Benefits

A centralised database provides one version of the truth with data integrity, consistency and standardisation. This eliminates the problem of multiple spreadsheets scattered around your organisation.

Audit trails track responsibility and enable accountability. Recording history allows for trend analysis.

This supports common (transversal) processes, risks and controls which provides uniformity and consistency of information across your organisation and simplifies risk administration.

Drives ownership and accountability of risk management at every level of the organisation.

Facilitates a managed and optimised non-silo based approach to risk management. Provides an early-warning system of the knock-on effects of inter-related risks across the organisation.

Provides pro-active management of risk at all levels of the organisation mapped against risk appetite and tolerance. Trends and benchmarking highlight problem areas in advance enabling you to take remedial action immediately.

The flexible design of your own reports and extracts into Excel enables you to analyse information the way you want to see it.

Facilitates the ownership and ongoing monitoring of tasks which enables management to assess mitigation plans in real-time, driving accountability.

The tracking of actual and near miss incidents provides insight into emerging risks and control breakdowns enabling pro-active remedial action.