If not properly managed, enterprise-wide risk management can be an organisational and administrative headache that fails to deliver real benefits to your organisation.
4risk™ is a powerful, yet easy to use risk management platform that provides you with a complete picture of your organisation’s risk, mitigation and control assurance profile enabling the establishment of enterprise-wide risk management.
With features such as the ability to quickly formulate actions plans, create control frameworks, identify assurance gaps, record your residual risks 4risk™ provides you with a cost effect solution to the management your risk and assurance requirements - no matter the size of your organisation or number of locations.
Configurable dashboards can be set up for your users to provide them with an instant picture of their risks, controls, assurance and actions. Clickable, interactive charts allow users to drill right down into the sub-data to provide them with greater detail and insight.
Alongside standard reports, 4risk™’s report building facility allows bespoke reports to be developed to meet your exact reporting requirements, allowing them to be amended, saved and reconfigured quickly as and when required. Reports can be output in Microsoft Word, Excel, Powerpoint and PDF formats.
4risk™ uses a logical approach to data entry, enabling information to be entered and updated quickly and easily. The interface will reflect the specific user profile dependent upon the users needs and role.
Since purchasing and implementing the 4risk portal across our organisation, SAHA has seen a marked and positive change in the way we scope, manage and report business risks.
Salvation Army Housing Association
4risk™ allows your organisation to detail the controls relied upon to reduce risk and also create control frameworks for regulatory and standard compliance. Once controls are captured you can map the sources of assurance and schedule periodic reviews where you can assign a RAG rating (or any other colour combination) to each assurance source – giving you even greater control.
4risk™ has an action tracking facility for when your organisation needs to take further action to reduce a risk, improve control or obtain assurance. The status of the organisation’s actions can be tracked and reported through the dashboard or by using the powerful report building facilities.
4risk™ has the capability to issue automatic reminder emails to the owners of risks, controls, assurances and actions to ensure they are prompted to undertake updates and reviews. The software maintains a full audit trail of all interactions with the system.
'4risk and 4action have been a very good investment. The most important feature of the tool is that it provides a repository for all risk management activities and internal audit monitoring.'
Dr Rosa Scoble, Director of Planning, Brunel University'Before 4risk, the college’s risk registers were recorded in tabular format using a word processing program. Our aim when purchasing 4risk was to increase the college’s risk management maturity, and thanks to the Insight4GRC team, we have taken a huge step towards this goal.'
Ben Kelly, Risk and Assurance Manager, Leeds City College'RSM Risk Assurance Services supported us to review and refresh our risk management policy and our approach to using the 4risk software, giving us a more joined-up approach to risk management mapped to our organisational and governance structures.'
Bangor University, Michael Wilson, Head of Planning & Student Data
RSM is one of the largest providers of risk management advisory services in the UK. We work with over 650 clients across all sectors and understand, and can address, the challenges that organisations face.
The 4risk™ software includes consultancy support to set up your risk management system and to ensure that it meets your organisational needs. We also provide full training, all software upgrades and access to our dedicated help desk.
We are here to support you and to ensure you get the most value from our software. We are dedicated to providing an accessible, friendly and experienced contact to engage with during the year, whether it be through six monthly review meetings or when meeting other user of the platform.
Insight4GRC™ is a cost effective governance, risk and compliance software (GRC) suite in use by over 250 clients across the private, public and third sectors as well as a large number of central government departments and agencies.
The suite of modules provides management teams with the tools needed to monitor and control performance, assess organisational risks, track assigned actions, enable employee awareness and facilitate company policy acceptance.
Visit our Insight4GRC™ overview page >
Our other Insight4GRC™ modules:
4policies™ : Policy management system – Find out more >
4action™ : Action tracking and recommendation system – Find out more >