Enterprise Risk Management

Management of Enterprise Risk Requires Powerful Business Intelligence

There has been a growing interest in enterprise risk management in recent years. Heavily publicized cases such as Enron, stringent regulatory requirements like Sarbanes-Oxley and BASEL II, and industry-wide initiatives have all worked to make enterprises much more aware of the need for and benefits of risk management. The principle tasks — identifying key indicators and measuring/reporting against them — are made far easier with the use of a superior business intelligence system that can consolidate data throughout the enterprise, allowing management to monitor key risk indicators through scorecarding, dashboards and other reporting vehicles. For a powerful business intelligence solution, companies the world over have relied on IBM for more than 25 years.

IBM Solutions Drive Enterprise Risk Management Initiatives

Founded in 1969, IBM today has built a customer base of 23,000 companies around the world with an integrated solution for business intelligence and enterprise performance planning. Companies in every industry can use IBM solutions to support risk management initiatives with superior business intelligence tools. IBM Cognos software supports a variety of user requirements — including operational reports, management reports, dashboards, scorecards, alerts and notifications. And IBM provides the kind of integration of data, tools and reporting that allows management to better understand how risk in one part of the enterprise may cause ripple effects through other areas and jeopardize the company as a whole.

Quality Reporting Simplifies Enterprise Risk Management

In order to mitigate risk in the enterprise, management must first be able to measure and monitor it. Robust reporting can aid this effort tremendously, and IBM provides superior reporting functionality. Unlike many reporting solutions that are source-dependent, IBM is data agnostic and can consolidate data from multiple sources, include relational databases, ERP and SAP systems, XML, flat files like Excel or Access, and many more. Once data is aggregated, IBM provides an easy-to-use intuitive interface to that allows users to view data from many angles, drilling down to extraordinary detail or pulling back for a summary view. Scorecarding applications give the enterprise a clear picture of metrics involved in key indicators, and make risk management oversight efficient and potent.

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