Application breaks down departmental silos to give companies a clear, unified view of their risk profile; automates risk assessments, alerts and reporting
SureCloud, a specialist in Cloud-based Security, Risk and Compliance solutions and services, 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.
Nick Rafferty, COO of SureCloud said: “It’s common to find that each department in an organisation approaches risk management in a different way, typically using manual, paper-based processes. It’s not only laborious and inefficient, but it also makes it difficult to get a unified view of risk across the organisation. Risk Manager breaks down these departmental silos and automates processes, making it easier for companies to get a clear, centralised view of their risk profile from a business perspective. Risk mitigation is increasingly seen as an integral part of business strategy and decision-making, so the ability to harmonise processes, quickly identify and report on risks, and take remedial action delivers real operational benefits.”
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.
More information about SureCloud’s Risk Manager application is available from: https://surecloud.com/grc/risk-manager
SureCloud is a rapidly growing Security, Risk and Compliance Cloud Service Provider. We focus on best of breed Security, Risk and Assurance applications that include Vulnerability Management, Risk Management, Policy Management, Compliance Management, Internal Audit, Incident Management, Business Continuity Management and Third Party Risk Management. Applications are built and delivered with the SureCloud Platform, which provides a simple yet realistic alternative to spreadsheet‐based processes.
In addition, SureCloud’s security testing and assurance services team help organisations secure their information assets, systems and data. Security Services include network and application penetration testing, physical security and social engineering, design and architecture review, information security consulting, a range of managed services, and bespoke services tailored to the customer’s requirements. SureCloud Services are also underpinned by the SureCloud Platform, allowing stakeholders to collaborate and manage services from kick-off through to post-test support.