operational risk management solution , basel 2 , solvency 2 , LSF

FrontGRC Risk

In its latest version 4.0, FrontGRC integrates a new FrontGRC Performance solution.

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Join us in Paris on September 29 or in New York on October 5!

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In its latest version 4.0, FrontGRC integrates a new FrontGRC Performance solution.

More
Join us in Paris on September 29 or in New York on October 5!

More

FrontGRC Risk: Identify, evaluate, track and manage risks, including risk factors and risk impact

FrontGRC Risk is a reference solution for operational risk management. It allows compliance with Basel II, Solvency II., LSF, Sarbanes Oxley, CRBF-97-02, and other regulations.

The FrontGRC Risk solution helps to identify and assess risks as well as manage the mechanisms for controlling them creating and monitoring action plans and putting in place risk control factors. Risk is managed via “versioned” and “historized” mapping to guarantee the permanent “auditability” of the information.

This application is fully integrated into the other modules of the FrontGRC suite (audit, internal control, and continuity plans) by sharing the same reference systems and a set of cross-disciplinary functionalities.

Process and Risk Mapping: Modelling of the organisation and activity in process, identification and assessment of the associated operational risks, control elements and action plans.
Combining FrontGRC Risk with FrontGRC Modelling enables complete graphical modelling of the processes with two-way interfacing between the integrated BPM and the reference systems.
Includes a portal module for reporting incidents: Collection and description of incidents, assessment of impact and assessment history, associativity with process and risk mapping, validation workflow, advance search functions.
Management of risk control mechanisms: Definition of how to control risk; directed by the latter, the control element is also assessed according to various suggested methods. The system thus calculates the level of net current risk according to the degree of relevance, effectiveness and completeness of the risk control elements (e.g. permanent controls) and risk mitigation action plans (training, skill assessment, insurance, expert reports…).
Link with the quantification module FrontGRC Quantification: Calculation of Core Capital Allocation: Development of statistical scripts, definition of data sets, implementation of internal models, execution of models and comparison of results. This solution offers an industrialisation process for calculating the optimum amount of core capital to be allocated, and the possibility of accurately auditing this calculation process in order to present it to the regulator.
Reporting: Automation of the production and distribution of reports and indicator tables associated with operational risk management, whether for internal monitoring or the regulator.

Testimonial

Pascal Gagna
Corporate Secretary, PRAGMA CAPITAL
As president of the Users Group, I am a witness to eFront's insight on the new needs of our business and to their responsiveness through the responses provided
Paul Harrison
Head of Financial Systems, Aztec Group
eFront complements our service proposition perfectly; providing bespoke and scalable solutions dedicated to meeting the needs of those who manage complex fund structures
FrontInvest User
OPERS, Ohio PERS
Our former systems for Private Equity and Real Estate investments were based on dated technology. We needed a Web-based, scalable solution
Antti Kiviluoto
IT Manager, CAPMAN
FrontInvest offers many opportunities: thanks to its intuitive user interface, we managed to deploy it very quickly and not to waste our time in training.
Albertinah Kekana
Chief Operating Officer, PIC
FrontInvest will play a central role in increasing our operational efficiency and in securing our internal processes.
Martin Langer
Head of Private Equity Fund Investments, Unicredit
UniCredit Group has set itself high standards – and naturally expects the same from its service providers
Martin Vang Hansen
Senior Vice President, CFO, Vækstfonden
In order to cope with a fast-growing activity, we needed a scalable solution
Michael Robinson
Managing Director, Bedell Fund Services
eFront met all our requirements and we’ve been impressed with their extremely well-qualified staff
Stephen Chung
Director , Lunar Capital
We are keen to continue building upon our capabilities by adopting the best practices and solutions available in the private equity market today.
David Bagley
Head of Financial Operations, SVG Capital
FrontInvest will enable us to capture more information and make it more widely accessible through the business, as well as effectively analyse and present it
Wu Yibing
President, CITIC PE
Our investment teams want to make sure they are managing their PE investment activities with industry-leading IT
Andrew Miller
Director, Asset Management Entreprise Application Services, TIAA-CREF
This professional software solution will improve our internal processes, and enable us to manage the ever increasing complexity of our business
Olivier Lance
Project & Research Manager, STAM Europe
eFront proved to be the only provider capable of offering a solution that helps our real estate investment teams manage their operations more efficiently
Ulrike Engling
PE Fund Manager, AFRICAN ALLIANCE
eFront’s Web-based solution will allow the organization to improve collaborative productivity