ENTERPRISE RISK MANAGEMENT

Understand the impact of all of your risks across the organisation – so you can better capitalize on opportunities

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Take Charge of Risk Across Your Enterprise

When it comes to risk, what you don’t know can hurt you.

The spectrum of potential risks faced by organisations today has expanded beyond those covered by traditional insurance. Getting a handle on the potential costs and likelihood of occurrence of something like a cyberattack or environmental disaster, however, is a challenge to say the least. Yet these are real threats with real costs that need to be recognized.

And that’s where Enterprise Risk Management – ERM – comes in.

Gain a New Perspective on Risk

Riskonnect’s Enterprise Risk Management software helps you anticipate, assess, mitigate, and monitor every form of risk – including operational risk – from every corner of the organisation.

Our ERM software brings together all risk-related data into one place for a complete view of your risks, how they relate, and the cumulative impact on the organisation.

Risk Management ROI Calculator

IS AN INVESTMENT IN ERM SOFTWARE WORTH IT?

Find out with our Enterprise Risk ROI Calculator. Take 5 minutes and answer 15 questions to estimate how much you could save with Riskonnect’s ERM solution.

ERM SOFTWARE
ELIMINATES SURPRISES

  • Consolidates all operational-risk information in one, easily accessible place.
  • Tracks the status of risk assessments and notes changes to key indicators.
  • Maps risks to visually show how they correlate.

PRIORITIZES ACTIONS

  • Streamlines workflows, which frees up time for more strategic tasks.
  • Shows the magnitude of each risk so you can focus your response.
  • Sends automatic alerts when a risk indicator has crossed the threshold of acceptability.

PROMOTES A RISK-AWARE CULTURE

  • Empowers the C-suite to make effective decisions about risk and opportunity.
  • Involves people at all levels and functions – and assigns responsibility and accountability for identifying and managing risk in everyday work.
  • Establishes a common risk language throughout the organisation.
  • Includes a range of prebuilt reports – which can be easily customized with a drag-and-drop report builder.
  • Automatically sends alerts and reports to keep stakeholders informed and involved.

Riskonnect’s ERM software helps you apply a structured, proactive, and continuous process across the organisation to better understand your risk landscape – and make intelligent decisions to effectively capitalize on opportunities.

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Control Effectiveness

Measures and monitors the effectiveness of controls for preventing or mitigating enterprise risks.

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Dashboards

Communicates risk status – including customizable KRIs and KPIs – quickly and effectively through highly visual dashboards.

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Heat Maps

Displays a visual representation of your assessed risks so you can effectively communicate to your organization which risks are of most – and least – concern.

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Risk Assessments

Collects critical business information to uncover new opportunities and help you better understand your current risk universe.

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Risk Hierarchy

Organizes risks by category, location, business unit – or a custom configuration to suit your business needs.

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Risk Register

Scores and ranks all of your risks from a central repository so they can be easily shared with other business groups, such as internal auditors.

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Reporting & Analytics

Combines powerful analytics with intuitive and flexible report design tools to help you make better decisions around your risk data.

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Metrics

Combines powerful analytics with intuitive and flexible report design tools to help you make better decisions around your risk data.

Having the right ERM technology is critical to managing operational risk efficiently and objectively for financial services firms. Check out Managing Operational Risk in the Financial Services Industry with ERM to understand what ERM is, how it can be used to manage operational risk, and how to begin holistically managing risks and opportunities in a truly integrated way.

See how Riskonnect’s ERM software works.

RFP Template for ERM

Are you actively starting an RFP process for an ERM solution? Kick things off with Riskonnect’s list of the most critical ERM-related questions. This downloadable spreadsheet can be easily modified to suit your needs.

How’s Your View?

Find out how
Riskonnect can transform
the way you view risk.

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