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Home > Solutions > Commercial Systems > Areas of Interest > Dynamic Bus Process Mgt > Enterprise Risk Mgt
In an increasingly dynamic, competitive marketplace, a complex array of risks is bombarding a business at any point in time. Yet most corporations are unable to gauge the total picture of their changing risk exposure. Some see an annual snapshot; others see only the risks in individual departments. ASI provides a solution to this problem with Chief Risk Officer (CRO) Associate, a revolutionary approach that helps take risk management out of a company’s functional and informational silos.
Eliminating Gaps That Expose Your Enterprise
CRO Associate is designed to eliminate the gaps and inconsistencies that result from a technology-restricted approach to risk management. It will enable companies to dynamically and automatically manage all risks important to the business from an enterprise-wide perspective as conditions change. This is a far better alternative to manual ERM solutions, or even effective but isolated niche systems.
Applying ASI’s breakthrough Associate Systems technology and causal modeling, CRO Associate takes enterprise risk management (ERM) to a new level. Best of all, the solution is customized to your organization, intelligently and dynamically providing quantifiable benefits.
How CRO Associate Revolutionizes Risk Management Across The Enterprise
- Provides a common framework for multiple types of risk – managing portfolios of key risks for the enterprise, organization parts, strategic objective and risk type
- Ensures ongoing risk monitoring and assessment
- Enables businesses to continually adapt to new and emerging situations
- Escalates awareness of critical risks through dynamic alerts and action tracking
- Dynamically recommends appropriate risk mitigation actions
- Ensures ownership and follow-through of risk response strategies
- Shares risk information vital to the organization by interfacing with niche processes (i.e., claims management, market trading, etc.)
- Uses causal modeling to test “what-if” scenarios and forecast risks that statistical analysis can miss
Collaborating with ASI’s Knowledge Engineers
ASI’s experts will work with companies to identify the risks, drivers and relationships that impact your strategic objectives. These factors will be incorporated into a dynamic solution that is easy to install, easy to customize and easy to use.
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