Risk Management Software That Puts a Dollar Figure on Every Risk
Korinza's Risk Register goes beyond likelihood/impact colors. Every risk carries a dollar exposure range, every treatment has AI-verified evidence, and every closed risk has a timestamped closure report. Built for PE-backed operating companies.
- Dollar exposure range on every risk (low/mid/high)
- AI evidence review: pass/fail verdict + closure report
- 90-day risk posture trend charts
- Ready-to-share evidence export in one click
Risk Identification
Capture risks across operational, financial, strategic, and compliance categories with a structured intake form. Tag risks to business units, frameworks, and controls.
Risk Scoring
Score each risk on a 5×5 likelihood/impact matrix. Korinza's AI assistant can suggest initial scores based on risk descriptions, saving hours of manual assessment work.
Treatment Tracking
Assign treatment owners, set due dates, and track progress from 'identified' through 'mitigated'. Full treatment history is preserved for audit purposes.
Control Linkage
Link risks to the internal controls that mitigate them. When a control's compliance status changes, the linked risk score is automatically flagged for review.
Risk Reporting
Generate executive risk reports, heatmaps, and trend charts on demand. Share a read-only risk dashboard with board members or investors without giving them system access.
Portfolio Risk
PE firms can view aggregated risk counts and severity distributions across all portfolio companies — identifying which entities need immediate attention without manual data collection.
Frequently Asked Questions
What is risk management software?
Risk management software provides a structured system for identifying, assessing, treating, and monitoring organisational risks. It replaces manual spreadsheet processes with automated workflows, scoring matrices, treatment tracking, and reporting — giving risk owners and leadership a real-time view of the organisation's risk posture.
How does Korinza's AI risk scoring work?
When you enter a risk description, Korinza's AI assistant analyses the text and suggests an initial likelihood and impact score based on similar risks in the GRC domain. You can accept, modify, or override the suggestion — it's a starting point, not a replacement for human judgment.
Can I link risks to compliance frameworks?
Yes. Korinza's control mapping module lets you link risks to specific controls within your adopted compliance frameworks (SOC 2, ISO 27001, NIST, etc.). When a control's status changes, linked risks are automatically flagged for review.
Does Korinza support risk appetite and tolerance settings?
Yes. You can configure risk appetite thresholds at the organisation level, and Korinza will flag any risk that exceeds your defined tolerance for immediate escalation.