CCH has upgraded its CCH Sword enterprise risk management system with improvements to the risk and control assessment module.

The module now enables an organization that has varying risk assessment programs — such as operational risk, IT risk, compliance, audit and more — to carry out some or all of the assessments in one process, reducing the time and effort required by the business assessors.

CCH Sword’s risk and control assessment tool helps companies visualize risks, analyze trends and predict loss outcomes. The assessor can view details of events relevant to their risk and control environment, including recent tests, recent incidents, recent audit findings and relevant indicators.

Other additions in the new version of the software include enhancements to the control-testing and incident-recording tools and the addition of a risk manager’s workbench that shows the status of risks, incidents, issues and control tests for each business unit.

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