In a report published by Deloitte,
nearly 80% of Chief Risk Officers said
they lack the quality, availability, and timeliness of data
to effectively manage the risks
facing their businesses today.
- Organizations are fraught with silos
and they waste their time relying on email,
disconnected spreadsheets, third-party survey tools,
and antiquated GRC applications
to maintain their information.
Here at AuditBoard, we've developed a simpler way.
- RiskOversight is a brand new addition
to the AuditBoard product lineup.
It's purpose-built to manage
the entirety of your risk management program,
including the identification, assessment, mitigation,
and monitoring of your risks.
And it does so in a highly integrated
visual, and intuitive way.
- RiskOversight helps you identify and maintain risks
by keeping them in a central repository,
which ensures the quality and availability of risk data,
providing the visibility that your organization needs.
Everything you need to know about a risk
is accessible and up to date,
including risk assessment results
and the controls that mitigate the risk.
- Whether you're assessing enterprise,
compliance, strategic, operational, or IT risks,
RiskOversight provides the tools
to streamline all your unique risk evaluation processes.
- Initiating assessments is as easy as a few clicks.
You can use dynamic scoring to calculate the inherent risk.
And since RiskOversight ties into a larger,
robust audit and compliance platform,
it's easy to factor in control strength
and mitigating activities to identify the residual risk.
- Leverage AuditBoard intelligence
to provide visibility into risk trends so you can measure
the effectiveness of your efforts over time.
- And with RiskOversight,
you can see your risks in full color,
allowing you to identify and visualize top risks
that help drive key business decisions and audit planning.
- Once you've identified, assessed,
and decided how to respond to risks,
the next challenge is to mitigate and monitor them.
With RiskOversight,
you can manage action plans to resolution faster
and more efficiently than any other solution on the market.
- Whether you're in a mature risk environment
or just rolling out an ERM program,
AuditBoard's RiskOversight will provide your organization
with a complete view of risks
and the tools to effectively manage them.
(fun upbeat music)