Moving from unstructured data to enterprise-wide risk oversight

In a rapidly changing business environment, organizations?need to take a proactive approach to risk management?to protect the business, reputation, and customers by using smart enterprise risk management technology.

Enterprises using #ERM technology can support risk managers to establish a robust ERM framework that allows them to consolidate all risk data into one central hub, monitor key risk indicators (#KRIs) and risk exposure across multiple departments and business units, conduct risk assessments, manage various types of risks, and report on risk mitigation controls measures.

Typically, a good enterprise risk management solution will enable organizations to:

• Develop an enterprise-wide #riskmanagement strategy and be prepared for any risk that may arise.
• Identify and communicate risk throughout your business in a proactive manner, iteratively analyze and prioritize issues, and implement remediation measures.
• Create customizable executive and role-based risk dashboards to see risk data at multiple levels of your organization, conduct risk assessments, assign risk owners and manage risk mitigation action completion.
• To be reminded about assignments and overdue work, set up automated alerts and notifications.
• Evidence resources (people and technology) are available for proactive risk management, and roles and responsibilities are properly communicated and documented.

There is a real business impact that can be experienced by moving from unstructured data and disaggregated risk assessments to a multiuser, integrated platform that represents the organization’s risk profile in a single view.?

We have created an infographic 'ERM technology features à la carte' that can help you pick the right features while considering the enterprise risk management technology for your organization. Access it now.

Download Infographic>>

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Risk

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Compliance

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Corporater offers a single platform and integrated solutions for Governance, Performance, Risk, and Compliance (GPRC).

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