The IsoMetrix Enterprise Risk Management Solution.
IsoMetrix offers a fully integrated solution for Enterprise Risk Management. Whether your requirements are for a combined assurance model or a system based on ISO 31000, the flexibility offered by IsoMetrix allows the system to mould to your needs.
IsoMetrix is provided as standard with best-practice modules for the management of Enterprise Risk and Internal Audit. For more complex implementations where a tailored solution is required, the software can be easily moulded to fit these requirements.
IsoMetrix is built using an Agile Application Framework which enables non-technical people to create sophisticated solutions, quickly and easily. Every single form and field is user-defined, allowing us to deliver a bespoke solution for your business quickly and cost-effectively. But while every customer has a tailored solution, they all share the same source code.
As a module is saved, the Microsoft SQL Server database is created dynamically, allowing people with no experience in development to create web-based applications with ease. IsoMetrix is at the forefront of the way software is evolving.
Here is a typical module for capturing risks in the risk register. If you wanted to capture an additional field for the Risk Owner such as the Risk Ranking, this can be achieved in minutes simply by going into the module editor.
Every IsoMetrix user has access to IsoMetrix dashboards. The standard dashboards cater for various risk management methodologies, such as bowtie and fishbone methods and are configurable to suit your specific requirements.
IsoMetrix offers rich functionality for managing risk: allowing you to capture details of the controls in place against an identified risk, a risk rating, as well as risk analysis.
All actions created in any part of the system are centralized in the central action manager, enabling you to have full visibility over your mitigation strategies and to ensure key actions are closed out, driving continual improvement.
Internal audits, compliance, incident management and assurance are all managed within the IsoMetrix integrated risk solution.
The IsoMetrix Legal Register offers access to your legal universe with every section of each Act translated into easily understandable language and linked to your industry. Fully searchable, IsoMetrix’s Compliance solution gives you the law at your fingertips.
IsoMetrix Enterprise Risk Management is fully extendable to incorporate IsoMetrix solutions such as Health, Safety Environment, and Community, Sustainability, Quality, and Compliance.
Risk these days is a board level consideration....
Effective decision-making is dependent on having a solid understanding of all risks and opportunities, both internal and external, that confront the organization.
To gain these insights requires information. The more this information can be provided in real-time, and the more integrated a picture it paints, portraying a view of risk across all disciplines within the organization, the more effective the decision-making will be.
To attempt to create such a view of the risk without an ERM software solution is extremely difficult.
The IsoMetrix ERM solution creates a central platform for an integrated approach to managing all risks faced by an organization. With a focus on critical control management, and ensuring that for every process or activity in the organization risks are identified and assessed, and controls implemented, IsoMetrix ERM software helps decision-makers to ensure efforts are directed in areas where they are needed most.
The innovative, hyper-agile platform IsoMetrix is built on enables us to provide our customers with Solution Templates that are based on industry best practice, and also to tailor the solution to accommodate specific processes and methodologies.
Find out how IsoMetrix can help you with your
enterprise risk and compliance needs.
Why IsoMetrix?The evolution of GRC software has strong parallels with that of ERP. 30 years ago, most companies had heavily fragmented ERP Systems: - a General Ledger from Supplier X, - a third-party Cashbook add-on, - an internal database for stock control, - spreadsheets for sales orders and - paper-based Purchase Orders. From the chaos of these separate systems arose the order of fully integrated ERP software suites. The evolution of GRC software has strong parallels with that of ERP. GRC systems are typically still fragmented; companies will have disparate electronic, spreadsheet and paper-based systems to manage quality, risk, safety, environment, business resilience, occupational health and hygiene, sustainability and many more. Fragmented systems bury important insights into the business, making effective management all but impossible. Only what is measured can be improved. By replacing unintegrated systems with a truly integrated solution, IsoMetrix introduces significant business efficiencies and provides visibility against HSE and GRC performance targets. The clarity an automated, integrated system provides drives informed decision-making. Enterprise risk disciplines are cross-functional, and focused on the impact on financial performance. Operational risk disciplines, however, are often treated separately even though they are usually inter-related. For example, a Quality incident could materialize in potentially significant impacts on Safety, Environmental, and Social. IsoMetrix consolidates modules such as loss events, non-conformances, safety and environmental incidents into an Events Module that is closely integrated with other modules such as Risk Assessment and Audit Management, promoting an understanding of the associations between different risk disciplines. So, what makes IsoMetrix such a powerful, integrated solution? All IsoMetrix applications are built using 15 basic building blocks, or controls. Like the base code of DNA, these controls can combine in an infinite number of combinations to form applications that cover all aspects of Governance, Risk and Compliance. Our customers get completely configured solutions but all use exactly the same source code, making IsoMetrix easy to support and upgrade. In addition, all data in IsoMetrix is related across all modules, producing a truly interconnected, holistic understanding of your business. Different users experience IsoMetrix differently. Andrea is a field employee who needs to Report a Hazard or an Incident. To do so, she can simply access IsoMetrix via her straightforward web interface, or via an app on her smartphone or tablet. It is quick and simple for her to enter the basic details of the incident. John – Andrea’s safety manager – is alerted about the incident via email. When he logs into IsoMetrix, he can validate the incident details and allocate the task of investigating the incident. John has configured his interface to highlight what is important to him. The personalised dashboards ensure he is able to manage by exception, focussing his attention where it is needed. Mirriam, the Director of Sustainability, interacts primarily with the system dashboards. She analyses them regularly: acting on trends, monitoring performance against targets, and keeping a close eye on leading indicators. Gone are the days of her capturing data to compile reports. With IsoMetrix, her system lives in real time. When she needs a report, she can generate one at the click of a button. As a result, Mirriam can spend more time planning and less time reacting. Data flows into IsoMetrix from multiple sources: • entry forms captured by employees, contractors and suppliers • handheld devices • smart meters • external databases such as ERP and HR systems • and the wearables, beacons and drones that make up the Internet of Things. Separate, this data is meaningless, but brought together into a cohesive whole, it provides an accurate picture of the governance health of the business, and allows the business to make better decisions based on predictive analytics The IsoMetrix Dashboards convert all this data into information, allowing you to identify high-risk activities, areas, and processes, as well as areas for improvement. IsoMetrix helps you to make better, informed decisions. At IsoMetrix our vision is to help you do Good Business.
With a risk register of around 260 identified risks within 22 risk categories, the Senwes Group of companies wanted to replace spreadsheets with a centralized, electronic system that would provide real-time, quantitative risk assessment information.
Benefits of IsoMetrix Enterprise Risk Management
- Get an all-encompassing view of your risk universe.
- Streamlined control management allows process owners to take direct responsibility for managing controls.
- Facilitate the tracking of action plans to address any identified loss events, enterprise risks or deficient controls, including automated notifications and reminders together with security-based work process flow.
- Interact with insightful risk dashboards which give you enterprise-wide visibility and highlight issues that need to be addressed while driving operational performance improvement at all levels of the organization.
- IsoMetrix works at all layers of your business: strategic, managerial and operational, allowing you to foster a culture of responsibility and continual improvement, with clear visibility of performance against strategic objectives.
Our Enterprise Risk Management software will assist you to comply with the following standards:
- ISO 31000
- King III and King IV
IsoMetrix offers tight integration between risks, controls and loss events. Risk and control owners will be automatically notified if a loss event occurs that is linked to that risk or control.
The risks can then be re-assessed and the controls evaluated for effectiveness and adequacy. Similarly, a finding against a control will notify risk owners if other risks are reliant on the same control. The integrated approach IsoMetrix offers ensures that risks are managed holistically and that valuable risk-based intelligence is not lost in siloes within the organization.
Integrated processes in the IsoMetrix ERM software suite:
- Action and Issue Tracking
- Document Management
- Key Risk Indicators (KRI)
- Loss Events
- Meeting Management
- Policies and Procedures
- Risk-based Audit
- Risk Management
- Strategic Objectives
We have designed our world-leading, integrated risk and compliance management software for HSE and sustainability experts who know what they want. At IsoMetrix we believe in Good Business. For us, that means helping you on the journey to a sustainable future, in which we look after our planet, the people and communities we work and live with, and ensure reduced risk – building more profitable and resilient organizations. In helping our customers to do good, we also help them do well. With offices in the USA, Canada, South Africa and Australia, IsoMetrix is geared to serve you at a global and local level.