Investigate the history of any risk or control. Read or attach notes and documents. Review the history of redundant risks. Nothing is lost in Pelican.
Copyright by Vose Software
For the internal auditor
Pelican provides a complete log of all activities, data changes and messaging
Pelican automatically promotes risk issues up the corporate hierarchy
The Pelican risk framework ensures consistency in risk evaluation whilst offering flexibility for the scales of different entities
KPIs, KRIs are fully customizable and track performance over time
Risks can be retired but cannot be deleted
Process, guideline, reporting documents can be attached to any activity
Spreadsheet models, Word documents, PDF files, html links, etc can be attached to any entry to provide explanations, background information and supporting analysis or evidence
Pelican is designed to comply with all current regulatory standards including ISO 31000, COSO ERM framework, BS 31100, OCEG Red Book, and FERMA
For the risk analyst
Use the most powerful risk modelling tools available that can be applied to key corporate spreadsheet models and project schedules, taking information from Pelican’s risk register and feeding back results into Pelican, eliminating the need to track whether risk analysis results are using the most up-to-date information
Upload risk analysis models to Pelican for use by senior management without needing the risk analysis software
Upload template risk models to ensure risks are evaluated consistently
Build bowtie analysis of any level of complexity, inter-connecting risks, and assigning quantitative information
Build and share a library of key risk-based information, like uncertain sales forecasts or exchange rates, estimated risk impacts and times, that can be linked across models
No longer worry about how to aggregate and merge risk models. Pelican automatically controls Monte Carlo simulations to have directly comparable samples
Build risk analysis models in ModelRisk or @RISK. Create an input interface and upload to pelican. The models are then accessible for any authorized user to run new scenarios and access the latest and past simulation results.
Users can compare simulation results between different scenarios, or simulations run at different times. Simulations can be set to run automatically on a schedule, useful if the models are linked to data that change.