Risk management based on RiskMonitor™ from PricewaterhouseCoopers
Risk management is not only a necessity due to legal requirements such as KonTraG, Corporate Governance, Basel II and the German Accounting Law Reform Act. Systematic monitoring of the corporate environment is also of existential importance from an operational perspective. Just as navigators on board ships need navigation instruments, managers in companies also need appropriate tools for navigating the waters of the market.
The risks must be recorded, evaluated and documented. Cassandra can be used to assign recorded risks to different organizational units, risk types, areas of consideration, corporate objectives and risk owners. Risk assessments, countermeasures and indicators can be conveniently managed. As a risk management system, Kassandra manages corporate risks and countermeasures in order to create more security in corporate management through transparency. The risk evaluation and documentation offers comprehensive presentations both as overviews and in detail. Risks can be allocated proportionately in the group structure and their impact can be evaluated depending on the level of consideration. In addition to the standard reports, individual reports and export functions can also be used. All users can be assigned precisely specified access rights. This means that the required information is available in a customized format.
Kassandra follows a specialist concept developed by PricewaterhouseCoopers (PwC), which also forms the basis of PwC's RiskMonitor. As Kassandra will in future be used by PwC as a project tool for risk management projects, the further development of the system will also be based on PwC concepts. The close cooperation between RiskCo and PwC is intended to ensure that Kassandra's mode of operation complies with current requirements for risk management systems. This also applies to future versions.