Risk Llama review
Connected risk records with scoring, controls, workflows, AI review, and monitoring.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Risk Llama is risk management software for risk and compliance teams that need connected records across operational risk, governance, and compliance work. It brings together risk registers, assessments, inherent and residual exposure scoring, controls, incidents, actions, objectives, evidence, ownership, due dates, dashboards, and reporting. The product is positioned for operational risk teams, chief risk officers, enterprise risk oversight, trading and industrial groups, and organizations managing structured governance workflows.
Pricing is organized into three plans, with all published plans requiring contact with sales and prices stated in USD. Starter includes the Risk Register, Alignment Map, Lluma AI, Llama Vault, AI Document Insights, and Strategy Manager. Professional adds Supply Chain Manager, Customer Manager, Third Party Forms & Surveys, Incident and Reporting Portals, and External Risk Monitoring. Enterprise adds Unlimited Custom Fields, Custom Risk Taxonomy, Data Rooms, Document Quality Scoring, and Power BI Integration. Purchases are non-refundable under the stated terms, so buyers should review the commercial arrangement before committing.
The product’s main strength is breadth within connected risk operations. Configurable fields can apply to risk, process, control, vendor, and incident records, while workflows support stages, ownership, and due dates. AI-assisted risk and document review, generated stakeholder reports, dashboards, heat maps, structured document and survey workflows, and continuous external risk monitoring extend the system beyond a basic register. Teams seeking a unified operating model for risk records and related evidence should consider Risk Llama. Organizations wanting transparent self-serve pricing, a free plan, or a narrower tool focused on one risk task may prefer another option.
Risk Llama pros and cons
- Where it wins
- Connects risks, controls, incidents, actions, objectives, and evidence
- Adds exposure scoring, dashboards, heat maps, reports, and workflow stages
- Combines AI document review with data-room and external monitoring workflows
- Where it doesn't
- All published plans require contacting sales for pricing
- There is no free plan for self-serve evaluation
- Power BI integration is available only in the Enterprise plan
Risk Llama fact sheet, pricing and score →
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