MEGA,
an innovator in GRC
solutions, and Stamford Risk Analytics (SRA), a leading enterprise
risk management (ERM) solutions provider, are partnering to integrate
SRA’s new risk measurement/management solutions into the MEGA
Suite. This combined risk management toolset will be the only
comprehensive, integrated ERM/ORM/GRC solution in the risk management
space.
The new solution will help companies across all industries manage risk
more efficiently and cost effectively. It will also provide a holistic
approach to ERM and business process performance to enable managers to
make well-informed decisions about business priorities and strategies.
SRA’s tools are a part of its overarching risk management framework
called Modern ERM, which is based on a uniform definition of risk and a
comprehensive and consistent risk architecture/taxonomy. In addition,
SRA’s innovative new Annualized Loss Exceedence Curve (ALEC) method is
the only risk modeling approach that can transform hard data, soft data,
and expert opinion into risk metrics in an objective, transparent, and
theoretically valid manner, and is applicable to market, credit,
operational, insurance, and business/strategic risk.
SRA CEO Ali Samad-Khan added: “Modern ERM and ALEC together have the
potential to transform risk management from a compliance exercise into a
process that truly supports informed risk-based decision making.”
“For risk managers and business decision makers, this will provide a
more reliable means of conducting risk analysis,” explained Lucio de
Risi, CEO, MEGA. “Executives can be confident that they will make
important business decisions based on accurate risk information.”
About MEGA
MEGA International provides software solutions for business process
analysis, enterprise architecture, enterprise governance, risk and
compliance, enterprise risk management, operational risk management,
internal audit and compliance, and specialized consulting services.
Based on the powerful MEGA Suite technology, MEGA solutions are used by
more than 70,000 people worldwide. www.mega.com.
About Stamford Risk Analytics
SRA is a leading provider of ERM products and services. The firm offers
a unique set of four software products designed to make implementing
Modern ERM a practical reality. The firm also offers educational
seminars and advisory and consulting services. More information about
SRA is available at www.stamfordrisk.com.
MEGA International
Sue Myers, 781-784-7684
sue.myers at
marketsmartnow dot com