Cura Enterprise Risk Management

Cura Enterprise Risk Management is a software solution offered by CURA Software. According to the vendor, this solution aims to help organizations effectively manage risks and capitalize on opportunities related to their business strategies and objectives. The product is designed to cater to small, medium, and large businesses across various industries, including healthcare, financial services, manufacturing, energy and utilities, and retail. Professionals such as risk managers, compliance officers, internal auditors, finance professionals, and IT professionals can benefit from the features and functionalities offered by Cura Enterprise Risk Management.

Key Features

Enterprise Risk Identification: According to the vendor, Cura Enterprise Risk Management enables organizations to identify and capture risks and opportunities across different business functions and processes. It provides a centralized repository for storing and managing risk information, allowing users to define risk categories and subcategories for comprehensive risk identification.

Risk Assessment and Analysis: The software facilitates the assessment and analysis of risks based on predefined criteria and methodologies, as stated by the vendor. It supports both qualitative and quantitative risk assessment methods and provides customizable risk assessment templates to streamline the process. Users can evaluate risk likelihood, impact, and severity.

Risk Mitigation and Treatment: According to the vendor, Cura Enterprise Risk Management offers a range of risk treatment options, including risk avoidance, reduction, sharing, and acceptance. It provides tools for developing risk mitigation plans and monitoring their implementation. Organizations can assign responsibilities and track the progress of risk mitigation activities.

Risk Monitoring and Reporting: The vendor states that the software enables real-time risk monitoring capabilities, allowing organizations to track risks and associated controls. It generates customizable risk reports and dashboards, providing stakeholders with a clear view of risk exposure. Automated alerts and notifications ensure timely response to emerging risks, while risk trends can be tracked for identifying areas requiring additional attention.

Compliance Management: According to the vendor, Cura Enterprise Risk Management helps organizations ensure compliance with relevant laws, regulations, and industry standards. It provides a centralized repository for managing compliance requirements and associated controls. The software facilitates the mapping of compliance requirements to risks and controls, and enables the monitoring and reporting of compliance status.

Internal Audit Management: The software supports the planning, execution, and tracking of internal audit activities, as stated by the vendor. It provides tools for developing audit programs, assigning auditors, and scheduling audits. The software facilitates the documentation of audit findings, recommendations, and corrective actions, and enables the generation of audit reports and dashboards for management review.

Incident and Issue Management: Cura Enterprise Risk Management allows for the recording, tracking, and resolution of incidents and issues, according to the vendor. It provides workflows and notifications to ensure timely response and resolution. The software enables the analysis of incident data to identify trends and root causes, and supports the development of preventive measures to mitigate future incidents.

Policy and Procedure Management: The vendor states that the software helps organizations develop, distribute, and manage policies and procedures. It provides version control and approval workflows to ensure policy compliance. Employees can access and acknowledge policies and procedures, while the software supports the tracking of policy violations and the implementation of corrective actions.