Risk Management
Ten Risk Manager Benefits
- Identify risks & create a mitigation plan
- Assess risks using configurable impact and likelihood matrix
- Rate Gross, Residual (Net) &
Target Risks - Identify and assign Risk Ownership
- System generated email reminders ensure every risk, control measure and task is accounted for and reviewed regularly
- Analyse Risks by Category, Objective or Business Unit
- View Trend History of Risks & Controls
By identifying and proactively addressing risks, business can protect all their stakeholders; shareholders, employees, customers and regulators.
Ten Risk Manager
Enterprise Risk Management Software
Ten Risk Manager addresses operational risk, helping organisations to minimise any losses resulting from inadequate or failed internal processes, people and systems, or from external events.
Risk is all around, all the time
Statutory and regulatory obligations demand clear end-to-end control of risk management processes.
Enterprise risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes or disasters, as well as a deliberate attack from an adversary. The strategies to manage risk typically include creating a mitigation plan to reduce the negative effect or probability of the risk; transferring the risk to another party (insurance); or even accepting some or all of the potential or actual consequences of a particular risk (risk appetite).
Risk Managers have grappled with spreadsheets (and other silos) scattered across the enterprise for years, and as a result have found if difficult to easily present a consistent shared view, which is what is required to ensure good governance and well informed decision making. Ten Risk Manager addresses this by providing multi-user web access enabling Users to update, manage and view risk information in real time.
Ten® Risk Manager - for effective Risk Management
Ten Risk Manager is a scalable, web based, feature rich Enterprise Risk Management solution designed to help organisations minimise the impact and losses resulting from inadequate or failed internal processes, people and systems, or from external events.
Built around a central repository of corporate risk information, Ten Risk Manager helps organisations to identify, assess, prioritise, minimise and control the probability and impact of strategic and operational risks. It supports standards such as ISO 31000; Sarbanes-Oxley; Information Security Risks to ISO 27000; and the requirements of FCPA/UKBA and BS10500 as examples.
Any number of risks and mitigation factors may be entered into Ten Risk Manager, by multiple users across the enterprise if required. An assessment of the likelihood and magnitude of impact/consequence is assigned to each risk to produce an overall risk rating and mitigation factors are applied to reduce the likelihood or the impact - thereby reducing the risk rating to an acceptable level.
Find out More about Ten Risk Manager by requesting a free consultation meeting and demo - click to request.
