Sword is a pragmatic risk practitioners’ tool promoting a culture of transparency and accountability that is underpinned by checks and balances. This is evident in the following features that facilitate an integrated, enterprise wide ability to manage operational and compliance risk:

• Positive assurance to demonstrate the effectiveness of internal controls. An automated routine runs each month to ensure business management sign off on the effective operation of key controls, with non-compliance being escalated to senior Management
• Issue and action management and sign off capability, which is linked to the ability to diarise reminders, and escalate and report exceptions to senior Management
• Provides comprehensive risk assessment, informed decision making, risk monitoring and reporting
• Key risk and performance indicator functionality enabling benchmarks to be established for key measures to monitor and report adverse risk and performance trends, and to act as an early warning system forecasting changes in your risk profile
• Ability to align key risk and performance measures to organisational units and / or to specific controls to objectively and independently assess the adequacy of the sign off of key controls
• The enterprise-wide capture of losses, profits and near misses attributable to operational events to enable lessons to be learned from root cause analyse, to quantify and qualify the impact of events on the organisation, and to focus the use of resources for event mitigation
• An affordable and easy to implement and use application that addresses corporate governance and regulatory requirements such as Basel II, APRA, ASIC, CLERP 9, and Sarbanes Oxley
• Comprehensive reporting module that facilitates the development of reports at an entity or group level, and the aggregation of information to provide a centralised, enterprise-wide operational risk perspective
• Infrastructure and facilities management services
• Integration of Risk Management process with the Internal Audit and Compliance processes, providing users with an overview of the status of risk assessment and issues and actions
• The addition of Microsoft Reporting Services to provide the flexibility to develop senior Management and Board quality graphs and reports.

Sword’s capabilities may be flexibly tailored to be used across multiple business areas and industry sectors including risk, compliance and project management, in business continuity and disaster recovery planning, and in organisational health and safety.

Sword is delivered through a web browser interface to enable quick and easy access from all parts of an organisation in one or several geographic locations. Sword is a Microsoft based solution which delivers its functionality through familiar interfaces that encourage user buy in.

Since 2005 Sword has been represented in Australia and New Zealand by Phoenix IT & T Consulting which provides first line business and technical support. Second line support is provided by Ci3 in Ireland.

- To learn more download a pdf overview of Sword now

- To learn more download a ppt overview of Sword now

For further information, case studies or product demonstrations please contact Andrew Henderson

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