Operational risk management software enables organisations to identify, assess, and control risks arising from internal processes, people, systems, and external events. It centralises incident management, risk registers, control testing, and key risk indicators (KRIs) within a unified platform. By automating risk assessments and workflow approvals, operational risk management software improves accountability and reduces reliance on spreadsheets. It supports scenario analysis, loss event tracking, and regulatory reporting, particularly in highly regulated sectors such as financial services. Operational risk management software also integrates with enterprise risk frameworks, ensuring operational risks are visible at board level. With real-time dashboards and audit trails, organisations gain stronger governance and improved resilience.