Enterprise Risk Management
Essential ERM is an easy, web-based enterprise risk management tool that helps automate the process that executive teams go through to identify, prioritize and manage the top business risks to their organization.
The system streamlines risk collection from business units and executives, provides voting functionality to help prioritize risks, tracks risk mitigations and risk treatments, and automates follow-up on action items and reporting throughout the year.
Users can create custom risks and choose from a library of standard risks within their sector. Standard risks come with benchmark data on popularity, average risk treatments, common mitigations and more.
Easy workflow, follow up on action items and monitoring of key risk indicators (KRIs) turn risk management into a continuous process.
Essential ERM saves time for busy executives and risk managers, helps lower risk mitigation costs, and helps reduce risk through improved visibility and accountability, reduced dependence on spreadsheets, knowledge bases and benchmark data, and improved analysis and intuitive executive reporting.
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