ServiceNow's Operational Risk Management is a comprehensive software solution designed to help organizations manage their operational risks and enhance resilience in real-time. This tool is seamlessly integrated with Governance, Risk, and Compliance (GRC) functionalities, providing a holistic approach to risk management across the enterprise.

Key Features

Real-time Risk Management Enables organizations to monitor and respond to risks as they occur

• Continuous risk assessment and monitoring
• Immediate alerts and notifications for emerging risks

Integration with GRC Seamlessly combines operational risk management with broader governance and compliance efforts

• Unified platform for risk, compliance, and governance activities
• Consistent risk management across different business units

Resilience Enhancement Helps organizations build and maintain operational resilience

• Identification of critical business processes and dependencies
• Development and testing of business continuity plans

Benefits

Improved Decision Making Enables data-driven risk management decisions

• Real-time risk insights for informed decision-making
• Comprehensive view of organizational risk landscape

Enhanced Operational Efficiency Streamlines risk management processes

• Automation of routine risk assessment tasks
• Centralized risk data repository for easier access and analysis

Increased Regulatory Compliance Supports adherence to regulatory requirements

• Built-in compliance frameworks and controls
• Automated compliance reporting capabilities