Strategy & Performance management
Link Enterprise Risk Management to Strategy & Performance
No risk without strategy. This means that strategy must be the foundation of your overall Enterprise Risk Management system.
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TOP FEATURES FOR ENTERPRISE RISK MANAGEMENT:
Strategy map
By using a strategy map you create an integral overview of your strategy, management and the associated risks.
COSO ERM Framework
Comply with the COSO ERM Framework by linking risks to your organization's strategy and performance.
Risk Dialogue
Facilitate your top management by providing an accessible overview and structure so that risks can be discussed.
Filter specific risks
The Strategy & Performance module offers the possibility to focus on specific risks. For example, select the privacy risk, IT risk or financial risk and relate it to the strategy of the organization.
Risk Management and Strategy: A Golden Combination
The feature Strategy & Performance offers the possibility to report your strategy and management in a clear way. What is unique about this feature is the possibility to link risks directly to the strategic goals. This is the ideal way to efficiently carry out your tasks as a controller.
An Overview of Your Strategy
A strategy written down on dozens of pages often fails to catch on with management. Stop using thick documents and present your policy and investment plans in a clear way – thanks to the strategy map. Thanks to NARIS Next, you can record various strategies and management models (INK, BSC, A-3) in a single overview, which is convenient for presenting important results of risk analyses
Your Strategy & Risks at a Glance
Once the strategy is defined in the strategy map, it is possible to link the existing risk profiles to the goals or activities for achieving the goals. Again, the choice for extensive Excel files is often not the right one. Use the risk strategy map to create insight in those activities that have no risks, but also in risks that cannot be linked to the strategy.
Tone at the Top
The exemplary behaviour of the management is crucial to let risk management live in your organisation. By conducting a strategic risk dialogue with the strategy map, focus is created. The willingness to take risks is central to this. It is about how much risk people are willing to take in order to achieve the goals.
From Operational to Strategic Risk Management
In practice it is difficult for risk managers to get involved in strategic risks. In many cases the attention is more on the operational risks. After all, these are tangible and concrete. NARIS Next offers features to reach a higher level and to hold the attention of top management.
Perform Your Own Scenario Analysis
You don’t need to be a statistician or mathematician to perform scenario analyses. You can calculate the strategic and external risks yourself using our tooling. In this way the consequences, both financial and in terms of impact on the continuity of the business, become tangible. This can be done, for example, by carrying out a Monte Carlo simulation with our software.
Frequently Asked Questions
Can’t find answer?
NARIS GRC is very versatile, but many organizations want to introduce it step by step. That is why we facilitate this easily. You can use and configure those parts of the software that you need at that moment. Together we can determine what is most valuable in the beginning and what the growth path is. We are happy to help you with this, so please contact us for the possibilities.
Life is like a box of chocolates. We are happy to help you make the right choice. You can opt for a version that helps you leave Excel behind and take the first steps in professionalization, but if your organization has already come a long way and you want to do everything yourself, that is also possible, so please contact us for more information. possibilities.
If you want, you can set up the environment yourself. The software guides you through this. You can go through a wizard that prepares your device. After that it’s just a matter of starting. You can click Help anywhere in the software and you will be helped on that part with extensive help texts and videos that show you step by step what to do. Do you want us to guide you? That too is possible. We not only help with the design of the software and best practices, but also with consultancy work. Please contact us for the possibilities.
Many software suppliers of GRC software “lean” on the certifications of their hosting party, we also want to be safe ourselves. That is why we have been ISO 27001 certified since 2016. Isn’t that what you expect from your GRC supplier?!
Yes. We have many references and we would like to put you in touch with them. But it is not only important to get to know other organizations in the beginning, it is also good to learn from each other in user groups while using the software. In addition, we have been known for years as the party that shares knowledge! Have a look here
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