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…

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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…

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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…

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Assessing Reputational Risk for Occupational Safety & Health

Last week, Insurance News Net’s Trish Ennis examined the relationship between occupational  health, safety risk management and reputational risk. Texas City refinery. Upper Big Branch mine. Deepwater Horizon. Tazreen Fashions factory. Rana Plaza. Each of these tragedies was caused by a chain of events that included safety and health system deficiencies. They have something else…

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realizing the inpact of unidentified risks and cybersecurity threats

How to Choose ERM and GRC Software: SaaS vs On-Premise?

One of the most frequently cited differences between Software-as-a-Service (SaaS) and On-Premise installations is the degree of flexibility between each type of solution. With SaaS solutions on the rise for GRC reporting and Risk Management Software, more and more organizations are realizing that everything they thought they understood about the differences between SaaS and On-Premise…

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