Active Risk Manager and Convercent offer distinct approaches to risk management and compliance solutions, competing in scope and focus areas. Active Risk Manager seems to have the upper hand due to its detailed risk analytics and reporting capabilities.
Features: Active Risk Manager includes advanced risk assessment tools, scenario analysis, and extensive reporting options. Convercent stands out with a strong focus on compliance and ethics management, hotline capabilities, and policy management.
Ease of Deployment and Customer Service: Active Risk Manager presents a robust implementation process with a focus on integrated risk management. Convercent offers a streamlined deployment model tailored to compliance initiatives and is noted for responsive customer service.
Pricing and ROI: Active Risk Manager involves higher upfront costs reflective of its comprehensive analytics tools, whereas Convercent presents more accessible pricing aligned with compliance-driven functionalities. Convercent delivers strong ROI through improved cultural outcomes, while Active Risk Manager is valued for its risk prevention and mitigation.
| Product | Market Share (%) |
|---|---|
| Active Risk Manager | 1.5% |
| Convercent | 0.8% |
| Other | 97.7% |
Active Risk Manager offers comprehensive risk management solutions tailored to knowledgeable professionals. It provides a structured platform to identify, assess, manage, and report risks effectively, enhancing decision-making and operational resilience.
Active Risk Manager addresses diverse business challenges with its robust features, supporting businesses in mitigating potential risks and maximizing opportunities. Known for its adaptability, it integrates seamlessly into business processes, helping organizations navigate complex risk landscapes. With its focus on proactive risk management, Active Risk Manager ensures that companies can anticipate and adapt to changing risks, thereby safeguarding their strategic objectives and daily operations.
What are the most important features of Active Risk Manager?Active Risk Manager is applied across industries like finance, healthcare, and manufacturing, where it supports compliance and risk mitigation efforts. In finance, it helps manage strategic and operational risks, while healthcare uses it to address patient safety and data protection concerns. Manufacturing relies on it to ensure safety and supply chain resilience.
We offer comprehensive and integrated compliance management, reporting, and analytics. A 360-degree view of compliance drives efficiency by aligning initiatives and data into a single dashboard.
Our compliance software is for any organization that wants to put compliance into the driver’s seat of business strategy (without having to reinvent the compliance wheel). We partner with our clients to create the smartest and easiest path to success.
Convercent integrates the management of corporate compliance risks, cases, disclosures, training and policies. With hundreds of customers in more than 130 countries—including Philip Morris International, CH2M Hill and Under Armour—Convercent’s award-winning GRC solution safeguards the financial and reputational health of your company.
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