If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.
We simplify risk through:
Governance
The Governance module allows customers to load, and manage governance.
Risk
The Risk module allows customers to identify, load and manage risks.
Compliance
The Compliance module allows customers to load, and manage compliance.
Visual Risk Manager Features
Add Documents
VRM allows for multiple reference documents to be attached to risk Controls and Evidence.
Corrective Action
Multiple tasks tool that allows users to create a project when required.
Likelihood Rating
VRM allows you to evaluate likelihood on an indicative frequency and indicative probability level.
Review Frequency
Each Governance and Risk input is individually set up for review with notifications.
Business Strategy
Customers can load strategies and incorporate the strategic objectives.
Control/ Cause/ Consequence
VRM allows you to load multiple controls with the flexibility to select and weight all applicable controls derived against any specific risk.
Multiple Impact Descriptors
Flexible to select and weigh all impacts derived from a specific risk.
Strategy and Objectives
Objectives and risks can be linked individually or at all levels of organisation.
Custom Dashboard & Reporting
VRM allows you flexibility to design your own reports and will enable you to analyse information the way you want to see it.
Incident Manager
VRM allows you to track actual and near miss incidents so that you can have insight into emerging risks and control breakdowns from where pro-active corrective action is driven.
Multi Key Risk Indicators
VRM allows you to load, review and manage multiple key risk indicators against each risk.
Treatment Plans
A treatment plan is designed in conjunction with project tasks and approval escalation.
Value Added Services:
Business Intelligence
Business intelligence analysis tools allow you to connect your data in any format, in one secure place for you to work on and access anytime.
The fast and easy Business Intelligence dashboard creation process allows you to organise all your relevant data and deliver instant results.
Customization
Designed and developed for the customer and their requirements in mind, customisation is available as part of the package ensuring and allowing a customer’s flexibility to adapt the application in line with requirements and methodologies.
Support & Maintenance
Each deployment and implementation is followed up with a service level agreement providing customers full support and upgrades during the full period of the contract.
User Administration
Developed in line with international user security requirements Visual Risk Manager supports multi-factor authentication and controls to ensure security and user restrictions is maintained.
System Administration
Set up risk related aspects to maintain a structured risk management approach, includes:
Consequence descriptors labels, Consequence descriptors, Incidents categories, Incident Types, Compliance Source Types, Compliance Sources, Likelihoods, Control Effectiveness, Risk Levels, Risk Sources.
Collective Value Risk Management (CVRM)
CVRM is a technology agnostic business model that rewards efficient risk management programs. CVRM allow businesses to manage risk more effectively through integration and partnership with brokers and/or suppliers in order to reduce their risks.