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GRC solutions

Schematic diamond model of red flare modules - governance, risk, compliance, audit, hr, proper persons, GDPR, portfolio, strategy, task

red flare • governance

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Successful governance is achieved by the right people in the right roles working towards a clear purpose in a constructive manner.




Our governance module records your governing bodies decisions in a clear manner, allowing follow-up tasks to be assigned and progress monitored.
Ensure you have the right balance and mix of skills and capabilities across critical committees by recording skills, training and experience of each person.

Senior business woman during a staff meeting
DEFINE YOUR
GOVERNANCE STRUCTURE
Easily create your register of directors and committee members and set up your interactive organisational chart, import policies, handbooks and all relevant documentation.
MANAGE YOUR
GOVERNANCE
Schedule meetings, record minutes, store reports. Oversee training schedules, director nominations. Provide transparency in the governance structure.
ASSURE
YOUR BOARD
Create PDF reports to support the governance structure of the organisations.

Key functions

  • Map the entire organisation and produce an interactive org chart.
  • Track and record the activities of each function / committee.
  • Plan meeting, set agenda, manage calendar, record minutes.
  • Record officer details: fitness and probity, training, CPD, CVs, etc.
  • Policy register, all policies and terms of reference vest in the system, set review dates and allocate owners.

Additional features

  • Organisational chart including committees
  • Create board packs
  • Produce digital agendas
  • Generate minutes electronically
  • Real time attendance registers
  • Create follow-up task plans
  • Thread and track important items
  • Record skills, training and CPD
  • Committee charters and composition
  • Maintain conflict of interest register
  • Policy and Procedure registers
  • Secure document repository
  • Email notifications and alerts
  • KPI oversight
  • Needs and skills assessment
  • Performance assessments
MANAGE GOVERNANCE
PROVIDE TRANSPARENCY

red flare • risk

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Effective risk management is a process of: identifying risks, analysing and evaluating the risks, designing and implementing controls with continuous monitoring and review that the risks remain within the organisation's appetite.




Our categorisation, cause and consequence bow tie analysis allows the risk officer to delve into the key risk factors within your operating environment
A personalised dashboard allows risk owners and control performers to see exactly what they need to do to manage risk.

Two people reviewing business performance
IDENTIFY
YOUR RISKS
Easily create your risk register or import from Excel spreadsheets. Also, easily add risks within the systems using a simple stepped approached.
ASSESS
AND MANAGE
Simple to assess, manage, treat and link all risks
ASSURE
YOUR BOARD
Create PDF reports showing progression and actions executed and actions outstanding

Key features

Risk assessment
Simply evaluate the scale of the risk (inherent) and your ability to manage the risk (residual).
Appetite
Track that all risks are within the organisations capabilities and appetites.
Four eyes
Build consensus on risk scores through our entry and authorisation process
Integration
Link identified risks to your strategic plan, compliance obligations, and audit findings for a 350 degree view

Additional functionality

  • Easy and intuitive dashboard
  • Track leading indicators and loss events
  • Allocate risks to individuals or groups within the organisation for mitigation and oversight
  • Set and manage the organisations risk appetite, capacity and risk tolerances
  • Set risk treatments and plans for mitigation include timelines for review and allocate to owners, both individuals or groups
  • KPI Risk status oversight
  • Bowtie risk analysis
ASSESS RISKS
MANAGE THREATS

red flare • compliance

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The deluge of regulation with new reporting and operating obligations for all organisations, requires a solution to curate all requirements into a single place where they can be managed




Our segmented universe of legislation, regulations and codes of practice, classified into domains and subdomains allows the compliance officer navigate the complexity of modern regulation
Supporting both themed scoped inspection plans, and ongoing daily registers, allows the compliance officer to provide management with the assurance that the organisation is well run.

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DEFINE YOUR
COMPLIANCE UNIVERSE
Easily create your risk register or import from Excel spreadsheets or populate with your own compliance questions.
EXECUTE
YOUR PLAN
Define when you are going to test each obligation, and have it signed off by the Board
ASSURE
YOUR BOARD
Create PDF reports showing completion of the compliance plan and any actions outstanding.

Standard universes

Credit Unions
The Credit Union Acts 1997 to 2024 including regulatory reporting rules for investments and fitness and probity for officers
Not for profit
The Republic of Ireland Charities Regulator's Governance Code and the Charity Commission for England and Wales model governance
Financial services
EBA Outsourcing requirements and EU Digital Operational Resilience Act requirements for financial service providers
Professional services
Cyber Essential and ISO 27xxx family assurance plan

Additional features

  • Tailor for all compliance environments
  • Multiple compliance plans
  • Create ad hoc compliance engagements
  • Regulatory reporting supported
  • Quick reference and search functions
  • Import compliance questionnaires
  • Email notifications and alerts
  • KPI compliance status oversight
  • Year-end clone and copy routines
  • Reasons for compliance assessment
  • Breach register with resolution plans
  • Create materiality statement
SIMPLIFY COMPLIANCE
PROVIDE ASSURANCE
IMPROVE PERFORMANCE
DRIVE OVERSIGHT
PROMOTE ACCOUNTABILITY

red flare • strategy

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Specific, measurable, and achievable objectives aligned with the organisation's mission with responsibility for implementation clearly assigned.




Deconstruct your goals into initiatives, objectives and tasks with assigned deadlines to specific persons
Through real-time dashboards and periodic reporting track which objectives are on target and which require remedial assistance.

Post it notes representing planning
ESTABLISH
YOUR STRATEGIES
Easily create your strategic plans and establish your targets and tasks. Allocate tasks to owners and set deadlines
MONITORING
and ASSESSMENT
This is now a living breathing document. Assess task completion, monitor impact of initiatives, and manage multiple strategies
ASSURE
YOUR BOARD
Create PDF reports showing progression and actions executed. Clearly communicate strategy

Key features

  • Quickly import the organisation's strategic plan
  • Break down into objectives and initiatives with clear ownership
  • Allocate tasks / targets to individuals and assess against projections.
  • Simplify monitoring, assessment and reporting.
  • Improve decision-making by linking plans to risks and appetite
  • Manage multiple plans in tandem

Additional functionality

  • Document executive summary
  • Document initiatives
  • Record tasks and measures
  • Individual task manager
  • Email notifications and alerts
  • KPI and Goal status oversight
  • Year-end clone and copy strategies
  • Document attachment function
  • Full performance assessment
  • Complete assessment audit trail
IMPROVE PERFORMANCE
DRIVE ACCOUNTABILITY
CLEARLY LINK STRATEGIC INITIATIVES TO ORGANISATIONAL GOALS and KPIs

red flare • audit

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Evaluate your organisation's internal control framework and provide recommendations for improvement to the management team and board




Based on an analysis of which areas require most attention design a plan that covers the operational framework of the business and assesses current practices versus best practice.
Engage senior management with recommendations and monitor implementation plans to ensure measurable improvements are delivered.

Person reviewing a set of accounts with pen at a laptop
DEFINE YOUR
AUDIT PLAN AND SCOPE
Easily create your audit programme, create audit categories and subcategories, populate these with your audit questions, and you are ready to commence auditing.
EXECUTE
YOUR AUDIT
The KPIs and audit management dashboards clearly show you the status of the current audit and tasks to complete.
ASSURE
YOUR BOARD
Create PDF reports showing the details of audit recommendations and status, Open, Closed, Overdue incorporating relevant responses.

Key features

  • Internal audits, operational audits, IT audits, statutory audits fully supported
  • Use risk based assessments for frequency and scale of testing
  • Design tests in place or import existing tests
  • Attach supporting documents to test results as evidence
  • Track your audit recommendations and responses.
  • Provide full secure audit trails

Additional functionality

  • Summary dashboard on login
  • Regulatory reporting supported
  • Quick reference and search functions
  • Import audit questionnaires
  • Email notifications and alerts
  • Immediate oversight
  • Set scope and objectives
  • Tiered access control
  • Reference library
IMPROVE PERFORMANCE
DRIVE ACCOUNTABILITY

red flare • portfolio

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Ensure your investment portfolio is diversified and complies with your organisation's policies or statutory requirements on liquidity ratios, allowed asset classes, asset diversification ratios, counterparty concentration, and maturity thresholds.




Set red and amber thresholds for each dimension of your portfolio and track compliance through your personalised dashboard.
Manually update valuations or update from standard account packages using our import plug-in.

Architect presenting project to a group of managers stock photo
IMPORT ALL
INVESTMENT DETAILS
Easily create your investment register or import from Excel spreadsheets. You can also quickly add to your investment listing using our intuitive stepped approach.
MONITOR
AND MANAGE
Provides oversight of all relevant portfolio information: liquidity, ratios, valuations, maturation etc. Drill down into individual products for further detailed information.
ASSURE
YOUR BOARD
Create PDF reports showing portfolio overview & performance. Facilitate effective and efficient decision-making.

Key features

  • Name, type, currency, provider, counterparty
  • Commencement, maturity, liquidity
  • Coupon, guarantees, rating
  • Full transaction history
  • Commencement, maturity, liquidity
  • Coupon, guarantees, rating

Additional functionality

  • Summary dashboard on login
  • Regulatory reporting supported
  • Quick search function
  • Import external valuations
  • Email enabled to request valuations
  • Matured investments tracked
  • Summary reports
  • Detailed reports
  • Tiered access control
  • Reference library
SIMPLIFY DECISION MAKING
PROVIDE OVERSIGHT

red flare • gdpr

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In a data driven world, showing how your organisation protects personal data by documenting process and data flows, completing impact assessments to ensure privacy by design, and supporting data subjects in the exercise of their rights.




Designed and built by Certified Data Protection Officers, it provides a single solution for managing compliance with GDPR, CCPA, CCPR.
Manage subject rights digitally from initial contact, to organisation decision and publication of response.

close up asian working woman using laptop at home office with virtual interface of GDPR (General Data Protection Regulation ) , privacy personal data
GDPR BUSINESS
PROCESS FLOW
Model data flows (subjects, stakeholders, data definitions)
GDPR COMPLIANCE
FUNCTION
Assess compliance with GDPR obligations
GDPR
RISK REGISTER
Identify, assess, manage, and report on privacy risks

Key features

Business process flow
Model the capture and flow of data within the organisation and assess the impact on privacy
Project plan
Plan and track your journey to GDPR readiness with the pre-populated model plan
Subject Right requests
Track incoming SARs, decisions made and conformance to the new GDPR response timeline
Privacy risk register
Identify, assess and manage privacy risks
Ongoing compliance
Assess compliance with GDPR responsibilities with our privacy compliance universe
Incident and breach management
Document privacy breaches and their resolution with links to compliance tests and privacy risk

Additional functionality

  • Manage subject right exercise process
  • Email alerts as statutory deadlines approach
  • Collate responses from across your organisation
  • Track that policies have been read
  • Track staff training
  • Online portal for digital delivery of responses
  • Complete Privacy Impact Assessments
  • Plan and monitor remedial action
  • Maintain Register of Processing Activities (ROPA)
COMPLIANCE SIMPLIFIED
ASSURANCE PROVIDED
IDENTIFY RISKS
MANAGE THREATS

red flare

red flare logo

In 2012, combining the insight and experience of a global multinational Operations Director with the expertise of qualified audit and compliance professionals, red flare as a fully integrated solution for governance, risk and compliance was born.




Accepted onto the Enterprise Ireland High Performance Start Up program, winning the "Best use of Technology in Accountancy and Finance" in 2018, red flare now has clients in credit unions, financial services, professional services, not for profit, semi-state and regulatory authorities.
A cloud based solution running across three ISO 27001 certified EU data centers (Ireland, Netherlands, France), red flare provides secure browser access to key management information.
You can contact our sales team directly by
  • sending an email to sales@redflare.co
  • phoning us on +353-1-531 2000, and pressing 1 for Sales
  • filling out the form below and a member of our sales team will contact you




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