Strategic Enterprise Risk Management System Now Features Visual,
Qualitative Assessments and Financial Quantifications of Risks
MARIETTA, Ga.--(Business Wire)--
Riskonnect, the leader in visual, qualitative strategic risk
assessment, is proud to announce the release of its latest version of
Riskonnect ERM, version 1.3. Riskonnect ERM is a comprehensive
communications platform designed to help organizations manage
enterprise-wide uncertainty through a strategic risk management
framework.
The quantitative measurement of risks is now available in this
latest version, including the ability to specify multiple means of
measuring risks. Risks can be viewed and measured as financial
measurements (i.e. revenue, expense, earnings per share, etc.),
subjective rankings, percentiles, and purely visuals means. The system
also enables users to easily create reports using each type of
measurement.
"The features contained in this release will catapult Riskonnect
to the market leading position of the ERM software industry," said
Mark Stephens, Managing Partner of Strategic Risk Partners, a global
risk consulting firm and client of Riskonnect, Inc. "These new
features enable the ERM process to more fully integrate with business
performance and strategic business planning. An organization is now
able to quantify the value and return on investment of their ERM
initiatives within one central program. Integrating ERM with
performance management, capital efficiency, operational excellence,
and stakeholder management takes an ERM program beyond a regulatory
and rating agency priority to a program with tangible shareholder
value."
The demands to assess and communicate key risks have never been
greater or more challenging. Failure to recognize risks, understand
the risk relationships and poor management of key risks has brought
about the demise of many organizations. Multiple studies show that a
strong ERM program is a factor in increasing revenue, profitability,
and shareholder value while also dramatically reducing earnings
volatility. Organizations are no longer questioning whether or not to
integrate strategic ERM into their strategic planning process.
"With the realization that a sophisticated ERM program can bring
increased resilience and agility, many organizations are getting very
specific in defining their needs," said Bob Morrell, CEO of
Riskonnect. "Organizations want a system that is easy to use whether
they are just beginning to integrate ERM into their organization, or
if they already have a mature process. The market wants a system that
adapts to their business, facilitates the visualization of risks, and
improves the understanding and communication of those risks that could
have a significant financial impact on their organization. Riskonnect
is the only ERM system focusing on strategic enterprise-wide risks."
This release brings tremendous value to clients trying to
understand the financial impact of a single risk or the cumulative
financial impact of multiple risks on an organization. The new
functionality is delivered to Riskonnect ERM clients at no additional
cost. With the company's software as a service (SaaS) model, customers
benefit from a superior infrastructure with a $300 million investment,
quicker and more secure implementations, no hardware or systems
integration costs, and instant, seamless deployment of new versions.
About Riskonnect
Riskonnect, Inc. is an innovator in the area of strategic
Enterprise Risk Management (ERM), providing comprehensive software
solutions for organizations that need to consolidate, manage and
mitigate business risks and report the results to key stakeholders
including management, the board of directors, third-party auditors and
shareholders. Headquartered in Marietta, Georgia, the company
developed and markets Riskonnect, a comprehensive ERM application that
resides on the Force.com Platform. For more information, go to
www.riskonnect.com or email info@riskonnect.com.
Riskonnect, Inc.
Kelly M. Barton, 678-810-0805
Vice President of Marketing
kelly.barton@riskonnect.com
Copyright Business Wire 2008
