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Xactium

Name: Xactium
Rating: 4.5 (2 reviews)

By Xactium

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Highlights : About Xactium

Compliant risk management

Enterprise risk management

Internal controls management

About Xactium

Xactium is a cloud-based risk management solution, particularly suited to deployment within the financial services industry. Promising enough flexibility for supporting any organization however, the software aims to improve risk visibility and compliance at every level. Xactium can be configured to match existing risk frameworks or processes, adding to operations with capabilities across risk aggregation, customizable risk scoring, hierarchy charting and comprehensive reporting. The ISO 31000 and 3LOD compliant system makes risk identification consistent, building flexible risk management hierarchies, raising risks from standard or custom templates and making risk capture easier. Provide standalone incident and event recording forms as standalone pages or within a company intranet, clearly assigning ownership while setting risk appetites or tolerance levels and categorizing accordingly. Xactium’s risk assessment tools, both qualitative and quantitative, include multiple scoring schemes including inherent, residual and target. Schemes can be raised to match each area of a business, assessing against impact categories that matter most while leveraging notifications and escalations plus instant trend results to track mitigation progress.

Specifications

24/7 Support

Yes

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Operational risk management

Market risk management

Risk analytics benchmarks

Corrective actions (CAPA)

Internal controls management

Business process control

Financial risk reporting

Enterprise risk management

Risk management auditing

Flexible management hierachies

Compliant risk management

Risk mitigation management

Risk idenification hierarchies

Risk assessment scoring

Real time risk reporting

Benefits

Intuitively capture and group risks at every level of an organization, building flexible risk management hierarchies and generating risks for customizable templates.

Perform quantitative and qualitative risk assessments leveraging multiple scoring schemes, while viewing results instantly alongside historical assessment trends.

Create new mitigation controls, assigning to risks and control owners to track progress updates while using workflows and audit trailing to follow activity.

Comprehensive risk reporting options show key insights and trends, producing real-time feedback on risk data within centralized dashboards.

Allow teams to collaborate on risk management procedures using Chatter text to instantly converse, giving users role-based access permissions to the most appropriate features.

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