• Feature Set 1

    Risk Profiles

    Controls and Risks are matched using the many-to-many matrix solution. This approach allows fast “what-if” calculations to be performed to determine the likely effect of control enhancements, the reduction in exposure levels ...

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    Control and Risk Self Assessment (CRSA)

    This module supports the implementation of Control and Risk Self Assessment (CRSA) in any type of organization. Risks are indentified and assessed, and Controls are evaluated with the participation of the Business Units’...

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  • Feature Set 1

    Event (Incident) Tracking

    Data relating to risk incidence (event) is captured using this module. Ordinary users have the ability to log an event that is later verified independently by the risk management function. All relevant data fields are available in the system...

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    Diary (Remedial Actions)

    Risk Management, Internal Audit and Compliance can use this module to record their recommendations and identify the parties responsible for implementing them...

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    Internal Audit

    The Internal Audit module is designed to help the Internal Auditors manage an engagement all the way from planning to reporting and monitoring, while utilizing up to date risk and control data throughout the process...

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  • Nam adipiscing

    Corporate Governance

    This module allows for the identification and monitoring of corporate risks (macro risks identified using the top-down approach). It also generates a suite of standard reports and charts to senior management...

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  • Feature Set 1

    Key Risk Indicators

    This module is used to develop and monitor selected Key Risk Indicators against set thresholds. CAREWeb™ automatically imports the relevant data from other systems and updates the KRIs. The module also comes with a Dashboard screen...

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  • Feature Set 1

    Loss Prediction

    The module is built in collaboration with the University of Sussex Mathematics Department. It uses the loss database of previous years and statistically predicts the size of future losses using the "Monte Carlo" approach. ...

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  • Feature Set 1

    Notifications

    There are a number of exceptions and important issues that the user needs to be notified of in real time. These issues are automatically brought to the user’s attention in one screen. The user can click on any of them...

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  • Feature Set 1

    Email Alert

    Using this module, automated email alerts on identified exceptions are sent / escalated to officers at various levels in the organization.

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  • Feature Set 1

    Risk Explorer

    This module is designed to provide the user with the ability to navigate through the risk database, conduct inquiries, and obtain reports from the same screen. The user can also drill down the database...

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  • Feature Set 1

    Working Papers

    This module allows the user to upload and attach working papers with the relevant risk, control or event. In addition, the user has the ability to determine the user groups with whom the document is to be shared.

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Nam adipiscing Risk Profiling



Controls and Risks are matched using the many-to-many matrix solution. This approach allows fast “what-if” calculations to be performed to determine the likely effect of control enhancements, the reduction in exposure levels and different mixes of asset types.

One of the unique features of CAREWeb™ is its ability to quantify the strength of a certain function’s control environment. This is referred to as the “Gap in the Control Environment”. The bigger the Gap, the weaker the Control Environment.

CAREWeb™ also differentiates between weaknesses caused by lack of controls and those caused by inadequacy and inefficiency of controls.

Nam adipiscing Control and Risk Self Assessment (CRSA)



This module supports the implementation of Control and Risk Self Assessment (CRSA) in any type of organization. Risks are indentified and assessed, and Controls are evaluated with the participation of the Business Units’ management and staff. Self Assessment Compliance tests (tests of controls) are conducted by the Business Unit heads and the results are automatically reflected on their risk profiles.

The module allows for scheduling the dates these tests are to be conducted and will alert the relevant officers in case of delay.

Nam adipiscing Event (Incident) Tracking




Data relating to risk incidence (event) is captured using this module. Ordinary users have the ability to log an event that is later verified independently by the risk management function. All relevant data fields are available in the system and can be populated to fit the organization's specific requirements.

The module allows for analyzing the cause of each event and using the loss data to refine and validate the Business Units’ risk profiles. Actual and potential recoveries also tracked using this module.

Nam adipiscing Diary (Remedial Actions)



Risk Management, Internal Audit and Compliance can use this module to record their recommendations and identify the parties responsible for implementing them.

The module also allows for conducting "what-if" analysis to understand the effect certain recommendations might have on the entity's control environment.

Nam adipiscing Internal Audit




The Internal Audit module is designed to help the Internal Auditors manage an engagement all the way from planning to reporting and monitoring, while utilizing up to date risk and control data throughout the process. The module is split into these functions: Planning, Scheduling, Execution, Reporting and Monitoring. The following are among the many features available in this module:

Nam adipiscing Corporate Governance



This module allows for the identification and monitoring of corporate risks (macro risks identified using the top-down approach). It also generates a suite of standard reports and charts to senior management and the Board on the status of risks and controls for the organization as a whole.

For banks and other types of financial institutions, this helps in meeting Basel II Operational Risk Management and other regulatory requirements.

Nam adipiscing Key Risk Indicators



This module is used to develop and monitor selected Key Risk Indicators against set thresholds. CAREWeb™ automatically imports the relevant data from other systems and updates the KRIs.

The module also comes with a Dashboard screen that is used to efficiently monitor not only selected KRIs but also the CRSA data (e.g. Residual Risks, Controls and Control Gaps).


Nam adipiscing

Nam adipiscing Loss Prediction



The module is built in collaboration with the University of Sussex Mathematics Department. It uses the loss database of previous years and statistically predicts the size of future losses using the "Monte Carlo" approach. It not only allows banks to comply with Basle II but also allows any organization to set up a process of Internal Capital Adequacy monitoring.

Predictions can be produced for:

Nam adipiscing Notifications



There are a number of exceptions and important issues that the user needs to be notified of in real time such as:


These issues are automatically brought to the user’s attention in one screen. The user can click on any of them, read the notification and take necessary action without the need to log into the relevant entity.

Nam adipiscing Email Alert




Using this module, automated email alerts on identified exceptions are sent / escalated to officers at various levels in the organization. These exceptions include:

Nam adipiscing Risk Explorer



This module is designed to provide the user with the ability to navigate through the risk database, conduct inquiries, and obtain reports from the same screen.

The user can also drill down the database and reach the to relevant data fields in order to amend the data. Considering the size and multiplicity of Enterprise/Operational Risk data, this is an extremely useful feature.

Nam adipiscing Working Papers



This module allows the user to upload and attach working papers with the relevant risk, control or event. In addition, the user has the ability to determine the user groups with whom the document is to be shared.