Riskology

When creating an enterprise risk management plan for your organisation, an integral component to your framework will be Key Risk Indicators (KRIs). Key risk indicators measure the potential risk related to a specific action that could negatively affect your company as well as the likeliness of risks occurring. You can think of them as early warning signals that alert your organisation to financial, operational and reputational issues, to name a few, so you can take early action to avoid or mitigate the possible risks. They are typically quantitative, often in the form of percentages, and when detected, serve as an impetus for deciding how to take action.

If you are an enterprise you must know the many challenges that you might face running an organisation with a lot of moving parts. While you ensure that you get the business to run efficiently, you should be leaning on a robust software to manage your risks and communicate with your board, committee and business units.

In business, there are specific rules and regulations that every organisation and its staff has to comply with in order to operate safely and legally. Not complying with these standards not only poses risks to organisations achieving their overall business objectives but operating as a business in general. As you can imagine, these risks could have a massive impact, so you want to identify the obligations your organisation must be in compliance with to avoid the potential risks. This is why compliance management is so important. At its core, compliance management is the process of managing the planning, organisation and execution needed to ensure compliance with laws and regulations, and in turn, mitigate the risks that would be encountered due to non-compliance.

Pan Software is pleased to announce the launch of RiskWare Academy, offering a range of courses designed to train RiskWare users on every key aspect of the software. Hosted at our on-site training centre in our Hawthorn office, fondly referred to as the #Panplex, the courses are led by on-staff RiskWare experts and follow a hands-on approach, working through real-life examples and scenarios. 

PAN Software, leading provider of Enterprise Risk Intelligence software RiskWare, is pleased to announce that it has been recognised as an ABA100 Winner in the Australian Business Awards 2019 for three award categories: Software Innovation, Product Excellence and Mobile Innovation.