Organizations today cannot eliminate risk completely. Rather, they need to be proactive in assessing and managing risk to their own advantage. Managing risk requires adherence to frameworks and regulations such as ISO31000 Standard, AS/NZS4360 Standard, King III Codes, Basel II, Solvency II, Sarbanes-Oxley, COSO, and COBIT. Cura’s ERM Solution uniquely meets these needs across all departments in organizations.
Some of the key challenges organizations face today when implementing ERM include applying a common risk language, linking ERM to strategy, reporting, accountability, buy-in, and accurate measurement. At Cura, we view risk not only as a negative but also as an opportunity for organizations. Managing risk can be done successfully if done with the right information system, culture, strategic and tactical processes.
1. Cura for Enterprise Risk Management (ERM)
Organizations today cannot eliminate risk completely. Rather, they need to be proactive in assessing and managing risk to
their own advantage. Managing risk requires adherence to frameworks and regulations such as ISO31000 Standard,
AS/NZS4360 Standard, King III Codes, Basel II, Solvency II, Sarbanes-Oxley, COSO, and COBIT. Cura’s ERM Solution
uniquely meets these needs across all departments in organizations.
Some of the key challenges organizations face today when Cura's Enterprise Risk Management (ERM) Solution
implementing ERM include applying a common risk language, linking
enables the organization to:
ERM to strategy, reporting, accountability, buy-in, and accurate
measurement. At Cura, we view risk not only as a negative but also as • Manage risk within one flexible, configurable solution.
an opportunity for organizations. Managing risk can be done Cura is flexible and configurable to support your unique business
successfully if done with the right information system, culture, requirements. It provides you with easy access to your
strategic and tactical processes. information with the ability to configure the entire system to
meet your needs. Cura allows you to manage bottom up analysis
Cura ERM’s Five Tactical Themes.
as well as top down approaches.
Cura has translated the “Attributes of Excellence in Risk Management”
• Deploy Easily and Quickly.
summarized in the ISO31000 standard into five tactical themes used in
our solutions. Each theme supports the underlying principles in Cura can be deployed in an on premise or hosted environment,
effective risk management and is designed to encourage and sustain a with packaged templates for common Frameworks such as
risk aware culture within the organization. ISO31000, COSO and AS/NZS4360.
• Enforce Accountability. • Obtain Clarity Through Convergence.
• Link risk management to decision making. Cura enables managers to improve insight and oversight of the
risks and exposures of the business at a strategic level and
• Embed and integrate risk management in business processes.
operational level. Actions, trends and treatment strategies across
• Communicate risk and risk treatment widely. multiple business disciplines and areas are identified, assessed,
• Manage organizational and individual performance for ERM. treated and monitored.
• Work in Virtual Autonomy.
Each department can make use of Cura and track its data
using both standardized and unique approaches. This
allows staff to retain responsibility and independence in
their business areas, while preserving the ‘bigger picture’.
• Invest for the future.
Cura ERM serves as the foundation for your organization
to grow towards full GRC maturity. The Cura platform
offers compliance management, surveys for RCSA, ethics
and compliance, audit, loss events, quantitative risk
modeling and scenario planning as well as other
solutions.
Cura ERM Dashboards
The Smarter Software Solution for Governance, Risk and Compliance (GRC) www.curasoftware.com