The KRI Monitoring Service allows a business entity to focus on a group of KRIs for monitoring, drawn from the KRI Library or expressly created by the subscriber, and then assigns each KRI to a nominated individual(s) for tracking and reporting purposes. Upon the occurrence of a subsequent threshold breach or escalation trigger event, notifications are forwarded to designated individuals within the firm.

In addition to providing a escalation network, with defined trigger criteria, the tool also facilitates the orderly collection of KRI data, by providing a convenient and efficient platform for their centralisation.

Key Features of the KRI Monitoring Service:

• Responsibility for indicator tracking assigned to designated individuals;
• Multiple customisable thresholds, trend alerts and escalation triggers available;
• Indicator values may be entered directly, uploaded, or imported from external sources;
• Real-time assessment against thresholds, alerts and triggers with automated notification;
• Allows aggregation of indicator data across the organisation;
• Comprehensive reporting;
• Available independent of the KRI Library.

For more information on the KRI Monitoring Service, please click [here], or email us on info@riskbusiness.com.