We hope you enjoyed the delicious Belgian chocolates. But that's just the start! Request a demo of Pelican, our powerful risk management solution, and receive a Galton Board as a gift, delivered straight to your home.
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Identifying all the operational risks that are faced by an organization, and then assessing their likelihood and potential impact, enables the organization to rank risks and focus mitigation efforts on managing the most important risks. Listing all the control and mitigation efforts, along with who is responsible for ensuring those efforts are implemented and maintained, makes it possible for an internal audit function to check whether the processes are being followed.
A risk register mostly addresses event-driven operational risks like accidents, failures to comply with a law, fraud, errors in business processes, etc. It is unsuitable for assessing commercial risks that threaten the strategic objectives of an organization, like the effects of competition, changes in market size, inflation, supply chain uncertainty, cost overruns, or delays in launching key products. Other analytic tools like ModelRisk and Tamara are used for assessing these risks.
Qualitative risk registers, although common, do not provide the necessary information for effective risk management. Pelican’s risk register is fully quantitative. Risk quantification provides numerous benefits that are not possible with qualitative methods:
VOSE began its journey as a risk analysis consultancy specialising in providing its clients with the best available information for making decisions in the face of uncertainty. Our approach was to find the simplest and clearest analysis that compared the different decision options, using the most defensible data and assumptions, and present them in the clearest possible way to the decision-makers. The software we produce is designed around that philosophy. Whilst we strive to make our software products the best they can possibly be, they are still only tools.
We have been performing risk analyses for over thirty years – using our own tools. We want you to get the maximum value from using our software. When you purchase a license from us you can expect:
We won’t overcharge, hide costs or misrepresent our products
Customers often have some kind of issue with licensing, budgets, or billing. We’ll try to help find a solution
We like to hear how you use our software, and how you think we can improve it
Technical support is our #1 priority. We prioritise taking care of the customers we already have over getting new ones
Our customers benefit from tailored training on risk analysis (not just software familiarisation) or access to advice on how to build a model, describe a risk, present a report – all from seasoned experts