Optial Solutions - Product Overview

Optial offers comprehensive Enterprise Risk Management software for automating, completing, reviewing, reporting, and acting on any type of business process including self assessments, compliance audits and risk management methodologies.

Using scalable Internet technology, a flexible framework and a range of deployment options from onsite installations through to secure hosted systems, Optial enables firms implement accountable, continuous and effective risk management procedures across single or multiple organizations on a global scale.

Optial's corporate system provides a comprehensive set of features for managing business processes across organizations using a single, coherent system.  Corporate implementations allow users to:

• Create, complete and manage assessments and processes online
• Perform Risk Control Self Assessment
• Import existing checklist and process-based content
• Replicate corporate organizational structures within the application
• Manage a Loss Database
• Maintain Key Risk Indicators (KRI)
• Track Audits and Findings
• Identify and manage issues
• Create and track action plans
• Allocate and manage responsibilities
• Implement automated follow-up procedures providing forced escalation
• Manage risks using flexible rating methodologies, compliant with national standards
• Report using sophisticated, custom queries
• Customize terminology and system parameters
• Workflow Engine

Additional reporting and analysis is available in the integrated Optial Business Intelligence (OBI) module.

Optial also provides a multi-client system.  It is ideally suited to insurers, consultants, lawyers and regulators.  It allows you to monitor and control operational risk across a network of client organizations.  A multi-client system includes:

• ability for multiple clients to use the same system securely
• sharing of standard content across all clients whilst hiding response data
• simplified intuitive interface allowing users to start work with minimal training