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Risk
Management
Revolutionizing The Digital Connect Between Business
and Law
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
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
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
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
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

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PracticeLeague Risk Management Platform

  • 1. Risk Management Revolutionizing The Digital Connect Between Business and Law
  • 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