Risk Proof

Score8 out of 10

1 Reviews and Ratings

What is Risk Proof?

Risk Proof, a PwC Product, aims to enable organizations to act quicker to stay on top of the ever-changing world of financial risk. It streamlines risk assessments into a single platform, in order to make the entire process visual, interactive, trackable and actionable. The vendor states users will spend less time on manual tasks and more time knowing what risks and controls to focus on, to help increase protection.

Categories & Use Cases

Media

Screenshot of Prevent tomorrow’s threats today

Verified User

Consultant in Information Technology (10,001+ employees employees)

Use Cases and Deployment Scope

Data-based reporting for previously flagged clients, suppliers, vendors, and collaborators eliminates the risk of getting into potential frauds or crimes like tax evasion, money laundering, and many other unethical or illegal practices.

Pros

Data based visualization
Open source for data gathering
Thorough risk assessment

Cons

More market reach
More tools for decision making by boardroom
Lesser price for more client base

Most Important Features

Reporting
Dashboard
Open source

Return on Investment

Helped determining risks for ongoing deals
Helped in Decision making process in board meetings
Negative: Added some cost to the project

Other Software Used

Oracle Cloud ERP, MS SharePoint, Workday Human Capital Management