Laser Enterprise Risk Management (LERMS) seeks to identify, assess & mitigate key risks facing the company in a structured, process-driven manner. LERMS helps to e-enable the whole process end-to-end. The key modules in the Portal address-
- Web based bottom-up risk identification exercise
- Maintaining & updating risk registers and heat maps
- Maintaining & updating risk mitigation plans
- Extracting reports for % completion of action plans and other customized indicators
LERMS can be configured for online access over the local network as well as over the internet. Various role holders in the ERM process can be assigned access rights as per their role in the admin module. When accompanied by a robust process, LERMS is the best way to smoothen the workflow between corporate risk teams, risk owners and senior management, through emails. With a fantastic look-n-feel, it clearly helps bring in a ‘wow' factor among the risk owners and senior management, which ultimately help propel ERM within the organization. |
