LogicGate Risk Cloud is the best risk analysis software for most mid-sized teams that need flexible risk, audit, and third-party workflows in one place, while @RISK is the best pick when the work is quantitative modeling in Excel. Most enterprise tools in this list publish no list price, so expect a quote based on modules, users, and scope, and budget for implementation and onboarding on top of the subscription. Analytic Solver is the lowest published entry point here at $1,250 per year for the Basic Upgrade, which makes it the clear budget pick for Excel-based simulation.
Risk analysis covers two different jobs, and the right tool depends on which job you are buying for. One job is quantitative modeling, where you put probability distributions on cost, schedule, or portfolio inputs and run thousands of simulations to see the range of outcomes. The other job is program management, where you keep a risk register, score risks, assign owners, track controls, and report to leadership and auditors. Excel add-ins serve the first job well, and enterprise platforms serve the second job well.
Use the list below to match the tool to the job and the team size. Every price here comes from an official vendor page opened on 2026-11-12, or is marked quote only where the vendor publishes no list price.
On this page
Best risk analysis software: comparison table
Swipe the table sideways on a phone to see every column.
| # | Name | Best for | Starting price | Free plan / trial | Link |
|---|---|---|---|---|---|
| 1 | LogicGate Risk Cloud | Flexible no-code risk and compliance workflows | quote only | No | Visit |
| 2 | Resolver | Enterprise risk with incidents and investigations | quote only | No | Visit |
| 3 | MetricStream | Large regulated enterprise risk programs | quote only | No | Visit |
| 4 | LogicManager | Fixed-fee enterprise risk management | quote only | No | Visit |
| 5 | @RISK by Lumivero | Monte Carlo simulation in Excel | quote only | Free trial | Visit |
| 6 | 6clicks | Government and multi-entity risk programs | quote only | Free trial | Visit |
| 7 | Onspring | No-code GRC with tiered platform levels | quote only | No | Visit |
| 8 | Analytic Solver | Excel simulation on a published budget | $1,250 per year | No | Visit |
The 8 best best risk analysis software tools, in detail
LogicGate Risk Cloud
Best for: Flexible no-code risk and compliance workflows
LogicGate Risk Cloud is a no-code governance, risk, and compliance platform built around configurable applications for enterprise risk, IT risk, third-party risk, controls, internal audit, policy, and compliance. Teams build risk assessments, control tests, incident tracking, and third-party reviews with drag-and-drop builders instead of asking developers to build each workflow. Pricing is modular and quote-based.
- Customers select applications and Power User licenses, then add features, connectors, and services as needed.
- Standard Users and External Users are included without an additional license charge.
- One limit: the modular model means the total grows with each application you add, so ask for a quote that covers every application you plan to use in
- Choose LogicGate when you need one platform to cover several risk areas and you want to configure it without code.
Pros
- No-code builder with prebuilt applications
- Standard and External Users carry no additional license cost
- Spark AI features are included across applications
Cons
- No published list price, so budgeting needs a sales quote
- per-application pricing can grow as you add more applications
Resolver
Best for: Enterprise risk with incidents and investigations
Resolver is a cloud risk-intelligence platform, now a Kroll business, that brings enterprise risk, compliance, audit, controls, incidents, investigations, and business continuity into connected workflows. Its distinctive strength is the security side: incident management, investigations, and corporate security sit next to the risk register. Pricing is quote-based and depends on the solutions chosen, the level of customization, the number of active users, integrations, and services.
- Bundled solutions may receive bundle pricing.
- One limit: setup takes time and often needs vendor or partner services, so first-year cost runs well above the license alone.
- Choose Resolver when incidents, investigations, and corporate security are part of the risk job.
Pros
- Combines enterprise risk, audit, controls, incidents, and investigations
- pre-configured assessment forms built on COSO and ISO 31000
- bundle pricing for multiple solutions
Cons
- No published list price
- configuration and implementation can take months and need vendor or partner help
MetricStream
Best for: Large regulated enterprise risk programs
MetricStream is a long-established enterprise governance, risk, and compliance platform for large organizations in financial services, healthcare, energy, and other heavily regulated industries. It centralizes risk, compliance, audit, and policy data in a federated model and adds AI-driven analytics, with predictive risk detection, semantic search, and continuous control monitoring that collects evidence. Pricing is quote-based and negotiated around the selected applications and enterprise requirements.
- MetricStream publishes no standard entry price and offers no free trial.
- One limit: deployments commonly take 9 to 18 months and need significant professional services, so the total cost is far above the license in year one
- Choose MetricStream when you run a large, regulated program with deep audit and compliance needs.
Pros
- Federated data model across risk, compliance, audit, and policy
- AI-driven analytics for predictive risk detection
- continuous control monitoring with evidence collection
Cons
- No published list price and no free trial
- implementation is long and needs significant professional services
LogicManager
Best for: Fixed-fee enterprise risk management
LogicManager is an enterprise risk management platform that connects risk, governance, and compliance work in one centralized hub. Its programs follow a risk lifecycle of governance, assessment, mitigation, monitoring, and events, and its Risk Ripple Intelligence shows what is happening now, what is misaligned, and what will be affected next. LogicManager uses fixed-fee, all-inclusive pricing based on the jobs to be done, not per-user fees.
- The price covers licensing, advisory service, and onboarding, and includes unlimited platform access for internal and external users in the relevant r
- Onboarding is guided by a dedicated specialist through eight 1 hour sessions, and the purchase is backed by a 90-Day Unconditional Money Back Guarante
- One limit: the fixed fee is set per package, so adding more solution packages raises the total.
- Choose LogicManager when you want predictable cost and unlimited users.
Pros
- Fixed-fee all-inclusive pricing with unlimited users
- price covers licensing, advisory service, and onboarding
- 90-Day Unconditional Money Back Guarantee
Cons
- No published list price, so the fixed fee is only known after a quote
- package pricing can rise as you add more solution packages
@RISK by Lumivero
Best for: Monte Carlo simulation in Excel
@RISK is the leading Monte Carlo simulation add-in for Excel, sold by Lumivero, formerly Palisade. It lets analysts define uncertain inputs as probability distributions, run thousands of simulations, and see the full range of possible outcomes with probabilities. The product page lists more than 90 built-in distribution functions, distribution fitting, correlation and copulas, stress analysis, and presentation-quality graphs, including tornado charts that show which inputs drive the result.
- Two editions are sold, Professional and Industrial.
- Industrial adds RISKOptimizer, time-series simulation, multi-core processing, and advanced copula tools.
- @RISK also connects with Predict for centralized risk registers and now offers @RISK Agent, which links Excel with Anthropic Claude to flag model issu
- One limit: @RISK is Windows-only and needs Microsoft Excel for Windows, so Mac users need virtualization.
Pros
- More than 90 probability distributions in Excel
- tornado charts and sensitivity analysis identify key risk drivers
- RISKOptimizer adds optimization under uncertainty in the Industrial Edition
Cons
- Windows-only and needs Microsoft Excel for Windows
- RISKOptimizer is only in the Industrial Edition, not Professional
6clicks
Best for: Government and multi-entity risk programs
6clicks is a governance, risk, and compliance platform built for government, defence, and critical infrastructure organisations, with a Hub and Spoke architecture for multi-entity programs. Teams manage risk registers, controls, audits, vendor assessments, and regulatory compliance in one place, with Hailey AI for automated mapping and a Content Library that covers more than 100 standards and frameworks out of the box, including ISO/IEC 27001, SOC 2, NIST CSF, GDPR, and PCI DSS. Pricing is all-inclusive, with no per-user fees, no per-module charges, and no per-framework add-ons.
- Every plan includes the full GRC Core, Hailey AI, and the entire Content Library from day one.
- Pricing scales with organisation size and the number of Spokes, with unlimited users and frameworks included.
- One limit: the tailored quote means you cannot compare a list price before a sales conversation.
- Choose 6clicks when sovereignty, multi-entity oversight, or air-gapped deployment matters.
Pros
- All-inclusive pricing with unlimited users, vendors, and frameworks
- supports more than 100 standards and frameworks
- four deployment options including an air-gapped appliance
Cons
- No published list price on the official FAQ page, so the quote depends on organisation size and Spokes
- audit management is less deep than the largest enterprise suites
Onspring
Best for: No-code GRC with tiered platform levels
Onspring is a no-code, cloud-based governance, risk, and compliance platform known for flexibility and ease of use for end users and administrators. Teams design risk, compliance, audit, and vendor workflows with flexible business apps, live reports, and dashboards, and ready-made products can get a team started in as quickly as 30 days. Pricing is quote-based and can be licensed by users, by products, or through a hybrid model.
- Platform service levels run from Bronze through Platinum, with progressively more storage, environments, support, and training.
- Silver adds a non-production environment and 1,000 SMS messages per month.
- Gold adds four database refreshes per year and five firewall-rule changes.
- Platinum adds development, test, and sandbox environments and eight database refreshes.
Pros
- No-code administration with flexible business apps
- licensing by users, by products, or hybrid
- Bronze, Silver, Gold, and Platinum platform levels with rising storage and support
Cons
- No numeric prices published
- reporting customization takes more effort than the rest of the platform
Analytic Solver
Best for: Excel simulation on a published budget
Analytic Solver from Frontline Systems is an Excel add-in for optimization, simulation, and data science, and it is the only tool in this list with a full published price table on its official pricing page. The Basic Upgrade costs $1,250 per year and suits learning and proof-of-concept models. Professional costs $2,500 per year for individual use with full-size models.
- Comprehensive costs $6,000 per year, and Large-Scale costs $11,500 per year for enterprise-level models.
- Add-on large-scale solver engines cost $10,500 to $13,500 per year.
- Prices are valid only on standard terms, and compliance with an organization purchase order terms may raise them.
- One limit: a $500 Startup/Restart fee applies to some new subscriptions and to all lapsed or restarted subscriptions.
Pros
- Published prices from $1,250 per year
- covers optimization, simulation, and data science in Excel
- large-scale solver engines available as add-ons
Cons
- A $500 Startup/Restart fee applies to some new and all lapsed or restarted subscriptions
- the Basic Upgrade is limited to learning and proof-of-concept models
How we chose
We chose tools that do real risk analysis work in one of its two forms: quantitative modeling with Monte Carlo simulation, sensitivity analysis, and scenario modeling, or program work with risk registers, control tracking, issue management, and reporting. Each tool had to be a real product with an official homepage and a pricing page or a pricing statement we could open on 2026-11-12. Prices and plan limits here come from official vendor pages opened on that date, and where a vendor publishes no list price we wrote quote only. We did not test any tool hands-on. We did not use customer counts, awards, or review scores to rank items, and we did not invent prices, features, or limits. The unique angle in this list is the billing split: LogicGate prices applications and Power User licenses, LogicManager prices by the job with unlimited users, and 6clicks prices by organisation size and Spokes with unlimited users.
Which tool fits your team size and budget
| Situation | Best pick | Why it fits | Watch the number |
|---|---|---|---|
| One analyst modeling in Excel | @RISK by Lumivero | More than 90 distributions and Monte Carlo simulation inside Excel | RISKOptimizer only in Industrial Edition |
| One analyst on a published budget | Analytic Solver | Basic Upgrade at $1,250 per year, Professional at $2,500 per year | $500 Startup/Restart fee on some new and all lapsed subscriptions |
| Small team, one risk register | LogicGate Risk Cloud | No-code apps and no extra license cost for Standard and External Users | Quote only, and cost grows per application |
| Mid-sized team, predictable cost | LogicManager | Fixed fee, unlimited users, and a 90-Day Unconditional Money Back Guarantee | Fixed fee is set per package after a quote |
| Government or multi-entity program | 6clicks | More than 100 frameworks and four deployment options including air-gapped | Quote only, priced by organisation size and Spokes |
| Large regulated enterprise | MetricStream | Federated model across risk, compliance, audit, and policy | Deployments commonly take 9 to 18 months |
| Security-led risk program | Resolver | Incidents, investigations, and enterprise risk in one system | Implementation can take months |
| No-code GRC with service tiers | Onspring | Bronze to Platinum levels, with Silver at 1,000 SMS messages per month | Gold allows four database refreshes per year, Platinum allows eight |
Frequently asked questions
What is the best risk analysis software for most teams?
LogicGate Risk Cloud is the best pick for most mid-sized teams because its no-code builder covers risk, audit, third-party, and compliance workflows in one place. Teams that model in Excel should pick @RISK instead, and teams on a published budget should look at Analytic Solver at $1,250 per year.
How much does risk analysis software cost?
Most enterprise tools in this list publish no list price and sell by quote, so the cost depends on modules, users, entities, and scope. The published anchor here is Analytic Solver, with Basic Upgrade at $1,250 per year, Professional at $2,500 per year, Comprehensive at $6,000 per year, and Large-Scale at $11,500 per year.
Which risk analysis software is best for Monte Carlo simulation?
@RISK by Lumivero is the best pick for Monte Carlo simulation in Excel, with more than 90 probability distributions, tornado charts, sensitivity analysis, and scenario analysis. Analytic Solver is the best published-price alternative for Excel simulation and optimization. Choose @RISK when you need RISKOptimizer or Predict integration, and Analytic Solver when a published price matters more.
Is there a free plan for risk analysis software?
No tool in this list offers a free plan. @RISK and 6clicks offer a free trial, while the other six tools offer no free plan and no trial on their official pages. LogicManager instead offers a 90-Day Unconditional Money Back Guarantee, which is a refund promise, not a free plan.
Which tool is best for a government or multi-entity program?
6clicks is the best pick for government and multi-entity programs because it offers four deployment options, including Local Cloud and an air-gapped GRC Appliance, plus more than 100 frameworks and Hub and Spoke oversight. Pricing scales by organisation size and number of Spokes, with unlimited users included.
What should I check before signing a risk analysis contract?
Check the billing unit, the modules included, the user and entity limits, and the first-year extras in writing. Confirm whether RISKOptimizer, solver engines, extra Onspring environments, or MetricStream implementation are included or charged separately. Confirm the renewal terms too, including the $500 Startup/Restart fee on Analytic Solver for lapsed subscriptions.
Sources
- https://www.logicgate.com/
- https://www.resolver.com/
- https://www.metricstream.com/
- https://www.logicmanager.com/
- https://www.logicmanager.com/erm-software/editions-pricing/
- https://lumivero.com/products/at-risk/
- https://www.6clicks.com/
- https://www.6clicks.com/resources/faqs
- https://www.onspring.com/
- https://solver.com/analytic-solver-package-pricing
Prices and features were read on each company’s own website in November 2026. They change often, so confirm the current offer on the official site before you sign up or buy.