43 items found for ""
- Risk Management Software | Risk Wizard
Finally, risk management software that's easy to use Get a Demo Brochure Save time, effort and resources with our flexible risk management solution Easy, fast and secure User friendly, quick loading, simple navigation and safe Frees up valuable time Save time on spreadsheets or legacy system workarounds Improves the process Robust and systematic approach delivers process efficiencies More Features Outgrown Excel? Our risk management tool avoids 'death by spreadsheet' Compare Excel to risk register software that's quick, easy to use, flexible and hosted locally within a secure cloud environment. Discover how our risk management software solutions can improve your business operations Allow 30 minutes to see how you can improve your risk management processes, data security, risk reporting and much more... Get a Demo Over 20 years developing top risk management software tools With an exceptional reputation in the industry, boards, management and staff who use our software call it one of the best risk assessment tools available. simple . streamlined . secure Trusted risk manager software for any type of business "In addition to being very affordable, we have found the system to be very intuitive, user friendly, and easy to learn. We are very satisfied with Risk Wizard and highly recommend them." Julie Groves Director, Risk Services Wake Forest University Customers Discover the superior benefits proven risk software has to offer Reassures stakeholders Shows robust approach to risk management reassuring boards, owners and auditors. Engages employees Encourages staff to adopt risk management by providing a user friendly reporting tool. Ongoing support Email, phone, webinar plus access online Help directory and software upgrades. User friendly Simple way to manage risk registers, compliance activities, incidents, quickly and securely. Easily tailored Easy to flex over time to suit different risk management frameworks and organisations. Flexible reporting Choose from 'ready-to-run' dashboard widgets, report designs plus build your own. Affordable pricing Sensible prices means any business can afford our risk management reporting toolkit. Delivers savings Save time, effort and free up resources compared to Excel and older, inflexible systems. Quick to setup Easy system configuration means you are up and running in days or weeks not months. Setup an integrated risk management system with | Risk | Compliance | Incident | software Risk Wizard has three complementary risk management products to suit your business. Our risk assessment software , compliance monitoring software and incident management software tools can be bought individually, paired or packaged together as one integrated risk management system. Take an online tour of Risk Wizard with one of our team and learn which software products suit your risk management environment. Book a demo today. Get a Demo Discover how your business could use our risk management software tools Risk assessment software tool Management can assess risks in real time from their home office, workplace or on the move with our trusted risk manager software. Users capture risks via our simple web forms and assess risks using a consequence and likelihood matrix which generates a risk assessment rating. Risk ratings can be analysed in the risk register, via risk reports or risk dashboards and filtered according to business department or risk owner. Compliance monitoring software tool Risk Wizard is a complete compliance management software platform. The system constantly monitors what users are doing in real time which reassures management that the risk of compliance breaches is minimal. Management can automatically schedule compliance activities, for example, users can be reminded about workplace health safety inspections, quality management checks or risk reviews. Incident management software tool Risk Wizard is a real time incident management solution for tracking workplace accidents, health safety hazards or near misses as they happen. Management can automatically receive real time alerts the moment users log them in the system. Management can assign remedial actions and conduct investigations within the system which helps to reduce the risk of similar incidents recurring in future. Look for these core features in a user friendly risk management application Tailored reporting Create dashboards and reports to suit executives, management or staff. Data security Protect data with access controls, roles and permissions. Flexible framework Create multi-dimensional frameworks to suit your business. Email workflow Send and receive automatic email alerts and reminders. Exporting data Download data in a range of 'ready to use' formats. Search engine Choose from a range of data fiilters and search preferences. File mangagement Upload data files and attach links to stored documents. Linking records Create meaningful links between records to aid understanding. Custom terminology Customise terminology to fit with organisational standards. Data libraries Create unlimited libraries to manage your knowledge database. Audit log Keep track of all changes made to a record over time. Online help Reinforce knowledge, find answers and keep up to date. More features Why step up from Excel risk registers to risk management software? Segregated data keeps sensitive data private It's difficult to segregate data in Excel so users only see some not all data within worksheets. Risk Wizard segregates data so users only see their data. Sensitive data can be user restricted . Automatic workflow not emailed worksheets Emailing Excel sheets with ‘to do’ lists' is time consuming to follow up and delivers mixed results. Risk Wizard has automatic alerts, reminders and escalation notices with oversight reporting that makes activity tracking easy. Top data security not locked spreadsheets Shared spreadsheets are difficult to keep secure, particularly on laptops or home office PCs. Risk Wizard is reliably hosted on Amazon Web Services where data security is proven and paramount. Multiple risk registers to one risk system Departmental risk registers in Excel need to be consolidated for reporting which takes time. Our centralised system maintains data privacy between departments with consolidated reports quickly generated. Multiple user styles instead of one in Excel Spreadsheets are limited to one access style whether it is a risk manager or an infrequent user. Risk Wizard’s user experience is configurable so a risk manager can have a different touch point than staff with different day jobs. Upgrade from Excel to tailored reporting suite Excel risk reports are limited and error prone. Spreadsheet ‘expert’ is usually needed for reporting. Risk Wizard has a simple report design tool and suite of report templates. Customers can tailor formats for different audiences. Consistent risk criteria and risk terminology Different dept. risk registers means variable risk definitions and inconsistent risk scoring. Risk Wizard's single agreed source of definitions and scoring scheme allows for better organisational comparison. From static risk list to dynamic risk process Risk lists created in Excel are rarely re-visited leading to a static, poor risk process. Our dynamic features provide users with on-demand reports interactive registers, dashboards and automatic work-flow. Drill down dashboards not just Excel charts Interactive Excel experiences need many linked sheets which is time consuming and difficult. Risk Wizard’s configurable dashboards are rich and allow drill-down from ‘bird’s eye’ view to detailed records. Compare Excel to Risk Wizard Easily flex our risk management system to suit different sized business and industries EDUCATION Universities, colleges, schools and other educational institutions face similar student and campus issues. Our risk manager software has online risk assessments and incident logging portals for staff/students plus executive dashboards for Committee. GOVERNMENT Federal, state, local and other government bodies use our risk software to monitor and report on departmental risks and internal compliance issues while tracking any workplace hazards or real time incidents out in the field. NOT FOR PROFIT Charities, NGOs and other non profit groups use our risk management tools to keep simple risk registers and track reportable incidents. This evidence of good corporate governance helps with charitable status and grants. FINANCE Insurers, wealth managers and other financiers face similar issues like privacy breaches and regulatory non compliance. Our risk management tool helps finance groups monitor reportable events, process failures, quality and risk issues. UTILITIES Utility providers use our risk control software to navigate market rules, regulatory frameworks, risk and safety environments. Rule breaches, control failures, accidents at work are recorded, tracked and reported via our online cloud portal. HEALTH General medical, aged care and other healthcare providers use our risk management system to log client site and patient hazards, reportable health dept. incidents, compliance breaches and to forecast potential operational and strategic risk events. Put some pizzazz into your risk reporting with our creative report design tool Customers can create and edit reports in the cloud using our integrated report designer tool. Modify templates from our extensive library or build your own from scratch. Design and run reports in real time Reports are designed and run in real time in the cloud and can be exported to a range of formats or previewed in the web browser. Book a demo today and see how easy it is to work with our pre-built report templates so management and executives get the risk management information they need. Get a Demo Feel safe with us hosting your risk management database locally and securely Risk Wizard uses cloud technology provided by Amazon Web Services (AWS) for its software hosting service. We operate a comprehensive database storage, backup, archiving and retrieval process with data replication across three sites within the same region. Information is held at local security-sensitive data centres with world class network architecture, data encryption, monitoring tools, stringent security training, policies and procedures. We constantly monitor the Cloud environment to ensure infrastructure and software are working properly and up to date so users can access risk management data securely from anywhere with an Internet connection. Risk management data is kept in Australia Data belonging to Australian and New Zealand customers is stored in Sydney. Multiple data centres are used to offer maximum resiliency. Hosted sites are accessible 24/7 Customers enjoy an average Monthly Uptime Percentage of at least 99.9% meaning access to risk management data is practically 24/7. Global security standard certification Customers trust that AWS is certified to global security standards including ISO/IEC 27001 and SOC (System and Organization Controls). Show a robust approach to risk management because our software follows ISO 31000 Our risk software is based on the international Standard for risk management ISO 31000 . This means a standard risk management process can be applied simply, quickly and securely with user friendly web forms, clever features, dashboards, reports and workflow notifications. Risk identification Identify basic risk information e.g. name, description, categories, owners, objectives impacted, sources of risk etc. Apply security permissions to the risk and attach supporting documents. Risk analysis Assess causes, impacts, existing controls and estimate consequence and likelihood. Add explanatory notes about online risk assessments or estimates. Link risk to controls. Risk evaluation Evaluate risk rating against risk criteria. Consider risk tolerance and decide whether the risk needs treatment. Update the risk status and note reasons to treat risk or not. Risk treatment Document treatment strategy/plan and implement action plans. Modify controls, update risk treatment status, revise estimates for consequence/likelihood. Link risk to actions and controls. Monitoring and review Monitor and review risks, controls and action plans. Note review outcomes and update records. Link action reviews to risks and controls. Monitor change logs for unusual activity. Communication and consultation Share PDF reports and online dashboards to communicate and consult with stakeholders e.g. Committees. Export data into Excel where more in-depth anlysis is required. Enterprise risk management software that grows with your business Risk Wizard is a scalable risk software solution for businesses that start small and gradually grow participation in the risk management process over time. Users can scale up from an individual to a team or even to an unlimited user licence where an enterprise risk management (ERM) program is successfully deployed. You can trust risk management software that's developed, hosted and supported in Australia Local setup, training and support Our Melbourne team establishes customer sites, helps implement customers' risk management systems and provides support via email, phone and webinar. Because our software and Helpdesk teams are Australian based, it means customers benefit from timely local responses and resolution of technical and user queries. Built in Melbourne, hosted in Sydney Risk Wizard's software development team is based in Melbourne and use secure Microsoft Azure cloud based virtual servers also based in Melbourne. Risk management databases for Australian and New Zealand customers are hosted within Sydney data centres on Amazon Web Services (AWS) cloud platform. See our risk management tool in action The only way to decide if our risk management software is the best choice for your business is to experience it yourself. We'd be delighted to show you the software online so you can see it in action. After this you can visit our demo site and take Risk Wizard for a test drive. SEND
- About Risk Wizard | Risk management software developer
Risk management software solutions suited to any business Very affordable, intuitive, user friendly, and easy to learn "After comparing various options, we selected Risk Wizard as our ERM program management software. In addition to being very affordable, we found the system very intuitive, user friendly, and easy to learn. It is a very robust software that allows you to do as little or as much as you want. The versatility of the system has allowed us to slowly start utilizing more & more features, as our ERM program was also developing and maturing. We also like the fact they’re not part of a large conglomerate trying to upsell us a wide variety of REMIS modules. We are very satisfied with Risk Wizard and highly recommend them." Julie L. Groves Director, Risk Services Wake Forest University Customer testimonials about our risk management tool Take 2 minutes to learn about our integrated risk management system Risk Wizard is a modern, user friendly risk management information system that enables risk, compliance and incident related data to be easily logged, managed and dealt with. Our three software products below are fully integrated and can be bought individually, paired together or as a bundle. Risk software Provides organisations with an automated framework for capturing, prioritising and managing their business risks, such as strategic, operational or enterprise risks. The software follows ISO31000 and best practice guidelines. Compliance software Provides organisations with an automated framework for streamlining their compliance activities and managing their internal and external business obligations. The software follows ISO19600 and best practice guidelines. Incident software Provides organisations with an automated framework for recording, tracking and acting upon business incidents, such as workplace accidents, near misses, loss events or security breaches. The software follows ISO27035 and best practice guidelines. Risk Wizard's business case for risk management software Why you need risk management software Organisations face increased pressure to run tighter, more transparent businesses, to run safer, more compliant workplaces and be ready to handle foreseeable risk events. Information is paramount to achieve these goals and the only simple, quick, secure solution is to use a purpose-built software tool. What risk management software does It stores, processes and reports management information related to the governance of an organisation, for example, it profiles business risks, measures levels of compliance, highlights incident trends and escalates overdue action plans. Information is shown in dashboards, reports, charts, registers and forms. How risk management software helps Information can be accessed quickly, easily, securely which improves decision-making and saves management time and effort. Processes around workplace risk, compliance and incident management become better controlled increasing efficiency, safety and resulting in lower costs. Major benefits of our risk management tool Quicker to access Rapid cloud-based access 24/7 from your personal computer, tablet or mobile. Easier to manage Simple to set up, run and control with automatic backups and upgrades. Better security User access, system data, backup and storage are much more secure. More free time Frees up time spent on spreadsheets or system workarounds. Greater confidence Restores everyone's confidence in the reporting process. Less pressure Relieves pressure from stakeholders as reliability improves. Risk management software developer in Australia for over 20 years Risk Wizard is celebrating over twenty years in business. We continue to develop software solutions for risk managers, risk management teams and enterprise risk management (ERM) deployments across Australia and internationally. simple . streamlined . secure Discover what you're missing with our winning risk management system Get a Demo Take a quick test drive with our experts Take a walk through of Risk Wizard with one of our online experts and quickly learn how you can improve your risk management system with our user friendly tool. Pick up the basics in under 30 minutes so post demo you're ready to try out the software using your own risk management data.
- Risk management software | Integrated system | Risk Wizard
Risk management software that's simple, affordable and integrated Our risk software, compliance software and incident software tools when bundled together form one totally integrated risk management system. They can also be bought individually or as a pair. Risk Compliance Incident Say goodbye to old Excel risk registers and hello to new risk management tools Outgrown Excel to manage risk? If your risk management information is becoming harder to manage in spreadsheets, let us help you step up to a flexible risk management system that's easy to use, reliable and secure. The moment you upgrade to Risk Wizard excess time and effort spent previously on Excel is immediately freed up. Experience a risk management tool that's so easy to use and price conscious Learn how to drive it in 30 minutes User friendly screens with simple menus, quick navigation and familiar functionality make Risk Wizard an easy working application for both occasional and regular users. Our affordable pricing enhances customers' value for money proposition. Book a demo today to see how easy it is working and reporting your risk management data and obtain an estimate of the software cost. Get a Demo Flex our risk management system to suit your business reporting framework Labels and terms Manage data field names, system terminology and other user preferences. Criteria and forms Tailor input forms and get your risk management criteria to guide users. Dashboard widgets Design dashboards and create graphical widgets to represent your data. Brand identification Brand software screens and reports with logos or corporate messaging. Report templates Create new report designs or edit existing templates to communicate results. Workflow rules Configure email alerts and reminders with escalation processes to suit. Enterprise-wide logging is free and easy with our risk management software portals Risk portal Compliance portal Incident portal Encourage participation in the risk process by allowing anyone to log a risk or potential threat via the risk portal for free. Schedule and allocate compliance tasks to anyone and automatically invite them to respond via the compliance portal for free. Create unique input forms for each incident type and enable anyone to log items via the incident portal for free. Look for these key deliverables in your next risk management system All data under one roof Bring different pieces of risk management information together under one roof. Connect the dots between risk registers, compliance schedules and incident logs. Everyone kept informed Notify the right information to the right people at the right time. Automatically send incident alerts, overdue reminders or risk manager notices. Executives reassured Reassure boards, auditors and regulators with a robust approach to risk management. Show past incidents, current compliance activities and future risk events. Real-time visibility Obtain an instant view of governance activities ensuring no unexpected surprises and increased awareness of any issues well before they happen. Quick implementation Quick to setup and requiring no additional hardware, implementation takes less than a week, significantly reducing overall cost burden. Enterprise participation Get all staff actively involved in managing risk, compliance, and incidents while benefiting from multiple sources of feedback and intelligence. Learn how our risk management solution delivers savings and improvements Each of our risk management products is a business improvement tool that saves time, effort, resources and offers a great value for money solution. Discover below how each software solution improves the risk, compliance and incident management process. Risk software solution Capture, prioritise and report business, strategic, operational or enterprise risks to improve planning and forecasting processes. Discover Compliance software solution Streamline compliance activities and schedule business obligations to improve regulatory commitments and mandatory practices. Discover Incident software solution Log, track and monitor hazards, near misses, accidents. Investigate trends and implement actions to improve workplace safety. Discover What makes our risk management software different from other vendors in Australia Quicker to implement Our risk management software is quick and easy to setup and learn so you're ready to start in a matter of days. Superior reporting Craft dashboards and reports to suit executives, management or staff using our user friendly cloud report designer tool. Easier to administer At any time refine our risk management tool without recourse to Risk Wizard. Changes are quicker and easier to make. Greater flexibility Flex the risk management system to mirror your data structures, terminology, reporting formats, access security and much more. Simpler to use User friendly screens with clean menus, intuitive features and navigation make it simpler even for the occasional user. Fairer pricing Our risk management tools are priced so any organisation can afford them and obtain great value for money. Experience our risk management software The only way to decide if our risk management software is the best choice for your business is to experience it yourself. We'd be delighted to to show you the software online so you can see it in action. After this you can visit our demo site and take Risk Wizard for a test drive. SEND
- Pros and cons of Excel for risk management
Pros and cons of using Excel spreadsheets for risk management. Excel is a commonly used tool for risk management due to its flexibility and ease of use. However, there are both pros and cons associated with using Excel for risk management: Pros of using Excel for risk management: 1. Familiarity: Many people are already familiar with Excel, making it an easy tool to adopt for risk management. 2. Flexibility: Excel is a highly customizable tool that can be adapted to meet a wide range of risk management needs. 3. Data analysis: Excel has robust data analysis capabilities, including charting, pivot tables, and filtering, making it easy to analyze risk data. 4. Cost-effective: Excel is an affordable solution for risk management and does not require expensive software or tools. 5. Versatility: Excel can be used for a variety of risk management tasks, including risk identification, assessment, and reporting. Cons of using Excel for risk management: 1. Limited collaboration: Excel does not support real-time collaboration, which can make it difficult for teams to work together on risk management tasks. 2. Error-prone: Excel is prone to human errors, such as incorrect data entry, which can impact the accuracy of risk management data. 3. Lack of audit trail: Excel does not have a built-in audit trail, making it difficult to track changes to risk management data. 4. Limited scalability: Excel is not designed to handle large volumes of data, and as a result, it may not be the best solution for organizations with complex risk management needs. 5. Security risks: Excel files can be easily copied, shared, and modified, which can create security risks for sensitive risk management data. Avoid the Excel cons with Risk Wizard Excel can be a useful tool for risk management, especially for smaller organizations or those with very simple risk management needs. However, once spreadsheets are being used regularly and shared amongst staff the pitfalls of Excel become prominent meaning you need to step up to a robust solution such as Risk Wizard. Compare the reasons for stepping up from Excel on our home page.
- How the best Risk Committees function
Top 10 functions of an effective Risk Committee A Risk Committee typically has a range of responsibilities and functions that help it to identify, assess, and manage risk across an organization. Some of the main functions of an effective Risk Committee include: 1. Risk identification: The Risk Committee is responsible for identifying potential risks that may affect the organization, including operational, financial, legal, and reputational risks. 2. Risk assessment: Once risks are identified, the committee evaluates and assesses the potential impact and likelihood of each risk and prioritizes them accordingly. 3. Risk mitigation: The Risk Committee develops and implements strategies to mitigate risks, including risk transfer, risk avoidance, risk reduction, and risk acceptance. 4. Risk monitoring: The committee continually monitors risks to ensure that mitigation strategies are working effectively and that new risks are identified and addressed promptly. 5. Risk reporting: The committee prepares and presents regular reports to senior management and the board of directors on the status of risks and the effectiveness of risk management strategies. 6. Compliance oversight: The Risk Committee ensures that the organization is complying with all relevant laws, regulations, and industry standards related to risk management. 7. Crisis management: The committee develops and maintains plans for managing and responding to crises and emergencies, including communication plans and contingency plans. 8. Business continuity planning: The committee oversees the development and testing of business continuity plans to ensure that the organization can continue to operate in the event of a major disruption. 9. Vendor risk management: The Risk Committee is responsible for assessing and managing risks associated with third-party vendors and suppliers. 10. Risk culture: The committee works to develop a culture of risk awareness and responsibility throughout the organization, encouraging employees to identify and report risks and promoting a proactive approach to risk management. Risk Wizard provides clarity for Risk Committee decision-making. Risk Committees need information that's clear, succinct and up to date so fully informed decisions can be taken whenever the Risk Committee sits. Risk Wizard's information is typically shared in real time via an online group presentation - Committee members can easily discuss and share views on the risk and compliance environment and use Risk Wizard's information to focus on what's important. To see the sort of information an effective Risk Committee uses please request a demo today.
- What is a risk manager mainly responsible for?
Top 10 major responsibilities of a risk manager Although roles and responsibilities of risk managers vary across companies and industries, there are some major responsibilities common to any risk manager, irrespective of where they work. Here are 10 major responsibilities worth noting: 1. Identifying Risks: A risk manager is responsible for identifying potential risks that may impact the organization's operations, financial performance, or reputation. This includes assessing internal and external risks and analyzing the likelihood and impact of each risk. 2. Assessing Risk: Once identified, a risk manager must assess the level of risk associated with each potential threat. This includes evaluating the potential consequences of each risk and determining the appropriate level of risk tolerance. 3. Developing Risk Management Strategies: Based on the risk assessment, a risk manager must develop strategies to mitigate, transfer, or avoid potential risks. This includes identifying appropriate risk management techniques and developing plans to implement them. 4. Communicating Risks: A risk manager must effectively communicate potential risks to key stakeholders, including senior management, board members, and staff. This includes developing reports and presentations that clearly explain the nature and severity of each risk. 5. Monitoring and Reporting: A risk manager is responsible for ongoing monitoring and reporting of risk management activities. This includes tracking key performance indicators, identifying emerging risks, and communicating updates to stakeholders. 6. Developing Policies and Procedures: A risk manager must develop and implement policies and procedures related to risk management. This includes establishing standards for risk assessment and management, as well as guidelines for reporting and escalation. 7. Implementing Controls: A risk manager must implement controls to mitigate risks identified in the risk assessment. This includes designing and implementing controls to prevent or detect potential threats. 8. Conducting Risk Assessments: A risk manager must periodically conduct risk assessments to identify new risks and evaluate the effectiveness of existing risk management strategies. 9. Collaborating with Stakeholders: A risk manager must collaborate with internal and external stakeholders, including vendors, partners, and regulators. This includes working with these groups to identify potential risks and develop appropriate risk management strategies. 10. Providing Risk Management Training: A risk manager must provide training and education to staff and stakeholders on risk management. This includes developing training materials and conducting workshops to ensure that all stakeholders are aware of potential risks and understand the organization's risk management strategy. Risk managers use Risk Wizard for many of their responsibilities. Much of the information a risk manager needs to do their job can reside in Risk Wizard. Rather than spending time on Excel, data needed can be quickly collated, reported and extracted from Risk Wizard, freeing up time and effort of risk managers. Our experts are ready to show you how easy your job becomes using Risk Wizard. Request a demo today.