Best Risk Management Software for Small Businesses (Free & Paid)

Running a small business comes with unique challenges, including tight budgets and limited resources. That’s why choosing the right risk management software can significantly improve your workflow and help you compete more effectively. Here, we feature the top risk management software solutions designed for small businesses—offering affordable pricing, user-friendly interfaces, and scalable features that grow alongside your company.

Last Updated: October 01, 2025

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1020 Software

Popular Picks in Risk Management Software

AuditBoard

AuditBoard

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Diligent One Platform

Diligent One Platform

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Hyperproof

Hyperproof

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LogicGate Risk Cloud

LogicGate Risk Cloud

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List of Top Best Risk Management Software for Small Businesses

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Small Business

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Audit, Compliance, & Risk Management Software

AuditBoard is a robust software solution designed to streamline and enhance audit, risk, and compliance management for organizations. Serving as a centralized platform, AuditBoard facilitates efficient planning, execution, and tracking of audits. It promotes collaboration among teams through customizable templates and automated workflows, ensuring consistency and adherence to compliance standards.... Read more about AuditBoard

Free Trial

Available

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Location

United States

Diligent One Platform is a powerful data analysis software designed to help businesses transform raw data into actionable insights. Featuring advanced analytics tools, Diligent One enables users to perform complex data manipulations, visualize trends, and generate comprehensive reports with ease. The platform supports integration with various data sources, allowing you to consolidate information f... Read more about Diligent One Platform

Free Trial

NA

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Location

United States

Automated Security & Compliance Software Built For Scale

Hyperproof is a robust compliance and risk management platform that simplifies the complex task of meeting regulatory standards. It streamlines the compliance processes by offering a centralized hub for documentation, monitoring, and reporting. Hyperproof helps organizations efficiently navigate and adhere to various compliance requirements to reduce the burden of manual tracking. With a user-frie... Read more about Hyperproof

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NA

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Location

United States

Shorten Time to Audit With a Connected View of Controls, Risks, and Evidence

LogicGate Risk Cloud is a no-code risk management platform that empowers businesses to navigate and mitigate risks effectively. It provides a centralized hub for organizations to identify, assess, and manage risks across various domains. The platform offers customizable solutions for compliance, internal audit management, policy management, and workflow automation, tailoring its capabilities to me... Read more about LogicGate Risk Cloud

Free Trial

NA

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Contact Vendor

Location

United States

Microsoft Purview Insider Risk Management is a sophisticated software solution that helps organizations manage and mitigate insider threats. It combines advanced data analytics and machine learning algorithms to identify, assess, and respond to potential risks posed by insiders, such as employees, contractors, or business partners. The software monitors user behavior across various platforms, incl... Read more about Microsoft Purview Insider Risk Management

Free Trial

Available

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Location

United States

The ACTICO Credit Risk Platform is an advanced risk management software designed to help financial institutions assess, monitor, and manage credit risk effectively. This platform provides comprehensive tools for modeling, analyzing, and reporting on credit exposure, ensuring that organizations can make informed lending decisions. With its intuitive interface, risk managers can easily access data, ... Read more about ACTICO Credit Risk Platform

Free Trial

Available

Pricing Type

$45000 Per user

Location

Germany

A fully unified, smarter GRC environment

IBM OpenPages is a comprehensive governance, risk, and compliance (GRC) solution designed to empower organizations in navigating complex regulatory landscapes. This robust platform seamlessly integrates risk management, policy management, and regulatory compliance, offering a unified approach to enhance business resilience. With intuitive dashboards, OpenPages provides real-time insights into pote... Read more about IBM OpenPages

Free Trial

NA

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Location

United States

Oracle Risk Management is a powerful compliance software designed to help organizations manage and mitigate risk effectively. This comprehensive solution offers advanced tools for detecting and preventing fraud, ensuring regulatory compliance, and enforcing security policies. With Oracle Risk Management, businesses can monitor financial transactions, analyze risk patterns, and automate compliance ... Read more about Oracle Risk Management

Free Trial

NA

Pricing Type

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Location

United States

IBM Security Guardium Data Risk Manager is a sophisticated data discovery software designed to help organizations identify, classify, and protect sensitive information across their entire data landscape. The platform offers advanced tools for automated data discovery, risk assessment, and data classification, ensuring that critical data assets are accurately identified and secured. With features s... Read more about IBM Security Guardium Data Risk Manager

Free Trial

NA

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Location

United States

Oracle Fusion Cloud ERP is a comprehensive Project Management Software designed to empower businesses with the tools needed to plan, execute, and monitor projects effectively. It offers a robust platform for managing project timelines, resources, budgets, and deliverables, ensuring that organizations can achieve their project goals on time and within budget. Oracle Fusion Cloud ERP features an int... Read more about Oracle Fusion Cloud ERP

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Available

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Location

United States

Polarion REQUIREMENTS is a robust compliance software solution designed to streamline the management of requirements across projects. It offers features that facilitate real-time tracking and traceability, ensuring that all regulatory and business requirements are met effectively. Users can easily collaborate, prioritize tasks, and maintain transparency throughout the project lifecycle. By integra... Read more about Polarion REQUIREMENTS

Free Trial

Available

Pricing Type

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Location

Germany

SAP Ariba is a cloud-based billing and invoicing software solution designed to help businesses manage procurement, supplier payments, and billing processes more effectively. The platform streamlines the entire invoice lifecycle, from purchase order creation to invoice receipt and payment approval. SAP Ariba integrates with various enterprise resource planning (ERP) systems, allowing for seamless d... Read more about SAP Ariba

Free Trial

NA

Pricing Type

Contact Vendor

Location

Germany

CloudHealth Secure State is a comprehensive compliance software designed to help businesses secure their cloud environments and ensure compliance with industry standards. This platform enables organizations to continuously monitor their cloud infrastructure for security vulnerabilities, misconfigurations, and compliance violations. CloudHealth Secure State uses automated policy enforcement and rea... Read more about CloudHealth Secure State

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Control Compliance Suite is a compliance software designed to help organizations manage and maintain regulatory compliance across their operations. It offers tools for risk assessment, policy management, and automated compliance reporting. The software ensures that businesses stay up-to-date with industry regulations and helps identify potential compliance gaps. With its integrated reporting featu... Read more about Control Compliance Suite

Free Trial

NA

Pricing Type

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Location

United States

Risk Command is a comprehensive risk management software that helps businesses proactively identify, assess, and mitigate risks across all areas of operations. Whether managing financial, operational, or compliance risks, Risk Command provides a central platform for tracking and controlling risk-related issues in real time. The software offers tools for risk assessment, impact analysis, and the cr... Read more about Risk Command

Free Trial

NA

Pricing Type

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Location

United States

Netcraft is a cutting-edge threat intelligence software designed to protect businesses from cyberattacks, phishing scams, and other online threats. This platform provides real-time monitoring and alerts on potential security vulnerabilities, giving businesses the information they need to stay ahead of evolving threats. Netcraft leverages global data to analyze web traffic, identify malicious actor... Read more about Netcraft

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

SAS Fraud, AML (Anti-Money Laundering) & Security Intelligence is a comprehensive compliance software solution designed to help businesses detect, prevent, and investigate fraud and money laundering activities. The software combines advanced analytics, machine learning, and real-time monitoring to identify suspicious transactions and potential security threats. It helps businesses meet regulatory ... Read more about SAS Fraud, AML & Security Intelligence

Free Trial

NA

Pricing Type

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Location

United States

SAS Risk Management is an advanced risk management software designed to help organizations identify, analyze, and mitigate risks effectively. This platform provides comprehensive tools for risk assessment, modeling, and reporting, ensuring a proactive approach to risk management. Users can monitor risk exposure, track compliance status, and generate insights through an intuitive interface. SAS enh... Read more about SAS Risk Management

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Pi. is a cutting-edge payment processing software designed to provide businesses with a seamless way to handle financial transactions across various channels. The platform supports online payments, in-store transactions, and mobile payments, making it versatile for businesses of all sizes and industries. Pi. offers secure payment processing with encryption and fraud detection features to protect b... Read more about Pi.

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Search, analyze and visualize your data quickly.

Splunk Enterprise is a powerful software tool designed for deep data analysis and operational intelligence. Its primary strength lies in processing and analyzing large volumes of machine-generated data, making it ideal for IT operations, security, and business analytics. With Splunk, users can easily collect, index, and visualize data in real-time, offering insights into patterns, trends, and pote... Read more about Splunk Enterprise

Free Trial

NA

Pricing Type

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Location

United States

A cloud-based and AI-powered IT service management (ITSM) platform.

SolarWinds Service Desk is an advanced, user-friendly software solution designed for efficient IT service management. Its comprehensive features allow seamless tracking and resolving of IT issues, making it ideal for businesses seeking streamlined IT workflows. Key features include automated ticketing, which simplifies incident reporting and resolution. The asset management tool tracks and manages... Read more about SolarWinds Service Desk

Free Trial

30 Days

Pricing Type

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Location

United States

GrabDefence is an advanced risk management software that focuses on identifying, assessing, and mitigating cybersecurity threats. With its AI-driven algorithms and real-time monitoring, GrabDefence provides businesses with an automated approach to detecting vulnerabilities and preventing potential breaches. The software continuously scans the network for irregularities and suspicious activities, o... Read more about GrabDefence

Free Trial

Available

Pricing Type

Contact Vendor

Location

Singapore

LSEG Risk Intelligence is a robust risk management software designed to help organizations identify, assess, and mitigate risks effectively. This platform offers a suite of tools for risk analysis, reporting, and compliance management, enabling businesses to maintain a proactive approach to risk management. With LSEG Risk Intelligence, users can create risk profiles, conduct scenario analyses, and... Read more about LSEG Risk Intelligence

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

OneTrust is a robust platform for managing privacy, security, and third-party risk. Designed to streamline compliance with GDPR, CCPA, and other global privacy laws, OneTrust helps businesses automate and manage key privacy functions. The platform includes tools for data mapping, consent management, data subject rights requests, and compliance assessments. OneTrust’s built-in features allow comp... Read more about OneTrust

Free Trial

Available

Pricing Type

$30 Per feautre

Location

United States

Security Event Manager is a robust risk management software designed to help organizations identify, assess, and mitigate security threats effectively. It offers a comprehensive platform for monitoring security events, analyzing vulnerabilities, and managing risk assessments with precision and efficiency. Security Event Manager features real-time threat detection, automated incident response, and ... Read more about Security Event Manager

Free Trial

Available

Pricing Type

$5093 Per feautre

Location

United States

Explore Today’s Featured List of Top Best Risk Management Software for Small Businesses

Cyabra is an innovative Social Media Monitoring Software designed to help businesses track, analyze, and optimize their social media presence effectively. The platform offers a comprehensive suite of tools for monitoring brand mentions, analyzing social media trends, and measuring engagement across various platforms, ensuring that organizations can stay informed and responsive to their online audi... Read more about Cyabra

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Secureframe is a cutting-edge compliance software designed to help organizations automate and simplify their compliance processes. With an emphasis on security and risk management, Secureframe provides tools to streamline the collection of compliance evidence, manage audits, and ensure adherence to industry standards such as SOC 2, ISO 27001, and GDPR. The platform offers a user-friendly interface... Read more about Secureframe

Free Trial

NA

Pricing Type

$2000 Per year

Location

United States

Origami Risk for Risk Management is a comprehensive Environmental, Health, and Safety (EHS) software solution designed to help organizations manage risk, improve safety, and ensure compliance. The platform provides tools for tracking incidents, managing safety audits, monitoring regulatory compliance, and conducting risk assessments. Origami Risk enables businesses to streamline their EHS processe... Read more about Origami Risk for Risk Management

Free Trial

NA

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Location

United States

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