Apply a Proven Methodology to Assess and Mitigate Risk
To manage operational risk, you first need to prioritize your areas of risk. That's why we offer Assessment Services to evaluate the information risk of your business processes.
We can identify and prioritize your risk areas, control gaps, and remediation approaches for your operational risk management strategies. We also offer an interoperable framework that we based on more than 25 years of customer interactions. It can integrate with any risk model, and provides a roadmap to help you create a sustainable controls environment.
Deploy a Flexible, Enterprise-wide Information Control Structure
Once operational risks are identified and measured, it's time to deploy automated controls at critical risk points in your systems to ensure the integrity of your entire information supply chains and processes. You can apply our controls to all business processes running on all mainframe and non-mainframe platforms, and across applications. And since our controls are independent of the applications and systems that execute information, you can comply with audit requirements. At the same time, you can manage our controls from a shared platform. This reduces the operating costs and staffing requirements of manual process controls. You create information controls, based on business rules, to:
- Balance and reconcile information at any level of detail, and across all lines of business.
- Track each transaction's timing and processing step sequence.
You can also easily update our automated controls to align with changes and new business demands such as system consolidations. New processing requirements, product lines, and distribution channels. And increased regulatory requirements.
Continually Monitor Processes and Information in Real Time
Visibility of all processes and information limits your exposure to risk, and creates greater efficiency. Our solutions give you an aggregate view of all information controls in real time across multiple systems, processes, and platforms. They also offer early detection to quantify the effects of errors, and to prevent additional processing, research, and reporting. In addition, you can proactively validate information, transactions, and processes across files, reports, and databases by:
- Setting limits to stop processing when it is out of control.
- Detecting missed and out of sequence processing steps.
- Configuring automatic alerts to notify you when there are information errors or duplicates.
Users at all levels can access views based on their responsibilities. You can also organize views by business process, location, or line of business.
Document and Archive All Critical Information
Ongoing review is critical to prevent losses and protect shareholder value. Our solutions maintain essential profiling information and full documentation for auditors. Easy access to required procedures, standardized controls, and results streamlines the auditing process, and reduces the overall auditing expenses. Our solutions can store data from daily, weekly, monthly, or yearly processing cycles. They can also capture and save all historical loss information from 100 percent of your systems or transactions, so that you don't need to rely on an incomplete sampling.
We also provide a top-level view about all controls and their status. You can present this summary information to senior management to ensure that controls are in alignment with the business strategy.
Learn More About Infogix Solutions That Mitigate Operational Risk
Find out about the benefits that our solutions offer. Or contact us today to learn more about Infogix operational risk solutions.
