Risk Management

Management and conformity, your organisation gains an exceptional tool for reporting current risk exposure. Its main functions include:

Risk Library

Flexible definition of risk library

Risks linked to Company Structure elements

Link risks vs company objectives

The collection of various risk potentially affecting the business - an assessment that identifies a significant hazard that should be recorded in writing, and the measures needed to control the risk

  • Gainside enables to define and describe risks affecting your organization. This flexibility will help you to ensure that your risk register most precisely reflects your organization's needs. To achieve efficiencies for most popular risks you can utilize system's predefined risk register.
  • Gainside has a unique functionality that allows linking each risk to your entreprise: legal entity, department, IT sytem, physical location, etc. By doing that you will obtain a very precise risk map that will enhance efficiency and effectiveness of your risk management process.
  • Additionally with Gainside you will be able to link risks to the objectives of your company. This will give you an ability for on-going reporting of risk exposure vs. those objectives.

Risk Scoring

Flexible definition of risk scoring parameters

Risks score summarized per Company Structure element

The assessment of the quantitative and / or qualitative measures to determine the level of risk associated with a specific hazard. This process defines the probability and severity of an undesirable event that could result from the hazard.

  • the parameters describing the risk (e.g. credit, operational, market, liquidity, concentration) as: credit risk - contractor's rating, our credit engagement during sales, timing, market situation; operational - our internal processes efficiency, IT system stability, frauds; market - FX i interest rate that affects our operations; concentration - the % of biggest suppliers and customers in relation to the whole suppliers and customers
  • assessing risks against various risk dimensions using configurable impact and likelihood scales and powerful workflows to ensure correct data gathering and management sign-off and manage action plans
  • quantitative analysis and scenario analysis as a result of advanced calculation capabilities

Live Risk
Monitoring

Integarted incident reporting tool

Integrated loss reporting tool

Integrated audit issue monitoring

Risk monitoring control as the process of keeping track of the identified riks, monitoring risks and identifying new riks, ensuring the execution of risk plans, and evaluating their effectiveness in reducing risk.

  • reporting using configurable reports and dashboards with drill down heat maps, risk trends, top risks with risk overviews and all relevant details regarding all incidents
  • reporting using configurable reports and dashboards with drill down heat maps, risk trends, top risks with risk overviews and all relevant details regarding losses expressed in a currency, other measures
  • reporting using configurable reports and dashboards with drill down heat maps to monitor the internal audit issues - adequacy, implementation, and performance with respect to risk controls within all aspects of the firm's businesses

Versatile and Flexible
Risk Reporting

Risk score per company structure

Heatmap per company structure

Comprehensive risk reporting tool to present risk per company structure in various manners

  • enables to present the risk scores expressed in %, number or letter per company structure as business line, department, operational entity, product, other set-up structure
  • enables to present the heatmap in a form of the diagram per company structure as business line, department, operational entity, product, other set-up structure

Regulatory Compliance
Risk

Flexible definition of regulatory risks

Regulatory risks linked to Company Structure

Regulatory risk scoring

Regulatory compliance describes the goal that organisations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws and regulations

  • Ryzyko, że zmiana w prawie lub regulacjach i stotnie wpłynie na bezpieczeństwo, spółkę, sektor lub rynek. Zmiana prawa lub regulacji dokonana przez organ rządowy lub regulacyjny może zwiększyć koszty działalności biznesowej, zmniejszyć atrakcyjność inwestycji i/lub zmienić konkurencyjność środowiska
  • Pozwala na zajęcie się różnego rodzaju ryzykiem zidentyfikowanym podczas badania struktury spółki jako linii biznesowej, działu, jednostki operacyjnej, produktu, innej struktury
  • Pozwala na przedstawienie oceny ryzyka procentowo, liczbowo lub słownie jako konsekwencję braku dostosowania do regulacji

Business Continuity
Risk

Business continuity risk
linked to Company Structure

Business continuity risk
rating per Company Structure

Business continuity planning
per Company Structure

Business continuity reporting
per Company Structure

Business Continuity Risk Management is a process that identifies potential impacts that threaten an organization in a future and provides a framework for building resilience and the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities enables to present the risk per Company Structure:

  • damage property such as fire, flood and earthquakes
  • stop all or the majority of staff from working such as sickness, strikes, transport stoppage
  • put staff and property at risk such as terrorist actions and threats
  • stop the organisation being able to process work such as the loss of systems, networks and the failure of key suppliers
  • enables to rate the risk per Company structure as business line, department, operational entity, product, other set-up structure
  • enables to plan the risk per Company structure as business line, department, operational entity, product, other set-up structure
  • enables to present the risk per Company structure as business line, department, operational entity, product, other set-up structure

BT&A Audyt Wewnętrzny Sp. z o.o., ul. Grzybowska 87, Concept Tower 00-844 Warszaw, PL
Telefon: +48 22 379 70 32, +48 601 951 001, email: michal.kozlowski@btagroup.pl