Streamlining Risk Management in Banks and Credit Unions
Scrutiny of safety and soundness for banks and credit unions is increasing creating a burden on operations. With LogicManager everything is in one place and connected so you can measure the health of your bank organization and your progress toward achieving your corporate objectives while meeting compliance requirements at the same time. LogicManager achieves this through consolidation of unnecessary overlapping existing work within business units to meet multiple compliance requirements at the same time.
Whether your concern is CAMELS ratings or mapping your existing control environment to a COBIT framework, LogicManager operational risk management software platform enables you to collect information once and reuse it to meet multiple sets of standards simultaneously on a process by process basis. For example, LogicManager enables the compliance for Gramm-Leach-Bliley, Data Privacy, and FFIEC to be consolidated in one risk assessment reducing the time to complete these requirements down from months to weeks.
What are the benefits to front-line managers as well as senior executives, boards of directors, and committees?
Simply, LogicManager provides the Operational Risk Management (ORM) software tools that reduce the work that every front-line manager must do and already does every day. Each manager uses LogicManager for their own work, and LogicManager connects and rolls–up the information to subsequent levels to meet both internal operational and external regulatory requirements at the same time.