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MasterControl Risk™

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Data Sheet 1 Data Sheet MasterControl Risk™ A consistent approach in assessing and managing risk is crucial to successful quality management. An integrated software solution can help companies identify and mitigate long term systemic risks by tracking and analyzing the recurrence of issues. How Can MasterControl Software Solutions Help You? MasterControl Risk™ is a "one-stop shop" that unifies all risk-related activities and documentation in a single, centralized repository. The MasterControl Risk solution provides a complete and accurate picture of the risk landscape across product lines, business processes, and business units, precluding reputation damage from recalls or regulatory action. These examples demonstrate how MasterControl Risk helps companies efficiently manage consistent risk evaluation and mitigation processes: Challenges MasterControl Solution Disjointed Systems: A lack of standard risk analysis methodologies and assessments results in enterprise- wide waste of time, money, and resources. Integrated System: MasterControl brings together all risk-related documentation in a single location. MasterControl's scheduled reporting and full search capabilities provide insight and easy access into risk assessment and mitigation activities. Inconsistent Risk Assessments: In environments where risk assessments are performed but are not standardized, risk evaluations may vary from one assessor to the next. Whether an appropriate action is taken depends on the particular assessor, meaning that similar issues may end up being treated differently. Standardized Risk Analysis Process: MasterControl insures that a single system is being used to collect and manage risk- related activities. The system guarantees that corporate risk tolerance thresholds are employed and followed for risk-related activities across the enterprise. When used in tandem with MasterControl Process™, standardized risk calculation tools and methodologies can also be implemented. Challenges and Solutions

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