For years, business leaders have viewed risk management as an over-complicated, spreadsheet-centric compliance process that doesn’t help their organizations get ahead. Anytime anyone brought up the words ‘risk management’, it conjured thoughts of invasive compliance audits that burned overhead time and money, and distracted the organization from its strategy. However, industry leaders and top-tier consulting firms have begun to acknowledge an alternative perspective – Enterprise Risk Management (ERM).

 

Different from Governance, Risk & Compliance (GRC), ERM done properly is a driver of strategic value, competitive advantage and business growth. Unfortunately, due to the corporate and accounting scandals of the late 1990s, risk management has become synonymous with Sarbanes-Oxley, which had the unintended consequence of adding tremendous complexity. To help organizations deal with this complexity, an entire industry of GRC vendors entered the market to exclusively focus on monitoring compliance, which by itself is not risk manageme

 

At Active Risk, we help our customers win by making risk management valuable – and less complex. By focusing on six core steps of Enterprise Risk Management, the Active Risk approach ensures that, business leaders have actionable data to make informed business decisions and capture strategic value within their organization.

 

 

While many other software solutions address some of these steps, Active Risk Manager (ARM) is the first and only solution to address all six steps of the risk management process. ARM is the only solution that simplifies the identification and analysis of all risks, at every level, in an organization so executives have a truly accurate view. An accurate, complete view of all risk is critical to the strategic decision making process, enabling business leaders to address challenges, identify opportunities and stay one step ahead of the competition.

Introduction to Active Risk Manager

Active Risk (formerly Strategic Thought Group) believes that the active management of risk and opportunity should become a core process...

The Confidence-based Approach to Risk-Reward Management

Risk management is often seen as focusing just on the downside. However with Active Risk Manager (ARM) your organization can identify and manage the opportunities...

Ten Steps to Better Informed Strategic Decision Making

Strategic business decisions are often made with incomplete information about the true picture of risk and opportunity...

Why a Spreadsheet Approach Can No Longer Meet Today’s Growing Risk Management Needs

An enterprise-wide or in-depth project approach to risk and opportunity management can make a real difference...