“Does anyone have experience of specific risk management software used to manage the risk register and generate reports/updates etc?”
The software I’ve looked at would cost £40k – £50k (too expensive) so we just use Excel / Powerpoint . SAP are coming to demo their risk application next month, but it will probably be too expensive. These applications are more appropriate where organisations want to track hundreds of risks, rather than the 130 on our register.
We looked into this issue at the inception of our Risk Committee and asked around at a number of FTSE companies and some banks. The view we reached was that there is a lot of
We have experimented with such systems but abonded them in favour of Excel spreadsheet. However, it is expected that position will be reviewed in 12-18 months time.
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