Risk plays a central role in almost every future focused organization. However, with the increase of complexity it’s becoming harder to navigate through the risk landscape with confidence.
RISMA Risk Management solution helps you create a crystal-clear overview so you can be on top of worst-case scenarios at all times.
Maintain a clear overview and monitor everything from your dashboard. Analyze without limits. And let your data speak for itself.
Prioritize and use your resources effectively on your most critical risks. Ensure transparency, constant monitoring and automated tracking of executed controls.
Get rid of spreadsheets and manual work by keeping all your controls in a central database. Link them to related assets for greater transparency and effortlessly assign role and responsibilities.
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To get a good start with the risk management solution, our colleagues in the Customer Success team are ready to help you with a well-planned implementation process.
After many implementations, they know best practice and what it takes to ensure a successful implementation process. They will also provide ongoing support during the implementation phase to ensure that you get the most out of your solution.
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Whether you deploy one, two, or all our solutions, RISMA GRC platform provides great value by boosting collaboration, increasing visibility, and saving time for everyone involved.
Risk management enables management to decide on, and prioritize, necessary investments and initiatives concerning the company's willingness to take risks. The starting point for that work is a risk assessment.
Risk management covers a process in which you, as part of management or the board of directors, must identify and assess possible risks, problems, or disasters that may affect the business BEFORE they occur.
This will enable you to set up procedures to help the company avoid risks, minimize their impact, or help tackle the challenges they present in the worst case.
There exist different types of risks that can threaten the organization. Normally, the risk landscape depends a lot on the industry or market the organization is in. However, there are some overall risks that can affect everyone.
In addition, there are several other types of risks such as natural disasters, health, and safety crises, and commercial risks – e.g. failures from important suppliers or customers.
There are many different steps in a risk management process. Overall, the process will include the following steps. You identify risks that can be a threat and negatively impact the business. In a risk analysis, you determine probability and consequenceYou assess the extent of the risk as a combination of probability and consequence. You accept the risk or initiate mitigating actions to reduce the risk. You continuously monitor, control, and assess existing and new risks.
RISMA is a flexible solution that can be set up to all standards and frameworks. It is possible to work with the following:
You can also set up your own parameters that you work with today and add new parameters as the organization becomes more mature.
Our existing customers use the risk solution for risk assessments in connection with GDPR, ISMS, and outsourcing.