Why Choose Essential ERM?
Essential ERM is a secure, web-based software application purpose-built for enterprise risk management (ERM). With over 1,000 users across 15+ sectors, it helps organizations make better decisions, save time and money, and reduce risk — all while achieving strategic goals.
Here’s how Essential ERM stands out from traditional GRC tools:
Purpose-Built for ERM
Unlike bloated GRC suites, Essential ERM is designed from the ground up to support the specific tasks ERM professionals face — with no unnecessary complexity.
User-Friendly and Intuitive
Business users and executives can easily use the platform with minimal to no training. This empowers broader participation across the organization and lets risk managers focus on strategy, not data collection.
Fast Setup and Flexibility
Get started in hours — not weeks. Essential ERM is configurable, scalable, and provides as much or as little support as your team needs. Advanced features can be toggled on/off based on your program’s maturity.
Key Features of Essential ERM
1. Enterprise Risk Console
Interactive, spreadsheet-like risk register
Drag-and-drop reprioritization
Advanced filters for customized data views
2. Detailed Risk Records
Assign categories and score:
Inherent Risk
Control Effectiveness
Residual Risk
Contextual pop-up help tailored to the risk category
Integrated Bow Tie diagrams for visual scenario analysis
3. Risk Relationships
Link parent risks with sub-risks (child risks)
Auto-calculate simple or weighted averages for scoring
Enables structured roll-up reporting and hierarchy modeling
4. Action Plans & Reminders
Users can create action plans tied to specific risks
Automated reminders help track progress and prompt updates
5. Objective Integration
Link risks directly to strategic objectives
Use Strategy Dashboard to:
Visualize risks by business goal
Identify when risk posture threatens execution
Compare strategic alternatives
6. Risk Appetite Dashboard
Define upper/lower thresholds for various risk categories
Monitor which risks exceed acceptable ranges
Supports board-level and executive oversight
7. Risk Voting
Quick and easy to set up
Reduces groupthink, encourages engagement
Mobile and desktop voting options
Supports bulk assessments with full vote history
8. Dynamic Reporting
Download on-demand reports with trend history
Board-friendly summary reports
Export full datasets for Power BI, Tableau, or other BI tools
9. Key Risk & Performance Indicators (KRIs/KPIs)
Configure automated alerts and email notifications
Get early warnings when thresholds are exceeded
Drive performance by tracking real-time risk posture shifts
Fast Start, Long-Term Growth
Essential ERM is ideal for both:
New programs seeking fast, easy deployment
Mature ERM programs needing scalable workflows and powerful reporting
We offer flexible packages tailored to your organization’s size, industry, and risk maturity level.