Performance with Integrity
Our software solutions enable the digitalization of GRC processes and anchor them efficiently within the organization. Our software risk2value builds a bridge between operational levels and top management by allowing them to link different GRC information across multiple business functions so that they develop a common frame of reference for transparent decisions on various management levels.
Digitalize your GRC processes to ensure your
company’s sustainable success.
With risk2value, midsize companies and large corporations can implement and integrate a wide range of Governance, Risk and Compliance applications in a complete GRC framework. This professionalizes their GRC activities to save both time and costs.
RISK
Assure the resilience and sustainable competitiveness of the organization
CONTROL
Foster the proper functionality and robustness of processes, internal guidelines and requirements
COMPLIANCE
Contribute to achieving resilience and sustainable competitiveness of the organization
AUDIT
Establish an independent control unit to detect organizational deficiencies and improve continuously
SECURITY
VALUE
Implement strategies for a sustainable and value oriented development of the corporation
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View a selection of risk2value clients.
We appreciate the trust our clients place in us. These are just a few of the companies that let us optimize their GRC processes.
avedos is your partner for GRC in Europe.
Whether a single GRC process or an integrated GRC, a quick solution or an extensive project – we can do GRC in any form!
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The significance of risk management
has grown dramatically in recent years
Globalization, the changing requirements of increasingly deregulated markets and mounting pressure to lower costs have revealed a clear need for a structured approach to risk management in many organizations. Regardless of their intrinsic motivation, companies can utilize existing risk management regulations as guidance:
- National legal requirements such as BilMoG, KonTraG (D), OR (CH) and URÄG (AT)
- Capital requirements for banks (Basel II) with specifications on credit checks, rating procedures and lending activities
- Rules and policies on corporate governance in organizations such as the German Corporate Governance Codex (DCGK)
Viewing individual risks in isolation no longer suffices to fulfill the various legal and internal requirements of today’s companies. An integrated approach provides far greater benefits by enabling a holistic view of risks, embedding risk management in enterprise management, and clearly aligning with corporate goals.
Companies can fulfill this vision through a risk-driven approach that is rooted in their corporate culture and institutionalized through risk management software. Employee commitment is hereby essential to implement the developed risk management processes and truly live them in everyday business.
An integrated risk management approach
releases potential for increasing value.
To cover the comprehensive demands on risk management, companies need a broader approach that is anchored in the corporate culture as a solid framework. This ensures that risk management releases its potential for increasing value by enabling companies to take more risks through greater control over them.
Despite these insights, many companies still work with isolated solutions, which lead to a variety of problems. In particular, these silos hinder an enterprise view of all relevant risks and effective ways to deal with compliance and operational risks. An integrated approach, in contrast, closes the gaps between compliance and risk management processes, reduces duplicate work, and enables a comprehensive view for management.
Contemporary approaches to risk management driven by risk management software empower companies to establish strategies for building profit and value while transforming their view of risk from a potential danger to an opportunity for strategic growth.
Risk management software supports this process throughout the following steps:
Identification
Risk identification is a key task of the process since each non-identified risk poses a threat. Identified risks are generally aggregated by risk types or fields for easier processing.
Control
Companies can use various measures to control risks depending on their nature and urgency:
- Avoiding risks that pose a grave threat
- Reducing the probability of a risk's occurrence
- Transferring or sharing risks (e.g., through insurance or partnerships)
- Accepting risks that only pose a minor threat when their reduction is not economically feasible
Evaluation
Risk management software provides various qualitative and quantitative methods for risk analysis such as self-assessments or Monte Carlo simulations. Quantifying risks is the foremost objective of the risk evaluation.
Reporting
Integrated reporting is necessary to ensure effective risk management. These reports, which stem directly from the software, ensure on-going checks of processes and measures and enable a complete risk overview for management.
Advantages of a risk management software
To adequately implement an enterprise risk management approach in line with these steps, companies should deploy a tried-and-tested risk management solution that maps and supports existing processes or provides a method that aligns with common standards. Companies profit from:
- Transparent display of all processes contributing to risk management
- Audit-proof mapping of all transactions
- Automated log files of all user changes
- Views of the risk situation in the desired granularity
- One-click availability of vital information for audits and certifications
Modern risk management lays the foundation for an integrated collection of capabilities, methods, processes and tools that enable organizations to reliably achieve their objectives and cope with uncertainty.
Contact us. We look forward to speaking with you!
Do you have any questions? We’d be happy to assist – either personally or online through our contact form.
We are available Monday through Thursday from 9:00 AM to 5 PM (CET), Friday from 9:00 AM to 4 PM (CET).