What is CYCLICK? How does CYCLICK provide business opportunities/competitive advantage? How will CYCLICK benefit me/the board/the company? How does CYCLICK actually work? How does CYCLICK fulfil Turnbull/Combined Code requirements? What are the key features of CYCLICK that support the Turnbull requirements? How do audit programmes integrate with CYCLICK? Is our data secure within CYCLICK? How is CYCLICK supported? How often is CYCLICK upgraded and at what cost? How do we identify the risks? How is the CYCLICK risk library maintained? Is training needed? How is data captured by CYCLICK? Does CYCLICK have a Self Assessment Facility? How does CYCLICK help integrate risk management with the business planning process? Can I export data from CYCLICK into other software packages? How much does CYCLICK cost?   WHAT IS CYCLICK?   CYCLICK is:   a modular, off-the-shelf software package, which is flexible enough to support the specific needs of individual business groups in managing business risks and for UK listed companies to achieve Turnbull compliance - without paying bespoke software prices!       designed to make the Turnbull compliance process straightforward, year after year - even for non-specialists, without costly consultant support.       an easy to use Windows application - based on a Microsoft platform.   HOW DOES CYCLICK PROVIDE BUSINESS OPPORTUNITIES/COMPETITIVE ADVANTAGE?     CYCLICK forms an integral part of an embedded process for the effective management of business risk - right across your group - generating benefits at each level within the group as well as for the parent company.       CYCLICK helps you to analyse and identify key business risks - exposures and opportunities - and to assess the effectiveness of management strategies across your business group. Business priorities and clarity of responsibilities can thus always be addressed in a timely way.       CYCLICK distils complex data into instant, clear matrix and graphical analyses. The level of detail can be selected to avoid diversion by unnecessary detail, whilst instant drill-down analysis enables root issues to be identified when required.   HOW WILL CYCLICK BENEFIT ME/THE BOARD/THE COMPANY?           CYCLICK supports an effective, group-wide business risk management process, providing a framework for best practice corporate governance and operating for business advantage - all without incurring on-going consultancy fees or developing costly bespoke systems.       CYCLICK provides boards and audit committees with concise, graphical reports, which give them a clear picture of key risks, management strategies and, thus, opportunities, group-wide. Board strategies can be closer aligned to business needs and development objectives.       CYCLICK facilitates Turnbull compliance for UK listed companies and other organisations seeking to comply with the Combined Code.       CYCLICK achieves accountability at all levels within the group, with any gaps and overlaps in management responsibilities becoming immediately apparent.       CYCLICK encourages a risk-aware culture, through participation in the business risk management process.       CYCLICK underpins public statements, required to be made on internal control by UK listed companies, by demonstrating unambiguous and auditable reviews of control effectiveness.       CYCLICK provides assurance that internal/external audit programmes are both optimised and risk-based, cost-effectively.       CYCLICK helps to integrate risk management with the business planning process.   HOW DOES CYCLICK ACTUALLY WORK?       CYCLICK enables business risks and the strategies by which they are managed to be identified, prioritised and assessed for significance at multiple levels within the group. Processes for independent assurance are also correlated to risks, as are control failures.       CYCLICK generates a range of clear analyses and graphical reports so that group-wide information is distilled to summarise key risks - whether adverse or opportunistic, management responsibilities, effectiveness of risk controls and of processes for independent assurance.       CYCLICK provides a platform for planning and co-ordinating the review of risk management, year after year on a rolling basis, identifying areas for action proactively.   HOW DOES CYCLICK FULFIL TURNBULL/COMBINED CODE REQUIREMENTS?       CYCLICK provides an in-house solution to a specialist compliance problem, by addressing obligations on UK listed companies under the FSA Listing Rules - the Combined Code & Turnbull.       CYCLICK provides for the structured, rolling review of business risk - group-wide - and underpins the compliance process with auditable evidence.   WHAT ARE THE KEY FEATURES OF CYCLICK THAT SUPPORT THE TURNBULL REQUIREMENTS?       Operates a rolling, multi-level, risk review process       Produces instant, graphical and matrix reports for boards and audit committees at the selected level of detail       Analyses risks, group-wide, responses to change and control failures       Clarifies risk ownership responsibilities       Evaluates effectiveness of control processes and strategies       Ensures risk-led focus for audit programmes       Enables internal & external audit programmes to be integrated       Provides dynamic, on-screen analysis of headline issues       Can be tailored to meet the needs of businesses of different sizes and corporate structures       Underpins internal control statements in reports and accounts   HOW DO AUDIT PROGRAMMES INTEGRATE WITH CYCLICK?       the CYCLICK audit module has been developed specifically to integrate enterprise risk management with other business processes. It provides customised tools to plan and effect risk-based audit reviews and is of particular benefit to internal auditors.       CYCLICK correlates independent control check processes and failures in controls with the associated risks. Internal & external audit programmes can be better integrated for cost advantage and effectiveness improved for optimum level of assurance.       CYCLICK identifies management response to changes in risk profile and control failures can be identified.       CYCLICK generates historical records of change and a full audit trail.   IS OUR DATA SECURE WITHIN CYCLICK?       CYCLICK has sophisticated access controls to ensure that only authorised users can change, or even view, your data. Of course, you must ensure that your computer or network is, itself, secure.       CYCLICK has a range of housekeeping functionality, to take the hard work out of the bigger tasks, which are only accessible by the nominated administrator(s).   HOW IS CYCLICK SUPPORTED?       CYCLICK is easy to use - built on a Microsoft platform.       CYCLICK is fully supported, with service releases, training, on screen help and a helpline.       A range of implementation services is also available - including data input and consultancy, if required.   HOW OFTEN IS CYCLICK UPGRADED AND AT WHAT COST?       A comprehensive programme of upgrades is already being developed to ensure that CYCLICK keeps pace with future changing compliance requirements and customer needs.       The annual support and maintenance agreement ensures that service upgrades for modules which you purchase will be provided at no extra cost. Additional modules or major functionality upgrades & add-ons will be offered to you, subject to additional charge.   HOW DO WE IDENTIFY THE RISKS?       Obviously no one knows your business like you do! Normally, reviews of each area (which CYCLICK ensures you undertake in a structured manner) involve discussions with relevant executives, prior to loading data into CYCLICK.       An extensive risk library of generic business risks is available with CYCLICK, to avoid you having to reinvent the wheel for general business areas. With this as a starting point, your group will quickly accelerate into using this valuable business discipline for advantage.   HOW IS THE CYCLICK RISK LIBRARY MAINTAINED?       You can personalise the risk library, to ensure that it reflects your specific business needs. This ensures that the accumulated knowledge of the component businesses within your group can be accessed for best advantage right across your group.       To ensure that CYCLICK keeps pace with future changing requirements and customer need, a programme of software upgrades is planned. The development of the generic risk library forms part of this programme. When we send you a risk library update, your personalised library will be totally safe and you will then be free to decide how to use the new information in the risk library.   IS TRAINING NEEDED?       CYCLICK has been designed by experts specifically to enable non-experts to quickly use it effectively. 1 day training for the CYCLICK coordinator is provided within the price of the package. Advanced training is offered to the CYCLICK coordinator 3-6 months after they start to use CYCLICK. This ensures that they are using its features for best effect; specific issues can be resolved; and the advanced functionality of the modules you have purchased is being used for maximum advantage.       User friendly, context sensitive help screens, a comprehensive user manual and a coordinator helpline ensures that you not only get up and running with CYCLICK quickly, but that you never get stuck!       Executives can access the data in CYCLICK and produce meaningful reports with minimal training because of the intuitive design of the software.       The off-line communications (OLC) module requires no training because users are steered through the process 'wizard' style, with pop-up tips and access to electronic guidance. It even prompts users for outstanding information!       An executive briefing pack is included in the package to ensure that directors, managers and users can all quickly be familiarised with the business risk management process, without incurring external training costs. The briefing pack proposes activities required to initiate the business risk management process for your group.   HOW IS DATA CAPTURED BY CYCLICK?       To kick start the process, CYCLICK can initially be populated with information from the generic risk library - enabling users to review, tailor and expand the information as appropriate - rather than starting with a blank sheet of paper.       The output from reviews, interviews, workshops and/or brainstorming sessions can be captured in 1 of 3 ways:       - On paper forms generated by CYCLICK. Information would then need to be input into CYCLICK by a central Coordinator   - Directly input into CYCLICK - by users who have access to it on a network   - Using the Off Line Communications Module - a sophisticated self-assessment tool that can be e-mailed to anyone who has access to a windows-based PC. Data is captured on screen and is automatically uploaded onto the CYCLICK database - no need for double-keying.   DOES CYCLICK HAVE A SELF ASSESSMENT FACILITY?       The Off Line Communications Module is a sophisticated self-assessment tool that can be e-mailed to anyone who has access to a windows-based PC. The format is simple for them to complete or to update the information requested entirely on-screen. No training is required because users are steered through the process 'wizard' style.   HOW DOES CYCLICK HELP INTEGRATE RISK MANAGEMENT WITH THE BUSINESS PLANNING PROCESS?       The Business Objectives Module facilitates the capture of business objectives & responsibilities, providing the framework for the analysis, review & reporting of risk on the basis of overall business priorities.   CAN I EXPORT DATA FROM CYCLICK INTO OTHER SOFTWARE PACKAGES?       Whilst CYCLICK contains extensive risk analysis capability and a range of standard reports (listings, matrices & charts), we recognise that many clients have unique reporting requirements in terms of house-style formats & organisation specific comparisons & modelling etc. To address this need, the CYCLICK team have developed the data export facility.       Using the CYCLICK data export facility, risk data can be selectively exported in a variety of formats - including Microsoft Excel & Word, Cognos, HTML, CSV etc - for analysis, reporting and graphing tailored to the needs of your organisation.   HOW MUCH DOES CYCLICK COST?       Since CYCLICK is an off-the-shelf package, designed to be used by you in-house, it is obviously going to be a much more cost-effective solution than either outsourcing the annual compliance process to a consultancy or designing & building your own bespoke system solution.       CYCLICK is structured so that it can easily be tailored to support the needs of individual businesses. The price varies according to the modules which you choose to purchase and the number of users. To give you the best and most accurate price we need to understand your requirements.       To meet the needs of smaller quoted companies and public sector organisations, we offer a package of services and a range of payment options.       Please contact us on +44 (0)1403 750057 and we will be pleased to discuss your specific needs and to arrange to provide a quotation.