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What is ModelRisk?

ModelRisk is an Excel add-in tailored for conducting Monte Carlo simulations, allowing users to integrate uncertainty into their spreadsheet models effectively. Since its launch in 2009, it has become a benchmark for innovation in the field, introducing a variety of technical features related to Monte Carlo techniques that facilitate the development, verification, and evaluation of risk models in a manner that aligns more closely with real-world complexities. By replacing uncertain values in Excel with specialized ModelRisk probability distribution functions, users can accurately depict the uncertainty surrounding those values. Subsequently, ModelRisk utilizes Monte Carlo simulation methods to generate thousands of potential scenarios automatically. While Excel is employed for a multitude of analytical tasks, ModelRisk uniquely focuses on assessing the uncertainty present in the numerical outcomes of Excel models. This powerful tool has been embraced by users from diverse industries for risk analysis, highlighting its adaptability and effectiveness in managing uncertainty. Moreover, its capability to visualize results not only enhances user comprehension but also aids in making well-informed decisions, ultimately leading to better strategic outcomes. In an increasingly complex world, ModelRisk empowers users to navigate uncertainty with confidence.

What is EasyRisk.io?

EasyRisk.io offers specialized operational risk management software designed for organizations that have moved past basic spreadsheet risk registers but seek a more lightweight solution than extensive GRC suites. Utilizing the ISO 31000 framework, each risk undergoes thorough processing that includes identification, analysis, evaluation, treatment, and monitoring, with the risk levels represented on an easy-to-read 5x5 matrix that evaluates both likelihood and impact. Furthermore, every risk is assigned a dedicated owner, along with treatment actions that have specific deadlines, and a clear review schedule that shows when assessments are to be conducted. Every change made within the system is carefully recorded in an immutable audit trail, guaranteeing transparency regarding who made modifications and when, which eliminates the need for additional documentation. Compared to standard spreadsheets, EasyRisk.io significantly improves the risk management workflow by incorporating features such as ownership tracking, a complete change history, automated review reminders, and role-based access controls. Unlike larger enterprise GRC platforms, it avoids extensive implementation times, enabling users to establish a workspace in just a few minutes. The pricing model is flexible and based on the number of editors, while auditors, management, and reviewers can use the system without requiring their own dedicated seats, and every subscription tier allows for an unlimited number of risks. Importantly, the software is available for free indefinitely for a single editor and is managed by a Swiss company, with servers situated in the EU. Moreover, the intuitive interface and streamlined functionality of EasyRisk.io make it an excellent option for teams aiming to enhance their risk management processes while avoiding unnecessary complications, making it accessible for organizations of all sizes. This combination of features positions EasyRisk.io as a strong contender in the operational risk management software market.

Media

Media

No images available

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

€14/mo/editor billed yearly
Free Version
Free Trial Offered?

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Vose Software

Company Location

Belgium

Company Website

www.vosesoftware.com/products/modelrisk/

Company Facts

Organization Name

Swiss Security Hub AG

Company Location

Switzerland

Company Website

easyrisk.io

Categories and Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Categories and Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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