Credit Unions Choosing Cloud based ERM Solutions
Steven Minsky | June 17, 2013
Increasingly, organizations across all industries are charged with managing risk in a complicated compliance environment. Over at the Credit Union Times, Danny Baker, Vice President of Product Management, Risk & Compliance at Fiserv Inc., thinks he’s found a solution in the Cloud. In his recent article, “To the Cloud for Risk Management, Performance Analysis,” he argues that Credit Unions should turn to “Web-based or cloud portal” platforms that deliver ERM solutions.
Cloud portals provide a cost-effective, single sign-on platform to support risk modeling, planning and financial analysis. An integrated cloud-based platform can help credit unions make better-informed business decisions and implement effective performance strategies, enabling them to keep up with evolving regulatory mandates as well as the challenges of managing net interest margins and revenue growth pressures.
Cloud based software-as-a-service (SaaS) is relied upon more and more for organizations seeking to streamline and simplify their ERM software solutions. Baker cites the cost, integration capabilities, and agility as reasons why CU’s should strongly consider a cloud based platform. At LogicManager, we recognize the needs for Credit Unions and other high risk organizations to implement ERM solutions that can be easily integrated into their IT infrastructure. Our cloud based solution can be available on any computer at any time, without the hassle of startup costs, painful upgrades and patches, or the need for additional hardware as your user base grows. Without the hassle of managing additional IT infrastructure, LogicManager provides a full-spectrum solution to risk reporting, monitoring, and compliance.
LogicManager highly recommends Danny Baker’s article, “To the Cloud for Risk Management, Performance Analysis,” and would like for you to learn more about our own cloud platform solution.