Enterprise Risk Assessments
Identify and Assess Risk For Your Organization with Enterprise Risk Assessments
LogicManager’s Enterprise Risk Assessment Software empowers organizations to better identify and assess risk across the company - allowing for proper controls and monitoring to be put into place to tackle these risks at a root cause level. Root cause analysis within our risk assessment templates is instrumental in making sure that your organization knows the ‘why’ behind what happened so it can properly mitigate in the future. Our risk-based approach will also allow you to mitigate what you discovered in the enterprise risk assessment template in order of criticality to your business, spending resources in the most efficient and effective way possible.
- Our comprehensive Risk Library, organized by common root cause sources of departmental risks, helps you design controls that more effectively mitigate systemic risks.
- Conduct enterprise risk assessments in a uniform fashion with our pre-built, configurable assessment templates that standardize results for comparable data over time.
- Using our Enterprise Heatmap, visualize which departments need additional resources or auditing to strengthen the overall enterprise.
- Leverage a centralized repository of mitigation activities, controls, and procedures for risks across your entire organization.
- Experience a robust Reporting & Dashboards system that makes it easy to drill into data such as departments with the most critical risks, department-specific risk factors, and much more.
For additional value:
VETTED BY THE BEST FOR ENTERPRISE RISK ASSESSMENTS
Why Logicmanager? – Users of LogicManager’s ERM software explain how they have benefited from our platform and expert advisory service.
Customer Success StoriesExplore How Companies Overcame Challenges With Our ERM Solution
Georgia Farm Bureau Mutual Insurance Company® Case Study
Georgia Farm Bureau Mutual Insurance Company® transformed the reputation and value-add of their risk management department by leveraging LogicManager’s software.
Regulatory Challenges and Enterprise Risk Management Case Study
How one of LogicManager’s customers in the financial services industry has used LogicManager to manage regulatory challenges with a best practice Enterprise Risk Management program.
What Our Customers Are Saying...
The LogicManager DifferenceA Holistic Approach to Enterprise Risk Assessments
Business Decision InsightsFocus on What’s Important
Through our ERM software, we enable our customers to allocate more time to strategic risk management, reducing their involvement in tedious administrative activities like data cleansing and manipulation. Our solution enhances operational efficiency while uncovering the “unknown knowns” that risk managers may overlook, thus ensuring proactive identification and mitigation of risks.
Customer ExperienceStreamline Your Risk Management Program
Unlike other software that requires IT professional customization, our solution allows customers to control engagement through an end-user configuration. This approach enables faster time-to-value and allows organizations to evolve their programs over time, not to mention a quicker return on investment.
Risk-Based ApproachPrepare for Tomorrow’s Surprises Today
A risk-based approach is the key to effective governance, risk, and compliance. By adopting this methodology, organizations can prioritize their efforts across different departments, recognize potential hurdles and crucial interdependencies, and allocate resources appropriately. Embracing a risk-based mindset allows organizations to strategically allocate their resources to areas that hold the most value in terms of privacy protection and compliance.
CapabilitiesAn All-In-One Enterprise Risk Assessment Platform
Frequently Asked QuestionsFoundations of Enterprise Risk Assessments
Risk assessment software can help you identify, evaluate and mitigate threats that could potentially harm your organization. It can help you more efficiently and effectively minimize losses, ensure employee safety, improve your reputation, and more. Risk assessment software does not include many of the features that are typically included in an ERM or GRC platform, because it focuses solely on the risk management department’s responsibilities, particularly their responsibility to assess risks.
Risk Assessment software usually includes tools for helping you identify hazards and determine who or what may be harmed if that hazard materializes. There will also likely be tools for streamlining ways to take action against those risks through mitigation and monitoring, recording your findings, and repeating the process through review and continual updates.
Risk assessment software may be right for you if you’re looking to increase customer and investor confidence, better prevent risks and increase efficiencies. However, simply using software to help you complete risk assessments can leave you vulnerable to blind spots without a risk management plan. Risks are a part of every facet of every organization, so if you have the budget to invest in ERM software, you’ll experience a more strategic, high-level view of your risks and ultimately receive better short and long-term ROI.
Simply put, a risk assessment is the process of analyzing the specifics of different risks faced by your workplace.
On a more complex level, going through the risk assessment process will reveal granular levels of each of those risks, including their impact, likelihood, and assurance. This helps you more clearly see the consequences of certain risks materializing, especially when used with a great risk management plan.
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Request a DemoLearn How LogicManager’s Enterprise Risk Assessments Can Transform Your Enterprise Risk Management Program
Speak with one of our risk specialists today and discover how you can empower your organization to uphold their reputation, anticipate what’s ahead, and improve business performance through strong governance.
