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Atlanta, GA, 4/2/03 - Risk
Laboratories, LLC (RiskLabs) announces the release of the world's foremost integrated
Enterprise Risk Management (ERM) solution at the Risk and Insurance Management Society
show in Chicago, IL. This unique ERM solution combines the best in Enterprise Risk
Management with the best in Risk Management Information Systems- all at a price that
finally makes ERM feasible.
With RiskLabs, risk managers, finance department employees and internal auditors can be as
little as 8 weeks away from an ERM solution- one that will assure their board that they
have an understanding of their organization's risks and satisfy their requirements under
the SEC's Sarbanes-Oxley Act.Significance
of ERM
Russell McGuire, Director of Consulting for RiskLabs says, “Enterprise Risk
Management (ERM) is now a reality. Until now, organizations who wished to develop this
vital survival and growth initiative have not had the tools to bring together the
strategic view of the risks with the tactical requirements of a risk management
information system”.
The combination of a flexible risk mapping tool and the support of a web-based data
management system is the ideal combination of tools for the risk champion.
Mr. McGuire continues, saying, "With RiskLabs' ERM solution, risk mapping technology
is used to identify and track the strategic issues, while at the same time, a RMIS system
can be used to manage the tactical data. This holistic view results in significant
short-term and long-term benefits."
Timing is Everything
Due to the intense pressure produced by the recent corporate governance legislation,
together with the demands of executives who need to provide a risk structure that benefits
the organization through extensive benchmarking and consistent risk assessment and
control, the time is right for ERM, and with RiskLabs’ solution, Enterprise Risk
Management is no longer an academic fantasy, but a reality.
For additional information, contact: (Jennifer Michael, 678-784-4672, email:
jmichael@risklabs.com)
RiskLabs provides risk management information systems (RMIS) to corporations and public
entities. RiskLabs’ clients use these technology solutions to integrate risk-related
data, provide decision support and increase workflow efficiencies. RiskLabs creates these
technology-driven risk management solutions by leveraging our expertise in risk
management, data integration and flexible information system design.
The companies referenced herein are trademarks or
registered trademarks of their respective companies.
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