Assurance Professionals Served
Clarify the risks that matter
Connected Risk is our best-of-breed governance and compliance software platform, delivering optimal risk management through an enterprise-wide view of risk.
Drawing from various sources – third-party or non-standardized – into a single, aggregated view of risk, the platform prioritizes data using advanced mapping, and then makes the information easier to understand through a system of tags, structures, charts, and a shared taxonomy.
All risk data can be viewed both at a specific use case and an enterprise-wide level, on a dashboard tailored to meet your needs.
Configure to your needs
Connected Risk removes the limitations that often emerge when aligning an off-the-shelf system to existing risk processes or reporting standards.
It gives you the information you need to take action on your most pressing risks, letting you see the full picture of your risk profile, and therefore make better decisions with greater ease and efficiency.
Our new platform makes it possible for you to absorb ever-increasing volumes of data with standardized, tailorable process automation through the deployment of connected solutions.
Take advantage of the complete suite of Thomson Reuters connected solutions to cover the full spectrum of risk management – Risk, Compliance, Audit, Regulatory Change, and Model Risk Management.
Build your own customized solutions within the platform according to specific business requirements.
The configurator tool is part of the out-of-the-box offering, and allows you to tailor a solution that meets your exact needs.
Using configuration tools to reduce costs of deployment and maintenance, the platform’s connected solutions can work with your current point solutions and processes.
This lets you to close costly gaps in coverage, replace unsuitable systems and get an accurate and complete view of your risk profile.
Connected Risk, connected solutions
Connected Risk gives you the information you need to take action on your most pressing risks. It uniquely enables you to see the full picture of your risk profile.
You can link any one or all of our connected solutions to the platform. As a result, teams benefit from a high level overview of risks across these areas.
Connected Risk provides instant access to any data at any level. You start with the complete dashboard view, focus on what matters and then drill down to an increasingly granular level of detail until you’re satisfied you have sufficient information to support your decisions.
Our solution also understands the evolving role of audit: mid-cycle course corrections are now the 'new normal' and the traditional approach of setting and following an annual audit plan is no longer relevant in an era characterized by disruption.
- Flexible risk assessment capabilities
- Agile audit planning
- Streamlined audit execution, whilst leveraging existing legacy systems and maximizing the value of all available risk data within the organization
For compliance officers
Our flexible solution guides you through developing an efficient compliance framework that identifies, measures and reports compliance risk across your organization.
It ensures that you are operating within the constraints of agreed-upon controls.
- Track and manage the impact of regulatory change
- Quickly and easily assess how each regulatory change could potentially affect the organization and therefore we cut through the noise
- Map changes to your organization and empowering your compliance teams to manage change with speed and precision
For risk managers
Our flexible Risk Management solution ensures that the data supporting your decisions is reliable and complete.
It maps to your unique methodology and processes, drives efficiency and ensures that you remain fully risk aware, so that you have the confidence to embrace both disruption and risk.
- Manage your model inventory with a powerful workflow engine
- Identify and track issues through to resolution
- Meet regulatory requirements through flexible data mapping and integrated reporting
For other professionals
A wide range of professionals can benefit from Connected Risk.
As a next-generation risk management software platform, Connected Risk delivers trusted, reliable information about the risks relevant to your role within the organization.
- Streamline workflows, and configure and adapt to your business needs
- Drill down to a detailed level of risk data
- Integrates external content with ease
Provides streamlined scope definition and collaborative electronic workpapers that let audit teams maintain structure to their work.
Aggregate and streamline your regulatory and compliance programs, and reveal a deeper understanding of your existing and emerging risks.
The complete solution on the Connected Risk platform, providing a trusted understanding of the model risk landscape.
Provides enhanced techniques to map the organizational structure to relevant risks, controls and policies, helping determine which regulations may impact the business.
Our risk management solutions help you to ensure strong operational and enterprise risk management and programs, with the alignment of culture and business strategy.
Connected Risk – key features
View isolated, day-to-day needs of each department, share and co-ordinate information, and benefit from consolidated reporting.
Integration with legacy solutions
Leverage data from existing legacy technologies – Thomson Reuters or your own – for a holistic view of risk.
A disciplined, consistent application
Connected Risk supports in-house development as it connects with or replaces your existing IT assets.
Flexing with your structure and processes
Map your organizational structure and processes. Critical risk information is updated continually using both work flows and automated data feeds.
Instant access to any data
Start with the complete dashboard view, focus on what matters, and then drill down to an increasingly granular level of detail.
Blending external content
Whether it's Thomson Reuters or third-party content, we help you make the best decisions based on what is known at the time.
Thomson Reuters Connected Risk is our next-generation risk management software platform that connects internal and external information on the risks that matter, enabling you to truly understand the risks that your business faces, identify critical exposures and take appropriate action.
Understanding the true scope, nature and impact of risks may be the greatest challenge organizations face today. In this infographic, we outline what a connected view of risk can look like, and highlight how Audit can use it to support its role as a trusted advisor to the business.
We would like to invite you to the upcoming Thomson Reuters Virtual Summit. At the summit you will join a virtual environment with an array of industry leading content available at your fingertips - including an expert series of webinars, videos, blogs, white papers, infographics and more.