RiskSmart is a risk management platform that centralizes risk registers, compliance documentation, and policy management for SMEs, eliminating the inefficiencies of spreadsheets and manual processes. By automating the risk cycle, it enhances visibility and collaboration, allowing businesses to save up to 120 days annually on reporting and maintain compliance with regulatory requirements.
Funding
$1.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) often struggle with inefficient risk management processes, relying on spreadsheets and manual methods that lead to data silos and hinder collaboration. This makes it difficult to maintain compliance with evolving regulatory requirements and gain a comprehensive view of organizational risks. The lack of centralized systems results in wasted time and potential exposure to unforeseen liabilities.
Solution
RiskSmart is a Governance, Risk, and Compliance (GRC) platform designed to centralize risk registers, compliance documentation, and policy management, enabling SMEs to automate their risk cycle and improve overall resilience. The platform provides a single source of truth for all risk-related data, enhancing visibility and facilitating collaboration across teams. By eliminating manual processes and streamlining reporting, RiskSmart helps businesses save time, maintain compliance, and make more informed decisions. The platform offers a user-friendly interface and pre-made policy templates to simplify risk management for organizations of all sizes.
Target Audience
RiskSmart primarily targets risk professionals at small and medium-sized enterprises (SMEs) seeking to streamline their GRC processes, improve compliance, and gain better visibility into organizational risks.
Features
- Centralized risk registers for identifying, assessing, and tracking risks
- Reporting suite with customizable dashboards and visualizations
- Issues and actions management for tracking remediation efforts
- Digital gap analysis to identify compliance gaps
- Obligation mapping to link regulatory requirements to specific controls
- Compliance testing register for documenting testing activities
- Policy storage hub for managing and distributing policies
- Real-time notifications for policy updates and compliance deadlines