Risk Management

The eBMS System enables you to proactively address reputational, financial, operational and IT risks against your corporate objectives. This web-based solution delivers a central management system for identifying risks, evaluating their likelihood and impact, relating them to mitigating controls and tracking their resolution.

Features

• Build a registry of potential risks, documenting their source and nature, impacted business units and stakeholders, and related corporate objectives, key risk indicators and mitigating controls.
• Track and catalogue operational risk through project management and risk assessment activities.
• Drive risk assessment workflows to ensure correct data gathering and management sign-off
• Use different dimensions of risks, like Financial, Reputational, Legal, Safety, Health or Environmental
• Assess inherent (gross) risk and residual (net) risk
• Generate and resolve findings to reduce risk

Benefits

• A standardized approach to identifying, evaluating and responding to risk with the flexibility to make overrides as necessary without custom code
• Manage your risk management function from risk identification to treatment utilizing a complete lifecycle of Inherent, Residual and Operational Risk