The ERM framework must be context-driven and modeled across all lines of business, as different functions are vulnerable to different types of risk and at different levels. Finally, ERM must consider both internal and external risks and consider how those risks can also create opportunities. No matter what your business goals are, enterprise risk management can help you achieve them. Although every company practices risk management in some way, a formal ERM process puts methodologies and practices in place so you can systematically increase your chances of success.

Nrisk is a secure online enterprise risk management tool that provides your organization with control assessment at the enterprise level, in real-time. With a clear understanding of risk with ERM platform, you can improve exam readiness and reinforce strategic planning. Establishing a consistent risk assessment method to identify high-risk activities risks and opportunities for improvement is critical.

What is Enterprise Risk Management?

Define custom risk management actions and document all decisions in a clear manner. Set up automatic notifications to communicate assignments, responsibilities, approval status, and overdue tasks. On the other hand, going the SaaS route is usually seen as the cheaper alternative. You get access based on the total number of users and don’t have to worry about hosting and whatnot. Everything is cloud-based, and you get access to whatever, whenever you want, without the slightest hassle. The downside is that you have no control over server issues, downtimes and security incidents.

Our ConnectedGRC and three product lines – BusinessGRC, CyberGRC, and ESGRC – is based on a single, scalable platform that supports you wherever you are on your GRC journey. If you plan to use a risk management software to assist with security, you’ll want to make sure that the product you choose has the specific cybersecurity risk management you may need. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real-time.

Compare 2022’s Best ERM Software

It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. It computes incremental XVA costs and sensitivities in real time and pre-deal, while structuring new trades. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. The solution covers credit valuation adjustment , debt valuation adjustment , funding valuation adjustment , initial margin valuation adjustment and capital valuation adjustment . The Risk Register in isorobot helps in gaining control over every single risk that has a proper budget plan, impact analysis, and assessment.

• For example, distributed denial-of-service attacks are targeted attempts to interrupt web services.
• In our fast paced world, the risks we have to manage evolve quickly and we need to make sure we minimise their threats and maximize their potential.
• We connect governance, risk management and compliance across the extended enterprise.
• Optail comes with built in multi-language reporting, dashboards, heat-maps, trend charts, tables and more.
• ClickUp’s feature-rich experience makes work management a breeze and benefits teams across industries.

Complete the form and our team will be in touch to schedule a time that works for you. When you need additional assistance our global certified solution provider partner network is ready to help. Meet our incredible customers who are building awesome things, and our leadership team that are committed to building a great company. Our tools integrate with over 50 different applications to help you work smarter and faster. Discover great tips, discussions, and technical solutions from fellow customers and Inflectra’s technical experts.

Turn Enterprise Risk Management Into a Strategic Advantage Improve compliance, increase public confidence and exceed your goals with a tailored, scalable ERM program. Assess, manage and remediate third-party and vendor risk in one unified, scalable program. Join Lisa Edwards, Diligent President and COO, and Fortune Media CEO Alan Murray to discuss how corporations’ role in the world has shifted – and how leaders can balance the risks and opportunities of this new paradigm. Download this report to explore why cyber risk is rising in significance as a business risk.

Enterprise liquidity risk

While no ERM software is 100% effective, it can significantly soften the blow of attacks and ensure your company’s ability to meet objectives is not compromised. At Inflectra, we are fully committed to provide our customers with the very best products and customer service. We provide a number of resources to help customers learn how to get the most out of our products, with free online resources, virtual classrooms, and face to face. We are constantly creating new videos to help customers learn about our products, including through in depth webinars, all freely available along with a wide selection of presentations. From financial services to healthcare and biotech to government and defense and more, we work with our customers to address their specific needs.

Oftentimes, RMS and Governance, Risk & Compliance Platforms are discussed interchangeably, even by product vendors. GRC solutions are designed to help with compliance with industry standards and governmental regulation. Risk is managed by GRC platforms, but only with regards to risk aversion strategies that prevent legal or professional sanction. The solution supports full management of limit excesses, whether caused by intraday activity or end-of-day batch.

Corporater is a global software company that enables medium and large organizations worldwide to manage their business with integrated solutions for governance, performance, risk, and compliance built on a single platform. Experience the business impact of moving from unstructured data and disaggregated risk assessments to a multiuser, integrated platform that represents the organization’s risk profile in a single view. AssetWorks helps users manage assets like vehicles, buildings, infrastructure, facilities and more. Its offerings include management of fleets and fuel, enterprise risks and assets, surplus assets and more. It streamlines processes and improves operations through better facility staffing, machinery management and workflows. It helps users handle consumables, equipment and properties efficiently and cost-effectively.

ERM does not replace high-level strategy and planning, but it is a key component of ensuring a successful organisation. ERM is now an integrated part of corporate decision making that ensures a structured understanding of the business activity, volatility, and project opportunity/threat to support the organisation’s objectives. Using Diligent Compliance’s dashboards and reports, administrators can analyze compliance requirements, identify issues or discrepancies and build suitable remediation strategies. Administrators can leverage best practice frameworks and standards to measure the efficiency of ongoing compliance programs in accordance with organizational, jurisdictional, and industry regulations. All Corporater solutions can be seamlessly integrated with one another allowing you to start with one solution and add more later as your organization’s needs evolve.

STREAM Integrated Risk Manager from Acuity Risk Management

In the way of risk management—and with the help of its user-friendly code—Lendflow helps you manage compliance, rule-based workflows, and risk assessments. IT security teams contend with new risks every day from ransomware, hackers, and software bugs. A risk management information system will provide the team with structured workflows, policies, and tools to assess risk across the enterprise.

StandardFusion features for risk management help users to identify, assess, and treat risks by leveraging the platform’s integrated threat library. Once a risk is identified, users can assess them using one of the various built-in qualitative and quantitative risk methodologies, or define custom calculations. StandardFusion allows users to map all risks to mitigating controls to demonstrate how the organization treats its most critical threats.

Risk analytics provide actionable insights on a business’s risk exposure, allowing the risk owners to take action. Additionally, the organization can log each risk mitigation activity into the ERM tool, providing corporate governance and a clear audit trail. By logging risk treatments, businesses can also act faster the next time they encounter a similar risk. The best risk management platforms use risk data to identify and assess dependency risks that could derail a planned project or essential business functions. Diligent Compliance is a risk management solution designed to help organizations maintain regulatory compliance across internal and external processes to improve business continuity.

iRely Trading & Risk Management

It allows users to streamline international trade by automating document generation and order validation against border regulations. Its intuitive dashboard simplifies data visualization while allowing admins to control employee access across different levels. Users can automate task assignments, employee role management, periodic certifications and scan users and applications for vulnerabilities. Synergi Life is a risk management tool by DNV GL, targeting enterprise-level business applications. The platform helps users manage risk assessments and analyses, non-conformances, audits and provides a channel for suggestions for improvement. It also uses workflow processes to help teams communicate, report, manage corrective actions and experience transfer, trends and KPI monitoring.

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Use an efficient Enterprise Risk Management program to continuously detect, evaluate and monitor risks – before they become a problem. Our innovative solution packages are designed to fit enterprise software for 2031 the exact needs of our customers while being scalable, repeatable, and configurable. Through our Gartner and G2 recognized software, we empower organizations to build a better tomorrow.

Simplify and visualize risk data with SharpCloud for enhanced understanding and insight. Keep your organization prepared for the unexpected with Corporater risk planning and early risk identification. There can be several other ERM solutions more suitable for your area of expertise. However, if you are going in blind, Resolver can be a strong contender based on its capabilities alone. Depending on the nature of your business and predominant mode of employment, you’ll have to choose a deployment strategy — either on-premise or cloud-based. Use data visualizations, interactive dashboards and heatmaps to identify trends and further shore up your defenses.

SAP Risk Management

Decision Focus guides your staff through a logical, intuitive process that delivers a more objective, evidence based view of risk at all levels of the organisation. Real time dashboards and notifications direct you to where you need to focus to reduce uncertainty and move forward with confidence. Mortgage Lenders Mortgage lenders have unique compliance and risk management needs. We help you prevent costly errors, maximize opportunities to expand your business, and stay compliant. AuditBoard is a cloud-based audit management software solution from the company of the same name in Cerritos. Utilize Artificial Intelligence and facility camera systems to monitor site operations and job tasks to identify risks and incidents for timely follow-up through Benchmark applications.