ENTERPRISE RISK MANAGEMENT SOFTWARE

The BarnOwl risk management module facilitates a structured and systematic approach to risk management by providing an effective way of prioritising and managing risk and opportunity across the organisation in pursuit of business objectives and strategy. BarnOwl provides a unified view of risk and gives management and staff at every level the ability to identify, assess, manage, monitor and report on risks.

BarnOwl provides an early warning system, drives ownership for risk mitigation, and delivers risk intelligence reporting assisting with business growth and sustainability. The BarnOwl risk management module supports and embeds best practices frameworks such as COSO, ISO31000 and The National Treasury Framework.

Risk Management Process

Benefits of using BarnOwl Risk Management

• Facilitates and embeds risk management in your organisation making risk management a ‘living’ activity which is integrated within the business and its operations.
• Incorporates built-in best practice frameworks such as COSO, ISO31000 and the National Treasury framework.
• Enables a simplified and streamlined approach to risk management with consistent risk taxonomy and centralised risk library.
• Supports the automation of risk and control self-assessment voting, surveys and checklists.
• Enables ‘live’ updating and monitoring of action plans.
• Facilitates an integrated approach rather than a silo-driven approach to risk management by linking related risks across the organisation and monitoring the knock-on effect of risks, key risk indicators, incidents, controls, causes etc.
• Provides a built-in, flexible reporting engine with grouping, sorting, filtering, trend analysis, heatmaps, scorecards, bowtie etc. Showing you a view of your risk universe at any level of the organisation.
• Provides advanced business intelligence reporting with full drill down graphical analysis on any risk dimension