Risk Management Workflow - BSI Entropy

By: Bsi Entropy  09-12-2011
Keywords: Risk Management

Overview

The Risk Management Workflow enables the identification, assessment and management of risks across your business. Sustained and proactive enterprise risk management is one of the most effective means of managing compliance, proving and improving internal control and governance and reducing the potential for shareholder loss while increasing the potential to maximize shareholder value. See also our section on Governance, Control, and Risk Management.

Key Benefits

  • Provide consistency and comparability of all risk assessments across your business
  • Improve risk responses with real time and enterprise-wide risk information¬†
  • Reduce the cost and improve the efficiency of your risk management efforts
  • Improve the effectiveness of your risk response and corrective and preventative action programs
  • Increase the effectiveness of your decision-making, capital and resource allocations with up-to-date and enterprise-wide information on all material risks
  • Avoid counter productive and costly risk response programs with an enterprise-wide view of all material risks
  • Reduce the cost of premiums, fines, penalties, and loss with accurate and instant risk management information¬†
  • Prove and improve enterprise-wide internal control

Keywords: Risk Management

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