Strategy

Risk assessment teams are responsible for reporting enterprise risks and any changes in their rating. Boards and senior executives require constant monitoring of changes to enterprise risks to ensure organisation goals and profitability targets are on track.

Risk managers would like to know if an enterprise risk could increase because of an event at the ground level. Such detail can be gathered from reports of internal audit reports, continuous controls monitoring, events, or key performance indicators (KPIs). Obtaining such information manually and studying their impact may cause delays in response time to critical enterprise risks.

Check out our Solutions page for examples or our Technology page for details.

Technology allows an ongoing assessment by integrating enterprise risks with internal controls, exception reports, and KPIs.

  • Automation permits linking risks to events, numbers, KPIs or operational control failures and hence, ratings are calculated with no manual intervention.
  • Analytics enables assimilation of data into reports that can be used to develop metrics.
  • Metrics allow development of reports based on KPIs
  • Cloud solutions allow online risk workshops, updated risk assessments, live monitoring of risks and ease of accessibility.