A wide range of capabilities are offered by GRC Operational Risk Management Module, which enables you to adhere to a strict risk management discipline. The program, which is based on the GRC Platform, improves cooperation between executives, risk managers, and business process owners, allowing you to take an ubiquitous approach to operational risk management (ORM). A powerful and efficient ORM technology can aid in facilitating risk-aware, real-time business decisions to boost productivity and cut losses.
Our ORM solution makes it simple to plan, organize, monitor, and carry out risk and control assessments. Analyze the quantitative and qualitative aspects of inherent and residual hazards. The weighted average method, which allows for the assignment of weights to many parameters, makes it simple to aggregate risk ratings. Create treatment strategies for risk that accept, prevent, transfer, or maximize risk.
A centralized system, strong analytics, and the flexibility to adjust as your organization changes all help to simplify risk management. To ensure that uniform controls are used throughout the organization, you can choose controls from a pre-defined control library and employ automated procedures. By providing visibility of all risks across the organization and ensuring you have procedures in place to minimize risk, the IRMA's Risk Management Module makes it simpler and easier for you to effectively manage risks.
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