Pelican Reviews & Product Details

Pelican ERM is an integrated enterprise risk management system developed by Vose Software, designed to assist organizations in identifying, evaluating, and managing risks across various business functions. The system comprises four primary modules: risk identification, quantitative evaluation, risk dashboards, and task assignment with monitoring capabilities. In the risk identification module, Pelican enables businesses to catalog potential risks and outline strategies for their management. This foundational step ensures a comprehensive understanding of the risks an organization faces. The quantitative evaluation module allows for the assessment of the likelihood of these risks occurring and the potential impacts they may have on the business. This data-driven approach facilitates informed decision-making and prioritization of risk mitigation efforts. Pelican's risk dashboards provide a visual representation of the organization's overall risk profile, adherence to risk management strategies, and tracking of changes in risk-based performance and potential threats. These dashboards are customizable and accessible via various devices, including tablets, PCs, Macs, and smartphones, ensuring that authorized personnel can monitor risk metrics in real-time. The task assignment and monitoring module allows for the delegation of specific risk management tasks to individuals within the organization. It includes features such as automatic email reminders for upcoming or overdue tasks, ensuring accountability and timely completion of risk mitigation activities. A notable feature of Pelican is its use of Bowtie diagrams, which visually represent risk events along with their potential causes and consequences. This tool aids in communicating mitigation and control strategies effectively. Additionally, Pelican maintains a database of past risk experiences and management strategies, enabling organizations to learn from historical data and apply effective strategies to new, similar risks. Pelican also supports the comparison and ranking of risks across multiple exposure types, such as financial, health and safety, environmental, legal, strategic, and cash flow. This comprehensive approach ensures that all potential impacts are considered in the risk management process. The system promotes a collaborative approach to risk management by allowing any employee to raise potential risk issues online, with an option for anonymity. This feature ensures that risks are identified through both top-down and bottom-up approaches, fostering a culture of proactive risk management within the organization. Furthermore, Pelican integrates seamlessly with other Vose Software products, such as ModelRisk and Tamara, centralizing information and enhancing the overall risk management process. This integration ensures consistency and efficiency in managing risks across the organization. In summary, Pelican ERM offers a robust and user-friendly platform for organizations to systematically identify, evaluate, and manage risks. Its comprehensive modules, visual tools, and collaborative features make it a valuable asset for businesses aiming to enhance their risk management strategies and ensure organizational resilience.