Pelican Integrated Risk Management review
A specialist for quantitative risk aggregation, scenario analysis and exposure simulation.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Pelican Integrated Risk Management is a cloud-based system for enterprises that need to assess and consolidate risk across business units and leadership functions. Its focus is quantitative analysis: teams can aggregate risk across entities, model financial exposure against risk tolerances, and compare different risk-management scenarios. The vendor describes it for executive, finance, operations, information security, audit, and risk roles. Organizations seeking a quantitative view of interconnected risks are its clearest fit; those primarily looking for broad compliance or workflow coverage should compare alternatives carefully.
Its analysis features go beyond a basic risk register. Quantitative bowtie analysis can include multiple consequence types, while links and maps show cascading and interconnected risks. The system also supports FAIR-style cyber risk analysis and examines organizational dependence on third parties for risk management. Customizable dashboards, KPIs, and reports help present results, and risk data has a change history with file and comment attachments. This makes Pelican IRM more compelling for scenario assessment and exposure modeling than for buyers whose main requirement is a general-purpose workflow system.
According to the vendor's pricing page, the indicative annual license fee ranges from 30k–80k for under 5,000 employees, 60k–180k for 5,000–20,000, 90k–240k for 20,000–100,000, and 120k–360k for 100,000+. The displayed currency is unspecified. One-off installation and configuration charges are shown at 10k–20k, 15k–30k, 20k–40k, and 30k–50k respectively. Pelican IRM requires Pelican Risk Register to be installed first, and the vendor states there is no free trial. Consider it when quantitative aggregation and scenario analysis are central; look elsewhere if a trial or broader verified workflow and integration breadth is essential.
Pelican Integrated Risk Management pros and cons
- Where it wins
- Aggregates quantitative risk across entities and business units
- Compares scenarios and simulated financial exposure with risk tolerances
- Maps cascading risks and third-party dependencies
- Where it doesn't
- Requires Pelican Risk Register to be installed first
- Indicative annual fees and setup charges scale by employee band
- No free plan or free trial
Pelican Integrated Risk Management fact sheet, pricing and score →
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