Enterprise Risk ManagementCentralize how your organization identifies, assesses, and mitigates risk — with real-time visibility, consistent methodologies, and alignment to strategic objectives.
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Product Overview
Operationalize Enterprise Risk Across Your OrganizationEnterprise Risk Management (ERM) is a structured approach to identifying, assessing, and managing risk across an organization. SmartSuite’s Enterprise Risk Management software provides a structured, scalable system to manage risk across your entire organization — enabling teams to move from fragmented processes to a formalized, enterprise-wide risk program.SmartSuite establishes a consistent approach to identifying, assessing, and mitigating risk across business units, ensuring alignment across strategic, operational, financial, and compliance domains. With a centralized system of record, defined scoring methodologies, and governed workflows, organizations can standardize risk management in a way that is repeatable, auditable, and defensible.The product supports widely adopted frameworks such as COSO ERM, ISO 31000, NIST RMF, and the CRI Profile, while remaining flexible enough to align with internal methodologies and organizational structures.SmartSuite delivers real-time visibility into enterprise risk exposure, enabling executives and board members to understand risk posture, mitigation progress, and emerging threats. This supports more informed, risk-aware decision-making and strengthens alignment between risk management and strategic objectives.As part of SmartSuite’s connected GRC architecture, ERM extends beyond a standalone risk register.Risk exposure is continuously informed by:Third-party assessments and vendor risk activitiesControl testing and compliance programsIncident management and operational eventsBusiness continuity and resilience planningIssues management and remediation trackingThis ensures that risk is not managed as a static register, but as a connected, continuously evolving system of governance and operations.The product supports a wide range of enterprise use cases, including:Strategic risk management and executive oversightRegulatory risk and compliance alignmentBoard-level reporting and risk communicationCross-functional risk identification and mitigationThe result is an ERM program that is:Structured and defensible for auditors and regulatorsOperational and actionable for risk and compliance teamsTransparent and meaningful for executives and the board
What is Enterprise Risk Management (ERM)?Enterprise Risk Management (ERM) is a structured approach to identifying, assessing, and managing risks across an organization. It enables organizations to align risk with strategic objectives, maintain visibility into enterprise risk exposure, and improve decision-making across business units and functions.
Core Capabilities
SmartSuite’s Enterprise Risk Management product provides the core capabilities required to manage enterprise risk at scale — combining structured data, automation, and real-time reporting in a single connected platform. Each capability works seamlessly with other SmartSuite products, ensuring traceability from risk identification through mitigation and reporting.
Centralized Risk RegisterMaintain a single source of truth for enterprise risks with configurable fields, attachments, and complete audit history across all business units.
Risk Assessment ModelsApply consistent qualitative and quantitative scoring aligned with COSO ERM, ISO 31000, NIST RMF, and CRI Profile frameworks.
Risk Mitigation TrackingDefine mitigation plans, assign owners, and track progress with automated reminders, escalations, and workflow-driven accountability.
Key Risk Indicators (KRIs)Monitor thresholds and trigger alerts automatically to proactively identify and respond to emerging risk conditions.
Connected Risk RelationshipsLink risks to controls, incidents, audit findings, and third-party assessments for complete lifecycle traceability and context.
Dashboards & Risk AnalyticsVisualize exposure, trends, and concentrations through real-time dashboards, heatmaps, and executive-ready reporting views.
Workflow AutomationAutomate assessments, approvals, reviews, and escalations using no-code workflows to improve efficiency and consistency.
Framework ConfigurationAlign risk categories, scoring logic, and templates with internal methodologies or regulatory frameworks without requiring development.
Role-Based Access ControlEnsure secure access with granular permissions by role, department, or business unit to protect sensitive risk data.
The Risk Lifecycle
The Enterprise Risk LifecycleSmartSuite supports the full enterprise risk lifecycle — from identification through reporting — with connected workflows, automation, and real-time data.
Identify RisksCapture risks through structured intake forms, integrations, or linked workflows across departments and systems.
Assess & PrioritizeEvaluate likelihood, impact, and velocity using standardized scoring models to prioritize focus and resources.
Mitigate & Assign ActionsDefine mitigation strategies, assign owners, and track execution through automated workflows and approvals.
Monitor & ReviewTrack KRIs, update risk scores, and continuously evaluate exposure as business conditions change.
Report & CommunicateDeliver dashboards and audit-ready reports to executives, auditors, and regulators with full visibility into risk posture.
Connected Risk EcosystemSmartSuite products work together as part of a unified Governance, Risk & Compliance (GRC) platform — ensuring that risk data is continuously shared, updated, and contextualized across your organization.The Enterprise Risk Management product integrates seamlessly with related products to provide a complete, connected view of risk.
Who This Product Is For
The Enterprise Risk Management product supports stakeholders across governance, risk, and business operations — providing role-based access to relevant data, workflows, and insights.
Frequently Asked Questions
Answers to common questions about SmartSuite’s pricing models, plan options, and onboarding programs.
Build Trust and Control in Your AI SystemsSmartSuite delivers a complete GRC suite that connects AI governance with risk, compliance, and operational workflows.