Enterprise Risk Management

The Enterprise Risk Management Software by Knowllence is positioned as a tool designed to assist businesses in analyzing and managing risks in a structured and quantified manner. According to the vendor, this software is intended for organizations of various sizes across different industries, and it may be particularly useful for professionals such as Quality Managers, Risk Managers, Compliance Officers, Environmental Managers, and Health and Safety Managers.

Key Features

Risk Assessment and Mapping: According to the vendor, this software allows businesses to systematically inquire about risk management across the company. It provides an approach and extensive libraries to ensure comprehensive coverage of all four categories of threats, enabling businesses to quantitatively assess the impacts of each threat.

Action Plan Management: The software is claimed to facilitate the follow-up of actions resulting from risk analysis, supporting a continuous improvement process. Businesses can manage action plans internally within the software or integrate them into their existing action plan management tool, according to the vendor.

Easy Implementation and Traceability: The vendor states that this software offers easy implementation through accessibility from a web browser, making it convenient for businesses to adopt. It automatically generates a corporate risk summary document and action plan sheets, and provides systematic and automatic recording of all changes made, allowing for easy management of risk analysis changes.

Optional GDPR Module: The vendor offers an optional module for businesses concerned about compliance with the General Data Protection Regulation (GDPR). According to the vendor, this module enables businesses to centralize risk management on their data, in addition to managing risks on their processes.

Customization: According to the vendor, the software allows customization of the enterprise and GDPR risk management solution to align with the work habits of businesses. It provides flexibility to tailor the software to specific requirements and preferences.