New Configurable Out-of-the-Box Reports
Published: August 28, 2024
Staying ahead of the curve means having the right insights at your fingertips. That’s why we’ve redesigned our most popular reports – the ones our LogicManager community have sworn by for years. While we were at it, we made them configurable so you can tailor them for your unique needs. They’re all available right now “out of the box” with more coming soon!
Why You’ll Love These New Reports:
- Available out-of-the-box – starting with 12 new reports, and more coming soon — each built on best practices from the LogicManager community.
- Fully configurable – reorder fields, add new fields, and manage filters to make them truly your own.
- Packed with insights and best practices – empower your decision-making with reports built on LogicManager’s best practices, delivering the business insights you need.
Designed Based on Your Feedback
At LogicManager, we believe that the best innovations come directly from those who use our platform every day. That’s why we formed a Reporting Council with our valued customers, gathering direct feedback to shape these new reports. The result? Twelve redesigned reports specifically tailored for Enterprise Risk Management, Third Party Risk Management, and Internal Audit. These reports seamlessly integrate with our Solution Packages, ensuring a cohesive experience across all your risk management activities.
Introducing 8 Redesigned Reports for Your Most Crucial Tasks:
Top Risks Report and Risk Assessment Dashboard
These tools are designed for Board or Committee members who need to view the most significant risks. The Top Risks Report allows you to choose the top number of risks you would like to see either by plan or across the enterprise, focusing on areas of highest concern. The Risk Assessment Dashboard provides a summary-level view of a particular plan by displaying the risks within it using various heat maps, charts, and summary tables.
Risk Assessment Report
Tailored for Department Heads, Plan Owners, or Directors, this report offers insights into respective risk environments. It provides a detailed narrative format of a risk assessment, walking through each risk individually.
Risk Control Matrix Report
Designed for Chief Risk Officers, this report gives a detailed overview of each risk indicator, including its scoring, reasoning, and related mitigations. It is optimized to be exported into formats like Excel or PDF for easy data manipulation or presentation.
Third Party True Risk Report and Third Party Risk Management Dashboard
These reports are essential for Board Members to understand the risk landscape and ensure effective management of third-party risks. They provide comprehensive views of third-party risks.
Third Party Risk and Criticality Report
This report is crucial for Third Party Relationship Owners. It focuses on managing and mitigating risks associated with third-party engagements, providing insights into the criticality and risk level of third-party relationships.
Task Report:
Ideal for Team or Department leads, this report helps monitor the status of tasks, allowing for easy tracking of progress and ensuring timely completion of objectives.
Third Party Spend Report:
Ideal for Finance and Account teams, this report provides a comprehensive view of third-party contract amounts and details, empowering users to make informed decisions, optimize processes, and manage costs effectively.
Policy Management Overview Report:
Ideal for Board and Committee members, this report offers a high-level overview of policy exceptions, their statuses, and core process dependencies, supporting governance roles and oversight responsibilities.
Internal Audit Planning and Scoping Report:
Ideal for Audit Managers and Senior Management, this report provides detailed insights into audit planning, including references, top risks, and controls, ensuring proper scoping, risk assessment, and resource allocation for effective audit execution.
Internal Audit Fieldwork Report:
Ideal for Audit Managers and Senior Management, this report supports effective governance by providing insights into internal controls and risk management, helping to track progress, implement improvements, and ensure accountability across the organization.
Risk Performance Overview:
The Risk Performance Overview report provides a high-level view of completeness by Core Processes or other dimensions, helping Executives, Department Heads, and Risk Management Teams identify business areas requiring additional resources. This report mirrors the in-app Risk Performance Overview widget by detailing risks, controls, and other critical factors, offering a clear roadmap for prioritizing risk management efforts and resource allocation.
Readiness Summary:
The Readiness Summary report helps Compliance Officers, Internal Auditors, and Senior Management identify and prioritize compliance gaps across the organization. With the “Percent Compliant” metric, you can quickly gauge how well your organization adheres to key standards or regulations. This report is essential for understanding where to focus corrective actions, communicating progress to stakeholders, and ensuring continuous compliance improvement.
Readiness Crosswalk:
The Readiness Crosswalk report allows Business Leaders, Executives, and Process Owners to evaluate the alignment of readiness assessments for a specific business process. By providing a side-by-side comparison of evaluations from different sources, this report helps users identify gaps and areas of misalignment, ensuring more effective strategic decision-making and targeted improvements to enhance process readiness and resource allocation.
Readiness Survey:
The Readiness Survey report provides insights into compliance and IT governance, helping Compliance Officers, Executives, and Department Heads identify gaps and allocate resources more effectively. This report organizes assessments by regulations or frameworks and supports strategic planning for risk management, aligning compliance initiatives with overall business objectives to ensure resource allocation meets critical needs.
Event Log:
The Event Log report consolidates all event-related information in one place, eliminating the need to generate separate reports for different event types. Managers, Executives, and Department Heads can use this report to quickly access data for root cause analysis and gain insights into event interdependencies, enabling more informed decision-making and streamlined event management.
Start Using LogicManager’s Out-of-the-Box Configurable Reports & Dashboards
These out-of-the-box reports are designed to help you stay ahead of risks, streamline your processes, and make more informed decisions. Ready to try them out?
Find them in the LogicManager Report Portal: Documents > Configurable Reports > Strategic Reports.
If you need help, LMX – your AI-powered sidekick – is standing by to guide you. We can’t wait to see how you’ll use these reports to make an impact!