ENTERPRISE RISK MANAGEMENT SOFTWARE

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Software Tools for Effective Risk Management and Reporting

Configurable workflows,  role specific work benches and powerful real time alerts and reports enable a high performance risk management environment.

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Risk Identification, Assessment and Management

You need to be able to build and maintain your risk universe and systematically rate risks based on consistent, quantifiable standards. This includes describing, classifying, scoring, and identifying drivers and trends. DoubleCheck’s tools allow your organizations to examine, assess and manage inherent risks, mitigation and remediation plans and resulting residual risks. These can be reported and compared to your organization’s risk appetite.

Risk Monitoring and Reporting

You need to monitor your ongoing risk performance and receive notifications of material changes to risks or overall performance. Monitor and report on your organization’s risk profile in real-time. Visualize performance with role based dashboards and advanced reporting capabilities. DoubleCheck’s powerful role based visuals provide easy to grasp insights of risk performance. You will be able to increase speed of review, draw conclusions and proactively identify trends.

Room to Grow

You’d like to bring together risk, audit, compliance and control information across business and its relationships. Important findings in compliance or audit automatically updated your risk profile and initiate appropriate stakeholder notification and action. In addition, you can incorporate our advanced analytic capabilities and uncover additional insights about your risk program. And of course, upgrades are straightforward and data can be shared and used across modules.

DoubleCheck Enterprise Risk Management Software

Understand, Visualize and Communicate Your Risks and Risk Performance With ERMDoubleCheck Enterprise Risk Management provides a secure, centralized environment for risk identification, assessment and management. With DoubleCheck’s flexible web-based ERM solution, you will be able to identify and evaluate your risks by entity and/or organization and link those risks to associated risks, controls, regulations, standards or other relevant documentation. You will be able to schedule periodic risk reviews with associated updates and approvals. You will have a real time view of your risk profile relative to your risk appetite to understand key risks and their potential impacts, risk events and their actual impact, and manage your most important mitigation and remediation plans. Results and real-time updates can be reported through dashboards, reports and email based notifications. In short, you can be confident your firm has a demonstrable, robust risk management program.

Enterprise Risk Management Software Highlights

  • Maintain your risk universe with complete information including scores and trends
  • Understand your inherent and residual risk profile over time relative to the risk appetite
  • Classify and assess risks by one or more type (commonly strategic, operational, financial, PR)
  • Understand which risks are key, which mitigation and remediation plans are of greatest importance, and where transferring risk is appropriate
  • Assure risks, scores, mitigation and remediation plans are periodically reviewed, updated and certified by appropriate people and organizations
  • Conduct risk surveys to assure relevant risks have been identified and are managed
  • Demonstrate compliance with risk management standards such as ISO 31000
  • Keep all stakeholders informed of risk status and performance with email notifications, dashboards and reports
  • Publish on-demand, board ready reports

Enterprise Risk Management Software Solutions

Document Your Risks

  • Import your risks in your structure
  • Include additional information and documentation, such as mitigation plans, remediation plans, associated controls, audits or insurance

Assess Your Risks

  • Perform regular assessments of risks, assuring scope and impact is current, mitigation and remediation plans are up to date and appropriate management has reviewed and approved the results
  • Perform regular surveys to assure potential new risks are identified, reviewed and considered

Understand Your Risks

  • Consolidate risk management results using consistent standards to understand your performance relative to your risk appetite in a one and multi-year view
  • Analyze inherent and residual risk exposure by organization, division and process
  • Analyze exposure by categories you choose, commonly strategic, financial, operational and public relations
  • Roll up results by any or all of these dimensions

Manage ERM Action Plans

  • Based on risk scores or risk events, create a set of action plans for improving residual risks
  • The workflow automation will assure plans are executed, reviews held and results updated, with reminders to responsible parties and notifications as appropriate
  • Management will have a full view to the status of risks at all times, with a view to “who has” and “where is” for risk

Report on Risk Management Activities

  • Use real time dashboards and reports to get a consolidated view of your risk management status and results
  • Filter results for organization or entity specific views
  • Get automatic updates of key information, such as reviews past due
  • Email information in multiple formats, including interactive PDFs, excel files and board-ready reports
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