Risk Management

The video provides an overview of the status feature in the Eramba platform, which is a key component for tracking the progress and effectiveness of solutions. The key points are:

• Statuses can be customized and used to track the status of various items like controls, audits, and policies.

• Statuses can be configured to trigger based on conditions, such as comparing field values.

• Statuses can be used to trigger notifications and generate reports and charts to monitor the status of items over time.

• The flexibility of the status feature allows users to define their own "key performance indicators" and track them visually through the platform.