Enterprise Risk Management (ERM) provides a systematic approach to identifying core risks throughout a company, evaluating their potential impacts and developing appropriate action plans to mitigate them. The COSO framework currently serves as the international standard for ERM.

Tagetik 4.0 for EGRC supports the entire process lifecycle:

• Self assessment - Identifying and mapping risks from group to functional levels  
• Risk scoring - Prioritizing risks
• Risk mitigation - Identifying possible interventions to minimize the likelihood or impact of risks 
• Impact mitigation action - Showing the impact of mitigation actions on forecasts and long-term planning
  

Tagetik 4.0 contains built-in workflows and other collaborative tools to guide users through each of these steps and documents the results as graphical reports.

Companies that use Tagetik 4.0 to fulfill their ERM requirements or other governance, risk and compliance activities profit from:

• Maximum flexibility to respond to changing national regulations and requirements
• Fewer errors caused by fragmented systems and manual tasks
• Flexibility in customizing the control model and risk management activities for each organization
• Full control of all organizational levels through built-in workflow tools
• Accurate historicizing and documentation of information relevant for control procedures
• Full traceability and transparency for all control processes
• Accurate reporting and full compliance in record speed
• Optional integrated risk management model

Learn more!

• Find out the Tagetik benefits
• Watch the Tagetik demo
  
• Hear what customers have to say about Tagetik
  
• Learn more in informative white papers
  
• Read customer case studies