Adding Value to Operational Risk Management (pdf)

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Operational risk and operational risk management continue to be a topic of interest across industries. There are many positive changes that are influencing operational risk management activities and supporting how organizations mature their ORM programs. Structuring data, data analytics, digitization, and topics like machine learning are creating new opportunities for operational risk management.

One constant that helps enable the operational risk process and addresses both the positive and negative events facing an organization is an integrated risk management or GRC (Governance, Risk, and Compliance) software platform. Pulling together the tactical aspects of operational risk management is cumbersome for risk management and the business without GRC software. In this whitepaper, we discuss the advantages of using GRC software to visualize your complete risk profile.