A flexible and agile platform TO BETTER MANAGE RISK AND CORPORATE ETHICS. The objectives of risk management can be described as the culture, processes, and structures that are directed
towards realizing potential opportunities whilst managing an adverse effect. PracticeLeague Risk Management System helps in managing risks and gives insights and actionable to keep those risks to an acceptable minimum.
2. Enterprise Risk Management
Software Solution ForRisk Departments
Access | Plan | Implement| Review | Communicate | analy�cs | d ashboards
Risk being the core element of every business acts as an opportunity to thrive and also poses threat to the company.
While completely elimina�ng Risk is an aspira�on, mi�ga�ng them in a s�pulated period of �me needs visibility,
clarity and acute sense of understanding of business.
As the Risk Managers assesses a range of risks, it is the responsibility of the General Counsel to direct them towards
those risks that can be fatal for the company and ensure that a comprehensive plan is in place to tackle them. And
an efficient GC will use the most proficient processes supported by unified technology pla�orms available to
mi�gate these risks saving direct repercussion on the Business, Business reputa�on, Finance and Legal.
The Complete
Risk Ma
nagementPlatformFully automate the risk
management, including
workflow, flags, updates,
comments, audit trail,
reminders, et al.
Automate
-Risk Register
-Multiple
Departments/Locations
Manage
-Reviews and Approv-
als
-Periodic Updates
-Risk Index and Proba-
bility
-Early Warning
Reminders
Reminders/Alerts
-Risk Visibility
-Internal & Exter-
nal Collaboration
Increase
Process Control
Data & Informa-
tion Security
Improve
2
www.Prac�ceLeague.com
3. 3
www.Prac�ceLeague.com
Features
The objec�ves of risk management can be described as the culture, processes and structures that are directed
towards realising poten�al opportuni�es whilst managing an adverse effect. Prac�ceLeague Risk Management
System helps in managing risks and gives insights and ac�onable to keep those risks to an acceptable minimum.
User-friendly and
Easy-to-use
Interface
Centralised Risk
Management
Comprehensive
Risk Register
Risk Impact
Risk Probability Mitigation Plan Proposed Invest-
ment
Inherent Risk
Index
Residual Risk Index
Deadline Manage-
gment
Reminders &
Escalations
Tracking Oserva-
tions & Replies
Complete Audit
Trail
Risk Movement &
Progress
Heat Map
Review & Approve
Workflow Bulk Risk Approval
Multi-department
Collaboration
Financial Year-wise
Risk Management
and Comparison
Risk Bucketing
Track Risks by Type,
Departments/Divi-
sion, Regions, Stage
Document Attach-
ment with
Updates
Email Reminders /
Escalations Reports & MIS
Dynamic
Role-wise Dash-
board
4. 4
www.Prac�ceLeague.com
Additional Features
• Easy Data Migra�on
• User Management
• User Group Management
• Role-based Access/User Rights
• External Partner Collabora�on
• Web Based
• 256 Bit SSL Encryp�on
• Cloud Subscrip�on
• Private Cloud Op�on
• On-premise Installa�on Op�on
• SSO/AD Integra�on
PracticeLeague Risk Management Workflow
5. 5
www.Prac�ceLeague.com
Benefits
1. Unified Engagement Platform:
Risk Management in organiza�ons that have implemented Enterprise Risk Management (ERM) note that
increasing the focus on risk at the senior level results in more discussion of risk at all levels. The resul�ng cultural
shi� allows risk to be discussed more openly and breaks down the isola�on chambers in which risk was
tradi�onally managed. As risk related discussions develop into a standard part of the overall strategic business
processes, opera�onal units o�en find that addressing risk in a more formal way helps manage their part of the
organiza�on as well. Communica�on and discussion of risk is recognized as not only a process to provide
informa�on to senior management, but also as a way to share risk informa�on within and across opera�ons of
the company, and allow be�er insights and decision making concerning risk at all levels.
2. Standardized risk reporting
ERM supports be�er structure, repor�ng, and analysis of risks. Standardized reports that track enterprise risks
can improve the focus of directors and execu�ves by providing data that enables be�er risk mi�ga�on decisions.
The variety of data (status of key risk indicators, mi�ga�on strategies, new and emerging risks, etc.) helps
leadership understand the most important risk areas. These reports can also help leaders develop a be�er
understanding of risk appe�te, risk thresholds, and risk tolerances.
One of the major values of ERM risk repor�ng is improved, �meliness, conciseness, and flexibility of the risk
data. This provides the data needed for improved decision making capabili�es within the execu�ve and director
levels, and in other layers of management. ERM helps management recognize and unlock synergies by
aggrega�ng and sharing all corporate risk data and factors, and evalua�ng them in a consolidated format.
3. Improved focus and perspective on risk
ERM develops leading indicators to help detect a poten�al risk event and provide an early warning. Key metrics
and measurements of risk further improve the value of repor�ng and analysis and provide the ability to track
poten�al changes in risk vulnerabili�es or likelihood, poten�ally aler�ng organiza�ons to changes in their risk
profile.
ERM also permits a more complete viewpoint on risk. Tradi�onal risk prac�ces focus on mi�ga�on, acceptance,
or avoidance. However, effective ERM processes gives management a framework to evaluate risk as an
opportunity to increase compe��ve posi�ons and exploit certain market and opera�onal condi�ons.
4. Efficient use of resources
In organiza�ons without ERM, many individuals may be involved with managing and repor�ng risk across
opera�onal units. While developing an ERM program does not replace the need for day to day risk management,
it can improve the framework and tools used to perform the cri�cal risk management func�ons in a consistent
manner. Elimina�ng redundant processes improves efficiency by alloca�ng the right amount of resources to
mi�ga�ng the risk.
5. Effective coordination of regulatory and compliance matters
Bond ra�ng agencies, financial statement auditors, and regulatory examiners, have begun to inquire about, test,
and use monitoring and repor�ng data from ERM programs. Since ERM data involves iden�fying and monitoring
controls and mi�ga�on efforts across the organiza�on, this informa�on can help reduce the effort and cost of
such audits and reviews.
Through all of the benefits noted above, ERM can enable be�er cost management and risk visibility related to
opera�onal ac�vi�es. It also enables be�er management of market, compe��ve, and economic condi�ons, and
increases leverage and consolida�on of disparate risk management func�ons.
6. 6
www.Prac�ceLeague.com
About PracticeLeague
Who we are
RevolutionizingThe Digital ConnectbetweenBusiness & Law
We provide an Intelligent and Unified pla�orm for the Enterprise Legal Ecosystem driving Digital Transforma�on to
the next level. Prac�ceLeague helps entwine legal efficiency and cost-effec�veness with complex end to end
business opera�ons with the sheer power of simplicity, speed and innova�on driving today’s quintessen�al
compe��ve edge and the highest standards of corporate ethics.
What We Do
Prac�ceLeague Ecosystem focuses on integra�ng Enterprise Legal Management to the core of Integrated Risk
Management in alignment with the evolving role of Corporate Legal.
The Prac�ceLeague ecosystem brings all en��es of business and legal ecosystems on a virtual grid empowered with
Ar�ficial Intelligence, Blockchain and Secured Cloud for seamless exchange of data, execu�on of processes and
predic�ve management with real-�me visibility and control.
The ecosystem empowers Legal to collaborate with three key stakeholder communi�es in the ecosystem, business,
authori�es and professional services partners to deliver on organiza�onal compe��ve edge and a strong corporate
iden�ty. The pla�orm offers opera�onal analy�cs to sustain innova�on con�nuum, orchestrates predic�ve insights
from cross-func�onal prac�ces for richer business context and ensures compliance with regulatory and statutory
standards and internal policies.
Prac�ceLeague LegalTech is a well-established and fast growing Startup with a con�nuous endeavour to redefine
complexi�es in enterprise legal opera�ons with the power of “Innova�on with Simplicity”.
Contact Us on sales@Prac�ceLeague.com
Or Call us on 9922222260