Actionable Risk
Challenge
Organizations today face all types of risk including IT, capital, reputational, third-party, and environmental risks. Poor risk management can significantly damage a company's reputation or can threaten its overall existence. Highly publicized examples of organizations with poor risk management are all over the news, including well known companies in the financial services, energy, automotive, healthcare, and retail industries. Many of these organizations were unable to recover from the risk event. Organizations must use knowledge of risk to optimize performance and make better investment decisions thereby making risk actionable.Solution
Agiliance RiskVision integrated GRC Platform makes risk visible by aggregating all risk enterprise wide for a comprehensive, big-picture view and deep understanding of all interdependencies. Today's IT and operational tools provide a limited slice of an organization's risk posture. RiskVision correlates available data from these tools with ongoing self-assessments to create an enterprise wide risk posture. RiskVision provides risk visibility that is role specific honing in on the right information for the right user, ranging from giving executives a universal risk view to presenting detailed analysis for operational analysts. Bottom-line for all users, RiskVision updates in real-time so no matter what the role, you get the most current information on organizational risk.Measuring risk ongoing helps an organization to understand risk trends and risk response cycles. RiskVision makes risk actionable by automating risk mitigation through accelerated feedback and by offering powerful trending capabilities to measure risk baseline and detect unknown risk events. RiskVision's powerful Key Risk Indicator capability (KRIs) measures metrics and builds trends directly from real-time controls and data sources.
