Risks today can be complex and interconnected. Managing these aspects for an organization requires a streamlined risk based approach that marries strategic outlook with tactical execution. Automation, optimization and organized data are the basis of risk management, and your goal is to use all three to minimize your exposure.
RDC’s risk based processing allows segregation of your portfolio according to your risk classification – High/Medium/Low, Geography or Line of Business. Configurable filters make it easier to manage your data in accordance with key risk management principles:
- Risk Identification: What could happen?
- Risk Analysis: How severe is the risk and what is the likelihood of its occurrence?
- Risk Control: How can I avoid, prevent or reduce the risk level?