Hitec Laboratories, a leading provider of Governance, Risk and Compliance (GRC) and Enterprise Content Management (ECM) software solutions announce The Hanley Building Society are one of a growing number of Building Societies implementing their Enterprise Risk Management solution, Ten Risk Manager, to add structure and enhanced productivity to their Risk Register.
The Hanley Building Society, a long standing user of Hitec's ECM solution, DataStore32, wanted to deploy a solution that provided the necessary functionality demanded by a regulated environment.
The Hanley Building Society's Risk Register was previously based on spread-sheets, which are notoriously difficult to maintain and report on; and they lack consistency. The Hanley wanted the ability to expand their Risk Register to a more granular level, whilst making it easier to manage.
The proactive prompting for Risk owners and the Dashboard charting and Reporting were key functionalities of Ten Risk Manager that The Hanley felt met their key criteria.
Steven Jones, Deputy Chief Executive & Finance Director, The Hanley Building Society comments: "Embedding risk throughout the Society requires a flexible and user-friendly solution ensuring key risk data and trends are readily accessible to all. Ten Risk Manager was our natural choice."
Les Richardson of Hitec said: "Risk Managers have grappled with spread-sheets and other silos of risk information scattered across the enterprise for years, and as a result have found it difficult to easily present a consistent shared view, which is what is required to ensure Good Governance and well informed decision making.
Ten Risk Manager addresses this by providing multi-user web access enabling Users to update, manage and view risk information in real time, as well as enabling visibility of control effectiveness."