Editorial Rating: 4.6/5.0

Likelihood to recommend 90%!

ESOfTSET editorial team evaluates this data and contrasts the product with similar products on the market. Using a standard evaluation system or framework, they rate the product based on various criteria, including performance, ease of use, customer support, and overall quality against cost.

Overview

LogicGate Risk Cloud is a cloud-based governance, risk, and compliance (GRC) platform that helps organizations manage and mitigate risks. It offers tools and features that enable businesses to identify and assess potential risks, develop and implement risk mitigation strategies, and monitor and report on risk management activities.

The platform allows users to create custom risk assessments, track risk-related incidents, and automate risk management workflows. It provides a centralized repository for risk-related information, enabling users to access and share data across teams and departments easily. LogicGate Risk Cloud also includes built-in reporting and analytics capabilities that allow businesses to gain insights into their risk management activities and identify areas for improvement. The highly configurable platform allows users to tailor it to their needs and requirements.

One of the unique features of LogicGate Risk Cloud is the ability to integrate with other GRC solutions and third-party data sources, such as financial data providers or regulatory databases. This integration enables businesses to incorporate external data into their risk management processes, further enhancing their ability to identify and mitigate potential risks.

LogicGate Risk Cloud is a powerful risk management tool that can help organizations improve their risk management practices, increase efficiency and effectiveness, and better protect their business from potential risks.

Pros and Cons

Pros

• Comprehensive risk management capabilities, including custom risk assessments and automated workflows.
• Centralized repository for risk-related data, allowing easy access and sharing across teams.
• Integrates with other GRC solutions and third-party data sources, enhancing the ability to identify and mitigate risks.
• Configurable to meet specific business needs and requirements.
• Built-in reporting and analytics capabilities provide valuable insights into risk management activities.

Cons

• The complexity of the platform can be difficult to learn.
• It may require significant configuration and customization to meet specific business needs fully.
• High cost compared to some other GRC solutions on the market.
• Limited user interface customization options.
• Limited mobile functionality may limit accessibility for some users.

Other Review Sites Rating

LogicGate Risk Cloud receives mostly positive reviews from several user review sites. Gartner users rate LogicGate Risk Cloud at 4.8 out of 5.0, users at G2 Review rate the service at 4.6 out of 5.0, and users at GetApp rate LogicGate Risk Cloud at 4.7 out of 5.0.