GRC Tools
Risk Management
Risk is intrinsic to every business and managing risk is an increasingly important business driver. The Risk Management GRC Tool offers robust functionality to centralize and streamline the administration of your risk management program, whether at the enterprise or line-of-business level.
Consistent with the principles of ISO 31000:2018, Risk management -- Guidelines, the Risk Management GRC Tool helps you assess (identify, analyze, and evaluate), treat, monitor and review, and communicate and consult on risks.
Please contact us to learn more about how the Risk Management GRC Tool can help you organize and digitize your company.
Assess. Treat. Monitor. Communicate.
Assess.
Identify and document risks that may impact your business with standard and custom attributes, including Risk Name, Risk ID, Category, Owner, Risk Team, Description, Primary Objective, Secondary Objective, Review Frequency, etc.
Analyze risks by defining inherent risk levels, identifying existing controls, and determining the resulting residual risk levels.
Evaluate the controls and mitigators in place and the resulting residual risk level to determine whether the risk is acceptable or unacceptable based on attitude, appetite and tolerance for risk.
Treat.
Ensure that effective strategies are in place to minimize the frequency and severity of each risk with defined Action Plans.
Monitor and Review.
Ensure structured reviews and regular monitoring occur with standard and customized workflow processes.
Communicate and Consult.
Communicate and consult with internal and external stakeholders via convenient dashboards, heat maps, and other reports.
Key Features
Centralized Management
One location for managing - and viewing - all identified Risks.
Custom Risk Attributes
Create a unique risk profile with standard and custom attributes.
Color-Coded Risk Levels
Colored coded risk levels to easily identify problem areas.
Customizable Views
Create custom views by pre-filtering risks by LOB/department and any number of attributes to focus in on what you need most.
Standard and Custom Workflows
Monitor risk reviews with standard and custom workflows including issue tracking and action plans.
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