Driven by a business process and risk approach, MEGA helps companies manage risks across the enterprise to identify their acceptable level of risk and to build sustainable performance.
Enterprise Risk Management Challenges
More than ever, the challenge for companies is to turn risk into reward in order to provide increasing value to organizations. Important issues must be addressed:
- How to gather a holistic and accurate view of internal and external risks impacting the company’s sustainability.
- How to identify and treat risk portfolios and ensure that the internal control environment is well dimensioned.
- How to accurately recognize threats and opportunities, and take preventive measures to cope efficiently with risks.
- How to integrate risk management into business as usual and ensure the positive commitment of all stakeholders.
The MEGA Enterprise Risk Management Solution
The MEGA enterprise risk management software solution is based on the COSO II integrated framework to help companies manage strategy, operations, reporting reliability and compliance objectives. The solution helps boards to manage risk appetite and risk portfolio, and risk managers to efficiently gather and consolidate risk data to provide the information required to establish appropriate control systems.
The solution supports risk managers in all aspects of the risk management process – risk universe definition, risk identification, analysis, evaluation and treatment. It facilitates event collection and risk quantification and the sharing of a consolidated and realistic risk picture with an in depth view of business processes. It helps internal auditors to assess the internal control systems implemented by the organization and contribute to ongoing effectiveness.
The MEGA enterprise risk management solution is composed of easy-to-use and flexible risk management software tools, based on a common platform.
The solution is reinforced by 19 years of process expertise from MEGA’s international team of consultants. MEGA consultants help risk managers to implement a consistent risk methodology that is adaptable to the specific needs of the organization.
More about our consulting practice
| Related Software Tools | |
|---|---|
| Risk Identification and Assessment | Policy and Procedure Management |
| Risk Measurement | Action Plan Management |
| Loss, Event and Incident Management | Control Assessment and Testing |