Business operations today are a complex mixture of people, processes and technology. The risks you face are magnified when your teams are not working together. Worse yet, risks fall through the cracks as siloed processes lead to gaps and miscommunications.
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.
USE CASES
A full complement of use cases for multi-faceted challenges
Risk catalog
Archer Risk Catalog allows you to record and track risks across your enterprise and establish accountability for them. It lets you take a top-down, qualitative approach to assessing inherent and residual risk and enables a three-level rollup of risk, from a granular level up through enterprise risk statements.
Top-down risk assessment
Document your organization’s risks and controls with Archer Top-Down Risk Assessment. Perform risk assessments on new products and services, business processes, and mergers and acquisitions; execute automated risk assessment campaigns using pre-built forms; and manage and report on identified risk issues and remediation progress.
Bottom-up risk assessment
Implement a consistent risk assessment program to more effectively identify operational risks within your business with Archer Bottom-Up Risk Assessment. Document projects and create questionnaires from the extensive library and conduct fraud assessments and risk assessments of new products, services, business processes or M&A targets.
Loss event management
Track and report on loss events, perform root cause analysis and establish accountability across your enterprise with Archer Loss Event Management. Automate the review and analysis workflow for loss events and manage the end-to-end loss event lifecycle.
Key indicator management
Manage the key indicator lifecycle to monitor and report on insights to business risks with Archer Key Indicator Management. Establish and monitor metrics related to each business unit within your organization. Associate metrics with risks, controls, strategies, objectives, products, services and business processes to monitor quality assurance and performance.
Operational risk management
Understand the business context of risk with an aggregated, enterprise-wide view of operational risks. Archer Operational Risk Management helps you engage business managers in using consistent methodologies to identify and manage the risks and controls under their purview.
Enterprise risk management
Manage risks to strategic business objectives for an edge in today’s competitive market. Archer Enterprise Management helps you consolidate all risks into one view across your enterprise for reporting and analytics, and to help prioritize limited resources. Capture loss events and perform root cause analysis, document and monitor key risk indicators, and perform risk assessments.