Four features of a digital risk management ...
... that you should start to think about
01
Focus on what really matters
You and your team will have time to focus on true risk management. No more time-consuming and manual tasks like plausibility checks, manual data wrangling, and report creation. Let's automate what can be automated and focus on what truly generates value.
03
Use Excel, but do it right
'We don't use Excel because we are digital now' is said only by those who have got it wrong. MS Excel should be used, but used correctly: not as a data collection tool, and not to be sent all over the organization to collect risks. Excel means spreadsheet calculations, and a well-digitalized ERM knows how to apply it adequately.
02
Super fast simulations
Monte Carlo simulation is key in every modern enterprise risk management strategy. However, too many teams still rely on slow simulation software. Digital risk management enables 100k simulations to be run within milliseconds. Yes, milliseconds.
04
Optimal integration
Data on risks and opportunities in a digitalized enterprise risk management system are seamlessly integrated with other departments' systems and software. No data is stored twice. Thorough data governance practices are used to ensure proper authenticity and valid risk management reports.
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Enterprise Risk Management
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