Riskonnect

Bridge the Gap with Riskonnect ERM -- From Compliance and Governance Risk & Compliance (GRC) to a Sustainable Enterprise Risk Management (ERM) Program

Riskonnect empowers executives to make forward-looking decisions based on real-time, enterprise-wide, comprehensive risk information. Riskonnect ERM is a comprehensive, web-based Enterprise Risk Management system that gathers diverse risk data from across the enterprise in a highly visual manner so that risks are easily identified, assessed, and mitigated.

Performance and risks are interconnected. Many ERM programs are nothing more than SOX and financial controls with little to no view of enterprise-wide risks. Many ERM programs fail. They fail to meet goals. They fail to bring value to the organization. They fail to break down the silos of risk management across the organization.  They fail to improve communication around risks.

Embedding a risk culture and risk awareness throughout the organization is imperative. Technology that facilitates this can propel your program to a more mature level. After all, all areas of a company relate. If the interconnectedness of emerging or key risks is not a part of the risk assessment, business decisions cannot be nearly as strategic or opportunistic.

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.

Increase the Success of Your Enterprise Risk Management Program 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.

Spreadsheets are a Risk for Risk Management

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.

Standard & Poor's Plans to Integrate ERM into the Measurement of Management's Effectiveness

The Confusion Between Enterprise Risk Management and Governance, Risk and Compliance

Learn More about Riskonnect's Enterprise-Class Risk Management Technology Solutions