Massive risk updates as an efficient solution

In an environment where risks are constantly changing, keeping information up-to-date in management systems is key to timely and effective decision-making. With the mass risk update functionality, organizations can achieve operational efficiency and greater accuracy in their management processes.

What Do We Solve with Mass Risk Update?

The mass risk update allows multiple risk records to be modified simultaneously through a bulk upload file. The only mandatory field is the referenceCode, which must match the existing records in the system. This ensures that modifications are applied exactly to the correct risks.

Only the fields that need to be updated should be included in the file. Unmodified fields can be left blank or omitted, which significantly simplifies the process and reduces the margin of error.

Once uploaded, the risks are automatically updated in the system, with no additional action required from the user.

Benefits for Your Company

• Time and Resource Savings
  Manually updating dozens or hundreds of risks can be a tedious and error-prone process. With mass upload, you can accomplish in minutes what used to take hours.
• Reduction of Operational Errors
  By working with existing records through unique codes (referenceCode), the risks of overwriting or altering incorrect information are minimized.
• Increased Agility in Risk Management
  This functionality allows organizations to quickly adapt to changes in their environment or risk matrix, always keeping critical information up to date.
• Flexibility and Control
  Only the fields you choose to modify are updated. The rest of the information remains intact, providing greater control over the data being managed.
• Continuous Improvement
  Having accurate and up-to-date information promotes the generation of more reliable reports, which in turn strengthens strategic decision-making and fosters a risk management culture within the organization. 

Operational Advantages of This Functionality

• Simultaneous Upload of Multiple Risks
  Speeds up processes and eliminates repetitive tasks.
• Field-by-Field Editing, Selectively
  Total flexibility to modify only what is necessary.
• Based on Unique Identifiers (referenceCode)
  Accuracy is guaranteed by avoiding assignment errors.
• Compatible with Flat Files (such as Excel)
  No specialized technical knowledge is required.
• Automatic Visualization After Upload
  Risks are updated instantly, with no additional steps required.

What Does This Functionality Contribute to the Risk Management Strategy?

A good technological tool not only automates tasks but also enables proactive and strategic risk management. The mass update functionality becomes an ally in maintaining traceability, consistency, and speed in risk management across all areas of the organization.

Implementing such functionalities drives the maturity of the risk management system, ensures that data remains aligned with the business reality, and helps respond more effectively to events that could impact corporate objectives.

How to Visualize the Mass Risk Update?

Once the file with the relevant changes has been uploaded, the risks will be automatically updated in the system. No additional action is required for the changes to be reflected.

Are You Already Using the Mass Risk Update?

Discover here how to upload risks in bulk with the new update in our Help Center modules.

Try it now!

Don't have the Starter plan? Schedule a demo with our sales team!