Risk Management Software?
Enterprise risk management software or what is commonly known as Risk management software is a software solution designed to enable companies to improve the risk management process. This means the identification of risks and threats, how they will impact the business and how you can reduce and manage the threat by using the risk register software tools. Many of todays ISO regulations that resolve around compliance, require a risk management process to be in place. Whilst the use of office tools such as spreadsheets seem to be a popular choice. The reality is they are ineffective because they are inefficient and impractical. They require far too much maintenance and management to have any hope of working. Risk management solutions are designed to remove this problem and give you a framework you can easily manage.
Software Company Wide Enterprise Risk management
Most risk compliance performance solutions are sold by companies selling consultancy services. The software is just a hanger for the firm to sell you training, support and their expertise. These companies often outsource the development of the software and concentrate on the aesthetics, making it look appealing, lots of nice pictures and amazing graphs. Bells and Whistles. Such solutions are often badly written, very expensive, out of date and almost impossible to embed without the you spending a lot of resources. Both in time and money. Symbiant however, is different, we are the software authors, we develop the solution based on feedback from our extensive client base, we do not charge for support, training or our expertise, our solution is very affordable, easy to use, feature rich and designed to embed very quickly.
If you need to limit, reduce or lower the risk and security lapses, which organizations are exposed to in their day to day activities and for general compliance management. If you do risk assessments and need to collect risk data even if it is for governance risk or compliance in fact any business process that requires a risk-based approach and you need to assess the business continuity, then a solution like Symbiant Enterprise solution is exactly what you need to be considering.
The software works by way of identifying potential risks of an asset, wrong decisions, security breaches etc., within the IT system and alerting an Organization on where the risk lies. Such Organization can then control the risk. They also have early warning systems to warn Organizations of impending IT breakdown which can seriously affect operations.
The type of risks that the software is designed to guard against are all issues that would affect all organisations and companies, Symbiant is flexible and customisable so you can bend it to your own requirements, whatever they may be.
The regulatory agencies in some countries (Central Banks, Deposit Insurance Corporations) make it mandatory for Bank and non-Bank Financial institutions to use software for risk management.
Basel II Accord is an International Regulation put forward by International Committee on Bank Supervision to make sure that Financial Institutions that carries Riskier Assets provide enough Capital against that risk than those with safer portfolio. It also stipulates that Financial Institutions should publish a statement of risky investment and risk management practices.
Why is Symbiant the best Software for Risk Management?
The answer to this is simple, firstly it’s affordable and comes with a totally free trial. So you can try before you buy. Secondly it has all the tools you need, even if you don’t use them yet they are their at no extra cost for when you do need them.
Symbiant’s Risk Management Software Suite
*SYMBIANT is a low cost award winning enterprise risk management software provides all the components required for a total ERM risk management solution. Ideal for ISO9001, ISO14001, ISO27001, ISO 31000 etc. Compliance it provides all the tools you need for a total risk solution. Used by some of the world’s biggest companies and financial institutions. Symbiant’s Risk Suite has everything from identification to mitigation and gives you everything you need to fully manage the risk process. The Symbiant Risk Management Software is a one of the World’s leading risk solutions. And the only risk solution to have been endorsed by the Institute of Chartered Accountants in England and Wales. It has cutting edge features and has always led the way in the risk management arena. Symbiant was the first solution to facilitate collaboration and provide tools for non risk specialists. The solution still has many unique functions which are leading the way in how companies should perform the risk management tasks.
Risk and control self assessment (RCSA)
For risk scoring to be accurate it is fundamentally important you test the controls to see if they are working. If controls are not working it means your net risk score values are misleading and incorrect. The Symbiant risk suite allows you to test and assess your risk controls on an ongoing and regular basis, this adds to the unique dynamic risk scoring incorporated in the softwares risk registers.
5 out of
5 based on
The perfect Risk Management Solution
“Having previously managed all our Corporate risks via spreadsheets we are currently migrating our risk registers onto the Symbiant Risk Management System.The capabilities of the software are allowing us to considerably enhance the level of risk maturity across the University. It is allowing us to transform the management of our organisational risks to the extent that our Risk Management Policy is now being reviewed to ensure it takes into account the potential of the new software. As a Higher Education Institute our risks are, on-the-whole, assessed and evaluated on a qualitative rather than quantitative basis – Symbiant is able to accommodate this and allows us to clearly link risks to our non-financial, academic objectives.Symbiant is also proving highly customisable to our needs with staff finding the user interface intuitive and familiar. This has considerably reduced the training and support burden as we roll it out. The extremely comprehensive reporting suite allows our schools and business units far more freedom and scope to identify and record their local risks since the large amounts of data generated can be easily and almost instantly reported upon in many ways including heat maps and colour coding. This is enabling our risk management to become far more comprehensive. Updates and improvements to the software are regular and reliable with Symbiant having introduced some minor requested enhancements within just a few days.”
- Cardiff Metropolitan University
“We use Symbiant Risk Suite to help us identify, assess and treat risks for a wide variety of business initiatives including change management, acquisitions, new product development and customer projects. Risk Suite provides us with a way to automate our risk management process, we operate globally and it is difficult to arrange meetings to suit several time zones, Risk Suite’s on-line, highly collaborative software overcomes this issue and allows us to get input from a wide range of stake holders in a very rapid and simple way. Having such wide participation in our risk workshops, in a cost effective and efficient way, has allowed us to execute our projects more successfully”
Excellent Value For Money
“We have been using Symbiants' risk software for 10 years now and have been impressed with the high level of service and the outstanding features of the software. You would struggle to find better so don't be put off by their incredibly low pricing.”
- Natures Way