EY and ServiceNow enhance and extend the enterprise risk management capabilities of an organization with IRM+. It is both an approach and a suite of tools that empowers the business to adopt the Integrated Risk Management principles and drive a proactive, value-oriented approach. The technology architecture of IRM+ enables a mature risk management methodology that helps unify and analyze the organization’s risks and operating structure.

Results/Outcomes:

- Connected ecosystem for transformative change: Cohesive data model and modern API layer help build a connected foundation to integrate risks and control processes across an organization.
- Enhanced speed and efficiency with automation: Orchestrate and augment your organization’s traditional IRM approaches with advanced workflow automation.
- Better decision-making with dynamic insights: Quickly deploy & scale digital processes to operationalize data, unite capabilities, and create greater business-wide value.

Modules and Features:

- Process, Risk and Control management
- Third Party Risk Management
- Privacy
- Regulatory Interactions
- Operational Risk and Loss Forecasting
- BCM and Vulnerability
- InfoSec
- EY’s Control Testing and Monitoring module
- EY’s Trigger based Risk Assessment
- EY’s Regulatory Change Management

Technical Features:

- ServiceNow’s Common data model and EY’s Nexus for risk PPRC insights and connectivity with other enterprise tools
- EY’s Nexus for Risk Reporting hub connected to ServiceNow Common data model
- EY’s Proprietary NLP and ML algorithms for insights