BWise® Risk Management Software Solution
Risk Management in control with state-of-the-art Governance, Risk Management and Compliance Software
Support for the End-to-End Risk Management Process
BWise® Risk Management is a software solution that supports the end-to-end risk management process and is part of the BWise integrated Governance, Risk management, and Compliance Platform. BWise covers all aspects of the risk management process, ranging from initial risk identification, through risk assessment and evaluation to risk mitigation and monitoring, tracking and managing incidents, and ensuring proper follow-up and integrated reporting. Following ISO 31.000 ERM methodology, COSO ERM and many other risk methodologies, BWise clients keep a keen eye on their key organizational risks at all levels.
A Day in the Life of Gerard Parker, Chief Risk Officer
As risk management programs grow in number and complexity, risk managers continually search for new ways to manage their work more effectively and efficiently. BWise® Risk Management enables the risk department, led by Gerard Parker, to run its end-to-end risk management processes, in order to track, measure and manage all of its various risks, as normal business processes.
BWise® Risk Management supports Risk Management teams in:
- Identifying new risks, setting up (existing) mitigating measures and action plans
- Documenting risks, sub-risks, risk triggers and risk causes
- Assessing risks against various risk dimensions using configurable impact and likelihood scales and powerful workflows to ensure correct data gathering and management sign-off
- Quantitative analysis and scenario analysis as a result of advanced calculation capabilities
- Action tracking of all risk issues for timely follow-up and prevention of large risk events and potential losses
- Aggregating risks using risk consolidation techniques for high-level overview of corporate risks and access to underlying risks, action plans and process owners in drill down dashboards
- Reporting using configurable reports and dashboards with drill down heat maps, risk trends, top risks with risk overviews and all relevant details
BWise® Risk Management is available in two packages:
- BWise® Risk Management Professional
- BWise® Risk Management Advanced
For more information about the capabilities of BWise® Risk Management request the webinar recording "A Day in the Life of Gerard Parker" or contact us.