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Risk Assessment and Internal Controls Orchestrator |
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- Define, enforce and percolate your risk appetite organization wide.
- Identify and assess risk areas and avenues across the processes required to achieve the business objectives in line with the mission.
- Differentiate between risk and opportunities, and orchestrate robust internal controls to check the processes to mitigate risk.
- Adapt and manage any existing risk avenues.
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Business Process Management for Strategic Risk Mitigation |
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- Enforce risk response and internal controls at the required stages across the business processes.
- Optimize existing business processes to improve productivity and minimize inherent risk.
- Orchestrate new business processes to suit the new and compliant risk management processes.
- Quickly, seamlessly and uniformly internalize new or improved business processes into operations.
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Documents, Spreadsheets & Records Management for Operational Risk Management |
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- Manage risk through centralized enforcement of policies and controls on day to day operations with document, spreadsheets and records.
- Secure the access of important information and implement selective access policy to ensure reliability and accuracy.
- Implement technical controls for security and accountability which are inherently missing in widely used desktop applications like Spreadsheets and Databases.
- Establish history and complete
traceability across complete life
cycle of important information
throughout the organization.
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Electronic Signatures for Operational Risk Management and Compliance |
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- Establish robust chain of accountability and mitigate risk through fully configurable Electronic Signatures with Reason field.
- Prevent unauthorized access or any fraudulent manipulations to financial statements, report and records.
- Increase reliability and accuracy of official records with
an efficient chain of command for any changes made.
- Strengthen management’s confidence in corporate information and knowledge management initiatives.
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Audit Trail for Operational, Reporting Risk Management and Compliance |
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- Trace all the actions performed and changes made over the organization’s material information across time frames to manage
the risk of “who did what”.
- Easily and graphically query the audit trail logs to enable forensic accounting and selective investigations to mitigate compliance risk.
- Strengthen management’s and auditor’s confidence in the financial disclosures made according
to the required regulations.
- Ensure complete transparency in organizations information management and processes
to build positive perception in the minds
of investors.
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Risk Portfolio Analytics for Process Monitoring |
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- Monitor effectiveness of orchestrated risk management processes on
a continuous basis to further optimize it.
- Real time reporting
functionalities to know about
changes as soon as they happen to
manage the risk snowballing of risk.
- Extensive collaboration features for adequate information flow from top-down, bottom-up and across the organization.
- Get the status of any business process in real time to manage any process risk.
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Robust Internal Controls for Compliance Risk Management |
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- Incorporate robust and standard internal control framework to ensure compliance with existing and emerging regulatory requirements.
- Overcome change inertia towards a compliant environment through
a familiar and friendly system interface.
- Minimize training and change management needs through enforcement of controls
that mimic your existing business processes.
- Strengthen your compliance “backbone”.
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Enterprise Level Implementation for Uniform Risk Management |
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- Enterprise level systems ensure worldwide deployment of system to ensure that everyone speaks
a “common language”.
- Facilitates centralized policy formulation and implementation at the entity level across the organization.
- Optimizes the investment made in risk management and compliance initiatives through wider coverage and lower total cost of ownership.
- One unified platform for risk management as well as compliance to avoid system redundancy and implementation confusion.
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