Increasing impacts and fines for compliance breaches have put managing risk at the forefront of strategy for many organisations. Cardinus has launched Risk Management Plus to provide an automated process that drives a standard approach to managing compliance across business, bringing with it the benefits of transparency, efficiency and a higher level of confidence in the legality of the business.
Cardinus Risk Management Plus brings together all the major components required to ensure a proven and trusted solution to risk and compliance management by providing a risk-based approach to compliance. Risk Management Plus provides an automated compliance platform that will:
- Define risk items, controls and requirements and enable tracking and reporting of risks.
- Report risk incidents and link to risk items and controls.
- Highlight any areas of non-compliance that could impact business objectives.
- Track the current state of compliance and risk in real time.
- Provide a single view of compliance and risk enterprise wide.
- Reduce management overhead and cost.
- Provide a defensible audit process in case of incident investigation.
Commenting on the launch, Andy Hawkes, CEO of Cardinus said, “The launch of Risk Management Plus sees Cardinus move into the strategic risk space. A number of clients have asked us to develop our software to help them manage all aspects of risk, whether safety, legal or compliance so we are delighted to have responded to that demand.”
At the heart of Risk Management Plus is a powerful risk register, which is central to any effective risk management process. Risk items, risk controls and risk incidents can all be recorded categorised and sorted. Risk items are allocated to ‘risk owners’ and risk controls can be entrusted to other individuals, departments or third-party suppliers.
Jon Abbott, Sales and Marketing Director, added, “Risk Management Plus is a logical and smart solution that works alongside your existing processes and procedures – our clients know how their business works. Our software enables them to efficiently manage and report risk within their organisation. It does not force the client to change procedures and processes.
“We’re very proud of what we have built and very excited about what it will do for our customers.”
The secure software, built using the latest Microsoft .NET framework, offers detailed dashboard charts, alerts and powerful reporting so users and senior executives can get instant access to key information. Risk Management Plus is designed to be easy to use and does not over-complicate the subject, according to Cardinus.
Mr Abbott added, “This is much more than a digital data store. Our simple risk scoring matrix shows risk exposures pre and post controls, allowing risk owners at all levels of the business to monitor progress and take appropriate action. Risk Management Plus is smart enough to provide automatic risk reviews, audits and reminders for control due dates.”
Cardinus has been developing effective risk management programmes for more than 15 years. Its customers include many of the world’s leading organisations, central government departments and unions.
For more information about Risk Management Plus and other Cardinus products telephone 020 7469 0200 or visit the website at www.cardinus.com.