eRiskinfo Overview

Enterprise Risk Management Solution
Business enterprises exist to create value for their shareholders and maximize this value on a continuous basis. To do so, organizations set up long term and short term business objectives and spell out strategies to achieve them. The strategy involves people, processes and technologies to meet with those strategic, operational and tactical objectives. Each one of these involves future uncertainties and associated events posing risks and opportunities for the organization.

It is imperative for organizations to be able to differentiate between risks and opportunities that may arise in the future. Opportunities contribute positively to creating value while risk should be managed comprehensively to minimize possible negative impact on creating value.
 

Fully aligned with COSO’s ERM framework, eRiskinfo is an Enterprise Risk Management solution that empowers management to move to a comprehensive risk management process with a holistic approach and implement required controls on people, processes, and methodologies. eRiskinfo provides powerful and fully configurable business process management, policy enforcement and administration, content management and real time monitoring capabilities to mitigate risk on a wider and deeper scale. It facilitates the top-down approach of risk management process formulation and its internalization into the strategy and operations organization wide. It helps you implement varying degrees of internal controls based on your organizations business processes, prevailing definitions, policies and risk management framework.

eRiskinfo can adapt to the way your organization looks at risk and its risk appetite. It allows you to set the events which it can identify as risks and provides a mechanism to manage them. It then enables the enforcement of policies and procedures to ensure the desired risk response through a collaborative and informed employee performance organization wide. eRiskinfo also provides an effective monitoring platform for management and the board of directors to maintain an oversight over the process on a continuous basis.

In summary, eRiskinfo provides a broad, comprehensive, extensive and robust platform for risk based business management, and for implementing internal controls as required by SOX 404.

Solution Highlights

Support

System Requirements