A wide-ranging set of features that CAREweb™
provides you with
Control & Risk Evaluation (CRSA) Module:
Managers can have full responsibility for risk & control identification, assessment, and monitoring within their sphere of responsibility and participate in the control valuation process.
Corporate Governance Reporting Module:
Generates a suite of standard reports and charts to senior management and the Board on the status of risks and controls for each business unit and the organization as a whole.
Event Tracking
Module
Tracks operational losses and “near-misses”, analyze them, and link the results of this analysis to the relevant risk profile.
Risk-Based Internal Audit
Module:
Helps in conducting audit tests, determination of the audit cycle. The system gives the IA Manager the flexibility to revise the Audit plan and schedule additional auditable units.
Compliance Monitoring
Module:
Provides a framework that can ease the monitoring of regulatory compliance, following up on regulator’s periodic reports and regulatory circulars.
Key Risk Indicators
Module:
Defines and monitors selected Key Risk Indicators against set thresholds. CAREweb automatically imports the relevant data files and updates KRI values.
Email Alert
Module:
Automated email alerts on identified exceptions, new regulatory requirements, and
deadlines are sent and escalated to officers at various levels in the organization.
Loss Prediction
Module:
Relies on previous years’ loss data to statistically predict the size of future losses in
order to allow for better reserves and capital planning.
Diary
Module:
Designed to facilitate monitoring and following up on the implementation of agreed recommendations in accordance with the pre-approved action plans.