HighPoint Assessments™ Module:

The concept of a risk assessment is not new to business. Whether formal or informal, companies have always considered the obstacles to achieving company objectives. The new requirements for increased transparency as well as the competitive nature of the global economy, however, virtually obligate a company to be more structured in their approach to risk management. Web based HighPoint Assessments™, by Favored Solutions, is a robust application that not only provides that structure but also greatly reduces the inefficiencies of risk assessments. It can be a key element in an already established ERM process or an excellent beginning point for a company embarking on risk management. Here’s the value:

•   Conduct any type of objectives-based risk assessment.
•   Customizable risk measures.
•   Map risks to controls, policies, and business processes through subscription.
•   Unlimited risk categories for codification & analysis.
•   Unlimited participants.
•   Granular security model for ease of access restrictions.
•   Risk libraries and risk trending.
•   Delegate interviews.
•   Measure inherent and residual risk.
•   Interactive visualization tools for risk modeling and analytics.

The unprecedented benefits of HighPoint Assessments™ are as follows:

•   Accurate measurement of business and information risks, inclusive but not         limited to, risk ranking and ratings, magnitude of impact to your business,         likelihood and probability conclusions.
•   Better understand control effectiveness and validity.
•   Understand risk appetite and tolerance levels.
•   Satisfy external auditor and industry requirement of risk based auditing.
•   Proper relation of risk and compliance to good governance.
•   Risk analytics, modeling and reporting.

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Related Links:
HighPoint™ Enterprise Suite
HighPoint Controls™
HighPoint Audits™