datasheet

Archer Enterprise
Risk Management

Use Case for Enterprise & Operational Risk Management
The Challenge
Risk professionals are continually challenged in managing scattered lists of risks and internal
controls documented in different ways in various areas of the organization. Nonstandardized risk
management terminology, inconsistent risk assessment methodology and inconsistent risk rating
scales mean there is no comprehensive visibility to or accountability in addressing known risks.
With everyone speaking differently about risk, inconsistent risk assessments can lead to bad risk
management decisions, potential violations of regulatory mandates and an overall poor risk
management culture.

Overview
Archer Enterprise Risk Management enables practitioners to document risks and controls
throughout the organization. Risks can be assessed on an inherent and residual basis, both
qualitatively and across multiple risk categories using monetary values. Controls can be linked
to the risks they treat for consideration as a part of a residual risk assessment. Risks andcontrols can be assigned to named individuals and organizational structure to establish
appropriate accountability and to provide relevant reporting.

Features• Catalog a consolidated view of risks and internal controls within the organization.
• Map risks to business processes, controls, higher-level risk statements and scenarios.
• Establish a library of agreed-upon scenarios and perform assessments on selected scenarios.
• Perform qualitative and monetary assessments of inherent and residual risk.
• Monitor risks against established tolerances and risk appetite.
• Enforce consistent terminology, risk assessment methodology and rating scales.
• Organized, managed process to escalate issues to ensure proper signoff/approval of issues.
• Operationalize accountability for risks, controls, business processes, scenarios, risk assessments and 				 outstanding issues.
• Establish delegated authorities for approving risk and enforce those authorities by automatically routing		 risk decisions to the authorized individuals.
• Visibility into risk and control inventory and assessment progress via predefined reports and		 risk dashboards.

Benefits
With Archer Enterprise Risk Management, you can:• Catalog a consolidated view of risks and internal controls within the organization.
• Map risks to business processes and controls.
• Understand the linkage between risk register statements and enterprise risk statements.
• Perform qualitative and monetary assessments of inherent and residual risk.
• Monitor risks against established tolerances and risk appetite.
• Manage risk scenarios on a consolidated basis, performing risk assessments and relating them to the risk register.
• Make certain that risk decisions are accepted only by those individuals with the authority to do so.
• Enforce consistent terminology, risk assessment methodology and rating scales.
• Ensure that all stakeholders are engaged in risk management commensurate with their scope of responsibility.
• Establish an organized, managed process to escalate, approve and remediate issues.
• Provide consistent risk and control reports from one consistent system of record.

About Archer
Archer is a leading provider of integrated risk management (IRM) solutions that enable customers to improve strategic decision-making
and operational resilience with a modern technology platform that supports qualitative and quantitative analysis driven by both businessand IT impacts. As true pioneers in GRC software, Archer remains solely dedicated to helping customers manage risk and compliancedomains, from traditional operational risk to emerging issues such as ESG. With over 20 years in the risk management industry, theArcher customer base represents one of the largest pure risk management communities globally, with more than 1,200 customers
including more than 50% of the Fortune 500.
Visit www.ArcherIRM.com.

@ArcherIRM

Archer Integrated Risk Management©2024 Archer Technologies LLC. All rights reserved. Archer and the Archer logo are registered trademarks or trademarks of ArcherTechnologies LLC in the United States and other countries. All other trademarks are the property of their respective owners. Archerbelieves the information in this document is accurate. The information is subject to change without notice. 5/24 Data Sheet.