BEAR
Business Enterprise Audit Risk (BEAR)
The BEAR System is an integrated risk management application used to record business risk and controls as well as keep track of associated activities. BEAR caters for ever-changing environments and produces reports which provide the user with improved business intelligence in order for the user to make critical business decisions.
It is a South African product and meets with international standards and principles of Enterprise Risk Management.
No or limited Formal Risk Management Strategy and approach. Need for a centralised Risk Database. Informal or Non-existing Reports on Status of Risks. Industry requires an easy-to-use application.
BEAR - Solution:
Tailor the Software to your Organisational Needs.
Scalable from site to international operations.
Qualify risk types in categories.
Qualify Risk Severity & Probability.
Determine Control Qualities.
Link to responsible person.
Online Based Access from Remote Sites.
Tracking Risks for Additions and Changes.
Accountability for management of risk through task driven system.
BEAR - Benefits:
Standardised Risk Methodology Across the Organisation.
Continuous Risk Monitoring & Management.
Integration with current, scattered risk information (import).
Providing Risk Information for Assurance Providers.
Accountability for risk management process can be measured.
