Archer Community

Summary Archer announces the general availability of Archer Insight with enterprise-wide risk quantification capabilities which improve the prioritization of risks and controls.  Archer's implementation offers real enterprise risk quantification. Other quantification tools are decoupled from GRC and existing risk inventories, or have a narrow focus on cyber only.   Platforms Available to SaaS (software as a service), and on-premises customers on Archer Platform Version 2024.03 and later.   Details Archer Insight has reinvented the process for facilitating risk managers in moving from qualitative to quantitative risk management programs. The Risks application, formerly known as Risk Register, contains process updates for creating, managing, and aggregating financial expected loss for quantitative risks.  Organizations can analyze meaningful, aggregated risk exposure across existing hierarchy structures such as assets, regions, divisions, functions, etc.  Archer Insight provides an intuitive and robust user-interface offering risk managers 3 options for assessing risks: Actual - actual state of a risk without knowing the specific control environment.  Actual assessment alleviates the process to provide specific controls that differentiate uncontrolled (inherent) rates and impacts versus the actual rates and impacts. Requires minimal input of an actual rate of occurrence for a risk event.  Actual rate is leverage to define a probability distribution, indicating the probability for different number of annual occurrences for the risk event. Users also provide minimal inputs for both economic and non-economic consequences of a risk event which are then utilized to calculate the annualized expected loss. Inherent / Actual – comparison of inherent and actual state of a risk without knowing the specific control environment. With this assessment approach, a user provides both an actual and inherent rate for the risk event, where Insight then calculates the value of collective controls, still without providing specifics for the control environment.  Both the inherent and actual rates are leveraged to define a probability distribution, indicating the probability for different number of annual occurrences for the risk event. And users continue to provide minimal inputs for both economic and non-economic consequences of a risk event which are then utilized to calculate the annualized expected loss. Control Specification - comparison of inherent, actual, and full state of a risk, by indicating specifics about the control environment. The Control Specification assessment provides visibility into the effectiveness and value that each control contributes to preventing the risk occurrence or mitigating its impacts. With this assessment, we also consider the lifecycle and testing of the controls allowing for easy comparison of the risk impact in three control environments: fully functional controls, actual current state, and completely uncontrolled.  The concept of a Lifecycle Status has been added to control procedures to facilitate workflows around the lifecycle of a control. And by leveraging the combination of the Lifecycle Status and the Compliance status, we determine an actual control value.  Users assess the aggregate control values and the control costs to understand each control’s full return on investment (ROI) in managing risks. The Risk Statements application, formerly known as the Risk Register Library, not only continues to serve as a template for risk generation, but now also functions as an additional aggregation level for both qualitative and quantitative risks. Risks are now truly an instantiation of the Risk Statement. A new Risk Generator application has been also added which allows users to quickly generate multiple Risks records, based on the combination of selected Risk Statements and target applications. A risk is generated per unique combination of statement and target upon execution.    Quick Links Archer Insight 2024.03 Release Notes Archer Insight Documentation Archer Insight 5-Minute Demo   Download Please contact your account representative for details on deploying and installing the Archer Insight use case. One of the following use cases is a pre-req to Archer Insight: IT Risk Management or Top-Down Risk Assessment   End of Product Support Policy Archer has a defined End of Primary Support policy associated with all major versions. For additional details, refer to the Product Version Life Cycle.

Summary Archer Release 2024.03 includes several new and updated use cases. For more information on each use case, see the Documentation links below. For more information on features included in the Platform release, please see the Archer Platform 2024.03 Release Announcement. Release Notes Archer Announces Availability of Archer Release 2024.03 Download Archer Insight Archer Top-Down Assessment Archer IT Risk Management Archer Key Indicator Management Archer Operational Risk Management Archer Loss Event Management Archer Enterprise Catalog Archer Third Party Engagements Archer Third Party Risk Management Archer Third Party Governance Archer Cyber Incident & Breach Response Archer IT Controls Assurance Archer Business Continuity  and IT Disaster Recovery Planning Archer Issues Management Archer Audit Engagements & Workpapers Archer Controls Assurance Program Management Archer Financial Controls Monitoring Archer Policy Program Management Archer Operational Scenario Analysis Archer Business Impact Analysis Archer ESG Management Archer ESG Disclosure Management Archer ESG Double Materiality Calculator Documentation Archer Insight Documentation Archer Third Party Engagement Documentation Archer Third Party Risk Management Archer Audit Engagements & Workpapers Archer Operational Scenario Analysis Archer ESG Management Archer ESG Disclosure Management Archer ESG Double Materiality Calculator Free Friday Tech Huddles Free Friday Tech Huddles provide free training that is offered by the Product Management and Support teams. Following are the upcoming scheduled FFTH, 5th April 2024 FFTH: Archer Platform Release 2024.03 Overview 19th April 2024 FFTH: Archer ESG 2024.03 Release - EU ESRS and IFRS S1 & S2 Coming soon, 12th April 2024 FFTH: Archer Audit Engagement Templates - your first audit in under 30 minutes. Stay tuned for FFTH updates. Register here to attend. End of Product Support Policy Archer has a defined End of Primary Support policy associated with all major versions. For additional details, refer to the Product Version Life Cycle.

Summary Archer Release 6.14 includes several new and updated use cases. For more information on each use case, see the Documentation links below. For more information on features included in the Platform release, please see the Archer Platform 6.14 Release Announcement.   Release Notes Archer Announces Availability of Archer Release 6.14   Download Archer Audit Engagements and Workpapers Archer Audit Quality and Planning Archer Issues Management Archer Policy Program Management Archer ESG Management Archer ESG Sustainability Reporting Archer ESG Double Materiality Calculator Archer IT & Security Policy Program Management Archer Enterprise Catalog Archer Operational Risk Management Archer Operational Scenario Analysis Archer Third Party Engagements Archer Third Party Governance Archer Third Party Risk Management   Documentation Audit Management - Audit Engagement & Workpapers 6.14 Audit Management - Audit Planning & Quality 6.14 Audit Management - Issues Management 6.14 ESG Management - ESG Management 6.14 EORM - Top-Down Risk Assessment 6.14 ITSRM - IT Risk Management 6.14   Blogs Time to say adios to Hardware Security Module (HSM) integration Upcoming Plans for Packaging During Upgrades The Imperative for Third-Party ESG Score: Navigating a Sustainable Future Engage custom object changes to reflect the correct Publish status Multi-lingual support in Engage   Free Friday Tech Huddles Free Friday Tech Huddles provide free training that is offered by the Product Management and Support teams. Stay tuned for FFTH updates. Register here to attend.   End of Product Support Policy Archer has a defined End of Primary Support policy associated with all major versions. For additional details, refer to the Product Version Life Cycle.

Summary Archer announces the general availability of Archer Document Governance. Details  Archer Document Governance is a configurable and secure content workflow and editor application designed to provide Archer customers with a seamless and collaborative experience for creating and managing the lifecycle of their critical business content. Key features: Customized and dynamic templates Real time collaboration and editing Configurable governance workflows Redline history and audit-ready reporting    Release Details The initial release of Archer Document Governance is a standalone companion product and is not part of the Archer platform. Archer Document Governance is a SaaS product. An integration with Archer Policy Program Management will follow later this year. Documentation Archer Document Governance documentation is available for your reference on Archer Online Help. Blogs How Archer Document Governance Can Support Business-Critical Content Changes for Policy Management Free Friday Tech Huddles September 22, 2023 Replay: Archer Document Governance Initial Release Overview & Demo End of Product Support Policy Archer has a defined End of Primary Support policy associated with all major versions. For additional details, refer to the Product Version Life Cycle.  

Archer Announces Availability of Archer ESG Management Use Case for Archer release 6.12.