Operational Risk Management
Managing and mitigating operational risk is an integral part of enterprise risk management (ERM).
“Infogix helped us measure, monitor, and mitigate operational risk by preventing errors that could result in substantial losses and litigation.”
“Infogix save us millions in labor annually by automating manual inspections of operational data.”
Automated, Independent Data Quality for Operational Risk
Infogix offers automated, independent data quality analysis for monitoring and mitigating operational risks across your enterprise. Infogix uses business rules and analytic algorithms applied at critical risk points in all of your applications on all major platforms to continuously validate vital information, processes, and key risk indicators.
Benefits of Operational Risk Monitoring and Mitigation
- Utilize a single analysis platform for your entire business
- Reduce operating costs by eliminating the waste associated with errors
- Improve risk management transparency while reducing risk exposure
- Improve operational efficiency by detecting and resolving issues before they reach downstream systems, business stakeholders, and customers
- Streamline audit and compliance efforts with a fully verifiable audit trail of analysis results
Infogix Analysis can be deployed at critical risk points to assure the integrity of your critical business information and processes.
- Independently and continuously validate financial reports and the processes that produce them throughout your enterprise
- Create information rules based on your specific business to balance and reconcile information at any level of detail across all lines of business
- Track each transaction’s timing and processing sequence to assure business processes execute as expected
- Proactively validate information, transactions, files, reports, accounts, ledgers, spreadsheets, and databases
- Set limits to stop processing when critical exceptions are detected
- Detect duplicate, missed, and out-of-sequence information and processing
Streamline Audits and Compliance
Infogix helps you reduce the effort and cost of complying with regulations, such as Sarbanes-Oxley (SOX) and other prescriptive legislation, by eliminating errors and mitigating information risk points throughout your business. Enhanced transparency and traceability of your operational risk business rules and algorithms are made visible through a secure, web-based analytics dashboard portal.
A fully verifiable audit trail of execution dramatically drives down audit times. With Infogix analysis, you can continuously monitor your business rules across the enterprise.