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RiskMaster Creatio

Management of a particular risk type and entire group of risks

RiskMaster Creatio software solution makes risk registration and management processes easy, transparent and manageable.

Business objects
Determine the components of your business that are subject to risks and require risk assessment in your company. We offer 4 categories by default: business processes, products, IT systems, suppliers. In each category, create cards of business objects and carry out risk assessment. Control them according to the set regulations in one place – all metrics, corrective measures (completed and planned), incidents, risk cases, referring to the particular business object. Regulations include risk assessment processes both for new business objects and for revaluation of existing ones.
Risk and control self-assessment (RCSA)
Initiate risk and control self-assessment process, in which both management and personnel of all levels collectively identify and assess risks and related consequence mitigation actions. It adds value through possibility for several departments to participate in risk management, risk exposure detection and defining corrective and mitigating actions. The current methodology allows for simultaneous management of inherent and residual risks.
Registration and classification of risk
Register and group registered risks. The functionality allows easy setup of individual classification of risks. For convenience of its further processing, control and result analysis, the risk card provides all the information about all business objects, for risk assessment of which this risk was chosen, as well as all incidents and risk cases related to this risk.
Incident registration
Register incidents indicating probable occurrence of risk. Ensure automated registration of an incident via email sent to a specifically created email address for risk case registration. Upon necessity, configure automated import of incidents (e.g. IT incidents) from external systems.
Relations between incidents and risks
Several incidents of one type can refer to one risk, as well as one incident can imply several different risks at once. Use a flexible incident and risk case grouping mechanism through relations.
Online risk incident investigation case
Upon necessity, initiate an online incident investigation. Request and receive an expert’s review online, receive explanation notes, documents and comments online as well. At the end make a decision on the need to register a risk or close the incident without registering the risk.
Risk processing
Request and receive an expert’s review online for the registered risk case, receive explanation notes, documents and comments online as well. Ensure loss registration and classification, if such incurred. Create a decision draft. Ensure online coordination and approval of a decision project and control execution of the decisions, closing the risk case afterwards.
Register of incidents and risks
Use the incident and risk case register for efficient risk management at the company. Sort incidents and risk cases by the source of reporting, risk types, business processes, persons responsible. Track the occurrence of new risks and incidents. Use search option to easily find the risk case or incident you want to see and view full information about it (history of registration and processing, explanatory notes, expert’s opinion, comments, documents, decision-making and history of execution of these decisions).
Recordkeeping of complaints and claims
Complaints and claims are unique cases of operational risk. Upon classification of the risk case, indicate the customer and view all complaints and claims related to this customer not only in the centralized risk register, but also directly in the customer’s file in Creatio.
Planning preventive measures
Define and plan the necessary preventative measures for risk mitigation. Based on the planned measures, according to schedule, the tasks are generated automatically for the employees responsible, as well as emails for notifying them. Use online process for controlling execution of tasks and approval of results.
Audit
Register scheduled and extraordinary audits, using flexible mechanism of checklists, collection of documents and record of communication in the audit, as well as register results of the audit. Take into account the detected deficiencies and control execution of audit recommendations, draft reports on audit results for the management. Use an option to register results and control execution of recommendations of external audit or supervising institutions.