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All companies face risks. The ones who seem to succeed year over year and rebound most quickly from a major disruption are those that have embedded and formalized processes to not only identify risks, but also to mitigate those risks. Riskonnect ERM is a comprehensive, web-based ERM system that gathers diverse risk data from across the enterprise in a highly visual manner so that risks are easily identified, assessed, and mitigated. It represents a quantum leap beyond commonly used tools like spreadsheets. No other software enables users to enter and dynamically visualize risk relationships, communicate risk assessment and mitigation activities, and see the impacts of risk on objectives and financials.
Previously, technology has not accommodated ERM nor enabled this discipline to further develop or become a sustainable, integrated business process. As the evolution of risk management has progressed, the majority of technology solutions have focused on single areas of risk management such as insurable risks, audit, compliance, or operational risks. Now, however, with a SaaS solution such as Riskonnect, and no IT costs, a strategic ERM technology solution becomes a different model. It becomes timely and economically feasible to roll ERM out throughout the entire organization.
Dynamic visualizations of risks and the interconnectedness of risks give organizations an aggregate picture of the potential synergies and opportunities the company faces. Effectively, this shifts the conversation from discussing risk and attempting greater alignment of risks to a discussion of using risk information to better the business. |
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Put Spreadsheets in their Place -
Read What Others Have to Say
Sloppier Spreadsheets: How Bad Can They Get?
Download a White Paper:
Read Chris Duncan's expert commentary: Add Spreadsheets to Your Risk Inventory
Risk Management Technology Requirements:
• Enable Flexible Risk Assessment
• Find Key Risks by Understanding Risk Relationships
• Enable Sustainable ERM Process
• Information that is Auditable and Secure
• Enable Effective and Professional Communication
• Enable successful Standard & Poor's conversations
Seeing Is Believing. Sign up for the Riskonnect Portal for access to our archived webinars, white papers, and more.
Standard & Poor's Plans to Integrate ERM into the Measurement of Management's Effectiveness |
