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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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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Annual Subscription

One-Time Payment

Quote Based

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Self Employed

Small Business

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Deita is a risk management software designed to help businesses identify, assess, and mitigate risks across their operations. The platform provides tools for risk identification, risk analysis, and implementing risk mitigation strategies. Deita includes features for tracking risk events, evaluating potential impacts, and assigning risk owners to ensure that appropriate actions are taken. The softw... Read more about Deita

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Qualid is a comprehensive quality management software designed to help businesses maintain high standards of quality across their products and services. With Qualid, businesses can streamline quality control processes, manage inspections, and track non-conformances in real time. The software allows organizations to create and implement quality management systems, ensuring compliance with industry ... Read more about Qualid

Free Trial

NA

Pricing Type

$22 Per user

Location

Costa Rica

Bluejay is an incident management software designed to help organizations quickly and efficiently handle any unexpected incidents, from IT outages to health and safety emergencies. This software provides an end-to-end solution for managing incidents, from the moment they are detected to their resolution and reporting. Bluejay allows users to log incidents, categorize them based on severity, and as... Read more about Bluejay

Free Trial

NA

Pricing Type

$0 Per user

Location

India

Protect360 is a comprehensive security awareness training software designed to educate employees about cybersecurity risks and best practices. The platform offers interactive, engaging training modules that cover a wide range of topics, including phishing, data protection, password management, and safe browsing. With Protect360, businesses can conduct regular security awareness assessments, track ... Read more about Protect360

Free Trial

Available

Pricing Type

$1.5 Per user

Location

United States

ShieldRisk is a robust compliance software solution designed to help businesses navigate complex regulatory environments and mitigate risks. With an intuitive interface, it simplifies the process of managing compliance requirements across various industries, ensuring businesses can meet legal and regulatory standards without the need for manual tracking or extensive paperwork. ShieldRisk allows or... Read more about ShieldRisk

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Susana is a comprehensive risk management software designed to help businesses identify, assess, and mitigate potential risks in their operations. Whether you're managing financial, operational, legal, or strategic risks, Susana provides the tools needed to create effective risk management strategies. The software allows users to conduct risk assessments, document potential threats, and evaluate t... Read more about Susana

Free Trial

NA

Pricing Type

Contact Vendor

Location

Mexico

RiskOne Prism is a risk management software that helps organizations identify, assess, and mitigate risks across operations. The platform includes tools for conducting risk assessments, tracking incidents, and implementing corrective actions, providing a proactive approach to risk management. RiskOne Prism’s customizable risk scoring and prioritization features enable businesses to focus on high... Read more about RiskOne Prism

Free Trial

Available

Pricing Type

$500 Per year

Location

United States

SC365 CyberBI SaaS Suite is an all-in-one cybersecurity solution designed to provide businesses with real-time threat detection, monitoring, and incident response capabilities. Built for organizations of all sizes, SC365 CyberBI combines data-driven analytics with advanced machine learning algorithms to detect, prevent, and mitigate cyber threats across networks, endpoints, and cloud environments.... Read more about SC365 CyberBI SaaS Suite

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Defense In Depth is a comprehensive threat intelligence software designed to protect organizations from cyber threats by providing multi-layered security insights. With a focus on proactive defense, this platform combines real-time monitoring, vulnerability scanning, and predictive analytics to identify potential threats before they can cause damage. Defense In Depth aggregates and analyzes data f... Read more about Defense In Depth

Free Trial

Available

Pricing Type

$50 Per month

Location

Canada

Real-Time Monitoring of Non-Financial Risks for Your Business

Riskify is designed to help businesses and professionals quickly identify and assess Non-Financial Risks directly from their browser. Ideal for risk managers, compliance officers, and business leaders, it provides insights into operational, reputational, compliance, cybersecurity, ESG, and employees risks. Risk Assessment Non Financial Risk Operational risk Reputational risk Compliance ris... Read more about riskify

Free Trial

More than 30 days

Pricing Type

Contact Vendor

Location

United States

OMNIPRIVACY is a compliance software designed to help businesses adhere to data privacy regulations such as GDPR and CCPA. The platform provides tools for managing consent, tracking data processing activities, and conducting audits, ensuring that businesses stay compliant with privacy laws. OMNIPRIVACY simplifies data protection processes by offering automated workflows for managing user requests,... Read more about OMNIPRIVACY

Free Trial

Available

Pricing Type

$320 Per month

Location

Germany

Hasterisk is an advanced risk management software designed to help organizations identify, assess, and mitigate risks across various business functions. The platform offers a comprehensive suite of tools that enable businesses to evaluate potential threats, from financial and operational risks to cybersecurity and compliance risks. Hasterisk’s intuitive dashboard allows users to visualize risk d... Read more about Hasterisk

Free Trial

Available

Pricing Type

$10 Per month

Location

France

AllVulns is a comprehensive risk management software designed to help organizations identify, assess, and mitigate security vulnerabilities and risks. The software offers a centralized platform for managing cybersecurity risks, enabling users to scan their networks, applications, and systems for potential vulnerabilities. AllVulns provides detailed reports and prioritizes vulnerabilities based on ... Read more about AllVulns

Free Trial

Available

Pricing Type

$10000 Per year

Location

United States

SmartPrev is a robust risk management software designed to help organizations proactively identify, assess, and mitigate risks across various sectors. The platform provides tools for risk identification, impact analysis, and risk mitigation planning, enabling businesses to address potential risks before they escalate into larger issues. SmartPrev allows for the creation of risk management framewor... Read more about SmartPrev

Free Trial

Available

Pricing Type

Contact Vendor

Location

United Kingdom

EasyGRC is a powerful risk management software designed to help organizations identify, assess, and mitigate risks in real time. The platform offers tools for tracking compliance, managing incidents, and generating reports, making it easy for businesses to stay on top of regulatory requirements and internal controls. EasyGRC provides customizable dashboards, enabling users to monitor risk metrics ... Read more about easyGRC

Free Trial

NA

Pricing Type

Contact Vendor

Location

Austria

Salama is a powerful construction management software solution that helps construction companies plan, execute, and monitor their projects efficiently. This platform integrates project management, scheduling, budgeting, and resource allocation into one centralized system. Salama provides tools for real-time collaboration, allowing project teams, subcontractors, and clients to stay connected and up... Read more about Salama

Free Trial

Available

Pricing Type

$1000 Per month

Location

Australia

HCSGI is an innovative quality management software solution designed to streamline and automate quality assurance processes for businesses in various industries. With its robust suite of features, HCSGI helps organizations maintain compliance, reduce errors, and improve operational efficiency. The software offers tools for tracking and managing quality audits, non-conformances, and corrective acti... Read more about HCSGI

Free Trial

NA

Pricing Type

Contact Vendor

Location

Brazil

IsoComplete is a comprehensive compliance software solution designed to help businesses meet ISO standards and ensure adherence to regulatory requirements. The platform provides tools to manage audits, document control, risk assessments, and corrective actions, ensuring that businesses can efficiently maintain compliance across multiple standards, including ISO 9001, ISO 14001, and ISO 45001. IsoC... Read more about IsoComplete

Free Trial

NA

Pricing Type

Contact Vendor

Location

Ireland

avoided.io is a chargeback management software that helps businesses reduce the financial impact and operational strain caused by chargebacks. This software leverages machine learning and AI to analyze transaction data and identify potential chargeback risks, providing early warnings and recommendations for preventative actions. avoided.io streamlines the chargeback management process by automatin... Read more about avoided.io

Free Trial

NA

Pricing Type

$10 Per month

Location

United Kingdom

Enterprise risk management platform with structured measurement, mitigation, and risk treatment guided by scientific metrics.

Comparion® by Expert Choice is a collaborative decision-making software powered by the Analytic Hierarchy Process (AHP). It helps organizations structure complex decisions, prioritize objectives, and run sensitivity analyses to explore trade-offs. With features like transparent collaboration, scenario modeling, and resource optimization, Comparion improves alignment, speeds up decision processes... Read more about Riskion

Free Trial

7 Days

Pricing Type

Contact Vendor

Location

United States

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