GOAT Risk

Avantages

- Ease of use
- Pricing model
- Tips in the system of how to get more out of the software

Inconvénients

In some ways, it's simplistic nature can be a limitation. But overall, in a generally immature risk environment the simple nature allows for greater adoption making it accessible to non risk experts

Avantages

It sits on top of our existing reporting and does not add to the workload by creating a seperate standalone system

Inconvénients

The hardest part is not the system but the education of users to understand how to use it. We had a lightbulb moment where we nailed down the interaction between the register and the other reporting so that it was fed from the other reports rather than competed with them.

Avantages

Easy of use, interactive and an exceptional GUI. Quality Product.

Inconvénients

Would like the analysis to be displayed in a BowTie format. Needs AI integration

Alternatives envisagées 

Pourquoi choisir GOAT Risk 

Logiciel antérieur 

Pourquoi passer à GOAT Risk

Avantages

GOAT risk helped us (within an EMI regulated environment) to bring our Business wide Risk assessment to the next level. It helped us to work on a consistent basis, and focus on the right risk items - and risk mitigating factors.

Inconvénients

Noting - the tooling works great for us, no comments.

Alternatives envisagées 

Pourquoi passer à GOAT Risk

Avantages

The ease for all people throughout the company to use the product and update the risks. Whether they are risk professionals or new to risk management.

Inconvénients

More information could be displayed on the screen but instead there are blank spaces.

Avantages

Affordable and easy to use. Great support too

Inconvénients

Nothing to mention that had any significant impact

Avantages

This is a great piece of software that has helped us engrain risk management in our decision making and helped our reporting requirements to committees that run/govern our organisation.

Inconvénients

We are happy overall with this software.

Avantages

Whilst GOAT is set up with a standard configuration, the flexibility to revise and adapt the system to meet your own specific needs is a major plus!

Inconvénients

My only minor criticism of the system relates to the reporting module which does not have the facility to output into Word or Powerpoint; in my eyes this would be beneficial.

Avantages

The GOAT Team are continuously improving he product based on feedback

Inconvénients

Formatting issues with text input sometimes impacts reporting tools

Avantages

Simple, effective what it does, and well priced.

Inconvénients

I think GOAT risk is very well suited for what is does and its market positioning.

Avantages

The Software GOAT Risk Management offers an attractive user environment. The integrated risk assessment and selection of control measures work excellently. Additionally, the control matrix functionality provides a clear overview of the implemented control measures. In summary, it’s a valuable tool for effective risk management!

Inconvénients

While GOAT Risk offers an easy-to-use platform for risk management, there are some limitations in its reporting capabilities. Improving the reporting functionality could enhance the overall user experience and provide even better insights for decision-makers.

Avantages

OUT THE BOXStraight out of the box this tool is packed full of customisable features that allow you to manipulate the tool to fit seamlessly into well established risk management processes and procedures and instantly take you away from endless spreadsheets. Within 15 minutes I had our current risk assessment template configured in the software and was inputing data to test out how reports would export.TEMPLATESThe templates feature allowed me to push the customisation to not only include Open, Accepted, and Closed risk registers as well as risk assessment processes, but I could also utilise the customisable templates to create Remedial Action Plans to track actions from Audit and IT Health Check reports, Third Party Risk Registers to track security assessments carried out on partners and suppliers along with any incidents that may have an impact on their overall risk rating, and even Continual Service Improvement Plans to track progress on improvement projects. REVIEWING AND UPDATINGAll actions/risks are assigned to someone and the simple notification email including a link that takes the owner straight to the update section is so useful and increases risk engagement from none risk team members exponentially. This is invaluable, and due to the way that GOAT has been developed requires no configuration other than adding the users email address.

Inconvénients

Dashboards have fairly limited customisation in comparison to every other feature in the tool.

Avantages

1. Easy to use for all layers of the business. this is a massive pro as it increases the awareness and visibility when conducting Risk Assessments.
2. The System provides fantastic reports which transport data from a profile to an easy to understand compound sheet helping the executive teams understand the risk data and take correct actions.
4. The interaction created through this tool helps create a stronger bond between risk functions and those risk owners - GOAT helps articulate Risk Management in a non-complicated manner

Inconvénients

The ability to aggregate themes i.e., number of people risks identified in all profiles, or IT risks identified in all profiles. This would allow us to see those areas which have a number of risks associated to deep dive into the issues at hand. This has to be done manually at the moment but is still feasible to do with some guidance form the GOAT Team. other than that, there are no cons with this product

Avantages

The ability to simplify risk management, allocate to users and move away from spreadsheets!

Inconvénients

Some admin work can be 'clunky' but [sensitive content hidden] and the team have been incredibly responsive in taking on feedback and developing solutions!

Avantages

Mostly intuitive and user friendly.
Lets us choose who to give access to which risks.
Range of reports.

Inconvénients

You can't customise the reports to deliver what we need for our committees. For example, would be good to have a report which ranks the risks based on the gap between the net and the target risks.
There are a few features that are not intuitive - for example, to save a report to your computer, you need to click on 'print' and to replace a user with a different user who is going to take on all of their risks, it is hard to find.

Avantages

value for money. Very easy going company. Easy to setup (does take only a few hours)

Inconvénients

It is almost to easy to do business with them when you are part of a multinational and you have stakeholders like a legal and IT department.

Avantages

Simple to use online system that allows us to focus on the content of the risk register rather than the administration.

Inconvénients

The heat map can be a little messy with a lot of risks, but it's a lot easier than trying to produce in Excel or similar.

Avantages

The dashboard, functionality, and the reports.

Inconvénients

Would suggest more tips/examples around KPIs and the ability to attach documents.

Avantages

Customisation
Seems simple to use
Quite intuitive

Inconvénients

You don't know what you don't know, so if you're unfamiliar with Risk Management, it can be time consuming as you test the platform out.
Creating appropriate KRI can be challenging.
There's not a lot of depth to the tutorials. Being in the southern hemisphere, I'm reliant on the tutorials to provide quick answers.
No archive system for eliminated or obsolete risks. The response to create another profile for archiving means an escalation in cost from $600 to $1800 per annum.

Avantages

Very easy to use, setup and understand. Very, very low cost. Has a sleek look with a simple drag and drop heatmap. Includes tutorials and tips for users and has great customer service too.

Inconvénients

Does not include some of the advanced cyber protections and cyber integrations we would like. The report functions could be improved (formatting and layout wise).

Avantages

What we like about GOAT Risk is the ease of use. It very user-friendly at a very reasonable price. We can also customize the system according to the business needs. Now we have one single source of truth as we can easily see per departments risk register.

Inconvénients

I just experience system glitch during the customization stage but it was resolved by the Dev Team.

Consider also adding more than one system administrator.

Avantages

Ease of implementation and customer support.

Inconvénients

At lower levels reports aren’t as in depth as you would like.

Avantages

The setup was painless and the ease of use in general is very good.

Inconvénients

None comes to mind. It was however slightly difficult at the outset to draw reports and to customize reports.

Avantages

We are a mid-sized personal lending company and GOAT Risk is perfect for our needs.

We need a platform to regularly assess, manage and monitor our Enterprise Risks and Incidents and GOAT is exactly the solution we were after.

GOAT is industry-agnostic and could be utilised by a number of companies - I would highly recommend, especially if you do not require a fully integrated ERM/GRC system.

Inconvénients

Certainly not a con, although the navigation of reporting is not quite as agile as I would like, however this is a very minor drawback.

Avantages

Goat Risk is simple to use and easy to deploy.

Inconvénients

Email alert / workflow lacks detail needed to engage users without other prompts