Risk Management Software

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 and EHS data across the enterprise taking advantage of Advanced Analytics to identify risks related to business, quality, EHS 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.

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 EHS 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.

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.

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.

Regulatory bodies, such as FDA, OSHA are aligned with the business goal of risk mitigation and 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.