Organizations worldwide need to identify and manage many internal and external risks, such as market risk, operational risk, legal risk, IT risk, financial risk and reputational risk. Risk management is increasingly viewed by executives as an integral part of business strategy and business decision making, leading to increased board level momentum and support.
Surprisingly, many organizations still manage risks using spreadsheets. This approach makes it difficult to implement common risk management processes across business units, and almost impossible to report on centrally in a timely manner.
SureCloud Risk Management is a cloud-based application that allows organizations to identify, assess and manage risks of all types across divisions, business units and geographies. It provides a streamlined risk management processes and a central view of risk across the enterprise. The solution allows organizations to support multiple Risk Frameworks such as COSO and ISO simultaneously, and is a central component of the SureCloud GRC Suite, providing key capabilities across the following areas:
- Policy Management
- Compliance Management
- Incident Management
- Continuity Management
- Third Party Risk Management
- Audit Management
Find out more about Risk Management here.