AI TOOL PROFILE
IRIS Intelligence: Strategic & Enterprise Risk Management Software
- Operations
- Enterprise Risk Management
- Small Businesses
- Mid-Market Companies
- Enterprise Companies
- Risk Managers
Pricing
Pricing specific amounts were not provided. The software is available as a one-time purchase with optional maintenance or via monthly and annual leases.
At a glance
- Best for
- Small Businesses, Mid-Market Companies, Enterprise Companies, Risk Managers
- Key use cases
- Strategic Risk Management, Enterprise Risk Reporting, Program Risk Tracking, Regulatory Compliance
- Integrations
- Excel import, Excel export, PowerPoint export, Microsoft Project integration
- Official website
- Visit iris intelligence official website
How AI is used
IRIS Intelligence is a risk management platform available as a SaaS or on-premise solution. It is designed to support the identification and tracking of risks across various levels of an organization, from specific projects to enterprise-wide strategies.
The software supports businesses in regulated or complex environments, such as aerospace, energy, government, and healthcare. It embeds best practice processes based on ISO 31000, PMBoK, and ISO 27001 standards.
Users can track mitigations through Gantt charts and monitor risk trends using burndown charts. The system also includes tools for quantitative statistical analysis, such as Monte Carlo Analysis, to help quantify risk exposure.
Buyers should confirm deployment preferences, as the tool offers hosting options and different licensing models, including named and concurrent users.
Key Features
Dynamic Risk Matrices
Provides a visual snapshot of priority items and changes in risk status.
Waterfall Risk Burndown Charts
Demonstrates trends in risk progress over time and compares mitigation impact against the original plan.
Monte Carlo Analysis
Uses statistical techniques to quantify risk exposure and uncertainty in forecasting models.
Automated Email Reminders
Sends notifications to risk owners when actions are due to help keep data current.
Secure Audit Trails
Maintains a history of changes for internal and external audit assurance.
Gantt Chart Timeline Views
Allows mitigation plans to be viewed as a timeline to monitor progress.
Use Cases
Strategic Risk Management
Supporting company strategy by increasing visibility of risks and mitigations.
Enterprise Risk Reporting
Generating automated reports and ROI calculations to support management decision-making.
Program Risk Tracking
Managing multiple risk registers and projects simultaneously across different departments.
Regulatory Compliance
Embedding risk processes from ISO 31000, ISO 27001, and PMBoK to meet industry standards.
Integrations
- Excel import
- Excel export
- PowerPoint export
- Microsoft Project integration
FAQ
What industries is IRIS Intelligence designed for?
- It is designed for sectors including Aerospace & Defence, Energy & Utilities, Government, Construction, Financial Services, Higher Education, and Healthcare.
Does the software support on-premise installation?
- Yes, IRIS Intelligence can be hosted in-house on a secure environment, including SCIFs, or used as a hosted cloud solution via AWS or Microsoft Azure.
What are the licensing options available?
- The company offers named user licenses for 24/7 access, concurrent licenses that are shared among a team, or a blended option combining both.
Can the software integrate with Microsoft Office?
- Yes, it supports uploading legacy data from Excel, exporting data to Excel for analysis, and generating PowerPoint reports.
Source category: Operations
Source subcategory: Enterprise Risk Management
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