Visualization is one of the most powerful ways to capture the bigger picture and create insights. Insights are what helps to make better decisions. That is why VirtueSpark Enterprise Cloud is designed with visualization in mind. In order to ease working with the tool and to generate and share the important insights with stakeholders.
ACROSS THE ORGANIZATION AND THE SUPPLY CHAIN
Break the silos by visualizing relationships and end-to-end dependencies across units and even the full value chain. A holistic view helps to understand relations across boundaries and does impact decisions for the better.
ON THE OBJECT
In the VirtueSpark Enterprise Platform universe everything is considered an object. A risk, a product, a unit... Independent from what perspective it is addressed: How objects relate across the whole landscape, what is connected to a particular object and where decisions might impact others can be seen at a glance.
INTEGRATED RISK MANAGEMENT
Efficiently implemented Integrated Risk Management is a form of strong collaboration and trust, where it is understood that everything is interrelated and affects each other across organizational level.
On the VirtueSpark Enterprise Cloud risk management is not only connecting the enterprise level risk management with the operational management of risks on the shop floor. The integration in objectives and opportunity management helps to easily identify and manage the key relevant risks for objectives. It also helps to better leverage the correlation of risks and opportunities.
The seamless integration with the other elements of the GRC landscape, such as governance and compliance, make it easy to collaborate along the operational workflows across roles and units.
THIRD PARTY SUPPLIER INTEGRATION
Supplier onboarding can be achieved in two ways. If the supplier maintains his own system, it can be connected via interfaces. All relevant information is updated and aligned frequently.
Particularly for scenarios with smaller suppliers that don't have their own GRC software, the supplier can be on boarded on the Enterprise Platform where he accesses and manages his own space. This allows better control of the supply chain risks whilst the strong access rights mechanism prevents from unauthorized access to confidential data.
Support for collaboration and cooperation between units and functions through notifications, workflow support and cooperative activities.
Extended the collaboration and involve your third parties through interfaces or as secure container on one single platform in order to manage dependencies along the entire supply chain.
Spend your time and effort where it makes the most sense. Whilst for the one scenario a high-level assessment is sufficient, another might require a deep-dive analysis. Maybe with different scenarios or continuous monitoring and key indicators that are provided with a continuous data stream of operational data, and with thresholds that trigger alerts or automatically initiate actions.
The system supports both and anything in between and still ensures consistency in assessment and results. The decision on to what extent you want to use the system’s capability can be made case by case, just as appropriate
Visualization of object dependencies for better informed decisions.
MULTIPLE ROLES AND VISIBILITY
Restrict access to sensitive information and functionality by roles and units.
One taxonomy, expandable and adaptable to individual requirements.
FOCUS ON BUSINESS OBJECTIVES
Relate activities to your business objectives and focus on added value.
STRATEGY AND OPPORTUNITY MANAGEMENT
Align decision-making with opportunity management and improve your strategic decisions.
Designed as one platform it allows seamless integration of all solution modules.