GRC STACKTM’s Operational Risk Management Solution (ORMS) provides professionals with flexible methodologies, tools to aid in the identification, evaluation, monitoring and control of operational risks and streamlines the operational risk management process across the enterprise. Internal risks of a loss, caused by inadequate internal processes or systems or poor employee behaviour or external risks like cyber attacks, frauds, catastrophic events and non-compliance with regulatory guidelines. It does not, however, include strategic or financial risks. The effects of these risks are pervasive and deal with functions like vendor management, risk management, human resources and audits etc.
Although it is challenging to understand and manage the various operational risks faced by an organization. GRC STACKTM’s ORM solution enhances the risk identification and assessment processes of your organization by offering multi-level risk and control libraries that help define and control operational risks. It gives you frequent analytic reports on risk evaluation which makes the mining and depiction of data easier and more relevant. This, in turn, enables better decision-making, lesser financial losses, and helps you successfully avoid penalties and reputational damage. Embrace GRC STACKTM to replace time-consuming manual ORM processes with highly automated workflows at your organization.
Our GRC consultants will discuss your specific needs and provide the most suitable customised solution