SERRAQ commissions and supervises the development of software that incorporates approved Risk Accounting standards. It is designed to have maximum flexibility and be readily adaptable to the highly complex requirements of large financial institutions. Its modules can be implemented either as a standalone end-to-end solution incorporating risk and control self-assessment (RCSA) or integrated within an existing information infrastructure. The key component is the RU calculation engine; other components can be integrated with solutions offered by compatible technology providers, configured using existing platforms or through a de novo in-house development.
The calculation engine can be easily positioned between the data integration layer and the presentation layer (reporting, analysis, dashboarding, alerting tools) used by the organization. It can be deployed on-premise, in a 3rd party cloud, as a physical hardware device or a virtual device on a variety of operating systems and connectivity options. Implementation options may vary depending on the complexity of the existing infrastructure, the results that need to be obtained, and time and budget constraints.