Go beyond compliance and gain a competitive edge with enterprise risk management software that features risk assessment software to help you improve operational and business performance by identifying risks sooner.
What is enterprise risk management software?
Enterprise risk management software helps organizations identify, assess, and mitigate potential risks that could affect their operations. Risk assessment software is a subset feature of enterprise risk management software that evaluates the likelihood and impact of identified risks. Other subset features include monitoring and reporting, compliance management, incident management, and document management.
Systemize processes with enterprise risk management software
The risk assessment software feature of enterprise risk management software sheds light on the degree of uncertainties that may impact business objectives. Organizations need to proactively manage risk rather than being passively reactive to incidents that already happen. Enablon Enterprise Risk Management software is an integrated solution that identifies, assesses, and mitigates risks across your enterprise.
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Ensure consistency
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Improve risk assessments
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Better managed KRIs
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Comply with guidelines
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Configurable campaigns and workflows
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Track risks
Ensure consistency
Standardize risk management processes with consistent risk assessment and evaluation methodologies, while supporting contextual risk consequence thresholds for different departments or business areas. Establish common risk form templates for risk registers.
Improve risk assessments
Facilitate top-down and bottom-up approaches for risk identification. Analyze risks by using bow-tie functionality to determine causes and consequences, and define and evaluate preventive and mitigating controls.
Better manage KRIs
Establish measurable Key Risk Indicators (KRIs) and tie them to risk appetite statements. These can then be associated to specific risks in the risk register to track periodic performance against these indicators.
Comply with ISO 31000 and COSO
Meet corporate objectives by enabling a systemic approach to risk management through compliance with the ISO 31000 Risk Management guidelines or the COSO Enterprise Risk Management integrated framework.
Configurable campaigns and workflows
Support bottom-up risk management processes through risk assessment campaigns and owner-validated risk flows. With flexible workflow configuration, organizations can define even the most complex of role-based validation requirements.
Track the evolution of risks
Monitor risks with risk indicators and automated reporting. Also, risk versioning allows organizations to take automated, periodic snapshots of active risks to track the evolution of risks.
Enablon received the highest overall scores across the functional and technical capabilities assessed in the Green Quadrant study and also maintains its position as the leading vendor for market momentum
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