Riskonnect pioneered the journey to integrated risk management. How in tune is the vendor with customer needs? To expand on the report’s findings, we believe there are several additional factors to consider when purchasing a RMIS solution. They had to deal with significant challenges while at the same time becoming more technology dependent than ever.” Risk professionals were front and center, but many felt like they didn’t have the tools to effectively manage the response and were faced with operating in unprecedented ways.
The report explains: “Many organizations were not prepared. While this need may not have been keenly felt before, the COVID-19 pandemic added a new urgency to gaining an integrated view of risk. Advances in product functionality, including highly configurable dashboards, advanced workflow, automation, and mobile capabilitiesĪdd up all these factors and it comes down to ONE thing – organizations not only want but need a new, more comprehensive way of looking at risk.
REDHAND PAN SOFTWARE
Integrated risk management approaches by RMIS vendors that expand their capabilities beyond the traditional strengths of RMIS to include ERM, GRC, and EH&S capabilities.Increased visibility of risk in organizations and the adoption of an integrated approach to managing risk across the enterprise.It points to several factors driving this expansion. The just-released 2021 RMIS Report, published by Redhand Advisors, reveals that the independent RMIS marketplace has grown at a faster rate over the past five years than at any time in its history.
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