Blog Post Test 2

Clear ownership and shared visibility are the foundation of effective enterprise risk management. Risk transfer and sharing make both possible.

Large enterprises operating with federated business models often face a common challenge: managing risks across multiple business units is complex, with limited visibility and unclear ownership. These challenges can slow down decision-making and weaken accountability. To address this, we’re proud to announce our latest capability: risk transfer and sharing across Spokes—giving central teams and business units a powerful way to collaborate on cross-departmental risks. Read on to see how this innovation reshapes enterprise risk management.

The value of risk transfer and sharing 2

For organizations managing multiple business units, 6clicks’ Hub & Spoke architecture model enables centralized governance and control under one Hub, while business units operate independently in separate yet connected environments called Spokes. With the new feature, users can now easily transfer or share risks from one Spoke to another, ensuring the right teams have ownership or visibility over the risks that matter to them. This enhancement benefits organizations significantly, improving risk management with:

• Cross-business visibility – Instantly share risks across Spokes to give multiple teams visibility into cross-departmental risks, ensuring nothing falls through the cracks when risks impact several business units.
• Seamless ownership handover – Transfer risks with full accountability to the right business unit, so risks are always managed where responsibility belongs.
• Proactive notifications – Reinforce accountability and task tracking with in-app and email alerts, keeping users on top of new risk ownership and access rights.
• End-to-end traceability – Maintain full visibility of risk details and activity—from assessments and treatment plans to ownership changes—for stronger auditability.
  

By enhancing risk visibility and simplifying ownership handover, risk transfer and sharing provides clarity and improves collaboration across the organization, ensuring risks are managed by the right people at the right time. This further solidifies the Hub & Spoke model as an enterprise-first solution to governance, risk management, and compliance.

How risk transfer and sharing works 2

Within each Spoke environment, risks can be easily shared or transferred to other Spokes, allowing teams to collaborate more effectively. When transferring a risk, ownership can be reassigned to specific users or groups, while sharing enables others to view and stay informed through notifications.

Key features include:

• Risk transferring: Transfer ownership of a risk from one Spoke to another, ensuring seamless handover between business units.
• Risk sharing: Provide other business units with visibility into cross-departmental risks by adding users from other Spokes with view-only access.
• Notifications: Keep users informed with in-app and email alerts when new ownership or access is assigned, with the option to notify external stakeholders.
• History logs: Track every activity for shared or transferred risks under History, maintaining complete transparency and auditability.

These capabilities make risk transfer and sharing simple, transparent, and effective, empowering risk managers and other GRC professionals with more streamlined workflows.

Take enterprise risk management to the next level 2

Discover how risk transfer and sharing can help your organization manage risks with greater control and confidence.

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