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Product Overview
ERM 365 is a cloud-based enterprise risk monitoring solution designed to help institutions
continuously monitor risk and compliance 365 days a year. With ERM
365, you will never need to look at another spreadsheet to monitor the health
of your institution. ERM 365 will automatically alert staff of areas out
of compliance, and facilitate testing to ensure controls are in place to reduce
risk. The board and senior management will be able quickly to view the current status
at any time through ERM 365’s Risk Monitor.
The Story - ERM 365 in Action
How does it work?
Ever hear the term “set it and forget it?” That’s the premise behind ERM 365. To
start monitoring with ERM 365 all you need to do is follow these three simple steps:
1. Add names and email addresses for employees
2. Select rules from library or create your own
3. Assign rules to employees and click send
Once rules are assigned ERM 365 does the rest, sending out emails to gather current status, notifying key personnel of potential problems, and monitoring the health of your institution 24 hours a day, 365 days a year.
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Risk Monitor
 Does your
board and senior management team struggle to see the big picture of what’s going
on across the organization without getting bogged down with details? Are you tired
of word documents and spreadsheets that don’t provide the results you need?
ERM 365’s Risk Monitor provides employees the ability to monitor risk or compliance
related rules through an easy-to-use color coded interface.
The Risk Monitor can provide a high level view for the board, or a more detailed
view for individuals. Results can be displayed by rules, rule sets, employee, department,
risk category, control, or finding. The risk monitor also compares results against
prior timeframes so you can quickly determine if conditions are improving or worsening.
Additionally, ERM 365 can monitor any type of findings whether they come from regulatory
exams, external or internal risk assessments, and audits giving you one centralized
location to manage your entire institution.
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Rule Library
ERM 365’s rule library comes standard with over 20 rule sets containing 300+ rules.
The rule sets cover areas of governance, risk management, and compliance addressing
all safety and soundness concerns. But that doesn’t mean you’re stuck with what
we give you. Your staff has the ability to create their own custom rules and rule
sets depending on what they need to monitor. Additionally, our staff is available
to create custom rules and rules sets for your institution as needed. This service
is included as part of your annual subscription fees. And as new rule sets come
on line you will receive a notification indicating they are available for you to
use.
Current rule sets include:
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• Capital Adequacy
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• AML/BSA
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• Credit Card Activities
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• Asset Quality
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• Information Technology
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• Related Organization
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• Management
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• E-Banking
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• Electronic Funds
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• Earnings
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• Securities
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• International Banking
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• Liquidity
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• Other Assets
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• Non-Deposit Insurance
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• Market Sensitivity
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• Mortgage Banking
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• Trust
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• Retail Insurance
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• Securitization
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• Bank Security
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• Vendor Management
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• Information Technology
Change Management
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Alerts & Notifications
We can bet good money the way you monitor risk and compliance functions today is
done manually using spreadsheets, word documents or checklists. The only problem
is those solutions do not automatically notify you when a problem arises. With ERM
365, anytime someone is out of compliance with a rule and the residual risk is high,
email alerts and notifications automatically get sent out so action can be taken.
Alerts can then be dismissed or passed along to the repair toolkits so corrective
action can be taken.
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Repair Toolkits
Everyone hates problems right? Translation = more work! With the repair toolkits
you will quickly be able to put solutions in place to correct problems and prevent
them from reoccurring. Once a solution has been developed, ERM 365 will also test
the supporting controls and make sure the solution is operationally effective.
Now let’s talk about compliance. If you’re like most institutions, the compliance
burden continues to grow, draining resources and adding costs to your bottom line.
That’s why ERM 365 provides access to an optional compliance toolkit. With the click
of a button anyone in your institution can have access to compliance resources and
industry experts. Your staff will have unlimited access to our compliance knowledge
base, ask the expert, compliance manual, expert developed policy manual containing
over 50 policies, compliance calendar, newsletters, and webinars on regulatory and
compliance topics.
Additionally, your staff can submit compliance related questions, advertisements,
and policies to be reviewed or created by our compliance experts. The compliance
toolkit will also keep you abreast of the latest regulatory requirements and provides
analysis on the way to incorporate those changes into your institution.
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Support
Customer support is the foundation of our business and will always remain our number
one priority. We want to be your technology partner not just another provider. From
the time you sign a contract with us, your institution will be assigned a dedicated
implementation team consisting of regulatory and compliance experts along with a
product specialist. Their goal is to lighten your work load and serve you in any
way they can.
Our support services include:
• Unlimited support & training for everyone within the institution
• Dedicated implementation team to get your program up and running
• Software customization based on how your institution works
• Ongoing monitoring of your program to ensure goals are being met
• 24x7 ask the expert
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