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.