NOT YOUR AVERAGE MANAGER, BUT YOUR POWER ENABLER
As a company grows and unravels new potentials, it also unearths new risks for its business. This is often not understood fully by the businesses, as many do not take the risks into account when formulating strategies, or experience ineffective communication of the risk to the top management. But managing risk is crucial for any business’ success and that’s what we help you in with our Risk Management Solution.
There is no dearth of risk management softwares in the market, but their ever-growing number is also the cause of these softwares becoming more and more complex and rigid. This causes the risk managers to search for that one risk management solution that is not only best suited to their requirements but is also effective, efficient and easy to use.
Above all, The Risk Management system should seamlessly integrate with you Audit & Business Process activities, providing an integrated approach to governance, risk and compliance that translates into bottom-line financial benefits for your company.
FOR THE RISK MANAGEMENT PROGRAM TO BE EFFICIENT, IT HAS TO BE WORKABLE
The Risk Management module of smartGRC is based on a customizable – Risk Management and Incident Reporting platform that has been around for many years and has been accepted by many industries. Our enterprise risk management platform facilitates risk mapping, assessment, and control, enabling your organization to –
- Improve the quality and effectiveness of risk management processes
- Assess risk in collaboration with business users
- Automate the consolidation and communication of your organization’s exposure to risk
This module is highly user-friendly that provides a global view of all risk related activities. Managers can quickly assess the issues, adjust plans & processes to respond to issues & also track the progress through customized reports & automated alerts. The module is an all inclusive smart platform, which takes care at every step, right from risk identification to risk priority, to mitigation plans & to key risk indicators.
RISK MANAGEMENT SOLUTION FEATURES
Extensive Risk Analysis
Identify, manage and mitigate the risks across the organization, with the Internal Audit feature, and the visual representations of Risk framework, allowing you to narrow down on the risks and zero in its causes.
The customizable workflows allow risk assessments based on configurable methodologies and algorithms, identifying probable issues to help define and prioritize audit plans effectively
Mitigation Plans & Controls
Dedicated page to monitor all mitigation plans and controls associated with the risks, with graphical analysis & complete history, allows you to input progress, assess & validate residual risks.
Facilitate Risk management actions to be monitored at each management level with Corrective action plans being shared among business entities. Initiatives with higher risk can be monitored & managed more closely
The intuitive& customizable dashboard, can be easily generated using various filter choices provided, to focus on desired events, along with drill downs for comprehensive reporting & analysis
Tasks, Notifications & Workflows
Behavior-driven communication tools work with your existing email service provider to get the right people involved with all your information in one place, turning you into a value added adviser.
WHY OUR RISK MANAGEMENT SOFTWARE?
Highly User-Friendly and customisable, making it effective and efficient choice
Effective documenting of risk, sub-risks, risk triggers and risk causes
Mitigation Plan Repository with the feature to add new plans during the risk assessment
Enforce consistent organisational workflow through approval mechanism at every escalation
The transparency features ensure a disruption free enterprise at all management levels
Ensure timely follow-up and prevention of bigger risks and events
Configure alerts, reminders and escalations, Auto Schedule custom reports to inbox
Comprehensive dashboard which can be filtered for any given business or process for any timeline
Generate detailed and customised reports, according to user specified format
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