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GRC - INTEGRATED RISK MANAGEMENT

Only companies that know exactly what's heading their way can safeguard their future. Recognising and assessing opportunities and risks early and introducing suitable measures and controls are effectively securing future corporate success and competit iveness. Longview’s integrated risk management solution offers you a ful l overview of developments crit ical to your company.

Well prepared: Controls, compliance and transparency in one solution

The task and target of a r isk management system is guaranteeing the security and long-term viabi l ity of an organisation. The obl igation to introduce a professional r isk management system results from:

Growing regulatory pressure, for example, regional laws and regulations such as section 91/93 AktG, and 317 HGB; Bi lMoG, DRS20, IDW PS 340/350, SOX

Global frameworks COSO II ERM, ISO 31000 etc.

Growing requirements from external partners, supervisory bodies, service providers and customers

There are no binding directives or best practices for identifying, assessing and priorit ising risks.

The strategy for deal ing with risks is l imited to individual functions; there is no comprehensive overview.

The current processes and workflows are neither coherent nor clear.

There is uncertainty surrounding opportunities and risks and their impact on potential business and business development.

There are inadequate risk concepts and metrics for companies, different departments or functions.

Every company has its own specific posit ion on the area of r isks and opportunities.

There are inadequate IT systems in use; Excel predominates.

There is a need for improvement regarding maintenance, scalabi l ity, f lexibi l ity, security and process efficiency.

WHY IS RISK MANAGEMENT SO IMPORTANT?

Risk management involves uncovering, recognising, assessing and priorit ising risks, as well as identifying and actively shaping preventative countermeasures. Suitable control mechanisms wil l secure the successful implementation of r isk management. A crit ical component is also analysis fol lowing the coordinated use of company resources in order to reduce, monitor and control the probabi l ity of the occurrence and/or the effect of unwanted and potential ly damaging situations and to real ise possible business opportunities.

In the past few years, 52 per cent of Fortune-500 companies that existed in 2000 have disappeared.**Source: Constel lation Research; 2014 PESTEL Framework

FREQUENT CHALLENGES FOR COMPANIES

An easy-to-use, f lexible and integrated system that addresses al l chal lenges hol istical ly. Presents risks and business opportunities systematical ly at a glance and administers these simply in one system.

WANTED:

Longview offers risk management as an integral component of its comprehensive Corporate Performance Management software in interaction with accounting, analysis, tax management and planning functions – in the Cloud and on Premise. This brings al l business-relevant processes together strategical ly while you benefit from intuit ive and transparent access with a complete view.

FOUND:

Longview offers you an integrated and comprehensive platform which can be used to manage al l opportunity and risk-related processes easi ly and effectively. Al l data concerning col laboration, workflow, reporting, modell ing, data management and security is rel iably brought together in Longview. Internal control systems are avai lable to manage and assure achievements, required elements of a corporate governance system can easi ly be integrated. The Longview solution can also flexibly expanded to other business processes issue – exactly as required by your business.

HOW CAN LONGVIEW SUPPORT YOU IN YOUR RISK MANAGEMENT?

YOUR BENEFITS AT A GLANCE:

Get started immediately. Longview offers you al l the relevant functions and processes out-of-the-box without time-consuming and costly implementation efforts.

The solution is scalable and can be easi ly tai lored to your individual requirements.

You decide on your deployment preference - on premise or in the Cloud.

Set standards company-wide. Define the risk culture and fundamentals, concepts and directives. Establ ish a r isk profi le.

Assess risk influencing factors and probabi l it ies.

Establ ish a regular authorisation process and closing period.

Set countermeasures for identified risks and control their status and effectiveness.

Decide on the risk groups that belong together.

Check the probabi l ity, plausibi l ity and completeness of your processes and measures.

Profit from high-performance analysis and reporting functions, r isk simulation and what-if scenarios.

Many companies are worried that risk management is too complicated, but that doesn’t have to be the case.

Longview Risk Management - Maximum transparency and efficiency in one solution!

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