Best Free Risk Management Software

Free Risk Management Software is designed to help businesses identify, assess, and mitigate potential risks effectively. With a Free Risk Management System, organizations can proactively manage risks related to finance, operations, compliance, and security, ensuring smoother decision-making and better business outcomes. These Free Risk Management Tools enable companies to assess risk levels, implement mitigation strategies, and monitor ongoing risk factors in real-time. A Free Risk Management Platform is especially valuable for small to medium-sized businesses, offering an affordable solution to manage risk without the need for complex and costly systems. By adopting a Free Risk Management Solution, businesses can reduce potential losses, improve compliance, and ensure better preparedness for unexpected events. Explore the best free risk management software to safeguard your business and enhance operational resilience today! 

Note: Most of the products listed in this free risk management software category offer free trial versions, though they have restrictions like time limits, fixed number of users, or limited features. For more options and features, compare and evaluate all-time risk management software to find the best fit for you.
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List of Top Free Risk Management Software

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Annual Subscription

One-Time Payment

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Small Business

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Enterprise

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

Pricing Type

Contact Vendor

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

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

Free Trial

Available

Pricing Type

Contact Vendor

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

Contact Vendor

Location

Germany

SolarWinds Service Desk

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

Contact Vendor

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

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

Access Rights Manager is an advanced compliance software designed to streamline and secure the management of user access rights within organizations. It offers a comprehensive platform for controlling, monitoring, and auditing access permissions to critical systems and data with precision and ease. Access Rights Manager features intuitive user provisioning tools, automated access workflows, and re... Read more about Access Rights Manager

Free Trial

Available

Pricing Type

$3444 Per feautre

Location

United States

Carbonite is a cloud-based backup software solution designed to protect businesses' critical data from unexpected loss due to hardware failure, cyberattacks, or natural disasters. The software automatically backs up files, folders, and entire systems to secure off-site cloud storage, providing peace of mind in the event of a disaster. Carbonite offers several backup options, including personal and... Read more about Carbonite

Free Trial

Available

Pricing Type

$4.92 Per month

Location

Canada

UpGuard is a cybersecurity software designed to help businesses protect their digital assets and manage their security posture. The platform offers tools for monitoring IT infrastructure, identifying vulnerabilities, and managing third-party risks. UpGuard’s continuous monitoring capabilities provide real-time insights into security risks, enabling businesses to take proactive measures to preven... Read more about UpGuard

Free Trial

Available

Pricing Type

$29 Per user

Location

United States

ManageEngine Log360 is a comprehensive network monitoring and security information and event management (SIEM) solution designed to help organizations detect, respond to, and mitigate security threats in real time. The software aggregates logs from various network devices, servers, applications, and databases to provide a unified view of network activity. ManageEngine Log360 offers powerful analyt... Read more about ManageEngine Log360

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

ManageEngine DataSecurity Plus is a comprehensive data discovery software that helps businesses protect sensitive data by providing detailed insights into where and how data is stored, used, and accessed. The software scans file systems, servers, and cloud storage to identify and classify sensitive information, including personal data, financial records, and intellectual property. With its powerfu... Read more about ManageEngine DataSecurity Plus

Free Trial

Available

Pricing Type

$745 Per user

Location

United States

FileAnalysis is a specialized vulnerability management software that helps organizations identify, assess, and mitigate security risks in their files and systems. It scans your entire IT infrastructure to detect vulnerabilities, such as outdated software, weak security configurations, and sensitive data exposure, providing a detailed report of potential threats. The software classifies risks based... Read more about FileAnalysis

Free Trial

Available

Pricing Type

$95 Per year

Location

United States

Lookout is an advanced cybersecurity software solution designed to protect mobile devices and sensitive data from evolving cyber threats. This platform offers comprehensive security features, including malware detection, data encryption, and secure browsing, ensuring users can operate safely in today’s digital landscape. Lookout’s user-friendly interface makes it easy for individuals and organ... Read more about Lookout

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

D&B Finance Analytics is a cutting-edge financial risk management software that provides businesses with tools to assess, manage, and mitigate financial risks. With powerful data analytics and real-time monitoring capabilities, the software enables companies to make informed decisions and optimize their financial strategies. D&B Finance Analytics delivers comprehensive insights into key financial ... Read more about D&B Finance Analytics

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

Wrike

Versatile & Robust Project Management Software

Wrike, a dynamic project management platform, revolutionizes team collaboration with its user-friendly features. Designed for simplicity, Wrike empowers teams to plan, track, and manage projects seamlessly. The platform's customizable dashboards offer real-time insights, enhancing decision-making processes. Wrike's flexibility adapts to various work styles, making it suitable for diverse teams and... Read more about Wrike

Free Trial

14 Days

Pricing Type

$9.80 Per month

Location

United States

Enablon Risk Management is a powerful software solution designed to help organizations identify, assess, and mitigate risks across their operations. This comprehensive platform provides tools for risk assessment, incident management, and compliance tracking, ensuring that businesses can effectively manage their risk exposure. With Enablon, users can create risk profiles, establish risk mitigation ... Read more about Enablon Risk Management

Free Trial

Available

Pricing Type

$50000 Per user

Location

United States

Core Impact is a risk management software solution designed to help businesses identify, assess, and mitigate security risks across their systems and networks. The platform provides a comprehensive approach to vulnerability assessment by simulating real-world attacks to identify potential weaknesses in infrastructure. Core Impact offers tools for penetration testing, network scanning, and threat a... Read more about Core Impact

Free Trial

Available

Pricing Type

$9000 Per user

Location

United States

Synergi Life is an advanced environmental, health, and safety (EHS) management software designed to help organizations streamline compliance and risk management processes. This comprehensive platform enables businesses to track incidents, manage audits, and monitor regulatory requirements effectively. With its user-friendly interface, Synergi Life allows teams to collaborate on safety initiatives ... Read more about Synergi Life

Free Trial

Available

Pricing Type

Contact Vendor

Location

Norway

Deltek PPM is a comprehensive project management software designed to help organizations plan, manage, and execute complex projects with ease. The platform offers tools for task scheduling, resource allocation, budgeting, and performance tracking, all within a user-friendly interface. Deltek PPM supports both agile and traditional project management methodologies, making it flexible for various in... Read more about Deltek PPM

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

Unitrends Backup is an advanced data management software designed to provide comprehensive backup, disaster recovery, and data protection for businesses of all sizes. The platform supports a wide range of data environments, including physical, virtual, and cloud-based systems, ensuring that critical data is always secure and recoverable. Unitrends Backup offers automated backup scheduling, dedupli... Read more about Unitrends Backup

Free Trial

Available

Pricing Type

$349 Per feautre

Location

United States

ZeroFOX is a leading social media monitoring software that specializes in detecting and mitigating online security threats, enabling organizations to safeguard their digital presence. With ZeroFOX, businesses can proactively monitor social media platforms, websites, and other online channels for potential risks, including brand impersonations, phishing attacks, cyber threats, and disinformation ca... Read more about ZeroFOX

Free Trial

Available

Pricing Type

$99 Per feautre

Location

United States

Domino Enterprise MLOps Platform is a powerful machine learning software designed to help organizations manage their machine learning workflows effectively. It provides a comprehensive suite of tools for model development, deployment, and monitoring, enabling data scientists to collaborate efficiently and accelerate model delivery. With its user-friendly interface, the platform allows users to eas... Read more about Domino Enterprise MLOps Platform

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

Netwrix Auditor

IT Audit Software from Netwrix

Netwrix Auditor is a high-quality software to enhances cybersecurity and streamline information security & compliance for organizations. Acting as a centralized platform, Netwrix Auditor provides detailed visibility into IT infrastructures, helping businesses monitor user activity, detect security threats, and ensure compliance with various regulations. The software enables real-time monitoring, a... Read more about Netwrix Auditor

Free Trial

15 Days

Pricing Type

Contact Vendor

Location

United States

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