A Fully Customizable
Risk Management Platform

When selecting integrated risk management software, it is important to consider who will be using the platform and what information they need to get from it and in what format.

When scoping out requirements for the best risk management software you must consider:

• What risk related regulations must you ERM program comply with?
• How will you categorize and rate risk?
• Can the risk software platform be configured to meet any bespoke requirements?
• Can the integrated risk management platform scale and grow as your organization expands?
• What data security measures does the risk management solution offer?
• Does the risk reporting platform easily integrate with your other systems and data sources via API Integrations?

The benefits of risk management using a GRC tool include:

• Reduction in time spent on risk management reporting and administrative tasks.
• Risk management platforms provide a holistic view of risk across the entire enterprise.
• Risk management software enables the entire organization to feed into the risk management program as part of daily operations – producing comprehensive risk data to guide decision-making.
• Risk management platforms generate better visibility of risk levels and control effectiveness.
• Risk reporting tools offer a reduction in risk monitoring costs. 

• Choose a risk management tool that is highly configurable – eliminating costly professional services fees.
• Choose risk management software with unlimited risk registers, categories, and types.
• Select a risk reporting tool that offers live dashboards and instant reports that can be configured to suit your risk reporting requirements.
• Opt for a risk software platform that integrates with your other systems to ensure a single source of truth for your risk data.
• Look for a reliable risk management tool that offers other GRC functionality like compliance, governance, and incident reporting – it is much easier to manage these functions in the same risk management tool and integrate the data for enhanced reporting.

• Poor quality risk management data due to a lack of data governance.
• Transferring risk data between forms & spreadsheets creates data errors.
• Siloed risk data in separate spreadsheets results in poor reporting outputs and inconsistent risk frameworks.
• A lack of automation slows down the risk escalation and risk remediation process.
• The lack of integration makes it difficult to link risks to the relevant internal controls.
• Firms are unable to rate and compare risks across different sites and regions due to siloed data and inconsistent risk frameworks. 

Find out how you could save on the cost and hours spent on managing risks with the help of a risk management platform from Camms. Simply complete a few simple stats about how you currently manage risk in your organization and our ROI calculator will provide high level estimates on the potential time and effort you could save.

Access our Risk Management Platform ROI Calculator