Risk Management

Identify risks to your business, evaluate them through online assessments and metrics, and respond with remediation or acceptance.

Archer Risk Management enables you to proactively address reputational, financial, operational and IT risks against your corporate objectives. This web-based solution delivers a central management system for identifying risks, evaluating their likelihood and impact, relating them to mitigating controls and tracking the resolution of findings. Based on the COSO Enterprise Risk Management – Integrated Framework, Archer Risk Management allows you to build a risk repository tied to objectives, supporting metrics and loss events. You can then deliver targeted risk assessments to evaluate identified risks within your environment and manage the remediation or acceptance of assessment findings. With Archer, you have the tools to implement your unique enterprise risk management methodology—automating, streamlining, measuring and reporting at every step of the process.

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Through Archer Risk Management, you can:

• Identify and Monitor Potential Risks

  Build a registry of potential risks, documenting their source and nature, impacted business units and stakeholders, and related corporate objectives, key risk indicators and mitigating controls. Also maintain a repository of qualitative, quantitative and trending metrics, and relate those metrics to potential risks. Additionally, automate the collection of data to support your metrics, and monitor trends in that data.

• Track Financial Losses as Risk Intelligence

  Document loss events that represent actual risk to your business, capturing event impact, Basel II category, detection source, control factors, root cause analyses and remedial activities to prevent future occurrences. Also relate loss events to statements of potential risk in the Risk Register to quantify the likelihood and impact of risks.

• Employ a Master Library of Assessment Questions

  Utilize more than 7,000 pre-loaded risk assessment questions, all of which are mapped to authoritative sources, control standards and control procedures within the Archer GRC Content Library—enabling powerful risk and compliance reporting. Also import your own questions and assign correct answers, numeric score values, weighting and other attributes.

• Deliver Targeted Risk Assessments

  Take advantage of pre-loaded questionnaires for quarterly risk reviews, fraud assessments for FACTA compliance, and risk assessments against your information assets, facilities, devices and applications. Also build new questionnaires within minutes, and define rules to show or hide questions based on attributes of the object, person or process the end user is assessing. Launch online risk assessment campaigns automatically, triggering emails to end users who can complete their assigned questionnaires with no prior training.

• Generate and Resolve Findings to Reduce Risk

  Score assessments automatically and generate findings for each incorrectly answered question. The system will automatically route findings to the appropriate personnel, who can mitigate them through remediation tasks or exception requests. As findings are addressed, the Risk Management solution automatically calculates residual risk.

• Report on Your Organization’s Risk Profile

  Gain a meaningful understanding of enterprise risk from a variety of perspectives, including questions, targets, business units and corporate objectives. The solution provides predefined reports and heat maps for analyzing your risk profile, and you can easily create ad hoc reports and dashboards to provide your executive leadership and board of directors with clear visibility into key risk indicators and actual loss events.

Benefits of implementing Archer Risk Management include:

• Consistency and Flexibility

  A standardized approach to identifying, evaluating and responding to risk with the flexibility to make overrides as necessary without custom code

• Adherence to Your Own Methodologies

  The ability to model and evaluate risk in a way that makes sense for your organization using sophisticated and dynamic calculations

• Holistic View of Risk Exposure

  A complete view of exposure across your business gained through the relation of risks to many different objects (controls, corporate objectives, processes, facilities, technologies, etc.)

• Time and Cost Savings

  The ability to transform isolated, manual processes into an integrated, automated risk management program, saving time and expense across your organization

• Rapid Return on Investment

  Quick time to value from a solution that you can implement out of the box (using predefined access roles, workflow, reports, dashboards, etc.) or easily tailor to your needs through point-and-click configuration

• Deployment Flexibility

  The freedom to choose an on-premise, software as a service (SaaS) or managed service deployment and to move the solution from one environment to another as your needs change

Take advantage of the following Archer Risk Management resources:

• Risk Management Video Demo

  See Archer Risk Management in action in this short video demonstration, which you can view and share with your colleagues at your convenience.

• Risk Management Data Sheet

  Get more details on the Archer Risk Management solution—a centralized, automated tool for assessing and responding to risks that impact your business.

• GRC Webcasts

  Take a deep-dive tour of Archer’s solutions through our one-hour webcasts. Participate live or request a recording to view at your convenience.

• Archer Case Studies and Testimonials

  Hear from Archer’s clients why they have been so successful in solving governance, risk and compliance challenges through Archer solutions.

• White Paper

  Learn about Archer’s platform approach to enterprise governance, risk and compliance.

• Archer Live Chat

  Chat live with an Archer representative to get more information or to set up a private demo of the Risk Management solution for you and your team.