Press Release: February 23, 2010
The new release provides a set of advanced capabilities which address external compliance requirements, such as Sarbanes-Oxley, and internal enterprise-wide control frameworks for health and safety, IT, human resources and quality management. It further allows the tracking and management of controls relating to operations, performance and risk.
ARM now integrates controls related to external and internal compliance programmes with a single performance-driven risk management process. It replaces the need for inefficient and expensive specialized financial and operational controls management solutions. With ARM, financial compliance activities and reporting are consolidated as part of the wider management framework.
ARMs re-engineered, easier-to-use interface is configurable for the needs of different user communities providing the view appropriate for each level of the organization. This gives ARM customers and their partners the ability to measure compliance statuses and issues in a simple and consistent way. ARM helps embed a risk- and opportunity-aware culture throughout the business and increase individual accountability.
Mark Brown, Director of ERM Strategy at Strategic Thought commented, ARM has led the way in providing robust, performance-driven, enterprise-wide risk management software. We have now brought into ARM the ability to manage very specialized compliance and management controls requirements within a single ERM framework. This provides customers with even greater benefit from their risk management investment and supports the ARM philosophy of driving risk and controls management from a performance and economic perspective. Using ARM will reduce the cost of controls management and help identify better investment options around the financing of IT, financial, health & safety, HR, and quality management processes.
ARM maps the complex relationships between elements and enables the effective management of the associated costs and business risks of failing to comply or meet the required standards by focusing on the risk/reward trade-off from an economic perspective.
Brown added, ARM underpins a viable long-term strategy to meet multiple regulatory, legal and audit requirements with a single enterprise-wide system. Customers can also sunset their stand-alone specialist controls management products. ARM will deliver cost savings, better management information and enhanced communication and collaboration on key performance targets. ARM turns what is often seen as a cost of doing business into a system which can drive improved business performance.
Active Risk Manager from Strategic Thought Group plc
Strategic Thought Group plc (AIM:STR) addresses enterprise-wide risk management (ERM) requirements with advanced software and services that can be implemented across organizations in all industry sectors.
Active Risk Manager (ARM), is the worlds most widely deployed and the only truly comprehensive web-based ERM solution available today. ARM enables the identification, communication, analysis and mitigation of risks and opportunities available in both quantitative and qualitative formats. It covers project and portfolio risk, supply chain risk management, business continuity, reputational risk, health and safety, governance, compliance risks and more.
ARM is used by major organizations around the globe including USAF, EADS, British Nuclear Group, Rio Tinto, Lockheed Martin, Nestle, NASA, London Underground, Raytheon and SABIC.
Strategic Thought Group, founded in 1987, is headquartered in the UK and its US operation, Strategic Thought Inc is based in Washington DC.
For further information and a detailed view of Strategic Thought's products and services visit www.strategicthought.com or call +44 (0)1628 582500 (EMEA) or +1 703 673 9580 (Americas).
Mary Phillips/Andreina West
PR Artistry Limited
T: +44 (0)1491 639500