Functionality
Please Note - the below is not a comprehensive
list of functionality. |
ERA
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ERA Lite
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| Tailor your assessment to reflect your risk structure and
make your assessment as relevant as possible |
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| Create your own fields and labels, control
which functionality is available |
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| Distribute your tailored assessment model to your business
units for completion by the designated people within those business units |
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| Set security levels - when a number of people are involved
in the assessment process you can set security so that people can only see
the risks that are applicable to their particular area |
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| Corporate Risk Profiling - the ability to scale the risk assessment
of an entire file to represent the importance and weighting of the particular
business unit to the overall organisation. This allows for all files to
be put into perspective, providing a more accurate corporate assessment
of Risk |
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| Use Account Balances (Financial Values) to evaluate the risk |
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| Key
Performance Indicators (KPIs)/Risk Indicators |
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| Optional Financial Loss Events Module - enables you to capture
and record detailed, comprehensive financial information about loss events,
and report on them |
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| Heatmaps showing comparative risk data |
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| Ability to link treatments to controls to account for treatments
that are indirectly related to risks |
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| What-if analysis on Controls and Treatments |
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| Control Effectiveness - ability to assess the effectiveness
of controls at Risk level. This allows the user to assess how effective
the chosen controls are for that Risk. This information is also graphed
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| Ability to number Risks uniquely, not based on any Risk Areas
or Objectives they are linked to |
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| Ability to categorise your Risks |
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| Graphical evaluation of risk using Risk Matrices |
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| Use automated Microsoft ® Word forms to gather information
from both internal and external sources |
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| Accumulate and compare risk data from across the entire enterprise/group
using the consolidation tool |
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Compare only
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| Audit trail on all consequence and likelihood fields |
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| Planning tool to assist you in the current and future planning
of assessments |
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| Use the 'Alert' functionality to keep a check on progress
on Controls, Treatments, Action Plans etc |
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| Microsoft ® Word and HTML reports |
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| Standards/Legislation/Methodologies/Recommendations |
ERA
|
ERA Lite
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| Assists you in meeting the requirements for the Sarbanes-Oxley
Legislation |
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| Assists in meeting the Basel
requirements |
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| Incorporates the AS/NZS
4360:2004 Standard |
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| Supplied with COSO
models to use within the tool |
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| Monte-Carlo Simulation for quantification of Risk |
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| Prebuilt risk management data models (incorporating the PRINCE
II Methodology, ISO/IEC
17799:2000) for Project Management, Procurement, and Corporate Governance
(models are sold separately) |
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| Solutions |
ERA
|
ERA Lite
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| Standalone |
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| Workgroup |
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| Enterprise
Wide |
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