BWise enables an enterprise to identify risks and structure a defined framework based on a risk library, company’s objectives, business processes, the relevant threats and control measures. BWise supports your organisation in creating and managing an inventory of risks. These may be based on industry templates BWise can provide for your organisation’s particular industry or sector. As a result, the measures that the business must take and implement, in order to minimise risks are subsequently defined.
Risk Management is not possible if an enterprise’s staff is unaware of the defined risks. BWise
enables a company to assess the level of risk; simultaneously with the risk identification process or on a regular basis on known existing risks. BWise Risk Assessments provides insight into threats, vulnerabilities and existing measures, and enhances risk awareness among management and employees.
A cost benefit analysis and scenario analysis can also be produced in the BWise platform and will aid in decision making and mitigating actions.
Based on the understanding of risks, business monitoring plans are typically implemented. BWise assists in this process. The platform offers insight into your business’ current risk profile anytime, anywhere. Where required business processes can be subsequently optimised as a result, contributing to the reduction of risks.
BWise offers transparent reporting, including performance and risk indicators. This enables an enterprise to initiate improvement projects, to manage various business processes and optimise risk management. The integrated BWise platform includes many instruments to monitor risks, including loss and incident management, key risk indicators, control testing, continuous controls monitoring and various assessment techniques. Based on one single platform, the level of integration is unsurpassed.
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