Risk Management Solutions
Supply chains have risen in importance, especially as governance considerations have extended the scope of companies to include the activities of their peripheral partners. There are also more directly impactful reasons to manage your supply chain more closely, such as avoiding overstock or hunting for efficiencies that can lead to lower costs and faster throughput.
thryve’s Supply Chain Risk Management solution exists for these exact reasons. Manage both everyday and exceptional risks along the supply chain, based on continuous risk assessment in order to reduce vulnerability and ensure continuity. From products and services to the facilities that suppliers use, include everything to create a single truth about supply chain activities and risks. Our solution customises and scales with ease to help cover this very demanding yet crucial aspect of business management.
Risk management is not a homogenous discipline – it has many different approaches, which is why thryve developed its Risk Management-focused Customer Relationship Management (CRM) solution. Tried and tested by the industry’s best, it is the definitive all-in-one risk management CRM solution.
thryve’s industry-leading Risk Management CRM solution delivers a suite of intuitive, risk-oriented tools and framework that improves productivity and cross-functional insight. Use it to increase revenue or sales, improve customer service and business efficiency, while still reducing costs, building customer loyalty and ultimately expand your market share.
Property is without a doubt one of the best assets any organisation could control or manage. A cornerstone of market appreciation dynamics, good property management can lead to stronger valuations, extra leverage in financial discussions and help your organisation expand, not to mention act as revenue streams through tenants or property sales. But property can also pose many risks, particularly if they are not surveyed properly.
At thryve, we ensure your property is compliant, maintained and that all risk exposures are effectively managed. Our Property Risk Surveys Management solution is a central hub for gathering collating and actioning survey data to determine your real estate portfolio’s risk profiles. Survey questions are designed to generate data around how your organisation is managing property risks as a component of its overall risk management efforts. Using best-of-breed technology, deployed as a savvy and scalable platform service, effectively manage and maintain all property risk exposures and ensure your property is compliant.
Natural hazards always pose a risk to organisations and disaster and natural hazard governance has become a significant policy and legislative focus in South Africa since the early 1990s. Managing natural hazards and their associated risks is a very crucial yet demanding activity that can be subject to many variables, including appropriate mitigating strategies that aren’t a strain on costs.
thryve’s Hazard Profile Assessment Management solution is designed to deal specifically with the unique and broad challenges associated with this discipline. It aids in the development of different hazard profiles and the weighting of risks across the dynamic factors that are typical of natural and other hazards. Build using web-service technologies, out solution is quick to deploy and scale, not to mention align with your internal processes and data. It also enables the easy gathering of external data related to hazards, including value chain visibility to expand the scope of risk determinations.
A picture tells a thousand words, which is why visualisation has become so vogue across companies of every size. The abilities to quickly spot anomalies or trends and drill into areas of interest are great timesavers and greatly sought after. But if you have ventured into the world of data visualisation before, you know it’s a mixed bag – particularly when it comes to visualising risk data.
thryve not only has a deep grasp for the value of visualisation and the technologies that drive it, but we also leverage our GRC experience to know what is often right and wrong about risk data visualisations. Our Risk Data Visualisation solution incorporates your data and is set to your processes to deliver effective and sophisticated visual representations. Utilising web-based integrated risk management technology, our solution can be customised, deployed and scaled as you require. Be it infographics, dials and gauges, geographic maps, sparklines, heatmaps, pie charts or more, let us help you create the visualisations that make sense for you and your stakeholders.
Cyber risk is the new kid on the block and to many, it instils a level of fear and uncertainty they are not used to. Computer systems reach so deeply into modern organisations that they can be indistinguishable from the business functions they support. If something goes wrong at the cyber level, it can cascade in devastating fashion – comparable to natural disasters. From reputation damage to losses that can kill an enterprise, cyber is a dangerous risk if it can’t be managed and mitigated.
We designed our Cyber Risk Management by combining thryve’s respective insights in the GRC and technology markets. Manage all areas of cyber risk with this comprehensive cyber risk management tool that considers the dynamic digital framework, from data breach risks to reputational damage results. Everything from company policy, standards, frameworks and controls with assurance through self-assessment and gap analysis are incorporated into a single solution that makes cyber risk management intuitive even for people with less inclination to know their bits from their bytes.
Healthcare risk management is a highly specialised field, filled with additional regulations and other concerns. It is also a crucial touchpoint for many customers as well as a high-cost environment where margins can quickly thin out and evaporate. These are characteristics that can’t be solved by just any solution.
thryve’s Healthcare Risk Management solution brings the sector’s unique demands together with best risk practices to offer a capable, flexible, intuitive and robust healthcare risk management reporting technology. Safe, secure and compliant, its scalable nature connects effortlessly with healthcare environments, reducing their complexities to most effectively deliver better risk mitigation and projection.
It really doesn’t matter how big or strong your business is: a single disaster could take it down. As can a number of small disasters: from natural events to fires and infrastructure failure to key staff leaving your business – there are numerous ways your business’ continuity can be affected.
Past approaches to business continuity and disaster management have been limited, leaving the rest up to luck. But thryve’s Business Continuity Management solution can take away the ambiguity and uncertainty by providing a top-down view of related risks and mitigation strategies. By bridging silos it can reveal hidden risks and opportunities that impact your company’s resiliency. Our solution facilitates the creation of an ongoing BCM strategy that can evolve as your organisation does.
Compliance and Regulations are both major drivers for organisations. They can also pose major risks if not managed properly. Yet because they are not part of core business and revenue drivers, these often become rubberstamp exercises – at the risk of the company.
thryve’s Compliance and Regulatory Management Solution helps take back control with a coordinated approach that extends across the entire organisation. Capable of focusing on any number governances, company policies, controls and sources of risk, our solution connects the silos of risk management. Capable to scale and focus as demanded, we help ensure that you not only stay on top of compliance and regulation, but turn these from grudge elements to success drivers for your company.
Technicality is the hallmark of the compliance world, where many different standards and regulatory requirements can heavily impact budgets and time horizons. Getting compliance right is often a major cost centre, especially when establishing and promoting risk standards across various departments, business units and other silos. The more a business can streamline its risk standards to adhere to compliance requirements, the smoother its journey will be.
We use our deep experience at thryve around risk and compliance to power our Risk Standards Compliance Management solution. Quick to deploy, it serves as the nexus to predict and manage risks while adhering to laws, regulations as well as company policies and procedures. From development to documentation and implementation, create a one-stop-shop for your company’s risk standards that reduces costs, removes risk and builds certainty.
Audits and Assessments are common across an organisation, but that is often where similarities end. The scope, methods and outcomes of different audit requirements vary tremendously, which can instil doubt where there a uniform approach to it is even possible. But organisations like uniformity because it reduces complexity and costs. Is it possible to have those and still not limit the abilities of your audit and assessment requirements?
At thryve, we developed our Audit and Assessment Management solution specifically to answer this call. It’s a unified platform that presents common audit and assessment components to all. These include the ability to identify an audit subject, develop an audit plan, documentation of the audit, agreement on any audit finding, oversight of finding remediation, and reporting to an Audit Committee. But it also includes the flexibility to align these components with any specific auditing and assessment needs. Our solution lets your audit and assessment functions speak with their own voice yet still toe the line of the organisation.
Every organisation is caught between two forces: those that deliver direct revenue value and the operational necessities to maintain those pipelines. The latter are often ‘grudge’ functions: necessary evils to some but nonetheless crucial for successful and compliant operations. For many, managing Environmental, Health and Safety risks would qualify as they are notoriously specialised and yet very important.
thryve’s Environment, Health and Safety Management solution combines the worlds of risk managers and safety professionals into one seamless and engaging platform. It serves as a single home for aggregating related data and serving insights to all the stakeholders. Our solution also lets these functions expand into other areas, such as tapping business intelligence features to further align with company strategy. Take the grudge out of Environment, Health and Safety through improved processes, automation and cross-collaboration, provided by our best-of-breed solution.
Risk is one of the most crucial functions in a business, yet managing it is also among the most demanding. When the business needs a view of its opportunities, it looks towards risk managers to help paint that picture. In order to help organisations lower their total cost of risk, risk managers need to be able to immediately cross-examine their risk and insurance data. Traditionally this is a costly and slow process that can struggle to deliver results at the pace the business is evolving. But that can be turned around entirely with the right solution.
thryve’s Risk Management Information System is such a solution. It empowers risk decision-makers with leading-edge technology, accelerating the consolidation of data across the organisation’s silos and automating processes to speed up delivery. From here managers can access more advanced features, such as personalised reporting and predictive analytics. Reduce losses, test mitigation strategies, improve costs and feed risk data to the business at the pace it desires.
Risk and strategy go hand in hand, which is why a poor view of enterprise risk creates barriers for the organisation’s ambitions. But this is very difficult to address in the sprawling estate of enterprises, where silos, business units and many other individual components tug and twist against the mothership.
We leverage our GRC experience at thryve to bring together all the significant risks of an organization, in a way that enables the organization to most effectively manage them. Your organisation’s key objectives are supported through our processes of risk identification, assessment, mitigation, and monitoring. Reduce volatility and surprises with a clear view of what your enterprise’s rick landscape looks like, without disrupting contributors and their related processes. thryve’s Enterprise Risk Management solution is a technology marvel that creates a single view of organisational risk with granular detail, without rocking the boat.