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  • Risks of Open Source Risk Management Software

    Open source to some of us may sound risky. If everyone can see the software code, can’t they just as easily hack the system for their malicious purposes? Let’s have a look at the risks of open source risk management software and see: The Importance of Open Source Licensing Just because a particular risk management software (or any software, for that matter) is labelled as being ‘open’ doesn’t mean it’s truly open source nor does it mean that it’s without its risks. Nowadays many open source developers seek open source licensing of the source code, which helps legal teams and risk management professionals evaluate the robustness and security of the software before implementing it within the organisation. To be fair, just because a company claims to have licensed their source code doesn’t mean it’s 100% trustworthy either, but it’s a little like choosing a licensed plumber or roofer rather than a cowboy - it gives users a reasonable degree of reputability and trustworthiness. Entry Barriers and Exit Strategies There are many benefits unique to open source software, but risk management professionals should note down their considerations with regards to adoption (onboarding the software) and getting out if things aren’t working out. For the former, adoption itself depends on many sub-factors such as willingness to use a new, perhaps not widely-known software with licenses that may be unfamiliar to the legal team or beyond what the higher-ups consider to be acceptable in the organisation. Basically, one can think of adopting open source risk management software along the lines of Metcalfe’s Law: the more people that use the network, the greater its overall value (in layman’s terms). If others (i.e. competitors, other industries) are using particular open source software, its value increases as more people use it. For the latter, an exit strategy is crucial. Extremely restrictive licenses have thankfully fallen out of favour in recent years, which hamper the ability of an organisation to produce value with the software when they are considering switching to another service. Far more permissive licenses are now quite normal. Bear in mind that from the developer’s point of view, restrictiveness is in place for often very good reasons, but they do limit what you can and can’t do with the software as a user. Risks of Open Source and Solutions There are many examples that illustrate the risks of open source and demonstrate the reality of these risks vs the fear of something going wrong. Generally, closed-source software has a good reputation for security since it’s all (often) proprietary on the developer’s side, but that doesn’t mean that open source by definition has security vulnerabilities. With the rise in the attention given to blockchain technology and the crypto market, one need only consider that one of the original blockchains, Ethereum (ETH) is open-source and has been developed in such a way that the security of the ledger is front and centre. Nevertheless, it is possible and it has happened before as seen during the hard fork to Ethereum Classic (ETC). Third-generation blockchain developers at Cardano (ADA) and Polkadot (DOT), both of which were founded by ex-founders of the Ethereum project, have maintained open-source development on their blockchains yet security remains a key feature. After all, if someone can manipulate the ledger, it isn’t much of a reliable solution, is it? These examples borrowed from the world of cryptocurrency show that open-source can be safe and secure, whilst giving users the freedom to develop on the backbone of the technology. Similarly, risk management software that is open source isn’t necessarily ‘risky’ so long as the license and the developers work hard to minimise risks that may present themselves. Risk Wizard Start using Risk Wizard today and experience the benefits of our bespoke risk management tools.

  • What have Christmas lights & risk data got in common?

    It is that time of year again, you’ve setup the Christmas tree and hung the decorations yet your heart skips a beat when you pull out the Christmas tree lights…picture the scene, the dreaded, tangled ball of wires and lightbulbs just as you left them last year, waiting to be unraveled…sound familiar? So, why do countless households put themselves through this agony year after year rather than fixing the problem at the time? Why is it that certain households never suffer from a tangled mess so their annual ritual of putting up the Christmas tree lights becomes a joy rather than a chore? This familiar festive tale is a great analogy for how many businesses manage their risk data - for example, many businesses ignore data problems when they arise, do not resolve systemic data issues when they should, trust in vain that things will be alright, yet accept the inevitable inconvenience caused by their inaction. This unfortunate story tends to be played out over the whole business year, not just during the Yuletide season. A major concern for any business is maintaining the integrity and reliability of its risk data. What is surprising is how many businesses use spreadsheets to manage this data. For example, key risk and control data is kept on registers held in Excel or similar applications with staff often spending hours updating risk information in shared, unprotected worksheets. Even using one master spreadsheet to avoid duplication and confusion can prove difficult, particularly when there are multiple updaters accessing the same file. It is not uncommon for data integrity issues to be prevalent leaving some businesses by the year’s end back at square one again. They fall foul of the Christmas tree lights analogy where known data problems that cause a tangled mess are not resolved when they should be. Naturally, when risk data becomes a tangled mess, it becomes untrustworthy and difficult for risk managers to work with. Here are some examples of how this can happen when spreadsheets are used to manage risk data: · Over-complicated spreadsheet system - trickier for non-technical staff to interpret, update data. · Volumes of insignificant risks recorded - more data segregation needed leading to handling errors · Inadequate data filters - makes it difficult to drill down and pinpoint important items · Multiple users access same data set - records are overwritten without changes being tracked · Confidential data not segregated - staff can access their colleagues’ unsecured risk records · Lack of data naming conventions - duplicate risks are easily recorded leading to misreporting Risk Wizard overcomes the above-mentioned examples that lead to messy risk data with its simple, flexible, secure platform. Our system makes life easier for risk managers by ensuring your risk data always remains accessible, reliable, and secure. As we approach Christmas and the end of another year, it is opportune to reflect on your risk data situation. A great way to start 2023 would be to get your data in good order to avoid future tangles. Risk Wizard can help pave the way. To see how easily it is to untangle your risk data, simply sign up for a demo. We will provide an online demo of the software so you can see it in action before you try out the software in a free, private, and secure cloud environment. DEMO: Visit https://www.riskwizard.com/demo or email to: sales@riskwizard.com

  • The True Cost of Data Breaches Explained

    A good risk management strategy aims to proactively control risk within an organisation, rather than reactively responding after the fact. On the topic of data breaches, proactive due diligence and risk management are far superior to letting the breach occur and dealing with it thereafter. Data breaches have not only increased worldwide since the start of the 21st century in quantity, but they’ve also ballooned to multiple millions of dollars for many large corporations and even for smaller firms as well. How Much Does a Data Breach Cost? A heck of a lot. A data breach exposing thousands of sensitive data records can easily cost millions of dollars, but of course the total cost will largely depend on: The severity of the breach: how many records were exposed? Data security laws: fines for data breaches depend on the jurisdiction. In Australia, fines can cost up to $2.1 million although the idea of harsher, $10 million minimum fines have been proposed as well. Opportunity cost: the potential revenue that you may have expected for the coming quarter or year will likely decrease, sometimes significantly, due to frustrated customers no longer trusting and thus buying your product or service. Legal fees: legal representation, audits, and data task forces to revise and enforce new data security policies all add up quite a bit. Average Cost of a Data Breach IBM estimated that the average cost of a data breach worldwide in 2020 was about $3.86 million USD, which works out to about $5 million AUD. Notably, the United States had an average data breach cost of a staggering $8.64 million, making it the single costliest country in which to suffer a data breach. In the coming years and decades, as more and more businesses rely on data analytics and the power of big data to provide superior services and customer service, chances are the cost and severity of data breaches will multiply to even higher figures. Add in increasingly stringent government legislation to protect customer privacy and the idea of $10 million fines doesn’t sound too far off. How to Mitigate and Reduce the Risk of Data Breaches First and foremost, a robust data security policy must be in place. Not only for large corporations but also for small and medium-sized enterprises that are increasingly dealing with more and more data. Also evaluate how your organisation disposes of hard drives and IT assets. More and more businesses are relying on professional IT asset disposition (ITAD) services to securely shred and destroy IT assets, thus rendering the data therein irretrievable. This eliminates a major source of data breaches. Lastly, ensure that your risk management team are aware of all the risks pertaining to data security within the organisation. How is data collected? Stored? Shared? What is your company’s data retention policy? Does your website have GDPR-compliant cookie consent popups (i.e. opt-in for cookie tracking)? Risk Wizard How is your organisation managing risk? The robust risk management software from Risk Wizard provides organisations with superior functionality, tracking, and risk assessment reporting that is up to the task of managing risk for the 21st century. Give it a go today. DEMO: Visit https://www.riskwizard.com/demo or email to: sales@riskwizard.com

  • SIX MUST Have Risk Management Software Features

    So, you’re looking for risk management software for your business? The good news is that these days, there are so many to choose from, many of which offer excellent features at superb price points with risk management professionals in mind. The bad news is that a lot of them are sorely lacking in some critical features. Before deciding on a risk management software solution for your organisation, make sure they have all of the below features: 1 Risk Assessment Capabilities If your risk management software doesn’t have risk assessment capabilities, is it really a risk management software? This is the bread and butter of risk management software and it is absolutely essential. Jokes aside, perhaps one of the most well-known and popular ways of assessing risk is with Microsoft Excel, which itself doesn’t have risk assessment capabilities! We’ve written blogs previously on why you should ‘de-Excel’ your organisation and use committed risk management software, so please feel free to browse our previous posts. 2 Intuitive Dashboard A clean, intuitive dashboard is extremely important for day-to-day use of your risk management software. This doesn’t mean that it needs to be barebones and lacking in vital functionality, however. There’s a reason why businesses spend significant portions of their product development budget in UI/UX testing. The software, no matter how great it may be, simply won’t catch on if the user experience is confusing or overly complex, for example. Risk Wizard has a simple, straightforward dashboard to provide users with all of the core features at the click of a button. 3 Real-Time Notifications & Alerts No risk management software can truly call itself a risk management solution if it doesn’t come with real-time notifications and alerting capabilities. In that case, you may as well just use Microsoft Excel! Spreadsheets and risk registers are great, but can you quickly send notifications to key stakeholders? Can this process even be automated? If you can answer yes to one or ideally both of these questions, you’ve got a great candidate for risk reporting in your organisation. 4 Robust Risk Reporting Does your desired risk management software have the ability to record and define various key risk indicators (KRIs)? The risk management programme needs to be appropriately defined and recorded for internal reporting with key stakeholders in your organisation. Create clean, organised, and detailed reports that meet the needs of your organisation with robust risk management software such as Risk Wizard. 5 Compliance Management All risk management processes within your organisation are done with the health, safety and wellbeing of individuals within your organisation in mind, but they must also be compliant with regulatory bodies in your jurisdiction. Does your preferred risk management software come with compliance management functionality? It definitely should! 6 Fully Auditable Processes Following on the previous point, transparency and accountability are key for many processes within your organisation - risk management is certainly one such area where accountability is necessary. Your desired risk management software solution must be auditable. Not only is this important towards remaining compliant with regulatory bodies, but it’s also needed in the event of internal audits as well. External audits will also be facilitated with risk management software that is fully auditable. Risk Wizard For all of the above features, look no further than Risk Wizard.

  • Excel versus Risk Wizard: PROs and CONs

    Excel is a wonderful software application that’s been around since the dawn of the internet age. One of the biggest benefits of Excel is that it’s well-established and well-understood by its millions and millions of daily users, as well as being extremely versatile as a spreadsheet software solution. Accountants, engineers, floral boutique owners, and project managers may have little in common, but the frequent use of Excel to aid in business operations is quite common amongst all of these diverse fields. Is Excel the King of Data Analysis? Yes and no. Its ubiquitousness and its relative ease of use (at least, at the surface level) make it king in popularity. It’s sort of a jack of all trades, master of none. Data scientists and mathematicians, for example, tend to use more robust data software better catered to their needs. Likewise, risk management professionals can get by with Excel as they have for decades, but it doesn’t make Excel the best software, it just makes it amongst the most common ways of tabulating and visualising data pertaining to risk management. PROs and CONs of Microsoft Excel for Risk Management PROs Well understood by most professionals; Flexible and easy to adapt to risk management tasks; CONs Lack of real-time reporting, instant messaging and notifications to key stakeholders; Lack of robust scheduling capabilities; A proactive, not reactive solution that is in demand by risk management professionals; Lacks specific toolsets ideal for risk management. There is a Better Way There’s nothing inherently wrong with Excel, but for risk management professionals who have outgrown Excel, the good news is that purpose-built risk management systems have taken off. Risk Wizard is one of the most robust risk management software solutions built and designed with risk management professionals front and centre. PROs and CONs of Risk Wizard PROs Easy to use, secure, and reliable; Reassures stakeholders, including board members, auditors, and owners; User-friendly thanks to its intuitive UI; Affordable pricing, making it suitable for all businesses big and small; User reporting tool engages employees and stakeholders; Bespoke and can be tailored to meet the exact needs of your organisation; Save time, money, and effort with Risk Wizard’s streamlined yet robust UI. CONs Not as well known as Excel; Lacks the big marketing budget of Microsoft; Not ideal for non-risk management professionals (e.g. accountants, shopkeepers, etc.). Excel vs Risk Wizard: Which is Best for Risk Management Professionals? It should be clear that for risk management professionals, Risk Wizard is a clear winner in many regards. If you’ve outgrown Excel and require a more robust, tailored software solution to assist with real-time reporting, notifications, and customisable risk profiles within your organisation or industry, you’ll be pleased with what Risk Wizard has to offer. But don’t just take our word for it. Get started today with a demo of Risk Wizard to see if it’s appropriate for adoption within your organisation. Don’t worry about reinventing the wheel and importing all of your data manually from Excel, either. We make it quick and easy to transfer existing data to the Risk Wizard software so that you can get right back to doing what you do best. Risk Wizard Give Risk Wizard a go today and experience high-quality, user-friendly risk management software built with risk management career professionals in mind.

  • 5 Reasons Why Data Security Matters More Than Ever

    Only a few short decades ago, data security mostly meant shredding paper documents and locking sensitive documents in locked storage cabinets. Today, the vast quantity of data being stored by businesses and individuals alike on hard drives and digital media is far more than perhaps most of us could have ever anticipated. Data security is a major industry due to the massive risks that are possible. Companies specialising in risk assessment, IT asset disposition (ITAD), and cybersecurity continue to grow consequently. Below are a few major reasons why data security has perhaps never been more important than now: 1. Data Breaches are Commonplace Every year, thousands of Australian businesses suffer the consequences of data breaches. Governments and institutions are no different in this regard, with foreign countries suspected of being behind two major cyberattacks in the winter of 2020 on the Australian Government and Australian National University. 2. Data Privacy Regulations are Evolving The European Union introduced the General Data Protection Regulation in 2018 with implications for any business operating in the EU as well as those handling data on EU citizens. This means that Australian businesses can be fined under the GDPR, even if the owner’s never set foot in the EU. Similarly, Australia has passed the Privacy Amendment in 2018 and many other countries have followed suit with data privacy laws and regulations. 3. Data Breaches are Very Expensive Data breaches can be financially crippling to any organisation and costly to the reputation and trust between the organisation and customers. IBM revealed that the average cost of a data breach in 2020 was about $3.86 million USD (about $5 million AUD). The cost of a single data breach alone can put many corporations out of business, or at the least lead to significant shareholder distrust and tumbling stock prices. It’s evident that data breaches are a risk to avoid with good data security practices and policies in your workplace than to have to deal with. 4. The Importance of Proper Data Disposal Tossing old hard drives into the refuse without thoroughly wiping them and/or having them professionally destroyed by an ITAD company exposes a potential gold mine of sensitive data to thieves, so it stands to reason that your organisation should have secure data disposal practices in place. Not to mention the concern over a growing e-waste crisis worldwide, so finding more sustainable methods of data disposal helps your organisation remain compliant and sustainable. 5. Outdated Risk Management Practices As with many professions, risk management has evolved to meet the challenges of today’s business world and all the complexities and challenges posed by data security. Those that fail to understand the importance of data security can potentially put their entire organisation at risk, so outdated practices need to be brought up to speed. Professional risk management software such as Risk Wizard are a must-have for serious risk management experts that want the full functionality and flexibility needed for today’s fast-paced world. Risk Wizard Use Risk Wizard and experience the benefits of our simple, affordable risk management software for yourself and for the added peace of mind it brings to your organisation. To see how it works, simply sign up for an online demo of the software so you can see it in action before you try out the software in a free, private, and secure cloud environment.

  • 5 Great Reasons to Switch From Excel to Risk Wizard

    Excel is without a doubt one of the most useful tools for business, mostly because it’s just so versatile but also because it’s widely known and used. It isn’t without its flaws, however, and some programs can do specific tasks just so much better. Consider for a moment that in its current state, Excel likely wouldn’t be widely adopted if it were released as a new tool today. It’s not the most contemporary piece of software, but nevertheless it remains popular simply because it’s been so ingrained in most of us for decades. Risk Wizard is your go-to software for risk management, compliance, and incidents. Below are five great reasons to make the switch from Excel (or whatever you are currently using, for that matter) to Risk Wizard: 1. Notifications and Incident Alerts Although it’s possible to set up macros in Excel, a little bit of basic programming skills will be required to create notifications and to write the macros in the first place. It’s also time-consuming when you should be spending every working hour creating value and getting things done productively. That’s why Risk Wizard is built so that quick email notifications can be sent out to the right people at the right time. Emails can be tailored to be sent out as, for example, incident alerts to safety supervisors or task reminders to key personnel for overdue tasks. 2. Big Picture and Details - All in One Meetings with key management personnel should be kept clean and concise, which can be accomplished in Excel by turning tables into graphs then exporting into PowerPoint, for example. That’s time-consuming, so there’s got to be a better way with risk management in mind. Risk Wizard can quickly create relevant graphs from detailed datasets that are ready for the boardroom as-is. 3. Professional Software for Risk Management Optics matter, which is why, for example accountants use QuickBooks or MYOB in Australia rather than Excel to prepare quarterly statements. Using a tailored professional software for risk management demonstrates to key stakeholders that your business takes risk management seriously. 4. Flexible for Your Business Needs Risk Wizard can be fine-tuned to provide your organisation with the systems that it uses on a daily basis, making it a bespoke solution that needs the specific needs of your business. Need a quick report on KPIs or metrics that higher-ups want to see? That can be auto-generated at the click of a button. Need to create your own reports? Risk Wizard can do that too. 5. Trim the Fat, Keep the Meat & Potatoes One of the great things about Excel is that it’s got a heck of a lot of functionality. If you work in risk compliance, however, much of this is probably useless to you and only clutters the already-cluttered interface. Functions that are useful for engineers or data scientists, for instance, will probably never see use. You need a program that’s designed for risk management and compliance. Risk Wizard was designed to have an easy, user-friendly UI that’s quick to load up, easy to navigate, and secure. Implementation only takes a couple of days instead of months and learning the software is straightforward thanks to its user-friendly design. Risk Wizard Risk management teams and personnel have much to gain from making the switch to Risk Wizard. Give it a go today and experience cutting-edge risk management, compliance, and incidence reporting software. Get a Demo: Visit riskwizard.com/demo or email to: sales@riskwizard.com

  • Why IT Companies Need Risk Management Tools

    IT and software companies in today’s digital age require professional risk management tools now than perhaps ever before. These types of businesses are prone to specific types of risk that need to be mitigated and managed, which is where reliable risk management software comes into the picture. Almost all businesses today use big data analytics to assist with marketing strategies, product design, keeping metrics on productivity, providing superior customer feedback, and much more. While this used to be largely in the domain of large corporations, the barrier to entry has now sufficiently lowered that small and medium enterprises (SMEs) are now getting on board with these digital tools. More Data, More Risk Businesses in the IT and software development industry perhaps deal with more data than many others, such as small restaurants and your local roofer. With so much data circulating within the organisation, much of which may be sensitive data, there is a persistent risk of costly data breaches. Data breaches are not only becoming more costly around the world, but they’re also compromising an ever-greater number of sensitive data records and are happening with greater frequency as well. Risk management software is thus a key component of your efforts to perform due diligence and to maintain compliance with regulatory and governmental bodies with regards to data privacy. Data Security and Compliance While the 2018 General Data Protection Regulation (GDPR) stands out as a modern example of a rigorous effort to protect private data in the European Union, Australia has had its own Privacy Act dating back to 1988. Of course, the Privacy Act of 1988 likely could not have predicted the mass collection and sharing of data enabled by the internet and cloud computing, but it nevertheless has been amended and revised such that it now bears many similarities with the tight compliance necessary under the GDPR. One key similarity between both regulations is that businesses must notify individuals in the event of a data breach. Phishing, gaps in cybersecurity, or compromised data from discarded IT assets can all cause costly data breaches, and as an IT or software development business it is your responsibility to notify all affected individuals as soon as possible. Reputation in All Things Digital It’s a serious blow to the reputation of any business if their sensitive data containing your personal information, for example, has been breached. Customers lose trust in the organisation, and many will begin to do business elsewhere. All of this affects your bottom line, making it a fundamental risk that should be avoided with professional risk reporting software and proper due diligence. Software and IT companies, however, suffer far more from the effects of hacks or data breaches. After all, the main product or service offered is digital - if your business is offering a digital product/service and you cannot keep your customers’ data secure, why bother purchasing the product/service at all? Data breaches are amongst the biggest risks facing most businesses today, not only IT and software development companies. That’s why a robust risk management solution is necessary. Consider trying out Risk Wizard for free today. Risk Wizard Risk Wizard is a sleek, modern risk management software solution which can help mitigate key risks such as data breaches, phishing, and cybersecurity risks for your organisation. DEMO: Visit riskwizard.com/demo

  • Implementing New Risk Management Software

    If only onboarding all colleagues in your organisation with new software were a matter of installing it and letting the pieces fall where they may. There are plenty of challenges with systems implementation - just as your IT department - which can make or break the success of any new system or software. Consider the following before procuring risk management software in your organisation: If It Ain’t Broke, Don’t Fix It Many of your colleagues may be averse to learning new software, particularly if they’ve invested years into using a package that just works, wrinkles and all. In some cases, the difference between the old and new can be stark, such as switching from Windows to macOS, but in others, it can be rather straightforward such as switching from Microsoft Excel to Google Sheets, for example. Anyone who has had to promote a newer, better software package has to convince all stakeholders that the software is better-tailored to the needs of your organisation as they will be resistant to change. Also, consider that your choice of risk management software will only be as effective as the human capital invested in using it to its full potential. This is a key factor that should be considered before investing in new risk management software. Points to Consider In order to get everyone on board, you’ll need to pitch the idea to directors and stakeholders that will be using the risk management software. Be sure to plan properly and ask yourself the following questions: Does the risk management software meet the needs of my organisation? Is it easy to use (i.e. clean user interface)? Does it permit real-time event tracking? Does it cover qualitative and quantitative risks? Does it allow you to identify the root causes of risks? Is real-time risk notification embedded and easy to implement? Can reports be customised and prepared easily? How does it enhance organisational compliance? Is it securely cloud-based or will you need to store sensitive data on local servers? Is a free trial available to try out before putting a single dollar down? The Right Solutions for Modern Risk Management Professionals If you’re looking for great, cloud-based risk management software that ticks all of the above boxes and has a clean UI mixed with all of the functionality for advanced users, look no further than Risk Wizard. We provide free software trials, so if you aren’t satisfied with the product (and we’re confident you will be satisfied), no worries and no need to pay. Onboarding with Risk Wizard takes hours or days to set up rather than weeks which is common with many other competitor software for risk management. What makes Risk Wizard your best choice for risk management, in addition to all of the above benefits, is that you can easily transfer data from your existing systems onto Risk Wizard. This cuts down on setup time and makes it easier for colleagues to get on board. Risk Wizard Get in touch with Risk Wizard today if you’d like to leave us an enquiry regarding our product. Take advantage of our free demo to see if it’s right for your organisation.

  • 5 Tips for Choosing the Right Risk Management Software

    Choosing the right software for your organisation is seldom as easy as choosing software for your own private life. Not only do you need to acquire the software and have it installed on one or more workplace devices securely (i.e. without putting the organisation at risk from data breaches), but you’ve also got to provide lenience for the learning curve and acceptance of the software by employees and colleagues. This is made all the more challenging, although for good reasons, due to the wealth of choices available. This is evident with the vast amount of risk management software available in today’s market. Consider the following before settling on a software package for your organisation: 1. Open-Source and Free Software Quite often, you really get what you pay for, which means that open-source and free software solutions are often bare-bones in their user interface and limited in functionality. Nevertheless, some free software packages are reasonably for smaller organisations, such as SpiceWorks and SimpleRisk. 2. Paid Subscription Models Paid subscription and paid license risk management software is a rapidly evolving and competitive niche, so you’ll find plenty of companies offering a wide range of services appropriate for your organisation. There are too many to name here, but a few notable examples that come to mind include: NetSuite: a full enterprise risk management software package ideal for multiple use cases. ERA Environmental: specifically tailored to health and environmental risk management. Risk Wizard: full cloud-based risk management suite that is secure and includes user support and end product licensing. 3. Features Perhaps the most important consideration when it comes to actually using the software is the question of features. All of the useful features for your organisation will likely differ drastically from other business cases in different industries and sectors, so this particular point is worthy of expanding into its own article, but for now, a few helpful questions you may wish to ask include: Does the software enable organised event monitoring? Is it possible to identify the root causes of risks? Is real-time risk notification part of the software? Can customisable reports be easily prepared? Is the software cloud-based, internally hosted or both? 4. Systems Implementation How easily will your colleagues adopt the new system? It’s well known amongst IT staff that implementing new software can be a real challenge, especially for veteran employees that have become accustomed to the existing software with an ‘if it ain’t broke, don’t fix it attitude.’ The key to winning the approval of your colleagues is to choose a product that they’ve tried and tested just as much as it’s important to choose a product that is intuitive and user-friendly. Risk Wizard provides a month-long free trial, which is ideal for meeting both of these criteria. 5. Updates and Notifications Real-time notifications are awfully convenient, but our phones and laptops constantly being inundated with non-relevant notifications can lead to desensitisation and frustration. Risk Wizard sends relevant real-time notifications only to the appropriate users, thus helping you maintain compliance as well as cutting down on non-essential notifications to team members. Risk Wizard Get a demo: Visit riskwizard.com/demo or email to: sales@riskwizard.com

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