AI TOOL PROFILE
LogicManager | Enterprise Risk Management Software
- Operations
- Risk Management
- Mid-market companies
- Enterprise organizations
- Regulated industries
- Risk management teams
- Compliance officers
Pricing
LogicManager uses a fixed, value-based "Job-to-be-Done" pricing model with unlimited users. Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Mid-market companies, Enterprise organizations, Regulated industries, Risk management teams, Compliance officers
- Key use cases
- Enterprise Risk Identification, Third-Party Risk Management, Board and Regulatory Reporting, Control Gap Analysis, Cross-Functional Risk Mapping
- Integrations
- WorkDay, DocuSign, Office365, BitSight, RiskRecon
- Official website
- Visit Logicmanager official website
How AI is used
LogicManager is a SaaS-based platform designed for Enterprise Risk Management (ERM). It acts as a central hub that links risks, controls, vendors, and internal processes, which may help organizations move away from managing risk in fragmented spreadsheets or siloed emails.
The software is designed for mid-market and enterprise-level companies, particularly those in regulated sectors like insurance, banking, and healthcare. It supports a risk-based approach involving oversight, assessment, mitigation, monitoring, and event capture.
Key components include AI-powered analytics and reporting tools like the Risk Maturity Model for board-level presentations. Buyers should note that while the software is no-code, implementation typically involves a three-month onboarding process with dedicated advisory services.
Organizations seeking to document fiduciary responsibility and oversight can use this platform to track accountability and risk mitigation efforts.
Key Features
Risk Ripple Analytics
An AI-powered suite designed to map relationships between risks, controls, and stakeholders to identify hidden dependencies.
LogicManager Expert (LMX)
A ChatGPT-powered assistant that provides guidance on risk best practices and control design.
Completeness Checker
A tool designed to identify gaps in policies and vendor controls.
Risk Maturity Model (RMM)
A reporting tool that generates assessments and benchmarking KPIs against industry standards for board delivery.
Risk Taxonomy
Technology used to assess third-party and vendor risks across security, financial health, and privacy criteria.
Out-of-the-Box Reports
Configurable no-code templates and dashboards for monitoring risk performance.
Use Cases
Enterprise Risk Identification
Identifying and prioritizing business risks across the organization to establish ownership.
Third-Party Risk Management
Evaluating vendor and third-party risks through taxonomy-based assessments of financial and security health.
Board and Regulatory Reporting
Generating structured quarterly assessments and KPIs to provide oversight to boards and regulators.
Control Gap Analysis
Using the Completeness Checker to identify missing controls in policies or vendor management.
Cross-Functional Risk Mapping
Connecting risks across different departments to analyze how a failure in one area may impact others.
Integrations
- WorkDay
- DocuSign
- Office365
- BitSight
- RiskRecon
FAQ
What is LogicManager used for?
- It is used to identify, assess, and monitor risks across an organization, connecting risks to controls and vendors in a single platform.
How does LogicManager's pricing work?
- It uses a fixed-fee, 'Job-to-be-Done' model that includes unlimited users and advisory services, rather than charging per seat.
How long does it take to implement LogicManager?
- Most customers are operational within approximately three months, which includes system configuration and training.
Who is this software best suited for?
- It is designed for mid-market and enterprise companies, especially those in banking, healthcare, and manufacturing, or those subject to regulation.
Source category: Operations
Source subcategory: Risk Management
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