Risk Management

Description

Managing organization overall risks in various aspects, with the use of paper or basic software solutions, could be quite challenging.

Creating and generating various risks and risk assessment forms for different divisions or events, follow-up actions, and produce required reports for different shareholders. Especially when it comes to the board of directors, they usually demand highly dynamic reports periodically, and that requires a tremendous effort to ensure accuracy at the right time.

The bigger the organization, the more complicated the risk management process. This is purely related to the vast size of information and data related to logging activities/events, analyzing or evaluating risk, and tracking actions with different owners.

↪We have a significant solution to your needs!↩

The “Risk Management” application is Openinside’s specially designed module. It helps the user to generate either activity related to a special function or a general event in a specific department. It has an extremely dynamic workflow engine that allows configuring the process of logging activities/events, analyzing or evaluating risk, and tracking actions with different owners.

The “Risk Management” application is a true digitalization of the risk management process in an organization. In addition to the features, functions, and reports provided, It continues to be very agile to satisfy any additional business need or requirement. It is very user-friendly, and it helps in generating adjustable reports and dashboards.

Menus

• • Risk Management

     

    • Events
    • Risks
    • Reports
      • List of Risks

⁕ All

⁕ Exco

⁕ Board

⁕ Department

⁕ Board Approval

• • • • Risks Dashboard

⁕ All

⁕ Exco

⁕ Board

⁕ Department

⁕ Board Approval

• • • • Risk Profile
  • • Configuration
      • Settings
      • Events/Activities

⁕ Categories

⁕ Tags

• • • • Criteria

⁕ Severity

⁕ Likelihood

⁕ Control Effectiveness

• • • Departments

Reports

• List of Risks

   

  • In this report, the user can preview the list of all the created risks and filter them by department, executive, priority, and status.

• Risk Dashboard

   

  • The dashboard allows the user to preview the list of all risks and filter them by department, executive, priority, status, and owner.

• Risk Profile

   

  • The risk profile report enables the user to view the risks by the department and amalgamate them in a graphical representation on the risk matrix.

Key Features

• Systemic risk identification from any events.
• Highly configurable workflow for risk, risk assessment, and action approval.
• Visual workflow of risk or risk assessment development in different stages of development.
• Managing complicated workflow approvals based on organization policies.
• Multilevel configurable approval and rejection notification.
• Interactive and easy action follow-up with notification.
• Standard and customized risk management report is available with a click of a button.
• Fully integrated with other Odoo applications.
• High flexibility to track or search records by different criteria and dimensions.