BEAR (Business Enterprise Audit Risk)

BEAR is an Enterprise Wide Risk Management Solution. It is a South African product and meets with international standards and principles of Enterprise Risk Management.

Why use the BEAR System?

• No or limited Formal Risk Management Strategy and approach.
• Need for a centralised Risk Database.
• Informal or Non-existing Reports on Status of Risks.
• Industry requires an easy-to-use application.

BEAR - Solution:

• Tailor the Risk Management Software to your Organisational Needs.
• Scalable from site to international operations.
• Qualify risk types in categories.
• Qualify Risk Severity & Probability.
• Determine Control Qualities.
• Link to responsible person.
• Online Based Access from Remote Sites.
• Tracking Risks for Additions and Changes.
• Accountability for management of risk through task driven system.

BEAR - Benefits:

• Standardised Risk Methodology Across the Organisation.
• Continuous Risk Monitoring & Management.
• Integration with current, scattered risk information (import).
• Providing Risk Information for Assurance Providers.
• Accountability for risk management process can be measured.

BEAR Product Profile

TopicWorx

TopicWorx is a user-friendly risk management software solution specifically developed for corporate business intelligence requirements and serves as a single secure intelligence portal for the entire organisation. It is a web-based application that does not require specialised or supporting software. TopicWorx will provide you with integrated risk monitoring, analysis and forecasting services. Furthermore, TopicWorx will assist your company in monitoring and understanding the current and future risks that could impact business operations, and will assist in strategic and operational decision making. TopicWorx provides a Website Portal that delivers comprehensive intelligence solutions, enabling your company to better understand the risks facing its operations in respective areas, regions and countries. Our risk monitoring, collection, analysis and dissemination of intelligence relevant to role-players within your organisation, will help you to mitigate potential risks.

Analysis

Analysis is performed over a wide variety of entities. These entities include risks, controls, localities and responsible users of the system. Bear allows data mining by placing analysed information in context to risks, controls and locality structures that culminates into intelligence, which may form the basis for trends, forecasting and prediction.