| Managing organizational risk is currently the leading concern for senior executives and directors at government agencies. Increasing regulation, legislation, transaction volumes and rapidly evolving technologies are driving the expansion of increasingly complex risk profiles.
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The Challenge
To achieve the greatest worth out of a GRC program, agency directors and senior executives must balance the need to transfer the ownership of risks, controls and remediation programs to line management while maintaining a strict monitoring and reporting program at executive level. |
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The Solution
Enterprise Risk Assessor (ERA) Federal is an integrated web-based GRC solution that will allow you to devolve responsibilites for risks & controls to the people who are in the best position to monitor and assess them, while maintaining complete control at executive level.
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Government Legislation
ERA will assist you to pull together information from a variety of sources for reporting against key regulatory drivers, including:
- The CFO Act of 1990
- The Government Performance and Results Act of 1993 (GPRA)
- The President's Management Agenda
- The North American Electricity Reliability Corporation (NERC)
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Reporting
There are over 300 standard reports in the software; these can be produced in Microsoft Word, Excel, HTML or PDF. The report templates can easily be configured to suit your unique organizational reporting requirements
Sophisticated sorting, filtering & graphing capabilites ensure that all agency managers have ready access to key information in a format that makes sense to them. |
Smart & Secure
Maintaining the delicate balancing act between devolving ownership of Risks & Controls to line management while maintaining overall control is a difficult task.
ERA contains a number of features that will give you the confidence to hand direct control of risks & controls to your line managers while maintaining overall control at executive level:
- Business Rules - Preset tolerance levels & establish email alerts for whenever the levels are breached.
- Generic items - Establish generic risks & controls to ensure mandatory assessment of them by all line managers.
- Automated reporting - Reports are automatically generated and emailed at a predetermined date & time, or after a business rule is activated
- Security - Security in ERA is impressive. The system administrator is able to completely control the level of assessment information users can see and change.
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Internal Audit
The key to ERA's effectiveness as an Internal Audit tool is that auditors conduct their audits using the same assessments as line managers - there is no duplication of information and no concern that pertinent information is withheld from your auditors
The security in ERA provides complete independence between the line managers' and the auditors' assessments.
The powerful reporting and graphing tools provide management with clear and concise reports on the auditors' findings |
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