The balance of risk and reward is the difficult line that business operations groups attempt to walk. Avoiding unnecessary risk, taking risks where the returns outweigh the potential downsides (assuming they have been approved correctly) and anticipating, and hence managing, risk to try to remove / mitigate some of the impact all have to be transparently aligned.
At Wrangu we use the power of the ServiceNow platform to deliver operational risk management (ORM) solutions. Enabling risk identification, subsequent analysis, evaluation, and ultimately a decision on how best to proceed, are all facilitated within the platform. Subsequently controls can be deployed around the risk to ensure ongoing transparency is created as well as likelihood reduced.
Our solutions can be tailored to match your enterprises’ approach to ORM and don’t force an organisation into fitting their processes and approaches to a fixed model.