NeoGRC Enterprise Risk Manager provides insight to the risk exposure and response across risk disciplines and across the enterprise

NeoGRC ERM (Enterprise Risk Management) helps risk professionals in corporate risk, finance, compliance, vendor management, audit, program management, information technology and security identify, measure, remediate and report on risk and risk response. NeoGRC ERM provides a unified view for both specific risk initiatives and for a holistic view of enterprise risk. NeoGRC ERM supports both quantitative and qualitative measures of current and forecasted as well as historical risk postures, including acceptable threshold banding. This enables businesses to use that risk knowledge for decision making and strategic planning. NeoGRC ERM automates the assessment workflow to gather risk and risk response metrics, enabling continuous monitoring of risk. NeoGRC ERM’s aggregation engine enables organizations to correlate top-down and bottom-up risk assessments, linking strategic risk with operational risk. NeoGRC ERM supports key risk indicators (KRIs) and loss event management so that objective measures can be compared to subjective risk assessments. NeoGRC ERM features exclusive reports, dashboards, KRI and metrics developed by the Neohapsis Advisory Services to ensure that organizations get the best value and insight from their data.

Establishing the Right Methodology

NeoGRC ERM supports the adoption of a best-practice risk framework, such as ISO 31000, COSO ERM and OCEG. NeoGRC ERM provides data aggregation and process automation to operationalize the framework.

Enterprise Risk Register

NeoGRC ERM is a centralized risk register for all types of risks from different risk disciplines, including strategic risk, financial risk, operational risk, compliance and IT risk. NeoGRC ERM automates the collection and presentation of these risks in aggregate, while preserving the underlying details for investigative purposes, allowing risk managers freedom to concentrate on reaching further and providing analysis to the business. NeoGRC ERM can aggregate risk information generated by third-party risk tools to create a single multi-dimensional view of risk.

Strategic Risk Management

NeoGRC ERM automates the tedious work of aggregating operational risks to drive strategic risk. This allows strategic risk assessment to be driven by material operational data, rather than high-level qualitative assessments. It also ensures that strategic measures taken drive down through the organization by being embedded in the risk lines of reporting. NeoGRC ERM facilitates this top-down-meets-bottom-up risk management approach.

Key Risk Indicator Tracking

NeoGRC ERM supports the collection, aggregation and reporting of KRIs, which can be linked to thresholds for breach notification and tied to risk or other objects as supporting data. These indicators can be calculated from underlying non-normalized data points. Historical reporting allows users to assess the trend of indicators and adjust plans accordingly.

Risk Analysis and Reporting

eoGRC ERM aggregates, calculates, and visualizes risk along multiple dimensions, such as organization hierarchy, regions, business systems, and programs. A library of pre-built reports, dashboards, and metrics encapsulates the knowledge and insight from Neohapsis Risk Advisory Services. The reporting tools simplify the creation of custom reports and dashboard for different stakeholders and executives. NeoGRC ERM analysis emphasizes interactive, visual representations of risk information.

Feature Highlights

• Capture objective, risk and control elements in a structured way by organizational unit, business process and risk category
• Configure best-fit assessment types and control the ways in which they aggregate up the organization
• Automate assessments for continuous monitoring processes, including support for reminders, escalations and approvals
• Capture and track KRIs and losses events
• Define thresholds and escalation points based on out-of-tolerance bands
• Report on and analyze risk postures across multiple dimensions
• Compare and contrast top-down and bottom-up risk assessments
• Automatically or manually generate, assign and manage issues to effect and track change measures
• Support temporal forecasting for seasonal, cyclical and program risk
• Get started using best-practice reports, surveys and prioritization developed by Neohapsis Advisory Services, or develop your own