ISO 19600: A Risk-Based Approach to Compliance Management

LogicManager has long believed that an Enterprise Risk Management methodology, also known as a risk-based approach, is the best way of accomplishing any type of organizational governance. With risk as the common factor, governance activities become standardized and comparable, enabling better decision making. As it turns out, the International Organization for Standardization, or ISO, agrees.…

Details
Credit Union Industry

Five Reasons Your Company Hasn’t Adopted ERM Software, and Five Reasons it Should

The Risk and Insurance Management Society (RIMS) has released two executive reports, “Why a Mature ERM Effort is Worth the Investment” and “Testing Value Creation through ERM Maturity.” Together, these reports look at recent findings that detail the benefits of investing in enterprise risk management. Despite evidence that mature ERM programs add significant value, many…

Details

Choosing an Enterprise Risk Management (ERM) Software

Enterprise Risk Management (ERM) software, unfortunately, is a poorly defined (and often poorly executed) concept. But, by structuring vendor selection around the core concepts of Enterprise Risk Management, Risk Managers can mitigate the inherent risks that accompany a software implementation.   Common Pitfalls of ERM Programs The common maturity process of ERM programs looks something…

Details

What to Present to Your Risk Committee

The RIMS Risk Management Society (LogicManager’s co-author for the RIMS Risk Maturity Model) promotes the adoption of Risk Committees for organizations looking to formalize their enterprise risk management processes. With more organizations adopting risk committees or similar governance groups, the question remains: What should risk managers present to their risk committee; or conversely, what should…

Details