ENTERPRISE RISKS AND CONTROLS MANAGEMENT SOFTWARE SOLUTION

Unknown to Known . Risks to Opportunities

Strategically manage Enterprise level risks

Lawrbit’s Enterprise Risk & Controls Management Software connects risks to origin, designed controls, evaluation, evidence; allowing 360o view of Enterprise wide risks with real-time, intuitive reports and dashboards for CXOs & auditors to proactively identify process gaps and take timely corrective actions

Strategically manage Enterprise level risks

Integrated Approach Towards Enterprise Risks & Controls Management

An effective risk management strategy focus on tying all risk sources, entities, functions together; enabling the risk officers protect business interests while bringing process owners spread across locations collaborate. Lawrbit’s ERM Software:

Define group level risks & controls.
Trickle down to business, entity & functional level, while allowing them to add their specific risks & controls.
Identify risks by source of origin or globally recognized frameworks (COSO, COBIT, etc.)
Assess risks against various dimensions using multiple configurable aspects viz, impact, likelihood, etc.
Configurable & Scalable. Each business can be operate independently, yet connect with common thread; creating Risk Organogram across group

Improved Processes, Workflows

Intuitive & user friendly interface makes it simple for users to interact with system to provide quality information on timely basis

Adopt best practices to improve internal processes
Effectively engage process owners, leaders through an interactive interface and powerful workflows
Allocate risks and controls across enterprise, between functions, locations and process owners
Define evaluation frequency, generate ad-hoc evaluations, sample size depending on nature and criticality of risks
Automated notifications & reminders to control owners when an evaluation is due or pending
Maintain consistency and efficiency in data gathering, follow up on action plans and reporting

HIGHLY CONFIGURABLE, FAST TO IMPLEMENT

Risks are dynamic, iterative and responsive basis business environment; so shall be an effective ERM. Lawrbit’s ERM system is highly configurable to your organization.

Configurable, no coding, drag-n-drop options allows for unique tailoring to your business
Administer your program to adapt the system to your business; add, edit, reallocate risks and controls in accordance with changing business needs
Attach and link policies, SOPs or other documents to risks; enabling user to understand better
Role based access control at each level
Supports both top-down and bottom-up assessments to summarize risk profile of a business or organization

Document Management

Define type of documents and maximum size of documents allowed to be uploaded
Advance search for download basis multiple parameters; download multiple documents
User can upload multiple documents, tag them as Evidence, Supporting doc & Working Sheet
Add Confidentiality tag for each document
Temper proofing of document - Once uploaded, deletion, modification not allowed

Gain Insights With Analytical Reports & Dashboards

Interactive dashboards with drill down, trend charts, location & function wise heat maps
GeographicalHeat Map with drill down
Custom view for CXOs & board with their own views for direct access risk data in the system
Link strategic risk to today’s operations and save weeks of report preparation.
Establish risk governance and issue reporting framework with clear accountability for users and risk executives through “Matrix Report”, an innovative report builder
- Create & save multiple report templates
- Schedule report for auto mailing

Value Added Innovative Features

Integrated Ticket Centre allowing users to raise support tickets, get resolution, rate responses
Manuals, Videos to help user learn system
User can customise Notification, Reminder settings; define frequency & periodicity
Internal chat Application: Users can chat with other active users, leave offline messages
Audit Trails for every action by user & User rights, settings by Admin
Contact Directory with user details

SYSTEM & DATA SECURITY

Dedicated to ensure you’re fully secured when accessing our service. With evolving threats, we have taken multiple measures to avoid unauthorized access & ensure secure data in transit and at rest

Application Hosting & Infrastructure

Hosted on AWS DC in Mumbai; can be hosted in any of 70+ Availability zones in 24 Regions in accordance with Data Localisation requirements
Certified with security protocols ISO27001, ISO27017, ISO27018, SOC1/SOC2, PCI-DSS
Using Full Stack of Services by AWS to ensure data security & application performance - CloudTrail, Elastic Compute Cloud, Simple Storage Service, Relational Database Service , Identity & Access Management, Multi-Factor Authentication Config, CodeCommit, CloudFront & Many More

Architecture & Process Control

2 Factor Authentication to protect identity
Role Based Access Controls
Software Development level Security protocols
Strong Password Policy with 180 days expiry rule
Risk/Vulnerability Assessment and Remediation
- Automated & Manual Software Testing
- Periodic Internal and 3rd party audits
- Change Management
- Process in place mitigate Security Incidents
- Security Training for Employee