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ARIS Governance, Risk and Compliance

Software AG’s ARIS Governance, Risk & Compliance Platform enables agencies to confidently meet internal and external legal requirements and standards while efficiently managing risks.

ARIS Governance, Risk and Compliance

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Overview

process-driven solutionMeet internal and external legal and regulatory requirements and manage enterprise risks using the ARIS Governance, Risk and Compliance Platform. Our process-driven solution combines Business Process Analysis (BPA) with audit-proof workflows, turning risk and compliance management into a strategic management tool.

What You Can Do with the Platform

Access & Manage Risk

  • Identify, document, assess and report on financial impacts and probability of risks
  • Reduce risks with appropriate measures
  • Simulate risks in a process
  • Document incidents and losses

Identify & Solve Issues

  • Create workflows and initiate improvements for identified issues
  • Track and follow-up on issue-related action items
  • Define clear issue resolution responsibilities
  • Document issues from creation to completion

Manage Controls & Monitor Performance

  • Build and verify an effective internal control system
  • Use predefined workflows and automatically triggered notifications
  • Manage various laws and regulations and prove compliance to external auditors
  • Manage and track performance results using management dashboards

Key Benefits

Comply with Confidence

Establish controls and acceptable levels of risk. Stay in alignment with your organization’s objectives and policies. Reduce conflicts between business and control departments.

Increase Business Agility

Identify non-conformance and the root cause to take quick action.

Adapt Faster to New Regulations

Break down legislation and regulations into control requirements that can be handled sensibly.

Identify and Decrease Risks

Identify, document and assess risks; evaluate financial impact and probability; and define measures to minimize risks.

Decrease Risk of Penalties

Minimize top management exposure to devastating penalties for compliance violations.

Manage Questionnaires with Predefined Scores

Conduct periodic or one-time surveys—scenarios include risk identification, supplier audits, business impact analysis and more.

Analyze and Communicate Risk Exposure

Simulate risk events along defined operational process chains; analyze dependencies between operational processes, risks and controls; and use statistical methods to define risk probabilities and damage distributions. Describe and analyze risk scenarios in detail; describe different risk scenarios; and communicate risk treatment to third parties.

Decrease Complexity

Integrate all regulatory demands into a single approach and Internal Control System (ICS). Create issues for identified problems and weaknesses in the internal control system so improvements can be initiated. Track action with two-stage issue workflow.

Improve Monitoring and Reporting

Monitor GRC processes with desktop or mobile dashboards. Reduce redundancy and ensure consistency in data and reports.

Improve Efficiency

Standardize GRC processes using an integrated platform across all different risk and compliance areas. This central hub also provides a “single point of truth” for all compliance activities.

Simplify Audits

Schedule audit related tasks and get efficient support for your time management and reporting. The platform also includes a “self-audit” capability and a seamless audit trail. Reduce audit fees and re-use process documentation.

Manage Incidents Efficiently

Use the system to easily document incidents and resulting loss or damage. Basel II and Solvency II requirements are covered. Publish corporate guidelines and get confirmation from the appropriate people that policies have been applied. Launch and document training.

Use Real Data in Real-Time

Monitor operational processes continuously and trigger test cases, risk assessments, incidents or issues automatically if necessary. Be proactive instead of reactive. Cover 100 percent of data instead of just samples.

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Capabilities

Control Testing

After identifying compliance risks to meet internal and external requirements, you’ll create and monitor controls. Accompanying processes and responsibilities are fully documented so you can deal with deficiencies in a timely and coordinated way.

Operational Risk Management

Identify and document financial, security or other risks. The platform supports the entire process, from risk identification, documentation and analysis through to risk monitoring. A risk assessment workflow lets you evaluate risks for financial impact and probability.

Issue Management

Create issues for problems and weaknesses in the ICS and let people know about problems promptly for fast resolution. Action tracking helps ensure follow-up on every defined activity. Every issue is documented, from creation to completion.

Incident & Loss Management

You’ll have a comprehensive workflow for incident and loss management so relevant values can be created, processed and analyzed. Incidents can be categorized according to specific criteria, such as type of business, incident type or cause.

Survey Management

Distribute questionnaires with predefined scores and conduct periodic or one- time surveys. Thanks to different question and answer combinations, potential uses range from survey only to self-assessment or audit questionnaire.

Policy Management

Stored in a central repository, policies can be mapped to business or operational context with clearly defined responsibilities, affected processes, entities and more. Policy owners gather stakeholder approvals and then publish official policies. Employees can attest they’ve received policies and sign a formal confirmation. A seamless audit trail makes reporting fast and easy.

Audit Management

Our platform offers an integrated GRC system with one relational database aligned to business processes. This helps internal auditors manage paperwork and schedule audit-related tasks and get support for time management and reporting.

Continuous Monitoring

Respond in real-time to risk levels or control exceptions. Monitor processes in real-time using Continuous Controls Monitoring (CCM), Continuous Risks Monitoring (CRM) and Continuous Exceptions Monitoring (CEM).

Modeling & Process Risk Simulation

Model your processes including all relevant risk and compliance data. Link risks and controls directly to the suitable process steps, and map them to the business context. Simulate risk events along defined operational process chains and analyze dependencies between operational processes, risks and controls.

Monitoring & Reporting

Seamlessly document and track all compliance-relevant activities. Demonstrate the effectiveness of risk management, internal audit activities, and policy publishing and attestation. Generate evaluations of the current status of test cases, risk assessments, audits or policies at any time. Use tables and pie charts, filter by several criteria, and generate PDF or XLS reports.

Publishing

Publish risk and compliance information via Web portals for easy access. Control which people get what knowledge via rights or role-based access. Customize process portals to your corporate “look and feel.”

Dashboarding

Quickly create dashboards that give managers up-to-date information on the status of the risk situation and compliance activities. Use dashboards to visualize top-level Key Performance Indicators (KPIs) plus analyze data in a variety of ways.

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Business Needs

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Compliance management

Identify the necessary internal measures (controls) to ensure compliance, establish a regular schedule to assess effectiveness and report to the respective authorities about status and findings. Adapt faster to new laws and regulations and create synergies by overlapping regulatory requirements by creating one company-specific requirements catalog, avoiding overlaps and double work.

Risk management

Define the right controls to mitigate risks and install effective measures to reduce their consequences if they occur. Use heat maps and bow tie methodology to visualize and analyze risk status. Determine risk probabilities and damage distributions by simulating risk events along operational process chains.

Policy management

Improve corporate governance by understanding the full life cycle of a policy, from creation and release to the assessment of its effectiveness. Communicate important policies to employees.

Audit management

Analyze and assess quality as well as other performance areas. Usually this includes scheduling audit-related tasks, managing paperwork, organizing findings and reporting results. Our platform helps you reduce costs of temporary staff, such as auditors, and re-use best practices for different audits. Gain insight into upcoming tasks and preparation times. Get a real-time overview of your company’s risk and control landscape.

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Two-Minute Video

ARIS Governance, Risk, & Compliance.

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