Best Risk Management Software For Small Business

The best risk management software for small business is worth considering only once a spreadsheet has stopped working, and it is honest to say a spreadsheet often works.

It stops working at recognisable points. Nobody has opened it in a year. Risks have owners who left. Controls are described as intentions rather than things that exist. Actions were agreed and never closed. Or somebody asks what you knew about a hazard and when, and the file has no history.

Those are all maintenance failures rather than capability failures, and a system helps because it makes maintenance visible. Review dates that fall due. Owners who get reminded. Actions that stay open until closed.

If your spreadsheet is genuinely reviewed and current, keep it and spend the money elsewhere.

Safe Work Australia covers the duty to manage risks. This is general information rather than legal advice, and obligations vary by state and territory.

See Sentrient’s risk management system and GRC system.