Helping Companies Identify and Mitigate Risk
In today’s complex technological world, businesses are forced to prioritize risk reduction procedures to ensure that they mitigate external and internal risk exposure. Businesses can manage risk in many different ways, but one of the first steps is to identify the risks. Once those risks are identified, Texo puts automated processes in place that trigger actions based on modeled risk management processes. This allows you to focus on what you do rather than worry about what could happen.
Texo Scenario: Security Audit Report
With more and more software systems going into place, it is becoming difficult to know what access a user has to different software systems within an organization. It is even more difficult to monitor security access for organizations with a mixed environment of cloud based software systems and on-premise software systems. With Texo, administrators can run a single process that will produce a security access report within Texo showing the security access for a given user. The report can be customized per your organizations requirements.
Texo Scenario: Retailer
Retail stores of all sizes are vulnerable to risks associated with potential inventory loss due to an increase in crime surrounding a store location. Using Texo, we can build a process that alerts a retail store’s corporate headquarters that the crime rate in that store’s neighborhood has increased. This forewarning allows the retailer to take appropriate actions to secure the store. The alert can also trigger other processes like sending a message to the store management team to make them aware of the rise in local crime.
Texo Scenario: Internet Business
Companies that sell products online are especially vulnerable to price competition. Without notice, a competitor can lower their prices on key goods and steal market share. Texo can create a process to focus in on key competitors’ sites, monitoring price changes and buying behavior. This data can be aggregated for monthly analysis and trend reporting and uploaded to Texo’s built-in document repository for sharing purposes. Texo can also be extended to upload documents to SharePoint, Liferay or any other document repository solutions.