Ensuring accurate and quick risk assessment is fundamental whether for a contract or a new supplier, insurance policies or Anti-Money Laundering compliance.
With Neota, risk assessment solutions are tailored to streamline consistent evaluation of risk factors, provide audit trails, and ultimately empower teams to deliver rapid data-driven decisions.
Custom logic can be as complex or simple as a process requires, tailored to different types of assessments, and allows for quick and easy adjustment to risk appetites.
Risk assessment processes are often time-consuming. The need to deliver decisions quickly often conflicts with the need to ensure accuracy and consistency.
Only having risk factors assessed by a small number of experts can mean some risks are overlooked, and others may be given too high a weighting in the overall evaluation.
However, off-the-shelf risk assessment solutions with low flexibility and lack of integration with wider workflows, can often result in minimal, or even negative, value.
Neota risk assessment solutions capture data, drive risk weightings, and deliver comprehensive risk reports.
Users are asked simple questions, and contracts and other data can be uploaded, or automatically ingested from third-party systems to rapidly automate the fact-gathering and risk assessment processes.
Scale the whole team’s expertise by pooling knowledge into one automated tool, enabling you to deliver results with greater confidence and at speed.
