What do we really need to protect a business from risk?
The COVID-19 pandemic has put risk management in a spotlight. Looking at leading risk indicators, incidences and reproduction figures have become commonplace among the general population.
Even though the success of the selected risk strategies can only be assessed in a few years, it has already become clear that risk management must take a holistic approach.
To effectively manage risk, companies need to be able to not only monitor risks but also respond.
To learn more, visit: https://bit.ly/3ypENF0
Infographic - Critical Capabilities of a Good Risk Management SolutionCorporater
Organizations seeking a risk management solution may have trouble identifying a collaborative integrated platform that fits their needs. A good Risk Management Solution will scope potential risks and assess its impact on the enterprise goals and objectives. Here are the critical capabilities of a good risk management solution.
To learn more, visit: https://bit.ly/3vQ4DjC
Infographic - Critical Capabilities of a Good Risk Management SolutionCorporater
Organizations seeking a risk management solution may have trouble identifying a collaborative integrated platform that fits their needs. A good Risk Management Solution will scope potential risks and assess its impact on the enterprise goals and objectives. Here are the critical capabilities of a good risk management solution.
To learn more, visit: https://bit.ly/3vQ4DjC
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
For full text article go to : http://www.educorporatebridge.com/risk-management/risk-management-process/ This article on Risk Management Process outlines the important steps involved in this process and explains them in detail.
Risk Management Process Steps PowerPoint Presentation Slides SlideTeam
It covers all the important concepts and has relevant templates which cater to your business needs. This complete deck has PPT slides on Risk Management Process Steps PowerPoint Presentation Slides with well suited graphics and subject driven content. This deck consists of total of fifty four slides. All templates are completely editable for your convenience. You can change the colour, text and font size of these slides. You can add or delete the content as per your requirement. Get access to this professionally designed complete deck presentation by clicking the download button below.
Risk Management Software - An essential guide on why enterprise risk needs to be identified, monitored and managed.
Download the Risk Management PPT to understand:
1. What is risk?
2. How to manage risk?
3. Why you should automate the risk management process using a software?
4. What do you get by integrating risk management to business performance management?
You can also learn the key functions of a Risk Management Software and the benefits you gain from adopting a risk management software into your organization. Also, learn about the Corporater Risk Management Software. The PPT also contains demo screenshots of a sample risk profile.
Business Process Managers are faced with two different tasks: Improve organizational performance by streamlining and automating workfl ows while ensuring compliance with regulatory and audit requirements. Both tasks involve the notion of process risk, and introduce a series of questions: Does the risk exposure of a
given process match the risk appetite of the enterprise? Are there better ways to mitigate certain risk factors by redesigning our processes? And how can we measure the level of compliance during the execution of a given process? Contemporary process modeling languages offer little help in identifying and mapping process risk. This session addresses a multiperspective approach to capturing and understanding process risk,
and illustrates ways to use this newfound information to create innovative process designs that address risk factors in a cost effective way.
In this presentation, Joe and Brian contrast traditional risk assessment with some emerging techniques that use internal and market risk event (incident) data to drive a more accurate risk model.
Presentation by:
Joe Crampton, VP – Applications, Resolver Inc.
Brian Link, CIA, VP – GRC Strategy & Partnerships, Resolver Inc.
Risk Management Lifecycle Process PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Risk Management Lifecycle Process Powerpoint Presentation Slides. This deck consists of total of fiftyeight slides. It has PPT slides highlighting important topics of Risk Management Lifecycle Process Powerpoint Presentation Slides. This deck comprises of amazing visuals with thoroughly researched content. Each template is well crafted and designed by our PowerPoint experts. Our designers have included all the necessary PowerPoint layouts in this deck. From icons to graphs, this PPT deck has it all. The best part is that these templates are easily customizable. Just click the DOWNLOAD button shown below. Edit the colour, text, font size, add or delete the content as per the requirement. Download this deck now and engage your audience with this ready made presentation.
Explore the vision of one the key features of Resolver’s Core platform from a product perspective. You’ll get an inside look into the Assessments feature and the value it brings when evaluating the nature, quality and status of your business’ ability to Plan, Prepare, Respond, and Recover. The foundations are in place and currently enables point-in-time or continuous evaluations of data (delivered with the Release of v1.2).
Presentation by: Brad Filion, Senior Product Manager, Resolver Inc.
Time Inc., the publisher of iconic magazines and related web platforms such as Time, Fortune, People, Sports Illustrated, and many others, spun out of Time Warner Inc. in 2014 to become a stand-alone publicly traded company. As part of that spin, Time Inc. established its own Internal Audit and Enterprise Risk Management (ERM) functions. This presentation covers first-hand information on the efforts, challenges, successes and pitfalls of Time Inc.’s ERM journey. You will take away valuable information including tools and templates that you can put to use in your own organization.
Presentation by: Russ Charlton, SVP – Internal Audit and Enterprise Risk Management, Time Inc.
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
This presentation provides a comprehensive plan for implementing an enterprise risk management program. It covers the costs/benefits of an ERM program, the critical knowledge, skills and abilities of a Chief Risk Officer, a risk taxonomy for insurance firms, a hypothetical organizational structure for an electric utility, a sample risk register, and other useful information.
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
For full text article go to : http://www.educorporatebridge.com/risk-management/risk-management-process/ This article on Risk Management Process outlines the important steps involved in this process and explains them in detail.
Risk Management Process Steps PowerPoint Presentation Slides SlideTeam
It covers all the important concepts and has relevant templates which cater to your business needs. This complete deck has PPT slides on Risk Management Process Steps PowerPoint Presentation Slides with well suited graphics and subject driven content. This deck consists of total of fifty four slides. All templates are completely editable for your convenience. You can change the colour, text and font size of these slides. You can add or delete the content as per your requirement. Get access to this professionally designed complete deck presentation by clicking the download button below.
Risk Management Software - An essential guide on why enterprise risk needs to be identified, monitored and managed.
Download the Risk Management PPT to understand:
1. What is risk?
2. How to manage risk?
3. Why you should automate the risk management process using a software?
4. What do you get by integrating risk management to business performance management?
You can also learn the key functions of a Risk Management Software and the benefits you gain from adopting a risk management software into your organization. Also, learn about the Corporater Risk Management Software. The PPT also contains demo screenshots of a sample risk profile.
Business Process Managers are faced with two different tasks: Improve organizational performance by streamlining and automating workfl ows while ensuring compliance with regulatory and audit requirements. Both tasks involve the notion of process risk, and introduce a series of questions: Does the risk exposure of a
given process match the risk appetite of the enterprise? Are there better ways to mitigate certain risk factors by redesigning our processes? And how can we measure the level of compliance during the execution of a given process? Contemporary process modeling languages offer little help in identifying and mapping process risk. This session addresses a multiperspective approach to capturing and understanding process risk,
and illustrates ways to use this newfound information to create innovative process designs that address risk factors in a cost effective way.
In this presentation, Joe and Brian contrast traditional risk assessment with some emerging techniques that use internal and market risk event (incident) data to drive a more accurate risk model.
Presentation by:
Joe Crampton, VP – Applications, Resolver Inc.
Brian Link, CIA, VP – GRC Strategy & Partnerships, Resolver Inc.
Risk Management Lifecycle Process PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Risk Management Lifecycle Process Powerpoint Presentation Slides. This deck consists of total of fiftyeight slides. It has PPT slides highlighting important topics of Risk Management Lifecycle Process Powerpoint Presentation Slides. This deck comprises of amazing visuals with thoroughly researched content. Each template is well crafted and designed by our PowerPoint experts. Our designers have included all the necessary PowerPoint layouts in this deck. From icons to graphs, this PPT deck has it all. The best part is that these templates are easily customizable. Just click the DOWNLOAD button shown below. Edit the colour, text, font size, add or delete the content as per the requirement. Download this deck now and engage your audience with this ready made presentation.
Explore the vision of one the key features of Resolver’s Core platform from a product perspective. You’ll get an inside look into the Assessments feature and the value it brings when evaluating the nature, quality and status of your business’ ability to Plan, Prepare, Respond, and Recover. The foundations are in place and currently enables point-in-time or continuous evaluations of data (delivered with the Release of v1.2).
Presentation by: Brad Filion, Senior Product Manager, Resolver Inc.
Time Inc., the publisher of iconic magazines and related web platforms such as Time, Fortune, People, Sports Illustrated, and many others, spun out of Time Warner Inc. in 2014 to become a stand-alone publicly traded company. As part of that spin, Time Inc. established its own Internal Audit and Enterprise Risk Management (ERM) functions. This presentation covers first-hand information on the efforts, challenges, successes and pitfalls of Time Inc.’s ERM journey. You will take away valuable information including tools and templates that you can put to use in your own organization.
Presentation by: Russ Charlton, SVP – Internal Audit and Enterprise Risk Management, Time Inc.
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
This presentation provides a comprehensive plan for implementing an enterprise risk management program. It covers the costs/benefits of an ERM program, the critical knowledge, skills and abilities of a Chief Risk Officer, a risk taxonomy for insurance firms, a hypothetical organizational structure for an electric utility, a sample risk register, and other useful information.
Abstract: Risk management is an activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources. Some traditional risk managements are focused on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, death). Financial risk management, on the other hand, focuses on risks that can be managed using traded financial instruments. Objective of risk management is to reduce different risks related to a pre-selected domain to an acceptable. It may refer to numerous types of threats caused by environment, technology, humans, organizations and politics. The paper describes the different steps in the risk management process which methods are used in the different steps, and provides some examples for risk and safety management.
Enhancing Existing Risk Management in National Statistical Institutes by Usin...Светла Иванова
7. Effective Risk management is fundamentally about appropriate decision making. We all make decisions every single day; some decisions will create threats or opportunities whilst some will mitigate threats. Risk management helps us take decisions which are appropriate to the level of risk we are willing to take.
http://www1.unece.org/stat/platform/display/hlgbas/2016+Workshop+on+the+Modernisation+of+Official+Statistics
Enterprise risk management has become a vital component to cyber security, logistics management, asset management and supply chain management. As organizations continue to rely on data to drive workforce automation, Industrial IoT and process automation, it is becoming necessary to analyze data to discover risk before it occurs and implement effective remediation practices and processes. Seminar participants will collaborate and explore the emerging new use cases for enterprise risk management that addresses the need to better understand how to leverage critical data to predict and understand how data analytics can support risk management and mitigation in an increasingly data-dependent workforce environment.
During this seminar, participants will:
a. Explore new innovations in enterprise risk management that will provide new career opportunities for STEM professionals
b. Examine the skills and experiences necessary to take advantage of risk management career opportunities
c. Discern the applicable areas for enterprise risk management
d. Determine the importance of addressing enterprise risk management in all digital transformation initiatives
e. Identify the market growth and consulting opportunities in enterprise risk management
Dr haluk f gursel fraud examination rises to distinction article grcj 2010 1_v3_Haluk Ferden Gursel
Global firms are recognizing that the
anti-fraud profession is an important
component of risk measurement and
avoidance. The analysis below
illustrates how recent risk-based
management control systems are
hastening the development of
specialized anti-fraud agents. It is
evident that the increased public
appetite for transparency and enhanced
accountability has also spurred rapid
developments in the anti-fraud
discipline.
CHAPTER 34Turning Crisis into OpportunityBuilding an ERM.docxketurahhazelhurst
CHAPTER 34
Turning Crisis into Opportunity
Building an ERM Program at General Motors
MARC S. ROBINSON
Assistant Director, Enterprise Risk Management, GM
LISA M. SMITH
Assistant Director, Enterprise Risk Management, GM
BRIAN D. THELEN
General Auditor, GM
This case study chronicles the ground-up implementation of enterprise riskmanagement (ERM) at General Motors Company (GM), starting in 2010through the first four years of implementation. Discussion topics include
lessons learned during implementation and some of the unique approaches, tools,
and techniques that GM has employed. Examples of senior management reporting
are also included.
I think risk management is an element of all good executive management teams
and boards. It will ensure viability in downturns and high-risk periods. I think if
that is done not only within the automotive industry, but on a global and specif-
ically on a national scale, economies will be in better shape because it is additive.
If everybody is doing their job in assessing and understanding risk, the ultimate
outcome will be much more positive for our national economy and society, and it
is incumbent that corporate leadership understands that responsibility.
—Daniel F. Akerson, Chairman and Chief Executive Officer,
General Motors, October 2012
BACKGROUND AND IMPLEMENTATION
The enterprise risk management (ERM) program at General Motors was founded
in late 2010 at the direction of GM’s then newly appointed chief executive officer
(CEO), Daniel F. Akerson, who sought to leverage the program as another means to
achieve a competitive advantage in the industry. Having gone through bankruptcy
in 2009 as a new board member, Akerson felt that a more robust risk management
program would help guide the organization around the drivers of killer risks1
going forward. His goal was to help the company ensure that it was prepared,
607
www.it-ebooks.info
608 Implementing Enterprise Risk Management
agile, and fast to respond in an ever-changing world. Perhaps most importantly,
Akerson wanted an ERM program that would focus not only on risks but on oppor-
tunities as well.
A chief risk officer (CRO) was selected and appointed from within, and the
Finance and Risk Policy Committee of the board of directors was chartered to over-
see risk management as well as financial strategies and policies. In support of the
program, a senior manager and director joined the team. Risk officers were also
identified and aligned to all direct reports of the CEO; this helped to ensure that
all aspects of the business were covered. The CEO is the ultimate chief risk officer,
and his direct reports are the ultimate risk owners. Members of the risk officer team
were carefully selected by senior leadership based on their strong business expe-
rience, financial acumen, and most of all their ability to lead in the identification
and discussion of risk in an objective and transparent manner. These representa-
tives were expected to actively p ...
Introduction to Risk ManagementMana.6330OverviewTatianaMajor22
Introduction to Risk Management
Mana.6330
Overview
Risk Management is the continuing process to identify, analyze, evaluate, and treating loss exposures and monitoring risk control and financial resources to mitigate the adverse effects of loss.
Enterprise Risk Management, expands the province of risk management to define risk as anything that can prevent the company from achieving its objectives.
Risk Management OverviewOperationalReputationalBusinessCyber
Corporate Risk can be defined in four categories.
The four basic types of risk management to consider:
Risk Avoidance
Risk Reduction
Risk Transfer
Risk Retention
Risk Items that can produce CRISIS
Economic: Events or situations like strikes, market crashes, and labor shortages.
Informational: Loss of important information (organizational records, public and confidential records), theft through phishing attacks, social engineering, leaking of sensitive data.
Physical: Comprised major equipment, loss of suppliers disruption in key operations.
Human Resources: Loss of key team members, vandalism, and/or workplace violence.
Reputational: Rumors/gossip hurt the reputation of the organization.
Psychopathic: Terrorism, kidnapping, tampering with products.
Natural Disasters: Tornadoes, earthquakes, fire, flash floods, disease outbreaks, etc.
CRISIS is the final step of Risk, taking no action for risk mitigation
The Stages of Crisis Management
Stages of Crisis Management
Pre-Crisis
Crisis Response
Post-Crisis
Prevention and preparation, i.e., reducing the known risks that can lead to crisis.
When management must respond to a crisis.
The post-mortem phase is when companies look for ways to better improve preparations for the next crisis as well as fulfill commitments made during crisis response.
Risk
“…risk has always been with us.”
Thomas Aquinas
Risk: “…the possibility that events will occur and effect the achievement of objectives.”1
This the typical definition which should alert the reader to the fact that both qualitative and quantitative probabilities are required in the recognition of risk.
1 COSO 2017
Risk Fundamentals
Perception of risk is subjective.
Risk approach is driven by a tendency to look backwards.
Observation is the key to “risk”.
“Cause and Effect” which is the most common approach.
Thought must be expanded to “Cause – Event – Effect (or the Consequence)”
Example of Cause and EffectYearCauseEventEffect2001Rise of Islamic fundamentalism; failure of intelligence; inadequate air defense systems; lax of airport securityWorld Trae Centre (9/11) terrorist attack3,000+ deaths in the WTC; second Iraq war; global security crackdown.2010Defective cement on the well; cost-cutting decisions; inadequate safety systems; inadequate industry practices and government policiesBP Deepwater Horizon, Macondo wellTotal discharge at 4.9 million barrels; clean-up costs, charges and penalties more than $65 billion; disaster fo ...
Quantifying Non-Financial Risk and contextualized Financial Risk is what brin...Corporater
Many organizations are realizing the critical need to quantify Non-Financial Risk (NFR) and contextualize Financial Risk, recognizing the challenges posed by their interplay. Identifying and assessing risks against risk appetite lays the foundation for effective risk management. But managing NFR involves implementing comprehensive risk management frameworks, and internal controls, ensuring compliance with regulations, making technology investments, and planning for employee development to safeguard the institution's operations and reputation. In parallel, quantifying NFR enables a thorough evaluation of potential risk exposure and the prioritization of risks for more insightful analyses.
As regulatory expectations increase, contextualization becomes increasingly vital, enhancing the effectiveness of boards overseeing financial institutions. Most importantly, the emphasis on integrating both NFR and FR insights to make more informed decisions, combining quantitative and qualitative approaches for a holistic understanding of risks cannot be overemphasized. This comprehensive approach aims to achieve better outcomes and effective risk management for financial institutions.
Download this presentation by Daniël Smidts, where he shares the significance of contextualizing Financial Risk management, considering the dynamic regulatory landscape and the need for an integrated view of risks and opportunities.
https://corporater.com/en/corporater-financial-services-software/?cmc=NFR_SD_SL&utm_source=social&utm_medium=NFR_SD_SL
Internal controls of sustainability reporting - Infographic.pdfCorporater
In the dynamic world of corporate sustainability, the importance of reliable and trustworthy reporting has never been greater. As organizations strive to meet the evolving expectations of stakeholders and mitigate associated risks, the implementation of effective internal controls is imperative.
In response to the growing significance of sustainability reporting, COSO released new guidance in 2023, specifically addressing how the internal control framework can be seamlessly applied to enhance sustainability reporting practices.
View this infographic to learn about some of the key challenges for internal controls of sustainability reporting.
To read more on effective internal control over sustainability reporting, read our blog here - https://corporater.com/blog/effective-internal-control-over-sustainability-reporting/?cmc=SL
In the field of business management, GPRC is a new acronym that represents Governance, Performance, Risk, and Compliance. GPRC is seen as a mindset that fosters excellence, control, and resilience by being interconnected and well-aligned across all business channels and functions.
View this infographic to learn what GPRC means, and why it is such an important and holistic framework for business governance and performance.
A digital twin of an organization (DTO) expands on the concept of a digital twin, serving as a virtual representation of a physical product, process, or entity. It mirrors the structures of the organization, interconnects different departments, and offers a comprehensive virtual overview of the business. Essentially, it functions as a digital map that encompasses the organization, leveraging technology to connect individuals, data, assets, processes, and more.
To know more on creating a digital twin of an organization, click here- https://corporater.com/blog/5-tips-on-creating-a-digital-twin-for-your-organization/?cmc=sl-dto&utm_source=sl&utm_medium=sl
Infographic- 3 Phases of Digital MaturityCorporater
Digital Maturity is an organization's ability to leverage digital technologies effectively to drive business outcomes and achieve its strategic objectives.
Get a clear picture of the three phases of digital maturity with this infographic.
https://corporater.com/resources/the-3-phases-of-digital-maturity/?cmc=sl
Infographic - What is an ISO Compliance Software?Corporater
All questions answered regarding what an ISO Compliance Software is.
Learn how to make technology an enabler of good Compliance Management with this #infographic ‘What is an ISO Compliance Software?’
https://corporater.com/resources/what-is-an-iso-compliance-software/?cmc=sl
Key Benefits of IT and Cyber Risk Management Software | InfographicsCorporater
IT security threats can wreak havoc on organizations of all types and sizes. Good technology solutions for IT and Cyber Risk Management help establish a solid approach to managing IT and cyber risks by providing clear visibility of such risks across the enterprise and the ability to take risk-mitigating actions.
Learn how technology supports the management of IT and cyber risk by downloading the infographic.
For more information, visit https://corporater.com/solution/it-cyber-risk-management-software/?cmc=sl
[Infographic] Enterprise Risk Management Technology Features – À La CarteCorporater
Businesses that use ERM technology can aid risk managers in establishing a robust ERM framework that enables them to conduct risk assessments, manage various risks, and report on risk mitigation control measures. These capabilities include monitoring key risk indicators (KRIs) and risk exposure across multiple departments and business units.
Using our infographic, you can choose the relevant features when considering enterprise risk management technology for your organization.
https://corporater.com/resources/enterprise-risk-management-erm-technology-features-a-la-carte/?cmc=sl
The Timeline for Operational Resilience Compliance [Infographic]Corporater
It has been a key priority for the Bank of England (BoE), Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), collectively “the supervisory authorities,” to put in place a stronger regulatory framework to promote the operational resilience of firms and FMIs. On March 29, 2021, the supervisory authorities published their final policy and supervisory statements “Operational resilience: impact tolerances for important business services.”
Here is a useful infographic on the operational resilience compliance timeline to protect your firm from the impact of unexpected events and operational disruptions.
To learn more about how Corporater helps strengthen your operational resilience, visit – https://corporater.com/resources/the-timeline-for-operational-resilience-compliance/?cmc=sl
Infographic - Business Benefits of Strategy and Performance Management SystemsCorporater
To obtain a sustainable competitive advantage, organizations need a complete, comprehensive picture of the overall strategy and performance. The strategy and performance management systems help you measure key aspects of your businesses, link your performance goals to strategic objectives and projects allowing you to gain insights into your organization’s strengths and weaknesses.
Here are the six business benefits of a strategy and performance management system.
To know more, visit: https://bit.ly/2UbtwsU
Infographic - Five Ways to Optimize CXO DashboardsCorporater
When was the last time you took a good look at your dashboard? Not just a glance over the charts and graphs to see what is in red. Does everything make sense? What is all this data? What does it mean? Is it still providing my company with value?
Here are five ways to optimize CXO dashboards to gain the right insight, context, and data needed for managerial decision-making.
To learn more, visit: https://bit.ly/2T8jUyl
Infographic - Four Key Areas of Technology Support for Performance ManagementCorporater
A good Performance Management involves monitoring, measuring, and continually improving an organization’s business performance by instilling unified processes, facilitating real-time decision making, encouraging employee engagement, fostering communication and driving productivity.
Check out this infographic on the key areas where technology can support performance management in an organization.
To learn more, visit: https://bit.ly/2T8jUyl
Corporater Overview | Business Management Platform (BMP)Corporater
Corporater is a global software company that empowers medium and large organizations worldwide to manage their entire business on a rapid solution configuration business management platform (BMP) that adapts to their unique business model.
Corporater BMP is a next generation software that enables organizations to have a complete overview of their business. Each solution can be run as a stand-alone or be a part of a holistic management approach for managing multiple frameworks within the domain of GPRC – Governance, Performance, Risk, and Compliance.
To know more, visit: https://bit.ly/3faryzl
On average organizations spend $10M+ responding to third-party security breaches each year. Third-Party Risk Management (TPRM) is the process of analyzing and controlling risks presented to your organization by outsourcing to third-party service providers (TPSP). TPSP relationships can introduce strategic, financial, operational, regulatory, and reputational risks.
For example, some TPSPs are involved in the storage, processing, and/or transmission of cardholder data (CHD), while others are involved in securing cardholder data, or securing the cardholder data environment (CDE).
Digital relationships with third-party providers increase opportunities for growth, but they also increase opportunities for cyberattacks — a recent study found that 61% of U.S. companies said they had experienced a data breach caused by one of their third-party providers (up 12% since 2016).
Learn more about:
• TPSP lifecycle,
• The effects of due diligence,
• The five critical control objectives, and
• How to build an effective risk assessment questionnaire.
To learn more, visit: https://bit.ly/3vQ4DjC
Designing and maintaining an effective AML compliance program has proven to be a challenge for many organizations.
A good AML program covers the areas of governance, management, assurance, and monitoring needed to establish an effective and holistic view of their AML requirements.
Corporater’s AML solution enables you to holistically govern, manage, and assure your AML program across the three lines of defense. Learn more – http://bit.ly/2NmChwF
KPIs have come a long way from being used for measuring operational management, to improving businesses by proposing recommended levers based on KPI analytics. View a brief timeline of the evolution and usage of KPIs worldwide.
To learn more, visit: https://bit.ly/3o3LvLV
8 Reasons Why You Need A Strategy Management SoftwareCorporater
There are many processes available to tackle your strategic plan, and there are a number of things that need to be done in order to achieve your strategy. For successfully executing strategy, you need a comprehensive platform that supports long and short term planning cycles - both strategic and financial.
Here are 8 reasons why you need to automate the strategy management process using specialized strategy management software.
Learn more about strategy management - http://bit.ly/2N2Tu9Z.
Request free demo - https://www.corporater.com
Get an overview of what compliance management means, the common categories of compliance in businesses as well as how software solutions can support your Organisational and Regulatory compliance journey.
To know more, visit corporater.com/compliance
CEO / CXO Architecture - The missing piece in your BI&A architectureCorporater
Most CEOs and CXOs are not happy with the BI&A initiatives. There is an apparent gap between what insights/information the top management needs from IT, and what is delivered. In this presentation, you will get critical insights into what a BI&A architecture should contain in order to close this gap.
This presentation will help you understand the specific core building blocks needed to reach business outcomes, and how the BI&A architecture can serve this purpose – all viewed from a CEO/CXO’s perspective.
CEO / CXO Architecture | The missing piece in your IT architectureCorporater
Most CEOs and CXOs are not happy with the CIO’s delivery. There is an apparent gap between what the top management needs from IT, and what is delivered. In this presentation, you will get critical insights into what an IT architecture should contain in order to close this gap.
This presentation will also help you understand the specific IT building blocks needed to reach business outcomes, and how the IT architecture can serve this purpose – all viewed from a CEO/CXO’s perspective.
How Does XfilesPro Ensure Security While Sharing Documents in Salesforce?XfilesPro
Worried about document security while sharing them in Salesforce? Fret no more! Here are the top-notch security standards XfilesPro upholds to ensure strong security for your Salesforce documents while sharing with internal or external people.
To learn more, read the blog: https://www.xfilespro.com/how-does-xfilespro-make-document-sharing-secure-and-seamless-in-salesforce/
Globus Connect Server Deep Dive - GlobusWorld 2024Globus
We explore the Globus Connect Server (GCS) architecture and experiment with advanced configuration options and use cases. This content is targeted at system administrators who are familiar with GCS and currently operate—or are planning to operate—broader deployments at their institution.
We describe the deployment and use of Globus Compute for remote computation. This content is aimed at researchers who wish to compute on remote resources using a unified programming interface, as well as system administrators who will deploy and operate Globus Compute services on their research computing infrastructure.
Designing for Privacy in Amazon Web ServicesKrzysztofKkol1
Data privacy is one of the most critical issues that businesses face. This presentation shares insights on the principles and best practices for ensuring the resilience and security of your workload.
Drawing on a real-life project from the HR industry, the various challenges will be demonstrated: data protection, self-healing, business continuity, security, and transparency of data processing. This systematized approach allowed to create a secure AWS cloud infrastructure that not only met strict compliance rules but also exceeded the client's expectations.
Experience our free, in-depth three-part Tendenci Platform Corporate Membership Management workshop series! In Session 1 on May 14th, 2024, we began with an Introduction and Setup, mastering the configuration of your Corporate Membership Module settings to establish membership types, applications, and more. Then, on May 16th, 2024, in Session 2, we focused on binding individual members to a Corporate Membership and Corporate Reps, teaching you how to add individual members and assign Corporate Representatives to manage dues, renewals, and associated members. Finally, on May 28th, 2024, in Session 3, we covered questions and concerns, addressing any queries or issues you may have.
For more Tendenci AMS events, check out www.tendenci.com/events
Accelerate Enterprise Software Engineering with PlatformlessWSO2
Key takeaways:
Challenges of building platforms and the benefits of platformless.
Key principles of platformless, including API-first, cloud-native middleware, platform engineering, and developer experience.
How Choreo enables the platformless experience.
How key concepts like application architecture, domain-driven design, zero trust, and cell-based architecture are inherently a part of Choreo.
Demo of an end-to-end app built and deployed on Choreo.
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I ...Juraj Vysvader
In 2015, I used to write extensions for Joomla, WordPress, phpBB3, etc and I didn't get rich from it but it did have 63K downloads (powered possible tens of thousands of websites).
Prosigns: Transforming Business with Tailored Technology SolutionsProsigns
Unlocking Business Potential: Tailored Technology Solutions by Prosigns
Discover how Prosigns, a leading technology solutions provider, partners with businesses to drive innovation and success. Our presentation showcases our comprehensive range of services, including custom software development, web and mobile app development, AI & ML solutions, blockchain integration, DevOps services, and Microsoft Dynamics 365 support.
Custom Software Development: Prosigns specializes in creating bespoke software solutions that cater to your unique business needs. Our team of experts works closely with you to understand your requirements and deliver tailor-made software that enhances efficiency and drives growth.
Web and Mobile App Development: From responsive websites to intuitive mobile applications, Prosigns develops cutting-edge solutions that engage users and deliver seamless experiences across devices.
AI & ML Solutions: Harnessing the power of Artificial Intelligence and Machine Learning, Prosigns provides smart solutions that automate processes, provide valuable insights, and drive informed decision-making.
Blockchain Integration: Prosigns offers comprehensive blockchain solutions, including development, integration, and consulting services, enabling businesses to leverage blockchain technology for enhanced security, transparency, and efficiency.
DevOps Services: Prosigns' DevOps services streamline development and operations processes, ensuring faster and more reliable software delivery through automation and continuous integration.
Microsoft Dynamics 365 Support: Prosigns provides comprehensive support and maintenance services for Microsoft Dynamics 365, ensuring your system is always up-to-date, secure, and running smoothly.
Learn how our collaborative approach and dedication to excellence help businesses achieve their goals and stay ahead in today's digital landscape. From concept to deployment, Prosigns is your trusted partner for transforming ideas into reality and unlocking the full potential of your business.
Join us on a journey of innovation and growth. Let's partner for success with Prosigns.
Climate Science Flows: Enabling Petabyte-Scale Climate Analysis with the Eart...Globus
The Earth System Grid Federation (ESGF) is a global network of data servers that archives and distributes the planet’s largest collection of Earth system model output for thousands of climate and environmental scientists worldwide. Many of these petabyte-scale data archives are located in proximity to large high-performance computing (HPC) or cloud computing resources, but the primary workflow for data users consists of transferring data, and applying computations on a different system. As a part of the ESGF 2.0 US project (funded by the United States Department of Energy Office of Science), we developed pre-defined data workflows, which can be run on-demand, capable of applying many data reduction and data analysis to the large ESGF data archives, transferring only the resultant analysis (ex. visualizations, smaller data files). In this talk, we will showcase a few of these workflows, highlighting how Globus Flows can be used for petabyte-scale climate analysis.
Exploring Innovations in Data Repository Solutions - Insights from the U.S. G...Globus
The U.S. Geological Survey (USGS) has made substantial investments in meeting evolving scientific, technical, and policy driven demands on storing, managing, and delivering data. As these demands continue to grow in complexity and scale, the USGS must continue to explore innovative solutions to improve its management, curation, sharing, delivering, and preservation approaches for large-scale research data. Supporting these needs, the USGS has partnered with the University of Chicago-Globus to research and develop advanced repository components and workflows leveraging its current investment in Globus. The primary outcome of this partnership includes the development of a prototype enterprise repository, driven by USGS Data Release requirements, through exploration and implementation of the entire suite of the Globus platform offerings, including Globus Flow, Globus Auth, Globus Transfer, and Globus Search. This presentation will provide insights into this research partnership, introduce the unique requirements and challenges being addressed and provide relevant project progress.
Into the Box Keynote Day 2: Unveiling amazing updates and announcements for modern CFML developers! Get ready for exciting releases and updates on Ortus tools and products. Stay tuned for cutting-edge innovations designed to boost your productivity.
Why React Native as a Strategic Advantage for Startup Innovation.pdfayushiqss
Do you know that React Native is being increasingly adopted by startups as well as big companies in the mobile app development industry? Big names like Facebook, Instagram, and Pinterest have already integrated this robust open-source framework.
In fact, according to a report by Statista, the number of React Native developers has been steadily increasing over the years, reaching an estimated 1.9 million by the end of 2024. This means that the demand for this framework in the job market has been growing making it a valuable skill.
But what makes React Native so popular for mobile application development? It offers excellent cross-platform capabilities among other benefits. This way, with React Native, developers can write code once and run it on both iOS and Android devices thus saving time and resources leading to shorter development cycles hence faster time-to-market for your app.
Let’s take the example of a startup, which wanted to release their app on both iOS and Android at once. Through the use of React Native they managed to create an app and bring it into the market within a very short period. This helped them gain an advantage over their competitors because they had access to a large user base who were able to generate revenue quickly for them.
Enhancing Research Orchestration Capabilities at ORNL.pdfGlobus
Cross-facility research orchestration comes with ever-changing constraints regarding the availability and suitability of various compute and data resources. In short, a flexible data and processing fabric is needed to enable the dynamic redirection of data and compute tasks throughout the lifecycle of an experiment. In this talk, we illustrate how we easily leveraged Globus services to instrument the ACE research testbed at the Oak Ridge Leadership Computing Facility with flexible data and task orchestration capabilities.
SOCRadar Research Team: Latest Activities of IntelBrokerSOCRadar
The European Union Agency for Law Enforcement Cooperation (Europol) has suffered an alleged data breach after a notorious threat actor claimed to have exfiltrated data from its systems. Infamous data leaker IntelBroker posted on the even more infamous BreachForums hacking forum, saying that Europol suffered a data breach this month.
The alleged breach affected Europol agencies CCSE, EC3, Europol Platform for Experts, Law Enforcement Forum, and SIRIUS. Infiltration of these entities can disrupt ongoing investigations and compromise sensitive intelligence shared among international law enforcement agencies.
However, this is neither the first nor the last activity of IntekBroker. We have compiled for you what happened in the last few days. To track such hacker activities on dark web sources like hacker forums, private Telegram channels, and other hidden platforms where cyber threats often originate, you can check SOCRadar’s Dark Web News.
Stay Informed on Threat Actors’ Activity on the Dark Web with SOCRadar!
How to Position Your Globus Data Portal for Success Ten Good PracticesGlobus
Science gateways allow science and engineering communities to access shared data, software, computing services, and instruments. Science gateways have gained a lot of traction in the last twenty years, as evidenced by projects such as the Science Gateways Community Institute (SGCI) and the Center of Excellence on Science Gateways (SGX3) in the US, The Australian Research Data Commons (ARDC) and its platforms in Australia, and the projects around Virtual Research Environments in Europe. A few mature frameworks have evolved with their different strengths and foci and have been taken up by a larger community such as the Globus Data Portal, Hubzero, Tapis, and Galaxy. However, even when gateways are built on successful frameworks, they continue to face the challenges of ongoing maintenance costs and how to meet the ever-expanding needs of the community they serve with enhanced features. It is not uncommon that gateways with compelling use cases are nonetheless unable to get past the prototype phase and become a full production service, or if they do, they don't survive more than a couple of years. While there is no guaranteed pathway to success, it seems likely that for any gateway there is a need for a strong community and/or solid funding streams to create and sustain its success. With over twenty years of examples to draw from, this presentation goes into detail for ten factors common to successful and enduring gateways that effectively serve as best practices for any new or developing gateway.
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Cyaniclab : Software Development Agency Portfolio.pdfCyanic lab
CyanicLab, an offshore custom software development company based in Sweden,India, Finland, is your go-to partner for startup development and innovative web design solutions. Our expert team specializes in crafting cutting-edge software tailored to meet the unique needs of startups and established enterprises alike. From conceptualization to execution, we offer comprehensive services including web and mobile app development, UI/UX design, and ongoing software maintenance. Ready to elevate your business? Contact CyanicLab today and let us propel your vision to success with our top-notch IT solutions.
Cyaniclab : Software Development Agency Portfolio.pdf
The Purpose of Holistic Risk Management
1. THE PURPOSE OF
HOLISTIC RISK MANAGEMENT
“It is often during a crisis when it becomes
clear how well or ill-prepared the company, the
entrepreneur, the organizational unit and even
the state is for managing uncertainty in
a complex environment. ”
Steffen Schürg
2. The COVID-19 pandemic has put risk
management in a spotlight. Looking at leading
risk indicators, incidences and reproduction
figures have become commonplace among the
general population. Especially, those individuals
who are put in charge of their organization’s
business continuity quickly became
sought-after experts.
However, what do we really need to protect a
business from risk?
1 ⓒ Corporater. All rights reserved.
4. With the emergence of the COVID-19 pandemic
and the disruption that has followed, a wide
variety of protective measures has emerged, and
it has become clear that managing risk at a large
scale is complex and multifaceted. Risks are
not only interrelated with measures, but they
also impact one another. For instance, the
management of COVID-19 to protect health is
closely linked to the economic future of entire
industries, personal livelihoods, and even the
education of tomorrow’s generation.
3 ⓒ Corporater. All rights reserved.
5. Effective
risk management
in one area may lead to massive difficulties
or unwanted effects in other domains.
4 ⓒ Corporater. All rights reserved.
6. To select the correct risk strategy, interests
must be prioritized, opportunities and risks
analyzed, and, ultimately, decisions made that
keep the “enterprise” on track.
Even though the success of the selected risk
strategies can only be assessed in a few years,
it has already become clear that risk
management must take a holistic approach.
5 ⓒ Corporater. All rights reserved.
7. A holistic approach requires risk management
aligned with the objectives and interests of
numerous entities. Furthermore, the approach
must protect society’s best interest and favor
neither “protecting life at all costs” nor the
“freedom and self-responsibility” of each individual.
6 ⓒ Corporater. All rights reserved.
8. LOOKING AT THE
BIG PICTURE
IS CRUCIAL
7 ⓒ Corporater. All rights reserved.
9. A holistic view of
risk is needed to
support the
organization and
strengthen the
company’s
resilience.
Risk management and knowledge
carriers from a wide range of
management disciplines must
work together to help maintain
performance and keep the
organization successful.
Flexible solutions that can
be systematically integrated
into a wide variety of areas
and processes are needed to
enable a systematic and
integrated view.
Simple “Excel-based” risk
management solutions and
backward-looking “reporting
islands” in controlling, auditing,
but also in risk management or
compliance rarely serve the
purpose.
Too many white or at least grey
swans are wrongly labeled as
black and are often used as an
excuse for lack of risk
management.
8 ⓒ Corporater. All rights reserved.
10. 9 ⓒ Corporater. All rights reserved.
Avoiding risks, as well as seizing opportunities,
must be firmly embedded in the daily routines
of every office and its employees. Human errors,
distortions, and isolated considerations are the
reason for numerous strategic errors at all levels.
Misconduct and lack of risk awareness can have
a massive impact on the entire community – this
fact, observed in numerous companies, is clearly
visible in the current social reality.
A risk culture that is appropriate and accepted
company-wide is a prerequisite for effective
risk management.
To effectively manage risk, companies need to be
able to not only monitor risks but also respond.
11. 10 ⓒ Corporater. All rights reserved.
Too many companies regard the various
management systems as “silos” and use
various separate risk management
procedures, processes, and tools.
As a result, risk management methods become
redundant, and reports on the probability of
occurrence and amount of damage are often
contradictory. Even modern tools and further
developments of risk management often do not
help. Even “Artificial Risk Management” (AI Risk)
or special “early warning indicators” do not
deliver added value if the process ends after
identifying the risk and entering it in an
Excel list.
13. 12 ⓒ Corporater. All rights reserved.
It is good to remember that complexity does
not mean complicated. Rather, it is a matter of
linking the essential elements in a meaningful
way and managing them across processes
in a standardized and system-supported
manner. The risk-oriented approach allows
concentration on the “essentials” and helps
to reduce complexity. Good solutions do not
have to be complicated.
15. Integrated risk management considers the impact of risks on the
entire organization and across different management functions. It
lays the foundations for dealing with hazards and their causes in a
structured and systematic way.
Risks are not abstract.
They have concrete causes and occur in various places inside and
outside the company. Linking the cause of risks and their impact on
processes, systems, workflows, products, suppliers, supply chains,
projects, infrastructure, and finances is therefore essential when
managing risks.
14 ⓒ Corporater. All rights reserved.
16. Only by taking a holistic view and linking
measures across organizational units such as
purchasing, logistics, sales and administration will
the company be strengthened. Loss occurrences
will be prevented, and damage effects will be
reduced.
Just as the pandemic shows us the importance
of connecting different disciplines this also
proves to be true for the software landscape
within companies. Traditional and old-fashioned
“island-solutions” come to an end and drive
the need for integrated risk management (IRM)
solutions across all business units and risk
compliance functions.
15 ⓒ Corporater. All rights reserved.
18. 17 ⓒ Corporater. All rights reserved.
With a modern software tool, such as an integrated platform, the
complexity of GRC and management functions can be controlled,
and an evaluation based on uniform data becomes possible:
1 High expenses due to redundant work are avoided.
2 Clear roles and responsibilities help analyze risks and to execute
strategy across the organization.
3 Risk responses (mitigations) are standardized and demonstrably
implemented throughout the organization.
4 Acceptance by employees and departments increases through
meaningful and cross-disciplinary communication and reporting.
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5 Risk management is perceived as a support by helping to monitor
risks, measures and controls.
6 Management, Executive Board and Supervisory Board have an
overview of the various GRC initiatives in cockpits.
7 Effect of GRC initiatives on the organization’s performance
metrics become quantifiable and visible.
8 The implementation status of measures is documented.
9 Duties of good governance and the diligence of a prudent
businessman are met.
10 Organizational failure is avoided.
20. “Simple” simulations, modern questionnaire-based
approaches, but also advanced Monte Carlo methods
– risk aggregation and risk linkage – are possible.
External and internal data streams, as well as
“third-party” information feeds, can also be easily
integrated. All this helps to get a grip on complexity.
In addition, standardized models and procedures
support the rapid mapping of “best-practice”
approaches and smooth integration of existing
standards and guidelines.
With the help of modern software tools, the
implementation of an integrated risk management
system that provides a holistic view of risk can be
quite simple.
19 ⓒ Corporater. All rights reserved.
22. CORPORATER INTEGRATED RISK MANAGEMENT
(IRM) SOLUTION
Integrated Risk Management is at the heart of
business agility, aligning business performance
and business conformance and enabling the entire
organization to quickly, consistently, and efficiently
make sound decisions – acting as a unified business.
The Corporater IRM Solution is the enabling tool
that takes your organization beyond traditional risk
management. By providing an integrated approach
to data-driven risk management your organization can
achieve a more realistic risk profile and better data for
risk-based decision-making and problem-solving.
Learn More Request Demo
21 ⓒ Corporater. All rights reserved.
23. Steffen Schürg
Director - Integrated Risk Management
Corporater GmbH
Frankfurt
+49 017660779002
Schuerg@corporater.com
This document is based on the article titled “Integrated Risk Management
Software.” Read the full version here.
22 ⓒ Corporater. All rights reserved.