Enhancing Business Performance with MetricStream Operational Risk Management Software

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Enhancing Business Performance with MetricStream Operational Risk Management Software

Comprehensive Risk Management Discipline

MetricStream Operational Risk Management software is designed to provide a comprehensive set of capabilities that enable organizations to follow a robust risk management discipline. By leveraging the MetricStream Platform, this software promotes a pervasive approach to operational risk management (ORM) and fosters collaboration across all business functions, from executives to risk managers and business process owners. Through the utilization of an effective ORM tool, businesses can drive risk-intelligent, real-time decisions that accelerate business performance and reduce losses.

Key Features for Enhanced Risk Management

The MetricStream ORM software offers a range of essential features that support effective risk management practices. It includes a centralized repository and risk framework that allows organizations to define business objectives, processes, risks, and controls, facilitating smarter risk management. Additionally, the Risk Control Self-Assessment (RCSA) feature enables accurate risk visibility by allowing users to plan, schedule, and manage risk and control assessments seamlessly. This tool also supports capturing, analyzing, and remediating internal risk events and losses, ensuring compliance with industry regulations such as Basel Accords.

Monitoring and Analytics Capabilities

With MetricStream ORM software, organizations can benefit from dynamic key metrics monitoring for ORM optimization. This includes measuring and closely monitoring key indicators for risks, controls, and performance, setting thresholds for potential threats, and enabling correlative analyses between various key metrics. The software leverages AI-powered issue management to reduce redundancies and enhance issue classification. Additionally, it provides risk quantification and analytics functionalities to safeguard critical investments by defining risk parameters and calculation rules.

Actionable Insights and Reporting

The MetricStream Operational Risk Management software offers organizations expansive risk views through intuitive graphical dashboards and reports. Users can gain a 360° view of their ORM program, access real-time information through role-based landing pages, and leverage interactive executive dashboards and heat maps for deeper insights. The software also enables users to deliver forward-looking risk visibility with predictive risk metrics and indicators, thereby reducing losses, driving agility, and supporting risk-based decision-making.

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