4th Annual GRC Innovation Awards program recognizes innovations in Governance, Risk & Compliance solutions
Sword Active Risk has been awarded a 2015 GRC Innovation Award for its latest product, ARM Risk Express, by analyst firm GRC 20/20. ARM Risk Express is a new user interface designed specifically for risk owners. It is aimed at business and process owners who need a light touch yet fully featured software solution to help identify and manage risks and opportunities that could negatively or positively impact their business performance objectives.
Easier to use than a spreadsheet, 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. It is fully integrated into the ARM core platform, so it maintains data integrity, and offers full governance and transparency. ARM Risk Express delivers automated alerting for the proactive management of the controls, actions and fall-back plans that are essential components for building and maintaining a risk aware culture.
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.
"Sword Active Risk has demonstrated GRC innovation in Risk Management for its new approach to User Interface and Experience. ARM Risk Express is designed specifically to replace the use of spreadsheets, with a much easier and more intuitive way for business users to manage risk. GRC 20/20 sees that Risk Express has the intuitive interface and user experience needed for enterprise wide adoption to every part of the business by engaging the business leaders themselves into the risk network,” said Michael Rasmussen, Chief GRC Pundit for GRC 20/20 and internationally recognized expert. “It is imperative that we recognize today’s successes as a milestone toward advancing GRC maturity. In achieving maturity, GRC is part of the organization’s strategy and operations and supported by a range of technology, knowledge and services – enabling the organization to achieve greater efficiency, effectiveness, and agility in GRC processes and broader business operations."
Keith Ricketts, VP of Marketing at Sword Active Risk, said: “We are delighted to have won this Industry Award for ARM Risk Express from GRC 20/20. Our aim has always been to help our customers to embrace the management of risk right across the enterprise. A lighter version of ARM aimed specifically at business users, enables them to access ARM from many network connected devices.
“We have already seen huge interest in Risk Express as it encourages business users away from using spreadsheets, saving time across the organization. Being recognized with the GRC Innovation Award is a further testament to our commitment to helping our customers to manage risk across the enterprise more effectively, enabling them to successfully mitigate risk and capitalize on opportunities.”
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.
Details of award recipients can be found on the GRC 20/20 blog at: http://www.grc2020.com/index.php/blog. Solution providers and GRC practitioners were evaluated in the following categories:
- Strategy, Performance & Objective Management
- IT GRC
- Third Party Management
- Policy & Training Management
- Issue Reporting & Management
- Quality Management
- Business Continuity
- Compliance Management
- Risk Management
- Automated Controls
- Internal Control Management
- Audit Management
- Enterprise GRC
- Legal Management