Here’s what you can expect with LogicManager’s Mergers & Acquisitions Risk Assessment solution package:

• Drive engagement by sending out direct tasks with email integration to people closest to the different areas of both organizations. Employees are able to efficiently participate and provide critical feedback to risk assessments in a timely manner that is easy to access and understand.
• Consolidate mitigations or controls that actively address the risks that were identified and scored during your assessment. Then, create links through risks and mitigations to better understand all of the ways your controls are used.
• Assign issues directly from the application within mitigations to quickly get the appropriate parties involved to review and improve controls in an easy-to-use automated task function.
• Test the effectiveness of your controls by creating monitoring activities that can be linked directly to mitigations. Assign out these tasks to users to capture crucial qualitative, quantitative and event-driven data related to the effectiveness of controls.
• Gain the ability to save the scores of every risk assessment to compare with the next risk assessment that is performed in our Bookmarking feature. Often used for reporting purposes, see the improvements you’ve made to your e-banking processes through lowered scores and increased mitigations. Use this to provide accurate records to regulatory agencies and auditors to satisfy legal compliance requirements.
• Through your subscription with LogicManager, gain access to strategic and best practice advice from our team of professional Advisory Analysts who have experience in helping organizations achieve and strengthen their ERM programs.
• Using our robust reporting engine, get access to a wide range of out-of-the box risk reports, including a variety of heatmaps and plan specific reports that can be customized and scheduled on a set frequency.

Merger and acquisition risks have many dependencies with other governance activities at your organization. Not to mention it involves the entire enterprise operations of at least one other organization. LogicManager is a fully-integrated ERM platform, meaning it will enable you to evaluate, coordinate and mitigate the verticals and horizontals of both organizations while simultaneously making connections between the two.

Standardize your process

Through a comprehensive mergers and acquisitions risk assessment, have a standardized process for determining the impact, likelihood and assurance of your controls. This makes it easier to engage front line employees and gain insight to build out your mitigations following the assessment. Maintaining a global scoring criteria on the risks helps you take a root cause approach and fosters consistency across your organization.

Proactively identify risks

Proactively identify any new regulations or compliance needs that may become applicable if you move forward with merging with that company. From there, mitigate those risks to get ahead of them. You’ll also be equipped to identify other areas that need to be improved based on the inherent and residual risk scores found in your assessment.