AGE Suite Risk Management is a solution designed to help organizations implement a risk management system with an integrated approach, according to the principles of Enterprise Risk Management. This risk management software, in a completely agile manner, ensures effective and efficient management of its business model, also monitoring the conditions of uncertainty and the related risks/opportunities.
AGE Suite Risk Management provides strategic management with a dashboard that allows for "timely" access to relevant information regarding risk management, capable of supporting informed decision-making during the definition of objectives, and also enables the monitoring of business performance in accordance with the standards ISO 31000, ISO 9001, ISO 14001, and ISO 45001.
The necessity
Today, companies find themselves having to make decisions in an increasingly shorter time frame. For this reason, the "risk culture" can no longer be a secondary value in business management, as it is an absolutely binding condition for long-term economic-financial and asset balances. Therefore, investing in risk management means investing in business resilience and business continuity.
The product
It is proven that in today's highly competitive markets, the following factors often make the difference:
- ability to face changes
- ability to seize opportunities
- stabilization of financial flows
In order to achieve these objectives, as corporate risk management software, AGE Suite Risk Management serves as a strategic operational tool for the identification and recognition of all risks, for the analysis and qualitative assessment of such risks, for the analysis and identification of the most suitable decision-making strategies to apply in the company, etc.
As a risk management platform, the system operates as Context Analysis software capable of implementing risk identification, in particular:
- strategic risks
- financial risks
- security risks
- compliance risks
- environmental risks
- asset risks
- product risks
- process and project risks
The implementation of an "Enterprise Risk Management" approach brings numerous benefits such as:
- improves the overall risk management system
- guides management in the phase of identifying possible risks / opportunities (thanks to a comprehensive database provided)
- contributes to improving the effectiveness of corporate reporting with a dashboard that promptly informs of any deviations from the established corporate objectives
- provides an overview of exposure to the main risk factors and opportunities
AGE Suite Risk Management as ERM software helps management in identifying the context and in its strategic assessment. This allows for increased capabilities to seize business opportunities through a “Risk Opportunity” approach (aimed at risk remuneration) and not just “Risk Mitigation” (aimed at risk reduction).
AGE Suite Risk Management software also perfectly adapts to the real business needs since the value of a company significantly depends on the overall level of risks taken.