LogicManager Risk Taxonomy | Robust ERM Software 2018-03-26T14:35:57+00:00

Risk Taxonomy

Define relationships between risks, resources, and processes across your organization with LogicManager’s risk taxonomy tool.

Take a holistic approach to risk management with our operational risk taxonomy.

Managing risk across an entire enterprise can feel like putting out an endless string of fires. Many software solutions complicate matters by managing risk within silos. We built our software from the ground up based on our risk taxonomy, recognizing that businesses need to break down silos to be successful. LogicManager’s taxonomy technology gives you a fully connected picture of your risk. Create relationships between risks, business units, mitigation activities, and more. When you say goodbye to silos, you take your program to the next level. LogicManager helps you improve business performance, uphold your reputation, and reach your goals.

risk taxonomy

Bridge the gaps in your risk program.

It’s easy to overlook critical pieces of information when operating in isolation, like which departments face the same risks, or where you’re duplicating effort.

LogicManager’s taxonomy enables our customers to create links across their organizations by connecting incidents to policies, vendors to business processes, physical assets to their associated contracts, and more.

When you pull this information into one cohesive picture, you’re able to recognize upstream and downstream dependencies, identify systemic risks, and design centralized controls.

taxonomy management

Allocate resources effectively.

Our operational risk taxonomy enables you to uncover overlap in your company’s risks and mitigation activities.

Too often, companies design duplicate controls for risks that affect multiple departments, therefore misallocating their resources.

With LogicManager, you can prioritize risks and controls, and allocate resources to the most critical areas of the business to get the best ROI you can.

risk taxonomy software

Keep all your risk information in one place.

LogicManager is a centralized repository for all of your risk information. Keep track of risks, assets, vendors, policies, controls, tasks, and more in one online platform.

If you’re using spreadsheets, emails, and Word documents, you’re spending too much time and effort updating information in different places, and hunting down data among different systems.

Eliminate duplicate efforts and cut costs by centralizing your information.

operational risk taxonomy software

Standardize your risk management process.

When each area of the business approaches risk differently, it’s impossible to aggregate objective and accurate information.

Ensure every business unit is communicating uniformly about risk with LogicManager’s pre-built risk library and centralized risk taxonomy.

Collect comparable data across departments with risk assessments based on numeric scales and standardized evaluation criteria.  Visit Identify & Assess to learn more.

risk metrics and monitoring software demo

Succeed with connected solutions and unlimited support!

LogicManager’s risk tracking solutions help you understand key dependencies and control effectiveness, so you can better allocate time and resources towards what matters most. Request a free demonstration of our solutions to see how LogicManager’s connected solutions and unlimited support can enable your success.

Integrate your risk and governance areas.

Still curious about our taxonomy technology?

Flip through our eBook “How to Integrate Risk & Governance Areas,” where we discuss the advantages of breaking down silos.

Leverage our dynamic risk assessment tools.

Standardized enterprise risk assessments and objective criteria are the foundation of effective risk metrics and monitoring. Explore how LogicManager’s risk identification and assessment tools can help gather information across functions and levels.

Explore our other features.