Enterprise Risk Management Application
Streamline enterprise risk management by centralizing risk assessments, automating workflows, and gaining real-time insights to enhance decision‑making.
What is the Enterprise Risk Management Application?
The Application creates a centralized source for managing enterprise risks, enhancing decision-making, and aligning insights with strategic objectives. It streamlines processes such as assessments, mitigations, and reporting while eliminating data silos for effective risk ownership.
Increase Risk Program Adoption, Agility, and Maturity
Accelerate time-to-value by aligning with your organization’s current state, then easily scale as programs mature. Use configurable workflows and maturity levels within a unified platform to streamline processes and enhance overall risk management.
Connecting Enterprise and Operational Risks to Business Objectives
Connect enterprise and operational risks to business objectives to measure and mitigate their impact. Create a centralized view of key initiatives, and accelerate assessments with pre-configured risk scoring and guidance. Generate clear visual reports of residual risk and quickly initiate mitigation activities with just a few clicks.
Enable Internal Adoption with Automated, Intuitive Workflows
Empower risk and control owners to work more effectively and efficiently with role-based dashboards, automatic notifications, and easy-to-complete forms. Quickly gauge progress with real-time reports that visualize outstanding tasks, deadlines, and assigned owners.
Report on Key Risk Indicators, Identify Trends, and Measure Program Impact
Proactively manage and monitor emerging risks by automatically assigning Key Risk Indicators (KRI) to be measured regularly. Identify and report on trends by leveraging the Risk Cloud® OpenAI integration to automatically generate a summary of your most critical risks, controls, and recommended mitigations. Visualize key program metrics like risks by category, inherent versus residual risk heatmaps, and KRI results month over month with out-of-the-box dashboards.
Resources
Learn how to realistically assess your company’s vulnerabilities, including how to prioritize them.