Thomson Reuters announced several enhancements to its Accelus Risk Manager, which enables organizations to strengthen their enterprise risk management.
The new capabilities include: fully integrated sensitivity and stress-testing capabilities in the quantification module, advanced visualization facilitating the creation of interactive graphs and maps, and a new powerful search functionality for comprehensive analysis of risk cause and effects.
“These substantial new features reflect how Thomson Reuters Accelus Risk Manager teams are connecting our technologies together to help drive risk management excellence in partnership with our users,” stated Chris Perry, managing director of risk at Thomson Reuters. “Conversations with our clients, in one-to-one visits as well as in our user groups, have driven these developments together with the richness of Thomson Reuters expertise in the market.”
With Accelus Risk Manager, organizations can establish a framework for operational risk and enterprise risk management based on their risk appetite, as well as actively manage risk across the business. The solution captures information like incidents, indicators, assessment responses within the new user interface, which enhances reporting and risk intelligence analysis.
“The enhancements form part of Thomson Reuters ongoing program of investment in our Accelus governance, risk and compliance platform,” Perry stated. “Further work is ongoing to Accelus Risk Manager, including continued user interface development. We continue to develop our offerings to meet and help future-proof our clients’ evolving regulatory and operational requirements, including ongoing developments in regulatory obligation including conduct, ORSA and Solvency II, emerging risks, and demands for improved governance.”
Thomson Reuters Accelus Risk Manager was also recently awarded the Operational Risk Software Provider of the Year Award in the Operational Risk and Regulation Awards for 2014.