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A Process Approach to Risk Management
Rules for compliance, risk management and
similar issues continue to be of great concern to many organisations
confronted with the questions, how to contain the costs, efforts
and risks involved. iGrafx helps companies comply with Basel II
or Solvency II in a managed, controlled and cost effective environment.
Confidence through Process Management and Control
Modeling, management, tracking and control of the complete enterprise
(processes, people, strategies, responsibilities as well as rules,
costs and components) provide the basis for successful risk and
compliance management. To monitor risk-relevant processes, to improve
them and make them easily understood is, however, seldom the main
task. Such efforts are synonymous with BPM and related Enterprise
Architecture, IT Security and Performance Management initiatives.
To be effective, change management requires rigorous validation
of approaches prior to implementation. Planning, and with it successful
implementation requires the systematic testing of ‘What-if’
scenarios
iGrafx solutions have been helping companies improve process efficiencies
for nearly two decades. With the increase in regulatory compliance
requirements, companies now have a mandated catalyst to becoming
process-centric organisations. iGrafx can help companies meet the
requirements of rules like Basel II or Solvency II in a structured,
controlled and secure way.
iGrafx offers a complete risk management solution that puts ease
of use, capabilities and security where they are needed. Through
its modular architecture, companies can ensure that process owners,
IT and risk management specialists have the tools they need to contribute
to process excellence, without unnecessary capabilities or uncontrolled
access that could create conflict with the requirements.
iGrafx also enables companies to integrate their risk management
requirements with their other process-improvement initiatives such
as Six Sigma, Lean and Enterprise Architecture. By providing a single
process excellence platform, iGrafx helps companies leverage their
efforts to document, improve and manage business processes to deliver
superior return on investment.
iGrafx risk management solutions enable companies to increase transparency
and optimise their risk control:
- Monitoring the performance of KPI’s (Key Performance
Indicators)
- Individual cockpit control accessed quickly and easily from
your web browser
- Multidimensional and cross-functional views of your enterprise’s
structure
- Overview, analysis and control of adherences and their impacts
- Traffic light control and supervision providing early-warning
indicators which enable intervention and initiation of immediate
corrective measures
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