Risk Monitoring

Monitoring changes to individual risk profiles provides assurance about the effectiveness of existing controls at mitigating risks as expected. It also highlights where a revision to risk treatments may be required which transforms once static risk assessments into a consistent, dynamic review process.

Analysis Queries

Run queries to find groups of risks that match specific criteria. Build up complex queries by combining criteria, that search across multiple registers, such as all risks at red, assigned to a particular user, that have been categorised as being 'Strategic'. Save time regularly looking for the same information by saving a query that you can reload in future.

Key Risk Indicators (KRIs)

Create KRIs to act as early warning signals of potential risk situations before an event actually occurs. Record indicator measurement data over time to highlight trends and changes in an organisation's risk profile. Specify KRI thresholds (red, amber and green levels) relative to target values. Aggregate multiple KRIs into an overall indicator for enhanced insight.

Report templates

Eliminate the challenges of producing meaningful, professional looking reports using paper based or spreadsheet solutions. Standardise your reports with templates that can be run time after time in the same format, but with the very latest data. Present risk information in layouts senior management can digest and that bring an evidence-based approach to decision making. Simplify assurance or annual reporting with custom-built reports that evidence governance and compliance activities.

Personalised dashboards

Present risk information of specific relevance to each individual in numerous Covalent Views, providing more meaningful displays so users can understand information at-a-glance. Identify potential problem areas with traffic-lighting and exception reporting that bring risk registers to life and help focus attention on areas of concern.