Enterprise Risk Management
Our smart risk management solution supports risk identification, assessment, analysis, and monitoring. Planning and internal audit management tools can help you make defensible risk-aware decisions.
Overview
- Identification and assessment of operational risks
- Audit planning
- Internal audit management
- Reporting
Features
- Define risk-relevant business activities, update the potential root causes and assess risks
- Set up your organizational risk hierarchy, and assign risk appetite, risk owners, and responsibilities
- Align risk events with their potential consequences and assess residual risks
- Run quantitative and qualitative risk management with automated planning, response documentation, quality inspection and internal audit monitoring
- Set up the corporate risk management standards for geographically-distributed units of Internal Audit Service
- Track key risk indicators (KRIs) to enhance the efficiency of Internal Audit Service
- Run automated mandatory and analytical reporting
Benefits
- Advanced control and risks management
- Considerable time reduction of audit reporting generation by 50%
- Significant time reduction of mandatory reporting generation by 90%
- Tangible performance transparency of Internal Audit Service
- Implementation of risk-aware business process management is a prerequisite to efficiently and effectively perform business operations and strengthen the company’s resilience against potential threats