Make managing enterprise-wide risk management simple and practical by taking complex material, breaking it down, and making it accessible for anyone in the organization.
With upstream and downstream dependencies automatically uncovered, LogicManager’s Taxonomy technology provides insight to your entire governance structure and the vulnerabilities throughout, while simplifying the management process.
Without a centralized risk-based taxonomy, understanding systemic concerns and potential loss events across all silos and business processes is extremely difficult. If each area of the business uses its own terms to identify and classify risk, then the aggregated information will be subjective, incomplete, redundant, or flawed. Thus, different types of risks cannot be compared across unless a common set of standards or method for managing relationships between different types of data exists.
An operational risk taxonomy solves this challenge by providing a common framework and structure to achieve enterprise risk management, governance and compliance. With dependencies automatically uncovered, LogicManager’s Taxonomy technology provides insight to processes and vulnerabilities.See For Yourself
New LogicManager customers also have the option of asking their dedicated Advisory Analyst to recreate and mirror any existing risk information and findings that are already in place. We’ll replicate these items, including your business’s logo and branding, as a first step in the development of your LogicManager environment.
LogicManager’s BI risk reporting tool requires no IT training or experience, and is included with any subscription to our ERM software. Simply drag and drop the fields and filters you’d like to create, and the tool will do the rest.
Click to enlarge sample risk taxonomy & resource library.