews produce impressive registers that are outdated before they are presented. Residual risk is never re-assessed.
Risk appetite defined, but not enforced
The board sets appetite thresholds. Operational decisions ignore them. There is no mechanism to detect or escalate breaches.
KRIs reported in isolation
Key risk indicators tracked separately from the risks they monitor. Early warning signals go unnoticed until they become incidents.
Risk and assurance disconnected
The audit plan bears no relationship to the risk register. High-risk areas go unaudited. Low-risk areas receive excess coverage.
How Enterprise Risk Management works.
XGRC® ERM provides a complete enterprise risk management platform, from risk identification and appetite-setting through treatment planning, KRI monitoring, and board-level reporting, with every element linked to governance, controls, and assurance.
See it in action →See Enterprise Risk Management running.
An interactive demonstration dashboard with fictitious data. Filter it, open any KPI to see how it is calculated, and export a board pack.
Everything in Enterprise Risk Management.
Core capabilities are configured to your requirements, with the flexibility to expand as your needs grow.
Risk Identification
Assessment & Appetite
Treatment & Action
Monitoring & Reporting
A risk register that stays current between reviews.
Most risk registers start life in Excel. They work for one owner and one review cycle, then break as soon as several business units, risk owners and treatment plans share the same file. XGRC® ERM replaces the spreadsheet with a live risk register: every risk has an owner, a category, inherent and residual scores, linked controls and a treatment plan, and every change is recorded in the audit trail.
Owned and scored
Each risk carries an owner, a category and likelihood and impact scores, so residual risk is re-assessed when controls or circumstances change, not once a year.
Linked to controls and actions
Controls, treatment plans and actions sit on the risk itself. Overdue actions and failed controls raise the residual score where the board can see it.
Appetite and KRIs built in
Risk appetite thresholds and key risk indicators are monitored against each risk, with escalation and breach alerts when a tolerance is exceeded.
Moving on from a risk register template →ISO 31000 risk management →
Aligned to ISO 31000, COSO ERM and King V.
South African boards are usually asked to show that risk is governed against a recognised framework. XGRC® ERM is structured so the same risk data answers to all three.
One view of risk for the board and the audit committee.
Board packs usually take days to assemble because risk data is spread across registers, incident logs and audit reports. In XGRC® ERM the board dashboard is built from the live register: top risks against appetite, movement since the last meeting, overdue treatment actions and KRI trends.
Because ERM runs on the same platform as Integrated Assurance, the audit committee also sees which high risks have been audited, which controls were tested and where assurance gaps remain. The internal audit plan follows the current risk profile rather than last year's.
40%
reduction in high-priority enterprise risks
TN Ceramics, a South African manufacturer of fire-assay crucibles, cupels and fluxes, deployed XGRC® ERM alongside SHEQX®, ENVIRX® and an ISO 9001 quality management system, implemented with GRC Link. Proactive mitigation cut its high-priority enterprise risks by 40%.
Download the TN Ceramics case study (PDF) →What teams use Enterprise Risk Management for.
Each use case explains the problem, the standards and regulations involved, and how Enterprise Risk Management handles it in practice.
Risk Management
XGRC® is risk management software that lets organisations identify, assess and manage risks in a structured, consistent way. It connects risks to controls, actions and assurance activities on a single platform, giving clear visibility of risk exposure across the organisation.
View use case → Use CaseEnterprise Risk Management
XGRC® provides a central ERM platform aligned to ISO 31000, COSO, and King V. Define your risk framework, identify and assess risks across all categories, link every risk to controls and audit findings, and report to the board with real-time visibility.
View use case → ISO ReadinessISO 31000 Risk Management
ISO 31000 is a guideline for managing risk, not a certifiable management system — there is no audit to pass. XGRC® helps organisations adopt and embed the ISO 31000 risk management process, from establishing context through risk assessment, treatment, and ongoing monitoring and review.
View use case → Use CaseRisk Register Template
Most organisations start their risk register in a spreadsheet. It works until a second risk owner edits it, a rating changes with no record of why, or the board asks for a rollup that takes three days to compile. This checklist sets out the fields and structure a risk register actually needs — the same structure XGRC® ERM runs live, with an audit trail built in.
View use case →Enterprise Risk Management is stronger on the platform.
Every XGRC® solution shares the same data foundation. When Enterprise Risk Management is combined with other solutions, risk, compliance, assurance, and governance data flows without duplication.
What Enterprise Risk Management is not.
ERM is not a static annual risk register exercise. It is a live risk management system with board dashboards, KRI monitoring and appetite-breach alerts, designed to stay current between review cycles, not just at them.
Common questions.
What is ERM software?
ERM (enterprise risk management) software is a system for identifying, assessing, treating, monitoring and reporting risks across a whole organisation. It replaces spreadsheet risk registers with a live register that links each risk to owners, controls, key risk indicators and treatment actions, and gives the board a current view of risk against appetite.
ERM vs ERP: what is the difference?
ERP (enterprise resource planning) software runs business transactions such as finance, procurement and inventory. ERM (enterprise risk management) software governs the risks to the business: what could go wrong, how likely it is, what controls are in place and whether they work. Many organisations run both, with ERM drawing on ERP data as a source of risk indicators.
Is ERM software better than spreadsheets?
For more than a handful of risks and owners, yes. Spreadsheets cannot enforce ownership, track changes reliably, alert on appetite breaches or link risks to controls and audit findings. ERM software keeps the register live and auditable, so the figures in the board pack are the same figures the business works from.
Is XGRC® ERM aligned to ISO 31000?
Yes. ERM is aligned to ISO 31000 and COSO ERM, with King V and IFRS-aligned reporting for South African organisations.
Can ERM link to our internal audit function?
Yes. ERM connects directly to Integrated Assurance, so the audit plan reflects the current risk landscape rather than last year's assumptions.
Does ERM support board-level reporting?
Yes. ERM includes real-time board dashboards, risk appetite monitoring and trend analysis built for board and audit committee reporting.
How is ERM different from a risk spreadsheet?
ERM keeps risk data live and linked, appetite breaches, KRI thresholds and treatment plans are monitored continuously, with full audit trails, rather than reconciled manually once a year.
See Enterprise Risk Management running in your environment.
Talk to an XGRC® specialist about how Enterprise Risk Management fits your organisation's specific compliance and governance requirements.
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