ERM Dashboard is a centralized control panel of ERM (Enterprise Risk Management) software to provide decision makers with a top view of all risk types in an integrated manner. This panel communicates a great deal of information to executives and managers about risk profiles and areas of concern. It consists of customizable views and panels to lay out risk-related data and get a user-friendly display that lets understand current situation with risks at a glance.
ERM dashboard serves as a risk data monitoring tool that contributes to proactive company management, more informed decision making, and greater confidence in enterprise-wide risk management. It displays at least the following data about company risks:
- Risk ratings or profiles that classify and describe all risks (e.g. credit risk, liquidity risk, operational risk) affecting the company
- Concentration rates that describe by which areas risks are spread out (e.g. by product, geography, market)
- Key performance indicators that measure the impact of risks on the company’s performance
- Risk management activities, including major events and significant changes regarding risk identification and responding.