Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Operational Risk Management, as outlined in the Basel Banking Accord, refers to the potential for direct or indirect losses stemming from inadequate or failed internal processes, personnel, systems, or external events. Regardless of the nature of your enterprise, operational risk threats emerge even before any products are offered to the market. By gaining insight into these risks, including their likelihood and potential impact, businesses can focus on implementing effective controls for the most critical threats. Furthermore, comprehending the root causes of issues can aid employees in enhancing their operational practices, minimizing costly mistakes, and ensuring a high standard of service delivery to clients. The tracking of Loss Data, commonly known as internal data, involves meticulously recording incidents of loss and correlating those data points to specific business units, processes, and control failures that either caused or contributed to the issues. This systematic approach not only helps in mitigating risks but also fosters a culture of continuous improvement within the organization.
Description
Designed to safeguard businesses and enhance profitability while reducing losses and managing incidents efficiently, RiskReady empowers loss prevention and risk management teams to gather information on incidents, events, and audits, thereby streamlining workflows. The journey to operating more effectively starts with the simplification of processes. In terms of boosting productivity, a solution like RiskReady equips your teams with essential tools to make swift, informed decisions that yield significant outcomes. With user-friendly dashboards, incidents are reported effortlessly, providing real-time data and insights that enhance visibility across the entire loss prevention and risk management process. These robust dashboards, along with various views and reports, consolidate data into clear, comprehensible visuals. By utilizing these capabilities, potential risks are communicated directly to decision-makers, facilitating timely actions and improved control. Ultimately, this leads to a more proactive approach to risk management, ensuring that businesses can respond effectively to emerging threats.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Azilon
Website
www.azilon.com/products-rm.asp
Vendor Details
Company Name
TEAM Software
Founded
1989
Country
United States
Website
teamsoftware.com/software/riskready/
Product Features
Product Features
Risk Management
Alerts/Notifications
No
Auditing
No
Business Process Control
No
Compliance Management
No
Corrective Actions (CAPA)
No
Dashboard
No
Exceptions Management
No
IT Risk Management
No
Internal Controls Management
No
Legal Risk Management
No
Mobile Access
No
Operational Risk Management
No
Predictive Analytics
No
Reputation Risk Management
No
Response Management
No
Risk Assessment
No