Enterprise Risk Management Process Software
Streamline the processes used to identify, evaluate, treat, monitor, and report enterprise risks with centralized software. LaserGRC helps organizations structure risk workflows, coordinate ownership, connect risks with controls and requirements, track response activities, and maintain a consistent view of risk management processes across the business.
What this solves for enterprise risk management teams
Disjointed Risk Processes
Connect risk identification, assessment, treatment, monitoring, and reporting activities within a structured workflow instead of managing each stage separately.
Manual Risk Coordination
Reduce reliance on spreadsheets, email-based follow-ups, and disconnected documents by providing defined processes for assigning, reviewing, and updating risk activities.
Delayed Risk Response
Improve visibility into mitigation tasks, responsible owners, due dates, and unresolved activities so risk responses can be followed throughout their lifecycle.
Limited Process-Level Visibility
Help stakeholders understand where risks stand within the management process, which activities are complete, and where additional attention is required.
Risk Identification Workflows
Capture risks from business processes, strategic initiatives, operational activities, regulatory requirements, technology environments, and other sources.
Risk Assessment Processes
Coordinate evaluations using established criteria, scoring methodologies, review schedules, and approval workflows.
Risk Ownership & Accountability
Assign responsibility for individual risks, assessments, treatment activities, reviews, and related follow-up tasks.
Risk Treatment Management
Document response strategies, mitigation measures, controls, corrective actions, target dates, and progress toward risk treatment objectives.
Risk Monitoring Cycles
Schedule and manage recurring reviews to update risk information, reassess exposure, and track changes in the risk environment.
ERM Process Reporting
Monitor assessment progress, risk status, treatment activities, outstanding actions, and other process indicators through centralized reporting.
How enterprise risk management processes operate in LaserGRC
Map Existing Risk Processes
Review current risk identification, assessment, treatment, monitoring, reporting, ownership, and escalation practices.
Design the ERM Process Model
Define risk categories, workflow stages, assessment rules, responsibilities, approval paths, and review cycles required by the organization.
Organize Risk Information
Consolidate existing risk registers, assessments, mitigation records, controls, action plans, and supporting documentation.
Configure Process Workflows
Set up workflows for risk intake, evaluation, approvals, treatment planning, monitoring, reassessment, and follow-up.
Validate End-to-End Operations
Test user roles, workflow transitions, assessment processes, notifications, reporting, and escalation mechanisms across the risk lifecycle.
Continuously Refine the Process
Review workflow performance and stakeholder feedback to improve risk management processes and keep the ERM framework aligned with organizational needs.
FAQs
(Frequently Asked Questions)
What is enterprise risk management process software?
Enterprise risk management process software is a platform designed to organize and automate the workflows used to identify, assess, treat, monitor, and report on risks across an organization.
How does ERM process software differ from a risk register?
A risk register primarily records information about risks, while ERM process software can manage the broader workflow around those risks, including assessments, ownership, treatment actions, reviews, approvals, monitoring, and reporting.
Can ERM process software support recurring risk assessments?
Yes. LaserGRC can help organizations establish recurring assessment and review workflows, assign responsibilities, capture results, and maintain historical risk information.
Can the software track enterprise risk treatment activities?
Yes. LaserGRC can help teams document mitigation strategies, assign action owners, set target dates, monitor progress, and maintain visibility into outstanding treatment activities.
How does LaserGRC support the enterprise risk management process?
LaserGRC helps connect risk identification, assessment, ownership, treatment, monitoring, and reporting within a centralized GRC environment, while also allowing risks to be associated with controls, requirements, and remediation activities.
Create a connected workflow for managing enterprise risks from initial identification through assessment, treatment, monitoring, and reporting. LaserGRC helps teams coordinate responsibilities, track risk responses, and maintain greater visibility throughout the ERM process.
