Compliance Risk Management Software

Reduce risk, make better decisions

Risk Management software tools provide the framework for handling adverse events in a systematic way, making them a vital part of any Quality, EHS and GMP Compliance Management System.

Why is this important, you ask? We at Verse know that the best way to resolve an adverse event is to catch it at the root cause. Otherwise what you have is a band-aid solution...and before you know it your system is held together with band-aids.

Take a Closer Look

Risk Assessment Software Risk history Profile

Risk management is becoming a growing concept behind quality, EHS and GMP compliance initiatives. Being able to determine risk levels on adverse events helps to make better decisions and foster better compliance. Operational risk management software solutions such as those included in Verse are able to link risk-based metrics to any form within the application, acting as a filter on how to handle and prioritize those events. Through the use of Risk Management software, organizations will often will uncover more systemic issues, and allow companies to not only prioritize events by risk, but also report on those risks to foster continuous improvement.

However, if you can see where the systemic issues lie, you can make the necessary adjustments to mitigate these events and see where the trends are, thus giving you the tools and the visibility to dramatically reduce your risk in the long run, in all areas of the organization. With Verse Risk Assessment, visibility is expanded across your entire enterprise, giving you the ability to identify trends in risk and take the initiative to mitigate the risk of recurring adverse events.

Build risk templates

With Verse Risk Management software tools you can create risk templates and configure the risk parameters. Then you can incorporate these risk tools to any process within your system.

Report on risks

Leveraging the risk templates, you can build a history of risk events and generate reports on various risks from all areas of the business. This gives you a macro-level view of risk across all compliance processes.

Take action on risks

From risk forms, you have the ability to automatically launch corrective actions, action items, or sub-activities. Each record will inherit the risk information and link to the original assessment record.

How it Works

Verse Risk Assessment automatically integrates with the Corrective and Preventive Action (CAPA) tool to filter adverse events that are not critical. This is important because otherwise, it would be nearly impossible to weed out the critical events from the noncritical. Risk Assessment lets you see which events are immediately correctable and do not require a CAPA. Not only does this save time, it also allows you to focus on assigning a CAPA to only the most critical events...and it ensures that these critical events don’t get lost amongst minor issues.

  • Risk Assessment isolates and categorizes events from other compliance processes
  • Identifies and displays Risk Assessments for related events
  • Identifies noncritical events for immediate resolution so you don’t waste your CAPAs on undeserving events
  • Includes multiple risk parameters so you can set the likelihood, severity, etc. giving you a consistent method for analyzing risk
  • Uses step-by-step root cause analysis so you know where the adverse event stems from...don’t let risk evade you
  • Displays linked investigations and CAPAs
  • Includes effectiveness check plan and risk mitigation history. Verse automatically does the work for you...don’t worry, we won’t tell

Risk Assessment Software Risk Report

WHY RISK?

When it comes to measuring compliance and taking action to mitigate adverse events, companies are often challenged with determining which events are the most critical to the business, and how to filter these criticalities. We at Verse see this as a no-brainer—life threatening event or wrong color of equipment...which would you address first? Without Risk Assessment both events would be given the same priority. Usually this means the event you get to first is the one that gets dealt with first. Once critical events have been addressed, Risk Assessment then ensures that risk has been reduced to acceptable parameters, ultimately allowing you to keep your risk (and your sanity) in check.

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