Solutions > Enterprise Risk Management System

Risk management today is more about business performance and continuous improvement than a standalone business function. Common and consistent processes across the board are required to enable and facilitate compliance and achieving risk maturity.

Wonderware Skelta BPM's solutions framework offers a comprehensive Enterprise Risk Management (ERM) solution for Enterprises to identify, manage and mitigate risk.

Meet key risk management requirements on the Skelta BPM framework compliant with COSO, SOX and SEBI Clause 49. Adapt Skelta BPM's flexible, scalable platform to effectively manage Risks and enable Compliance across the Enterprise.

Wonderware Skelta BPM's Enterprise Risk Management solution helps organizations to:

  • Define and create links to critical Key Performance Indicators (KPIs)
  • Aggregate information and escalate to appropriate stakeholders for effective decision making
  • Gain visibility on control mechanisms and their effectiveness
  • Create synergy between departments dealing with risk information
  • Improve overall organisational visibility
  • Replicate internal controls mechanisms across different locations
  • Adhere to rigid statutory obligations

Compliance Proof your business with Wonderware Skelta BPM's ERM solution.


Key Benefits:

Corporate Compliance:

  • Configure to enable COSO and SOX compliance
  • Configure to any risk methodology native to your organization
  • Configure risks to risk owners and improve accountability
  • Centralized repository of all documents and compliance artifacts
  • Maintain clear audit trails

Visibility:

  • Enables portfolio view of risks
  • Heat maps and BAM Dashboards
  • Readily evaluate risk likelihood, impact and overall control effectiveness
  • Enables easy review of process adherence

Agility:

  • Enable self assessment of risks and controls
  • Traceability
  • Proactive risk management
  • Enable remedial procedures quickly

Key Highlights:

  • Easily configure to any risk methodology
  • Role based Business Activity Monitoring (BAM) dashboards
  • Centralized repository of all documents and evidence of compliance
  • Workflow definition for reviews and mitigation strategies
  • Audit trails for each compliance activity
  • Process design environment to manage multiple risk owners
  • Powerful integration capabilities for dynamic data update, real time process views and immediate risks assessment
  • User friendly interface for organizing risks and controls and doing away with abstract data
  • Collaborative platform for approved remedial procedures

As governmental compliance and adherence to regulatory mandates becomes an increasing concern for organizations today, using an ERM solution built on Skelta BPM's scalable and robust compliance framework allows for built in internal controls. Skelta's Business Rules approach, allows organizations to control risks, manage liabilities and ensure process transparency.