Managing risks and providing assurance that the process is working is a key requirement for any organisation, as is having an effective and efficient software solution to facilitate and manage the process.

With Magique you can run the risk management process efficiently and ensure stakeholders are able to participate fully in the process. The intuitive web-based interface enables users to update and review their risk and control position and take immediate action.

Magique is configured to match the exact needs of each organisation to help them meet their legal, regulatory and business requirements, while at the same time setting a framework in which to meet business objectives. A systematic approach to risk recording, evaluation and ownership, means that current and potential issues are identified and prioritised at the earliest opportunity. Appropriate mitigating actions can then be initiated to address the immediate issue as well as reducing the likelihood of recurrence of similar issues.

The integrated Galileo audit management system provides comprehensive risk-based auditing functionality. This ensures audit work is planned to cover both high risk areas, and areas where the business requires assurance that controls are working effectively. This risk based approach optimises the effectiveness of the audit department, confirms or rejects assumptions and provides feedback on the accuracy of risk assessment and management procedures.

We can provide advice on strategies, frameworks, approach and best practice to help you implement a practical and effective solution to your risk and assurance requirements.

For outsourced solutions we use Magique and Galileo ourselves, thereby giving our clients all the benefits of the software without having to purchase the software.

With the right strategy, people and system in place, you will be able to manage risks effectively, optimise the benefits and achieve the business objectives.