With LogicManager’s automated ERM system, you can streamline your risk management processes. Our cloud based software is easy to use and allows you to engage the people involved in any governance process with automatic notifications and reminders. Track the status of projects by maintaining a real time visual on what risk assessment tasks are outstanding and complete.

It can encompass concerns ranging from ensuring employee safety and securing sensitive data to meeting statutory regulations and stopping financial fraud. Risk can be internal, such as equipment malfunctions, or external, such as natural disasters. Enterprise risk management is the identification and assessment of common and critical risks which could cause delays or cancellations of regular business processes. Every organisation needs to manage risk, and Decision Focus is based on years of risk management experience across industries.

Products In Integrated Risk Management (IRM) Solutions Market

Breaches are routed to a proper investigation and resolution of causes—this provides efficiency to the risk controller. Validation workflows that include the four-eyes principle can be applied to all changes made on reference data and limits. Due to high accuracy and full coverage of risk-weighted assets across multiple jurisdictions, this end-to-end solution enables strong capital payback. It provides the optionality to apply advanced treatments for exotics instead of conservative approximations (e.g., breaking down a cap/floor transaction into individual caplets for each flow). This allows for an accurate calculation of exposure-at-default and a global optimization of the capital charge at the enterprise level. Data mapping richness helps clients cut costs and effort required for extractions, mapping and reconciliations.

• These tools might sound like a want rather than a need when it comes to expenses—you might even think you have this area covered with your regular team practices and analytics systems.
• Riskonnect is our holistic risk management tool; Risk managers monitor, test and report on risks using the functionality that exists in the tool.
• As a result, risk management software and, by association, enterprise risk management software have become the need of the hour.
• Supports on-premise deployment or a SaaS model with localized multilingual support for global use.
• Export data instantly to Excel, PowerPoint, MS Project or integrate with other management information via Tableau or PowerBI.

This software enables companies to have a structured and systematic approach towards managing organizational risks. The ERM app provides an accurate understanding of risks across the organization and clear visibility into the top risks. Multi-dimensional risk assessments based on several qualitative and quantitative parameters can be performed to establish the organization’s risk profile.

Protecht.ERM

Define risk areas that could pose a threat to the company’s existence across all departments, levels, and processes, and communicate them across your organization. Configure custom risk dashboards to delegate, manage, and track completion of assigned tasks and responsibilities. Building Engines is a platform to manage commercial real estate building operations. It connects all CRE tech stack elements under a single, open, user-friendly interface. Provides real-time analysis and reporting of security and compliance through every point of building operations.

These tools might sound like a want rather than a need when it comes to expenses—you might even think you have this area covered with your regular team practices and analytics systems. Technology Advice is able to offer our services for free because some vendors may pay us for web traffic or other sales opportunities. Our mission is to help technology buyers make better purchasing decisions, so we provide you with information for all vendors — even those that don’t pay us. The powerful features combined with the easy implementation of the cloud solution made Predict360 a great fit for our organization. They are a chance to learn more about us, our products, and how to level up your skills with our tools. If one thing has become abundantly clear over the past two years, it’s that companies have no choice but to plan for the unexpected.

How to present monthly reporting to leadership

In the absence of risk management, a company is more likely to make poor decisions, be less prepared, and struggle to consistently meet their business goals. BCM is a management process that businesses use to identify potential threats and plan ahead in case those threats are realized, making sure the company can deliver on its obligations to customers, suppliers, and employees. Yes, the MetricStream ERM product provides advanced capabilities for planning, scheduling, and performing risk assessments, and once the assessments are complete, route the results for review and approval. Users can use the software for risk assessments to perform assessments easily with a simple and intuitive user interface—both top-down and bottom-up approaches to risk assessments. Send alerts and notifications on any breach to relevant personnel for faster decision-making.

These tools ensure that risk-related knowledge is easily maintained and updated, even during periods of high turnover. Our customers get more than a cloud-based ERM program; they get a long-term partner for their risk management program. When you sign on with us, we make sure to pair you with an advisor who is genuinely invested in your success and helps you use LogicManager’s risk management software to its fullest potential. The connected methodology behind our enterprise risk management software extends across every solution area of LogicManager. So no matter what your goals are, you’re always taking a standardized, meaningful, and actionable approach thanks to our risk management solution.

Oracle Risk Management and Compliance

Risk control can monitor the SA-CCR in addition to the existing CEM framework in a single system. Advanced workflows including capture, notification, routing & escalation, investigations and root cause analysis of losses and incidents. This material may contain “forward-looking” information that is not purely historical in nature.

With eFront ERM, risk managers can easily assess risks, define and track risk mitigation actions and report operating events. The first step to developing and advancing your ERM program is identifying business risks across your organization. LogicManager’s ERM solutions include centralized libraries of industry-specific potential risks so you can collect and organize the information on the business processes that you’re after for better risk assessments. While most risk management software products can be used in any field, some vendors offer products with tools, software packages, or training modules geared toward risks in specific industries.

TimeCamp

Build and maintain a centralized risk register to have a complete and current overview of risks across your organization. The cost of acquisition is directly dependent on the chosen mode of deployment. On-premise deployment comes with its own set of baggage – you will be directly responsible for the installation and maintenance of the servers. While it doesn’t look as palatable on the surface, there are a few advantages as well.

Understanding the specific needs of your industry is crucial to figuring out your firm’s requirements. Based on the type of business and state and federal regulations, ERM software automates regulatory compliance. Even view a combined rollup of all time spent across your enterprise software for 2031 tasks and subtasks to get into the nitty-gritty of how you spend your day. And if you’re wondering how time-tracking relates to risk—almost all KPIs start here. Know how you and your team are spending time so you can properly delegate important tasks to the right people.

Any ERM solution should embody global ISO standards and best practices and include a standard set of analytics to get you started. Use synonyms for the keyword you typed, for example, try “application” instead of “software.” You can explore the MetricStream Enterprise GRC and Integrated Risk Management solutions. Check out the Workiva Marketplace for easy-to-use templates, connectors, and services that make getting started a snap. When evaluated among 15 vendors, Workiva received the highest score possible in the criteria of audit management, interoperability , planned enhancements, and vision.

The system assigns risk scores so you can prioritize critical risks first and then move on to less urgent vulnerabilities – one at a time. Business continuity plans ensure your organization suffers minimum interruptions even in the face of unexpected crises. While the nature of these risks will differ from industry to industry, the importance of an early warning system cannot be overstated.

Fusion Risk Management

Robust data analytics, AI, and machine learning can help you create scenarios and models that pinpoint not only the potential for harm but the potential for business growth. Here, we discuss what it is and outline 11 best practices for a good ERM report. You may not need ERM software if your company is very small, with no board of directors or governing bodies. Perhaps at this point in your company history no serious risks have taken place, however, without an enterprise-wide view, unforeseen risks could arise at any given moment. The price of ERM software varies greatly depending on which vendor you select.

We want to help developers extend and customize our tools to fit in with their needs. We collaborate with a wide range of teams to bring our customers a range of services , complimentary technologies, and specialized tools for specific industries. Easily customize your reporting and dashboards to tell your story and inform decisions.

StandardFusion is a cloud-based GRC platform designed to allow organizations to quickly and easily manage risks, comply with standards, and follow best practices. Technology is transformative within the ERM arena, just as it is in so many other enterprise processes. Technology accelerates the power of enterprise risk management in three essential ways. Accelerate performance with a comprehensive enterprise risk management software.

Full scale installation and implementation of your ERM system

Benefit from best practice risk, incident, and action plan monitoring dashboards with embedded drill-down and look-through capabilities. Navigate across intermediate organizational levels down to actual risks, incidents and action plans. Corporater ERM solution can be used as a point solution or in combination with other solutions to form a holistic Integrated GRC program. Curate a standardized repository of mitigation measures that include all the controls, processes and activities required to neutralize common threats. In today’s day and age, risk comes in all shapes and sizes – financial, regulatory, operational and reputational risk. ERM software helps manage the impact of potential threats in a manner favorable to the company, its customers and stakeholders.

Accurate, Reliable, Timely Information

Riskonnect is our holistic risk management tool; Risk managers monitor, test and report on risks using the functionality that exists in the tool. It gives me a clear insight into my company’s risk universe and data to predict where future risks may emerge. Enterprise Risk Management is the activity of risk identification, assessment, and management. Data is automatically updated from individual spreadsheets into the relevant risk stories, ensuring that all data and content rolled up into the high level portfolio story, is real time and accurate for key stakeholders. Day to day processes, communication, and ultimately decision making, become more efficient and productive. Both risk and risk management solutions have gone through, and are still going through, tremendous changes in order to get the upper hand.