Meet needs & legal requirements with the right support system

Risk is about uncertainty factors and the ability to identify and prioritise the most important risks and manage them in different dimensions and areas. Despite the knowledge of how to best conduct risk work, many companies are still stuck in manual work methods that makes the work more difficult to conduct.

The Financial Supervisory Authority and the European banking authority EBA's legal compliance requirements drive a large amount of administration that the companies have to manage. This places high demands on businesses within the sector to demonstrate that the requirements they are subject to are actually reflected in how the work is carried out.

Increased requirements for information security and GDPR compatibility require that companies are equipped with the right tools that support the systematic work with information security as well as the distribution of responsibility in the organisation and support for operationalisation through work routines.

Continuity planning is necessary to be able to prepare for and act quickly upon unexpected events that can result in serious business interruptions and large financial costs. Here, a systematic approach is required to identify, analyse, assess and control risks in order to minimise the large effects.

An internal audit shines a light on a number of areas within the business and gives the board and management a balanced picture of how well processes and routines are working. Here, it is of the utmost importance to have support for both the documentation and the continuous work and then accordingly acting on recommendations and developing action plans.