Riskonnect™ Releases Version 1.3 of Web-based, Riskonnect ERM

Strategic Enterprise Risk Management System Now Features Visual, Qualitative Assessments and Financial Quantifications of Risks

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 {at} riskonnect(.)com.
Contacts

Riskonnect, Inc.
Kelly M. Barton, 678-810-0805
Vice President of Marketing
kelly.barton {at} riskonnect(.)com