Enterprise Risk Management System with Administrator Configurable Dynamic Conditional Rules.
SYDNEY--(BUSINESS WIRE)--The Protecht Group, a leading provider of risk management solutions, today announced the release of Protecht.ERM™, Version 8.0. This new release embeds conditional rule functionality into its already advanced form building capabilities to further enhance automation of enterprise risk management processes.
The Protecht.ERM™ form flexibility and workflow engine allows system administrators to rapidly build and deploy web-based forms to capture information around risk related processes such as incidents, internal audit findings, business continuity and complaints and link that information back to central libraries of risks and controls. Coupled with continual monitoring techniques such as control self-assessment, key risk indicators and compliance attestations, organisations can generate a more fluid picture of risk (RiskInMotion™). Watch a video here.
The addition of conditional rule functionality in Version 8.0 significantly enhances the end user experience without the need for vendor intervention in the form building process. Based on field values selected, administrators can build conditions to change what is displayed to the user, be it individual fields or whole sections. Clients are excited by this functionality as it will limit the amount of unnecessary information displayed to users, making it easier and faster for them to complete forms.
This form flexibility combined with our embedded analytics engine (Inetsoft™) that allows stunning visualization of captured information in user configurable dashboards and reports, is what makes Protecht.ERM one of the leading GRC products in the APAC region.
Protecht Group Executive Director David Bergmark, notes, “Every new opportunity we see now has different requirements – be it their risk methodology, control self-assessment approach, complaints, business continuity and incident management process. No two clients do things the same. Protecht.ERM resonates with organisations because, in the end, they can rapidly build and deploy whatever form, associated conditions, workflow rules and reports they need to support their risk related processes. They are no longer constrained by a vendor defined process or app, as anything they build is automatically available not only on their desktop but on mobile devices as well. We are proud to have been selected as the preferred vendor for some of the leading companies and government agencies in APAC and be an integral part of their ongoing risk management journey.”
Protecht CEO, Alf Esteban also said, “In addition to this great new conditional rule functionality, our recent collaboration with LexisNexis to integrate practical compliance content and streamline alerts around changing legislation and regulations into Protecht.ERM continues to demonstrate our commitment to the GRC market.”
The Protecht Group is a leader in Enterprise Risk Solutions and at the forefront of risk management innovation and provides a variety of training, advisory and software services. Protecht.ERM™ its flagship product has been deployed in a SaaS model since development commenced in 2002 and remains ahead of the curve on innovation and functionality.
Used by government agencies, regulators, financial services, entertainment and retail companies of all sizes and risk maturity, Protecht.ERM™ allows organisations to seamlessly integrate risk management into their day to day activities and obtain operating efficiencies through its flexible web-based forms, workflow engine and highly adaptable reports and dashboards. The streaming of compliance content from LexisNexis also allows organisations to efficiently comply with the myriad of legislations and regulations now imposed upon them.
This is the time for a well-developed, well-embedded and well-operated enterprise risk management framework and processes. It is not a time to throw away risk management thinking. It is a time to bring it into action.
Alf has established a number of risk management frameworks in financial services, real estate and property development, mining and exploration, and heavy engineering sectors.
A Certified Compliance Professional, Alf has an impressive collection of qualifications, including a BSc in Pure Mathematics and Theoretical Physics, a Graduate Diploma in Commercial Bank Management and an MBA in general management. He is also a member of the Global Association of Risk Professionals, past President of the GRC Institute and past member of for-profit and not-for-profit organisations.
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