AI Powered Enterprise Risk Management
The ReadiNow Enterprise Risk Management Module makes it simpler and easier for you to effectively manage risks giving visibility of all risks across the organisation, ensuring you have measures in place to mitigate risk.
Risk Management is simplified with a centralised system, powerful analytics and the ability to adapt as your business changes. Select controls from a pre-defined library or through our powerful AI-Suggest tool, and use automation workflows to apply standard controls across your entire organisation.
Integrated Risk Registers
Document material risks that might affect the company's business interests. Specify risk drivers such as Internal, External or Emerging Risks and also document the risk sources such as Assessment, Audit, Workshop and Investigation.
- Efficiently identify, document, and monitor risks across projects & operations
- Perform comprehensive risk assessments
- Develop risk mitigation strategies and response plans
Key Risk Indicators
Create Key Risk Indicators (KRIs) and Key Control Indicators and continually monitor performance and flag issues to ensure effective risk and control measurement.
- Provide real-time insights into risk levels and control effectiveness
- Automatically flag potential issues and trigger alerts when KRIs and control indicators deviate from predefined thresholds
- Ensure effective risk and control measurement tracking performance against established KRIs and controls
Controls and Treatment
Centrally record and manage risk treatment methods, assign controls and assign owners, implement process and reporting to ensure control effectiveness.
- Ensure a structured and organised approach to mitigating risks with centralised management
- Assign specific controls and designate responsible owners for each risk, enhancing accountability and clarity in risk management efforts
- Implement processes and reporting mechanisms to ensure the effectiveness of controls
Incident Management
Define, measure, and manage your risk tolerance with precision by establishing a clear risk appetite to ensure that decision-making aligns with strategic objectives. Our integrated taxonomy system standardizes risk classifications for consistent reporting and analysis. This feature allows users to easily map risks across departments, ensuring that the entire organization speaks a unified risk language. With customizable dashboards and real-time insights, ReadiNow enhances transparency and fosters a proactive approach to risk management, ensuring businesses remain resilient in an ever-evolving landscape.
- Ensure a unified risk language across your organisation.
- Easily map risks across departments.
- Integrate complete risk libraries complimented by our powerful AI-Assist features.
Drag & Drop No-Code Workflows
Applications are ready in minutes without the need for programmers or heavy configuration efforts. Simply drag and drop to create forms, reports, charts and automated workflows. Create rich graphical screens to intuitively interact with your application on any device. Simply imagine it, drag it and drop it.
- Map out risk and control approval processes
- Custom risk profiling flows
- Risk rating aggregation
- Control testing scheduling
Powerful Reporting Dashboard
Empower decision-making at all levels with detailed reports of your key business insights, including trend analysis. Design your own smart forms, dashboards, surveys, screens, reports, charts and graphs equipped with drill down capabilities.
