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.