News
SureCloud’s Risk Manager Application Automates and Streamlines Company Risk Management Processes
January 2016 by Marc Jacob
SureCloud has launched Risk Manager, a cloud application that enables organisations to identify, assess and manage all types of risk, streamlining risk management processes and giving a central view of risk across the enterprise.
Risk Manager replaces ad-hoc, manual spreadsheet-based risk management processes, and makes it easy to harmonise processes across business units for identifying and managing all types of internal and external risks, including market, operational, project, legal, IT, financial and reputational risks. The solution lets organisations simultaneously support multiple Risk Frameworks, such as COSO and ISO.
The SureCloud solution provides pre-built risk assessment templates, support for multiple risk libraries to record and categorise risk events, and risk registers to consolidate information from risk assessments, such as description, likelihood, impact, controls and mitigation activities. It automatically creates alerts and tasks to notify users of control failures resulting in increases in risk, which need investigating as a priority. A suite of dashboards and reports allow aggregation of risk across the enterprise in real-time, providing summary or granular analysis and reporting.
Risk Manager is part of SureCloud’s GRC Suite, which provides key capabilities across the following areas: Third Party Risk Management, Compliance Management, Audit Management, Policy Management, Incident Management and Business Continuity Management on the SureCloud Platform, its cloud system that supports and delivers its GRC services.
