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Enterprise Risk Management Technology

Are you ready to evolve to the next level of ERM maturity?

Ventiv’s ERM module empowers you to manage risk across your enterprise, facilitating the distribution of risk management to a broader set of key stakeholders, whilst providing you with all the control and oversight.

Expand risk management into the enterprise

Enhanced intake tool to easily roll out your ERM process for updates on risks, controls and actions plus powerful reports and analytics for distributing insights.

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’s ERM module can be easily adapted to match your specific framework including appetite, assessment and scoring definitions. Allowing you to consolidate multiple spreadsheets into a single source of the truth, whilst still providing different viewpoints (e.g global, regional, local).

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. Ventiv’s new technology platforms; Capture for intake and RiskConsole Advance (RCA), make it even easier and allows efficient use of resources.

  • Allow the risks and controls to be identified and assessed;
  • Establish an action plan to accept, transfer, treat or eliminate the identified risks;
  • Support control tests and reviews as part of your compliance activities;
  • Monitor and report on the risk landscape (including KRI’s) and progress on actions;
  • Embed risk management and drive best practices;
  • Automation of your workflows and dynamic aggregation and consolidation

Help your ERM framework become more than just a compliance exercise

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 Screens
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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.

How are you assessing your risks?

Ventiv’s ERM module includes the classic risk assessment, using impact versus likelihood scoring system for inherent, residual and target scenarios. However, does this always help your board spot the key risks, or does it just identify the risks you already know about? RCA has the flexibility to amend the scoring system to meet your needs and better help your board manage risk:

  • Incorporate risk velocity
  • Purely look at minimum and maximum impact ranges
  • Utilize a completely different methodology (cf CARVER)

HIERARCHY AND CATEGORIZATION SUPPORT

Ventiv supports your organization's unique hierarchy so that risks can be mapped to your distinct business structure. Multiple hierarchies are also supported covering risk, product, project, service or other unique needs. These allow easy aggregation and consolidation up to high levels in their structure.

AUTOMATED WORKFLOW ALERTS

Ventiv allows you to manage and have oversight of your risk processes, with automated emails to alert and remind of actions. Plus, review and approval steps to evidence compliance with your corporate standards.

SIMPLIFIED INTAKE FORMS FOR THE NON-RISK PROFESSIONAL

Ventiv’s Capture tool allows the risk manager to easily collect updates from across their enterprise; with custom built forms that can be tailored around your particular ERM framework and processes, plus options for both desktop and native app usage, provides stakeholders a non-challenging and easy to use step up from excel.

  • Risk event reporting
  • Risk assessments
  • Risk register approvals
  • Attestations

FULL AUDIT TRAIL AND CHANGE TRACKING

Ventiv’s ERM module provides a full audit trail of all changes made to your risks. Allowing you to see each individual risk assessment, plus at a more detailed level, every field change. This allows you to easily generate reports of any specific period, as well as comparing periods to spot any emerging risks or trends.

INTEGRATED REPORTING AND ANALYTICS

Ventiv provides a comprehensive range of reporting and analytic capabilities, to allow timely insights and identification of risk trends and outliers.

  • Text searching and mining
  • Data discovery dashboarding
  • Standard and custom reports for board reporting



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Experience Greater Clarity and Efficiency Now.

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

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