Integrated Risk Management Tool
Understand how the latest integrated risk management tools can help your business seamlessly streamline and automate its risk management processes.
Industry rated
Intuitive user experience
Speedy deployment
Our integrated risk management services are designed to be rapidly deployed and configured to meet any individual requirements of organisations both large and small.
Generate risk intelligence to support decision-making
- Identify
- Monitor
- Report
- Control
Build an online risk register in the integrated risk management (IRM) software and categorize and rate risk according to your preferred risk framework.
By implementing an integrated risk management platform, teams can easily identify when Key Risk Indicators (KRIs) are reaching an intolerable level and implement necessary changes.
With our IRM application your team can run a variety of risk reports including interactive dashboards, heat maps, and bow-tie visualizations.
The Camms IRM tool is equipped to enable teams to set internal controls and carry out control testing to control risk levels.
How does an integrated risk management tool work?
Build a risk register
Create an online risk register within the Camms integrated risk management solution to easily rate and segment risks according to their criticality and type. Our integrated risk management platform offers elevated functionality in comparison to other IRM software vendors.
Teams can easily create infinite risk registers, types, and categories and utiilize our risk management tool to carry out online risk assessments that feed into their risk library.
Monitor risk & agree on a risk appetite
Our integrated risk management application supports organisations to easily set Key Risk Indicators (KRIs) and define their risk appetite – automated alerts ensure risk levels remain within the desired guidelines.
Build a comprehensive control library
With the Camms integrated risk management tool, organizations can leverage a compliance management framework to manage risks and controls in line with COSO, ISO 31000, and SOX requirements.
Our operational risk management tool allows teams to map risk to relevant controls to understand risk exposure.
Implement risk treatment plans
Camms integrated risk management software solutions offer templates to easily build detailed risk treatment plans. Our workflow automation notifies relevant risk owners and facilitates a step-by-step process to address, respond to, and mitigate risk.
Evaluate risk
With our best in class integrated risk management platform teams can access insights into their risk profile via a series of dashboards & reports – personalized to each individual user.
Comprehensive dashboards & reports offer the Board and executives insight into enterprise risk management levels and current risk exposure.
Manage Incidents through to resolution
Leverage our integrated risk management solution for best-practice incident reporting functionality. Easily capture, escalate, and control incidents at a fast pace. The platform enables risks to be linked to related incidents to identify root-causes.
Why choose an Operational Risk Management Tool
from Camms?
Modern user interface
Our leading integrated GRC software features a modern, intuitive user interface – designed to enable staff to effortlessly carry out risk related tasks online.
Data security & privacy
Our solution for integrated risk management provides security assurance and is SOC Type 1&2, ISO 27001, and Cyber Essentials certified. The Camms risk management API integration platform offers role-based audit trails, encryption, and access controls to ensure data privacy and compliance with regulatory requirements.
API integrations
Our risk management API integration platform provides important mapping and flow of data between third-party systems and data sources with a comprehensive API integration library. This enables teams to pull in risk data from other spreadsheets and data sources directly into the tool – ensuring a single source of truth for risk data.
Discover more about the Camms
Integrated Risk Management Tool
Resources relating to Integrated Risk Management Tools
The latest and most relevant pieces of integrated risk management platform content to keep you in the loop.
A Simple Guide to Choosing the Right Risk Management Software
This blog will discuss must-have features in risk management software and support you to choose the right platform for your organization.
8 Surefire Ways to Improve Your Risk Management Programme
This whitepaper highlights the importance of adequate risk reporting to guide decision-making, identify risk exposure, and uncover control inefficiencies and explains how to get a complete view of risk across your organisation.
From Excel to Excellence: Turning Your Risk Data into Insights & Decisions
In this eBook, we explore why spreadsheets are outdated for risk management and help you to identify if your business is ready to swap spreadsheets for an automated GRC solution. Plus, we detail the top 10 reasons to switch from spreadsheets to software.
Frequently asked questions about
Integrated Risk Management Tools
Integrated Risk Management (IRM) is a comprehensive approach that organisations use to identify, assess, prioritise, and manage risks across all aspects of their operations. It involves integrating risk management processes and techniques into various functions and levels of an organisation to create a unified risk management process.
An integrated risk management tool is software designed to facilitate the implementation of IRM process by providing a centralised platform for all employees to feed into the risk management programme and carry out risk related tasks and actions – creating invaluable insights for risk teams and the board.
When selecting an integrated risk management software vendor, firms must think about which staff and teams will be using the tool and what data outputs they need to extract.
When scoping out requirements for integrated risk management solutions firms must consider:
- Are there any risk related regulations that you must comply with that will affect how you structure your integrated risk management programme?
- Which IRM framework will you use to rate and categorise risk.
- Can the integrated risk management tool be customized to meet any bespoke company requirements?
- Can the integrated risk management tool offer further functionality to grow with you as your organisation expands?
- What information security and data protection measures protection does the integrated risk management tool have?
- Does the integrated risk management platform link to your other systems and data sources via API Integrations to ensure a single source of truth for risk data?
- Who needs to access the integrated risk management application and what data will they input and what data do they need to view and report on from the tool?
The benefits of utilizing an integrated risk management platform include:
- Less time spent on risk management reporting and administrative tasks and more time spent on risk mitigation and corrective actions.
- Integrated risk management software provides a holistic view of risk across the whole organisation.
- Integrated risk management tools enable the entire enterprise to feed into the risk management process as part of everyday operations – creating comprehensive risk data to support data-backed decision-making.
- Integrated risk management platforms generate better visibility of an organisations risk profile – providing an consolidated view of exposure.
- Using integrated risk management services results in a reduction in risk monitoring and reporting costs.
- Integrated risk management platforms enhance an organisations risk management approach, by enabling companies to link risk management to strategic objectives and enterprise performance.
- Integrated risk management tools drive a risk aware culture as all employees can interact with the risk management program as part of their daily role though simple tasks like risk assessments, questionnaires, surveys, and checks. This data provides a complete picture of risk exposure for leadership teams.
- Firms can align their risk management strategy with their organisational strategy to enable them to take risks that will help to achieve their strategic goals.
- Choose an integrated risk management tool that is easily configurable in-house as it will eliminate expensive external configuration costs from the vendor.
- Choose integrated risk management software with endless risk registers, types, and categories for an effective integrated risk management approach.
- Select an integrated risk management reporting tool that offers instant reports and live dashboards that can be customised to suit any internal bespoke requirements.
- Select a risk management software solution that integrates with your other systems via APIs to ensure a single source of truth for your risk data for an effective IRM approach.
- Look for reliable integrated risk management tools that offers other GRC functionality like governance, compliance, incident reporting, and ESG – it is more efficient to manage these functions in the same risk management tool and integrate the data for enhanced reporting.
- Look for an integrated risk management tool that offers third party risk management and vendor risk management enabling suppliers to carry out vendor risk assessments online via an external portal. Internal risk teams can build vendor profiles and score carding and formalise the onboarding and offboarding process.
- Select an integrated risk management platform that offers cyber risk management and cybersecurity incident reporting to capture the digital aspects of risk management.
- Choose an IRM tool from a top integrated risk management vendor that has great customer reviews and is highly rated by Forrester analysts.
- The best integrated risk management tools are cloud-based SaaS platforms that can be accessed online. This ensures clients always get access to new releases and features introduced by the GRC platform vendor.
- Poor quality risk management data housed in spreadsheets due to a lack of data governance rules.
- Managing risk data across various forms, spreadsheets, emails and databases leads to inaccuracies and data entry errors.
- Those who don’t use a risk management system end up with disparate IRM data located in multiple spreadsheets – creating siloed risk data, and an inconsistent risk framework that results in inaccurate risk reporting outputs.
- Relying on manual, unautomated processes slows down the risk escalation and risk remediation process.
- A lack of integration between data sources makes it difficult to link risks to the most relevant controls in the control library.
- When organisations don’t use a top risk management tool, they are unable to compare risk across different sites, departments, and countries due to disparate data and inconsistent risk frameworks.
- If firms are not using a SaaS web risk management tool, the platform won’t receive regular patch updates and releases from the GRC software vendor, meaning the platform could become outdated or lack the latest functionality.
Access our online calculator tool to find out how much you could save in terms of cost and hours spent on managing risks if you were to move to an integrated risk management platform. Simply complete the relevant details about how you currently manage risk in your organisation and our ROI calculator will provide high level estimates on the potential time and money you could save by implementing an integrated risk management tool.
Access our Integrated Risk Management Software ROI Calculator
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