Solution Details

Risk Management

A top priority at corporations today is to gain visibility into and control over the multitude of internal and external risks. A recent increase in regulatory mandates and active shareholders has made many organizations sensitized to identifying areas of risk in their business -be it financial, operational, IT, brand, or reputation related risk. No longer is risk management considered the sole responsibility of specialists.Executives and Boards want visibility into risk exposure and status so that they can effectively manage the organization’s long-term strategies. In response, companies are looking to systemically identify, measure, prioritize, and respond to all business risks, and then manage any exposure accordingly.A GRC software can provide an integrated and flexible framework for documenting and assessing risks, defining controls, managing audits, identifying issues and implementing remediation plans. The risk management solution provides advanced capabilities such as risk calculators and risk heat maps for risk analysis and monitoring. GRC software uniquely combines software and content to deliver the risk management software solution to customers. Embedded best practices help define the scope of processes and sub-processes for risk management. It also guides the development of control and test libraries. The solution provides other intelligent and content driven features such as access to training content from an expert community, and integration of business processes with regulatory notifications and industry alerts.


  • Enterprise Risk Management
    • Organizations can reduce the likelihood of unexpected disruptive business events in their environment
    • Helps increase operating margins
    • Reduce earnings volatility
    • Enhance process efficiency
    • Improve regulatory compliance
    • Optimize cash flow reserves
  • Operational Risk Management
    • Document and assess operational risks
    • Define controls
    • Manage audits
    • Implement recommendations and remediation plans
    • Create a reusable library of risks and their corresponding controls and assessments
    • Results from individual assessments
    • Key risk indicators
    • Events such as losses and near-misses
    • Issues and remediation plans
  • IT Risk Management
    • Identifying IT Risks
    • IT Risk Assessment and Analysis
    • IT Control Design and Evaluations
    • Issue Management and Remediation
    • Monitoring IT Risks
  • Legal Risk Management
    • Enables organizations to implement a holistic and proactive approach for identifying legal risks, creating and implementing policies and controls to mitigate these risks, aligning the policies with various laws and regulations, and automatically monitoring controls to ensure compliance.
    • Helps efficiently assess, analyze, and track risks through configurable risk monitors and heat maps, as well as Key Risk Indicators and Key Performance Indicators.
    • Provides quick access to all risks, controls, control assessments, policies, and other critical information through centralized libraries with intuitive search functionalities