LogicManager RFP Response

Parent Company: LogicManager
Address:
6 Liberty Square #2316
Boston, MA 02109
Website: LogicManager.com
Service: Corporate Governance / Enterprise Risk Management
Type: SaaS

At a high level, LogicManager is a Corporate Governance platform. Our approach allows organizations to integrate multiple risk management processes across departments and functions. This enables effective and responsible decision-making from company leadership, while also ensuring effective communication of risk goals and program performance up and down the organization. The goal of corporate governance is to enable organizations and their leadership to uphold their fiduciary duties to protect the interests of all stakeholders and create long-term growth and sustainability. Through proper oversight of risk management processes and responsible decision-making, our clients can effectively prevent fraud, waste, negligence, and abuse.

LogicManager was founded in 2005 as an enterprise risk management organization. In 2008, the RIMS Risk Management Society, a longstanding partner of LogicManager, published the results of our work; proving a direct correlation between better business performance and a higher degree of adherence to the Risk Maturity Model.

Today, LogicManager provides powerful risk management software with comprehensive solutions that supply organizations with focused and improved risk management processes. Our software allows you to centralize your risk management program into an all-in-one hub while streamlining your processes with a range of automated tools that allow for better risk identification, monitoring, and reporting. We were inherently built as a centralized software, therefore information flows seamlessly between each area, instead of acquiring pieces that may not speak to each other as well. Additionally, we pair customers with our team of expert thought leaders and risk management consultants to get your business to go exactly where you want it to go.

With a range of personalized training sessions and best practice consulting services, our team can make your hard work easier and deliver results to both protect and optimize your business all while not charging professional service fees. Our strategic vision is delivering no-code enterprise solutions, integrating machine learning, and becoming a centralized hub for all technologies in a company’s ecosystem.

LogicManagers enterprise risk management software enables you to uncover risk across the enterprise, evaluate your most critical risks, and develop effective mitigation and monitoring activities. This includes pre-built libraries and assessments, automated task notification, control testing, issue management, and robust reporting.

LogicManagers information technology and security solution packages allow you to identify critical risks, adhere to compliance requirements, and objectively prioritize which concerns require increased attention and allocation of resources.

LogicManager’s vendor management software provides the foundation needed to maintain the full lifecycle of all your relationships. This includes onboarding/offboarding, ensuring compliance with your key requirements, tracking vendor issues, recording due diligence responses, uncovering vendor dependencies, and prioritizing top vendors through assessments and key risk indicators.

LogicManager’s policy area provides a central location for the entire policy process, including drafting, approvals, review, updates, and even attestations. This enables you to gain efficiency in how your organization communicates and shares information.

LogicManagers SOX package helps to streamline financial reporting requirements using standardized risk assessments, control management, and testing. Our software provides transparency into operational risk, key controls, and testing activities to the main accuracy in financial reporting requirements and ensure proper documentation for compliance.

LogicManagers risk-based business continuity solution helps with disaster recovery planning, business impact analysis assessments, and assurance that critical business areas will not be disrupted in the event of a challenge or disaster.

Using LogicManager’s Audit solution, you can manage your audits from reviewing your audit universe and doing the initial planning and scoping, to performing the fieldwork, to tracking any issues and findings that were identified through to completion. Risk-based approach - we take a risk-based approach to audit to help organizations prioritize their time and resources auditing the areas that need it most, both in prioritizing what audits need to be conducted, and also in prioritizing what controls need to be tested and reviewed.

LogicManagers integrated compliance software provides a standard framework to assist customers in streamlining their compliance management concerts and staying up-to-date with automated alerts and notifications.

LogicManager has a flexible, built-in reporting engine that enables you to access information in a variety of formats to meet the needs of your organization. Different stakeholders may want different views of the same information depending on the level of granularity desired. The reporting engine allows you to create fully configurable reports and dynamic dashboards to fit those needs, whether it be an export to Excel for easy data manipulation or a high-level Insight Workbench to quickly identify trends.

LogicManager’s workflow tool allows you to construct a workflow with multiple decisions (or "branches"), notifications, and approvals to logically automate the process and keep the right people informed. Any number of workflows can be created and stored in the system whether it be approving a new vendor or reviewing an updated contract. This will help to create efficiencies in your program by automatically triggering the appropriate actions based on your needs.
Tasks can all be email integrated, this allows for quick adoption of the platform!

LogicManager’s implementation period and ongoing support model are designed with your best interests in mind. We aim to be your mission-critical partner and will target our resources to meet your goals. Understanding that your success is our biggest priority, implementations are done at the solution area level. To get you off the ground you will be paired with a dedicated Implementation Specialist to get you started off on the right foot, as well as a Customer Success Representative who will be there throughout the entirety of our partnership. Equipped with best practice expertise and all of the knowledge about our tool that’s needed to excel your program, our risk experts provide their unlimited support at no extra cost.

Our implementation is focused on a strategic content setup and not a technical configuration.

During implementation, we start with a kick-off call, where our team will work with you to better understand your key challenges and business mile (short and long term). Each implementation is tailored to the organization, but we do provide a step-by-step implementation plan as a starting point.

The implementation also includes training resources. This includes access to a full knowledge center that includes workshops, product walkthroughs, blogs, case studies, and best practice guidance.

The overall training methodology is to train the trainer. We will train you and your colleagues in manageable steps using your own data, providing session recordings and other documented guidance along the way.  Our goal is to ensure your understanding and confidence in the system through constant communication with your advisory analyst. You will have recurring meetings to make sure we are working at your pace.

Implementation and training also include the following:

Customers can import data they would like to store in LogicManager using the Data Load Utility. Data can be exported to PDF, Excel, PowerPoint, Word, Postcript and XHTML. During initial setup data migration is included in our implementation cost and done by your dedicated implementation team.

Out of respect for our client's time, references cannot be set up during the RFP/RFI process. If LogicManager is a selected vendor or is shortlisted we would be happy to connect you with a similar client (Solution area, industry, or size)

LogicManager is a SaaS-based solution that is hosted in Oracle Cloud in either the USA, EU, Middle East, or APAC.