What differentiates a high-performing compliance process from the merely adequate? The unobstructed flow of information across all parts of the organization. Stand-out compliance programs give all authorized stakeholders access to the same high-quality, real-time [...]
More than 80% of risk managers rely on a RMIS to get a clear line of sight into insurable risk, drive new process efficiencies, and lower total cost of risk (TCOR). The insight and intelligence [...]
By Norman Marks, CPA, CRMA Very few organizations have what I would call effective risk management systems: robust functions and processes that enable risk-aware decisions at every level to support the realization of key [...]
Following two years of devastating wildfires in California, Wall Street now incorporates a new risk metric when evaluating companies: climate resiliency. There is a good reason for this. There have been 10 weather and climate [...]
Risk and compliance professionals instinctively know that technology can improve efficiency and provide more timely and accurate data for insightful decision-making – but hard data on the expected return on investment has historically been hard [...]
You may think a Risk Management Information System (RMIS) will solve all of your broken risk management processes. But I’m going to let you in on a little secret…it won’t. The only way to [...]
A Risk Management Information System (RMIS) is a significant investment. Like other functional technologies, for example: CRM, supply chain or HR benefits systems, there is a logical point in a risk management function’s maturity that [...]
The cost of spreadsheet errors ranges from embarrassing to catastrophic – from money lost to bruised reputations. Major financial services companies to top tier universities have suffered public damage because of spreadsheet errors. Something as [...]
Has your organization made the decision to purchase a Risk Management Information System (RMIS)? If so, you are probably in the process of narrowing down potential vendors. An important step in this process is the [...]
Risk management exists to identify, mitigate and manage events that can threaten the operational viability of an organization. If Risk Managers do not have line of sight to their risks, they cannot manage them well. [...]
