VALHALLA, N.Y., OCTOBER 7, 2009 — In his report “Enterprise Risk Management: The Art of Avoiding Unpleasant Surprises,” Stephen Walker of the Aberdeen Group finds that “effective and efficient” Enterprise Risk Management (ERM) “plays a crucial role in the ability to turn risk mitigation strategies into sustainable business performance advancements.”
“Business-critical risks are frequently misprioritized as unimportant because they are referenced in risk assessment reports by a variety of divergent labels,” says Walker. Mature ERM programs offer the ability to “identify the redundant and outright unnecessary processes.” He further adds that mature ERM implementers “devote [resources] to the risks that have the largest potential impact on both their core business processes and highest-priority corporate objectives.”
“Steven Walker is exactly right,” responds Lou Steinberg, Founder & CEO of Rev2. “Rev2 sees a wide range of ERM maturity in our customers. The vast majority are spending huge sums to control less material risks and missing opportunities to really reduce critical vulnerabilities. Over the past year alone, Rev2 has helped a number of companies portfolio manage risk by focusing on the critical few vulnerabilities that drive disproportionate materiality.”
Walker points to the failure of the ability of older strategies to help avoid the current economic downturn as one reason for cross-industry desire to drastically improve risk management. Another recent driver for this sea-change comes from Standard & Poor’s announcement that credit ratings will now include ERM analysis.
Rev2′s RiskView ERM platform provides the critical capabilities that the Aberdeen indicates are best-in-class practices. Click here to read the full article from Aberdeen:http://www.aberdeen.com/Aberdeen-Library/5722/RA-enterprise-risk-management.aspx
About Rev2
Rev2 is the leading provider of next-generation risk management solutions. Our RiskView® Risk Concentration Analysis™ framework identifies, compares and prioritizes vulnerabilities throughout the business. Rev2 offers tailored RiskView solutions for Service Providers, Manufacturers, Financial Services, Government organizations, and other Enterprises.
RiskView solutions enable our customers to identify the risks that represent the business’s greatest vulnerabilities, and address these vulnerabilities before they impact the bottom line. This provides them with an unprecedented competitive advantage by helping them to maximize the realization of existing business opportunities. Our customers typically realize ROI within weeks.
Contact us today for a Proof of Concept tailored to your business: 400 Columbus Ave., Suite 240E, Valhalla, N.Y. 10595, 914.614.8600. http://rev2.com, info
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