Citicus Launches Citicus ONE Release 3

Citicus has launched Citicus ONE Release 3 - an upgrade to its risk and compliance management software. The new release enables an enterprise to measure, manage and reduce the risk posed, not only by IT, but by the full spectrum of assets, processes, facilities and external parties on which it depends. Because the same principles are applied to all these areas, risk managers can compare and aggregate different areas of risk, and provide decision-makers with an overall picture of their organisation's risk status.

This now gives risk managers the means to roll out consistent risk programmes swiftly and widely and enables organisations to demonstrate their commitment to managing key areas of risk, to the standard now expected by stakeholders (eg employees, investors, customers, regulators and the public).

Citicus bases its methodology for managing risk on 20 years of rigorous research, including detailed analysis of the most comprehensive data available on what drives key areas of risk up or down. Its research background makes Citicus unique amongst providers of software for managing operational risk.

Citicus ONE employs succinct criticality assessments, risk scorecards and incident assessments supported by harm reference tables and detailed checklists to measure risk in objective, business terms. This approach reduces reliance on gut-feel and intuition which are notoriously unsafe yet common methods of assessing risk.

Citicus ONE generates highly visual, informative results, including risk and compliance status reports, heat maps, dependency risk maps, risk dashboards, risk league tables, guidance on driving down risks, incident statistics and action plans. Multiple reporting levels ensure that all levels of management are informed of the status of risk and compliance in their areas of responsibility.

Release 3 is an out-of-the-box solution, which is very easy to set up, configure and use across an organisation. The tool's efficiency and ease of use is especially important as risk management needs to be a continuous, repeatable process to work effectively.

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