Organizations Don’t Lose Risk Visibility with VComply
Forward-thinking risk management professionals are moving away from outdated solutions, opting for a structured approach to managing risk, and enhancing efficiency.
Manage your risks strategically with our modern connected platform
Streamline risk management throughout your organization, eliminate data silos, improve collaboration, implement strategies to mitigate risks, and make informed strategic decisions regarding those risks.
Set up a central repository to record and manage risks
Set up a centralized risk register to capture risks from various sources and departments in a single location. Create categories to classify different types of risks and assign risk owners.
The risk register serves as a repository for recording risks, ensuring that no risks are overlooked or missed.
Identify and mitigate risks through workshops
Conduct risk workshops using VComply’s Risk Workshop feature to bring key stakeholders together to discuss risks, assess their impact and likelihood, and collaboratively develop mitigation strategies.
Leverage the collective knowledge and expertise of participants to manage risk effectively.
Streamline risk assessments with automated workflows
Easily streamline and automate risk assessments–plan, schedule, manage, and perform inherent and residual risk assessments–using VComply.
Define risk treatment plans to accept, avoid, transfer, or optimize risk, assign control to specific individuals or teams, along with deadlines and priorities.
Drive team synergy and scale up risk management efforts
Foster a risk-aware culture by promoting communication and collaboration. Easily scale risk management efforts across various departments or geographical locations.
Connect with your team on risk updates with the built-in chat feature, conduct risk workshops and share evidence for resolution strategies.
“VComply is the ideal repository for compliance and regulatory requirements. It facilitates the integration of risk and compliance in a very intuitive way”
Integrate Risk and Compliance Strategically
Identify risks and create mitigation plans across your broader compliance programs offering a single holistic view of your business and operational risks with respect to your strategic objectives.
Risk Register
Centralize all your risks for a comprehensive understanding of your business and operational risks, offering a bird’s eye view of your entire risk landscape
Risk Settings
Define organizational risk appetite per category, allowing you to tailor risk management strategies to each specific risk profile and strategic objective
Automated Assessments
Automate residual and inherent risk assessments based on current workflows, including frequency and response criteria, with automated alerts, ensuring timely and consistent risk evaluations
Risk Control Matrix
View strategic reports showing each risk and associated controls, helping you better understand the effectiveness of your risk management strategies and identify areas for improvement
Dashboards and Reporting
Integrate risk and compliance dashboards into a single view with the option to download individual reports based on risk appetite levels, response strategies and more
Escalation Reports
Receive alerts for escalation similar to compliance alerts, with attention to critical risks and reducing the likelihood of unmanaged impacts
Guide strategic decisions with dashboards and reports
Gain a 360-degree view of risk and trends through interactive executive dashboards and reports.
These dashboards pull insights from multiple data points, visualize risk exposure patterns through heatmaps, highlight risks that currently lack adequate controls and help you respond faster to emerging risks.
Proactively address risks before they escalate
Stay informed with VComply’s notifications and alerts, and address risks in a timely manner.
Monitor the progress of risk management activities, assess the effectiveness of mitigation measures, and improve decision-making.
Demonstrate due diligence, validate control effectiveness
Recommend action plans to modify controls or define new controls as part of the issue remediation process.
Link controls to risks, upload and review evidence, monitor the status of the implemented actions and track them to closure.
Track key risk indicators and improve risk management
VComply offers real-time transparency into risk data, enabling organizations to closely monitor risks, understand root causes and make informed decisions.
The risk reports offer a comprehensive view of total risk exposure by departments, while the risk heatmap visually represents risk exposure patterns.
