Risk management software maker KRM22 PLC (LON:KRM) has launched Enterprise Risk Cockpit – a real-time enterprise risk management application for capital markets companies.
The Enterprise Risk Cockpit will allow firms to eliminate cumbersome spreadsheets, improve data accuracy and gain actionable insights on Enterprise risk.
Enterprise risk management typically requires lots of manual data input, making it challenging for firms to obtain a clear real-time view of events and their impact.
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By automating these time-consuming activities, companies have more time to manage and mitigate risks rather than just simply reporting on them.
“The Enterprise Risk Cockpit will help firms address the critical challenge of having accurate and up-to-date information on their risk profile easily accessible at any given time,” said chief executive Keith Todd.
“The feedback we have had during the testing phase of the new application has been very positive and we are excited to officially bring it to the marketplace.
He added: “This launch also marks an important milestone for KRM22 as it is the first of our applications which will be provided through our Global Risk Platform, delivering on our promise to investors.”
KRM22 shares were unchanged at 94p on Monday morning.