Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
The Risk Management solution is designed for expanding organizations seeking an advanced tool to effectively oversee risks and incidents. In various departments, it's common for risks to go unnoticed or incidents to be inadequately reported. According to OCEG®, a staggering 53% of businesses rely on spreadsheets, documents, and emails for managing Governance, Risk, and Compliance (GRC), while only 27% believe their technology meets their risk management requirements. A unified, searchable database streamlines the process for risk managers, allowing them to efficiently gather, examine, and report on data from various sources instead of struggling with numerous documents in different formats. Once risks are documented, appropriate controls can be implemented to reduce these risks, thereby safeguarding all stakeholders, including shareholders, employees, customers, and regulators. Ultimately, this integrated approach enhances organizational resilience and responsiveness to emerging challenges in risk management.
Description
iCoRisk serves as an innovative accelerator for managing corporate risks, leveraging the Microsoft Power Platform to allow organizations to oversee, reduce, and handle various types of risks—including project, operational, and corporate—within a single, cohesive system. The platform features customizable risk scoring models that accommodate pre-, post-, and target-risk assessments, while also integrating risks with corresponding controls and mitigation strategies, and automating processes like notifications, email alerts, and approval workflows. Users can effectively map risks to different divisions, connect project-related risks with routine business risks, and access real-time, dynamic dashboards and reports powered by Power BI, providing stakeholders with a clear view of risk registers and ongoing mitigation efforts. Additionally, as a component of Microsoft 365 and the Power Platform, iCoRisk ensures seamless integration with Azure, Teams, and various third-party applications, which facilitates collaboration and embeds risk management activities into everyday business functions, thus enhancing overall operational efficiency. This holistic approach not only streamlines risk management but also empowers organizations to respond to challenges proactively and efficiently.
API Access
Has API
API Access
Has API
Integrations
Microsoft 365
Microsoft Azure
Microsoft Dynamics 365
Microsoft Power BI
Microsoft Power Platform
Microsoft Teams
Integrations
Microsoft 365
Microsoft Azure
Microsoft Dynamics 365
Microsoft Power BI
Microsoft Power Platform
Microsoft Teams
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Mitratech
Country
United States
Website
mitratech.com/products/opsriskcontrol
Vendor Details
Company Name
iCoTech Services
Founded
2018
Country
United Kingdom
Website
icotechservices.co.uk/icorisk/
Product Features
Risk Management
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment
Product Features
Risk Management
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment