Financial Risk Management Software

TrustRadius Top Rated for 2024

Top Rated Products

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1
FloQast

FloQast offers their financial close software to streamline accounting month end close, simply providing automation around reconciliation and eliminating human error, and visibility via a close status dashboard, as well as providing a complete audit trail.

2
Cube

Cube is a financial planning & analysis (FP&A) platform that aims to enable finance teams to be more strategic and positively contribute to company growth activities by spending less time on manual, repetitive task, from Cube Planning headquartered in New York.

3
D&B Finance Analytics

D&B Finance Analytics is a global credit-to-cash solution that provides Dun & Bradstreet data, analytics, and technology to help improve cash flow, increase operational efficiency, and mitigate risk. This AI-driven solution comprises two platforms – D&B Credit Intelligence…

All Products

(1-25 of 206)

1
D&B Finance Analytics

D&B Finance Analytics is a global credit-to-cash solution that provides Dun & Bradstreet data, analytics, and technology to help improve cash flow, increase operational efficiency, and mitigate risk. This AI-driven solution comprises two platforms – D&B Credit Intelligence…

2
FloQast

FloQast offers their financial close software to streamline accounting month end close, simply providing automation around reconciliation and eliminating human error, and visibility via a close status dashboard, as well as providing a complete audit trail.

3
Cube

Cube is a financial planning & analysis (FP&A) platform that aims to enable finance teams to be more strategic and positively contribute to company growth activities by spending less time on manual, repetitive task, from Cube Planning headquartered in New York.

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4
Kyriba

Kyriba empowers CFOs, Treasurers and their IT counterparts to transform liquidity as a dynamic, real-time vehicle for growth and value creation. Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands…

5
Treasury Intelligence Solutions (TIS)

TIS helps CFOs, Treasurers, and Finance teams transform their global cash flow, liquidity, and payment functions. Since 2010, the cloud platform and service model have supported the office of the CFO to collaborate and attain efficiency, automation, and control. By streamlining…

6
LivePlan

LivePlan is business plan software for entrepreneurs. Features include the pitch creation, sample plans, financial assessments, and performance dashboards.

7
MindBridge Platform

MindBridge Ai Auditor is an AI powered auditing & financial risk assessment platform, from the company of the same name in Ottawa.

8
FactSet

FactSet is a provider of financial data and analytic applications for investment management and investment banking professionals.

9
CGI HotScan360

CGI offers HotScan360, a fraud detection and financial risk management application for financial institutions, with included reporting and analytics.

10
NameScan

NameScan, a member of the Neurocom group, is based in Australia and provides a publicly accessible online service which enables users to check the names of individual persons or companies instantly, against the Dow Jones Watchlists, which the vendor presents as the most detailed…

11
Experian Account & Portfolio Management

Experian's Account and Portfolio Management solution leverages data, analytics, models and attributes to maintain portfolio stability and drive account profitability.

12
Experian Credit Risk

Experian Risk Management helps lenders understand the aggregate risk, create appropriate credit risk policies and products, identify and retain profitable customers and automate credit granting decisions.

13
Brixx

Brixx Software supports business financial planning, empowering companies of all sizes to navigate the intricacies of financial management with foresight. With a suite of tools and features, Brixx Software offers a holistic approach to financial planning. Key FeaturesInterface: Brixx'…

14
Predict360 by 360factors

Predict360, the flagship software solution by 360factors, is a Risk and Compliance Intelligence Platform augmented with Artificial Intelligence technology to predict and mitigate operational risks while streamlining regulatory compliance. Predict360 integrates regulations and obligations,…

15
Equifax Credit Risk

Equifax Credit Risk Insight helps lenders build models help monitor delinquency, default, loss severity and mortgage borrower credit health trends at the loan level, across zip codes, vintages and market segments.

16
ComplySci

ComplySci is a provider of regulatory technology solutions that help compliance professionals identify, manage and report on employee conflicts of interests and compliance risk activities, including personal trading, political contributions, and other violations. Founded in 2003,…

17
Clearwater Analytics

Clearwater Analytics is a provider of web-based investment portfolio accounting, reporting, and reconciliation services for institutional investors at thousands of organizations, headquartered in Boise. Clearwater aggregates, reconciles, and reports on more than $5.5 trillion in…

18
Dow Jones Risk & Compliance

The Dow Jones Risk & Compliance division combines the expertise of a multilingual team of 450 researchers and analysts with automation and artificial intelligence tools. The solution aims to deliver reliable, actionable information and applications that are developed specifically…

19
Wolters Kluwer OneSumX

OneSumX, from Wolters Kluwer, is a product line providing compliance management, risk management, and financial crime control.

20
Risk Proof

Risk Proof, a PwC Product, aims to enable organizations to act quicker to stay on top of the ever-changing world of financial risk. It streamlines risk assessments into a single platform, in order to make the entire process visual, interactive, trackable and actionable. The vendor…

21
Nitrogen Growth Platform

Nitrogen Growth Platform (formerly Riskalyze) is an investment portfolio management software platform from the company of the same name in Auburn.

22
Agreement Express

Agreement Express provides a solution to accelerate merchant boarding and drive scalable risk underwriting. The Merchant ScanXpress solution is designed for Wholesale ISOs, payment facilitators and ISVs to customize their scoring model based on their unique business needs across…

23
AuditGenius

Indecomm Global Services headquartered in New Jersey offers AuditGenius, a financial risk management tool designed to support mortgage lending and risk management and loan auditing.

24
Trovata

Trovata helps businesses automate the work it takes to gather and normalize all of its financial data. Trovata lets finance and treasury teams access, build, manage, and control their own trove of financial data – from banks, business & accounting systems, and external markets. For…

25
Charles River IMS

The Charles River Investment Management Solution (Charles River IMS) automates front and middle office processes for buy-side firms. The solution helps enable accurate and timely investment decision support for institutional and wealth managers, alternative investment firms, insurers…

Videos for Financial Risk Management Software

Financial Risk Management Explained In 5 Minutes
05:06
Ryan O'Connell, CFA, FRM explains the Financial Risk Management profession. Covering the history of Financial Risk Management events and regulations, the degrees and certifications that financial risk managers and financial risk analysts have, and the areas in which profession...
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Learn More About Financial Risk Management Software

What is Financial Risk Management Software?

Financial risk management software identifies, measures, and models risk in financial decisions, and often enables risk mitigation within those decisions as well. These tools enable lenders to meet regulatory requirements via robust reporting and improve the business’s credit risk models. These tools are designed to handle a wide range of financial risk types within balance sheets, including market risk, credit risk, and risk associated with specific “what if” deal scenarios.

In assessing loan risk, it's important to have all relevant customer data to hand to assist in making a decision. Many credit risk management tools draw on public records and multiple proprietary data sources to provide an understanding of the risk, scoring, profitability potential and creditworthiness of customers and prospects.

Risk Management and Regulatory Compliance

The main benefits of financial risk management software is to maintain regulatory compliance and mitigate financial risk in decision-making. Financial risk management software is particularly adept at the regulatory compliance aspect of financial risk due to native reporting capabilities that can automate many of the processes and reporting necessary in financial risk audits. This automation and process streamlining both saves time and reduces the chances of human error in complex, high-stakes reporting.

Financial risk management software also helps businesses be aware of and mitigate financial risk itself. Some tools focus on giving visibility into what kind of risk is associated with specific deals, market states, or or financial decisions. Others will proactively offer suggestions on how to handle or mitigate said risks, or tie the risk assessment into broader financial decision-making structures. However, the entire spectrum of tools help mitigate the damage that can come from unrealized or unplanned-for financial risk.

Financial Risk Management Software Comparison

When comparing different financial risk management software, consider these factors:

  • Integrations: Consider how frictionless the integrations are with the business’s accounting, ERP, and other core financial systems. Integration demos and reviews of certain tech stacks will likely give the best insights into how robust and efficient each integration is.
  • User-Friendly: How easy to use is the platform? User-friendliness is important to consider in financial systems not just for the sake of the user’s experience. Clear, easy-to-use systems help avoid costly errors, particularly in complex processes like financial modelling and risk auditing.

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Frequently Asked Questions

How is financial risk management software used?

Financial risk management software models the risk associated with various financial decisions, credit states, and market environments and helps businesses mitigate and plan for said risk.

Who uses financial risk management software?

Financial risk management software is most commonly used by financial services and institutions, although some large enterprises can also benefit from a standalone financial risk management tool.

What are the benefits of financial management software?

Financial management software helps organizations stay compliant with regulations surrounding financial risk, as well as helping businesses mitigate their financial risk and improve credit ratings in some cases.