KRM22 plc, (AIM: KRM:L) the technology and software investment company with a particular focus on risk management in capital markets, has announced the launch of the Enterprise Risk Cockpit, its real-time enterprise risk management application for capital markets firms.
The Enterprise Risk Cockpit allows firms to eliminate cumbersome spreadsheets, improving data accuracy and provides actionable insights on enterprise risk.
Enterprise risk management typically requires high manual processing, making it challenging for firms to obtain a clear real-time view of events and their impact. By automating these time-consuming activities firms can gain actionable insights on risk, allowing better informed decision making.
KRM22 is launching the Enterprise Risk Cockpit with 3 license options: Team, Business, and Enterprise. Notably, the Team option provides 12 months’ free access to the Enterprise Risk Cockpit for teams of up to 22 users, allowing firms to trial the product without financial commitment.
Andrew Smart, Head of Enterprise Risk Management at KRM22, comments, “The Risk Cockpit will enable firms to identify the most strategically important risks and risk scenarios, and to manage those in real-time, generating insights for risk-based decision making. Unlike spreadsheet-based risk registers, the Risk Cockpit is designed to be data- and event-driven, with modern user experience and powerful analytics capabilities designed to support decision making across all lines of defense.”
Keith Todd, CEO at KRM22 comments, “The feedback we have had during the testing phase of the Enterprise Risk Cockpit has been very positive and we are excited to officially bring it to the marketplace. This launch also marks an important milestone for KRM22 as it is the first of our applications which will be delivered through our Global Risk Platform.”