And… we are releasing again some awesome new features to simplify your compliance management. We have worked on improving the visibility of risk assessments, including releasing, in preview, an API to integrate with Impero and fetch data programmatically to report in your preferred business intelligence tool, including the corporate world’s preferred, Microsoft PowerBI™.
Easily identify which risks have not been assessed
We know risk and compliance teams can typically manage more than 100 risk assessments. Those risk assessments span from a couple of departments to dozens of subsidiaries all around the world, ranging from assessment of tax risks to risks linked to financial reporting or financial operations.
To simplify the management of those risk assessments, we are now providing an overview of the entities which are carrying out risk assessments and visualizing where they are in the process. Are the risk assessments initiated? Are they concluded? Or do you need to focus your efforts to close the risks assessments in each subsidiary?
Answering these questions and prioritizing your effort is now possible with the new view: global risk managers can see the percentage of completion of given risk directory and drill down to the entity level to see the ones halting back.
In addition, the responsible person for a given entity can also easily filter out the risks which are not marked as concluded and concentrate on the unfinished ones.
Reporting in PowerBI
Powerful features in Impero’s reporting module enable you to build meaningful reports to track the status and quality of control roll-out and to report to management. In addition to this, we understood that many of you would like to create own reports in different business intelligence tools.
This could be to merge the data from Impero with other data sources or due to company policies mandating the use of specific business intelligence tools. Additionally, most of the customers we talk to use Microsoft PowerBI as their company’s preferred reporting tool.
To meet this need, you can now integrate with Impero and fetch data programmatically for you to report in your preferred business intelligence tool. On top of that we have created a data model template specifically for Microsoft PowerBI™ to ease the integration and diminish your dependence on your IT department.
This means that you can create your own dashboards in Microsoft PowerBi and automatically refresh with live data via the Impero API. While this opens a lot of possibilities, we still encourage you to use the very flexible reporting possibilities that come out-of-the-box within Impero.
Disclaimer: The Reporting API is in preview and as such offered as-is and without any warranty. During the preview period, the API can be used free of charge. Please get in touch with Impero’s support team if you want to know more about the API.
Improved working with groups
Many of you have teams of people – a department or a shared service center – to perform controls. This is the reason you can assign controls or control reviews to predefined user groups.
With this release we are improving the way you work with groups. We have improved both the communication flow and the reporting. When a group member has performed a control or a review, we will now redirect all the notifications to this person and not to the entire group to avoid over-communication.
Sometimes, even if you have assigned a control to a group, you have selected a primary responsible, what we call the default claimant.
You can now create reports focused on the default claimant within user groups, to keep track of their workload and performance.
In the coming months keep an eye out for more on interoperability: Allowing data extraction through APIs and reporting in PowerBI is only the starting point.
We know that, while you use Impero to orchestrate and operationalize your risk and compliance programme, some compliance processes run across other systems. We want to smooth out end-to-end compliance processes across different enterprise systems, for example allowing the automatic integration of external data into Impero as it is the case with account balances from ERP to be reviewed as part of a reconciliation control.
As usual we will also incrementally improve the rest of Impero. Stay tuned for more over the coming quarters!
Tip of the month
Did you know that you can change view on your control programme and see the structure of your control environment across different dimensions?
This will help you assess and prove the completeness of your control programme, for example, by visualizing which controls are tagged as Key Controls or what business unit is assigned to which control.
Click on the list icon on your Control Programme landing page to access this view.