compliance management-
80%*
Improvement in risk and control framework related operational efficiency
67%*
Improvement in risk reporting visibility and efficiency for the executive management and board
15x*
Improvement in risk metrics tracking

*Source: Customer responses and GRC Journey Business Value Calculator

Compliance Management

Today’s dynamic business landscape is replete with a multitude of internal and external risks, making risk mitigation a key element in propelling business growth. Enterprises need simple and effective ways to detect, evaluate, and mitigate risks, while ensuring that risk management programs are pervasive across the organization.

The Kinverg Enterprise Risk Management App enables a structured and systematic approach towards managing organizational risks. By supporting uniform risk assessment methodologies and standards, the app provides an accurate understanding of risks across the organization and clear visibility into the top risks. Multi-dimensional risk assessments based on several qualitative and quantitative parameters can be performed to establish the organization’s risk profile. Real-time insights into risk management programs are offered through powerful analytics, advanced heat maps, reports, dashboards, and charts.

Enabling High Performers

Responsive and personalized interface designed for risk assessors and managers
Highly configurable to meet your specific risk and control assessment requirements
Mobile ready, enabling assessments anywhere, anytime
Risk insights and intelligence for better decisions
Fast, lean, ready for the future

Features

Process and Risk Repository

Identify and define business objectives, processes, products, risks, and controls, and establish and maintain relationships across these data elements. Document and manage a wide array of enterprise risks and associated details such as risk description, category, hierarchy, and ownership using a centralized library and risk framework.

Control Design and Assessments

Define controls as per industry standard frameworks like COSO and COBIT, design control test plans and assessments, and rate the operational and design effectiveness of the controls, leveraging questionnaires and surveys as required. Understand the control evaluation status, and analyze the results using interactive dashboards.

Key Metrics Monitoring

Measure and track key indicators for risks (KRIs), controls (KCIs), and performance (KPIs). Set thresholds to identify potential threats, and mitigate them in advance. Send alerts and notifications on any breach to relevant personnel for faster decision-making.

Delivering Business Value

Improve operational efficiency by reducing the cycle time and costs of risk assessments, while improving resource utilization

Deliver forward-looking risk visibility with predictive risk metrics and indicators that help anticipate and prevent adverse risk incidents

Drive agility and risk-based decision-making by providing a single view of the top risks faced by the organization across the first and second lines of defense

Build confidence with regulators and executive management by establishing a strong risk data governance and issue reporting framework with clear lines of accountability