Risk Management

An efficient third-party onboarding process is one where they can self-register with necessary information relevant to your review process.

When risk is addressed holistically using technology and automation to streamline processes, risk management becomes a proactive process and yields better results.

A medical device manufacturer selected NAVEX’s GRC platform, NAVEX IRM, to address the company’s challenge with IT risk, audits and information security. Over the course of eight months, the company used NAVEX IRM to accomplish their goals.

Business continuity management (BCM) helps organizations predict and prepare for business interruptions to minimize their impact. Address the unpredictable nature of business interruptions with a solution that focuses on predictive awareness and adaptive actions to minimize the impact of interruptions.

Once a risk management solution is in place, it’s important to mature the program so it integrates across multiple functions to address risk holistically. With risk originating from across the organization, involvement from multiple stakeholders helps ensure the program is meaningful and impactful.

Third-party risk must be addressed holistically – and addressing aspects of risk such as cybersecurity and IT risk is more important now than ever.

Establishing a common language that works across risk management silos can be a powerful tool for executing an organization-wide strategy.

Customers want and need to have relationships with companies that deliver their products and services regardless of any disruptive event. Operational Resilience is recognized as the model to maintain a firms’ brand despite disruptions and service degradations.