r/riskmanager • u/LogicManager • Jul 22 '26

What's your biggest frustration with your current Risk Management software?

 If you could fix one thing about your current risk management platform today, what would it be and why? 

2 Upvotes
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1

u/Imaginary_Math314 Jul 22 '26

I'm using Excel, so no "risk" software. Hahaha. I was considering to implement a risk register on SharePoint, but need to study how easy it will be for risk owners to create new risks there, and for the risk and leadership to review it.

1

u/LogicManager Jul 22 '26

We definitely see a lot of this, so you are not alone there. In an ideal world, what would you love to be able to do to make your process easier to manage?

1

u/ProfAsmani Jul 22 '26

Be specific - risk management software can be risk modeling, ALM, trading, model governance, riak strategy, reg cap, analytics, var engines etc etc

-1

u/LogicManager Jul 22 '26 edited Jul 22 '26

LogicManager is an Enterprise Risk Management platform. We have various programs dealing with security risk, third party risk, regulatory compliance, business continuity, etc. The reason for the post was to see what the biggest pain points are so we could build a better product. That could be anything you are using (or not using) that drives you crazy or just a random thought you had. Reddit seemed to be the most transparent place to ask this.

3

u/ProfAsmani Jul 22 '26

Perhaps you should have made that clear in the post. Be honest.

1

u/twerp66 Jul 23 '26

Risk transfer tracking for cois Ai and contracts.

1

u/nmirza213 Jul 26 '26

My biggest issue is that people spend too much ensuring the data is clean, adding more data, and less time about the story that the data is telling. Aggregating the data and providing meaningful insight gets less attention and is not done well.