Accelus Risk Manager - Thomson Reuters · PDF fileAccelus risk mAnAger ... ONR 49000, COSO and...

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ACCELUS RISK MANAGER DRIVE BUSINESS PERFORMANCE WITH COMPREHENSIVE RISK MANAGEMENT Thomson Reuters Accelus Risk Manager’s edge lies in its flexibility and completeness of functionality, delivering capabilities that fit well with each company’s unique risk management methodology and framework. The solution provides extensive support for regulatory and compliance frameworks such as Basel II/III and Solvency II and widely-recognized industry standards including ISO 31000, ONR 49000, COSO and ITIL. As a comprehensive risk management solution, Accelus Risk Manager provides features for risk assessments, loss event tracking, indicator monitoring, tracking of risk mitigating activities, risk quantification, and customizable reporting for management and regulators. Accelus Risk Manager is one component within the Thomson Reuters Accelus suite of solutions providing a highly scalable, adaptable and flexible platform to the GRC market. STREAMLINE RISK ASSESSMENT AND RISK CAPTURE PROCESSES Thomson Reuters Accelus Risk Manager is designed to automate the identification and tracking of risks no matter what risk framework is used. The solution features an assessment library in which all relevant questionnaire templates to assess risks, controls and processes, both qualitatively and quantitatively, are held. Users can tailor their assessments to meet their organization’s risk identification and tracking processes. Evaluation of risk information is supported through individual parameterized scoring and calculation formulas, as well as the aggregation of assessments. TRACK MATERIAL EVENTS AND RISK IMPACTS Thomson Reuters Accelus Risk Manager tracks root causes, actual loss events, and recovery efforts – supplying quantitative data about the true costs of risks. The system supports freely configurable capture forms for enterprise-wide collection and management of events with monetary and nonmonetary losses as well as near misses. Events and effects can dynamically be assigned to any organizational units, processes or business products. The sophisticated workflow capture and validation workflow can be linked to internal management accounting and external loss data sources. It also provides a full audit trail for compliance purposes, while enabling complete management oversight of significant losses. See reverse side Directors and senior executives of businesses of all sizes are facing unprecedented pressure from regulators and shareholders to improve their organization’s risk governance infrastructure. Yet many firms continue to struggle to define and manage their risk appetite in these volatile and demanding conditions. Thomson Reuters Accelus Risk Manager software is both powerful and flexible, enabling executives to strengthen risk assessment processes, quantify and aggregate risks, and engage in a proactive approach to risk management. THOMSON REUTERS ACCELUS™ Thomson Reuters Governance, Risk and Compliance (GRC) business unit provides compre- hensive solutions that connect our customers’ business to the ever-changing regulatory environment. GRC serves audit, compliance, finance, legal, and risk professionals in financial services, law firms, insurance, and other industries impacted by regulatory change. The Accelus suite of products provides powerful tools and information that enable proactive insights, dynamic connections, and informed choices that drive overall business performance. Accelus is the combination of the market-leading solutions provided by the heritage businesses of Complinet, IntegraScreen™, Northland Solutions, Oden ® , Paisley ® , West’s Capitol Watch ® , Westlaw ® Business, Westlaw Compliance Advisor ® , World- Check ® , and Avanon.

Transcript of Accelus Risk Manager - Thomson Reuters · PDF fileAccelus risk mAnAger ... ONR 49000, COSO and...

Page 1: Accelus Risk Manager - Thomson Reuters · PDF fileAccelus risk mAnAger ... ONR 49000, COSO and ITIL. As a comprehensive risk management solution, Accelus ... (KRI, KPI, KCI)

Accelus risk mAnAger

DriVe Business PerFOrmAnce WiTH cOmPreHensiVe risk mAnAgemenT

Thomson Reuters Accelus Risk Manager’s edge lies in its flexibility and completeness of functionality, delivering capabilities that fit well with each company’s unique risk management methodology and framework. The solution provides extensive support for regulatory and compliance frameworks such as Basel II/III and Solvency II and widely-recognized industry standards including ISO 31000, ONR 49000, COSO and ITIL. As a comprehensive risk management solution, Accelus Risk Manager provides features for risk assessments, loss event tracking, indicator monitoring, tracking of risk mitigating activities, risk quantification, and customizable reporting for management and regulators.

Accelus Risk Manager is one component within the Thomson Reuters Accelus suite of solutions providing a highly scalable, adaptable and flexible platform to the GRC market.

STREAMLINE RISK ASSESSMENT AND RISK CAPTURE PROCESSESThomson Reuters Accelus Risk Manager is designed to automate the identification and tracking of risks no matter what risk framework is used. The solution features an assessment library in which all relevant questionnaire templates to assess risks, controls and processes, both qualitatively and quantitatively, are held. Users can tailor their assessments to meet their organization’s risk identification and tracking processes. Evaluation of risk information is supported through individual parameterized scoring and calculation formulas, as well as the aggregation of assessments.

TRACK MATERIAL EVENTS AND RISK IMPACTSThomson Reuters Accelus Risk Manager tracks root causes, actual loss events, and recovery efforts –supplying quantitative data about the true costs of risks. The system supports freely configurable capture forms for enterprise-wide collection and management of events with monetary and nonmonetary losses as well as near misses. Events and effects can dynamically be assigned to any organizational units, processes or business products. The sophisticated workflow capture and validation workflow can be linked to internal management accounting and external loss data sources. It also provides a full audit trail for compliance purposes, while enabling complete management oversight of significant losses.

See reverse side

Directors and senior executives of businesses of all sizes are facing unprecedented pressure from regulators and shareholders to improve their organization’s risk governance infrastructure. Yet many firms continue to struggle to define and manage their risk appetite in these volatile and demanding conditions. Thomson Reuters Accelus Risk Manager software is both powerful and flexible, enabling executives to strengthen risk assessment processes, quantify and aggregate risks, and engage in a proactive approach to risk management.

THOMSON REUTERS ACCELUS™

Thomson Reuters Governance, Risk and Compliance (GRC) business unit provides compre-hensive solutions that connect our customers’ business to the ever-changing regulatory environment. GRC serves audit, compliance, finance, legal, and risk professionals in financial services, law firms, insurance, and other industries impacted by regulatory change.

The Accelus suite of products provides powerful tools and information that enable proactive insights, dynamic connections, and informed choices that drive overall business performance. Accelus is the combination of the market-leading solutions provided by the heritage businesses of Complinet, IntegraScreen™, Northland Solutions, Oden®, Paisley®, West’s Capitol Watch®, Westlaw® Business, Westlaw Compliance Advisor®, World-Check®, and Avanon.

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Accelus risk mAnAger

© 2012 Thomson Reuters GRC00108/11-12

DRIVE ACCOUNTABILITY AND VISIBILITY WITH RISK INDICATORSThomson Reuters Accelus Risk Manager helps to implement enterprise surveillance and early warning systems for risk with flexible aggregation of relevant indicators of any type using advanced analytical techniques including Fuzzy Logic. The solution allows a customer-specific definition of indicators and links them to one or many risks, losses, controls, processes and organizational units.

REPORTING AND BUSINESS INTELLIGENCEAccelus Risk Manager includes robust reporting features such as dashboards and heat maps that enable at-a-glance executive monitoring of critical risks. The solution comes delivered with a library of standard reports and the ability to easily create personalized reports.

INTEGRATIONAccelus Risk Manager fits well with client environments. All relevant data from third-party systems can be seamlessly imported into the platform by way of a standard interface. The same applies to sharing of data, for which not only base information but also computed results are can be exported with ease. LDAP synchronization to manage user profiles and rights is fully supported, as is full connectivity to email systems to support the notifications process.

FUNCTIONALITY AT A GLANCEEVENT MANAGEMENT• Flexible collection, classification and management of internal and external events• Configurable to capture loss event information for legal cases, compliance issues, near misses etc.• Multi-level capture and confirmation workflows with authorisation and notification triggers

RISK ASSESSMENT• Qualitative and quantitative assessments supported by complete workflows• Assessment of risks, controls, compliance tasks, disaster recovery planning etc.• Versatile scoring and calculation tools enable sophisticated risk analysis

INDICATORS• Full control and monitoring of all types of internal and external indicators (KRI, KPI, KCI)• Definition of thresholds and triggering of alerts• Full ability to calculate and aggregate data to create unique indicators

ACTION TRACKING• Manage all plans and sub-tasks• Control documentation and monitoring of completion information• Link action tasks to risks, controls, assessments, and other elements of the solution flexibly

RISK QUANTIFICATION• Fully integrated into the architecture• Calculations use direct inputs from assessments, losses and indicators• Regulatory and economic capital calculation,

combined with Monte Carlo simulations and stress testing capabilities

ANALYSIS AND REPORTING• Presentation and analysis of all data, internal and/or imported• On demand and real-time updates to reports• User-defined dashboards for summary views, with full drill-down exploration• Customizable reports for management or

regulatory reporting

OVERALL FUNCTIONALITY• Multi-currency and multi-lingual• Able to support matrix organizational structures• Flexible approach to both data and workflow• Integration with internal systems and third party

content using standard interfaces