The ISO 31000 Standard offers generic orientations for risk management. ISO 31000 sets out principles, a framework, and a process for the management of all forms of risk, in all organizations, regardless of size. It does not mandate a one-size-fits-all approach, but emphasizes tailoring the principles and guidelines to the specific needs and structure of the organization.
Organizations of all types and sizes are facing a range of risks that can affect the achievement of their objectives. All activities of an organization involve risks. Risk management supports decision making by taking account of uncertainty and its effects on achieving objectives and assessing the need for any actions.
SoftExpert offers the most advanced and comprehensive software solution for risk management, that meets the demanding needs of various global regulations. SoftExpert Excellence Suite (SE Suite) helps companies to comply with ISO 31000, while lowering the costs, maximizing success, increasing productivity and reducing risks.
The SoftExpert solution enables organizations to easily meet ISO 31000 requirements, providing resources to manage risks, controls, action plans, and also trainings, non-conformances, KPIs, processes and others, boosting organizational efficiency, establishing a common terminology, as well as standardizing best practices and frameworks. With online collaboration capabilities, the organization and managers can communicate and be updated about the compliance initiatives, involving more users, teams, offices and business units with a systematic and unified approach to obtain excellence in risk management.
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When implemented and maintained in accordance with ISO 31000 International Standard, risk management enables an organization to:
- Encourage proactive rather than reactive management.
- Be aware of the need to identify and treat risk throughout the organization.
- Improve identification of opportunities and threats.
- Comply with relevant legal and regulatory requirements and international norms.
- Improve financial reporting.
- Improve corporate governance.
- Improve stakeholder confidence and trust.
- Establish a reliable basis for decision making and planning.
- Improve controls.
- Effectively allocate and use resources for risk treatment.
- Improve operational effectiveness and efficiency.
- Improve incident management and prevention.
- Minimize loss.