Project Management

Capterra Value Report: A Price Comparison Guide for Risk Management Software

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Compare pricing for the top risk management software products with the highest value-for-money and functionality ratings.

We hear from software buyers time and again that two of their top considerations when investing in a new risk management solution are price and functionality. Budget is a constraint for most businesses, but affordability alone doesn’t make a product valuable—it must also offer the functionality you need.

In this report, we’ve ranked the most valuable risk management software products based on user reviews: those with the highest marks for both value for money and functionality. We also break down the starting cost and relevant pricing details for each product.

Top risk management software rated on value for money and functionality

The graphic below shows risk management products with the highest value-for-money and functionality ratings based on user reviews in Capterra’s software directory. Products are arranged in increasing order of their value-for-money rating (bottom to top) and functionality rating (left to right).

Note: While products in the top-right zone of the graph rank higher in terms of both the functionality and the value-for-money rating, all products in this graph are top rated.

Price comparison for top-rated risk management software

Comparing pricing and features for multiple software solutions can prove to be a difficult task. We have created a table to highlight how different risk management software products stack up against each other in terms of starting pricing, free trial, and free versions, allowing you to compare these products all in one place.

price comparison table for risk management software
The products in the above table are taken from the scatter plot (for which the pricing information is available publicly). These products are arranged in alphabetical order and the pricing included in this table is for the entry-level/lowest-priced offering (discounted pricing not considered) found on vendor websites as of July 26, 2022. The cost of these risk management software products may vary based on the number of users, features, or other factors.
1

BizAway

View Profile
Trial/Free Version:
Free Trial
Free Version
Value-for-money rating:

4.8

Functionality rating:

4.6

Device Compatibility:

Screenshot:

<p><i><span style="font-weight: 400;">Dashboard in </span></i><a href="https://www.capterra.com/p/219818/BizAway/"><i><span style="font-weight: 400;">BizAway </span></i></a></p>

BizAway is a cloud-based business travel management software solution that caters to independent travelers as well as travel managers or agencies. The solution lets you define the approval workflow that best suits your travelers by monitoring and approving their bookings. It offers features such as multilingual platforms, multi-currency configurations, custom travel policy, and travel risk management.

Starting price: Starts at $3 per booking.

Features available at a higher price: Advanced versions allow you to customize license fees and commissions per transaction, provide dedicated customer care, and periodic consolidated invoicing.

2

Contractor Compliance

View Profile
Trial/Free Version:
Free Trial
Free Version
Value-for-money rating:

4.9

Functionality rating:

4.4

Device Compatibility:

Screenshot:

<p><i><span style="font-weight: 400;">Document version control in </span></i><a href="https://www.capterra.com/p/177871/Contractor-Compliance/"><i><span style="font-weight: 400;">Contractor Compliance</span></i></a></p>

Contractor Compliance is a cloud-based contractor management solution that enables organizations to analyze, manage, and measure environmental health and safety compliance requirements. The solution lets businesses configure compliance requirements based on job role, site, and other metrics and utilize the drag-and-drop interface to upload specific documents or files to the platform.

Starting price: Starts at $199 for an annual subscription, billed annually.

Features available at a higher price: All features are included in all the pricing packages. The only difference is in the number of companies that a user works with using the software.

3

iAuditor

View Profile
Trial/Free Version:
Free Trial
Free Version
Value-for-money rating:

4.4

Functionality rating:

4.3

Device Compatibility:

Screenshot:

<p><i><span style="font-weight: 400;">Dashboard in </span></i><a href="https://www.capterra.com/p/227139/iAuditor/"><i><span style="font-weight: 400;">iAuditor</span></i></a></p>

iAuditor is an inspection management application that allows users to build checklists, file reports, and conduct operational inspections online. iAuditor enables users to capture inspection reports in various formats such as PDF, XML, CSV, and DOCX file types. It lets users maintain a digital audit history, which helps them establish and view trends over time for risk assessment. The solution also allows users to download forms and conduct inspections on business operations offline to identify any potential risk.

Starting price: Starts at $19 per user, per month, billed annually. It includes unlimited inspection reports and includes up to 10 users.

Features available at a higher price: Advanced versions offer advanced permission and access management, trend analysis, and integration with external business systems.

4

Okta

View Profile
Trial/Free Version:
Free Trial
Free Version
Value-for-money rating:

4.4

Functionality rating:

4.5

Device Compatibility:

Screenshot:

<p><i><span style="font-weight: 400;">Multifactor policies in </span></i><a href="https://www.capterra.com/p/119653/Okta/"><i><span style="font-weight: 400;">Okta</span></i></a></p>

Multifactor policies in Okta

Okta is an identity management solution that caters to businesses across various industries for risk identification and risk mitigation. Its key features include access request management, compliance management, account management, user provisioning, and multifactor authentication. Okta also offers various features to support enterprise architecture, mobile device management, and network security.

Starting price: Starts at $3 per user per month, billed annually.

Features available at a higher price: Advanced versions offer contextual access management such as location context, device context, and network context.

5

Openli

View Profile
Trial/Free Version:
Free Trial
Free Version
Value-for-money rating:

4.8

Functionality rating:

4.7

Device Compatibility:

Screenshot:

<p><i><span style="font-weight: 400;">Privacy hub in </span></i><a href="https://www.capterra.com/p/206996/Openli/"><i><span style="font-weight: 400;">Openli</span></i></a></p>

Openli is a risk management software solution that provides professional services to ensure your privacy statement is in line with required regulatory compliance. It helps companies with third-party risk management by getting an overview of their data processors to help them maintain compliance with ePrivacy, marketing requirements, and General Data Protection Regulation (GDPR). Using Openli, organizations can embed and update legal documents and notify clients about revisions via email.

Starting price: Starts at $486 per month, billed monthly.

Features available at a higher price: Advanced versions offer data migration, an unlimited number of users, and single-sign-on.

6

SEON. Fraud Fighters

Visit Website
Trial/Free Version:
Free Trial
Free Version
Value-for-money rating:

4.8

Functionality rating:

4.8

Device Compatibility:

Screenshot:

<p><i><span style="font-weight: 400;">Transaction details in </span></i><a href="https://www.capterra.com/p/187389/SEON-Sense/"><i><span style="font-weight: 400;">SEON. Fraud Fighters</span></i></a></p>

SEON. Fraud Fighters is a fraud prevention software solution that performs digital footprint analysis on your registered users to identify fraudsters. The solution features an admin panel that allows users to collaborate and set custom rules. It allows users to perform background checks with data points from over 35 social media platforms. The risk management tool provides an admin panel with customizable widgets, statistics and reporting features, machine learning rules, and permission levels.

Starting price: Starts at $299 per month, billed monthly. Unlimited users are included in the plan.

Features available at a higher price: Advanced versions offer a phone module to find digital and social profiles connected to a phone number and a bank identification number (BIN) module to get details about a card’s bank, issuer, country, type, and validity from any BIN number off a card.

7

Sofvie

View Profile
Trial/Free Version:
Free Trial
Free Version
Value-for-money rating:

4.7

Functionality rating:

4.5

Device Compatibility:

Screenshot:

<p><i><span style="font-weight: 400;">Home screen in </span></i><a href="https://www.capterra.com/p/215851/sofvie/"><i><span style="font-weight: 400;">Sofvie </span></i></a></p>

Sofvie caters to several industries in reducing operational risk and incidents and streamlining administrative and reporting efforts. It provides risk identification tools for data collection, record management, hazard monitoring, custom reporting and analytics, form submission, and document review. It offers incident management through a decision log feature where users can access decision-making history to prevent repeating incidents.

Starting price: Starts at $149 per month, billed monthly. Includes up to five users.

Features available at a higher price: All features are provided in all the plans.

8

Sumsub KYC/AML Platform

View Profile
Trial/Free Version:
Free Trial
Free Version
Value-for-money rating:

4.7

Functionality rating:

4.6

Device Compatibility:

Screenshot:

<p><i><span style="font-weight: 400;">Applicant profiles in </span></i><a href="https://www.capterra.com/p/188057/KYC-AML-Platform/"><i><span style="font-weight: 400;">Sumsub KYC/AML Platform</span></i></a></p>

Sumsub KYC/AML Platform is an online identity verification solution that enables businesses to give clients secure access to the tool. It allows users to build custom identity verification workflows using prebuilt templates. The risk management solution lets businesses analyze their clients through regular user updates via a global watchlist and sanctions database and politically exposed person (PEP) screening.

Starting price: Starts at $79 per month, billed monthly.

Features available at a higher price: Advanced versions of Sumsub KYC/AML Platform include up to four team members, PDF export, and data retention for up to five years.

9

Virtru

View Profile
Trial/Free Version:
Free Trial
Free Version
Value-for-money rating:

4.5

Functionality rating:

4.4

Device Compatibility:

Screenshot:

<p><i><span style="font-weight: 400;">Admin control in </span></i><a href="https://www.capterra.com/p/227959/Virtru/"><i><span style="font-weight: 400;">Virtru </span></i></a></p>

Virtru is a cloud-based security and data privacy tool that helps manage and encrypt emails to eliminate potential risks. It offers solutions that enable users to implement encryption, manage access controls, manage keys/passwords, conduct audits to meet security and privacy needs, and manage risk exposure.

Starting price: Starts at $79 per month, billed annually. The base price includes five users.

Features available at a higher price: Advanced versions offer Microsoft Outlook integration, enterprise key management overlay for sensitive data, mail gateway for employees, audit log access for one year, and custom branding.

If you want to explore more risk management tools, please visit our risk management category page.

How did we choose these products? We didn’t—you did

To find your ideal software match, you need information you can trust so you can save time, stay on budget, and focus more energy on growing your business. It’s why we vet and verify all our user reviews and recommend only the tools endorsed by people like you.

In other words, our product recommendations are never bought or sold or based on the opinion of a single individual—they’re chosen by your peers, reflecting the views and experiences of our independent base of software reviewers.

​​At Capterra, we objectively select and rank products based on a methodology developed by our research team. Some vendors pay us when they receive web traffic, but this has no influence on our methodology.

To be considered for this list, products have to:

  1. Have at least 20 unique product reviews published on Capterra within the past two years, as of July 26, 2022.
  2. Meet our definition of risk management software to be considered as a market fit: “Risk management software helps organizations measure levels of risk in ongoing projects and processes and generate meaningful insights and action plans for mitigating risk.”
  3. Of the products that met the above criteria, the 25 with the highest functionality and value-for-money ratings were mapped on a scatter plot.
  4. From these 25 products, only those with publicly available pricing information on the vendor website were included in the price comparison table. Therefore, the price comparison table is a subset of the scatter plot.

Note: The pricing included in the price comparison table is for the base product plan found on vendor websites as of July 26, 2022. This data may have changed since publication and may not reflect current conditions.

Disclaimer:The Capterra value report highlights the most reviewed products based on value for money and functionality ratings from end users. This data may have changed since publication and may not reflect current conditions.

For further information on pricing for a particular product, please see the vendor websites.


Looking for Risk Management software? Check out Capterra's list of the best Risk Management software solutions.

About the Author

Himanshi Arora

Himanshi Arora

Himanshi Arora is a Market Research Specialist at Capterra. She provides market insights and helps small businesses identify the right software for their needs by contributing to branded research reports such as Shortlist, Category Leaders, and FrontRunners. She enjoys exploring local restaurants and watching thrillers and sitcoms at her home base in Delhi.

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