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ease
features
design
support

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Description

KnowRisk® Standard is tailored for settings where a limited group of users collaborate to oversee a small to moderate-sized risk register along with assurance responsibilities. The data source is stored on each user's desktop, allowing for the operation of multiple databases tailored to various work programs, making it a perfect fit for scenarios where users are not linked to a centralized database; furthermore, they have the option to upload their data to a central location at a later stage. On the other hand, KnowRisk® Professional caters to a broader range of users, from small teams to larger groups, who concurrently manage multiple risk registers. Most users benefit from the Forms technology to access the database, which enhances their experience in risk capturing, assessment, and data analysis. This version is particularly suitable for risk management departments with fewer personnel who assign risk management duties to risk champions and other employees. Additionally, the flexibility in user access and the capability to handle extensive data sets make KnowRisk® Professional an advantageous choice for organizations aiming to streamline their risk management processes.

Description

Start by defining your objectives clearly. Next, identify the potential risks associated with those objectives. After that, assess and prioritize these risks based on their potential impact and likelihood. Evaluate them against your established risk tolerance levels to understand which ones require immediate attention. Subsequently, determine appropriate responses to each identified risk and implement those strategies effectively. Ensure that you communicate and consult with relevant stakeholders throughout this process. Continuously monitor the situation and seek opportunities for improvement over time. Once you have compiled the risks into a risk register, positioning them on a heat map becomes straightforward! Just select the risk code and drag it to the corresponding location on the heat map. The X and Y axis values will be recorded automatically for your convenience. Additionally, you can easily reposition risks within the risk heat map or matrix by simply dragging and dropping them to their new spots. The Risk Heat Map, also known as the Risk Matrix, features a streamlined design that can be utilized during board briefings or meetings of the enterprise risk management committee. This solution is built with remarkable flexibility, offering various display options to suit different needs. You can create and customize multiple heat maps, each incorporating distinct filtering criteria or visual attributes, to better align with your specific requirements. This level of customization allows for a more tailored approach to risk management that can adapt to evolving organizational needs.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

$3500 per year
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

CorProfit Systems

Website

www.corprofit.com

Vendor Details

Company Name

visualiserisk

Website

www.visualiserisk.com

Product Features

Financial Risk Management

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

Product Features

Financial Risk Management

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

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