Who Uses This Software?

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


Average Ratings

9 Reviews

  • 5 / 5
    Overall

  • 5 / 5
    Ease of Use

  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Version
    Yes
  • Free Demo
  • Deployment
    Cloud, SaaS, Web
  • Training
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • Tracker Networks
  • trackernetworks.com
  • Founded 2009
  • Canada

About Essential ERM

Award Winning ERM Platform. Essential ERM streamlines risk collection from business units and executives, helps prioritize risks, tracks mitigations, consequences and automates follow-up on action items and reporting throughout the year. The system saves time for busy executives and risk managers, helps lower risk mitigation costs, and helps reduce risk through improved visibility and accountability, reduced dependence on spreadsheets, knowledge bases and benchmark data, and improved analysis.


Essential ERM Features

  • Auditing
  • Business Process Control
  • Compliance Management
  • Corrective Actions (CAPA)
  • Dashboard
  • Incident Management
  • Internal Controls Management
  • Risk Assessment

Essential ERM Reviews Recently Reviewed!


User friendly & supportive team

Aug 13, 2018
5/5
Overall

5 / 5
Ease of Use

3 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I 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.

Cons: For 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).

Overall: At 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.

Optrimizing Risk information

Aug 13, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Ease of use, flexibility, cost, user interface, support team and the innovative mindset of the developers

Cons: Integration with other assurance functions and reporting seems to be evolving and is still new

Overall: Trying 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.

Tracker Business Partner review

Aug 07, 2018
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The 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.

Cons: At 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.

Overall: The 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.

Essential ERM - Your company's 1 stop for everythign ERM

Aug 02, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Intuitive, easy to use design allowing for very easy customization. Some of the top selling features:

-Real-time, web-based and accessible world-wide

-Allows users to create and prioritizing custom risks

-Automatic follow-up on action items

-Automatically creates adjustable and comparable risk heat maps

- Uses ERM best-practice a bow-tie approach for individual risks

Cons: Some functionalities still under development, but this does not alter our use of the tool.

Overall: Very happy with the tool! Essential ERM helps automate the process which people go through to identify, prioritize and manage the risks of their organizations. It allows both the risk function as well as the front line to understand the ERM framework and provide useful insights. Looking forward to the integration of voting coming soon!

Essential ERM provides what is needed

Aug 02, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: This software is simple while providing the essential requirements to enable leaders to identify and manage risks, adding valuable insights to help them be more successful.

Cons: Creating and maintaining a valid value added risk assessment is challenging. Leaders and teams often struggle to identify and describe risks in ways which add value. Libraries and industry data can provide management with a reference point and in identifying "blind spots". Effective risk management is being able to consider the unlikely and undesired, biases get in the way. Essential ERM provides a solid database. Management may face bias challenges.

Overall: I am using Essential ERM in support of my consulting practice.

Essential ERM is an essential tool for any organization to manage their ERM outside of spreadsheets.

Aug 18, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The software is seamless, very easy to implement and extremely user friendly. There is no clutter and any complicated functionality. Very easy to configure and has very good reporting options.

Cons: The product needs more reports, but I am sure they are being developed and will be part of the upcoming releases.

Essential ERM Review

Aug 03, 2018
4/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Ease of use,

User friendly

Easy to create risk categories

Easy to conduct analysis

Cons: Some of the features are under development. Although, the development team is very recptive to suggestions

Simple and productive software for ERM professionals!

Aug 22, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The software was easy to use and update information.

Cons: Doesn't integrate with GRC systems (it wasn't designed to!)

Capterra-loader

Easy to understand, easy to access, extremely valuable as a management tool

Jul 27, 2018
4/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Professionally done. Connects with what Risk Management needs. And as noted above - very easy to understand and access

Cons: Haven't used it enough to determine how "real time" customer support is. But overall, Miles and his team have a great Risk Management tool here.

Overall: Extremely useful and accessible tool