Risk within an enterprise can come from various sources including mergers/acquisitions, new regulations that may be subject to varying interpretation, or the entry of a company into a new market with substantial exposure and returns. By implementing an Enterprise Risk Management (ERM) framework, organizations can reduce the likelihood of unexpected disruptive business events in their environment. An effective ERM system implementation helps increase operating margins, reduce earnings volatility, enhance process efficiency, improve regulatory compliance, and optimize cash flow reserves.
MetricStream ERM Solution enables organizations to identify, assess, quantify, monitor, and manage their enterprise risk in an integrated manner. It brings together all risk management related data --including risks and their corresponding controls and assessments, results from individual assessments, key risk indicators, events such as losses and near-misses, and issues and remediation plans - in a single solution. The solution's workflow capabilities streamline the risk assessment process, while risk heat maps enable organizations to set their priorities and make strategic decisions based on the risk response.
The ERM solution uniquely combines software and content.Embedded best practices help define the scope of risk management processes and sub-processes, and guide the development of control and test libraries. The solution also provides access to training content from experts, and enables integration of business processes with regulatory and industry alerts.