Monitor and Mitigate Risks Throughout the Enterprise

Various risk management methodologies have been in place for decades. However, with increasing pressures from regulatory mandates (e.g. Sarbanes-Oxley and Basel II), and increasing governance obligations, corporate leaders are looking to manage risk more effectively.

Many companies are actively pursuing risk management approaches that extend beyond mere compliance, but which enable them to proactively improve business performance.

CorRisk is a purpose-built enterprise risk management application that can be deployed rapidly to proactively mitigate risks. As an integrated component of the CorVu 5 Strategic Management System, the financial and HR implications of risk mitigation programs can be budgeted. CorRisk can also provide a risk management framework that can monitor and manage the threats and obstacles to achieving business strategy.

Why Choose CorRisk?

CorRisk will enable you to:

• Monitor and manage risks that can impact strategy execution
• Provide visibility into risk scenarios, KRIs, accountability, and cause-and-effect risk drivers through personalized dashboards, risk maps and exception reporting
• Align financial exposures, business operations and risk management plans with business strategy
• Monitor Key Risk Indicators (KRIs), key risk scenarios, compliance and controls
• Analyze the potential financial impact of risk scenarios with predictive forecasting and causal modeling
• Measure inherent and residual risk before and after risk controls, to monitor the effectiveness of risk controls and actions taken over time