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Risk management standards have been developed by several organizations, including ours. These standards are designed to help organizations identify specific threats, assess unique vulnerabilities to determine their risk, identify ways to reduce these risks and then implement risk reduction efforts according to organizational strategy. Now we need a software that defines risk in various operational areas to come up with a standardized method for solving these high-risk events. I have shortlisted a few providers but still needs additional inputs. Your suggestions will be much appreciated.
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Are you referring to a business solution software like an an ERM or an enterprise risk management? If I'm correct with it, my advice is to consider one that is a cloud based and allows flexible risk management tracking. This should not only covers risk management but also compliance and sustainability. -
Thanks! Cloud based software is really a consideration. Anyway, we have discussed getting an ERM software from a provider although, we would prefer to look into other providers as well just to keep our options open.
We would want to choose what is deemed suitable for our needs because we intend to use the solution for a long term basis. Also, it will also be great to read a first hand review of the possible service provider to be on the more objective side.Comment
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