Enterprise Risk Management  

Organizations today cannot eliminate risk completely. Rather, they need to be proactive in assessing and managing risk to their own advantage. Managing risk requires adherence to frameworks and regulations such as ISO31000 Standard, AS/AS/NZS4360 Standard, King III Codes, Basel II, Solvency II, Sarbanes-Oxley, COSO, and COBIT. Cura’s ERM Solution uniquely meets these needs across all departments in organizations.

Some of the key challenges organizations face today when implementing ERM include applying a common risk language, linking ERM to strategy, reporting, accountability, buy-in, and accurate measurement. The use of spreadsheets for ERM does not meet the security, accessibility, audit-ability, and user scalability in today’s corporate environment.

At Cura, we view risk not only as a negative but also as an opportunity for organizations. Managing risk can be done successfully if done with the right information system, culture, strategic and tactical processes.

Cura ERM’s Five Tactical Themes.

• Enforce Accountability.
• Link risk management to decision making.
• Embed and integrate risk management in business processes.
• Communicate risk and risk treatment widely.
• Manage organizational and individual performance for ERM. 

With Cura's Enterprise Risk Management (ERM) Solution you can:

• Manage your risk within one flexible, configurable solution. Cura is flexible and configurable to support your unique business requirements. It provides you with easy access to your information with the ability to configure custom workflows, calculations, multiple methodologies, a limitless hierarchy, and ‘virtual parameters' to normalize reporting.  Cura allows you manage bottom up analysis (e.g. operational risk) as well as top down approaches (e.g. enterprise risks)
  
  
• Obtain Clarity Through Convergence. Cura enables managers to improve insight and oversight of the issues and exposures of the business at a strategic level. All information is represented in a common, normalized scaling, rating and scoring mechanism. Actions, trends and treatment strategies that affect or ‘creep' across multiple business disciplines and areas can be identified and treated.
  
  
• Work in Virtual Autonomy. While providing a high level of clarity through convergence, Cura enables each department to make use of the tool and track its data in its own unique workflow, data parameters, calculations, metrics and libraries. This allows staff to retain responsibility and independence in their business areas, while preserving the ‘bigger picture.' 

• Deploy Easily and Quickly. Cura can be deployed in an on site or  hosted environment, as well as in modules. An investment made in Cura today will serve your organization well into the future as you will be able to leverage Cura's modules across Compliance, IT Audit/Security, Control Self Assessment and other uses.

• Invest for the future. Cura ERM serves as the foundation for your organization to grow towards full GRC maturity. Other Cura GRC Suite modules offer compliance management, surveys for RCSA, ethics, compliance and more, audit management, quantitative risk modeling and scenario planning as well as organization-wide event and GRC data capture solutions.  All of these modules are fully integrated with Cura's GRC Platform.

Cura ERM Features Include:

• Alignment with popular Frameworks.  Cura ERM encompasses all the key ISO31000 recommendations an organization must adopt and manage in order to align themselves with the framework’s requirements, all in one easy to understand, consolidated process and methodology. In addition, Cura supports COSO and other frameworks. 

• Comprehensive Data Model.  Cura ERM covers all elements of risk management such as : Risk and Controls, Cause & Consequence, Treatment Plans, Objectives and Events, each segmented and cross linked for complete and custom risk profiling.

• Fully Configurable by the Customer.  The solution can be configured in terms of its fields, rating scales, naming conventions and layout to support your organization’s specific risk management model. So you can use best practise, strict alignment with standards or align the solution to meet your internal program and goals.

• Intuitive Web User Interface.  Cura ERM utilizes an intuitive interface which makes navigation, data management, searching and the general user experience efficient and effective.

• Powerful Reporting and Dashboards.  Cura ERM has a comprehensive suite of graphical, text and analysis reports designed to deliver real time risk management data as well as trending and snapshots. All reports are configured with customer branding.  Reports and dashboards can be exported to PDF, Work, Excel and text, and support advanced functions such as filtering capabilities. Reports and Dashboards can be configured by customers using the report writer tool.

• Complete System Security. Cura ERM has a sophisticated security infrastructure to manage permissions, system access, reporting accessto users and groups. Users can easily be added, removed, migrated across groups and monitored by the system administrator.

The Complete ERM Solution:

• ERM Consulting.  Cura can provide ERM consulting using its BridgeWork service and in conjunction with consulting firms.  Cura has relationships and partnerships with the world's leading risk consulting firms to ensure that the customer always obtains the best theory, practise, process, frameworks and maturity for their ERM programs. 

• Deployment.  Cura's services team, led by project managers and business analysts will ensure that from scoping to configuration, change management, staging, training and final 'go live', you have the requisite skills, experience and handholding, coupled with the governance and project management on hand.

• Training.  Cura provides comprehensive user guides and system manuals as well as on premise and off premise training which can also be customized to your needs. Cura takes system sustainability and user support one step further by offering a complete set of video tutorials to all users. These short videos can be published online so users can use them to refresh their knowledge of  how to perform certain system functions. 

• Support.  Cura maintains both local and global support options for its customers that extends to critical 24/7 global support options.  In addition, Cura's SaaS environment and on premise solutions allow for customers to utilize Cura's ongoing consulting and support service and regular health checks.

Resources:

• Case Studies
• ERM Brochure
• BridgeWork Service

For more information e-mail us at : info@curasoftware.com