TORRE
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From the publisher website or publicity Companies are under pressure throughout the world to ensure that their businesses are well controlled so that stakeholders’ interests are safeguarded as much as possible. Audit committees and ethic committees review different aspects of companies’ operations from a semi-independent, or at least objective standpoint. What they tend to lack is a tool that reports to them and to management on the risks facing the business and also the controls that are in place to mitigate those risks. TORRE provides management with the confidence that they are managing the risks, exploiting them where they can, and mitigating them where they need to. UK companies have to state that they have reviewed the controls over their business, that they have done so from a risk management perspective and they have also covered off areas which should not normally result in unforeseen losses but which have the capacity to, eg payroll, accounts payable and other areas that may not come up in an enterprise level risk assessment. At business unit level it allows users to…
At risk manager level it allows users to… * Review newly recorded risks and incidents. *Review and set up risk diagnosis feedback. *Review and set up risk indicator feedback. *Create and manage the central database of risks. *Set up and run online risk workshops. *Allocate risk projects to risk champions. Overall it… *Enables risk questionnaires to be automatically produced. *Focuses on objectives not just risks. *Allows ongoing risk review. *Allows risk project creation and allocation. *Allows historical review. *Enables the process to be operated and controlled in-house. |
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Vendor: DMH Solutions |
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