Product Functions

XeroRisk can be configured to suit most business risk processes, and where necessary it can be extended to suit specific business needs. Ease of use is the mantra, as without it, any business system falls into disuse and the business loses control of its risk governance.

As businesses become more and more complex, legislation increases or regulatory pressures are brought to bear, the need to acknowledge and control risks becomes ever greater. Risks are essential, businesses cannot thrive without taking risks, but without understanding those risks and the potential impact they bring, businesses are in danger of being subject to uncontrolled costs and other damages.

XeroRisk addresses this by ensuring that risks are controlled and that risks that are being neglected are brought to the attention of the risk managers, business executives or local risk co-ordinators.

Key Functions

• Business Hierarchy Modelling: Define your business structure and ensure risks are managed in the most appropriate area of your business. Sub-hierarchies can be created and managed independently, but XeroRisk always ensures you have a global view of your risk governance process and exposure.

• Support for Subcontractors & Partners: Identify risks posed or mitigated by your partners, suppliers, customers etc. Assess in real-time the level of exposure your business faces and manage your partners accordingly

• Security: XeroRisk has a flexible security model allowing you to control how your risks are viewed and by who.

• Flexible Risk Assessment: Define the categories most appropriate to your business. Where necessary, you can mandate use of additional financial assessments or hide features where they are not required.

• Audit Trails: Maintain full audit trails of the risk activities undertaken within the XeroRisk system, including the ability to record reasons for change within the audit record.

• Analysis Tools: Built in reporting and graphing tools are provided for users to analyse basic risk reports, including the ability to export reports and data to Microsoft Excel.

• Escalation Rules: Identify and flag risks or issues that need escalating as action plans are missed or because senior management decisions are required. Auto-escalation prevents risks becoming stale or "lost".