Content
Allgress Insight Risk Management Suite (IRMS) 7
Allgress Insight Risk Management Suite (IRMS) uses automation to help organizations manage business objectives and keep pace with rapid changes in compliance mandates. Its feature-rich platform helps minimize risk with cost-effective integrated audit, risk and compliance capabilities. This solution automates end-to-end risk management process for on-premise, cloud and hybrid environments by leveraging APIs, bots and artificial intelligence. IRMS is differentiated from other solutions in terms of time-to-value, usability, simplicity and affordabilityUpdates included in
version 7 are vast: a completely redesigned UI and navigation, full risk
exception life cycle management, risk assurance, a new reporting wizard and
metrics platform, third-party integrations and smart surveys with skip logic,
and much more.Version 7 has also
streamlined the entire process of reviewing risk items and approving steps. Once
approval is granted at one level, it is automatically passed to the next level.
If an item is rejected, it gets sent back to the requester. Assessments,
remediations, reviews, and approvals can all be tracked in the Findings
section. This area is configurable and has a new module nested within it, the
Exceptions module, where policy and rule exceptions can be set. Policies are
published in Exceptions and then tracked in Findings.IRSM supports
vulnerability scanner integrations to ingest and aggregate data for reporting
purposes. Reports have role-based capabilities and are assigned to certain
individuals for controlled access. All reports can be imported into
customizable dashboards that can be published to control owners. The solution
offers a variety of robust out-of-the-box options, including more than 90
standards, 150-plus reports, more than 350 mappings and in excess of 35
integrations to assist in achieving full and comprehensive policy management.
The Standards Mapping
Table is another way to view aggregated data. It shows standards and frameworks
mapped back to risks with detailed information for a comprehensive view of risk
and compliance. Frameworks and standards can be imported via XML; however,
customers also can choose to upload their own.The company is
completely focused on integrated risk management with a modular architecture so
organizations of all sizes can leverage this product.Starting price for a
medium-sized company is $19,500; however, eight modules with flexible pricing
based on five company-sized bands and annual company revenue are offered to
ensure clients can ease their way into the solution. Telephone and email
support are 8/5 and come standard with any subscription. All support includes
updates, features enhancements, website support, knowledgebase and FAQs. 24/7
support is available at an additional charge.Tested by Matthew HrebenProduct title
Allgress Insight Risk Management Suite (IRMS) 7
Product info
Vendor: Allgress
Price: Subscription for a medium-sized company starting at $19,550
Contact: allgress.com
Strength
This solution offers substantial automation of end-to-end risk management process for increased time-to-value, usability, simplicity, and affordability.
Weakness
None that we found.
Verdict
Integrated risk management with a modular architecture means that organizations of all sizes can leverage this product.
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