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What is iCoRisk?

iCoRisk acts as a cutting-edge accelerator for corporate risk management by utilizing the Microsoft Power Platform, enabling organizations to monitor, mitigate, and manage different risk types—such as project, operational, and corporate risks—through a unified system. The platform offers adaptable risk scoring frameworks that support assessments of pre-, post-, and target-risk, while also linking risks to relevant controls and mitigation tactics, and automating essential tasks like notifications, email alerts, and approval processes. Users have the ability to effectively associate risks with various departments, correlate project-specific risks with ongoing business risks, and utilize real-time, dynamic dashboards and reports powered by Power BI, giving stakeholders an insightful overview of risk registers and current mitigation strategies. Moreover, as part of Microsoft 365 and the Power Platform, iCoRisk guarantees smooth integration with Azure, Teams, and an array of third-party applications, enhancing collaboration and embedding risk management practices into daily business operations, which significantly boosts overall operational productivity. This comprehensive strategy not only optimizes risk management procedures but also equips organizations to tackle challenges in a proactive and effective manner, ultimately fostering a culture of resilience.

What is Risk Radar?

Inform users of Risk Radar® Enterprise about the diverse features and capabilities that the application provides. Develop initiatives that promote proactive risk management across various programs, divisions, or even entire organizations. Highlight how the application's ability to generate real-time reports significantly improves transparency regarding business risks and opportunities. Create a systematic approach for identifying, evaluating, managing, and mitigating risks effectively. Promote risk training that encompasses all key stakeholders—including individuals, management teams, suppliers, developers, integrators, and customers—ensuring that everyone is aligned with the organization's objectives. Leverage the Association Function to enhance awareness of enterprise-level risks. Delve into the methods for gathering, analyzing, mitigating, and reporting risk data. Provide methods to minimize cultural resistance toward formal risk management efforts. Advocate for the creation of a continuous risk management program that adapts alongside the evolving business environment. Stress the necessity of ongoing improvement in risk management techniques to respond to dynamic conditions. Moreover, encourage a culture of collaboration and communication that empowers all employees to participate actively in risk management efforts.

Media

Media

Integrations Supported

Microsoft 365
Microsoft Azure
Microsoft Dynamics 365
Microsoft Power BI
Microsoft Power Platform
Microsoft Teams

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Online Training
On-Site Training

Company Facts

Organization Name

iCoTech Services

Date Founded

2018

Company Location

United Kingdom

Company Website

icotechservices.co.uk/icorisk/

Company Facts

Organization Name

Pro-Concepts

Date Founded

2011

Company Location

United States

Company Website

proconceptsllc.com/risk-radar-enterprise-training/

Categories and Features

Risk Management

Not specified

Categories and Features

Risk Management

Business Process Control
Compliance Management
Corrective Actions (CAPA)
Risk Assessment

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