ReadiNow GRC and Audit
ReadiNow Real-time Risk Assessment Identifying organisational risks initiates the risk management process. ReadiNow risk assessment gathers information about an organisation’s critical assets across all business units, divisions and departments locally and globally.
The ReadiNow Risk Assessment includes Governance, Risk and Compliance [GRC] with the convergence of IT security risks and physical risks through to infrastructure risks.
Combining the robust risk management processes and implementing the three integral concepts of a holistic security process; protection, detection and reaction, gives you the benefit of real-time risk assessment online. GRC can provide stakeholders with improved visibility to eliminate silos across divisions and enables you to quickly identify and remediate the most urgent or costly risks.
ReadiNow GRC Platform
ReadiNow GRC platform eases the burden on organisations for regulatory compliance and simplifies the management of regulatory compliance (such as Sarbanes-Oxley (SOX), Basel II, AS/NZ4360, ISO31000 and COSO among many others) and aids IT governance.
ReadiNow GRC is an integral part of the enterprise business resilience framework. Full integration with the ReadiNow suite of applications contributes to raising the Business Resilience standards worldwide. Addressing the business strategic objectives with Key Risk Indicators (KRIs) empowers management when making key decisions. Identification of loss events highlights trends in effectively managing future risks. ReadiNow Risk management supports the key concept of ISO 31000.
The ReadiNow Risk Matrix helps you manage operational risks, business performance, OH&S, security risks (both physical security and information security risks), economic risks, financial risks, process risks, risks relating to products and services, technology risks and compliance risks throughout the organisation. It has the ability to access the big picture mapping with easy drill down access to core component detail online.
ReadiNow’s powerful Online Query tools
This powerful tool has the ability to aggregate across profiles, organisation, process, risks, controls and treatments. ReadiNow gives you real time information to analyse those risks with the highest potential loss at any level within the organisation, local or global, or across selected physical locations.
ReadiNow turns data into real information to save you time, resources and revenue, and it will assist you in driving down operational expenditure.
ReadiNow Physical Security & Information Security risks
Managing risk with ReadiNow gives organisations a competitive advantage rather than just mitigating threat. For example, a key part of ReadiNow risk management is security, it integrates three fundamental security elements:
- Physical
- Electronic
- Information Security
There are several reasons for this convergence between information security and physical security. One of the primary reasons is because physical security elements have become increasingly computerised and networked. These new technologies have taken the practice of physical security to a new level, yet many of the practicesthat are commonplace in information security have not been adopted in this new environment.
Many organisations have created new management structures to support the integration of physical, electronic and information security. ReadiNow was designed with this in mind and offers organisations thought leadership Risk Management software to automate and manage the convergence.
The ReadiNow Risk Analysis
ReadiNow’s easy to use risk rating tool automatically calculates the likelihood and potential consequences of risk. Using the ‘point and click’ feature, ReadiNow enables you to measure and manage risk to your organisation by specifying your raw, controlled and treated risks. For the effective monitoring and management of residual risks, all entries are given a selection of acceptance, avoidance, reduction, elimination or transfer of risk.
The ReadiNow Process Risk
Includes gathering information about the organisation’s critical processes across all business units, divisions, and departments both locally and globally. The risk rating profiles are integrated seamlessly from ReadiNow Business Impact Analysis to ReadiNow Risk Management, which allows for full visibility and control.
ReadiNow Risk Reviews and Workflows
Built into the software are workflows to help the user review risk by status, or by date. Review cycles and reviewer status can be individually managed with online graphical reporting by date or calendar view.
ReadiNow Risk to Treatment Mapping
Treatment Mapping gives you greater financial control and management. At any level within the organisation, the Risk Manager can easily ascertain risks with the highest potential loss, that is associated with the lowest treatment cost, allowing you to make well informed decisions.
ReadiNow Risk Report Builder
ReadiNow Risk Report Builder cuts the time of end-to-end risk management by up to 80%. Calculations and report content are completed for you, and your favourite reporting style and formats are saved for future use. Documents are dynamically created with rollups for management reporting by business unit, division, departmental or geographical locations. With the ‘point and click’ feature you can build a report to include a table of contents, section options, graphs and charts for real-time risk management reporting and analysis.
ReadiNow Risk Dashboards
The ReadiNow real-time dashboard gives you a quick graphical snapshot of your risk management rollups at any level within the organisation. Gain insight into the success of various business processes and business units anytime, anywhere. With real-time information, it is crystal clear whether the organisation is performing as it should, which risks need attention, where controls can be enhanced and where business process improvements are required.