Risk Management Blog | Pirani

What is Pirani?

Written by Natalia Molina | April 14, 2024
Pirani is a valuable risk management software for any company, as it contributes to the organization's success by managing risks at another level and in a simple way. Pirani adapts to the methodology of your organization since it allows you to implement international standards such as ISO 31000, COSO, Basel II and III, ISO 27001, ISO 19600 or specialized standards of countries such as Sagrilaft in Colombia, operational risk control standards in Ecuador and the law of economic crimes in Chile.
 
 In addition, at Pirani, you will be able to carry out complete risk management and perform all the SARO stages of operational risk management, including identification, measurement, control, and monitoring. You will also be able to perform comprehensive risk management since it has different management systems for operational risks, information security, prevention of money laundering, regulatory compliance, and audit management. 
 
There has never been a more straightforward technological solution to manage risks, and it can be the best option for your company. Not only do we say so, but we are also backed by platforms such as G2, where Pirani has obtained 17 badges for excellence in several key areas. From being recognized as a Momentum Leader to obtaining the highest Ease of Use rating in its category, Pirani has consolidated its position as a benchmark in customer satisfaction, market presence, and ease of use. These achievements reflect Pirani's commitment to quality, innovation, user satisfaction, and setting high standards in the industry. Learn more about the awards Pirani received. ←
 

What are the benefits of using Pirani risk management software?  

  • Optimize management times and improve efficiency.
  • Access to a simple, intuitive, and easy-to-use tool.
  • Strengthen the risk culture in the organization.
  • Has the information been updated in real-time and in a single place
  • Report events effectively from your cell phone.
  • Generate and analyze reports to facilitate decision-making. 
  • Facilitate the follow-up or monitoring of the management performed.
  • Reduce human errors.
  • Comply with regulations.
  • And more...
  • y más..

What are the functions that you will be able to enjoy in Pirani? 

All in one place 

We have five management systems: operational risk management, prevention of money laundering, information security, regulatory compliance, and audit management. In these systems, you can perform comprehensive risk management and comply with the country's and international regulations.

Take control of your management. 

You will be able to configure your organization according to your needs and invite your team to participate in creating, administering, and monitoring risks. You will also be able to limit each user's access according to their roles in the organization. With the help of experts in each area, you will be able to create the context and structure of the macro processes and processes that will be the basis of risk management. 

Wait... don't you still use Pirani? 👀

Discover how simple it is to manage your risks with Pirani. Try the new Pirani Free Plan and tell me in the article's comments what you think about its functionalities. 

Identification and context

There are different sections that allow you to perform a complete and efficient identification. For this, you can find the risk section, where, with the help of chat, you can identify the risks according to your industry and assign their impact and frequency. Also, you will be able to identify the causes and consequences of the risks and the risk factors according to the management system. 

Management measurement

You can calculate the risk profile of the processes and the organization based on the identified risks. You will also see the distribution of risks from heat maps that will allow you to prioritize risks and analyze inherent and residual risk profiles by process or at the level of your entire organization.

Control or mitigation 

Controls parameterization, Controls, associate risk, residual risk 
Generate efficient controls in Pirani by parameterizing them according to the organization's needs and context. You can configure the controls' weight, design, execution, and strength ranges. In addition, you can create your own controls with different ratings, associate them with risks and binding records, and evaluate them to measure their effectiveness. 

Monitor management

Stay on top of risk management with Pirani's mobile reporting feature. Report events from anywhere using your cell phone. Generate alerts for suspicious operations and create action plans to correct risk events. Track management through indicators (KRI, KCI, KPI) and create evaluations of all management process records.  

Different plans according to your needs 

In Pirani, you can find four plans that adapt to the needs of the organization's management according to the maturity of the organization. Among the four plans, we have a free version that allows you to test Pirani and perform essential risk management; you will also find the Starter, Basic, and Enterprise plans, where you can enjoy more complete management. See our plans here.