LogicERM users create their own ERM plans to manage risks and opportunities for their areas of responsibility. Plan owners then invite others into their plans to collaborate in this risk management process to gather, organize, analyze and report information.
- Engage front line management in the assessment process
- Establish common evaluation criteria and scoring to compare risks
- Set corporate risk tolerances for activities and compare actual performance
- Link existing and new controls to assessment risks
- Design, schedule and execute a testing program based on risk priorities
- Capture, escalate and resolve issues through workflow
LogicERM unique technology makes applying a risk management approach simple. There are five clear steps to the risk management process. Each step walks a participant through enterprise risk management best practices from their view point of functional expertise, their role in the organization using risks specific to their business area.
Download an overview of the enterprise risk management process according to the Australian/New Zealand Standard AS/NZS 4360:2004.
Testimonials
"LogicManager goes beyond software by providing us a framework, infrastructure and process embedded with best practices to guide our Enterprise Risk Management journey."
Enna Pietrantoni, Head of Risk Management at Hannover Life Reassurance Company of America
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