Streamline your risk management process by choosing the right risk management software in Australia
Discover why you need to invest in risk management software in Australia and how you can choose the solution that best meets your needs and enables you to transform your risk management process to improve efficiency.
Streamline your risk management process by choosing the right risk management software in Australia
Discover why you need to invest in risk management software in Australia and how you can choose the solution that best meets your needs and enables you to transform your risk management process to improve efficiency.
What are the benefits of choosing risk management software in Australia?
Improvements to the risk culture
One of the major challenges facing many security risk management practitioners is the difficulty of getting buy-in from staff due to a lack of risk awareness and ownership. However, this can be addressed effectively by using risk management software to help practitioners develop comprehensive training programs that educate staff members from each business function about the potential risks they could encounter while enhancing the risk culture.
Improvements to the risk culture
One of the major challenges facing many security risk management practitioners is the difficulty of getting buy-in from staff due to a lack of risk awareness and ownership. However, this can be addressed effectively by using risk management software to help practitioners develop comprehensive training programs that educate staff members from each business function about the potential risks they could encounter while enhancing the risk culture.
Time and cost savings
Many organisations can’t afford to allocate dedicated resources for managing risks due to the resource and time-intensive nature of implementing manual risk management processes. While businesses can outsource risk management to consultants, this is a luxury that only a few entities have the means to access. But in contrast, using risk management software delivers time and cost savings by leveraging automation and eliminating manual errors.
Time and cost savings
Many organisations can’t afford to allocate dedicated resources for managing risks due to the resource and time-intensive nature of implementing manual risk management processes. While businesses can outsource risk management to consultants, this is a luxury that only a few entities have the means to access. But in contrast, using risk management software delivers time and cost savings by leveraging automation and eliminating manual errors.
Enhanced risk resilience
While improving risk resilience is a priority that all organisations seek to achieve, the specific degree of resilience that may exist at present is majorly dependent on the effectiveness of the currently implemented risk treatment plans and incident response strategies. By leveraging risk management software, security practitioners can get accurate and actionable insights to formulate more efficient risk mitigation strategies and treatment plans.
Enhanced risk resilience
While improving risk resilience is a priority that all organisations seek to achieve, the specific degree of resilience that may exist at present is majorly dependent on the effectiveness of the currently implemented risk treatment plans and incident response strategies. By leveraging risk management software, security practitioners can get accurate and actionable insights to formulate more efficient risk mitigation strategies and treatment plans.
Improve regulatory compliance
Depending on the industry that your organisation operates in, you will have to ensure compliance with various regulatory requirements. Some of the most common regulations include HIPAA, GDPR, and SOCI. When facing the increasingly stringent regulations introduced at present, risk management software provides a strong foundation for compliance by allowing organisations to generate comprehensive audit trails that meet regulatory requirements.
Improve regulatory compliance
Depending on the industry that your organisation operates in, you will have to ensure compliance with various regulatory requirements. Some of the most common regulations include HIPAA, GDPR, and SOCI. When facing the increasingly stringent regulations introduced at present, risk management software provides a strong foundation for compliance by allowing organisations to generate comprehensive audit trails that meet regulatory requirements.
How to choose the right risk management software in Australia?
There’s no one perfect risk management software, as the features and capabilities of the solution will need to be different based on the nature, scale, and industry of your business. That said, there are a few key factors that you need to consider which can help you find the right security risk management solution for your organisation.
Your business objectives and requirements
Consider what you’re trying to achieve by investing in a risk management solution: Are you looking for a risk assessment solution? Or a solution that offers advanced risk management tools to support your efforts?
Your current risk maturity level
Does your organisation have a well-defined risk culture and a development risk management framework? Are you just starting to develop a risk management workflow? These questions can help you choose the right platform.
Integration with existing systems
Consider how well your preferred risk management platform will integrate with your existing systems and workflows. Choose a risk management solution that can integrate well with your information and access control systems.
Preference of deployment
You have two choices when it comes to the mode of deployment; you can either choose an on-premise risk management software or a cloud-based solution. The choice should factor in the deployment of your other systems.
Accelerate your security risk management transformation with SECTARA
We understand how frustrating and inefficient it can be to utilise manual and legacy risk management tools like Microsoft Word and Excel. That’s why we developed SECTARA to give security practitioners a modern platform that combines form, function, and efficiency.
Our platform offers you many advanced features—including real-time monitoring, risk libraries, customisable risk templates, and encrypted storage—that will enable you to transform how you approach risk management.
Some of the industries we serve
Government
Identify, monitor, and manage systemic risks associated with policy implementation, public safety, and national security with a scalable and configurable risk assessment solution.
Critical infrastructure
Obtain insights to identify and mitigate potential threats to critical infrastructure like energy, transportation, and communication systems through professional risk assessments.
Mining
Ensure safe, secure, and efficient operations and overcome common mining challenges like equipment failure and environmental hazards via a professional risk assessment solution.
Defence
Obtain a comprehensive view of potential threats to national and regional security and implement effective risk management strategies with military-grade risk assessment solutions.
Healthcare
Ensuring the safety of patients, staff, and other stakeholders while managing risks associated with medical procedures and data privacy through a configurable risk assessment solution.
Finance
Identify, monitor, and manage critical risks like market volatility and data breaches with a risk assessment solution to protect stakeholder assets and ensure regulatory compliance.
Consultancy
Help your clients make informed decisions about risk management by leveraging insights from a professional risk assessment solution that helps identify, address, and monitor risks.
Cybersecurity
Protect your digital assets with our advanced cybersecurity risk assessment solutions. Stay ahead of evolving threats and fortify your defences with comprehensive risk assessments.
Education
Identify and mitigate compliance, finance, operational, and reputational risks in processes such as student selection and regulatory adherence with professional risk assessments.
Ready to simplify risk management by investing in comprehensive risk management software in Australia?
Start your 14-day free trial
What you get with our free trial
2 users (Account Admin, Org & BU Admin, Assessor, Viewer)
2 concurrent assessments
2 organisations & business units
In product training
The ability to export assessments to MS Word
MS Excel treatment plans
White label SECTARATM platform
White-label exported documents
Audit records
Ready to simplify risk management by investing in comprehensive risk management software in Australia?
What you get with our free trial
2 users (Account Admin, Org & BU Admin, Assessor, Viewer)
2 concurrent assessments
2 organisations & business units
In product training
The ability to export assessments to MS Word
MS Excel treatment plans
White label SECTARATM platform
White-label exported documents
Audit records
Start your 14-day free trial
