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Overview
Compliance Management
Risk Management
Financial Audit
Internal Audit
Claims Audit
Privacy Breach Management
Professional Services
To learn more or
request a personal demo:
Tel: 678.992.0262
Fax: 678.992.0266
Email: contact us |
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Solutions - Risk Management
Compliance 360’s Risk Management Solution assists organizations
with managing the key elements of an enterprise risk management initiative
to enable them to achieve their strategic objectives. Compliance 360
automates processes associated with assessing and monitoring risk,
managing the risk response strategy, linking risk
management data to compliance activities and providing a global view
to all risk-related activities through an executive dashboard. Managers
are able to quickly assess problem areas, proactively adjust processes
to respond to issues and track progress through reports and automated
alerts.
The Risk Management solution assists with all the facets of risk
management and includes key features such as visual representations
of the risk framework, customizable scoring methodology, workflow
enabled processing of risk assessments and control tests, and enterprise
level visibility and reporting.
Summary of Capabilities
| Enterprise Risk Management |
Identify, prioritize and manage risk areas across
the enterprise. Flexible structure accommodates the organization’s
methodology. Assess risk using customizable scoring methodology.
Identify
and automate the management of the controls mitigation strategy.
Includes visual representation of risk frameworks. |
| Risk Assessments |
Complete suite of tools to assess risk based on impact to the
entity and likelihood of occurrence. Customizable workflow processes
to automate the risk assessment activity across multiple business
areas. Ability to measure and compare inherent and residual risk. |
| Controls Testing and Monitoring |
Robust scheduling component that automates controls testing
cycles. Instant notifications of significant issues in the controls
environment. |
| Document Management |
Centralized document management with automated, processing,
version control, audit trails, messaging and extensive collaboration
capabilities. |
| Reporting |
Real-time, configurable reporting tools that provide a global
view of all compliance, financial and risk management activities
with extensive drill-down capabilities. |
| Incident Management |
Collect, store, and collaborate on compliance-related incident
information and track progress of investigations. |
| Contract
Management |
Customized workflow processes that automate collaboration,
establish paths for approval routes and keep everyone on track
for timely revisions. |
| Project Management |
Enterprise-wide project management with automated task management
capability to promote collaboration and accountability. Includes
extensive review and reporting capabilities. |
| Forums |
Manageable knowledge base of “frequently asked questions” (FAQ). |
| Meetings |
Organize and manage all meeting activities, record the minutes
and attendance, and keep track of assigned tasks. |
Benefits
- Reduction of operational surprises and losses
- Increased accountability
- Real-time visibility into risk exposure
- Identification and management
of operational risk areas across the enterprise
- Enforcement of
organizational standards and consistency in the risk/control
environment
- Ability to quickly assess and take advantage of opportunities
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