21risk is a comprehensive risk and compliance management platform that helps organizations identify, assess, and mitigate business risks. It provides tools for regulatory compliance, audit management, and risk reporting.
Connect 21risk with CodeWords to automate risk assessments, compliance workflows, and regulatory reporting using AI-driven processes.
Create and update risk assessments. Generate new risk entries in your 21risk system with detailed information about threats, impacts, and likelihood scores, ensuring consistent documentation of organizational risks.
Track compliance requirements. Monitor regulatory obligations and compliance deadlines across different frameworks, triggering alerts and actions when new requirements emerge or existing ones need attention.
Automate audit workflows. Streamline internal and external audit processes by creating tasks, collecting evidence, assigning responsibilities, and tracking audit findings through resolution in your risk management system.
Generate compliance reports. Compile risk and compliance data into formatted reports for stakeholders, regulatory bodies, or board members, ensuring timely delivery of required documentation and analysis.
Assign and track mitigation tasks. Create action items for risk mitigation activities, assign them to responsible parties, and monitor completion status to ensure identified risks are addressed promptly.
Monitor control effectiveness. Track the performance of implemented controls by collecting and analyzing relevant metrics, identifying gaps where controls may not be operating as intended.
Sync with external data sources. Import risk information from security tools, incident management systems, or industry threat feeds to maintain current awareness of emerging risks affecting your organization.
Alert stakeholders of critical risks. Trigger notifications to executives, board members, or compliance officers when high-priority risks are identified or when existing risk ratings change significantly.
Build workflows that collect risk information from various departments through forms or system integrations, automatically creating properly formatted risk assessments in 21risk.
Create systems that monitor upcoming compliance obligations, send reminders to responsible parties, and escalate overdue items to ensure regulatory requirements are met.
Develop workflows that detect security incidents or operational issues from other systems and automatically create corresponding risk entries and mitigation plans in 21risk.
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