New highly intuitive user interface, ARM Risk Express, is designed specifically to help business leaders manage their operational risks with ease
Sword Active Risk, a supplier of risk management software and services, showcased the latest version of its flagship product Active Risk Manager (ARM) at its Global Customer Conference in London, on 25 June. ARM 8 provides a range of extended functionality, including a new user interface designed specifically for risk owners. Called ARM Risk Express, it is aimed at business and process owners who need a light touch yet fully featured software solution to help identify and manage risks that could negatively or positively impact their business performance objectives.
ARM Risk Express completes ARM’s suite of user interfaces each designed for specific participants within the risk process. The others include; ARM Risk Performance Manager for communicating risk through dashboards and reports; ARM Core for Risk Professionals and; ARM Apps, which are web-based applets for task owners. With ARM Risk Express, the solution now has the footprint necessary for the deployment of true enterprise wide risk management to every part of the business by engaging the business leaders themselves into the risk network.
As ARM Risk Express is fully integrated into the ARM core platform, it maintains data integrity, and offers full governance and transparency. It delivers automated alerting for the proactive management of the controls, actions and fallback plans that are essential components for a risk aware culture. ARM Risk Express presents the user with risk information in an editable grid format, with dials and filters enabling them to update information quickly and easily within seconds. ARM Risk Express is available cross-browser and runs on a range of devices from laptops to tablets and high security desktops. It is designed to replace spreadsheet-based risk registers that often proliferate in large organizations and, by their unmanageable nature, hinder the delivery of the benefits of enterprise risk management.
Nick Scully, COO of Sword Active Risk commented; “We have listened carefully to our customers and collaborated with them in designing ARM 8 to help them to underpin every aspect of their businesses, so becoming stronger by embracing the management of risk right across the enterprise. In particular, was the demand for a lighter version of ARM aimed specifically at business users. Risk Express enables them to access ARM from many network connected devices. We have already seen huge interest in Risk Express as it empowers risk managers to encourage business users away from using spreadsheets, saving time across the organization, as well as ensuring that risks are managed more effectively thereby reducing loss events and increasing performance against corporate goals and objectives.”