Convercent recently announced the launch of its risk management solution that weaves risk throughout the Convercent platform to better prioritize compliance and risk management efforts.

Convercent offers a single software solution for compliance tools and data to work together to address an organization’s most pressing risks, enabling compliance professionals to design a risk-based program; implement initiatives; and measure and enhance the effectiveness of those efforts.

With risk integrated across the entire compliance platform, Convercent’s latest release provides a dashboard heat map for quick insight into an organization’s corporate compliance risks, including severity, impact, and likelihood analysis. This risk-centric approach provides an immediate visual dashboard of an organization’s most pressing issues, the steps being taken to address them, and a clear path to mitigate those risks.

Notable features of the new solution include:

Risk dashboard: Establish, characterize and document key compliance risks;

Compliance initiatives: Map specific policies, training courses and corrective action campaigns to your unique risk areas and relate hotline reports and their associated behaviors to the risks they create or increase;

Task management: Assign tasks, share content and document all compliance communication, with a full audit trail;

Program oversight: Facilitate program monitoring, auditing and engagement by compliance teams, frontline managers, HR, senior leaders, auditors, directors and regulators alike; and

Program reporting, assessment and benchmarking: Slice and dice risk data in real time for greater insight. Take action with Convercent’s dashboards, heat maps and fully configurable ad hoc reporting.

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