Risk Management Software
Gain a clear, consolidated view of your organization’s risk through identification, evaluation, mitigation and continuous monitoring
Make it easy for your team to spot risk trends and resolve them proactively
Maintain a centralized repository of identified risks at the project, department, or company level with CQ Risk Management Software. Drive strategic decisions on potential threats with the solution that is aligned with the latest standards (ISO 31000, ISO 14971, ICH Q9 and risk principles in ISO 9001:2015, ISO 13485:2016, ISO 45001 and ISO 14001) to help accelerate assessments, identify and analyze risk trends and drive risk mitigation activities. Identify the right approaches that contributes to process efficiency, improved risk management and internal controls with our risk framework.
The CQ Risk Management Software offers unique AI and analytics capabilities to spot potential risks based on history and trending data along with key metrics. With embedded intelligence, Quality and risk management leaders can proactively start their risk mitigation efforts before it becomes a major challenge.
Go from Reactive to Proactive Risk Mitigation
The CQ Risk Management Solution provides a complete and accurate picture of the risk landscape. Stakeholders can easily prioritize and collaborate on risk mitigation efforts helping to make the best strategic decisions to offset new risks and improve operations. Risk assessments can be launched from anywhere within the ComplianceQuest platform to analyze hazards associated with any process or activity such as Audits, CAPAs, Change, Customer Complaints, Deviations, Nonconformances, Safety analysis and Environmental impact.
Solve Future Problems with Risk Intelligence
With CQ Risk Management, you can easily define risk tolerance thresholds and policies and when met, automatically initiate a risk assessment. Spot patterns and gather insights from quality data across the enterprise taking advantage of Einstein Analytics to identify risks related to business, quality, and operations in a unified manner. Enable access to historical data on past risk factors using the risk register to identify and capture trends. Prioritize risk trends and address the highest risks to prevent future events leveraging the assessment and evaluation capabilities of CQ Risk Management.
Improve Collaboration and Efficiency
There are many risk types with varying degrees of criticality. To be able to manage them well and ensure the highest risks are addressed on priority, it is important to evaluate them and define metrics for real-time insights. Moreover, having separate risk matrices makes it easy for collaboration and teamwork. CQ Risk Management enables this by ensuring effective utilization of resources in a timely manner. While some quality and safety risks require a combined effort for mitigation, others may have to be tackled by specific quality or safety teams. CQ Risk Management is easy, flexible, and integrated to drive activities that protect and enhance your organization’s value – a critical requirement in today’s context.
Serves as a single source of truth in real-time
Risk register, risk-related data visualization, and up-to-date documentation are important to get real-time insight into the overall health and effectiveness of your risk and compliance. CQ Risk Management ensures that the management team has a finger on the pulse of all quality and safety-related risks anytime, anywhere. The solution is designed to provide management with oversight into key risks, risk trends, root cause, corrective and preventive action plans, and future potential of incidents for suitable strategies for risk mitigation.
Embed risk-based thinking across quality processes
Establishing a risk-aware culture can go a long way in mitigating risks across your entire quality, safety and environmental ecosystem. A key requirement for mitigating risk in an organization is employee participation in reporting incidents as well as near misses. CQ Risk Management makes it easy for employees to be proactive by enabling them to report anonymously, upload pictures and even file reports offline, which are later synchronized when there is network availability.
Automate your entire enterprise risk management in a single platform
Regulatory bodies, such as FDA, are aligned with the business goal of delivering sustainable growth. Their efforts stress a risk-based approach to compliance to minimize damage, protect business assets and resources. To support this all-encompassing initiative, CQ Risk Management is an integral part of the full CQ EQMS and EHS suites and integrated with all key modules.
Support Your Entire Organization
Provide risk oversight across the enterprise for effective decision-making
Ensure improved scoring and proper mitigation of residual risks
Achieve timely product launches while ensuring compliance by mitigating risks in every phase of a product’s lifecycle
Ensure compliance with regulatory requirements through risk mitigation and assessment of effectiveness
“The implementation team has met all my expectations. The CQ product ‘out of the box’ meets majority of my requirements. With some minor configurations we have developed QMS workflows that are highly efficient and robust. A risk-based validation plan also allowed us to move quickly through the foundational functions; Controlled Documents, Change Order, and Personnel.”
Key Features of CQ Risk Management Solution
Access all risk-related documentation in a single location and configure multiple risk types for evaluating different categories of operational risk
Risk Assessment and Analysis
Define operational risk tolerance thresholds and policies for risk assessment and analysis
Encourage employee participation in risk mitigation activities using electronic workflows and signatures for all risk activities and documentation
Monitor mitigated risk to ensure their effectiveness
Simplify the application of resources in the most risk-prone areas and ensure that organizational risk tolerance is not exceeded
Reach out to others across the enterprise and in the supply chain to solicit feedback without having to give up on the ownership of the tasks.
Access your Risk Management Solution on the go anywhere, anytime and on any device
Reporting and Analytics
Utilize pre-developed best practices-based reports and create any number of additional reports and dashboards to suit your requirement
Social Like and Follow
Like and follow relevant records in the system and be notified via email, dashboard, and mobile to stay abreast of developments