Operational Risk Assessment (ORA)
A highly flexible, configurable web-based solution that enables you to visualise, monitor and control Operational Risk across your business.
The software is fully configurable to support each department’s unique risk management needs,
and delivers a centralised framework for integrated analysis and reporting.
Q4 allows you to drive risk management best practices across your organisation, streamlining your procedures,
and making them consistent and more efficient.
Key features and Benefits
- Create and monitor key performance indicators (KPIs) for risks and controls
- Central source for risk documents including entities, processes, risks, controls and results
- Dashboards, charts and dimensional reporting provide insight into risk across your business
- Track loss incidents and near misses, record levels and determine root causes and ownership
- Identifies key scenarios and assesses their impact to aid risk assessment
Q4 helps you define and manage risks and controls, measure loss events and track risk metrics using Key Performance Indicators (KPIs).
Its centralised database enables you to standardise your risk management and improve process consistency across your organisation.
Fully configurable automated alerts and notifications can be personalised to each user or role.
Specific alerts can be routed to the appropriate users, prompting them for required input,
including schedule notifications and event-driven alerts.