Recommended
More Related Content
What's hot
What's hot (20)
Similar to Wrestling with risk management
Similar to Wrestling with risk management (20)
Recently uploaded
Recently uploaded (20)
Wrestling with risk management
- 1. Wrestling with Risk Management
- 2. • Australian software company, developer of web-based governance solutions • Provide solutions to not-for-profits, healthcare, hospitality and education, government
- 3. • Changing business environment • Many staff, working flexibly and geographically spread out • Time and money focused on service delivery • Spread sheets often the most cost effective option. • Need intuitive solutions, quick to roll out and out and with minimal training overhead overhead Key Issues for Not for Profits in Community Services
- 4. • Risk Management Software • Web-based, easy to use • Reporting to suit different levels of your Organisation. • Configurable Folio GRC
- 5. Single Source of Truth Risk Risk Reviews Risk Registers Risk Actions Board Risk Reporting Compliance Legal Obligations Action Plans Compliance Controls Incidents Anyone access Incident Forms Remedial Actions Audits Audits Agreed Actions Audit Reporting Contracts Contract Registers Provider Reporting Credentials Mgmt. Email To Folio Deliverables Mgmt. Custom Work Flows
- 7. Multiple Risk Registers • Risk Register specific fields • Risk Register specific workflows
- 8. Risk Reporting Board Management Operational • Board specific dashboard style risk report • Reports/ Report Subscriptions • Dashboards • Escalation of incomplete actions and tasks • Reports/ Report Subscriptions • Dashboards • Reminders for Tasks/ Action Plans / Checklists & Risk Reviews
- 12. Assessing risk • Risk assessment sliders • Risk Definitions displayed
- 13. Risk- Related Actions • Allocate actions • Monitor performance
- 15. Incident Management • Create incident, complaints, feedback registers and more • Anyone can report feature
- 16. Notes • Make notes on incidents • Colour coded, note types • @ mentions
- 17. Media • Photos • Videos • Email to Folio
- 18. Incident Reports • Easy to modify reports and setup as required • Add report summaries • Subscribe to reports
- 19. Contracts
- 20. Contract Registers • Maintain multiple contract registers • Monitor key dates and deliverables • Store contract documents in one place
- 21. Credentials Management – 5 easy steps 1. Folio notifies MG about expiring credential 2.MG activates credential request 3. SP submits new Credentials on a web form 4. Folio notifies MG that Credential is ready for approval 5. Credential Approved and applied to all contracts with SP
- 22. Checklists • Self-assessments, service provider reporting, surveys and more • Customisable workflows.
- 23. Implementation • 5 Day Implementation Programme • Requirements Analysis • Solution Design • Implementation • Provide “Train the Trainer”
- 24. Next Steps • Demo • Proposal
- 25. Contact us: (02) 9699 3295 www.usefolio.com
Editor's Notes
- Good Afternoon. Welcome to our presentation on wresting with risk for community services organisations. My name is Tarun Philip and I am a Director of Kwela Solutions. Not for Profits are required to demonstrate risk management to their Board of Directors, because it is a requirement from their funders and most importantly because it is good business practice. I will cover some of the issues that NFPs face with risk management and then delve into how Folio our Governance product can help. Before we start a quick house keeping slide and an introduction to Kwela Solutions. Before I start let me give you an overview of us,
- Talk about MTC and the PHN
- Business changes rapidly. Programs are funded and defunded and this in turn has a flow on effect on every aspect of your business. Staff Typically we find that not for profits are looking for intuitive solutions, that are quick to deploy with minimal training overhead.
- We have developed a product called Folio GRC that is ideal for Not for Profits. It is web-based and easy to use. Just ask our customers. It has reporting to suit different levels Board, Management and Operational Teams It is a configurable solution that lets you raidly create new registers which we call folio templates and workflows to suit your needs. The image you see on screen is the Folio dashboard that displays a variety of drill down charts. It will provide reporting required for Boards, Management Teams and Operational Reporting. It is configurable to manage a range of Governance and risk issues
- Today we are going to focus on 3 aspects of Folio: Risk – bullets Incidents – Incidents, Complaints, Complements and more. Contracts
- Lets dive into risk management
- Strategic Risk: Identified as an adjunct to Strategic Plan Assessed by Board Reviewed by Board every month Reviewed by the Board as part of planning process Operations risk: Identified by key executive/senior managers Managed in the course of business operations – part of KPIs for managers Board receives regular reports on High/Extreme risks and mitigation actions. Project Risk: Identified as part of business case/proposal Assessed by Program/Project Manager High/Extreme risks should be reported to Board or senior Executive Risks Retired as program/project ceases.
- Folio provides a range of concise, visually appealing reports for Boards. Users are able to drill down to the detail in the report.
- A range of charts and dashboards are also provided the give insights into how risk is managed.
- Reports can be generated both as PDF documents or in Excel. The hyperlinks in the PDF reports can be clicked on to take the user back into Folio.
- Risk matrix clearly displayed The user click on the matrix and is presented with sliders that enable them to assess the risk. Risk definitions are displayed on screen making the assessment process seamless
- Risk related actions and controls can be listed in Folio These can be allocated to staff with due dates. Performance can be tracked with traffic lights indicating current status.
- Good Afternoon. Welcome to our presentation on wresting with risk for community services organisations. My name is Tarun Philip and I am a Director of Kwela Solutions. Not for Profits are required to demonstrate risk management to their Board of Directors, because it is a requirement from their funders and most importantly because it is good business practice. I will cover some of the issues that NFPs face with risk management and then delve into how Folio our Governance product can help. Before we start a quick house keeping slide and an introduction to Kwela Solutions. Before I start let me give you an overview of us,
- Folio also includes features such as Save and Return which allow users to save a form and return to them at a later point.
- Good Afternoon. Welcome to our presentation on wresting with risk for community services organisations. My name is Tarun Philip and I am a Director of Kwela Solutions. Not for Profits are required to demonstrate risk management to their Board of Directors, because it is a requirement from their funders and most importantly because it is good business practice. I will cover some of the issues that NFPs face with risk management and then delve into how Folio our Governance product can help. Before we start a quick house keeping slide and an introduction to Kwela Solutions. Before I start let me give you an overview of us,