Risk Management
The module enables you to do:
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.
Benefits
- 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™.
Benefits
- 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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