Essential ERM

What is Essential ERM?

Essential ERM is a web-based enterprise risk management tool that empowers organizations across 20+ sectors and 70 countries to streamline the process of identifying, assessing, and mitigating top business risks. With its intuitive interface and guided workflows, the system enables business users to effectively manage risk without prior risk management experience. The tool distributes risk management tasks among the management team and automatically aggregates the input to generate comprehensive reports. It aligns with industry-standard COSO and ISO risk frameworks, providing powerful features like risk bow tie analysis, risk appetite thresholds, and strategy-centric risk management, while keeping the complexity manageable for users

Highlights

• Automated risk data collection and reporting to reduce manual effort for ERM managers
• Dynamic risk visualization capabilities, including heat maps and risk bowtie analysis
• Alignment of risks to strategic objectives and business outcomes
• Automated workflow and email reminders to ensure timely follow-up on risk mitigation actions
• Upcoming features for risk voting and multi-portfolio risk management