Risk Cloud

The software tool is very flexible for creating data structures and workflows. Our assigned administrators are empowered to create or modify many aspects of the tool for our own purposes and needs. This includes adding users with specific roles and access levels, modify data structure, modify workflows, change screen layout formats, and add notification jobs. The tool reports can show visual and table outputs for data analysis of content in many ways and can be exported out as well.

As LogicGate is relatively new company, this software tool has a few minor limitations for our specific needs. These limitations have been easily worked around with different options for solving, and LogicGate has already added many features that companies have requested. The company and software continues to grow and expand with periodic release updates and additional functionality.

As an organisation we did not have any risk management solution in place before working with Risk Cloud. The easy of the system for both admins and users has made the integration of the system into the business efficient and effective as we have used terms that the business are familiar with. The flexibility to make changes quickly when issues are identified gives users and management a lot of confidence in the system. The ability to make links between all the modules that you purchase has been fantastic as it demonstrates to all users that audits, control, risks, incidents and business continuity for example have impacts of each other. It is great that you can pick and choose which modules that you require but the downside is that each module comes with a hefty implementation fee if your Power Users/admin are not yet up to speed with all the build elements.

The only thing which I believe is missing is a greater understanding of the Financial Conduct Authority which is only applicable to financial services in Great Britain. As an American company this is understandable, I'm just jealous when I see the support for new regulation in the US.

Personally, I love the customization ability within the LogicGate tool. I am able to build, grow, and edit the various different applications within the tool as I see fit. If the default, out of the box apps don't work for me, I can change them myself. I can also create my own reporting tools easily, and can show my leadership exactly what I want to show them.

Compared to competitors, this tool my take some time to learn if you want to customize it; however, you ARE able to build the tool how you want to. You are not reliant on LogicGate and their staff to make changes that are important to you.