Enterprise Risk Management

• Identify, quantify, manage preparedness and monitor Enterprise Risks
• Risk Register
• Group risks by risk area, category, type
• Risk Owner Assignment
• Assessments for risk likelihood, impact and controllability
• Automated Risk Ranking
• Mitigation Program Testing and Assessments
• Third Party Risk Assessments, Testing and Attestations
• Assess risks directly or as common risks across accounts, processes, or controls
• Event Logging

• Event Analysis Management
• Customizable Workflows
• Exception Notifications
• Issue Management
• Heat Maps
• Reports and Dashboards
• Organize and view risks by key attributes: function, geography, impact, controllability, owner, compliance impacts, etc.
• Management and Mapping of Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs)
• Populate Audits from ERM Risk Registry
• Define and Manage Risk Response

The tool supports a COSO or CobIT based approach to risk assessment, working from the identification of Business Objectives and Risks through the documentation and selection of Risk Responses. At any point in the process the DoubleCheck™ Risk Analysis tools can demonstrate exposure gaps or residual risk from either an enterprise-wide or individual business unit perspective.

Extensive reports provide information throughout the risk analysis process, including risk effects across multiple entities, heat maps, and cost/benefit analyses of diverse risk responses. Having the company’s risk assessment information integrated with compliance and testing data allows potential losses to be immediately determined when exceptions are identified. Both manual and/or automated exception reports can be generated to alert the appropriate parties.