Enterprise Risk Manager™ is designed to assist organisations in managing operational risks.
The software assists the user during all steps within the risk management process starting with risk identification and risk assessment via risk analysis and decision for treatments to risk monitoring and risk communication.
The main features to fulfill these tasks are:
The risk register is the central record in risk management. It contains details of all risks identified during the risk management process. The risk register includes all information to answer the following questions:
The risk matrix is used to rank the risks and set priorities for taking action. It may be selected from 3x3, 5x5, or 9x9.
Risk treatments are used to respond to the risk. The risk manager makes a decision based on feasibility, effectiveness and efficiency of the risk treatments and select the most practical way of reducing risk to an acceptable level.
Information on risk treatments in Enterprise Risk Manager™ include:
Risk Analysis means learning about risks. It includes the following information:
The risk dashboard provides statistics relating to risk categories and treatments by diverse criteria.
The user gets a swift overview on the enterprise risk situation including due/overdue risks reviews or treatments or mitigation in progress and completed.
Visualisation of risk management results is an important contribution to risk communication. A Chart Wizard assists in presenting the information as response to typical risk management questions.
All chart types allow to filter according the user's needs. Charts can be displayed in different forms including bar charts, pie charts, or x-y charts.
There are a lot of options to print risk and treatment reports including the following:
Risks and treatments are assigned to their owners. Users then can list actions for which they are responsible. The system has an automated email alert process. Alerts are used to remind owners of outstanding task. These alerts includes:
Notifications and alerts are part of Enterprise Risk Manager™'s Self Monitoring. It monitors itself with:
Enterprise Risk Manager™ is a web-enabled multi-user Microsoft .NET application using SQL Server relational database supporting hundreds of decision makers across the enterprise. It includes Microsoft Windows single sign-on authentication, role based security for risk management in context, international dates and currencies, and translatability to any other language.
Enterprise Risk Manager™ is a product within Incom’s overall software suite known as INCOM®, and may be integrated with:
All software has the same look and feel.
Risks are everywhere. They may happen to people, property, processes, business continuity, reputation or the environment. There is no success without taking risks. However, risks can be mitigated and managed. This is the job of risk management.
There are couple of regulations, standards and similar documents that require risk management because risk management is an integrated element of modern management. For example: