Risk Management
Sigmify GRC’s Risk Management module empowers organizations to proactively identify, assess, and mitigate risks across business and technology functions. It enables leadership to act on real-time risk intelligence, while ensuring traceability and alignment with controls and audits.
Key Features & Capabilities
Risk Identification & Classification
Identify and register risks across technology, people, third parties, and compliance using structured templates and tagging for consistent classification.
Centralized Enterprise Risk Register
Maintain a real-time, filterable risk register capturing ownership, severity, treatment status, and history to ensure no risk goes untracked.
Configurable Risk Scoring Engine
Assess risks using customizable impact, likelihood, and detection parameters aligned to organizational or regulatory expectations.
Risk Heat Maps & Visual Analytics
Visualize risk exposure through dynamic heat maps and dashboards, with drill-down views by department, business unit, or risk category.
Risk Treatment & Mitigation Planning
Define mitigation actions, assign owners, set deadlines, and track progress through structured treatment workflows.
Residual Risk Evaluation & Monitoring
Automatically calculate residual risk after mitigation and flag high residual risks for review or escalation.
Linkage with Controls, Compliance & Audits
Map risks to relevant controls, audit findings, and policies to maintain traceability and enable an integrated GRC view.
Risk Reviews, Reporting & Reassessments
Schedule periodic risk reviews, monitor overdue actions, and generate reports to support management and board-level oversight.
Comprehensive. Timely. Assured
Comprehensive – Are we identifying and managing all relevant risks?
Sigmify supports enterprise, IT, vendor, and process-level risk assessments through customizable templates and scoring frameworks. Risks can be mapped to departments, assets, and controls—ensuring full coverage.
Timely – Are we assessing and responding to risks at the right time?
Periodic risk reviews, risk reassessment triggers, and mitigation tracking are all automated. Escalations ensure no critical risk remains ignored or overdue.
Assured – Do we have governance and visibility into risk controls?
Management dashboards present real-time visibility of top risks, mitigation status, and residual exposure, offering assurance to leadership and regulators.
Other Products of Sigmify GRC
Compliance & IT Governance
Assessments
Data Discovery & Mapping
Consent Management
Vendor Risk Management
Audit Management
Breach and Exceptions Management
