The Two Faces of Risk: Cultivating Risk Intelligence for Competitive Advantage

You needn’t be a seer or sage to perceive risk—it’s as predictable and devastating as a Florida hurricane and as far-reaching as a corporate scandal. But you do need to be a visionary to see the underside of the risk coin. This side represents opportunity, competitiveness, and growth. Find out why insight into managing two types of risk, rewarded and unrewarded, can help you explore opportunities for growth and profit.

Featured Software Research:

Selecting ERP for Oil and Gas Industry Contractors and Vendors

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Suppliers to the oil and gas industry are under more pressure than ever before to increase quality, collaborate closely with the customer, and take on more project risk. Learn how enterprise resource planning (ERP) helps engineers procure construction companies, equipment fabricators, and service providers to meet the new demands from oil and gas companies. Download this white paper to learn more. Read More

KLP Empowers the Front and Middle Office with Advanced Risk Analytics

  • Source: IBM
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In order for your business to thrive, you need to make good financial choices. Paying attention current risk is vital, but so too is preparing for possible risk through the use of modeling solutions. Once you have solid risk analytics software in place, accessing the data has to be easy, or else you’re not reaping the full potential rewards of modeling.

IBM provides refined, flexible cloud-based solutions that are able to support a wide array of customization options. This allows your business to develop a modeling solution specific to your organization’s needs, optimizing and making the performance of risk management tasks across the entire organization much less difficult. The ease of user adoption means that information gained from risk modeling via IBM’s Business Analytics software can be integrated into the day-to-day activities of your business. Cloud-based technology is also easier to run and use, demanding less IT hours.

Putting IBM’s easy-to-use and simple-to-understand analytic tools in the hands of anyone who needs them means decision making can become more strategic, allowing your team to reach objectives quickly and smoothly. In this case study, learn how IBM’s Business Analytics software can help your organization excel in their fields by identifying market trends, developing budgets according to real-time data results, determining possible problem areas to avoid or resolve, and read how IBM Business Analytics can help with compliance. Learn how scenario comparison and customer analytics can affect your business, and how to use them to your best advantage.  Read More

Wholesale Banking: Challenges in Automating Commercial Credit Risk Management

  • Source: IBM
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The challenges associated with commercial credit are complicated, but through automation, commercial credit risk management can be made straightforward and more efficient. IBM’s Business Analytics for commercial banking can help improve commercial lending operations, and, along with strong risk management practices and modernized operations, can create best practices for implementation and enhance overall operational effectiveness.

It’s essential that an automated system is transparent, helps with compliance, can serve multiple relationship types, and is able to use several criteria for risk assessment. A good system should take into consideration the complexities between customer, loan, and approval processes, and limit the need for multiple individual systems by way of a single user interface or tightly integrated systems.

In this white paper, read a detailed overview from IBM Business Analytics about the advantages and potential challenges of automation in five areas of interest, including complexity of the customer and credit granted, as well as continuous risk monitoring and how to improve overall relationship management. Get details on the management and analysis of commercial portfolios and related documents, business intelligence reporting, and defaults/recoveries management. Also provided is an extensive point-form information checklist, allowing you to self-check your own organization to determine what areas may need attention. Security issues for data protection are also addressed.

Creating infrastructure for your organization for best success begins with choosing the best technologies, and IBM Business Analytics can help, improving profitability and providing solutions that allow your business goals to be realized.  Read More

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From Burden to Benefit: Making the Most of Regulatory Risk Management

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The paradoxical view that regulation is both a blessing and a curse continues to be widely held among senior executives. While they recognize the need for protection in key areas, they are often frustrated by what they see as overly complex, unnecessary bureaucracy to achieve this goal. Find out how your company can meet increasingly difficult regulatory compliance challenges as it develops integrated business networks. Read More

10 Steps to Continuous Compliance: Putting in Place an Enterprise-wide Compliance Strategy

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Transforming Business Intelligence Into Business Performance Management: Competitive Advantage in the Information Economy

Companies invest in information technology (IT) because they believe it will maximize their performance. The more a company knows about its customers, markets, supply chains, and internal operations, the more effectively it can pursue growth and profitability while avoiding risk and regulatory exposure. Unifying disparate systems with business intelligence (BI) systems, however, is not enough. For companies to truly differentiate themselves, they need to transform BI into business performance management (BPM) systems to leverage information discovered by BI and use it externally. Read More
 
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