Risk Management

Aurex™'s Risk Management module stands out for its comprehensive approach, providing users with a robust framework to identify and assess various risks. Through its systematic approach, the module enables organizations to conduct thorough risk assessments across multiple dimensions, including financial, operational, and strategic aspects. By offering a wide range of risk identification tools, such as risk registers, scenario analyses, and historical data tracking, Aurex™ empowers users to gain a holistic view of potential risks that could impact their operations.

The Risk Management module of Aurex™ is enriched with a comprehensive risk library, offering a repository of predefined risks categorized by industry standards and best practices.

The module enables you to do:

Enterprise Risk Assessment
Categorization and Prioritization
Risk Evaluation
Organizational Health Monitoring
Industry Challenges
  • Fragmented Risk Data: Enterprises struggle with fragmented risk data across multiple systems and departments.
  • Lack of Standardization: Inconsistent risk assessment methodologies and lack of standardized processes hinder effective risk management.
  • Poor Visibility: Limited visibility into emerging risks and their potential impacts on the organization.
Aurex™ Solutions
  • Centralized Risk Data Repository: Aurex™ offers a centralized repository for all risk-related data, facilitating easy access and comprehensive analysis.
  • Standardized Risk Assessment Framework: Aurex™ provides standardized risk assessment methodologies and workflows, ensuring consistency and accuracy in risk management practices.
  • Real-time Monitoring and Alerts: Aurex™ enables real-time monitoring of risks and alerts users to emerging threats, enhancing proactive risk management.
  • Improved Data Integrity: Aurex™'s centralized repository ensures data integrity and eliminates the risk of data duplication or inconsistency.
  • Enhanced Decision-making: Standardized processes and real-time monitoring enable informed decision-making, leading to more effective risk management strategies.
  • Proactive Risk Management: Real-time alerts and comprehensive risk visibility empower enterprises to proactively identify and mitigate risks before they escalate.

Risk Controls

Aurex™ Internal Controls module, aka Risk Controls module, saves time and accords a greater degree of control and certainty on pertinent matters. With one-click data retrieval and many-to-many relationships connecting risk and controls, easy impact analysis is facilitated.

Industry Challenges
  • Generally, a manual updating of the Internal Controls Framework is required for each of the controls as to their status.
  • Impact analysis of multiple controls on the verity of risks will involve manual intervention or interference.
  • Tracking and reporting issues is a manual activity.
Aurex™ Solutions
  • As the tester performs the activity, the status of the controls, the phase at which the control stands, and associated data are updated in real time.
  • Aurex™, to simplify the solution, has built-in many-to-many relationships with risk and controls, rendering easier impact analysis.
  • One-click data retrieval with Aurex™.
  • Save time even as the latest updates provide the relevant stakeholders with a greater degree of control.
  • Save on time. Experience an enhanced degree of certainty.
  • Easy validation enabled, thanks to enhanced opportunities to collaborate with stakeholders.

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