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Strengthen Organizational Resilience
Operational risk permeates every organization and every internal process. Operational Risk Management, part of the Lockpath Solution, identifies the top risks confronting your organization and helps you make proactive, data-driven decisions to strengthen your operational resiliency.
Looking to Get Started with ITRM & TPRM? Access Our Toolkit.
Preventative Software To Turn Operational Risk Into Operational Resilience
Understand Your Business
Confirms your operations are meeting regulatory and industry standards and your workforce understands and adheres to your policies and procedures. Conducts risk assessments to identify and gather risk-related information on people, processes and technology. Maps risks to controls, processes, compliance mandates, and business objectives for a holistic view of risk to the business.
Reduce Management Time and Effort
Leverages a central risk register to manage risks and track exceptions. Develops simple or complex workflow processes to submit, review and approve exception requests with automated alerts, notifications, and reminders. Utilizes assessments to gather, organize, and report on critical risk-related information from the people who work most closely with the associated assets and business processes.
Monitor and Adapt To Change
Centralizes all risk data from multiple risk domains and turns it into actionable information. Monitors, analyzes and treats risk using virtually any risk management methodology. Monitors KPIs and KRIs and links them to performance metrics. Manages the incident life cycle and implements corrective action plans.
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Operational Risk Management
Streamline and automate processes for managing risks that impact company operations. Use Lockpath to identify, assess and monitor operational risks, as well as achieve value by tying them to company objectives. Lockpath also brings efficiency to incident management and provides robust reporting.
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