The complete functionality of CERRIX has been a reason for some of our bank customers to use CERRIX. Our specific knowledge of the Basel II / III and other supervisory requirements make CERRIX extremely suitable for banks. A few Risk & Control frameworks are supplied as standard.
A new mortgage bank is being set up based on a different business model than the existing one. The entire device is set up from scratch.
CERRIX is used for the elaboration of the High Level Process Designs that are a visual representation of future work processes. This is combined with the Risks, (Framework) Controls and Key Risk Indicators. This greenfield was able to build everything from the ground up and the approach helped very well with the design of the business processes.
A large number of pension funds and pension providers already use CERRIX. We have standard process models, dashboards and Risk Control Frameworks available.
A large pension provider wants to replace different systems with one integrated GRC application. The Audit, Compliance and Risk staff departments will jointly make use of one information system. This creates more uniformity in the use of the Risk Universe (organizational structure, business processes, services, etc.) and follow-up management of actions that have been set out. A great deal of efficiency can be achieved in the alignment between 1st, 2nd and 3rd line because the application optimizes their collaboration.
The ISAE3402 and COS3000 reports can be traced directly from the application.
The AVG can be supported by reporting data breaches, maintaining a processing register and turning off PIAs.
Municipalities, semi-government institutions but also central government work on programs to improve the risk management process. Various control frameworks can help to standardize the control framework more.