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LogicManager
ListedEnterprise Risk Management (ERM) software that helps organizations identify, assess, manage, and monitor risks.
Detailed overview
## Overview
LogicManager provides Enterprise Risk Management (ERM) software designed to integrate risk management processes across an organization. The platform aims to connect daily risk activities with strategic goals, business performance, and board-level oversight. It offers tools for identifying, assessing, and mitigating risks, with a focus on breaking down departmental silos. LogicManager emphasizes a risk-based approach to Governance, Risk, and Compliance (GRC), seeking to move beyond minimum compliance standards to drive business performance.
The company's approach includes a Risk Maturity Model (RMM) that aligns with frameworks such as COSO, ISO, NIST, and OCEG. This model is intended to provide a structured view of an organization's ERM maturity. LogicManager also incorporates AI-powered tools, referred to as Risk Ripple Analytics, to help identify hidden risks and predict potential ripple effects across the organization. The platform supports unlimited users with role-based access controls, aiming to facilitate collaboration while maintaining clear lines of responsibility.
## Key Features
* **Enterprise Risk Management (ERM) Platform:** A centralized system to manage risk activities, connecting them to strategic objectives and business performance.
* **Risk Maturity Model (RMM):** A framework for measuring and improving ERM maturity, aligned with industry standards like COSO, ISO, NIST, and OCEG.
* **Risk Ripple Analytics:** AI-powered tools designed to uncover hidden risks, boost cross-departmental collaboration, and predict cascading risk effects.
* **Risk Assessment and Mitigation Planning:** Features for identifying and scoring risks against standardized criteria, aggregating results for an enterprise-wide view, and developing actionable mitigation plans.
* **Role-Based Access Controls:** Supports unlimited users with customized access to foster engagement across various organizational levels while maintaining segregation of duties.
* **No-Code Configuration:** Allows for customization of the platform without requiring programming knowledge.
## Who It's For
LogicManager is designed for organizations seeking to implement or mature their Enterprise Risk Management programs. This includes businesses looking to:
* Integrate disparate risk management efforts into a single, holistic platform.
* Improve oversight and assurance for board-level reporting.
* Enhance collaboration and communication regarding risks across departments.
* Move beyond basic compliance to a more proactive, performance-driven risk management strategy.
* Organizations that require a structured approach to risk assessment, mitigation, and monitoring, aligning with established risk management frameworks.
## Notable Strengths
LogicManager's fixed-price model and "Jobs-to-be-Done" (JBTD) licensing model aim to provide cost predictability and focus on specific business outcomes rather than user seats or unused features. The company offers a 90-Day Unconditional Satisfaction Guarantee, indicating confidence in its solution. LogicManager also provides dedicated support through an Advisory Analyst from initial setup through long-term growth, including guided onboarding and best-practice consulting. The platform's emphasis on breaking down silos and connecting risk activities to strategic goals is a core strength, aiming to provide a comprehensive view of organizational risk.
Website link is available on the Verified plan
