Enterprise Risk Management Software Functionality
Riskonnect ERM simplifies enterprise-wide strategic risk management and helps your organization quickly realize the value and opportunities of integrating a strategic ERM program throughout your organization. The Riskonnect ERM process and workflow offers unique functionality:
• Dynamic visualizations of risks
• Ability to visualize risk relationships and
impact
• Ability to understand cumulative impact
of risks
• Ability to drill down to observe the
causes of risk
• Drag and drop assessment of risks
allows for real-time discussion and
re-assessment of risk
• Workflow and tracking of all activities
and mitigation across the enterprise
• Dashboards
• Quantify risks for senior management
and board level discussion
• Flexibility to adapt to your business
process and your ERM framework
of choice
Connect with Riskonnect now and accelerate the maturity of your ERM program. |
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Value
Studies show that a strong ERM program is a factor in increasing revenue and shareholder value. The incorporation of a sophisticated risk management program yields increased resilience and agility:
• 80% Increased management
accountability (shareholder confidence)
• 62% Reduced earnings volatility (less
volatility)
• 79% Smoother governance practices
• 86% Better informed decisions (learning
from mistakes)
• 59% Increased profitability
(Above data derived from a September 2005 study by The Conference Board)
"Riskonnect ERM has increased our level of preparedness to avoid getting hit by the train."
-- Risk Management Executive
Major Utility
Riskonnect ERM is a comprehensive communications platform designed to help organizations manage enterprise-wide uncertainty through a strategic risk management framework. |
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All companies face risks. The ones who seem to succeed year over year and rebound most quickly from a major disruption are those that have embedded and formalized processes to not only identify risks, but also to mitigate those risks. Riskonnect ERM is a comprehensive, web-based ERM system that gathers diverse risk data from across the enterprise in a highly visual manner so that risks are easily identified, assessed, and mitigated. It represents a quantum leap beyond commonly used tools like spreadsheets. No other software enables users to enter and dynamically visualize risk relationships, communicate risk assessment and mitigation activities, and see the impacts of risk on objectives and financials.
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