Enterprise Risk Management (ERM)

An essential element of the strategic management of any organisation and should be embedded in the ongoing activities of the business.
Business intelligence
To succeed and stay relevant amidst the growing market volatility, one has to take calculated risks.

Every organization operating towards a set strategic goal and faces risks as well as opportunities on the way. Risk management involves understanding, analysing and addressing risk to make sure organisations make better decisions and achieve their objectives.

Every company must consider a variety of factors which includes internal and external that affect how well it can meet or exceed its stated goals. This collective ser of factors is commonly referred to as Enterprise Risk, and it’s the primary source of uncertainty in any business.

The most effective overall approach to identify and minimize risk is a process called Enterprise Risk Management (ERM). To succeed and stay relevant amidst the growing market volatility, one has to take calculated risks. It is also required to go beyond one’s comfort zone to gain a competitive advantage.

Critical risk-related business issues discussed in boardrooms and corner offices fall into three distinct categories—macroeconomic risk, strategic risk, and operational risk.
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Macroeconomic Risks

Company's economic growth are depend on many factors and one of them is economic and geopolitical situations. Company do fair better when the economy (global or domestic) is growing and they perform poorly when the economy is in recession. Macroeconomic risk simply refers to the risk of a slowing economy that could result in generally poor investment performance due to reduced aggregate demand, profit margins, earnings growth, etc.

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Strategic Risks

Strategic risks are defined as risks that are associated to external events and are generally not the transactional type that are characterized in financial management. Managing strategic risk is an essential activity for all businesses, whether you’re launching an innovative solution to market, or just trying to stay ahead of the competition. A risk management strategy can be developed and implemented by even the smallest of groups or projects or built into a complex strategy for a multi-site international organisation.

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Operational Risks

Drive better business decisions by better understanding your operational risks. Operational risk focuses on how things are accomplished within an organization and not necessarily what is produced or inherent within an industry. Operational risk summarizes the uncertainties and hazards a company faces when it attempts to do its day-to-day business activities within a given field or industry.

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Risk Management Solutions to Ensure the Future of Your Business

A comprehensive software solution designed on best practices configured to your business processes to apply uniform risk assessment frameworks across the risk landscape. By implementing a risk management solution and considering the various potential risks or events before they occur, an organization can save money and protect their future.

Risk Management Process

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Risk identification – What can go wrong?

Risks can apply to your workplace or from the particular work you do

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Risk analysis – How will it affect us?

Consider probability and impact to your operations – is it high or low?

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Risk control – What should we do?

Both to prevent the loss from occurring or to recover if the loss does occur

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Risk treatment – If something does happen.

How will you pay for it?

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Build, scale, and grow your business ideas with the best technology partner for your business!

Drive your business with our inspiring software services.

Identify, assess, and track your organisation’s risks with our cloud-based risk management software solution.

Toqsoft’s Risk Management software provides sites with a platform to customize risk evaluations and assessments based on industry-specific requirements. Built-in comprehensive dashboards with a wealth of qualitative and quantitative data that provide real-time risk insights.

  • Centralize and streamline your risk management program
  • Identify and manage risks across all contexts
  • Integrate risk management into all key organizational processes
  • Make fast, informed decisions to prevent and mitigate risks
Our Risk Management software provides a streamlined, structured approach to risk management and a central view of risk across the enterprise.
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Risk reporting must be instant and of high quality.

Enterprise Risk Management (ERM) reporting process, which is a systematic and structured framework for instant reporting and reviewing risk assessments.

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Manage risks always be as effective or cost-efficient.

Our ERM solution is cost-effective, is very flexible so it can be used for many risk management tasks, and the support is fantastic.

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Enterprise risk assessment process increase participation.

Enterprise Risk Management (ERM) are reducing surprises and improving performance and participation to achieve business objectives.

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ERM can contribute to successful and effective governance.

Enabling companies to better understand and measure those risks that threaten strategic objectives and helps quantify business governance.