Introduction
The Risk Register in Complyance provides a complete oversight of all the risks in your register, and the dashboard provides the visibility into the status and breakdown of your risks.
If you would like to generate reports for specific types of risks, for example ‘Inherent High Risks’, you can use the Complyance platform to generate custom reports that pulls in all the risks with a high inherent risk score.
How to Create a Report
To create a customized report, navigate to the reports tab on the left-hand side of the navigation tab in Complyance.
Click the ‘+ New Report' button
- This will bring up the window to create a new report
- Name: Fill in the name of the report, for example ‘Inherent High Risks’.
- Type: Select Risks as this is where it will pull the data from.
- Description: Provide any additional information about the report you are generating.
- Click ‘Create’
This will create your report in the reporting tab. You now need to go into the report to apply the desired filters (once you have applied the filters they will stay unless you delete them).
Now that you are happy with your report you can exit the reporting tab and whenever you go back into the report it will continuously update with all the risks tagged to ‘Inherent High Score’ so you can see real time updates.
If you ever want to review your report out of Complyance you can also download the report as a CSV.
Most common board reports
These reports typically focus on high-level insights, trends, and areas for concern to help stakeholders understand risk of the company.
Newly Raised Risks with High/Very High Inherent Score
Filters to apply to create this report:
- Created date: Choose the date within the last quarter
- Inherent Risk: High, Very high
It is crucial to track newly raised high risks because they highlight emerging threats that could significantly affect the organization before any mitigations are applied. This view helps boards act early and allocate resources quickly to address the most severe new risks.
Residual Likelihood Medium & Risks > $1M impact
Filters to apply to create this report: This filter will require you to have created a custom field that specifies the implicated cost of the risk.
- Residual risk: Medium, High & Very high
- Cost implication: >$1M
This report spotlights risks that, even after mitigation, could still have a major financial impact. It enables leaders to keep high-cost exposures under close watch and take action before they escalate.
All Risks > $5M impact
Filters to apply to create this report: This filter will require you to have created a custom field that specifies the implicated cost of the risk.
- Cost implication: >$5M
High-cost risks demand senior attention regardless of likelihood or mitigation status. This report ensures leaders stay aware of any event that could materially affect the organization’s financial health
Inherent High Risks
Filters to apply to create this report:
- Inherent risk: High, Very high
Highlighting risks in their raw, unmitigated form shows where the organization is most exposed. Leaders use this view to prioritize where to invest in controls and resources
Regulatory Implications
Filters to apply to create this report: This filter will require you to have created a custom field that specifies the regulatory implications of the risk.
- Regulatory implication: High
Regulatory risks carry legal, financial, and reputational consequences. Tracking them closely helps leaders ensure compliance and avoid breaches that could damage operations or trust.
Still have questions? Reach out to our support team via the Support Center for assistance.