LOSS EVENT MANAGEMENT
A COMPREHENSIVE SOLUTION FOR LOSS EVENT MANAGEMENT
The entire loss event lifecycle in one place
- Manage the entire loss event lifecycle from one place
- Automate the overview of loss events and improve loss reporting and measurement
- Simplify the management and reporting of actions and remediation for each loss event
What is a loss event?
Challenges organisations face in managing loss events
Incomplete overview and partial solutions
Loss events happen everywhere. Without an overview, we may wrongly believe they are isolated cases.
Data scattered across spreadsheets and users
Loss event data is often kept in various spreadsheets, which has several drawbacks. In the worst case, it can be lost completely and for good.
Loss of time and resources
Data spread across different forms and spreadsheets also means a great deal of time lost on data entry, analysis and reporting – time that could be spent more usefully.
Lack of awareness and accountability
Loss events are often handled by individuals, which reduces their impact and awareness of their importance.
Poor integration into business processes
Loss events signal that something is going wrong. If we fail to notice and act, a bigger risk may materialise, causing significant material, business and other damage.
Hidden costs
Every loss event also has a financial impact, usually negative, which causes hidden costs if we do not quantify them.
If you don't recognise a risk, you can't respond to it.
Why choose SBR Loss Event Management?
SBR Loss Event Management is a tool that gives your organisation a complete overview of the loss event lifecycle, enables you to take action on time, and makes all analysis and reporting remarkably simple.
Entry
Record and manage all loss events from one place, compare them and track the actions taken.
Actions
Record how events unfold and make more considered decisions with deeper insight.
Analysis
Analytical functions let you prepare and export reports for different time periods and by various criteria.
Reporting
Automatic reminders flag upcoming deadlines, and assigning responsibilities strengthens organisational culture.
Reduce the negative impact of loss events and drive processes that lead to improvement.
Benefits and improvements for your organisation
Respond quickly and appropriately
Not every action taken is necessarily effective. A systematic overview of loss events reveals opportunities for improvement and risks you may not have been aware of – and have therefore not yet addressed.
Track financial and other impacts
By tracking the impact of loss events as they happen, you can more easily justify protection or prevention costs to management and claim the reimbursements you are entitled to.
Find the root causes
The root cause of a loss event is often hidden from view. Once you identify it, it is easier to prevent it from recurring or escalating.
Build your own knowledge base
With historical data at hand, it is easier to propose appropriate actions and assess their effectiveness.
Ensure compliance with requirements and regulations
The tool follows all current regulations, allowing you to bring information to a common denominator and ensure legal compliance.
Systematically collect and store evidence
An overview of the entire loss event lifecycle helps you establish accountability and gather evidence that supports the successful resolution of the case.
Application features
Loss event reporting
Action management
Loss event catalogue
Loss event analysis
Automatic reminders
User management
