DIGITIZING RISK MANAGEMENT FOR ETHICS AND COMPLIANCE USING SERVICENOW
An effective IRM program is the key to a long-term success for any business by helping organizations steer clear of risks and making smarter business decisions. We have solved a similar business issue for a Global Nutrition Giant which operates in more than 90 countries across the world. Our Key activities for Risk Management were:
- To determine what level of risk the organization is willing to accept? Get risk data in place and then determine what is acceptable.
- To develop a risk management policy, through risk frameworks and risk statements.
- To develop risk assessment and response procedures.
- To implement controls to reduce your organization’s exposure to risk. Repeat on a regular interval.
- To measure the risk exposure and improvements.
SCOPE OF THE PROJECT
Risk Process Workflow
Qualitative Risk Assessments
This is risk assessment which was generated in the assess state to the respondent and so on, like respondent, ECO, VP, CCO. Based on the assessment choices risk score were generated.
The following Solutions were suggested to the client:
VALUE REALIZATION (SAMPLE DATA)
TIME EFFICIENT, SEAMLESS & CONSOLIDATED
VISIBILITY INTO ENTERPRISE- WIDE RISKS
POWERFUL, SIZE- SENSIBLE
DIGITAL WORKFLOW FOR RISK HANDLING