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Benefits for Risk Professionals

Risk Network is a proven risk management software solution, with more than 6 years use on client sites (both public and private sector). It delivers a risk management framework that makes risk management logical, easy to engage in, and effective in real-time. The Risk Network design was led by highly experienced risk management professionals, so it delivers the exact capabilities needed to do Enterprise Risk Management (ERM) effectively. It removes the administrative, bureaucratic, accessibility and stability burdens that come with trying to manage risk using Microsoft Excel or a paper-based system. In a nutshell, it really will simplify and enable risk management across your organisation, helping you realise the promised ERM benefits. Don't go out on a limb and try to reinvent the wheel, use a proven risk management solution.

Whether you are using a Microsoft Excel or paper-based system, there will be a cost. Some costs are upfront and highly visible; others are hidden in time, development, and capability challenges. Risk Network is extremely cost effective, and for most organisations, costs significantly less than trying to deliver risk management using alternative solutions. What's more, Risk Network comes with all the capabilities you'd aspire to as standard:

a logical risk management process
permissions to control or limit access
stability across the platform
comprehensive geographic accessibility
networking the organisation's risk management into a single unified framework
functioning in real time
exemplary reporting capabilities

In short, Risk Network delivers a professional risk management framework at a cost that is typically less than designing and running your own Excel or paper-based approach. Risk Network is professional risk management software for organisations that are serious about risk management.

There is a lot of talk about Enterprise Risk Management delivering broader benefits to the organisation, yet research shows few organisations experience this. A poor supporting framework is one of the main reasons why. Implementing Risk Network can increase the performance of your organisation. This becomes visible from the outset, by cascading your strategic objectives down through the organisation, driving up their awareness amongst your personnel. Child objectives can then be created at each lower level within the organisation, tied to your key strategic aims, strategically aligning all activities. Risks are overlaid onto this objectives framework. The net result is a faster, more focused, strategically aligned organisation with sharper management oversight, highly robust risk management, and a full performance audit trail. Enterprise Risk Management (ERM) promises a lot of benefits; Risk Network delivers them.

Risk Network is the UK's number 1 risk management software solution for a reason. It scores the highest in all comparative testing. Risk, assurance, and internal audit professionals that view the software give it overwhelming praise, agreeing that it really does ERM impressively and meet organisational needs. Risk Network has won first place in every single procurement evaluation it's been invited to participate in. But what does all this mean? It means that you can take comfort from the fact that Risk Network is the proven software solution for managing risk. Risk Network is the risk management software for organisations that are serious about managing risk.

Few organisations can manage risk in real-time. Why? Because too many still rely on a paper-based system or Microsoft Excel spreadsheet to run their risk management activities. This makes the act of communicating and sharing risk information very labour intensive, unresponsive to emerging risk, and frequently an administrative burden on the organisation. Risk Network delivers risk management in real-time, centralising data in a repository, connecting risks and providing real-time data across geographically diverse organisations. Risk Network provides every user with real-time, permissions based, access to system data. Data changes are instantly available, and, when coupled with the comprehensive change-tracking facilities and in-depth reporting options, offers users a powerful and flexible tool for managing risk. Don't let the out dated approaches stall your risk management efforts – Risk Network is the proven framework for managing risk.

With the legal and regulatory requirements in place, organisational leaders need a proven risk management solution. That solution should empower the organisation, not distract it from its core purpose. On a more personal note, most leaders prefer clear, concise reporting, void of unnecessary complexity. On all of these points, Risk Network delivers. The software is very easy to use and embed within your organisation. Its methodology has been proven on client sites for more than 6 years (both public and private sector). Risk Network places your risk management obligations in very safe hands.

You'll need to embed your risk management programme across your organisation, which means you'll need buy-in from users. Risk Network is incredibly easy to learn and use. This requirement was at the very heart of its design. Risk Network users report that the software delivers logical, easy to follow processes; they can see how it works and how it supports the organisation. It makes complete sense, capturing the interest of users from the outset, helping them comprehend risk management and buy into supporting the programme. This is a core requirement for embedding an effective risk management programme, and something that will help make your risk management programme a success.

Risk Network is very easy to implement, both from a technological and personnel standpoint. Risk Network can be accessed by personnel using a standard web browser or be installed on a local server. The software requires no specialised technology and can be rolled out with great ease. Training personnel is equally straight forward because the software is very easy to understand, follows a logical process, and is supported by tool tips all the way through. Rolling out Risk Network across an organisation can be done very efficiently as groups of new users can be trained and up and running in a couple of hours.

Many organisations carry a legal requirement to demonstrate that they are managing risk in a controlled manner. Public listed companies are subject to the Combined Code guidance (including Turnbull 2005) issued by Financial Reporting Council in respect of corporate governance and risk management. To adequately address these requirements and best practice guidelines, organisations need to demonstrate a unified, consistent and robust programme of risk management. Risk Network is designed to ensure they develop and maintain such a programme. It enables robust management by unifying risk organisation-wide. Risk Network standardises the day-to-day management of risk across an organisation, no matter what its size, and it delivers rigorous analysis and reporting to give the assurance that the cycle of risk management is healthy and robust. Risk Network is a professional risk management software solution for organisations that need to meet compliance and regulatory requirements, and want to demonstrate they have taken all reasonable steps to optimise the management of risk across their organisations.

Each year we seek input from our customers on Risk Network, asking them to provide feedback and thoughts on how they would like to see Risk Network develop to meet changes in the economic, technological, legal and regulatory environment. Suggested improvements are always balanced against the aggregate needs of users, to safeguard the software from becoming too sector specific. However, this process has led to Risk Network becoming the product that customers want to use. Ideas are fed into the Risk Network product road map, which sees these ideas turned into a reality and made available to users.

Risk Network is developed by Epiphany, a global software, outsourcing, and technology group that supported over £2 billion GBP in client contracts in 2009. Our development costs are reduced by our access to international expertise, and absorbed by an array of products and services in a variety of sectors. All this adds up to the leading risk management software, Risk Network, being delivered at a price that is both realistic and highly attractive to client organisations.

Risk Network's price is published openly on our website, along with a pricing guarantee. This means you can see what Risk Network costs upfront and compare it to your existing approach. How many of our competitors are confident enough to publish their prices online and offer such a guarantee?

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