Operational Risk Management
Manage your critical operational and compliance risk with ease.
While there are many definitions of Operational Risk Management (ORM), we find the simplest are the most accurate. To put it simply, ORM is the identification and assessment of risks of losses resulting from inadequate or failed internal processes, human errors, system issues, or external events. ORM assessments are integral to all processes, products, projects, regulatory compliance efforts, and systems. When ORM assessments are completed, they can help the organization achieve objectives, mitigate financial losses, circumvent reputation damage, and avoid business disruption.
apogee iQ’s ORM module provides the required organizational view of risk and controls and removes the burden and complexities of administering your program.
Benefits:
- Improved efficiency and effectiveness
- Organized processes to remain on task
- Reduced losses and avoidance of adverse risk events
- Streamlined organization-wide risk assessments, controls tracking, and reporting
- Improved regulatory compliance
Increase your visibility and understanding of the risks you face while easing the administrative burden of managing these efforts across your organization. Contact us today to view a demo via the link below.
Operational Risk
The risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. This type of risk is inherent in all products, activities, processes and systems. When operational risks are realized they can cause business disruption, failure to achieve objectives, financial loss and reputational damage.
The full apogee iQ suite includes:
- Enterprise Risk Management (ERM)
- Operational Risk Management (ORM)
- Vendor Management (VM)
- Document Management
