Risk & Compliance
Strategy execution must identify strategic, operational and compliance risks, with clear actions to mitigate, eliminate or manage them. Ignoring risks and compliance puts business continuity at risk. fruiStrategy Risk & Compliance closes the gap with an integrated approach.
Enterprise risk management (ERM) looks at risk strategically across the whole organization. It is a top-down strategy to identify, assess and prepare for potential losses, dangers and hazards that may interfere with operations and objectives.
A tool to identify potential risks, sometimes for regulatory compliance but mostly to stay on top of issues that can derail intended outcomes. fruiStrategy then helps you take the necessary actions. Identify key risk indicators (KRIs), define performance metrics for each, and monitor them as part of the strategy execution cycle.
The agreed course of action to address potential risks, reduce their likelihood and lessen their impact. Risk owners update status, actions and investments monthly, and senior leadership reviews and sends action messages. Risk management is embedded in strategy execution and strategy reviews.
Enterprise compliance is a centralized, coordinated, top-down approach to ethics and compliance programs across business units, focused on the specific risks the organization faces.
Records the actions and incidents that are vital evidence in the regulatory compliance process, including all compliance breaches and the follow-up actions.
Puts compliance methodologies in place so the organization can act, and comply with many regulations, not just one.
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