Risk Companion is a cloud-based risk management platform for risk managers, compliance officers, auditors and controllers. Users build a risk register, quantify risks (expected monetary value and expected time impact), draw bowtie models of causes and consequences, and run Monte Carlo simulations. In interactive risk sessions, teams collect risks together in workshops; dashboards, PDF and Excel reports and e-mail alerts support follow-up. An AI function suggests risks and mitigations. The service is delivered as SaaS.
The operator is Risk Companion B.V., registered with the Dutch Chamber of Commerce; the site gives no address or parent company. According to the vendor, the application, databases, file storage and backups run inside the European Economic Area, without naming a cloud provider or data centre. The vendor acts as processor under signed data processing terms, with audit rights and prior authorisation for new sub-processors. One caveat: AI suggestion traffic currently reaches the model provider outside the EEA, a path the vendor says is being moved to EU-region inference. Organisations should therefore check the sub-processor register before using the AI features.