Enterprise Risk Management
Define, assess and analyze your organization’s risks and turn your insight into strategic assets
Overview with a glance
Maintain a clear overview and monitor everything from your dashboard. Analyze without limits. And let your data speak for itself.
See the correlations between risks across the organization
Identify mutual influences and plan your efforts
Set up guidelines and delegate risk follow-up
Efficient Risk Mitigation
Prioritize and use your resources effectively on your most critical risks. Ensure transparency, constant monitoring and automated tracking of executed controls.
Guided approach to risk management
Automate your controls and select frequencies
Achieve better knowledge sharing and transparency
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Risk & Control Documentation
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.
Create board reports
Make decisions on an informed basis
Document your risk management
GRC Intelligence Center
Take a proactive approach. Stay on top of your governance, risk, and compliance, and get a complete status and performance overview across your organization.
Build confidence with board and regulators, as well as with partners and customers by establishing a strong data governance and status framework
Actively measures custom-defined KPIs across solutions, individuals, teams, and related companies
Measure GRC efforts over time by gathering historical data that shows your compliance score and performance.
Eliminate manual processes and work-arounds for greater overview and efficiency
All your needs in a seamless solution
Enterprise Risk Management, step by step
You get a tool that, through various steps, makes it easier and more manageable for you to manage your risk management.
You identify the risk.
You create relevant parameters from which you want to assess the risk.
You initiate mitigating actions to reduce the probability, thus, reducing your vulnerability.
You can continuously monitor and evaluate existing and new risks, and thereby maintaining your risk landscape.
Risk assessments are worth nothing without mitigating actions and follow-up controls. Of course, we have taken this into account in our solution, so that you get a 360-degree view for your enterprise risk management.
Risk management on several levels
No matter what types of risks you need to deal with, our software can help you stay on top of all your risk scenarios. We provide software for risk assessments such as:
Enterprise Risk Management
Information Risk Management
Risk assessment for data subjects
Project Risk Management
Operational Risk Management
RISMA VS. Excel
You will gain many benefits when you replace complicated Excel sheets and text-heavy word documents with a system-supported risk management solution.
RISMA
EXCEL
Change tracking
Error tracking
Overview, status and progress
Risk of losing essential information
high
low
Automated reporting and documentation
Best practices and guidance
Risk of losing data
high
low
Real-time monitoring
Process automation
Level of security
low
high
Ease of collaboration
low
high
Implementation of the risk solution
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.
Ready to try RISMA?
Book a demo to learn how we can help you gain greater transparency and boost efficiency by automating your workflows.
A GRC Platform To Bring The Organization Together
Power your organisation by connecting data, teams, action and reporting in an integrated GRC platform.
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.
INTERNAL AUDIT
STREAMLINED
Effortlessly automate, document and report all your controls - including assessment, mitigation and monitoring in one simple platform.
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INFORMATION
SECURITY SYSTEMIZED
Systematize your information security and achieve full ISMS compliance – including visual overview, real-time mentoring, built-in risk assessment and seamless reporting.
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GDPR Compliance
Unified
Manage compliance frameworks, controls, risks, policies, and reporting in one integrated solution.
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FAQ
What is Risk Management?
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.
What are the 4 main types of risks?
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.
- Strategic risks - e.g. a new competitor enters the market
- Compliance and regulatory risks - e.g. introduction of new rules and legislation
- Financial risks - e.g. interest rate increases on corporate loans or non-payment
- Operational risks - e.g. IT virus or theft of equipment
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.
What are the 5 steps in the risk management process?
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.
What standards and framework does RISMA offer in their risk management solution?
RISMA is a flexible solution that can be set up to all standards and frameworks. It is possible to work with the following:
- Probability and consequence
- Risk tolerance and risk appetite
- FIT / CIA analysis where you assess confidentiality, integrity, and availability
- Threats and vulnerabilities
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.