KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, today announces that it has released Objectives and Initiatives functionality in the Enterprise Risk Cockpit.
Objectives will allow customers to set out what they are looking to achieve on a short-term (monthly or quarterly) or longer-term (annual) basis and define the key risks to the achievement of each objective. Complementary to this, Initiatives will allow firms to manage organisational change and change-related risks as part of their overall risk management framework.
Risk management has become increasingly complex and costly for capital markets companies, leading firms to consider how their investment is delivering business value and making their firm more competitive. This link between business objectives and risk is a key consideration of enterprise risk management and is core to the updated COSO Enterprise Risk Management – Integrated Framework 2017 standard, and strongly supported within the ISO 31000 Risk Management Standard.
Andrew Smart, Head of Enterprise Risk, commented: “The addition of Objectives and Initiatives is an important milestone in the development of the Enterprise Risk Cockpit. Many customers are looking to the emerging management approaches of Objective Centric ERM and Risk-Based Performance Management to utilise risk management as an enabler for the delivery of business results, rather than an exercise in ticking regulatory boxes.”
For further information please contact:
Carla Leighton, Head of Marketing
via Greentarget – email@example.com
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KRM22 is a public Group listed on AIM and headquartered in London, with offices in several of the world’s major financial centres.