Enterprise Risk Management (ERM) is a structured approach to identifying, assessing, and managing risks across an organization. Unlike traditional risk management, which often focuses on individual risks within specific departments, ERM takes a holistic view – connecting strategic, financial, operational, and compliance risks to business objectives.
The purpose of ERM is to create a consistent, organization-wide framework that enables informed decision-making, protects value, and strengthens resilience. By integrating risk management into planning and daily operations, organizations can better anticipate challenges and respond effectively.
ERM benefits organizations of all sizes and industries, particularly those operating in regulated sectors such as finance, healthcare, energy, and manufacturing. Publicly listed companies and enterprises with complex operations often have an explicit obligation to implement ERM frameworks as part of their corporate governance practices.
However, even smaller organizations can benefit from adopting an ERM approach. By centralizing risk management, businesses can improve transparency, strengthen internal controls, and enhance resilience in the face of uncertainty or change.
Impero supports many of the operational components essential to effective enterprise risk management. These include:
Through these features, Impero helps organizations operationalize key aspects of ERM and build a more connected, auditable risk environment.
Impero provides structure and visibility across your internal control landscape, giving you the tools to manage operational and compliance risks with confidence. With Impero, you can:
By digitizing the risk and control process, Impero strengthens the foundation of enterprise risk management and supports organizations in achieving both compliance and strategic resilience.
An effective ERM program starts with clear visibility and strong internal controls. Impero helps you achieve both by connecting your risk management activities to daily operations.
Get started with Impero today and take the first step toward a more transparent, well-governed enterprise.
Explore other terms, concepts and legislation in the Governance, Risk and Compliance (GRC) to help you simplify your risk management & internal controls.
ICF is a structured system that provides a set of principles and processes that help safeguard assets, ensure accurate financial reporting, improve operational efficiency, and maintain compliance with regulatory requirements.
The Senior Accounting Officer (SAO) regime is a compliance requirement introduced by HM Revenue & Customs (HMRC) in the United Kingdom. It obliges large companies to appoint a senior officer, usually the Chief Financial Officer or equivalent, who is personally responsible for ensuring that the company has appropriate tax accounting arrangements in place.
International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB). They provide principles and guidance for preparing financial statements that are consistent, transparent, and comparable across international borders.
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