Risk Assessment
System feature details
Improve the way your work
For Management
Reduce the cycle times and operational costs by enabling a dynamic approach to managing risk. By optimizing these critical processes, your management team can focus on strategic initiatives.
Operations
Drive agility and risk-based decision-making with unified dashboards that showcase critical risks across all lines of your business.
Compliance
Our application lays the foundation for complete risk governance and issue reporting. This framework not only streamlines compliance efforts but also fortifies trust with regulators and within your management team.
Track and Manage Key Risk Indicators and Other Metrics
Define and manage key risk indicators and control indicators. Track metrics, set up risk thresholds, and attach to documents within the system.
Key capabilities
- Risks and controls can be mapped and measured
- Configurable scoring and rating methodology
- Monitor risk assessments via trend graphs
Risk Mapping
Correlate enterprise risk metrics to performance goals and strategic initiatives.
Key capabilities
- Powerful dashboards and reports to gauge the performance of key metrics and analyze risk trends.
- Gain real-time access to information on risk management across your enterprise.
- Capture and track details on risk profiles, risk control self-assessments, control ownership, status of remediation, successes, failures, and trends.
Risk assessment helps your business
- Improve performance and growth by aligning risk metrics to performance indicators.
- Build confidence with regulators and executive management, as well as with partners and customers, by establishing strong risk data governance.
- Quickly assess risks and controls effectiveness against predefined metrics and make necessary changes to mitigate risks in an agile manner.