A Fully Customisable
Risk Management Platform

A risk management platform is a product designed to help companies identify, assess, monitor, track, and mitigate operational and regulatory risks across various areas of their operations.

• When selecting integrated risk management software, it is important to consider who will be using the tool 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 your ERM program comply with?
• How will you categorise and rate risk?
• Can it be configured to meet any bespoke requirements?
• Can it be scaled as your organisation expands?
• What data security measures does the risk management solution offer?
• Does it easily merge with your 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.
• A holistic view of risk across the entire enterprise.
• The ability to feed into the risk management program as part of daily operations – producing comprehensive data to guide decision-making.
• Better visibility of risk levels and control effectiveness.
• A reduction in risk monitoring costs.

• Highly customisable to eliminate costly professional services fees.
• Unlimited risk registers, categories, and types.
• Live dashboards and instant reports that can be configured to suit your risk reporting requirements.
• Ability to merge with your other systems to ensure a single source of truth for your data.
• GRC functionality like compliance, governance, and incident reporting – it is much easier to manage these functions in the same risk management tool and consolidate the data for enhanced reporting.

It’s hard not to find a sector that wouldn’t benefit from a risk management tool, but where mitigating risk is crucial for maintaining a standard of operations, ensuring regulatory compliance, and safeguarding assets, these sectors will benefit from this software: aerospace and defence, financial services, government, healthcare, legal, manufacturing and construction, pharmaceuticals, and telecommunications, etc. 

• Poor quality risk management data due to a lack of data governance.
• Transferring risk data between forms and 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, resulting in a lack of efficiency.
• The lack of consolidation 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.

Camms software offers key capabilities that companies need to simplify their risk management framework, including:

• Risk identification and analysis.
• Monitoring, tracking, and reporting.
• Incident management.
• Risk treatment.
• Compliance with global standards like ISO 31000, COSO, and SOX.
• Mobile access.
• User-friendly system.
• Data security.

Find out how you could save on the cost and hours spent on managing risks with the help of a risk management application from Camms. Simply complete a few simple stats about how you currently manage risk in your organisation 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