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ERM Enterprise Risk Controls Management Software Solution

ENTERPRISE RISKS AND CONTROLS MANAGEMENT SOFTWARE SOLUTION

Unknown to Known . Risks to Opportunities

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Strategically manage Enterprise level risks

Lawrbit’s Enterprise Risk & Controls Management Software connects risks to origin, designed controls, evaluation, evidence; allowing 360o view of Enterprise wide risks with real-time, intuitive reports and dashboards for CXOs & auditors to proactively identify process gaps and take timely corrective actions

Strategically manage Enterprise level risks

Integrated Approach Towards Enterprise Risks & Controls Management

Integrated Approach Towards Enterprise Risks & Controls Management

An effective risk management strategy focus on tying all risk sources, entities, functions together; enabling the risk officers protect business interests while bringing process owners spread across locations collaborate. Lawrbit’s ERM Software:

  • Define group level risks & controls.
  • Trickle down to business, entity & functional level, while allowing them to add their specific risks & controls.
  • Identify risks by source of origin or globally recognized frameworks (COSO, COBIT, etc.)
  • Assess risks against various dimensions using multiple configurable aspects viz, impact, likelihood, etc.
  • Configurable & Scalable. Each business can be operate independently, yet connect with common thread; creating Risk Organogram across group
Improved Processes, Workflows

Improved Processes, Workflows

Intuitive & user friendly interface makes it simple for users to interact with system to provide quality information on timely basis

  • Adopt best practices to improve internal processes
  • Effectively engage process owners, leaders through an interactive interface and powerful workflows
  • Allocate risks and controls across enterprise, between functions, locations and process owners
  • Define evaluation frequency, generate ad-hoc evaluations, sample size depending on nature and criticality of risks
  • Automated notifications & reminders to control owners when an evaluation is due or pending
  • Maintain consistency and efficiency in data gathering, follow up on action plans and reporting
HIGHLY CONFIGURABLE, FAST TO IMPLEMENT

HIGHLY CONFIGURABLE, FAST TO IMPLEMENT

Risks are dynamic, iterative and responsive basis business environment; so shall be an effective ERM. Lawrbit’s ERM system is highly configurable to your organization.

  • Configurable, no coding, drag-n-drop options allows for unique tailoring to your business
  • Administer your program to adapt the system to your business; add, edit, reallocate risks and controls in accordance with changing business needs
  • Attach and link policies, SOPs or other documents to risks; enabling user to understand better
  • Role based access control at each level
  • Supports both top-down and bottom-up assessments to summarize risk profile of a business or organization
Document Management

Document Management

  • Define type of documents and maximum size of documents allowed to be uploaded
  • Advance search for download basis multiple parameters; download multiple documents
  • User can upload multiple documents, tag them as Evidence, Supporting doc & Working Sheet
  • Add Confidentiality tag for each document
  • Temper proofing of document - Once uploaded, deletion, modification not allowed
Gain Insights With Analytical Reports & Dashboards

Gain Insights With Analytical Reports & Dashboards

  • Interactive dashboards with drill down, trend charts, location & function wise heat maps
  • GeographicalHeat Map with drill down
  • Custom view for CXOs & board with their own views for direct access risk data in the system
  • Link strategic risk to today’s operations and save weeks of report preparation.
  • Establish risk governance and issue reporting framework with clear accountability for users and risk executives through “Matrix Report”, an innovative report builder
        -   Create & save multiple report templates
        -   Schedule report for auto mailing
Value Added Innovative Features

Value Added Innovative Features

  • Integrated Ticket Centre allowing users to raise support tickets, get resolution, rate responses
  • Manuals, Videos to help user learn system
  • User can customise Notification, Reminder settings; define frequency & periodicity
  • Internal chat Application: Users can chat with other active users, leave offline messages
  • Audit Trails for every action by user & User rights, settings by Admin
  • Contact Directory with user details

SYSTEM & DATA SECURITY

Dedicated to ensure you’re fully secured when accessing our service. With evolving threats, we have taken multiple measures to avoid unauthorized access & ensure secure data in transit and at rest

Application Hosting & Infrastructure

  • Hosted on AWS DC in Mumbai; can be hosted in any of 70+ Availability zones in 24 Regions in accordance with Data Localisation requirements
  • Certified with security protocols ISO27001, ISO27017, ISO27018, SOC1/SOC2, PCI-DSS
  • Using Full Stack of Services by AWS to ensure data security & application performance - CloudTrail, Elastic Compute Cloud, Simple Storage Service, Relational Database Service , Identity & Access Management, Multi-Factor Authentication Config, CodeCommit, CloudFront & Many More

Architecture & Process Control

  • 2 Factor Authentication to protect identity
  • Role Based Access Controls
  • Software Development level Security protocols
  • Strong Password Policy with 180 days expiry rule
  • Risk/Vulnerability Assessment and Remediation
    • Automated & Manual Software Testing
    • Periodic Internal and 3rd party audits
    • Change Management
    • Process in place mitigate Security Incidents
    • Security Training for Employee

DR, Back Up & Network Controls

  • Daily / Monthly data backup; accessed by IT
  • Backups on AWS cloud with secured access
  • Backup jobs are tested on 6 monthly intervals
  • Data Encryption using AES 256
  • A secondary DB is created on AWS - RDS on real time basis (0.02 seconds)
  • Disaster Recovery option enabled
  • Corporate Wi-Fi & VPN for access controls
  • Firewall configuration and
  • Network logs are maintained & assessed
  • Identity Management controlled

LIFETIME SUSTENANCE SUPPORT

Offered as SaaS; client always enjoys advantages of recent innovations

TECHNOLOGY UPGRADES

Underlying technology & app are upgraded frequently to keep with changing needs & evolving tech landscape

RESEARCH & DEVELOPMENT

Substantial portion of revenue is ear marked for R&D to build new features & functionalities to ease end user work

Domain AND Tech Support

Product related issues to be addressed by our team of Engineers. Configuration & Operation Support on Demand
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