Massachusetts-based MEGA, a provider of governance, risk, and compliance solutions, has integrated a mathematical tool to measure risk exposure into its MEGA GRC Suite. It will contain an expanded risk quantification and analytics component based on Bayesian scenario calculation, to produce the complex operational risk models that aid in decision making.
The MEGA GRC Suite includes three business solutions – GRC Risk, GRC Compliance and Control, and GRC Audit, that help corporations solve pressing issues in risk identification and control, compliance, and audit.
The company claims that operational risk managers, corporate executives, and board members will be interested in this progressive addition to the MEGA GRC Suite, as it helps enterprises accurately and swiftly identify and manage risks.
Lucio de Risi, CEO of MEGA, said: “This new capability will provide operational risk managers with more detailed and reliable information about a company’s risk exposure. These improved estimations of potential risks will help executives make better business decisions about corporate priorities, to help reduce the company’s exposure to possible liabilities.”
