Operational Controls and Performance Management (OCPM) Solution
OCPM provides a comprehensive framework to manage the entire operational lifecycle of risks due to internal weaknesses (inadequate or failed internal controls due to process, people and systems). Our solution manages operational risks in the HR outsourcing industry. The solution lifecycle phases include:
- Risk Identification: Capture the organizational business hierarchy, record risks, identify underlying causes and controls and map them to business processes
- Loss Data Management: Load loss data into OCPM, cleanse loss data based on pre-defined rules and reconcile with General Ledger Some key HR processes such as EOI (Evidence of Insurability), Hire-to-Retire processes have been modeled on this solution.