ERM System
Build a coordinated approach to enterprise risk management with an ERM system that brings risk identification, assessment, ownership, treatment, monitoring, and reporting into one connected environment. LaserGRC helps organizations organize risk information, link exposures with controls and requirements, manage response activities, and maintain visibility across the enterprise.
What this solves for enterprise risk management teams
Dispersed Risk Management
Bring risk records, assessments, mitigation plans, and supporting information together instead of relying on disconnected spreadsheets, documents, and departmental systems.
Complex Risk Coordination
Create structured processes for managing risks across business units, operational areas, strategic initiatives, and other parts of the organization.
Untracked Risk Responses
Maintain visibility into mitigation activities, assigned responsibilities, target dates, and unresolved tasks associated with enterprise risks.
Incomplete Enterprise Oversight
Give management and risk stakeholders a broader view of risk exposure, treatment progress, control coverage, and areas requiring additional review.
Enterprise Risk Registers
Maintain organized records of risks, categories, descriptions, owners, ratings, status, and other information required for ongoing risk management.
Risk Assessment Programs
Coordinate structured assessments across departments and business areas while maintaining results, review history, and supporting documentation.
Risk & Control Mapping
Connect risks with controls, policies, processes, and obligations to provide greater context around existing mitigation and governance measures.
Risk Treatment Management
Document response strategies, mitigation activities, corrective measures, responsible owners, and target completion dates.
Risk Monitoring
Track changes in risk conditions, ratings, treatment progress, assessment outcomes, and other indicators through defined review cycles.
ERM Reporting
Provide consolidated reporting on risk exposure, ownership, assessment activity, mitigation status, and outstanding actions for relevant stakeholders.
How an ERM system supports the enterprise risk lifecycle
Evaluate the Existing ERM Framework
Review current risk processes, taxonomies, assessment methods, ownership models, reporting practices, and governance expectations.
Configure the ERM Structure
Establish risk categories, scoring criteria, workflows, responsibilities, relationships, and other framework elements required by the organization.
Organize Existing Risk Data
Consolidate risk records, assessments, mitigation plans, control relationships, and supporting documentation into the configured system.
Launch ERM Workflows
Activate processes for risk capture, assessment, treatment planning, approvals, monitoring, reviews, and follow-up.
Validate System Operations
Test user roles, workflows, assessment processes, reporting, notifications, and other configured components before broader adoption.
Improve ERM Operations
Use ongoing reviews, reporting insights, and stakeholder feedback to refine the ERM framework and keep risk processes aligned with organizational needs.
FAQs
(Frequently Asked Questions)
What is an ERM system?
An ERM system is a technology platform that helps organizations manage enterprise risks through structured processes for identifying, assessing, responding to, monitoring, and reporting on risk.
What does an ERM system typically manage?
An ERM system can manage risk registers, assessments, risk ownership, treatment plans, controls, action items, monitoring activities, supporting documentation, and risk reporting.
Can an ERM system support different business units?
Yes. An ERM system can be structured to support risk activities across departments, business units, processes, and organizational functions while providing centralized oversight.
Does an ERM system connect risks with controls?
Yes. LaserGRC can link risks with relevant controls, policies, requirements, and remediation activities to provide additional context around how identified exposures are being addressed.
How does LaserGRC function as an ERM system?
LaserGRC helps organizations centralize risk information, coordinate assessments, establish ownership, manage risk responses, connect risks with controls, monitor activities, and produce reporting for enterprise risk oversight.
Create a more organized way to manage enterprise risks from initial identification through assessment, treatment, monitoring, and review. LaserGRC helps connect risk information with controls, responsibilities, actions, and reporting within a centralized ERM environment.
