4.9/5.0 stars on G2 | Trusted by 8.000+ companies

Enable full risk visibility across your organisation in one connected system

Formalize links risks from operational, supplier, and IT risks to strategic and business risks to the systems, teams, and assets that drive them, so risk exposure is continuously visible, measurable and actionable.

Real-time insight into every operational risk

Traditional risk registers are often isolated, updated manually, and disconnected from operations. Formalize turns risk management into a continuous, connected process, linking risks to the operational elements that shape them.

With Formalize, risks become:

Visible

See all identified risks across assets, systems, processes, suppliers, and business functions in real time

Actionable

Manage mitigation through controls and tasks, and track incidents as they materialize

Traceable

Audit every change, version, and strategy with full history

Governable

Assign ownership and approvals to enforce accountability

Features

End-to-end risk intelligence

Connect risks to operational realities

See operational, supplier, IT, and business risks in one connected view. Link every risk to the elements that drive it, creating a continuous, accurate picture of exposure across your organization.

Map risks to systems, assets, suppliers, processes, and business functions for full context
Visualize risk exposure on interactive heat maps and gauges
Track inherent, residual, and target scores to see progress
Set risk appetite thresholds and see instantly if risks exceed limits

Track mitigation and measure outcomes automatically

Understand how actions influence risk automatically, without manual recalculation. Risk scores update dynamically based on mitigation progress, with versioning and a full activity log for accountability and traceability.

Connect risks to controls, tasks, and incidents to calculate impact
Measure mitigation progress across the organisation
Maintain full activity history for traceability and audit readiness
Record decisions and updates with versioning to ensure nothing is lost

Eliminate manual follow-up with automated acceptance tracking

Give leadership the insights they need. Transform complex risk data into clear, actionable intelligence for executives and regulators.

Real-time dashboards highlight priority enterprise and operational risks across all connected areas including IT, suppliers, systems, assets, and business functions
Exportable reports provide instant insight for regulators or boards
Filter by type, department, or operational area for targeted oversight
Ensure traceability across all mitigation actions, workflows, and evidence

Link incidents to risks for real-time operational insight

Understand how real-world events impact your risk landscape. Operational events directly influence risk posture. Formalize connects incidents to risks, updating scores and mitigation strategies automatically.

Associate incidents with one or multiple risks for full visibility of operational impact
Automate updates to risk versions or mitigation actions when incidents occur
Track historical changes to understand risk evolution over time
Maintain a continuously updated view of organizational risk

“With Formalize, we went live practically on day one. Within two months, we had full coverage of our compliance needs, even over the holiday season.”

Fernando Sanz de Galdeano

CISO, Arcano Partners

Do you want to see Formalize in action? Let's have a talk

Join over 8,000+ companies already growing with Formalize