Enterprise Risk Management

A practical, cost-effective approach to integrated risk management

Companies considering an enterprise approach to risk management and GRC need a practical and cost-effective way to get there.   With that in mind, BPS has developed its Audit, Compliance and Operational Risk Management solutions from the same, scalable and secure BPS Technology Platform.   This enables organizations to implement BPS solutions in the areas that will add the most immediate value, while providing the foundation for a fully-integrated ERM approach.

All BPS solutions utilize common risk libraries, Issues & Action Tracking, workflow, drill-down dashboards and flexible reporting

  • Risk Libraries - BPS includes a complete risk management library linking risks, controls, tests, questionnaires, compliance and audit templates, KRI’s and other key artifacts.  Each of these can be categorized by an unlimited number of user-defined hierarchies or lists, along with an unlimited number of user-defined text and data fields.  The risk library helps drive consistency in your approach to risk.
  • Issues and Action Tracking – BPS’ powerful Workflow and Notifications functionality simplifies follow-up and ensures that critical problems get addressed promptly.  BPS IAT integrates output from audit, compliance and other risk management functions to deliver an integrated view of risks across the enterprise.
  • Drill-Down Dashboards – BPS provides users at all levels with custom dashboards that deliver a clear, concise and actionable overview of important metrics and enable full drill-down into the underlying data.  All BPS Dashboards are entitlement-driven, which ensures that appropriate users have access to the information they need.
  • Flexible Reporting – The BPS Reporting Suite provides state-of-the-art visualization tools that enable users to intuitively explore masses of data.  The BPS Visualizer draws on the underlying data model and relies on proprietary logic to highlight key risks and their root causes.  BPS Reporting enables users to draw on banks of existing reports and flexible templates to customize their own reports.

Looking to upgrade your current platform?

BPS Enterprise Risk Management (ERM) includes the industry’s only migration tools that make moving away from Lotus Notes or other legacy systems safe and reliable.

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To request more information, contact us now.  To speak with a BPS representative, call us at 1-877-755-3716.