Break down silos
Using an ERM software to manage your operational loss events helps you break down organizational silos and gain a centralized view. Our Operational Loss Events form allows you to track operational loss events as a whole, so that you can identify where these events are occurring, where existing issues overlap across departments, develop strong and efficient fixes and prevent these events from occurring again in the future.
Identify critical gaps
Through a centralized list of operational loss events and our reporting functionality, this makes it easier than ever to determine if there were weak or failed processes in place and where it is stemming from. This allows you to be more proactive in the future, aggregate this information and compare across the whole organization to identify systemic risks.