Modern business operations are intricate interplays of people, processes, and technology. Risks escalate when teams operate in isolation. This isolation often results in process silos, leading to lapses and communication breakdowns. With Archer Enterprise & Operational Risk Management as your centralized hub, your risk management program gains a holistic framework. It enables your organization to systematically identify, assess, and monitor risks across the entire enterprise. Discover how Archer can bolster your operational risk management program today.
Bring consistency to risk management
Standardize your organization’s risk management process and establish a common risk language, measurement approach, rating scales and reporting.
Improve decision-making
Help leaders at all levels make more informed decisions by providing a clear, consolidated and consistent view of risk.
Create a culture of accountability
Get the right information into the right hands to reduce risk and drive accountability for risks to individual business unit managers.
Resources
Use cases
Risk catalog
Archer Risk Catalog allows you to record and track risks across your enterprise and establish accountability for them.
Enterprise risk management
Document your organization’s risks and controls with archer enterprise risk management.
Risk assessment management
Implement a consistent risk assessment program to more effectively identify operational risks within your business with Archer Risk Assessment Management.
Loss event management
Track and report on loss events, perform root cause analysis and establish accountability across your enterprise with archer loss event management.
Key indicator management
Manage the key indicator lifecycle to monitor and report on insights to business risks with archer key Indicator Management.
Operational risk management
Gain an enterprise-wide view of operational risks with Archer Operational Risk Management, enabling business managers to consistently identify and manage risks and controls.
FAQs
How does enterprise risk management (ERM) and operational risk management (ORM) work together?
ERM and ORM work together by integrating strategic and operational risk management, with ORM feeding detailed operational risk information to ERM for a comprehensive risk management approach.
What is enterprise risk management (ERM)?
Enterprise risk management (ERM) is a comprehensive framework that addresses an organization's aggregate risk, encompassing operational, strategic, financial, and compliance risks.
What is operational risk management (ORM)?
Operational risk management (ORM) is a continual process of identifying, assessing, and mitigating risks arising from an organization's day-to-day operations and business workflows.
What are the main types of operational & enterprise risk?
The main types of operational and enterprise risks include financial, market, operational, reputational, compliance, strategic, and external event risks.
What is operational risk management software?
Operational risk management software is a tool that streamlines the process of identifying, assessing, and mitigating operational risks, often providing features like risk assessment, control monitoring, and reporting capabilities.
What is enterprise risk management software?
Enterprise risk management software is a comprehensive platform that helps organizations identify, assess, and manage risks across all levels, often including features for risk assessment, scenario analysis, and integrated reporting.
