Risk Management is the key component for any organization to identify and mitigate threats. Due to increasing and complex business process and integration with multiple tools, processes, and ever increasing regulatory compliance requirements, regular risk assessments and risk management is inherent to any organization. Definition of Risks can vary from organization to organization and can have multiple business needs to address the risks. While maintaining the Enterprise Risk Management (ERM) program it is critical to identify the risk at all levels and perform both automated and manual questionnaire based risk assessments to ensure no unwanted questions are left out.
Organizations can create their own Heat Map , there own formula for risk assessment.
Perform risk management using your own Risk Formula / Matrix
Visualize risk across the organization using the risk trend analysis, visualize trend monthly, quarterly, half yearly or custom dates
Compliance Foresight Risk Management offers both Automated risk assessments and Questionnaire based risk assessments that can help organizations manage the Risk management program effectively. Any organization has major requirement of audit report fully automated and reduce task for multiple changes. Fully compliant report writing is an area where Compliance Foresight specially focuses to map all required compliance parameters and generate detailed word and pdf report so that customer can focus on operations while keeping consistent reports across the operations.
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