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Enterprise Risk Management Technology

Produce comprehensive risk profiles

Expand risk management into the enterprise

Roll out your ERM process covering risks, risk assessments, controls, actions/treatments and associated reporting.

Maximizing value from your ERM process

Improve, real-time reporting and analytics to help you make better risk-based decisions.

Integrate ERM, safety, audit and insurance management

Use a single technhology platform across ERM, safety, audit and insurance activities.

Gain efficiency

Reduce the effort in managing your ERM process with better workflow, aggregation, consolidation and reporting.

Once you’ve established an ERM process, Ventiv provides immediate value by supporting the efficient integration of ERM into your enterprise’s existing management processes.

Ventiv facilitates the collection of risk information and empowers you to manage it in a consistent fashion in line with your ERM framework. Ventiv makes your organization's ERM program more transparent, traceable, efficient and effective.

ERM Across Enterprise

Rolling out ERM across the Enterprise

With your ERM framework and process established, you are now at a stage to move away from ad-hoc spreadsheets and integrate ERM into your organization.

  • Allow the risks to be identified and assessed;
  • Identify each risk’s control landscape;
  • Establish an action plan to accept, transfer, treat or eliminate the identified risks;
  • Monitor and report on the risk landscape and progress on actions;
  • Embed risk management and drive best practices.

Help your ERM framework live up to its potential

Successful ERM programs help senior management and boards better understand critical risks—both existing and emerging—and the potential impact of those risks on financial performance and operational health. Ventiv helps support this by providing the reporting and analytics to help you promote a culture of risk-based decision-making. Facilitating the analysis of the top and emerging risks to allow focus on actions to improve the risk landscape of your organization.

ERM Risk Register
ERM Integrated

Let ERM and insurance work together

Ventiv will let your ERM and insurance management activities work together under the same risk technology solution. Allowing separate activities and processes or combined as appropriate:

  • Integrated incident and loss reporting, including corrective measure tracking and root cause analysis.
  • Linking of risk-transfer controls with the actual insurance policies.
  • Sharing of common operational information including company hierarchy.

Efficient use of resources

Avoiding the use of risk register spreadsheet silos, Ventiv allows the easy distribution of the ERM processes with:

  • Automation to help you keep on top of monitoring tasks and workflows.
  • Dynamic aggregation and consolidation as needed for reporting and analytics, allowing for easy, different slicing and dicing.

HIERARCHY SUPPORT

Ventiv supports your organization's unique hierarchy so that risks can be mapped to your distinct business structure. Multiple hierarchies also supported covering product, project, service or other unique needs.

MULTIPLE CATEGORIZATIONS

Ventiv supports multiple categorizations of risks, including those based on standard risk categorizations or categorizations specific to the organization's business to allow contextualizing and reporting of risks based on your needs.

IMPACT ASSESSMENT

Ventiv allows you to assess the impact of risks from a probability and severity basis on an inherent, current and target perspective. This can use scoring systems unique to your organization and can support different scoring levels (or multiple) based on the business unit’s appetite.

FULL AUDIT TRAIL AND CHANGE TRACKING

With every change tracked, Ventiv provides the perfect environment for compliance audits and also allows you to easily spot emerging risks and trends between reporting periods.

IDENTIFY RISK CONTROLS

Ventiv lets you identify risk controls in place as well as those that should be implemented for each risk. Ventiv documents each control, including the benefits and costs of implementing the controls, to help establish implementation priority.

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Our team can help your organization solve its risk, claims and safety management software needs.

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