Enterprise Risk Management (ERM)
Measure Your Program Outcomes
67%
increase in risk visibility through efficient reporting
80%
increase in risk and control framework related operational efficiency
15x
improvement in risk metrics tracking
Step-Up Your Enterprise Risk Management Program
Platinum Elite Enterprise Risk Management (ERM) software enables a structured approach towards managing your organizational risks.
Built on the Platinum Elite Platform and supported by uniform risk assessment methodologies and standards, the ERM software helps you accurately understand risk exposure at multiple levels of your organization.
Multi-dimensional risk and control assessments based on qualitative and quantitative parameters can be performed to establish your risk profile.
Real-time insights into your risk management processes through powerful analytics, advanced heat maps, reports, dashboards, and charts empower you to make smarter and risk-aware decisions.
How Our ERM Software Helps You
Federated and Centralized Data Model for Better Cross-Org Collaboration
Identify and define business objectives, processes, products, risks, and controls, and establish and maintain relationships across these data elements leveraging the federated and centralized data model.
Document and manage a wide array of enterprise risks and associated details such as risk description, category, hierarchy, and ownership using a centralized library and risk framework.
Control Design and Assessments Based on Industry Standards
Define controls as per industry standard frameworks like COSO and COBIT.
Design control test plans and assessments and rate the operational and design effectiveness of the controls, leveraging questionnaires and surveys as required.
Understand the control evaluation status and analyze the results using interactive dashboards.
AI-Powered Issue Management to Reduce Redundancies
Leverage AI/ML to quickly identify issues based on relevance, relationships, and criticality, and recommend issue classification and action plans.
Create action plans such as control modification or definition of new controls as part of the issue remediation process.
Stay updated on the status of implemented actions at every stage and track them to closure.
Advanced Risk Assessment and Analysis for Improved and Accurate Risk Visibility
Plan, schedule, and perform risk assessments in a streamlined manner.
Manage simple assessments by rating a risk, or advanced multi-dimensional assessments using weighted average method where weights can be given to multiple dimensions including organization, objective, product, process, assessable item or risk hierarchy for improved and accurate risk visibility.
Once the assessments are complete, route the results for review and approval. Define risk treatment plans to accept, avoid, transfer or optimize risk.
Key Metrics Monitoring for Proactive Risk Identification
Measure and track key indicators for risks (KRIs), controls (KCIs), and performance (KPIs).
Set thresholds to identify potential threats and mitigate them in advance.
Send alerts and notifications on any breach to relevant personnel for faster decision-making.
Expansive Risk View with Intuitive Graphical Dashboards and Reports
Gain a 360º view of risk and trends through interactive executive dashboards and advanced visualization of key metrics to help you respond faster to emerging risks or changing risk profiles.
Access real-time information on risk management systems across the organization through role-based landing pages with graphical dashboards and charts.
How Our ERM Software Benefits Your Business
Improve operational efficiency by reducing the cycle time and costs of risk assessments, while improving resource utilization
Drive agility and risk-based decision-making by providing a single view of the top risks faced by your organization across all lines of the business
Deliver forward-looking risk visibility with predictive risk metrics and indicators that help anticipate and respond better and quicker to adverse risk events
Build confidence with regulators and executive management by establishing a strong risk data governance and issue reporting framework with clear lines of accountability
Pricing: 10,000 - 100,000 AED
Frequently Asked Questions
Built on the Platinum Elite Platform and supported by uniform enterprise risk assessment methodologies and standards, our Enterprise Risk Management (ERM) product gives organizations the ability to accurately understand their potential risks with comprehensive risk visibility and aggregation capability. Standard risk and control taxonomy, with many-to-many relationship mapping capability, supports model risk management plans based on organizational hierarchies. The centralized library and ERM framework help document and manage a wide array of enterprise risks. The ERM system provides real-time insights into risk management programs through powerful analytics, advanced heat maps, reports, dashboards, and charts enabling organizations and their board of directors to make risk-informed decisions that optimize business performance.
Yes, the Platinum Elite ERM product provides advanced capabilities for planning, scheduling, and performing risk assessments, and once the assessments are complete, route the results for review and approval. Users can use the software for risk assessments to perform assessments easily with a simple and intuitive user interface—both top-down and bottom-up approaches to risk assessments.
Users of the enterprise risk management system are also able to define aggregating logic based on business needs. Risk aggregation can be done using simple average as well as weighted average methods where weights can be given to multiple dimensions including organization, objective, product, process, assessable item, or risk hierarchy for improved and accurate risk visibility.
Platinum Elite ERM allows measurement and tracking of key indicators for risks (KRIs), controls (KCIs), and performance (KPIs). The software supports users to set thresholds to identify potential threats and mitigate them in advance. The risk management tool sends alerts and notifications on any breach to relevant personnel for faster decision-making
You can access real-time information on risk management programs across the organization through role-based landing pages with dashboards. The ERM system allows you to view risks by organization, product, process, or risk category. Slice and dice the data using easy filters and track the movement of risk from inherent to residual on a heat map based on the effectiveness of the controls. Gain effective ERM with a 360° view of your program through advanced visualization of key metrics and personalize your home page based on your specific risk analysis needs.
You can explore the Platinum Elite Enterprise GRC and Integrated Risk Management solutions. To request a demo, click here.
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