Riskonnect, a UK-based software company, has launched its Risk Bow Tie analysis feature for governance, risk and compliance (GRC). This release adds to Riskonnect’s Enterprise Risk Management solution.
Bow Tie assesses enterprise risk to help clients understand risk causes and consequences as well as develop mitigation strategies.
It has also been designed to engage wider audiences in risk management collaboration.
The enhancement automatically generates Bow Tie diagrams and risk relationships within the solution, to allow clients to integrate the Bow Tie analysis into their risk management programmes.
Commenting on the release, Kathryn Carlson, Riskonnect’s senior vice president of product management, says: “Integrating Bow Tie analysis into risk management programmes is typically done manually, which creates a hurdle for managers preventing them from leveraging the methodology. We are eliminating this burden to help companies with automation.”
