Conducting risk assessments is one of the foundations of any Enterprise Risk Management (ERM) program. Yet the logistical burdens associated with administering assessments, logging the results, and compiling reports for a variety of stakeholders can make the process so unwieldy that it gets limited into an annual chore, dreaded by all involved.
Not only does this risk turning an ERM program into nothing more than a checkbox exercise, management is then forced to try to make important enterprise decisions with data that can be up to a year old. Additionally, the more difficult the process of completing assessments becomes the more likely respondents are to rush the process, which in turn can compromise accuracy and lead to less reliable data.
In this short 2-minute video, the first in a series covering Origami’s GRC solution, you’ll see how simple the risk assessment process can be for on-demand assessments or those conducted as part of an ERM plan. When conducting risk assessments is this easy, your organization can move from an annual nightmare to a continuous best practice approach that delivers the real time, actionable data stakeholders need.
See for yourself how easy it is for Origami Risk to:
- Generate inherent and residual risk scores
- Assess risks individually or as part of a plan
- Leverage workflows and notifications to automate processes
See how your ERM program stacks up
Gauge your organization's ERM program and gain fuel for change with Origami's ERM Maturity Assessment. In only 17 questions, you'll be on your way to a customized, actionable plan of attack.