Risk Management Insights

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Risk Management Software, Internal Audit

Internal Audit and Enterprise Risk Management

"Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations" as defined by The Institute of Internal Auditors Australia. It holds numerous benefits for improving an organisation's risk management systems and procedures due to its systematic and disciplined approach. 

Internal audit plays an important role for organisations to improve management and accountability and provide assurance to key stakeholders that the organisation is governed effectively.

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Key Risk Indicators, Risk Management Software, Internal Audit

Enterprise Risk Management Software and the Internal Audit function

The Internal Audit function has always been an integral part of any organisation, giving independent comfort to stakeholders that the governance and the control environment are operating as expected and and in an effective way. As part of that work, recommendations to improve systems and processes are often provided.

The starting point for any risk-based internal audit is to understand the risks associated with key business functions or processes, and the controls that mitigate either the likelihood of the risk occurring or its impact.

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Risk Management Software, Protecht Culture

The Agility of Risk Management Software

You might be forgiven for thinking that those who provide Risk Management software must be cautious and plan out their product and their activities to the finest detail before setting out to develop quality product. In fact, I would argue that an agile approach to software development is the only way to fulfil client expectations in general and is perfectly aligned with a risk management culture in particular.

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Risk Analytics, Risk Reporting, Risk Management Software, Video

Improve your risk management insights using Historical Models

In this video, Matthew Lee talks about how Protecht.ERM's historical models provide users with a better view of their enterprise risk management data.

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Risk Management Software, Protecht Culture, Video

How we use the Agile Methodology to help our clients

Protecht's People & Culture Manager, Cassie Thomson, talks to the Chief Technology Officer, Peter Walker about how the development team adopted the Agile Methodology to benefit our clients.

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Enterprise Risk Management, ERM, Risk in Motion, Risk Management Software

Enterprise Risk Management - Connecting the Dots. RiskInMotion

Connecting the dots (in this case, the risks).

It has been a bit of a journey over the last 15 years. At Protecht, we started with the vision of a SaaS enterprise risk management solution that allowed connection of risk to the core components of what was back then, considered an ERM framework. This meant that our central library of risks was not only used in the risk and control assessments but also linked to key risk indicators, attestations and incidents. This enabled our client base to get a more fluid picture of risk and was the genesis of the RiskInMotion™ concept.
 

What was missing back then was the business intelligence engine to bring it all together.

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Risk Management Software

How much do additional modules cost in Protecht.ERM?

In this video, Alf Esteban talks about one of the questions we get asked the most.

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Enterprise Risk Management, Risk Management, Risk Analytics, Risk Management Software

Seven ways to improve your Risk Management Process using Protecht.ERM's latest features

This article is written with all the Risk and Compliance professionals like you in mind. Are you a junior, an analyst or a Chief Risk Officer? Your title really doesn't matter - we are sure you will relate to at least one of the challenges, questions, frustrations, and solutions we are sharing here - at least that is our goal!

My colleague, Stéphane Seguin, Head of Development at Protecht, and I are part of a team that develops technology responses to the problems and frustrations our clients face every day. We are constantly working to make their life easier by improving Protecht.ERM to make the risk management process smoother and simpler.

How do we do this?  By making the interface more user-friendly and improving the design every day.

This article explains the latest features we have added to Protecht.ERM and real scenarios that show how these changes can impact your job in a positive way. 

We have created seven features that respond to specific challenges you might be facing. Can you relate to some of the situations below? Have you ever experienced these issues? 

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Risk Management Software

Useful Tips to Improve Commercial Credit Risk Management

Operational_Risk_Management_4.jpgMaintenance and improvement of credit risk management practices by banks and lenders have become a top priority. Let us share with you some tips to improve lender's insights into credit risk and take appropriate measures to maximise the risk/return profile.

How efficient is your collection and monitoring of covenants?

1. Review and monitor covenants

Covenants are conditions agreed to by the borrower as part of a loan term in commercial loans.  If they are effectively monitored, it can provide lenders with an early warning of loan deterioration. 

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Risk Management Software

Looking at Treasury Management Systems? 10 Key Areas to Analyse

Copy_of_Risk_1.jpg

Protecht is a leading provider of Risk Management software. If you are interested in a cost effective Treasury Management System, then take a look at the interview with Erik Gates. As Director of Prudential Investment Services Corp, Erik explains how Protecht is enhancing his business in a highly competitive industry. 

The Treasury function is becoming increasingly important to organisations for making informed decisions to manage their risks. Many organisations are looking at how they can optimize the performance of their treasury departments.

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