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    Home » COSO

    The Challenge

    All organizations need to set strategy and periodically adjust it, with a consistent awareness of the ever-changing opportunities for creating value as well as the challenges that will arise in pursuit of this value. To do this, they need the best possible framework for optimizing strategy and performance. That’s where enterprise risk management comes into play. Organizations that integrate enterprise risk management across the business can achieve many benefits.

    Committee of Sponsoring Organizations (COSO) is a voluntary private-sector organization. COSO is dedicated to guiding executive management and governance entities toward the establishment of more effective, efficient, and ethical business operations on a global basis. It sponsors and disseminates frameworks based on in-depth research, analysis, and best practices. Its most important framework, entitled Enterprise Risk Management — Integrating with Strategy and Performance, highlights the importance of considering risk in both the strategy-setting process and in driving performance.

    COSO Solution

    SoftExpert offers the most advanced and comprehensive software solution for compliance management that meets the stringent needs of various global regulations. SoftExpert Excellence Suite helps companies adhere to COSO framework while lowering the costs of compliance, maximizing success, increasing productivity and reducing risks.

    The SoftExpert solution offers tools for the complete management of the organization’s risks and controls in compliance with COSO framework. With online collaboration capabilities, the organization and managers can identify and evaluate risks, implement and monitor controls, perform risk and control assessments, involving users, teams, offices and business units with a systematic and unified approach to obtain excellence in risk and control management.

    COSO

    • Risk assessment

      Risk assessment

    • Risk response planning and monitoring

      Risk response planning and monitoring

    • Tests and Control Self-Assessments

      Tests and Control Self-Assessments

    • Risk monitoring portals

      Risk monitoring portals

    • Strategy setting

      Strategy setting

    • Performance management

      Performance management

    Main Benefits

    Increase the range of opportunities

    Identify and manage risk entity-wide

    Increase positive outcomes and reduce negative surprises

    Reduce performance variability

    Improve resource deployment

    Enhance enterprise resilience

    Align risk management with strategy and performance management

    Improve risk, compliance, control, and governance activities

    Facilitate compliance conformity with related regulations, including ISO 31000, ISO 27000, SOX and others

    Brochure / Demo More Information Request a Live Demo

    Know some success stories

    More Resources

    Featured Resources

    White Paper

    A basic framework for internal control

    The benefits of internal control for achieving effective and efficient operational objectives.
    Learn more
    DOWNLOAD

    Ebook

    5 Key Stages to Effective Risk Management Process

    How an effective risk management process can help you on the overall organization’s performance.
    Learn more
    DOWNLOAD

    Webinar

    Risk management for project leaders

    Risk management is a key aspect for projects to succeed and have lasting results.
    Learn more
    Watch now
    More Resources

    See also

    ISO 31000
    SoftExpert Risk
    SoftExpert ERM
    SoftExpert GRC
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