Certus™ Risk

Certus Risk pulls together risk and compliance requirements into a single risk framework -- and drives user participation -- to deliver tangible business performance benefits
Enterprise Risk Management (ERM)

Certus Risk delivers a true ERM capability for any organization. Supporting multiple languages and currencies, it includes all the necessary features to manage not only all the operational risks of the business, but all the other risk areas, too, including those that might be managed by other risk management systems.

Typically, in most companies today, risks are managed in silos. Also, there is usually little or no visibility between each risk, and certainly no perspective of common controls or mitigation strategy, no link between these and corporate objectives, and, therefore, no ability to determine the overall risk that a business faces.

By allocating clear responsibility and accountability to risk "owners," all aspects of risk in the business can be defined, measured, and reported, even where those risks are actually managed by other systems. This provides a comparative perspective of risks across the enterprise otherwise unavailable using disparate systems.

Certus Risk provides:

  • Clear lines of accountability and responsibility are applied throughout the organization, such that the amount of risk threatening any part of the business can be reported up to senior management for immediate attention.
  • Operational risks themselves are managed within Certus Risk -- plus, the product acts as an executive dashboard for visibility of all risks to the business, in context.
  • Strategic Objectives are set and linked to risks and Key Performance Indicator (KPI) information that is harnessed to monitor Business Performance.
  • Risks are monitored against Business Processes or Functions as well as within organizational operating units.
  • Analysis of risk and performance is by hierarchical views...against business unit action plans...and by common processes.
  • Tangible evidence of good governance practices by a company's executives and senior officers is identified and documented.

With Certus Risk, business managers will be able to make more informed decisions based on a broader perspective on risks across the enterprise through graphical mapping, allowing many hundreds of risks to be shown in a single view, showing size, status and hierarchy. Simple drill-down capabilities allow immediate investigation of underlying risk data at any level in the hierarchy, revealing accountability, control, action and loss data, reporting trend analysis and much more -- all from a single screen.

Certus Risk Features
Certus Risk represents the latest thinking and overall best practices for corporate risk management. It combines the thought leadership of seasoned practitioners with proven enterprise application development skills. This provides a powerful and unique proposition that will bring substantial and sustainable business benefits to our clients and partners. Certus Risk offers a number of important features that, when taken together, ensure that both risk owners and risk professionals alike will adopt it with enthusiasm.

Risk Management and Control Self Assessment
Intuitive graphical input screens for busy professionals
Clear lines of accountability and responsibility
Clear ownership of risks, controls, actions, losses and KPIs
Flexible reporting regimes prompted by alerts and notifications via email
Quantitative and qualitative risk scoring
Multi-dimensional definitions related to risk information
Hierarchical frameworks describing risks, business entities, objectives/goals, risk, loss and KPI categories, business processes, and functions
Management Dashboard
Immediate visibility of key risks and their current status through graphical mapping
Interactive, graphical "drill-down" through the information to see underlying data in graphical panels
Clear visibility of ownership
Many hundreds of risks can be visualised in a single graphical view
Heat Maps showing aggregated concentrations of risk exposure
Multiple graphical "slice-and- dice" views of data
Performance Management
Strategic objectives/goals defined for all business entities
All risks threaten one or more objectives
Clear reporting of all risks threatening achievement of objectives
KPI reporting and performance metrics
Action monitoring and management
Simple management tools to assist in review meetings with subordinates
Loss Event and Incidents
Track incidents of actual loss, near-miss losses and external losses (in similar organizations)
Categorize losses (such as Basel loss categories)
Link losses to risks and controls (that may have broken down)
Show loss information on risk forms and risk maps
Comprehensive Audit Trails
Easy interface to full audit trail information of every interaction with the system Includes all creates, reads, updates and deletes
Full details of who made changes, when changes were made, as well as pre-change and post-change information
Reports can interrogate the audit trail to produce trend information
Comprehensive Reporting
All reporting capability honors the security access control on data
Simple one-click export of data to PDF, Excel and Word format
30+ canned physical reports
Self customisable "View Builder" to support additional reporting requirements
Custom reports section

An embedded enterprise-wide risk framework will bring tangible benefits to any business, including:

  • Higher share price over the long term
  • Improved S&P rating for ERM
  • Better use and re-direction of insurance (and reduction of premiums)
  • Increased opportunities to achieve corporate objectives
  • Higher success rate on change projects
  • Lower cost of capital
  • Less business interruption
  • Avoidance of regulatory penalties