Features
Risk Delta is a smart integrated risk management system that can take your organization right to the very top of the Risk Management Maturity curve. Improving your operational efficiency and enhancing risk analysis capabilities, encouraging more awareness and a pro-active attitude towards risk. Check out the features Risk Delta offers you and your organization.
Control environment
In your organization the control environment is the foundation on which an effective system of internal control is built and operated. Risk Delta has features designed to support your control environment by:
- Embedding organization structure and ownership
- Create insights with convenient process, risk and control perspectives
- Advanced options for implementing risk appetite on different levels in your organization
- Quickly attach process information and process flows for future reference
Risk Assessment
In practictice, risk assessment is a delicate process that identifies possible (external) events or inadequacies that might cause internal processes, people or systems to fail. Risk Delta includes the following features for proper risk assessment execution:
- Brainstorming outside your risk universe
- Detailed risk register with all essential information
- Newly identified risks can be added in no-time
- Convenient risk visualization in a dynamic heatmap
- Selection filters to scope on risks that require focus
- Operational incident and loss registration
Risk response
Based on the previous risk assessment an organization needs to determine actions, to enhance opportunities and reduce threats to the organization’s objectives. Risk Delta makes decision making on a proper risk response easy with the following features:
- Quickly select a risk response and automatically see its calculated effect on your risk profile in real-time
- Risk response options easily adapted to your framework
- Risk profiles are designed with a built-in rating system that shows the calculated risk
Controls
Risk Delta provides features to design and assess control measures, reduce risks and assuring the achievement of your organization’s objectives. Controls can also be aimed at meeting operational quality, effectiveness, efficiency and reliability targets or assuring compliance with law, regulations and policies. Our product enables your organization to:
- Set up controls on any level in the organization
- Easily link controls to risks and include reduction factors into risk profile calculations
- Show risks including controls vs. risk targets in a dynamic risk heatmap
- Evaluate risk mitigation and control cost
Control monitoring
Controls play an important role in reducing your organization’s risk profile. To ensure effective operation, controls should be tested regularly. The Risk Delta control monitoring module offers:
- Rich analytical capabilities to assess the operational effectiveness of controls
- Detailed evidence database per reporting cycle
- Advanced test planning and resourcing
- Assess impact of control deficiencies
- Real time test tracking and alerts
Information & communication
Risk Delta is designed with results in mind. In the end you need insights and a decent overview of your risks, controls and developments over time. Our product is built on advanced performance management technology with features that enables you to:
- Get a fast overview of risks on different organization levels in dynamic dashboards
- Hierarchical drill-down and roll-up risk reports from entity level to business function
- One click Excel, PDF and RCM file exports
- Fast report customization
- Supports internal and external audits (ISAE, SSAE, SOC 1, SOC 2)
- Action tracking to ensure issues get assessed and resolved
Advanced workflow
In addition to all the comprehensive functionality Risk Delta has to offer, we also included robust workflow functionality. Our workflow system is very flexible and can be easily adapted to your needs. Workflow can be enabled on any part of Risk Delta with:
- Extensive user access management
- Support for any process within the organization
- comments
- Tasks can be delegated throughout the organization to personal inboxes
