To help an organization make risk-informed strategic decisions, a good enterprise risk management program generates intelligence on risks that could impede achievement of organizational goals. Businesses then prioritize investments in programs that will have the greatest impact on reducing or optimizing risk.
The business anticipates, prepares for and responds effectively to material events and disruptions.
Risk management decisions are made confidently, based on solid data and effective analysis.
Risks are communicated clearly throughout the organization as well as to external stakeholders.
The ERM program continually optimizes and proves value over time by comparing outcomes against predictions.
Enterprise risk management
For your organization to meet its objectives, you need clear visibility and understanding of all material risks that may disrupt achievement of these objectives. Organizations must be agile to seize opportunities while remaining resilient to new inter-related risks, from pandemic and supply chain disruption to cyber and privacy breaches. At the same time stakeholders want to see evidence of environmental, social and governance (ESG) awareness and behaviors. STREAM centralizes, automates, quantifies and reports governance, risk and compliance across the Enterprise on a single integrated platform.