When increasing regulatory pressures like Sarbanes-Oxley, Basel III, and other governance obligations have you searching for a way to better manage risk, look no further than CorRisk. Risk management activities throughout the organization are monitored, essential workflows are automated, and stakeholders are alerted to potential threats so risk management obligations can be fulfilled.
Monitor risk throughout the enterprise.
CorRisk is a purpose-built enterprise risk management solution that supports various risk management frameworks. Whether you need to monitor credit, regulatory, and operational risk—or risks related to your strategic objectives, business plans, and key business drivers—CorRisk has you covered. With its historical repository of loss events and near misses, and escalations and alerts for compliance risk and process failures, CorRisk provides the peace of mind needed to ensure your enterprise is risk-free and compliance-focused.
**collect, consolidate, and secure data.
CorRisk allows periodic risk data to be automatically loaded from disparate corporate data systems and information sources, submitted via email, or manually entered via web forms. Your data will never fall into the wrong hands with CorRisk’s access-limiting security profiles.
Increase risk management accountability.
CorRisk allows information to be controlled in a secure, integrated environment that can be fully audited. Plus, every object is owned and/or maintained by a specified individual, enhancing risk accountability throughout your organization.
Control and analyze risk factors.
Forget about 20/20 hindsight. CorRisk offers 20/20 foresight. Predictive forecasting and causal modeling enable analysis of potential financial impact of risk, while deep drill-down from risk maps provides an understanding of why control failures occur—making risk management easier on you and your organization.
Develop deep risk reports.
CorRisk simplifies your risk management activities by enabling you to develop risk reports for monitoring and managing risk by process, company, business unit, business driver, and objectives—providing managers with a real-time understanding of risk
Control strategies and subordinate tasks. Personalized dashboards, risk maps, and enterprise reporting keep you informed, while reports can be shared easily through simple web delivery.
Communicate risk scenarios and plans.
CorRisk provides secure and consistent electronic communication for all risk-related content throughout the organization. Commentary on key risk indicators (KRIs), risk scenarios, risk controls, and actions can be shared easily with relevant stakeholders. Your risk-related knowledge will increase as decisions, actions, and plans are recorded and communicated.
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