OEM Case Study: Take Control of Your Enterprise Governance, Risk and Compliance

The Protecht Group partnered with InetSoft to integrate the InetSoft Business Intelligence application into their risk management platform to enable engaging visualizations of data captured in their solution.

Protecht.ERM is Protecht’s flagship enterprise risk management software and has been provided as Software as a Service (SaaS) since inception in 2002. Used by government agencies, regulators, financial service providers, fund managers, entertainment and retail companies, Protecht.ERM allows organizations to seamlessly integrate risk management into their day to day activities and obtain operating efficiencies through its flexible forms and workflow engine.

Organizations can rapidly deploy and collaborate anywhere on risk and control assessments, compliance, key risk indicators, incident capture, compliance breaches, audits and more.

Module Showcase

Risk and Control Self-Assessment: Protecht.ERM accommodates a user’s risk assessment methodology and enables linkage with the central risk event and control libraries for aggregation in reports.

Compliance: Compliance Attestations can be created and scheduled for completion based on internal or external policies. Compliance attestations can be generated and scheduled to remind users of their compliance obligations on a regular basis. Compliance questions are able to be linked to risks, controls and obligations.

Key - Risk Indicators: Enables users to enter and track their KRIs and KPIs. Intelligent KRIs can look at the value of one or more KRIs to calculate a new value. Quickly and easily see trends in risks and performance metrics.

Internal Audit: Perform audits within the organization and enable auditors and auditees to communicate and agree on a mitigation plan.

Actions Management: Track agreed Action plans within the system. Monitor progress through Worklogs and set Workflows to remind assignees or escalate to managers.

Registers: Registers can be quickly and easily designed, built and deployed without the need for programming. Convert any paper or electronic forms into fully customizable registers.

Some of the reports which have been created within Protecht.ERM include:

• Incident Management
• WHS Management
• Complaints Management
• Document Management
• Property Maintenance
• Compliance Obligations
• Contracts Management
• Fraud Incident Management

Main Features of Protecht.ERM

• Complete ERM package: Access the complete suite of ERM components – risk, metrics, compliance, incidents, fraud, complaints, audit and more. Suitable and scalable for the needs of all stages of risk and compliance management maturity.
• Risk Analytics: Quickly turn data into highly visual dashboards and reports with the integration of InetSoft.
• Workflows: Automate escalation of exceptions and non-conformance to the right person.
• Central Libraries: Ensure data integrity by linking all data back to risk events, controls and business units stored in a central location.
• Tags: Create multi-dimensional connections between data from different components and forms.
• Custom Registers: Create customizable forms for incidents, events, contracts, obligations and more.
• Data Import: Migrate the data from other systems into new forms at the click of a button.
• Bulk Update: Easily manage data by modifying several fields at once.
• Compliance questions and surveys: Send recurring compliance questions or ad-hoc surveys for compliance and benchmarking.
• Mobile: Accessible on any tablet or mobile device.

Using InetSoft's Style Intelligence to Visualize the Data

Protecht.ERM integrates InetSoft Style Intelligence as its analytics module. The analytics module transforms risk data collected into beautifully designed dashboards. Once trained, users are able to create and update dashboards as they desire. These highly sophisticated reports and graphical dashboards can be tailored by users without needing to involve the IT department or the service provider, allowing for self-sufficiency.

Risk Analytics allows users to quickly and easily download reports and dashboards into PowerPoint, Excel or PDF formats at the push of a button. Risk reporting for Board and Risk Committees happens instantaneously, instead of through data manipulation in Excel.

“Flexible product with great training and support. The product has been very useful for quickly creating dashboards and data views. Support and training has always been available to us and quick to respond. - George R, Information Technology Specialist at Sonepar USA

About InetSoft's Partner Protecht

Founded in 1999 by some of the most accomplished risk professionals in the industry, Protecht delivers training, advisory, and software solutions that intensify the risk management focus and discipline of corporations and government departments alike. Protecht.ERM accommodates an organization's existing risk assessment methodology and enables them to link back to their central risk event and control libraries. It allows risks to be assessed across multiple departments within the organization and aggregated through reporting. To learn more about Protecht and their risk management solutions, please visit https://www.protecht.com.au