COSO Enterprise Risk Management Application

What is COSO?

The Committee of Sponsoring Organizations (COSO) provides thought leadership and guidelines for risk professionals. COSO developed the Enterprise Risk Management: Integrating with Strategy and Performance framework to help organizations identify and assess enterprise risks that impact their strategic objectives. 

COSO Enterprise Risk Management Compliance in Risk Cloud

Risk Cloud™ is a cloud-based platform with a suite of pre-built Applications that transforms the way you manage GRC processes by combining expert-level content and service with easy, no-code technology.

Risk Cloud’s Enterprise Risk Management: COSO Application includes pre-configured risk impact, likelihood, velocity, and vulnerability scoring guidance to help your organization assess inherent and residual risk scoring in accordance with COSO guidance.

Align with the COSO Framework

  • Access COSO’s Enterprise Risk Management: Integrating with Strategy and Performance guidance
  • Perform risk assessments in accordance with guidance from COSO’s Enterprise Risk Management: Integrity with Strategy and Performance to highlight enterprise, divisional, and functional risks
  • Auto-calculate risk scores based on predefined impact, likelihood, velocity, and vulnerability rubrics from COSO’s Risk Assessment In Practice
Align with the COSO Framework
Protect Strategic Initiatives

Protect Strategic Initiatives

  • Create a centralized location for tracking enterprise risks and assessing their impact on your organization’s strategic objectives
  • Visualize the status of logged risks and their associated remediation activities with pre-built reporting within the Application
  • Be confident that risk stakeholders across the business can quickly visualize the organization's risk landscape

Improve Your Enterprise Risk Management

  • Analyze the relationships between your organization’s entity, divisional, operational, and functional level objectives and risk scores
  • Automate the creation of risk assessments in alignment with your organization’s preferred cadence
  • Alert risk and response owners of their required tasks with predefined jobs and messaging to help them stay on track
Improve Your Enterprise Risk Management

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