SoftExpert ERM software enables organizations to identify, analyze, evaluate, monitor, and manage their enterprise risks using an integrated approach. It brings together all risk management related data in a single comprehensive environment, including a reusable library of risks and their corresponding controls and assessments, events such as losses and non-conformities, key risk indicators, issues and treatment plans. The workflow feature streamlines the risk assessment process, while risk heat maps enable organizations to set their priorities and make strategic decisions based on risk levels.
Enterprise Risk Management [ERM]
The software serves as the foundation for the company's enterprise risk management efforts through its ability to unite and support different risk categories – strategic, financial, security, compliance, environmental, assets, products, processes and projects, which is accomplished along with other risk family solutions, such as Operational Risk Management, IT Risk Management and General Compliance Management. SoftExpert ERM was designed to be flexible and configurable. Whether organizations support the risk management standards defined by the PMBOK, ISO 31000, COSO, FERMA or Solvency II, the solution can be easily configured to support company’s unique requirements.
Supporting risk assessment and calculations based on configurable methodologies and formulas, the solution enables companies to obtain a comprehensive view of their risk profile, and prioritize their risk strategies for the best risk/reward outcomes. SoftExpert ERM software offers the latest risk calculation tools for accurately weighing the impact, frequency and results of risk, from the potential to residual stages.
SoftExpert software for enterprise risk managament offers different alternatives to execute risk mitigation and keep risks under an acceptable level. Organizations can rely on a fully integrated project management system to select, implement and monitor risk responses being supported by an entire set of capabilities offered by a robust project management system. Action plans and remediation activities make the process of managing risk response strategies easy, offering simple alternatives for risk treatments.
The risk management component is provided as a core element of SoftExpert GRC software. Consistent design and integration with GRC (Governance, Risk and Compliance) functions, including regulatory compliance, internal auditing and strategy planning, ensures that organizations can cost-effectively establish a comprehensive enterprise risk management process. The consistent design and architecture of all SoftExpert applications also provides great flexibility, allowing organizations to start with highly targeted projects and expand the scope to support the multiple requirements of the entire enterprise on a single platform.
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Enterprise Risk Management [ERM] | SoftExpert
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