Risk management
that actually gets done.

Risk management software is a platform that helps organizations systematically identify, assess, treat, and monitor risks. Core capabilities: central risk register, scoring methodology (qualitative and/or quantitative), treatment and owner tracking, heatmaps for visualization, scheduled reviews, and executive reporting. Good platforms link risks to controls and evidence, and map to compliance frameworks (ISO 27001, DORA, NIS2, SOC 2).

ISO 31000 is the general risk management standard — applicable to any risk type (strategic, operational, financial, information security). ISO 27005 is the specialization for information security risks, used within an ISO 27001 ISMS. A modern risk management platform covers both: ISO 31000 as the framework, ISO 27005 for IT security risks. Matproof additionally maps DORA ICT risks and NIS2 cybersecurity risks as native taxonomies.

Three approaches: (1) Qualitative — low/medium/high scales for likelihood × impact. Simple but subjective. (2) Semi-quantitative — numerical scales (1-5) with weighted scoring. Most common for mid-market. (3) Quantitative — monetary impact in EUR, statistical distributions (Monte Carlo, FAIR methodology). Advanced and data-intensive. Matproof supports all three, so you can score different risk categories with the appropriate method.

Both regulations require structured risk management: DORA Article 6 mandates an ICT risk management framework. NIS2 Article 21(1) requires risk analysis and information security policies. The requirements overlap 70-80%. An integrated risk management platform handles both frameworks from a single data foundation and prevents duplicate risk registers. Cross-framework mapping shows which risks are simultaneously DORA- and NIS2-relevant.

Wide range. Enterprise solutions (MetricStream, SAP GRC Risk Management, Archer) cost $50k-500k/year plus heavy implementation. Mid-market cloud tools run $500-3,000/month. Matproof combines risk management with compliance and ISMS in one license — eliminating the overhead of separate tools. Typical ROI: 70-85% less manual work compared to spreadsheet-based risk registers.

ISO 31000 and 27005 recommend structured review cycles: quarterly for critical risks, semi-annually for medium, annually for low. Add ad-hoc reviews for material changes (new systems, org restructuring, external events like ransomware waves). Matproof automates review reminders and shows which risks are overdue on the dashboard.

For effective risk management these systems should be connected: identity provider (Okta, Entra ID) for access risks, cloud platforms (AWS, Azure, GCP) for infrastructure risks, ticketing (Jira, ServiceNow) for treatment tracking, HR systems for personnel risks, ERP systems for financial exposure. Matproof offers 40+ pre-built integrations plus an open API.

EU-hosted in Frankfurt — your risk data never leaves the EU. No GDPR Transfer Impact Assessment overhead. Native German-speaking support. Built-in mappings for European frameworks (NIS2, DORA, EU AI Act, BSI C5, TISAX) that US-hosted competitors treat as afterthoughts. And we dual-map risk controls to SOC 2 Trust Services Criteria when you need the US-enterprise attestation.