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.

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.

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 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.