Solution Summary
Linking Risk to Performance Management
We understand risk management is not a separate module - Instead, it is an approach that adds value to both top-down and bottom up activities within the organization.
Business areas have a large amount of interdependencies and therefore overlap of activities. LogicManager identifies the often overlooked but valuable reusable information between business areas and makes the connection to performance management.
So as you evolve with LogicManager, your risks, processes, and strategic goals, become streamlined and prioritized based on a set of common standards and assumptions. Efficiency gains are typically up to 80%.
Watch this short video to learn more on how to organize your organization's risk activities all in one place and directly link them to performance management.
One common ERM software-as-a-service platform addresses:
Business Metrics (CFO Flash Report)Monitor progress on goal achievement, analyze trends over time with a forward looking view, and identify emerging risks.
Vendor Management
Determine who are your most important vendor relationships and manage their performance to your operations.
Balanced Scorecard
Define and report on goals and align activities based on their connection to strategic imperatives.
Financial Reporting (SOX)
With the same amount of effort to prevent misstatements, simultaneously make clear the link between all business activities and their financial impact, not just the financial ones.
Business Continuity
Identify critical business functions to plan for emergency incidents from inception to conclusion.
Internal Audit
Streamline required activities throughout the audit process, and focus discretionary time where it matters most.
Security and Information Technology
Clarify roles and responsibilities and help IT manage risk due to changes in your business environment.
Industry Operations
Achieve transparency, alignment and a forward looking view to manage your risks and goals at the activity level.
Regulatory Compliance & Ethics
Streamline compliance processes and add value at the same time.
Treasury
Anticipate and prepare action plans to satisfy rating agencies, M&A and risk disclosures.
Insurance & Safety
Manage how much coverage is needed and identify where gaps exist.