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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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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Reasonable Risk is an advanced risk management software designed to help businesses identify, assess, and mitigate risks across various domains. Whether it's financial, operational, or cybersecurity risk, Reasonable Risk offers a comprehensive solution to monitor and manage potential threats. The software provides tools for risk assessment, allowing organizations to quantify the probability and im... Read more about Reasonable Risk

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

CrossClassify is a cutting-edge identity verification software that helps organizations authenticate and verify the identity of individuals quickly and accurately, reducing the risk of fraud and enhancing security. The platform leverages advanced technologies such as biometrics, facial recognition, and document scanning to verify identity in real-time. CrossClassify can be used across various sect... Read more about CrossClassify

Free Trial

NA

Pricing Type

Contact Vendor

Location

Australia

Collide is an innovative idea management software designed to foster creativity and collaboration within organizations. This versatile platform allows employees to submit, share, and evaluate ideas in a structured environment, encouraging a culture of innovation. With Collide, organizations can easily organize and categorize ideas, making it simple to track progress and prioritize initiatives. The... Read more about Collide

Free Trial

NA

Pricing Type

Contact Vendor

Location

Canada

Risk Management Ba-PRO is a comprehensive risk management software designed to help organizations identify, assess, and mitigate potential risks effectively. It offers a robust platform for managing risk throughout the organization, ensuring that all potential threats are systematically addressed. Risk Management Ba-PRO features an intuitive interface that allows users to conduct risk assessments,... Read more about Risk Management Ba-PRO

Free Trial

Available

Pricing Type

$45 Per month

Location

Netherlands

DCDR is an advanced Risk Management Software designed to help organizations identify, assess, and mitigate risks across their operations. It offers a comprehensive platform for conducting risk assessments, implementing controls, and monitoring compliance. DCDR features tools for creating risk registers, scoring risks based on likelihood and impact, and assigning ownership for mitigation actions. T... Read more about DCDR

Free Trial

Available

Pricing Type

$49.95 Per user

Location

United States

Safevix is a comprehensive risk management software that helps organizations identify, assess, and mitigate risks across their operations. Whether you're dealing with financial risks, compliance challenges, or cybersecurity threats, Safevix provides the tools you need to stay proactive. The software offers features like risk assessment templates, real-time monitoring, and risk reporting, allowing ... Read more about Safevix

Free Trial

NA

Pricing Type

Contact Vendor

Location

Estonia

AI-Powered Risk and Compliance Software

LAHEBO is a comprehensive Governance, Risk, and Compliance (GRC) Software designed to help organizations manage their regulatory requirements and mitigate risks effectively. It offers a centralized platform for overseeing governance policies, assessing and monitoring risks, and ensuring compliance with industry standards and regulations. LAHEBO provides tools for risk identification, evaluation, a... Read more about LAHEBO

Free Trial

14 Days

Pricing Type

$360 Per month

Location

Australia

Techowlshield is a sophisticated vulnerability scanner software designed to help businesses identify, assess, and mitigate security risks within their IT infrastructure. The platform automatically scans networks, applications, and systems for known vulnerabilities, misconfigurations, and weaknesses that could be exploited by cybercriminals. Techowlshield uses advanced threat intelligence to stay u... Read more about Techowlshield

Free Trial

Available

Pricing Type

$10000 Per user

Location

India

BPI System is an innovative quality management software tailored to enhance operational efficiency and product quality across various industries. With its user-friendly interface, this software streamlines processes by integrating essential tools for monitoring, analyzing, and improving quality standards. Users can easily implement corrective actions, manage non-conformances, and conduct audits, e... Read more about BPI System

Free Trial

NA

Pricing Type

$5500 Per year

Location

United States

Cetbix ISMS is a robust risk management software designed to help organizations identify, assess, and mitigate risks effectively. The platform offers tools for risk assessment, compliance management, and incident reporting, ensuring businesses can protect their assets and maintain operational integrity. With its user-friendly interface, Cetbix ISMS allows users to create risk profiles, monitor ris... Read more about Cetbix ISMS

Free Trial

Available

Pricing Type

$6500 Per user

Location

United Kingdom

PRIV.DRM is a Compliance Software designed to help businesses manage and enforce data protection regulations, ensuring that they remain compliant with industry standards. The platform offers tools for managing sensitive data, monitoring access, and generating audit trails to track data handling activities. PRIV.DRM supports compliance with regulations such as GDPR, HIPAA, and CCPA, helping busines... Read more about PRIV.DRM

Free Trial

NA

Pricing Type

Contact Vendor

Location

Cayman Islands

ControlNet is a comprehensive risk management software solution designed to help organizations identify, assess, and mitigate potential risks across various business operations. The platform offers powerful tools for risk identification, tracking, and reporting, enabling businesses to proactively address challenges before they escalate. With customizable risk assessment frameworks, ControlNet allo... Read more about ControlNet

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

HeadsUp is a dynamic risk management software designed to help organizations identify, assess, and mitigate risks effectively. It offers a comprehensive platform for managing risk assessments, tracking risk mitigation actions, and ensuring compliance with industry regulations. HeadsUp features intuitive tools for identifying potential risks, evaluating their impact and likelihood, and prioritizing... Read more about HeadsUp

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

Inbario is a powerful task management software designed to help individuals and teams organize, prioritize, and track their tasks and projects with ease and efficiency. It offers a comprehensive suite of tools for creating to-do lists, setting deadlines, assigning responsibilities, and monitoring progress, ensuring that all tasks are completed on time and within scope. Inbario’s intuitive interf... Read more about Inbario

Free Trial

NA

Pricing Type

Contact Vendor

Location

Norway

RiskONE is an advanced risk management software that helps organizations identify, assess, and mitigate potential risks in their operations. This powerful platform provides businesses with the tools they need to proactively manage risks, whether they relate to financial, operational, legal, or environmental factors. RiskONE allows users to track and document risks, assess their likelihood and impa... Read more about RiskONE

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Hasmatic is an advanced safety management software designed to help organizations ensure a safe and compliant workplace. It offers a comprehensive suite of tools to manage workplace safety, monitor incidents, track risks, and ensure compliance with local and international safety regulations. Hasmatic enables organizations to automate safety inspections, audits, and risk assessments, making it easi... Read more about Hasmatic

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

Smartmatic is a powerful compliance management software designed to help organizations meet regulatory requirements and reduce the risk of non-compliance. Whether your business operates in the finance, healthcare, manufacturing, or technology sectors, Smartmatic offers a comprehensive solution to streamline compliance workflows, track regulatory changes, and maintain audit trails. The software all... Read more about Smartmatic

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

Vulnerabilities.io is a sophisticated risk management software designed to help businesses identify, assess, and mitigate security risks. With a focus on cybersecurity, the platform allows businesses to monitor their IT infrastructure for vulnerabilities, such as outdated software, misconfigured systems, and potential security threats. Vulnerabilities.io integrates with existing security systems, ... Read more about Vulnerabilities.io

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

LENO is an advanced Governance, Risk, and Compliance (GRC) software designed to help organizations manage and mitigate risks, ensure regulatory compliance, and streamline governance processes. The platform provides a comprehensive framework for identifying, assessing, and controlling risks across various departments and functions. LENO’s robust risk management capabilities allow businesses to pr... Read more about LENO

Free Trial

NA

Pricing Type

Contact Vendor

Location

Germany

AuditFlo is a powerful audit management software designed to help businesses streamline their internal and external audit processes. With AuditFlo, organizations can automate tasks such as audit planning, scheduling, risk assessment, and report generation, significantly reducing the time and resources required to conduct audits. The platform provides tools for tracking audit progress, managing aud... Read more about AuditFlo

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Risklynx is an innovative compliance software that helps organizations navigate the complexities of regulatory requirements. This powerful platform offers features such as risk assessment, audit management, and compliance reporting, allowing businesses to maintain compliance efficiently. The intuitive interface makes it easy for users to monitor their compliance status and document necessary proce... Read more about Risklynx

Free Trial

NA

Pricing Type

$35000 Per user

Location

China

SimpRisk is a comprehensive risk management software solution designed to help organizations identify, assess, and mitigate risks effectively. The platform offers a user-friendly interface that allows users to conduct risk assessments, manage incidents, and track compliance with industry regulations. With features like risk scoring, reporting, and automated workflows, SimpRisk simplifies the risk ... Read more about SimpRisk

Free Trial

Available

Pricing Type

$50 Per user

Location

Slovenia

CRISAM is a comprehensive risk management software that enables organizations to identify, evaluate, and mitigate potential risks across their operations. Designed for compliance and risk assessment teams, CRISAM provides tools for risk identification, impact analysis, and control planning. The platform’s intuitive dashboard allows users to visualize risk exposure, prioritize threats, and alloca... Read more about CRISAM

Free Trial

Available

Pricing Type

Contact Vendor

Location

Germany

Mathos Risk is a comprehensive risk management software designed to help businesses identify, assess, and mitigate risks effectively. The platform provides tools for risk assessment, threat analysis, and impact evaluation, enabling organizations to understand and manage potential risks proactively. Mathos Risk allows users to create risk profiles, set mitigation strategies, and track progress towa... Read more about Mathos Risk

Free Trial

Available

Pricing Type

Contact Vendor

Location

Germany

Clearity is a HIPAA compliance software designed to help healthcare organizations ensure that their operations comply with the Health Insurance Portability and Accountability Act (HIPAA). The platform offers tools for managing patient data, securing sensitive information, and tracking compliance with HIPAA privacy and security standards. Clearity helps healthcare providers implement policies and p... Read more about Clearity

Free Trial

Available

Pricing Type

$199 Per month

Location

United States

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