The new solution will help companies across all industries manage risk more efficiently and cost effectively. It will also provide a holistic approach to ERM and business process performance to enable managers to make well-informed decisions about business priorities and strategies.
SRA’s tools are a part of its overarching risk management framework called Modern ERM, which is based on a uniform definition of risk and a comprehensive and consistent risk architecture/taxonomy. In addition, SRA’s innovative new Annualized Loss Exceedence Curve (ALEC) method is the only risk modeling approach that can transform hard data, soft data, and expert opinion into risk metrics in an objective, transparent, and theoretically valid manner, and is applicable to market, credit, operational, insurance, and business/strategic risk.
SRA CEO Ali Samad-Khan added: “Modern ERM and ALEC together have the potential to transform risk management from a compliance exercise into a process that truly supports informed risk-based decision making.”
“For risk managers and business decision makers, this will provide a more reliable means of conducting risk analysis,” explained Lucio de Risi, CEO, MEGA. “Executives can be confident that they will make important business decisions based on accurate risk information.”
MEGA International provides software solutions for business process analysis, enterprise architecture, enterprise governance, risk and compliance, enterprise risk management, operational risk management, internal audit and compliance, and specialized consulting services. Based on the powerful MEGA Suite technology, MEGA solutions are used by more than 70,000 people worldwide. www.mega.com.
About Stamford Risk Analytics
SRA is a leading provider of ERM products and services. The firm offers a unique set of four software products designed to make implementing Modern ERM a practical reality. The firm also offers educational seminars and advisory and consulting services. More information about SRA is available at www.stamfordrisk.com.