BWise Loss & Incident Database can be completely tailored to your organisation’s wishes. The solution ensures that all relevant information regarding individual incidents and related events is registered and can be used for analysis. BWise Loss & Incident Database, based on best-practice models, offers:
BWise Loss & Incident Database is part of the complete BWise Governance, Risk and Compliance (GRC) platform. This platform includes all the necessary technical possibilities for a scaleable state-of-the-art GRC platform. BWise Loss & Incident Database is fully integrated in the GRC Platform
– as are solutions in the area of risk and control, from the corporate level down to the level of the various operating companies, units and departments within an organisation. This uniquely integrates the BWise Process Documentation Technology by bringing process documentation to a higher level than the typical solutions. The BWise GRC platform also offers Risk Assessment Technology, ERM Dashboard technology, and control testing functionalities including the acquisition of electronic proof and open assessments. All of these options are integrated in a unique GRC platform.
In addition to the Loss & Incident Database solution, BWise offers a component that calculates the Value at Risk: BWise Risk Analysis. This calculation is required by law in the financial sector, but also offers significant value in other sectors. The Value at Risk calculation uses a Loss Distribution
approach, including Monte Carlo simulations and scenario analyses that can be used in combination with the Loss Distribution in the Value at Risk calculation.
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