Ten Risk Manager
Hitec’s Ten Risk Manager is a structured end-to-end Risk Management
framework for managing an extensive range of strategic and operational
risks in a consistent and cost effective manner. Ten Risk Manager:
- automates the key elements of the risk management cycle
- provides a shared central repository of risk-related information
- presents both a ‘top down’ or ‘bottom up’
view of information, that link risks to strategic objectives
- allows customers to develop risk management strategies using software
that is easy to implement and understand
Design Principles
a centralised, consistent view of organisational and individual responsibilities- automation of key risk management and mitigation processes
- extensive availability of templates to simplify each stage of the
risk management process
- intuitive browser-based access and control
- facility to establish links between risks, controls and people
- rapid implementation, for fast deployment and quick payback
Risk Identification
- individual risk entry and classification e.g. type (Financial, Legal,
Compliance etc)
- role allocation e.g. Risk Owner, Risk Manager
- importing of related documents
Risk Assessment
- assessment and quantification of impact and likelihood
- intuitive system for calculating Inherent Risk
- different views of risks
Risk Mitigation
- automated calculation and communication of Residual Risk
- creation and communication of mitigation and contingency plans
- templates for entry and editing of controls
Monitoring and Reporting
- presentation of summary and detailed reporting information on screen
- dashboard facility e.g. for consolidated, summary information at a
departmental level
- facility to export reporting data to office applications
- current and historical views
- standard and customisable reports
- automated email-based reminder and escalation facility e.g. to Risk
Managers with uncompleted tasks
- vertical and horizontal views e.g. see status of all risks classified
as ‘Regulatory Risks’
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US, Canada & Caribbean +1 (508) 620 5372