Addressing the Growing Need for Enterprise Risk Management
Enterprise Risk Management (ERM) is a structured entity-wide governance approach used to identify, quantify, respond to, and monitor the consequences of potential risks and opportunities. With the advent of SOX and increasing focus on regulatory and compliance requirements, organizations are more focused than ever on how to deploy and manage successful ERM programs.

As ERM requirements continue to grow in scope and complexity, organizations are finding themselves ill prepared to properly plan and effectively deploy resources. Fraud prevention, business continuity planning, information security, SAS 70 reporting, vendor management, and corporate policy management have all added to the workload companies are facing. Furthermore, many organizations are unable to institute an integrated approach to risk management, causing duplicative audits and reviews of similar people, processes, and controls. This disconnected approach causes increased compliance costs, continued business disruptions, and operational inefficiencies.

Today, Vital Insight is helping forward-thinking companies redefine how they approach risk management at an enterprise level. Our solutions provide an integrated approach to ERM, helping customers to plan, implement, monitor, and report on risks and controls using Governance Insight™ for ERM.

Governance Insight combines elements of risk and compliance programs using a single collaborative system. Built on industry best practices, our platform incorporates flexible frameworks, advanced business modeling, and an easy way to structure, automate, and measure risk management.

Using Governance Insight ERM, customers can:

• Lower compliance costs by up to 70% through best-in-class risk assessment capabilities
  
• Decrease regulatory compliance and exposure by integrating compliance activities, requirements, and documents into a single repository
  
• Significantly reduce risk exposure by implementing early warning signs that detect problems before they become compliance issues
  
• Deliver meaningful, on-demand status reporting and analysis
  
• Improve process adherence with governance programs that can be easily implemented across the enterprise