Risk within an enterprise can come from various sources including mergers/acquisitions requiring extensive integration in a business unit, new regulations that may be subject to varying interpretation or entry of a company into a new market with substantial exposure and return. By implementing an enterprise risk management (ERM) framework, organizations can reduce the likelihood of unexpected disruptive business events in their environment. An effective Enterprise Risk Management system implementation helps them increase their operating margins, reduce earnings volatility, enhance process efficiency, improve regulatory compliance and optimize cash flow reserves.

HDL’s  Enterprise Risk Management (ERM) software solution
Enterprise Risk Management (ERM) software solution from HDL Systems enables organizations to identify, assess, quantify, monitor, and manage their enterprise risk in an integrated manner. It brings together all risk management related data – a reusable library of risks and their corresponding controls and assessments, results from individual assessments, key risk indicators, events such as losses and near-misses, issues and remediation plans – in a single solution. Its workflow capabilities streamline the risk assessment process and enable organizations to set their priorities using risk heat maps to make strategic decisions on risk response.

HDL uniquely combines software and content to deliver Enterprise Risk Management software solution to customers. Embedded best practices content helps define the scope of processes and sub-processes for which risk management needs to be performed and guides development of control and test libraries. It also provides other intelligent and content driven features such access to training content from an expert community from within the solutions and integration of business processes with regulatory notifications and industry alerts