More insights and less guesswork
into weak controls and compliance gaps
Less time spent on analytical activities and the administrative burden that comes with it
Fewer financial and reputation losses from compliance breaches
Ready to strengthen and sustain your risk management framework?
Teach team leaders to naturally align your process controls with your industry's standard risk taxonomy ensuring transparency and accountability across the organization
Module #11
Operational Risk Management
Originally launched in the back office of a financial services giant looking to enhance visibility into their Basel II operational risk portfolio, this module empowers team leaders to assess controls and report areas of risk through an intuitive heat map dashboard. Dive deep into processes, align controls with your corporate risk management strategy and strengthen your risk management framework through organizational transparency. Experience the power of Presto P-D-C-A in managing operational risks effectively.
Setting up this powerful tool is easier than you think! Follow these four simple steps to get started
1. CATALOGUE YOUR
RISK MANAGEMENT STRATEGY
Your risk management and compliance team has a list of key risks that your industry follows to stay in compliance. Use Presto's 3-tier risk management capture panel to integrate and catalogue each into business operations
2. CATALOGUE YOUR PROCESS CONTROLS
Use Presto's process workbench to list each business process assigned to each team and the process controls (aka process steps) within. Use the RACI accountability matrix to enhance sense-of-ownership
3. PERFORM THE RISK &
CONTROL SELF ASSESSMENT
Utilize the RCSA control survey to assess the strength of each process control and report the associated level of risk it poses to the underlying process
4. ALIGN PROCESS CONTROLS TO YOUR RISK TAXONOMY
Finally, ensure process controls correspond to each risk identified in your risk taxonomy by reporting on Presto's Operational Risk Heat Map, pinpointing areas where weak controls pose specific risks
Innovate, foster loyalty, perform!
By leveraging Presto P-D-C-A's Operational Risk Management module, organizations can enhance risk mitigation strategies. Identify, assess, and mitigate risks effectively to safeguard business operations, resilience and your reputation.
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All core features for operational risk management can be purchased in the 'Consultant' Subscription Plan
Need a Consultant?
Hire a dedicated Customer Success Coach to help you set-up and sustain PRESTO P-D-C-A successfully in your company
Learn more about our Operational Risk Management & Quality Assurance Consulting-as-a-Service program
The value proposition
Why PRESTO P-D-C-A?
Increase sense-of-ownership and sense-of-urgency at the process level so that staff members take a proactive approach in providing risk reduction ideas to their managers making your value chain more streamlined and secure
Let the big picture come from the top-down breaking company silos and giving 360° visibility into the company's risk management strategy and the staff that are available to support it while shining a floodlight on what roadblocks require immediate attention
Create a standard, company-wide catalogue of processes and all of its supporting process controls. Immortalize know-how by keeping it in a secure, centralised and easy-to-use platform to make on-the-fly decisions while having all the information you need about risk management right at your finger tips
DO A GUIDED TEST PILOT WITH US!
3-page brochure - DOWNLOAD
BOOST
PERFORMANCE
GROW & RETAIN
TALENT
BECOME
PROCESS-CENTRIC
CAPTURE, SAVE &
DISSEMINATE KNOW-HOW
SAVE TIME
SAVE MONEY
SAVE REPUTATION
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Minimal & Affordable!
PRESTO's Unique Features
Skills Matrix
(aka Competency Wheel)
PRESTO is the 1st software of its kind offering both process competencies and transversal skills management in PRESTO's simple 4-steps-to-excellence skill mapping function
R-A-C-I
Accountability
Enhance sense-of-ownership at all levels using the R-A-C-I matrix so each person feels accountable for the roles and responsibilities they have been assigned
Enhanced Roles &
Responsibilities
Help team leaders 'manage up' by aligning roles to client demand patterns to assist in identifying where situations of over & under staffing exist
Process to Talent Profile
Mapping
Assign talent profiles to each business process to allow increased confidence in matching work load expectations with role assignments
Document, File
& Media Management
Catalogue and make available with one click all the critical documents needed to support processes, roles and the training programs that support them. Supports all shared drive formats!
Objectives, Goals &
Target Management
Manage your targets with granular KPIs complete with threshold setting and message alerts to ensure that under performance is addressed in real time
HOW TO START
1
Sign up in minutes
Create your account and begin instantly!
2
Explore intuitive tools
We have invested in creating 100s of hours of training videos. Enjoy them!
3
Drive results immediately
Capture observations & know-how, reflect, and act!
Join our growing community of users
The value from the TOPP TI consultants and their continuous improvement platform PRESTO PDCA is a truly unique offering that is unmatched
by other vendors pushing their CI products and services in the market.
Heather Fegan
Director of Continuous Quality Improvement at Alvis, Ohio, USA
PRESTO played a key role in assisting our company in the acquisition of one of our former competitors by quickly and efficiently identifying,
mapping and communicating our post-acquisition's operating model, its processes and the roles and responsibilities of those responsible for each.
Nicolas De Angelis
CFO at Protection Unit, Liege, Belgium
PRESTO is a source of inspiration for our staff in the way it puts structure into the roles and responsibilities that are essential to our business.
Shabbir Haideri
General Manager at Union Paper Mills, Dubai, United Arab Emirates
With PRESTO and its highly skilled support team, we were able to successfully create, train and sustain a PMO
to govern and support our department leaders reducing risk and saving significant time'.
Mamadou Mbengue
CEO at Free Telecom, Senegal, Africa
We understand the challenges of operational risk management
We understand that as a business leader, you aim to mitigate operational risks effectively. However, navigating the complexities of risk identification, assessment, and mitigation can be overwhelming. Without a robust Operational Risk Management strategy, your organization may struggle with disjointed risk assessments, compliance gaps, and ineffective control alignment.
In today's dynamic business environment, we firmly believe that organizations should have access to comprehensive tools that streamline Operational Risk Management, promote transparency, and drive resilience. Our Operational Risk Management module within Presto P-D-C-A offers a solution to your challenges, providing granular insights into risks, enabling informed decision-making, and fostering a proactive risk management culture.
Here is how to start: 1. Contact us to assess your organization's Operational Risk Management needs. 2. Sign up and integrate your company's risk taxonomy into Presto's online portal. 3.Empower your team leaders with training to leverage the full potential of Presto's Operational Risk Management module.
So book your 30-minute discovery demo today and embark on the journey to strengthen your risk management framework, mitigate threats, and drive business resilience.
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