RSA, the security division of EMC, has announced new RSA Archer GRC offerings that include a friendly, task-driven user interface and drag-and-drop advanced workflow capabilities to make risk management easy and effective for all “three lines of defense” – business users, risk managers, and the audit team.
Additionally, new features have been added to RSA Archer Operational Risk Management to help streamline how organisations identify, assess, respond, and monitor existing and emerging risks.
Given the increasing volume of risk and the velocity at which it continues to emerge, business units must increasingly act as the first line of defense for risk management and be more directly involved in the identification, assessment and remediation of risk. Since they have the best knowledge of what is going on within their business unit, business unit managers can more easily identify changes in the risk environment and their impact on the business.
However, this requires intuitive technology that allows business managers to quickly view, assess and understand risks, metric warnings and loss events to respond rapidly and intelligently. RSA Archer GRC’s new task-driven interface is designed to offer a tailored user experience for this first line of defense, helping business unit users to prioritise.
New configuration options are engineered to allow business unit managers to view a history of their risk activity, configure key reports, and customise action buttons to quickly access specific risk-related actions from a single dashboard.
RSA Archer Operational Risk Management is designed to provide a holistic risk vantage point, with business context tracked across risk use cases. Now, business units can inventory and map the business entities, assets, products, services, and processes that have the highest impact on the bottom line, and use the RSA Archer solution as an end-to-end risk management framework to help identify, assess, treat, and monitor existing and emerging operational risks. RSA Archer GRC’s new workflow capabilities also are built to enable risk managers and business unit managers to quickly adjust risk management processes without touching a line of code.
Additionally, RSA Archer Operational Risk Management now is designed to make it easier for risk managers to manage assessment campaigns, track metrics and loss events, and report on risk with thousands of out-of-the-box report templates, risk analytics, dashboards and an ad hoc reporting tool. This helps provide business units and risk managers with a thorough understanding of the risk environment, and enables more effective communication of the potential impact risk could have on the business – both good and bad – to executive management. By proactively linking risk management to business objectives, risk can be harnessed and become a new source of competitive advantage.
Grant Geyer, Senior Vice President of Products, RSA said: “Risk is no longer just the responsibility of executives. To keep up with the uncertainty and complexity triggered by rapid changes in business today, organisations are decentralising risk management to put it as close as possible to the risk itself. As front line employees are being asked to contribute more towards risk management, we have focused heavily on usability in the new RSA Archer 6.0 platform. By tailoring the user experience, RSA Archer GRC is engineered to give business users and risk managers a common communication framework and the ability to more easily leverage comprehensive data to detect, assess and respond to known and emerging risks.”
Raddad Ayoub, Partner and Risk Transformation Leader, EY added, “The risk horizon in MENA is changing rapidly, multiple segregated views over risks and opportunities are no longer useful, as they can cause organisations to lose track of real risk and performance indicators. And with an abundance of technology solutions available in the market, implementation without a clear unified strategy will also prove detrimental, increasing noise and reducing visibility. The largest challenge we foresee today is how well equipped organisations are to collect and assimilate data, and translate that into relevant information, that can in turn be used to hunt for real flashing red lights. Decision makers are measured by their ability to digest the immense volumes of information into insights, identifying first-movers advantages, while avoiding challenges that may have severe repercussions to their own organisations.
"Organisations need to enable their lines of defense with a uniform structure and enable technology that looks at all traditional aspects of risk management, and capitalise on emerging analytical and dynamic visualisation capability. This should be with two clear goals in mind: One, aligning the entirety of their risk management operations to be clearly in line with business strategy; two, leverage the aggregation of the various risk function capabilities with information to detect, hunt and respond to the risks and opportunities that really do matter to the organisation.”
Interested?
The latest RSA Archer GRC offerings will be available for new, on-premises installations.
Hear from RSA Archer customers in a video from the RSA Leaders Series
Additionally, new features have been added to RSA Archer Operational Risk Management to help streamline how organisations identify, assess, respond, and monitor existing and emerging risks.
Given the increasing volume of risk and the velocity at which it continues to emerge, business units must increasingly act as the first line of defense for risk management and be more directly involved in the identification, assessment and remediation of risk. Since they have the best knowledge of what is going on within their business unit, business unit managers can more easily identify changes in the risk environment and their impact on the business.
However, this requires intuitive technology that allows business managers to quickly view, assess and understand risks, metric warnings and loss events to respond rapidly and intelligently. RSA Archer GRC’s new task-driven interface is designed to offer a tailored user experience for this first line of defense, helping business unit users to prioritise.
New configuration options are engineered to allow business unit managers to view a history of their risk activity, configure key reports, and customise action buttons to quickly access specific risk-related actions from a single dashboard.
RSA Archer Operational Risk Management is designed to provide a holistic risk vantage point, with business context tracked across risk use cases. Now, business units can inventory and map the business entities, assets, products, services, and processes that have the highest impact on the bottom line, and use the RSA Archer solution as an end-to-end risk management framework to help identify, assess, treat, and monitor existing and emerging operational risks. RSA Archer GRC’s new workflow capabilities also are built to enable risk managers and business unit managers to quickly adjust risk management processes without touching a line of code.
Additionally, RSA Archer Operational Risk Management now is designed to make it easier for risk managers to manage assessment campaigns, track metrics and loss events, and report on risk with thousands of out-of-the-box report templates, risk analytics, dashboards and an ad hoc reporting tool. This helps provide business units and risk managers with a thorough understanding of the risk environment, and enables more effective communication of the potential impact risk could have on the business – both good and bad – to executive management. By proactively linking risk management to business objectives, risk can be harnessed and become a new source of competitive advantage.
Grant Geyer, Senior Vice President of Products, RSA said: “Risk is no longer just the responsibility of executives. To keep up with the uncertainty and complexity triggered by rapid changes in business today, organisations are decentralising risk management to put it as close as possible to the risk itself. As front line employees are being asked to contribute more towards risk management, we have focused heavily on usability in the new RSA Archer 6.0 platform. By tailoring the user experience, RSA Archer GRC is engineered to give business users and risk managers a common communication framework and the ability to more easily leverage comprehensive data to detect, assess and respond to known and emerging risks.”
Raddad Ayoub, Partner and Risk Transformation Leader, EY added, “The risk horizon in MENA is changing rapidly, multiple segregated views over risks and opportunities are no longer useful, as they can cause organisations to lose track of real risk and performance indicators. And with an abundance of technology solutions available in the market, implementation without a clear unified strategy will also prove detrimental, increasing noise and reducing visibility. The largest challenge we foresee today is how well equipped organisations are to collect and assimilate data, and translate that into relevant information, that can in turn be used to hunt for real flashing red lights. Decision makers are measured by their ability to digest the immense volumes of information into insights, identifying first-movers advantages, while avoiding challenges that may have severe repercussions to their own organisations.
"Organisations need to enable their lines of defense with a uniform structure and enable technology that looks at all traditional aspects of risk management, and capitalise on emerging analytical and dynamic visualisation capability. This should be with two clear goals in mind: One, aligning the entirety of their risk management operations to be clearly in line with business strategy; two, leverage the aggregation of the various risk function capabilities with information to detect, hunt and respond to the risks and opportunities that really do matter to the organisation.”
Interested?
The latest RSA Archer GRC offerings will be available for new, on-premises installations.
Hear from RSA Archer customers in a video from the RSA Leaders Series
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