The ERM Current™

A recent article in Treasury & Risk Magazine highlights the fact that technology spending will certainly be impacted by the current financial crisis.  The article suggests that large-scale enterprise resource planning (“ERP”) software implementations will most likely take a back seat to implementations of risk management related software products.  Here is an excerpt from the article.

Likely to fare better in the financial services meltdown is enterprise risk management (ERM) software, the tools many say could have mitigated the global credit collapse. “Never before has there been such a need for prudent financial risk management,” said Carol Beaumier, executive vice president with software provider Protiviti Inc. “Even the strongest of companies will find themselves subject to increased market pressures and regulatory scrutiny.”

With investment dollars limited due to the tightening of corporate budgets, strong business cases must be made to reap the maximum benefits of any ERM related software implementation.   Wheelhouse Advisors provides cost-effective services to build a solid business case as well as evaluate, select and implement the appropriate ERM software solutions to achieve optimal results for your organization.  Visit www.WheelhouseAdvisors.com to learn more.

When you think of a swamp, what comes to mind?  Murky, squishy, and difficult to find your way through? Well, the same can be said for today’s Governance, Risk & Compliance (“GRC”) software marketplace.  There are many vendors crowding the market with all sorts of products that address various components of GRC. However, it is extremely difficult for companies to determine what software may be best suited for their processes and environment.  That’s because the software market and the products themselves are evolving continuously.  

Wheelhouse Advisors can help you determine not only your requirements, but also the solutions that are best suited for your company.  It starts with gaining a solid understanding of your GRC process design and overall vision for the desired end state.  With that in hand, Wheelhouse Advisors can then work to help you successfully navigate through the swamp to find a software product that will enable your program to reach its fullest potential.  

Visit www.WheelhouseAdvisors.com to learn more about how we can help your company Navigate Successfully™.