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Integrate your ERM strategy with your current management processes.
With a successful ERM program, key stakeholders can better understand critical risks and the potential impact of those risks on financial performance and operational health.
Promote a culture of risk-based decision-making with advanced reporting and analytics. By analyzing top and emerging risks, you're better positioned to focus on actions that improve your organization's risk landscape.
Now your ERM and insurance activities can work together in the same solution. Distinct activities can be handled separately or together, as appropriate:
Classic risk assessments can fall short in highlighting key emerging risks. Now you can amend the standard scoring system to meet your needs and convey your results effectively to executives.
With total control and flexibility, the power is in your hands to make strategic decisions to benefit your organization.
Support your organization's unique hierarchy so that risks can be mapped to your distinct business structure. You can use multiple hierarchies to cover risk, product, project, service, or other unique needs.
Provide a full audit trail of all changes made to your risks. This allows you to see each individual risk assessment—and, at a more detailed level, every field change. With this capability, you can easily generate reports for any specific period, as well as comparative periods to spot any emerging risks or trends.
Manage and have oversight of your risk processes, with automated emails to alert and remind you of action items. Plus, review and approve steps to demonstrate compliance with your corporate standards.
Quickly identify risk trends and outliers with advanced analytics.
Easily collect updates from across your enterprise. Use custom forms tailored to your ERM framework, with options for both desktop and native app usage.
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