Optial SmartStart

StatConsulting offers a powerful Operational Risk and GRC (Governance, Risk and Compliance) software platform for managing key business assurance activities – more efficiently and more effectively and generates dramatic cost reductions. Using Optial provides transparency and confidence in the management of corporate risks across single or multiple organisations on a global scale.

Optial SmartStart gives firms the ability to:

  • make more informed business decisions,
  • improve performance through better quality data,
  • gain greater flexibility to meet future expansion,
  • deliver integrated risk and compliance focus in a single, unified, scalable and adaptable solution,
  • improve accountability and visibility through workflow engine, audit trail and powerful real time reporting,
  • reduce costs and manual overheads.

Optial SmartStart ModulesOptial SmartStart Modules

The Optial SmartStart solution provides a cost effective, robust platform that is ready to meet a range of data capture and future regulatory requirements, right out of the box. The solution reduces the overhead of manual data collection and provides a consolidated view of risk and compliance across the organisation.

By using this standardised pre-configured solution, companies are able to take advantage of industry best practice, with the added benefit of having a system live and running in a matter of a few weeks.

The functional scope of Optial SmartStart covers the management of operational risk and governance, risk and compliance using a series of workflow-enabled modules:

  • Incidents for Loss Events and any other type of events (Security, IT, Health and Safety, Customer Complaints),
  • Risk for Risk Registers, Risk Control Self Assessment and KRIs,
  • Compliance for Controls and Control Monitoring and Policy Distribution,
  • Audit for Audit Management, recording and reporting on findings and Actions,
  • Business Continuity Management,
  • Integrated Advanced Reporting and Analytics (powered by Optial Business Intelligence),
  • KPIs and Performance Management,
  • Integration of external loss and other risk related data for consolidated reporting.