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Description

Develop a thorough approach to operational risk that not only evaluates such risks but also establishes a groundwork for minimizing them while simultaneously cutting expenses. This operational risk management system should be developed on a comprehensive enterprise-wide platform that encompasses organizational, process, and data management capabilities. Organizations are increasingly recognizing that a robust operational risk solution must extend beyond merely conducting risk assessment surveys, maintaining loss event databases, and calculating operational risk capital. Since operational risk permeates all areas and processes—ranging from human resources to front office operations, accounting, financial control, and settlements—there is a pressing need for a strategic, enterprise-wide perspective and a system that effectively measures and oversees operational risk. The topmost layer of this framework is reinforced by several critical underlying elements that play an indispensable role in mitigating risks associated with processes, thereby ensuring a more resilient operational environment. Additionally, integrating these components facilitates more informed decision-making and enhances overall risk management capabilities.

Description

We firmly believe that taking risks is essential for achieving ambitions. A well-developed process, advanced technology, and a workforce that is mindful of risks cultivate trust within an organization. NARIS-GRC® NEXT empowers every individual to become a risk manager. By utilizing the most human-centric, intelligent, and data-driven Governance, Risk, and Compliance platform, countless professionals engage in risk-taking with assurance every day. This platform facilitates the integration of risk and process management while providing a comprehensive overview to aid in risk-based decision-making. It enables users to pinpoint and tackle key risks while tracking recommendations effectively. Furthermore, it allows for the construction or importation of a risk controls framework that aligns with existing legislation and regulations, ensuring consistent monitoring. Organizations can enhance quality and safety by learning from previous errors or close calls. Additionally, it consolidates contract and insurance data into a single, accessible overview. Connecting risk to strategy and performance is essential, as emphasized by COSO. Our risk strategy map transforms lengthy policy documents and risk profiles into a clear visual representation, serving as a foundational element for effective risk management. Ultimately, this approach fosters a culture of continuous improvement and proactive risk management throughout the organization.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App Yes 
iPad App Yes 
Android App Yes 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Centerprise Services

Website

www.centerprise.com/gov_risk_comp.html

Vendor Details

Company Name

Naris

Founded

2001

Country

Netherlands

Website

www.naris.com

Product Features

Financial Risk Management

Compliance Management Yes 
Credit Risk Management No 
For Hedge Funds Yes 
Liquidity Analysis No 
Loan Portfolio Management No 
Market Risk Management No 
Operational Risk Management Yes 
Portfolio Management No 
Portfolio Modeling No 
Risk Analytics Benchmarks Yes 
Stress Tests No 
Value At Risk Calculation No 

Product Features

Financial Risk Management

Compliance Management Yes 
Credit Risk Management Yes 
For Hedge Funds Yes 
Liquidity Analysis No 
Loan Portfolio Management No 
Market Risk Management No 
Operational Risk Management Yes 
Portfolio Management Yes 
Portfolio Modeling Yes 
Risk Analytics Benchmarks Yes 
Stress Tests Yes 
Value At Risk Calculation Yes 

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