Certus™ Risk - True Enterprise Risk Management software that pulls together compliance requirements into a single framework to deliver tangible business benefits

Certus Risk provides a real-time dashboard of all risks and compliance issues that threaten business performance, including those that might be managed by other risk management systems, through a true enterprise-wide application, supporting multiple languages and currencies. A true enterprise-wide risk framework can bring tangible benefits to a business, including:

• Higher share price over the long term
• Better use and re-direction of insurance, and reduction of premiums
• Achievement of corporate objectives more likely
• Higher success rate on change projects
• Lower cost of capital
• Less business interruption
• Avoidance of regulatory penalties

Business managers will be able to make more informed decisions based on a broader perspective on risks across the enterprise through the graphical risk mapping, allowing many hundreds of risks to be shown in a single view, showing size, status and relative hierarchy. Intuitive and graphical ‘drill-down' capabilities allow immediate investigation of underlying risk data at any level in the hierarchy, revealing accountability, control, action and loss data, reporting trend analysis and much more, on a single screen.  This gives executives, audit teams, regulators and risk professionals the immediate visibility needed to track and manage material threats to a company's objectives.

Uniquely address a universal challenge

Simplicity of use by owners of Risks, Controls, Actions and Losses, tied into email for automated alerts and notifications will drive a culture of risk accountability. This ensures that a robust risk management process is embedded throughout the organization to deliver a continuous review process, management, mitigation and reporting of risks to all parts of the business, most importantly, tied to the achievement of organizational goals and objectives.

Features

Certus Risk represents the latest thinking and best practice for corporate risk management. It combines the thought leadership of seasoned practitioners with proven enterprise application development skills. This provides a powerful and unique proposition that will bring substantial and sustainable business benefits to our clients & partners.  Certus Risk offers a number of important features that, when taken together, ensure that risk owners and risk professionals alike will adopt it with enthusiasm.

Certus Risk contains comprehensive functionality for:

Risk Management and Control Self Assessment

• Intuitive graphical input screens for busy business professionals
• Clear lines of accountability and responsibility
• Clear ownership of Risks, Controls and Actions
• Flexible reporting regimes prompted by Alerts and Notifications via email
• Quantitative and qualitative risk scoring
• Multi-dimensional definitions related to Risk information
• Hierarchical frameworks describing Risks, Business entities, Objectives/Goals, Risk Categories, Business Processes, Functions, and Loss Categories

Management Dashboard

• Immediate visibility of key risks and their current status through graphical mapping
• Interactive, graphical  ‘drill-down’ through the information to see underlying data in graphical panels
• Clear visibility of ownership
• Many hundreds of risks can be visualized in a single graphical view
• Heat Maps showing aggregated concentrations of risk exposure
• Multiple graphical Slice ‘n Dice views of data

Performance Management

• Strategic Objectives/Goals defined for all business entities
• All risks threaten one or more Objectives
• Clear reporting of all risks threatening achievement of objectives
• KPI reporting
• Action monitoring and management
• Simple management tools to assist in review meetings with subordinates

Loss Event and Incidents

• Track incidents of actual loss, near miss losses and external losses (in similar organizations)
• Categorize losses (such as Basel loss categories)
• Link losses to Risks and Controls (that may have broken down)
• Show loss information on Risk forms and Risk Maps

Comprehensive Audit Trails

• Easy access through the user interface to full audit trail information of every interaction with the system
• Includes all Creates, Reads, Updates and Deletes
• Full details of who made changes, when changes were made, as well as pre-change
• and post-change information
• Reports can interrogate the audit trail to produce trend information

Comprehensive Reporting

• Integrated security and data models deliver easy, but controlled access to information
• Approximately, 30 predefined, parameter-based reports, which cover the entire project life cycle
• Easily, configured Dashboard, delivers personalized view of information
• Seamless desktop integration supports analysis
• Drag-n-drop ad hoc reporting support evolving requirements