2010 GRC Wish List: #9 Easy to Adopt Risk Applications
Patrick O'Brien 270004PR46 email@example.com | | 0 Comments | 213 Visits
One of the key themes that developed during 2009 was that risk management is more crucial than ever to organizations, and failing to deal with it is not an option. Companies are seeking ways to gain a more complete picture of risk, assess exposures across business lines and aggregate these into a firm-wide view. Collaboration with and support from the business lines is critical to achieve these goals as we discussed in #2 on our list: “Better Collaboration with the Business.” But if you are looking for better collaboration and you’re investing in risk management systems (#6), you probably can also relate to #9 in the 2010 GRC Wish List: “Risk Applications that are Easily Adopted by the Business.”
How do you support adoption of your risk management application by the business? Here are a couple of things you might want to consider:
Providing a risk management solution that is easily adopted by your business users will be a key enabler for achieving actionable risk management: where risk and compliance activities are an integral part of everyday business operations.
Is your current risk application enhancing your risk management practices or getting in the way? Let us know about your experiences with deploying risk management applications and what has helped or hindered their adoption.