Risk Management Software

ProcessGene™ Risk Management Software – Introduction

The ProcessGene™ GRC software suite provides a complete software solution for Risk Management. The Risk Management software is implemented within days, immediately creating visibility and centralized control.

The Risk Management software establishes an automated workflow that reduces the time and cost of risk management efforts and eliminates manual labor, maintenance of multiple excel spreadsheets, etc. ProcessGene™‘s Risk Management software is designed for multi-subsidiary organizations, based on our Multi-Org technology.

ProcessGene is acknowledged worldwide as a leading provider of Business Process Management (BPM) software solutions (see Gartner’s report on ProcessGene).

The Risk Management Challenge

With the increase of regulatory requirements on one hand, and the attempts to optimize business outcomes on the other, organizations are required to invest more efforts in identifying and managing risks. Executive officers are specifically required to demonstrate effective risk management practices, and to ensure corporate transparency and visibility into the business. The risk management process is continuous, and needs to be closely monitored. As management is personally responsible for monitoring risk levels, this responsibility requires significant management attention and allocation of time and effort.

The Risk Management Challenge for Multi-Subsidiary Organizations

Multi-subsidiary organizations are confronting even more complex risk management challenges, due to differences between the business processes and operational characteristics of subsidiaries. Hence, the management and communication of risk management in a multi-subsidiary environment becomes an extremely complex task when managed manually or by tools that are not specifically designed for Multi-Org operations.

ProcessGene™ Risk Management Software

The ProcessGene™ Risk Management software is a powerful yet user-friendly cloud solution that enables enterprises to identify, assess, analyze, mitigate and monitor risks, in order to reduce extreme events and leverage opportunities. The Risk Management software covers a wide range of risk types, including: financial, operational, IT, brand, and reputation related risks.

The ProcessGene™ Risk Management software includes powerful tools for risk analysis and monitoring such as configurable risk reports and risk heat maps. With our Multi-Org technology, multi-subsidiary organizations can now manage their risks centrally within an easy and flexible environment.

ProcessGene™ “Multi-Org” Technology for Risk Management

ProcessGene™ has been a pioneer and global leader in Multi-Org technology. During the past decade we have mastered a unique expertise in providing software solutions to multi-subsidiary organizations worldwide (see Gartner’s report on ProcessGene). Our Risk Management software has been specifically designed for multi-subsidiary organizations and it features the most comprehensive solution for complex, distributed risk management challenges.

The ProcessGene™ Multi-Org technology enables organizations to think globally and act locally through a unique business process model formation that contains a global baseline together with a set of local variants. The global baseline is managed by corporate HQ, ensuring a controlled global environment, while allowing subsidiaries a predefined level of local flexibility.

Read more about ProcessGene Multi-Org technology.

Benefits

Our Multi-Org Risk Management software solution offers the following benefits:

• Very fast implementation, the Risk Management software is up and running within days
• The most seasoned and comprehensive SaaS (Software as a Service) solution in the GRC software domain (see Gartner’s report on ProcessGene)
• The Risk Management software covers a wide range of risk types – all within the same framework
• The Risk Management software features full automation of the risk management process using the ProcessGene™ BPM workflow engine, making it the most powerful system in the industry – yet intuitive and user friendly
• The Risk Management software features full transparency and visibility – enables management and risk managers to better understand and control the overall risk status of the enterprise
• Multi-Org technology enables central control and management of subsidiaries’ risk data. Multi-Org creates a common risk management language, uniform risk assessment methods and consistent risk reporting standards across subsidiaries worldwide
• The Risk Management software features central cockpit with dashboards for data analysis and diagnostics- showing quantitative risk management fulfillment status. Processes that involve high risk are easily monitored and diagnosed both in real time and historically
• Global and optimized risk vs. return management, enabling management to pursue organizational goals with adequate and optimal risk/reward considerations
• The Risk Management software features a comprehensive “best-practice” repository of processes, risks, controls, and regulations provides reference and accelerates the setup of the GRC software

Screenshots

Project Steps

Process Flowchart

Risk Heat-Map

Risk and Control Dashboards

Controlled vs. Residual Risk Levels

IT Connectivity

Inter-Subsidiary Comparison

Control Dashboards

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