Using the "HOW DO I" section below you can drill into how Xactium answers some of the key Risk Management challenges.
With the Xactium platform's support for multiple devices, you can readily access and visualise all your key risk data on any browser and mobile devices. This includes mobiles, tablets and even smart watches such as the iWatch. You can also receive notifications on your devices as well, giving you rapid updates on the progress of specific risk management activities.
Xactium provides a wide variety of data visualisation tools. These include the ability to view your data in a number of different chart types and formats, and to also combine this data into multiple dashboards. It is easy to configure these visualisations using the flexible inbuilt report builder, which supports drag and drop visualisation capabilities. Because the platform has such wide usage, it has also be integrated with a wide array of third party data visualisation tools such as business objects, qlikview, crystal reports, and so on. To set these up all you need to do is go to the appexchange and download and instal the relevant integration application.
You can quickly create dashboards that show the progression of all you key metrics, including key risk indicators, key control indicators and key performance indicators. These show the specific thresholds and track the value of the indicators over time. Multiple dashboards can be created for specific areas of risk, e.g. operational risk or financial and regulatory risk. Dashboards can also be used to track and report on specific areas of risk appetite, for example relating to conduct risk. Dashboards can be printed at any time, this enabling the current risk status to be easily shared and distributed during meetings.
A variety of executive dashboards are built into the Xactium system. These support the reporting of key risks, incidents and KRIs in one convenient report. Reports are printable in a variety of formats, thus making them easy to distribute. Executive dashboards can also be customised to a clients specific requirements. Support for externally generated excutive reports is also provided through third party document generators such as Conga.