Digital Risk Monitoring App

In today’s rapidly changing business landscape, organizations encounter significant challenges in managing risks efficiently. The ongoing evolution of risks, influenced by technological advancements, regulatory changes, and global market fluctuations, therefore requires the adoption of more sophisticated and agile risk management strategies. Traditional, manual, and reactive methods are no longer sufficient to address the speed and complexity of modern risks, leading to inefficiencies, higher costs, and increased vulnerability to unforeseen threats. 

We help clients with their risk digitization transformations by assisting them in leveraging digital opportunities to achieve significant business impact. All this can be done with the use of a single app that runs on Celonis. 

Nowadays, achieving greater control has emerged as a strategic priority for organizations. After all, proactive risk management is essential for safeguarding an organization's assets, reputation, and long-term sustainability. Embracing a strategic focus on risk entails transitioning from traditional, siloed approaches to integrated and proactive risk management frameworks that provide continuous monitoring with real-time insights and cultivate a culture of risk awareness across the organization.

Leaders in risk and control face the challenging task of enhancing control mechanisms while also prioritizing cost efficiency. This balancing act necessitates innovative approaches to streamline processes, reduce redundancies, and optimize resource allocation. The objective is to develop a lean yet robust risk management function, accelerated by technology, capable of responding swiftly to emerging risks without imposing an undue financial burden on the organization.

The rise of advanced technologies, digitization, and data analytics presents an opportunity to enhance risk management capabilities. Digitization ensures comprehensive and coherent risk assessments by integrating risk data across various functions, while data analytics empowers organizations to detect patterns, predict trends, and uncover hidden risks, enabling more informed and timely interventions.

In response to these challenges and opportunities, we have developed a state-of-the-art app that empowers organizations with significant control over their risk management functions while significantly reducing associated costs. Leveraging KPMG’s proven risk management intellectual property, our app offers a comprehensive end-to-end solution for real-time risk and control monitoring. 

• Real-Time Risk and Control Monitoring: Stay ahead with live updates and insights into the risk landscape, enabling timely and effective responses.
• Automated Risk Analysis: Utilize advanced algorithms to continuously assess and identify potential risks without manual intervention, ensuring no threat goes unnoticed.
• Automated Control Testing: Ensure controls are always up-to-date and effective with automated testing, reducing the likelihood of control failures.
• Prioritized Workflow Follow-Up: Streamline risk management processes with a prioritized workflow that ensures timely and efficient follow-up actions, enhancing operational efficiency.
• Effective Root Cause Analysis: Identify and address the underlying causes of issues to prevent future occurrences, increasing the organization’s degree of resilience.

• Enhanced Efficiency: Automate routine tasks, reducing the time and effort required for risk management and allowing your team to focus on strategic initiatives
• Cost Reduction: Lower operational costs by minimizing the need for manual processes and interventions, making risk management a value-adding function.
• Comprehensive Coverage: Enable all lines of defense with integrated solutions that cover risk identification, assessment, mitigation, and monitoring, ensuring no aspect of risk management is overlooked.
• Proactive Prevention: Shift from reactive to proactive risk management with advanced root cause analysis and continuous monitoring, mitigating issues before they escalate.
• Trusted Expertise: Leverage proven methodologies and frameworks developed by KPMG, a global leader in risk management, ensuring your risk management practices are built on a solid foundation of expertise.

Our app is designed to offer unparalleled control and oversight, transforming how organizations manage risks and safeguards. Embrace the future of risk management today with our solution, and elevate your organization’s risk management capabilities.