Operational risk management software identifies, assesses, and addresses operational risks across all departments of a company. This type of software is used to prevent losses that may be caused by different factors such as human behavior, inconsistent processes, or issues related to technology. Companies use operational risk management solutions to define and implement strategies and plans required to streamline the management of operational risks. Compliance officers and managers from all departments of a company use operational risk management tools to share information and collaborate on risk mitigation and avoidance.
Operational risk management software is often implemented as part of enterprise risk management or governance, risk, and compliance projects. This type of software consolidates data from multiple systems such as ERP systems or accounting software. Operational risk management tools can be integrated with other risk management software such as IT risk management software or environmental health and safety software.
To qualify for inclusion in the Operational Risk Management category, a product must:
Oversight Insights On Demand™ is a web-based software solution that automates spending program compliance by comprehensively analyzing expense report, purchase card, and accounts payable transactions to identify fraud, non-compliant purchases, and wasteful spending. Through visibility into the interaction between policy and behavior, Oversight offers opportunities for ongoing improvement, and helps organizations transform how they are managing risks in their spending programs. Key Differentiators include: • Artificial Intelligence Based Analytics • Behavioral analytics for observing patterns and trends • Robust workflow with automated audit, communications, and root-cause tracking
Quality & Project Management for achieving and maintaining ISO 13485:2016, CE Mark or U.S.QSR (21CFR 820) for 510(K) Compliance Success. qmsWrapper integrates 5 separate software into 1 complete cloud based system, including Project, Risk, Document and Quality Management modules with built-in Team Messaging for the best Collaborative Compliance experience. Quality managers with little experience can easily step into the role and effectively start. Create safer, better, medical devices and get them to market faster.
Use Financial Reporting Compliance Cloud Service to optimize controls within and outside your financial processes using an integrated solution as part of your Oracle ERP Cloud deployment
AgenaRisk uses the latest developments from the field of Bayesian AI and probabilistic reasoning to model complex, risky problems and improve how decisions are made. You can use AgenaRisk to make predictions, perform diagnostics and make decisions by combining data and knowledge about complex causal and other dependencies in the real world. Our clients use AgenaRisk to model operational risk, systems safety & reliability, health risk, cyber-security risk and strategic financial planning.
iRISKTM is a risk-management platform to identify, quantify and prioritize risks and to formulate risk mitigation strategies over lifecycle (control strategy) for new or existing processes. It is built to ensure that your risk activities drive your Business Processes and are aligned with FDA, EMA GMP-Annex 15 and ICH guidelines.
Risk Insights Explorer is a simple-to-use solution that asks the right questions and provides results within plausible range estimates. Explorer provides a joined up view of your risk world providing decision-makers with greater visibility and confidence that everyone can understand and engage with.
At RiskTeq, we are passionate about safety. We're also passionate about software. Our thoughtful uniting of these two passions has resulted in a safety and risk management framework that delivers simplicity in a complex environment to embed your risk management culture in your organisation.