riskmatrix.co.uk

What It Is

Risk Matrix is a native desktop application for enterprise risk management, available for macOS and Windows. It is not positioned as a general-purpose spreadsheet tool, but as software for helping organizations build risk registers, score risks, visualize risk exposure, and generate board-ready reports. The website explicitly emphasizes “no cloud dependency,” with data kept on the user’s local machine, which sets it apart from typical cloud-based GRC/SaaS platforms.

Core Features and Collaboration Permissions

The product covers the main workflows of enterprise risk management: users can create risk registers, customize categories, owners, and scoring criteria; view risk distribution across likelihood and impact dimensions through interactive heatmaps and matrices; and manage inherent risk, residual risk, automatic calculations, trend indicators, and risk appetite thresholds. AI is a key selling point: based on prompts, it can generate risk descriptions, classifications, likelihood and impact assessments, as well as control measures, action plans, and estimated residual impact. For reporting, it supports one-click export to PDF, Excel, and PowerPoint, making it suitable for management presentations. On the permissions side, it offers role-based access control for managing users, teams, and access levels.

Pricing, Integrations, and Deployment

The main content does not disclose any plans, pricing, licensing model, free version, or trial information, so buyers will need to contact the vendor before procurement. In terms of integrations, the only capabilities shown are CSV/Excel bulk import and PDF/Excel/PowerPoint export; there is no mention of API, SSO, data warehouse, ticketing system, or other GRC platform integrations. Deployment is relatively clear: a desktop application with local data and no cloud dependency. However, the text does not state whether it supports centralized enterprise deployment, unified updates, centralized backup, or audit logs.

Pros, Cons, and Best-Fit Users

Its strengths are a clear onboarding path and suitability for teams migrating from Excel-based risk registers; the risk matrix, scoring, dashboards, and report exports form a complete workflow; AI can reduce the effort required for initial risk identification and mitigation writing; and local storage is a good fit for teams cautious about putting risk data in the cloud. The main drawbacks are that public information lacks details on pricing, security certifications, AI data handling, APIs, and third-party integrations, while support information appears to be limited to a contact email.

Access from China and Alternatives

Access to the website from mainland China is unknown, and payment methods are not disclosed. If RMB payment, local compliance, Chinese-language support, or private deployment is required, buyers may also evaluate local GRC, internal control/risk management, and audit management systems, or international alternatives such as LogicGate, MetricStream, ServiceNow GRC, Diligent HighBond, Resolver, and others.