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Jack helps to Improve Internal Audit Planning with Enterprise Risk Management

Lara is an extremely proficient auditor in Alan’s company. She clearly understands that Enterprise Risk Management plays a key role in ensuring that the company audit programme is truly risk-based.   Jack helps Lara and Alan understand that ERM Software provides a risk-based approach, and discusses five advantages to add value to the internal audit process…




Operational Risks

Operational Risk Management and Innovation – Cure For Risks Faced In Organizations

Although it might sound surprising, a few businesses across the world still think that innovation and risk management do not go hand in hand. Innovation and risk management are increasingly seen as adversaries, rather than being complementary. When appropriately combined, the two can help organizations leverage on opportunities that spring from a risk-averse culture. On…




ORM Software

The 7 – Step Approach to Mitigate Operational Risk Management

Operational risks impact the reputation and financial stability of a business significantly. A lack of strong risk mitigation strategies results in various operational failures, leading to crises in organizational management. That is why many businesses have started procuring significant resources to design a more robust risk-management framework. Contemporary businesses are particularly keen to develop business…




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Training and Education for Developing Risk Management Capabilities

Risk managers hold great responsibilities and take on a variety of important roles to contribute to the success of their companies. In most companies, risk management is deeply connected with strategic thinking, the mission and vision of the organization. However, there is an apparent gap between risk managers and employees regarding the primary roles and…




ERM Software Solutions

Looking to Measure the Effectiveness of your ERM? Read on

Organizations are becoming increasingly aware of the value of managing risks. And the regularity with which financial disasters seem to be hitting the markets, certainly has companies convinced that performing in business is not possible without taking risks. Enterprise Risk Management (ERM) helps an organization counter risks and other critical issues. ERM enables recognizing events…




Careweb Internal Audit solution

Why Risk Based Audit is Essential in ERM?

Risk based internal audit has become more and more desirable for businesses. Organizations need to figure out what really matters to them, what are the undesirable for their business and above all, what are the key risks that their organization can be subjected to as well as their impact. The main objective of internal auditing…




Enterprise Risk Management Best Practices

Enterprise Risk Management Best Practices

Profound understanding of the various aspects of Enterprise Risk Management is crucial to anticipate, manage and mitigate risks around your business activities. It is essential to understand the best practices to enhance business performance and ensure success in ERM implementations. Track and monitor on a regular basis It is imperative for the leadership team or…




Enterprise Risk Management and Crisis Management

Enterprise Risk Management and Crisis Management

The primary goal of Enterprise Risk Management is to boost operational effectiveness by improving business processes and mitigating potential losses. The major challenge lies in bringing diverse departments with varied requirements to communicate with each other and share information in a unified system. In addition to ERM, it is essential for companies to have an…




Mistakes to Avoid While Choosing ERM Software

ERM Pitfalls – 5 Mistakes All Industries Must Avoid While Using ERM Software

Many companies are increasingly turning to ERM to exercise greater control over their business and to gain a competitive advantage. Companies have begun to invest more in formal Enterprise Risk Management solutions, but often a poor implementation strategy has resulted in mixed results. Although an ERM solution provides many benefits, the organization needs to be wary of…




ERM Strategies

ERM strategy – A Strategy to Know ‘Good’ and ‘Bad’

Risk management is the systematic procedure to discover, analyze, assess, treat, and monitor risk in an organization to diminish the unfavorable effects of loss. For such methodical process, it is imperative to have a strong risk management strategy in place, in order to augment business success and benefits. Although losses and risks are unexpected and…




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