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The roXtra Risks module for early identification and analysis of risks

The software for your risk management

roXtra risk management software

Successful risk management for your company

Recording and aggregation of identified risks.

In addition, you can define individual risk categories, for example for internal risks (e.g. corporate processes, IT & data protection, personnel) or external risks (e.g. environment, politics, law) and assign corresponding risk factors and indicators to these categories. roXtra thus supports you in mapping and fulfilling different regulatory requirements so that you are best prepared for your audit(roXtra Audits).

roXtra offers you a wide range of evaluation options for your risk assessment.

After specifying the factors and indicators, the roXtra module analyzes and calculates the risk priority number (RPN) of your risks, based on your desired assessment dimensions, e.g. probability of occurrence and potential damage.
Clear, interactive graphics allow easy filtering. Thus, you get a quick overview of all critical risks.

You can define the assessment cycle individually for each recorded risk. roXtra automatically reminds you to revaluate after expiry. Of course, you can adapt your assessments to changing conditions and factors at any time. This allows you to always keep an overview of your existing risks throughout their entire life cycle.

Efficiently manage risks and derive, create and link measures.

roXtra can also support you in the continuous controlling of your risks. You have the possibility to monitor your risks via the digitally mapped risk portfolio or the risk matrix. Several filter options are available (e.g. according to your previously individually defined categories, according to departments, according to risk status, trends and much more). In addition, you can conveniently export the clear risk report from the system (e.g. Excel) and integrate it into roXtra documents.

Following the risk analysis, you can define appropriate actions(roXtraActions) and document them directly in the respective risk. By integrating the roXtra Processes module, you can also create individual measure processes and even link them together - for example, if several departments are involved.

Functions and benefits of Risk Management with roXtra

Simple risk capture and risk aggregation

Easy risk capture & aggregation

Assumption of existing risks

Assumption option for existing risks

Individual risk categories

Individual risk categories

Clear risk dashboard

Clear risk dashboard

Qualitative and quantitative risk analysis

Qualitative & quantitative risk analysis

Any evaluation options

Flexible evaluation possibilities

Continuous assessment cycles

Continuous assessment cycles

Clear risk reports and reports

Clear risk reports & reports

Creation, documentation and linking of measures

Create, document & connect Actions

User management with intuitive role concept

User management with intuitive role concept

Our references

Reference logo VITADr. Stangassinger LogoReference logo Wifi ViennaASB Regional Association of Hesse LogoReference Logo Radiometer
Reference logo VITA

More information on the roXtra Risks module

Brochure on the roXtra Risks module

Brochure on the roXtra Risks module


roXtra evaluation scheme

roXtra Evaluation Table


Blog post on risk management

Read blog post on risk management


Flyer for the roXtra Processes module

Flyer for the roXtra Risks module


roXtra Evaluation Table

roXtra Evaluation Table


Recognize hazards – Take actions – Increase safety

What is Risk Management?

The term Risk Management refers to the measurement, analysis, evaluation, monitoring
and control of various company-wide risks. It accompanies the entire risk lifecycle and provides countermeasures or emergency plans for different use cases.

The aim of Risk Management is, firstly, to identify threats, hazards and risks in good time and make them visible. Secondly, it enables you to develop and implement strategies for limiting the risk in the future and, at the same time, for optimizing the benefits and returns. In other words, a kind of "early warning system for companies" is set up, which warns of hazards in good time, while identifying ways to contain and control them and, in addition, outlining opportunities that may arise.

Risk Management is a dynamic process whose components and tasks can be divided into various sub-processes. This is the only way that companies can efficiently prevent the development of potential risks and meet legal requirements for early risk detection. The Management has three central tasks in this process: Identify risks, measure and evaluate risks, and document and report risks.
This can be implemented in seven steps: 1. Identify risks, 2. Assess risks, 3. Develop strategies, 4. Define measures, 5. Implement measures, 6. Check effects, 7. Monitor risks.

Why a risk management tool?

Threats and risks lurk everywhere. Particularly in business life, whether in the automotive industry or in the medical environment, one is exposed to risks in many different areas that can have negative effects. These primarily include economic risks (e.g. the loss of customers and a decline in orders) but also technical risks (e.g. malfunctions or failure of technical equipment of any kind or bottlenecks in logistics).

Also not to be ignored are legal and compliance risks (e.g. faulty and contestable contract formulations, malpractice or insufficient control mechanisms) as well as health risks (from misdiagnosis to medical treatment or malpractice), which in the worst case can result in serious legal disputes and a serious risk to life.

An appropriate Risk Management System – such as the roXtra Risks module – can provide a solution and support you in establishing successful Risk Management.

Why roXtra Risks?

"Unexpected often comes!" – A saying with which everyone is familiar. Life often holds one or two surprises and sometimes everything turns out differently than expected. This is true in private as well as in business life. Very short product lifecycles, changes in customer buying behaviour that are difficult to predict and increasing competitive pressure are just some of the economic challenges that every company has to face.

For this reason, it is helpful and sensible to think about possible risks and hazards in advance. In the business environment, a so-called risk analysis (e.g. using a risk matrix) is not unusual. This allows companies to determine the probability of a risk occurring and which countermeasures should be defined. Thus, a properly Risk Management is enormously important for the existence of a company.

roXtra helps you contain the effort required for your enterprise-wide risk management while meeting regulatory requirements (e.g., ISO 31000, ISO 15224, ISO 9001 and ISO 80001-1) for your audits. The risk management tool helps with identification, qualitative risk analysis, and management of your organization's risks. roXtra records and documents all incidents in compliance with the rules and enables the evaluation of corrective actions. This creates transparency about the entire risk situation and lays the foundation for effective and efficient preventive measures.

The 7 central tasks of risk management to efficiently prevent the development of potential risks

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