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.