Best For

Mid-sided organizations including Banks, Credit Unions, Consulting Firms, Manufacturing and Health Care.

Product Details

Award Winning, purpose-built enterprise risk management software featuring unique risk bow tie functionality, risk appetite frameworks and thresholds, strategy centric risk, board reporting module, heat maps and more. Upgrading your ERM program made easy.

Contact Details

Tracker Networks

https://trackernetworks.com

Founded in 2009

Located in Canada

Essential ERM Pricing Overview

Essential ERM pricing starts at $125.00 per month, per user.There is not a free version of Essential ERM.Essential ERM does offer a free trial.See additional pricing details for Essential ERM below.

Starting Price

  • $125.00/month/user
  • Charity, Startup, Volume Discounts & Enterprise Pricing available.

Free Trial

Platform

  • Installed - Mac
  • Cloud, SaaS, Web
  • Installed - Windows
  • Mobile - iOS Native
  • Mobile - Android Native

Training

  • In Person
  • Live Online
  • Webinars
  • Documentation

Support

  • Business Hours
  • Online

Essential ERM Features

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

Essential ERM Reviews

Showing 5 of 15 reviews
Overall
4.7/5
Ease of Use
4.8/5
Customer Service
4.9/5
Verified Reviewer
Hospital & Health Care, 51-200 employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
4/5
Customer Service
5/5
Features
4/5
Value for Money
5/5
Likelihood to Recommend
9/10
Reviewer Source 
Source: Capterra
October 1, 2019

“Good solution that meets our needs”

OverallWe have multiple organizations working on a large, multi-year shared program. Tool is used to manage the shared enterprise risks; all orgs have access and use it to review and document progress to mitigations. Also use the tool for other internal risks; the added feature to allow segregation of risks by org or people is helpful.
ProsEasy to use and onboard my staff. Did not need a lot of education on how to technically use and navigate the software. Functionality to capture the risk with pre, post mitigation and events is helpful for staff to think through what is important to document for a risk. Appreciate the functionality for risk velocity and other prioritization factors; helps focus our regular reviews. Vendor is open to feedback and enhancing the solution.
ConsReporting is still improving; hard to change our old habits of presenting risks at a meeting without using the tool in the meeting. Like the trending of how a risk is progressing; expect in time it could be presented differently or available in different parts of the application.
Reviewer Source 
Source: Capterra
October 1, 2019
Verified Reviewer
Insurance, 51-200 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
3/5
Value for Money
5/5
Likelihood to Recommend
9/10
Reviewer Source 
Source: Capterra
August 13, 2018

“User friendly & supportive team”

OverallAt this time we are not solving any current problems because the software does not have the capability to provide us with management reports in dollars. Our experience with the software and the people at Tracker Networks has been excellent. Once reports are generated that are useful to the Board, and our regulators, we will be able to cease using an excel spreadsheet for our risk register. Until then we will continue to populate and manage the manual process - so, unfortunately, we are doubling our work effort.
ProsI like that the software is very user friendly. I can navigate easily. The sorting capabilities are appropriate for our business. Whenever I run into a situation customer service promptly investigates and provides guidance. So far we have been using a risk register designed on a spreadsheet. The Bowtie format has made us think about the root cause and mitigation more specifically rather than a broad view/approach.
ConsFor our business, the Board want us to quantify the risks and impact to the business in dollars. For us to be able to successfully implement using Essential ERM, we need to be able to produce various reports with dollars. ie Top 10 risks; Summary report of all risks; Risk Category; Key Measures Report (which is required for reporting to the regulators).
Reviewer Source 
Source: Capterra
August 13, 2018
Carol W.
ERM Consultant
Management Consulting, 1-10 employees
Used the software for: Less than 6 months
Overall Rating
4/5
Ease of Use
5/5
Customer Service
5/5
Features
4/5
Value for Money
5/5
Likelihood to Recommend
8/10
Reviewer Source 
Source: Capterra
October 1, 2019

“Easy to Implement for ERM Beginners”

OverallUsing the software gets you out of using spreadsheets, which is a definite plus. The ability to link risks to objectives is important for executives. The support for Essential ERM has been extremely responsive to questions.
ProsIf you don't have any existing ERM processes, Essential ERM is a great way to jump start a consistent method for identifying and managing risks in your organization. It is easy to use and encourages true understand of the risks so you can address the reason the risk exists, not just the consequence.
ConsThe software is harder to use if your organization has an established process or methodology, as the system has limited customization available. Ensure that the way the software is built will fit your organization and its needs.
Reviewer Source 
Source: Capterra
October 1, 2019
Navin M.
na
Accounting, 201-500 employees
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
August 13, 2018

“Optrimizing Risk information ”

OverallTrying to get a handle on management risk information from across differing entities in the organization proved to be a challenge. The solution was simple to use, efficient and great at reporting. Made an impact on communicating risk information.
ProsEase of use, flexibility, cost, user interface, support team and the innovative mindset of the developers
ConsIntegration with other assurance functions and reporting seems to be evolving and is still new
Reviewer Source 
Source: Capterra
August 13, 2018
Steve D.
Director of Finance & Controller
Insurance, 51-200 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
4/5
Customer Service
5/5
Features
4/5
Value for Money
4/5
Likelihood to Recommend
9/10
Reviewer Source 
Source: Capterra
August 7, 2018

“Tracker Business Partner review”

OverallThe business problems we are solving with ERM is creating engagement with our teams who have responsibility for assessing and documenting risks within our ERM process. Those with little prior experience in SOX or other types of risk evaluation find the tool intuitive, logical and provides the ability to link the outcomes in a more streamlined and visual fashion.
ProsThe Essential ERM Software is an intuitive dynamic tool that takes a relatively complex subject area and allows the user to simplify the process of risk assessment, quantification and tracking of identified risks. this has been a big help to our team as we look to expand the knowledge base and accountabilities of our team as we look to embed ERM into our orgainzation.
ConsAt this point we have not identified any significant issues or challenges with the software. The Trackers team has been great at taking feedback and incorporating changes to the product where it makes sense.
Reviewer Source 
Source: Capterra
August 7, 2018