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Key Risk Indicators (KRIs) are an increasingly important component of an effective risk management process. They enable businesses to reduce loss and prevent risk exposure by measuring changes in their risk profiles and proactively managing risk situations before a risk event actually occurs.
KRI Manager helps customers manage a KRI framework through the creation of KRI libraries. Each KRI can be related to a number of qualitative or quantitative metrics, within which multiple thresholds (red, amber, green) can be applied. KRIs can also be linked to multiple risks (and controls). Out-of-the-box reports provide KRI trends against thresholds and the ability to aggregate KRI’s against specific risk categories.
KRI values can be entered manually via an intuitive wizard, bulk uploaded from spreadsheets using the powerful Force.com data loader, or input automatically via the Force.com web services API.
Our KRI Module supports:
Xactium GRC Cloud is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.