PwC US’ Ready Assess - Making assessments visual, interactive, trackable and actionable

Ready Assess is a PwC US product that helps empower clients to think faster and act quicker to stay on top of the ever-changing world of risk. It helps streamline risk assessments into a single platform—making the entire process visual, interactive, trackable and actionable.

With Ready Assess, the end-to-end risk assessment process is consolidated in one place digitally, seamlessly integrating dynamic data sources to create a balanced approach that incorporates both quantitative and qualitative risk inputs. Clients can access results at their convenience and know that their resources are allocated to the right initiatives. Built by a risk-assessment team with over 30 years of real-world experience, it helps improve consistency across the client’s enterprise by ensuring that all assessment questions are organized into a template they control following standardized processes for more dependable scoring throughout their various lines of business.

Ready Assess also eliminates guesswork around previous actions on any assessment. Its searchable audit history provides visibility into who took what actions and why so you have a gapless understanding of decision-making.

Michael Lammie, Partner, PwC US said: “Ready Assess offers a comprehensive view of evolving risks and empowers better compliance decisions. This digital platform centralizes the disparate parts of an assessment with visually-oriented reporting, intuitive data interaction, and tracking of all activities. Our clients get more insight into how financial risk threats connect to each other and back to their business.”

In a recent PwC-sponsored IDC Spotlight, titled ‘The Value of Automating and Orchestrating Risk Management Processes’, analysts state that, ‘Designed to provide more insight into how financial risk threats connect to each other and back to the business, Ready Assess is a PwC product that offers organizations a holistic view of evolving risks and helps empower better compliance decisions. This digital platform centralizes the disparate parts of an assessment with visually oriented reporting, intuitive data interaction, and tracking of an organization’s activities.”
 

Click here to read the IDC Spotlight (file size: 1.3 MB)