Tracking Loss Events is an essential task in effective enterprise management. Reduce the occurrence of Loss Events and plan escalation procedures to minimize the extent of Loss.
Loss Management allows Users to define Loss Events, tie them to Business Units, Processes, Issues, Polices, Regulations, Risks and Compliance Maps. Managers approve Loss Events identified, define immediate corrective actions and plan escalation procedures.
All documents relating to Loss Events are stored in a secure built-in repository providing anytime easy access.
Prevent Further Loss
Details of Loss Events can be analyzed to reduce the impact of loss, plan appropriate actions to prevent further loss.