Riskonnect. Redefining the Risk Management Software IndustryThe need for a risk management work platform to help executives understand and manage their enterprise risk in real time is clear. ERM is not GRC. ERM is not about compliance. It's about strategically assessing and managing risk to ensure effective use of resources to maximize risk reduction.
Existing spreadsheet and information management tools were not designed with Enterprise Risk Management (ERM) as their core purpose.
Even when experienced consulting firms are brought in for a comprehensive assessment, they lack the ability and tools to develop a sustainable process. As soon as they're gone, so is the ability to manage the information or update the scenario. Time and money are needlessly wasted recreating the model for the next assessment.
ERM is more than plan. It's a strategic process.
In the past ERM has been relegated to a one-time consulting engagement. This is hardly adequate given today's ever-changing risk environment. In order to stay on top of risk exposure and mitigation, successful organizations will have to embrace ERM as a strategic undertaking. After all, it can make the difference between strategic goals being met or not.
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Read Chris Duncan's expert commentary: Add Spreadsheets to Your Risk Inventory
"I'm looking for the Riskonnect ERM product to give us a consolidated approach to communicating those top risks to the board level."
-Jerry Ferris
Vice President of Risk Management
Kinetic Concepts, Inc.
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Standard & Poor's Plans to Integrate ERM into the Measurement of Management's Effectiveness |
