- Cyber Solutions
Having a fully integrated CPS 230 business management solution in place enables you to effortlessly and consistently optimise your CPS 230 requirements. This approach minimizes complexity, reduces risks significantly, and maximizes ROI. As a result, you consistently adhere to CPS 230 requirements while showcasing the advantages it brings.
Operational Resilience Modules:
Key Objective: Improve the operational risk procedures, controls, and structure to align with the outcome-driven mandates of CPS 230. This is in accordance with the renewed emphasis on
maintaining the ability to operate amidst disruptions, rather than merely recovering from
Risk Management Module:
✓ Set Business objectives
✓ Define Risk taxonomy
✓ Centralise Risk & Control Library
✓ Assess Risk & Controls consistently
✓ Manage Treatment plans
✓ Measure Key risk indicators
✓ Linkages to incidents and near misses.
Key Objective: Strengthen business continuity strategies by pinpointing critical operations using the CPS 230 perspective (which encompasses functions deemed critical by APRA). Establish suitable tolerance thresholds for each function and increase testing responsibilities.
Business Continuity Module:
✓ Centralise list of critical operations
✓ Undertake Business impact analysis & set Tolerance levels
✓ Identify Processes and dependencies
✓ Manage Business continuity plans
✓ Plan Disruption scenarios
✓ Automate Rehearsals.
Key Objective: Conduct a comprehensive evaluation to determine which service providers are essential, specifically those necessary for a crucial operation or those that subject the entity to significant operational risk and implement appropriate performance measurements process. This perspective is broader than the existing notion of service providers handling an outsourced 'material business activity.
Vendor Management Module:
✓ Centralise Vendor registers, including Material service providers
✓ Manage Master service agreements
✓ Maintain Contract registers
✓ Undertake Vendor risk assessment
✓ Monitor Vendor KPI’s
✓ Manage Contracts.
Key Objective: Notify APRA of key events and service providers and that may affect operational resilience, and for APRA to develop a wide view of key concentration risks across the industry
APRA Notification Module:
✓ Autogenerate APRA notification reports
✓ Automatic reminders of upcoming and overdue notifications
✓ Historical record of all notifications sent.
Beautiful, professional & enterprise-grade applications are ready without the need for programmers or coding. The ReadiNow Platform is a no-code platform, meaning you have the flexibility and power to grow your platform with your business without needing a developer. Simply drag and drop to create forms, reports, dashboards, workflows and integrations with your existing systems. The below features are included in all ReadiNow modules.
“ReadiNow gives us the ability to link risks, obligations, incidents, issues, all of these things together so we can get a single level of insight and really be able to understand when an incident happened and how it impacts a risk. When a risk rating changes - how does that impact everything else? Bringing it all together in one platform - that's where the magic lies!”
Bert Bakker, Chief Risk Officer, Youi Insurance & OUTSurance