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…

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…