CP Corporate Planning AG - Controlling, Controlling Software, Consolidation, Risk Management

Overview Corporate Planner CP-Cash Manager CP-Cons CP-BSC Strategic Planner Risk Manager

Risk Manager

Risk Manager is a system which has been developed specifically for use in risk management. It takes the enterprise through each stage, starting with risk identification, proceeding to the damage portfolio and resulting in the finished risk manual. Risk Manager accompanies the entire process, displays and documents the risks, and monitors the implementation of control instruments.

Everything under control. Systematic risk management

In order to meet the demands of risk management, Risk Manager provides assistance in dealing systematically with risks. The entire workflow process can be controlled interactively. The user is led through each step with clear illustrations.

1. Risk Identification

To begin with, the risks which affect the business must be identified. For a complete and structured record of all the risks, in Risk Manager risks are classified into various risk zones, such as operational, partner and market risks. Risk fields and individual risks can then be allocated to the risk zones.

2. Risk Assessment

This step consists of the assessment, or appraisal, of the identified risks. The effect of a particular risk may be expressed directly in terms of a cash value, or indirectly using a rating scale.

3. Risk Analysis

In this phase the risks are analysed. Particular emphasis is placed here on the sorting and display of the risks. The risks can be arranged in a bar chart according to damage, effect or probability of occurrence, or displayed as a damage portfolio.

4. Risk Communication

The purpose of risk observation is to ensure that awareness of the identified risks is systematically maintained. The objectives of risk reporting lie in presenting the data gathered from observation in a systematic internal risk report.

Risk Control

The aim of this step is to reduce the effects of the identified risks as well as the probability of their occurrence by assigning appropriate control instruments.

6. Risk Monitoring

This step involves testing the effectiveness and efficiency of the recorded control instruments. A survey is made of every actual and potential monitoring instrument present in the company. Suitable monitoring instruments are then assigned to the control instruments. A need for action exists if there are control instruments without monitoring instruments.

7. Risk Reporting

Risk Manuals are generated automatically by Risk Manager and may be adapted to suit individual requirements. Text templates can also be used throughout the company, thus considerably simplifying and speeding up the process of creating new Risk Manuals.

Your Advantages at a Glance

Systematic, simple risk management
Complete company-wide risk management process illustrated
Early detection of future risks
Efficient risk reporting
Results of risk analyses presented graphically
Full compliance with external and legal requirements concerning risk management and documentation
Comprehensive Risk Manual automatically generated as a Word document for the auditor
Client capability
Quickly and easily adjustable to individual requirements
Simple operation, quick familiarisation