Operational risk management software identifies, assesses, and addresses operational risks across all departments of a company. This type of software is used to prevent losses that may be caused by different factors such as human behavior, inconsistent processes, or issues related to technology. Companies use operational risk management solutions to define and implement strategies and plans required to streamline the management of operational risks. Compliance officers and managers from all departments of a company use operational risk management tools to share information and collaborate on risk mitigation and avoidance.
Operational risk management software is often implemented as part of enterprise risk management or governance, risk, and compliance projects. This type of software consolidates data from multiple systems such as ERP systems or accounting software. Operational risk management tools can be integrated with other risk management software such as IT risk management software or environmental health and safety software.
To qualify for inclusion in the Operational Risk Management category, a product must:
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LogicGate enables enterprises to transform disorganized risk and compliance processes into easy to use applications with an intuitive user interface. The platform enables organizations to configure powerful yet pragmatic agile GRC workflows, logic, and rules to reduce their risk exposure and reduce costs associated with managing large compliance programs.
Oversight Insights On Demand™ is a web-based software solution that automates spending program compliance by comprehensively analyzing expense report, purchase card, and accounts payable transactions to identify fraud, non-compliant purchases, and wasteful spending. Through visibility into the interaction between policy and behavior, Oversight offers opportunities for ongoing improvement, and helps organizations transform how they are managing risks in their spending programs. Key Differentiators include: • Artificial Intelligence Based Analytics • Behavioral analytics for observing patterns and trends • Robust workflow with automated audit, communications, and root-cause tracking
Quality & Project Management for achieving and maintaining ISO 13485:2016, CE Mark or U.S.QSR (21CFR 820) for 510(K) Compliance Success. qmsWrapper integrates 5 separate software into 1 complete cloud based system, including Project, Risk, Document and Quality Management modules with built-in Team Messaging for the best Collaborative Compliance experience. Quality managers with little experience can easily step into the role and effectively start. Create safer, better, medical devices and get them to market faster.
SAI Global Risk & Ethics and Compliance empowers customers to focus on developing an effective integrated risk management solution with a combination of software and learning content. Together, with our expertise, organizations can build and foster a strong risk and compliance culture, integrate risk management business process, and strengthen organizational ethics and employee behavior. SAI Global is a recognized leading provider of integrated risk management solutions, assurance, and property services. We help organizations protect their brands by proactively managing risk to achieve business excellence, growth, sustainability, and trust.
AgenaRisk uses the latest developments from the field of Bayesian AI and probabilistic reasoning to model complex, risky problems and improve how decisions are made. You can use AgenaRisk to make predictions, perform diagnostics and make decisions by combining data and knowledge about complex causal and other dependencies in the real world. Our clients use AgenaRisk to model operational risk, systems safety & reliability, health risk, cyber-security risk and strategic financial planning.
Utilizing expanded data from the Commercial Financial Network (CFN) and cutting-edge technology and modeling techniques, the Commercial Insight Delinquency Score can deliver groundbreaking increases in predictiveness of risk, fuel expansion of your revenue base by approving customers that would have been rejected, reduce charge-offs for current accounts that may go delinquent.
An easy-to-use, online compliance management solution that enables organisations of any type and size to regularly assess, save and share evidence of their compliance with and performance against specified standards and regulations. Which translates to less time and effort spent collecting and analysing compliance data , and more time implementing improvements. If your organisation is seeking to improve its compliance performance, while lowering costs at the same time, this is the software solution for you.
The Everbridge Critical Event Management Platform is built on the most secure, scalable, and reliable infrastructure with multiple layers of redundancy to provide real-time threat detection, situational awareness, integrated response, and collaboration capabilities all with a single, enterprise-wide view.
Cura's Enterprise Risk Management (ERM) software solutions enable organizations to better manage risk and take advantage of opportunities relating to business objectives and goals. Cura provides a powerful and flexible framework for managing risk, allowing organizations to identify, analyze, evaluate and treat both risks and opportunities in order to protect the corporate brand, create value for shareholders, owners, employees, customers and regulators.
Visual Command Center enables enterprises to can gain situational awareness and risk resilience on an unprecedented scale. Through real-time threat intelligence, situational awareness, and integrated response and collaboration across the enterprise, security and risk professionals can better mitigate or eliminate the impact of critical events to their organization.
Granite Risk Management is a digital tool for modern risk management. With an easy-to-use risk management solution, risk identification and risk assessment take no time at all, and implementing corrective measures is effective. Automated reports make it easy to monitor results and deliver on set goals. With Granite Risk Management risks are easily identified and systematically assessed, and implementing corrective measures is effective.
Nvolve helps companies manage the entire Employee Journey, including Learning, Engagement and Communication. Nvolve is ideal for the deskless workforce, including Recruitment, Food Manufacturing, Storage and Distribution, Pharmaceutical, Medical Devices and General Manufacturing companies.
iRISKTM is a risk-management platform to identify, quantify and prioritize risks and to formulate risk mitigation strategies over lifecycle (control strategy) for new or existing processes. It is built to ensure that your risk activities drive your Business Processes and are aligned with FDA, EMA GMP-Annex 15 and ICH guidelines.
Lacima is a specialist provider of software and advisory services dedicated to valuation, optimisation and risk management for global energy markets. We help you to maximise your profit potential and make more informed decisions by providing tools that yield more accurate valuations, hedging analysis and risk exposure analysis for portfolios of financial contracts and physical assets.
LexisNexis Business Data Enrichment Suite facilitates that process. Drawing from an unparalleled reach of fresh data filtered by sophisticated analytics, you can quickly update customer profiles, fill in gaps and stay in the loop on developments that impact your risk.
Oplift is a digital operations platform for non-desk workers that reduces costs and improves employee performance; through knowledge, compliance and culture. Do MORE for less. It helps you oversee and improve the performance of your entire business. This is achieved by giving you insight, helping you uncover weaknesses and actively working to resolve them through knowledge, compliance and culture. Knowledge - Grow a culture of confidence with a team who are in the know all the time. With notifications, news, comms, microlearning and gamification. Compliance - Get a 100% compliant team, Oplift lets your staff consistently capture data to give you insight into your business to make smarter decisions. Perfect for store audits, staff 1-on-1s, vehicle inspections or daily checklists. Culture - Create a winning culture with a happy and motivated team through 360 feedback, achievements, trophies and quick and easy performance reviews. Get insights across your WHOLE business Everything in Oplift compliments one another rather than working in silos so you get an ENTIRE view of your business, allowing you to see good and bad performance meaning you can act accordingly. Transform your business into an intelligent hub that knows who needs what, when and where. This ensures you run your business rather than your business running you! • 'Best use of technology' and highly recommended for 'best use of training' in employee engagement at the 2017 Engage Awards. • 'Best customer service programme' at the 2017 TJ Awards. • 'Overall Winners' & 'Technology Project of the Year' for the Retail Systems 2016 Awards. • 'App Design Winners' for the Design 100 2015 Awards. Customers have achieved results - A 10% boost in customer satisfaction/NPS scores - An 8% boost in employee product knowledge - A 100% compliant team - A 2.2% increase in sales month over month - 99% monthly usage across the entire workforce - Reduced the time to do audits and checklists by 80% - 65% of staff play our eLearning game in their own time