Risk Management

Effective and company-wide Risk Management requires the integration of all management tools.

Holistic Risk Management encompasses all activities for identifying, assessing, managing (including controls, precautions and measures) and monitoring all material risks, including reporting.

These processes are efficiently supported by STRATandGO™

By using Risk Management tools and a risk framework, companies can effectively identify and manage their risks. This process not only ensures compliance with legal requirements for a Risk Management and Internal Control System, but also helps to safeguard the company’s success.

Documenting the identified risks

STRATandGO™ supports all the functions of a sophisticated Risk Management system. The platform enables individually designed forms for recording and managing risks, as well as complex reports and dashboards, and of course everything builds on each other.

Need even more details when managing identified risks? No problem for STRATandGO™: create as many fields, properties, forms, graphics and one-pagers as your organization needs.

Risk mitigation plan

In STRATandGO™, risks can be recorded according to the organizational structure and evaluated individually or consolidated. With Risk Management and the assignment of an organizational unit, a Risk Mitigation Plan can be created, to plan necessary precautions and controls.

A dual view in STRATandGO™ allows to display a detailed overview, generate graphics in real time, and generate meaningful one-pagers:

e.g. several risk sheets per risk in A4 size, which contain all the important information, as a perfect preparation for the next audit or meeting.

Risk monitoring and control

With STRATandGO™, companies can carry out regular Risk Monitoring to ensure that risks are successfully minimized.

This includes monitoring the implementation of risk mitigation measures and reviewing the effectiveness of these measures. Customized dashboards support different types of graphs as well as risk matrices, whether to display 3×3, 4×4 or up to 10×10 dimensions and more.

Integration with all other STRATandGO™ solutions

STRATandGO™ as platform for the Digitalization of Corporate Management:

Full integration of all our solutions in one software. Need to manage and monitor risks and also their relevant controls? Navigate directly from the Risk Management (in red) to the controls of the Internal Control System (in orange).

Need to regularly assess and monitor the risks? Examine the appropriate controls directly in the Internal Control System, when assessing the risks. Be informed by automatic notifications if there is a need for action.

Features & Advantages

Definition of master data (-> risk policy)
Extensive drill-down functionality
Risk master
Risk key figures
Gross, net and target assessment (each with potential and probability of occurrence)
Risk development (without strategic measures)
Risk assessments and trends
Strategic measures (gross -> net)
Operational measures
Various comment options
Multidimensional risk analysis (financial, processes, reputation, environment, personnel)
Configurable risk matrix (various levels such as 4x4 up to 10x10) with dynamic color and symbol display
Individual and customized reports
Notification possibilities (emails)
Document integration / attachments: documents, PDF, Excel, images, ... (local or as hyperlinks and network paths)
Integration with all other STRATandGO™ solutions (PPM, RM, ICS, ...)