Use Case · XGRC® ERM

Enterprise risk management embedded in governance — not tracked in spreadsheets.

XGRC® provides a central ERM platform aligned to ISO 31000, COSO, and King V. Define your risk framework, identify and assess risks across all categories, link every risk to controls and audit findings, and report to the board with real-time visibility.

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The problem

Fragmented risk management creates blind spots across the organisation.

When risk registers live in spreadsheets and scoring is inconsistent across teams, leadership cannot see the true risk exposure of the organisation.

Fragmented risk registers across business units

Inconsistent scoring methodology and risk appetite definitions

Limited visibility of risk exposure for leadership

Poor linkage between risks, controls, and audit findings

The XGRC® approach

A structured, repeatable risk management process.

01

Define risk management framework and governance structure

02

Identify risks across strategic, operational, financial and compliance dimensions

03

Assess likelihood and impact using a consistent scoring model

04

Define and assign risk treatment plans with clear ownership

05

Monitor risk indicators and escalate critical exposures

06

Report risk status to management and the board

How it works

Built for risk owners. Visible to leadership.

  • Central risk register with consistent taxonomy
  • Configurable scoring models and risk appetite thresholds
  • Risk appetite and tolerance tracking
  • Integration with controls, audits, and compliance obligations
  • Real-time dashboards and board-ready reporting

One connected view of risk

XGRC® centralises the risk register, links risks to controls and internal audits, and provides real-time dashboards for leadership. Risk owners get structured workflows and action tracking. The board gets complete visibility without waiting for manual reports.

From manual to XGRC®

The same risk process, without the manual overhead.

Manual approach
  • Spreadsheet-based risk tracking
  • Inconsistent scoring across departments
  • Manual, periodic reporting
  • No linkage to controls or audit
XGRC® approach
  • Structured, centralised risk register
  • Consistent framework and scoring model
  • Real-time dashboards and automated reporting
  • Risks linked to controls, audits, and compliance
Free resource

Enterprise Risk Management Checklist (ISO 31000 / COSO aligned)

  • Governance & risk framework
  • Risk identification across all categories
  • Risk assessment and scoring
  • Risk treatment and action tracking
  • Monitoring, escalation and review
  • Reporting, integration and continuous improvement
PDF · ISO 31000 / COSO aligned · v1.0
Standards and frameworks

Manage risk against the frameworks that matter.

  • ISO 31000
  • COSO ERM
  • King V
Scope of application

One platform across every risk category.

  • Strategic risk
  • Operational risk
  • Financial risk
  • Compliance risk
Related

Explore the connected platform.

Solution

Enterprise Risk Management

Enterprise Risk Intelligence

Explore Enterprise Risk Management → Use Case

Risk Management

XGRC® is risk management software that lets organisations identify, assess and manage risks in a structured, consistent way. It connects risks to controls, actions and assurance activities on a single platform, giving clear visibility of risk exposure across the organisation.

View use case → Use Case

Integrated Assurance

XGRC® coordinates internal audit and combined assurance across your organisation, linking every finding to the risk it relates to and the controls meant to manage it. Every line of defence works from the same assurance map.

View use case → ISO Readiness

ISO 31000 Risk Management

ISO 31000 is a guideline for managing risk, not a certifiable management system — there is no audit to pass. XGRC® helps organisations adopt and embed the ISO 31000 risk management process, from establishing context through risk assessment, treatment, and ongoing monitoring and review.

View use case →
Frequently asked

Common questions.

What is enterprise risk management (ERM) software?

ERM software gives leadership a single, board-ready view of risk exposure across the whole organisation, aligned to a defined framework such as ISO 31000, COSO or King V, rather than risk being managed inconsistently by department.

How does XGRC® support King V governance requirements?

XGRC® aligns risk identification, assessment and reporting to King V governance principles, giving the board visibility of risk appetite, exposure and treatment status in the format governance committees expect.

What is the difference between this and the Risk Management use case?

Risk Management covers day-to-day operational risk identification and control at team level. Enterprise Risk Management adds the governance layer on top — a defined risk framework, board reporting and escalation across strategic, operational, financial and compliance categories.

Can XGRC® link risks to audit findings automatically?

Yes. Every risk can be linked to its controls and to related audit findings, so a control weakness identified in audit automatically informs the residual risk score for the risk it relates to.

See how XGRC® enables structured enterprise risk management.

Book a demo to see how XGRC® enables structured ERM — from risk identification and assessment through to board-level reporting.

Book a demo