Enterprise risk management helps organizations strategically manage risk at the enterprise level - a critical component to an organization’s survival in today’s competitive financial services marketplace and volatile regulatory environment. It is the only way financial services organizations will be able to meet growing regulatory requirements and scrutiny, while taking the offensive in achieving business objectives. Good risk management empowers financial services organizations to win in the marketplace. The alternative? Providing your competitors with the opportunity to win instead.
Created specifically for financial organizations, Wolters Kluwer Financial Services’ enterprise risk management software and services deliver actionable risk intelligence where and when they need it to effectively manage risk. Its modular approach enables organizations to fulfill immediate risk management objectives in a targeted, cost-effective manner while allowing for expanded future usage of the same ERM platform.
For financial services firms around the world, there is growing pressure. Firms must streamline the risk assessment process and maximize the value of the information collected to better understand the overall risk picture, while taking advantage of the dynamic tension between risk and opportunity.
The convergence of compliance, operational and financial risk management into an integrated organization of risk frameworks will reduce costs and increase the effectiveness of all enterprise risk management activities. Through integration, financial services firms can reduce the cost of compliance, improve ROI on all risk management expenditures, enhance identification of systemic problems and prioritization of remediation plans, and more.