Enterprise Risk Management Solution
Coordinate enterprise-wide risk activities through a structured solution for risk identification, assessment, ownership, treatment planning, monitoring, and reporting. LaserGRC helps organizations bring business risks, risk responses, responsibilities, and review activities into a more connected framework for ongoing risk oversight.
What this solves for enterprise risk teams
Fragmented Risk Information
Organize risks from different business units, functions, and operational areas within a consistent structure rather than maintaining disconnected risk registers and documents.
Inconsistent Risk Assessments
Support repeatable approaches for evaluating risk likelihood, impact, exposure, and other assessment criteria across the organization.
Unclear Risk Ownership
Associate risks with accountable owners and relevant stakeholders so responsibilities for evaluation, treatment, monitoring, and follow-up are easier to maintain.
Limited Enterprise Risk Visibility
Help leadership and risk teams review current risk conditions, treatment activities, unresolved issues, and changes across the broader organizational risk landscape.
Enterprise Risk Registers
Maintain structured records of strategic, operational, financial, compliance, and other organizational risks.
Risk Assessments
Document risk evaluations using defined criteria, scoring approaches, assessment cycles, and review processes.
Risk Ownership & Accountability
Assign responsibility for individual risks and connect owners with the activities required to manage and monitor them.
Risk Treatment Plans
Document mitigation strategies, planned responses, action items, target dates, and progress associated with identified risks.
Risk Monitoring & Reviews
Support recurring risk reviews and maintain updated information as risk conditions, assessments, and response activities change.
Enterprise Risk Reporting
Organize risk information into reports that help stakeholders review exposures, treatment progress, open actions, and overall risk activity.
How an enterprise risk management solution supports risk oversight
Assess the Existing Risk Environment
Review current risk registers, assessment methods, ownership models, reporting practices, and organizational risk requirements.
Establish the ERM Structure
Define risk categories, business areas, assessment criteria, ownership roles, and other foundational elements of the enterprise risk framework.
Organize Existing Risk Data
Structure existing risk records, assessments, treatment information, and supporting documentation within the solution.
Configure Risk Management Workflows
Set up processes for risk assessments, approvals, treatment planning, reviews, action tracking, and reporting.
Validate the ERM Framework
Test representative risk scenarios and review workflows with relevant stakeholders to confirm that the configured approach supports operational needs.
Refine Continuous Risk Management
Adjust assessment cycles, reporting requirements, ownership structures, and monitoring practices as the organization’s risk environment develops.
FAQs
(Frequently Asked Questions)
What is an enterprise risk management solution?
An enterprise risk management solution is software that helps organizations manage risks across business functions through structured processes for identification, assessment, ownership, treatment, monitoring, and reporting.
What types of risks can an enterprise risk management solution manage?
Organizations can use an ERM solution to organize strategic, operational, financial, compliance, technology, third-party, and other categories of enterprise risk, depending on their framework.
How does LaserGRC support enterprise risk assessments?
LaserGRC helps teams structure risk assessments, document evaluation results, assign ownership, maintain assessment records, and support recurring reviews.
Can an ERM solution track risk treatment activities?
Yes. An ERM solution can provide a structured way to document risk responses, assign mitigation actions, establish target dates, and monitor progress.
How does LaserGRC help with enterprise risk reporting?
LaserGRC helps organize risk information so teams can review risk records, assessments, ownership, treatment activities, open actions, and other relevant information for management and governance reporting.
Bring risk identification, assessment, ownership, treatment planning, monitoring, and reporting into a structured environment. LaserGRC helps organizations maintain a clearer view of risk activities while supporting consistent processes across business functions.
