Matt Kunkel, President of LogicGate, in his decade long experience implementing web-based solutions for fraud investigations, forensic accounting issues, and compliance and regulatory issues, has experienced the ever-changing nature of risks in business environment. “Organizations which traditionally weren’t involved in the risk identification and mitigation process are now being pulled into it,” expresses Kunkel. “Enterprise Risk Management (ERM) is becoming a much larger effort in most organizations.” He also notes that CIOs find it challenging to balance data security practices with data accessibility and analytics, along with their growing need for business agility. This is where LogicGate helps CIOs in minimizing the impact on the business by embedding risk activities into employee’s business processes. “We provide our clients with an agile platform and framework that evolves with the business to effectively manage the changing risk landscape,” extols Kunkel.

Kunkel and his team have developed the LogicGate platform to effectively manage the entire ERM lifecycle, from organizational risk identification to its review. It is an enterprise application creation platform that empowers business owners to customize and deploy Governance, Risk Management, and Compliance (GRC) solutions that connect people, process, and data across an organization—without needing to write a single line of code. Kunkel emphasizes that LogicGate ERM suite can be effective for several industries, be it government, retail, hospitality, or healthcare.

In one instance, LogicGate was helping a large organization with a risk management program that was disjointed due to lack of a central risk repository. Although the client had a framework in place, they were using e-mails, spreadsheets, and file shares to track, approve, and route the work of various departments. It made their process extremely inefficient and cumbersome for their internal ERM team.

“The transition to LogicGate’s ERM suite took less than one week,” states Kunkel. The ERM solution collected information from different stakeholders across the organization and relied on processes and workflow to review and remediate risks.