The Value of an ERM Model
ERM protects revenue and shareholder value by improving an organization’s resiliency and agility in the face of uncertainty. By broadening the scope of risk management to include all significant business risks faced by an organization - and requiring that they be considered in relation to one another - business leaders can ensure that known risks are strategically aligned with corporate objectives and that effective loss prevention and loss control strategies are in place.
Risk Identification and Assessment
STARS™ uses Risk Registers to help clients define, categorize and prioritize all potential threats and opportunities, while linking in related risks and interdependencies. A 'Risk Register' is tailored to each client's requirements, helping risk managers and other risk stakeholders achieve a complete view and better understanding of the organization's enterprise risk. STARS™ dashboards and risk mapping tools visually illustrate risks and risk impacts on a day-to-day or minute-by-minute basis.
Continuous Risk Monitoring
Integrated risk and compliance assessments provide the ability for continuous risk capture and monitoring with full audit control. Assessments or audits are designed to gauge compliance with business requirements using client-specific checklists, standards, workflow and scoring methodologies. Tools for documenting action items and assigning responsibility help ensure accountability and successful remediation.
Risk Analysis
The STARS™ comprehensive Business Intelligence reporting module seamlessly integrates BusinessObjects' Web Intelligence' solution, allowing clients to perform sophisticated risk analysis based on their own ERM program methodologies.
Communication and Collaboration
STARS™ delivers one-point, secure access to a shared workspace for collaboration on projects, documents and other tasks related to the strategic execution of your ERM program. Easy-to-use tools enable people to communicate and work together in a professional, secure environment.
Global Capabilities
STARS™ solutions are multi-language and multi-currency.