âBusiness staff these days are often overloaded with risk and control assessments and questionnaires. While these assessments are important, they should be coordinated and streamlined,â said Richard Pike, Product Director of CCH Sword. âOur clients asked us to provide them with a tool that enables this streamlining so that the efficiency of risk and control assessments is enhanced without limiting their effectiveness. Our world-class risk and control assessment IT platform greatly enhances our clientsâ data collection and reporting systems, and also enables them to limit the business interruption caused by risk and compliance programs.â
CCH Swordâs powerful risk and control assessment tool helps companies visualize risks, analyze trends and predict loss outcomes. The assessor is provided with details of events relevant to their risk and control environment including recent tests, recent incidents, recent audit findings and relevant indicators.
Other additions in this new version include enhancements to the control testing and incident recording tools and the addition of a risk managerâs workbench that shows the status of risks, incidents, issues and control tests for each business unit.