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Solutions Designed for Value
Claims Audit
Compliance Effectiveness
Compliance Management
Content Management
Financial and Audit
Internal Audit
Policy Management Software
Incident Management Software
Privacy Breach Management
Professional Services
Risk Management
Third Party Risk Management

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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