Ways to adhere risk management
Prioritize- set your priorities, knowing things makes it easier to focus on the right information. Set your score points to quantify the vulnerability of risk and its impact on business. This will set your priorities for business activities, financial activities and other facets.
Regulatory alerts – Making a clear summary of what needs to be done; deadlines, penalty clauses, courses of action needed to be taken, will allow the company to stay on top of what is coming up. Automation in workflow enables easy view of key dates, impacts, procedures, penalties, etc.
Impact- The impact on business is clear. The company can streamline simple processes allowing the teams to focus on things that really matter. Automated workflow will give alerts for which business areas need focus enable faster responses.