Enterprise Risk Management Software ERM Software

MX.3 gives a consolidated view of exposures across entities with incremental intraday variation computed in batch or in real-time. This enterprise-wide solution, used by more than 150 customers across all tiers, has a broad range of analytical and simulated methodologies, such as Monte Carlo potential future exposure . It provides accurate credit risk measures (e.g., issuer lending, notional, pre-settlement, settlement)—across all asset classes.

Users can create new APIs or integrate third-party ones through its intuitive dashboard. It automates incident evidence collection, document generation and corporate hierarchy mapping for streamlined task ownership and accountability. Reval provides cloud treasury and risk management solutions to help organizations manage cash and liquidity, hedge accounting and compliance, financial risk and bank connectivity. Its flexible dashboard and reporting and analytics modules allow users to share and visualize data across multiple banks, countries and currencies. Automated real-time data collection and analysis increases visibility and risk detection. It provides automated centralization of all financial data to recommend unique TRM configurations for individual users.

Risk Management Software and Solutions

Regulatory and market evolutions require risk managers to monitor more granular and diversified types of risks. The complexity of these risks leads to ever-more-intensive computational needs, which require enterprise risk management software. InPhase is an end-to-end scalable platform that enables organizations to make the most out of business data, improve decision-making and troubleshoot issues.

• Riskonnect’s ERM software makes it easy to share data, collaborate on actions – and emphasize the importance of infusing risk into strategic decisions.
• Our cloud-based risk management software also ensures that the latest regulatory risks are closely monitored and updated within the system.
• Easily accommodate new risks and accompanying data as risk environments evolve, in flexible risk assessment spreadsheets.
• Advanced workflows including capture, notification, routing & escalation, investigations and root cause analysis of losses and incidents.
• Corporater is a global software company that enables medium and large organizations worldwide to manage their business with integrated solutions for governance, performance, risk, and compliance built on a single platform.

It auto-updates linked cross-organizational data for a seamless reporting experience. Qualys is another security and compliance management tool used to identify risk exposure. This comprehensive software can smoke out even the smallest risk possibilities. Its dedicated system works by tracking down loopholes in your processes so you can solve problems proactively. Enterprise risk management is critical for businesses that must abide by federal and international regulations, especially those in financial services, insurance, and healthcare industries. Organizations are also facing stiffer expectations from financial regulators when it comes to securing their digital defenses.

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Establish and automate incident management process to minimize adverse impact on your organization. Cultivate a risk-aware culture by communicating risk internally across your organization and to the regulatory body (i.e., Management Board). Create a standardized reporting process based on concrete responsibilities, periodicity, thresholds, and reporting formats. Corporater introduces Risk Management in an enterprise context to enable organizations make responsible, risk-aware decisions, and ensure sustainable growth. Built-in automation, flexible deployment options and risk prioritization modules make this an attractive option regardless of industry-specific requirements. Its compliance management services are more attuned to the IT and service industries.

MetricStream’s ConnectedGRC is a governance, risk, and compliance platform for enterprise companies looking to increase their resilience after an incident. The tools combine traditional risk, compliance, and audit tools with cybersecurity and third-party controls to ensure a full-spectrum view of the enterprise’s risk profile. The collaborative platform increases transparency between otherwise-siloed departments, which contributes to higher agility in the face of risk. These best enterprise risk management vendors are chosen based on market share, online reviews, and user feedback. Not all solutions are best for every team, but our Technology Advisors can help you find the right ERM platform for your needs. Request a consultation now via the form on the right-hand side of the page, and our unbiased Technology Advisors will contact you to find a set of solutions that meet your individual needs.

Standardized risk assessments

A common data model allows the solutions to seamlessly interact with one another. Additionally, the common technical framework ensures that consultants reuse existing skills to speed up FRTB-SA projects. MX.3 for Enterprise Risk Management is a cloud-ready solution that enables risk managers to stay one step ahead on risk control and to achieve regulatory compliance. This enterprise risk management software is used by a large and diverse range of market participants to meet regulatory requirements including Basel III, Dodd-Frank, European market infrastructure regulation and Volcker. Risk managers play a key role in securing the performance of their organization. They provide risk forecasts and help trading to take risk-informed decisions from inception.

Website purchase offers standard version of isorobot with limited customization options. Measure and communicate the level of risk in a value-added fashion by applying. Automated and accurate reporting according to the KPIs and the data, feed into the system.

ERM software helps simplify developing, improving, and reporting on your business risk program and enables better business decisions. Enterprise Risk Management is a term used in business to describe risk management methods that firms use to identify and mitigate risks that can pose problems for the enterprise. Corporater Enterprise Risk Management solution comes pre-configured with best practice frameworks, templates, and functionalities needed for an effective enterprise risk management. You can secure your entire IT infrastructure, as well as all connected endpoints, from cyberattacks. It continuously monitors your system in real time to identify, neutralize and quarantine potential vulnerabilities.

Users can generate custom reports for internal audits, claims or regulatory compliance. Its multi-device interface makes data accessible globally to increase operational efficiency and threat response rates. The Enablon platform helps organizations manage critical operational risk and compliance, security, engineering operations, environmental health safety, quality and sustainability. Users can track global and local regulatory requirements, internal policies and procedures, and manage any audits or claims with reporting and analytics. It standardizes enterprise risk detection and response methodologies with a consistent and automated assessment of KRIs and KPIs.

Enterprise Risk Management (ERM) Software

When you’re considering a risk management solution, evaluate the solution’s potential for engaging all stakeholders throughout the organization. Choose a solution that’s intuitive and easy to use so that people will use it. While most companies focus on innovation and growth, only resilient companies are successful over time because their business strategies also address risk and preparedness.

Automated email reminders and system flags ensure risk assessment data is kept up to date. Risk mitigation activity is tracked in the system and variance with planned activity highlighted through easy to understand (e.g. Risk Burndown / Risk Waterfall). enterprise software for 2031 Export data instantly to Excel, PowerPoint, MS Project or integrate with other management information via Tableau or PowerBI. The IRIS-ERM software supports a variety of international guidance including ISO31000, ISO27000, COSO and many more.

Our solutions

With the Corporater Business Management Platform, the process of scaling up is fast, easy and non-disruptive to the end users. You get data consolidation, automation, cybersecurity, compliance management and reporting. It offers a high degree of customizability so you can tailor it to your needs.

Digitized technology and the cloud together offer an integrated, fluid platform that everyone can easily engage with―to the greater benefit of the organization. First and foremost, your ERM solution must be easy for all stakeholders to use. This is crucial because you must have multistakeholder engagement to be effective. It must be deeply integrated with your existing systems so you can easily reach all the decision-makers in your organization, and they can easily provide ongoing input. For example, if you’re entering a new market or acquiring a new company, you’ll want to apply risk modeling to understand potential impacts across every business unit and function.

Common subscription plans range between $2.99 and $10 at the lowest subscription tier, although most products require users to discuss pricing options with the vendors. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. It brings risk figure consistency across regulatory solutions, such as CVA capital charge, counterparty credit risk risk-weighted assets , central counterparty charge, large exposure reporting or leverage ratio. Consistency is enforced by a shared reference data repository and a common calculation framework.

ServiceNow Governance Risk and Compliance (GRC)

Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. Murex invested early in regulatory risk solutions, and has been following evolutions with clients ever since, often offering updated packages for legacy installations to meet overlapping and shifting regulatory deadlines. A similar approach has been taken for FRTB-SA, FRTB-IMA, initial margin, SA-CCR and CVA capital charge. The OpenPages GRC Platform is a very versatile and powerful risk, governance and compliance tool, that offers great value. It is capable of letting users perform complex analysis and facilitates routine tasks, all within one platform.

IRIS Enterprise Risk Management (ERM) Software

There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust. Implementation of various Gensuite Benchmark Digital modules has allowed the city to move from a paper based operation to digital process delivery. It has also allowed the organization to track its risk metrics in a very effective and efficient manner, as it has not had the ability to do this prior to this system launch. Unite your entire team or company and collaborate with remote experts and colleagues in real time.

From their day-to-day screen, end users can slice and dice and drill down to the finest calculation inputs, such as trades parameters, legal agreement in addition to other reference data. It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. The solutions support variations to the Basel standards and enable clients to adapt more quickly to regulatory changes with packages updates. In each client jurisdiction, a local regulatory watch ensures those packages remain up-to-date with regulation changes. The prepackaged solutions give flexibility, enabling clients to adapt based on their own interpretation of a regulation.