Operational Risk Management
The focus on integrated governance, risk and compliance, regulatory measures such as Basel II, and risk focus of Audit Standard 5 of Sarbanes-Oxley have required organizations to take a more disciplined approach to operational risk management. This heightened focus on operational risk management is also being driven by a growing realization that a comprehensive operational risk management program can result in improved bottom-line business performance.

Paisley's comprehensive governance, risk and compliance solutions include a purpose-built component for operational risk management. The operational risk management functionality enables an organization to track material risks, quantify risk costs, reduce the risk of loss, improve business processes, and empower business process owners by providing greater accountability. Paisley's governance, risk and compliance solutions offer a consistent and sustainable framework for identifying and managing operational risks resulting from failed processes, people, systems or external events.

With a configurable, three-dimensional risk framework, the operation risk management functionality provides a comprehensive view of material risks impacting an organization. This risk framework can easily be configured to a variety of organizational structures or methodologies, enabling organizations to adapt the solution to their unique systems and processes. The system also supports a top-down risk assessment approach that measures risk for every entity in the organization and a process level risk assessment approach that analyzes business processes across the organization

Paisley delivers this industry leading risk management functionality as a component of Paisley Enterprise GRC™ or GRC on Demand™.