Riskonnect | Top 20 Enterprise Risk Management Solution Company - 2017
Riskonnect: Visualize Risk. Improve Decisions
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CIOREVIEW >> Enterprise Risk Management >> Riskonnect

Riskonnect has been recognized by CIOReview Magazine as the recipient of “Top 20 Enterprise Risk Management Solution Companies - 2017,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Quin J. Rodriguez, VP, Strategic Marketing.

Riskonnect
Visualize Risk. Improve Decisions

Riskonnect

Quin J. Rodriguez, VP, Strategic Marketing
Technology has supported organizations in their quest to diversify into multiple business units that spread across different geographies. However, this has also led to a new breed of threats—both strategic and tactical. The classic approach to addressing these risks in fragments (a particular business or a system) proves to be costly and time-consuming as the legacy platforms carry technological debts like different versions, codes, and databases. Challenging the primitive, fragmented risk landscape, Riskonnect offers game-changing integrated risk management solutions that bring together all areas of risk effectively and efficiently, reduces costs, and enables insights that are unobtainable by the legacy systems.

Riskonnect’s solutions surface the relevant risk information— from wherever it is hiding in the organization—analyze it, connect it with other internal and external data, and normalize it securely in the cloud. Later, the solutions create a meaningful visualization of this data to offer critical insight into all the strategic and operational risks across the organization and what is being done to manage these risks to align with the risk tolerance of the organization. "Our integrated risk management approach enables organizations to see the big picture and make informed, strategic decisions by tracking, analyzing, connecting, and mitigating risk throughout the entire organization,” remarks Quin J. Rodriguez, VP, Strategic Marketing, Riskonnect.

Riskonnect also allows organizations to plan for and respond intelligently to online risks accompanied by social media and pocket technology. “Everybody is a journalist now. Organizations are fighting against new risks related to bad publicity on social media,” says Rodriguez. As online negative feedbacks and ratings can affect the corporate reputation, Riskonnect provides a clear view of these online risks for quick mitigation and eases the pressure on the senior management.

Also, managing compliance and regulations in silos can result in confusion, inefficiency, duplication of efforts/remedial actions within one organization leading to wasted resources, employee time, and budget allocations. Riskonnect embeds a risk management culture and risk awareness throughout the organization while optimizing internal controls and improving compliance.

Our integrated risk management approach enables organizations to see the big picture and make informed, strategic decisions by tracking, analyzing, connecting, and mitigating risk throughout the entire organization


This clear visual of the interconnectedness of the risks allows Riskonnect’s clients to build a more strategic and opportunistic business decisions—making businesses better, faster, and stronger in a cost effective way.

One of the clients that Riskonnect helped was a Fortune 200 diversified outsourcing services provider trying to determine a single source of truth that previously depended on emails, manual data aggregation, and normalization. The client’s challenges identifying the most current and accurate individual control assessment status for lines of business and locations, while managing 800+ key SOX controls with no master matrix, resulted in a team of four spending up to 500 hours a year, just attempting to track status. With Riskonnect’s solution for Controls Management, SOX, compliance, internal audit, diverse supplier compliance, and inventory management, the client drastically reduced external support, performed flexible control testing, and saved over $2 million in annual costs.

As a firm believer in continual improvement and growth of organizations, Riskonnect is improving and enhancing their solutions to help clients manage a broader risk spectrum. Leveraging latest innovations and the recent Thoma Bravo (a private equity and growth capital firm) acquisition, Riskonnect continues to drive organizations in being quicker, faster, and more agile in handling business risks. “Organizations need a greater understanding of the speed with which the threats are evolving, and we empower them to not only keep pace with the threats but also tackle them with an upstream strategy,” Rodriguez concludes.

Riskonnect

News

Riskonnect Partners with LineSlip to Streamline Insurance Program Management

Friday, October 21, 2022

ATLANTA - Riskonnect, the leader in integrated risk management (IRM) solutions, today announced a new partnership with LineSlip Solutions, the leader in insurance technology for extracting and managing insurance program data. LineSlip’s AI technology is now integrated directly into Riskonnect’s Risk Management Information System (RMIS) solution, enabling customers to significantly streamline and automate insurance program management.

LineSlip reads, extracts, and organizes key policy information without manual keying. Insurance program data is ingested into Riskonnect automatically, allowing customers to take a strategic approach to insurance management and get even more value out of the Riskonnect platform.

“Insurance program management is a critical component of an organization’s risk operations, but it is often riddled with burdensome manual work and paper-based processes,” said Kathryn Carlson, senior vice president of product management at Riskonnect. “Our partnership with LineSlip addresses this pain point with the automatic ingestion of insurance program data into the Riskonnect platform. Our customers now have access to critical insurance intelligence in real time and at their fingertips, enabling strategic insurance program management.”

LineSlip converts key insurance program documents into data-rich insurance intelligence dashboards. Risk managers gain one-click access to a 30,000-foot view of their program information, including coverages, rates, premiums, carrier details, and more. The automatic extraction of insurance document data eliminates tedious, paper-based processes, which streamlines program management and delivers faster reporting, clearer stakeholder communication, fewer errors, and more capacity for risk managers to take on strategic leadership initiatives.

“We’re thrilled to partner with Riskonnect and provide more organizations with easy access to their insurance program data,” said Leo Bernstein, CEO of LineSlip Solutions. “Risk professionals are earning a seat at the table and are increasingly looked upon to help guide their organizations. The ability to quickly tap into insurance intelligence and make informed and confident decisions is critical to this strategic leadership. Our alliance with Riskonnect enables this level of visibility and agility.”

Riskonnect Named as One of the UK’s Best Workplaces in Tech™ for Second Consecutive Year

Monday, October 09, 2023

LONDON: Riskonnect , the leader in integrated risk management (IRM) solutions, today announced its naming to the 2023 UK Best Workplaces in Tech™ list by Great Place to Work® UK for the second consecutive year. The recognition is based on employee feedback to over 60 survey questions on the organisation’s commitment to building an outstanding workplace. Riskonnect was recognised in the ‘Large and Super Large’ size category.

This honour follows Riskonnect’s certification earlier this year as a Great Place to Work® in the United Kingdom for the second year in a row.

“Each and every one of our employees plays an important role in helping Riskonnect innovate, support its customers, and drive their success in transforming risk management. Creating an environment that empowers our team members and enables them to reach their full potential is foundational to everything that we do,” said Riskonnect’s Chief Human Resources Officer Kevin Crow. “We’re thrilled to receive this workplace recognition again as it’s a strong testament to the invigorating, inspiring, and collaborative culture we’ve built.”

Now in its sixth year, the Best Workplaces in Tech™️ list celebrates companies adept at developing dynamic, collaborative cultures that serve as a catalyst for innovation and personal growth for all.

“The Best Workplaces in Tech™️ list is created using the anonymous feedback collected from employees within the technology industry about their workplace experience,” said Managing Director of Great Place To Work® UK Benedict Gautrey. “In one of the country’s fastest-growing industries, it’s fantastic to see these Tech organisations putting their people strategy at the heart of the business and implementing policies, practices, and programmes that sustain an impactful and consistently great employee experience for all. A huge congratulations to Riskonnect for making one of our most prestigious lists.”

Riskonnect Certified™ as a Great Place to Work® in the UK for Third Consecutive Year

Friday, May 03, 2024

Leading integrated risk management technology provider’s continued commitment to enhancing workplace culture recognised by Great Place to Work® UK

LONDON -
Riskonnect, announced it earned the Great Place to Work® Certification™ in the UK for the third consecutive year. Riskonnect was recognised for its inclusive, rewarding, and people-centric workplace environment.

This achievement is a result of positive feedback from Riskonnect’s employees on the Great Place to Work Trust Index™ survey, which measures employees’ experience, satisfaction, and engagement.

“We are consistently working to enhance the employee experience at Riskonnect and fostering an inclusive work environment is at the forefront of this effort,” said Chief Human Resources Officer Kevin Crow. “Once again receiving top marks on the Great Place to Work Trust Index™ and earning the Great Place to Work® Certification™ is an exciting accomplishment and a testament to the hard work everyone at Riskonnect puts in to ensure employees feel supported, welcomed, and empowered to reach their true potential.”

This achievement follows Riskonnect’s inclusion on Great Place to Work® UK’s 2024 Best Workplaces™ and 2023 Best Workplaces in Tech™ lists. The provider has also earned recognition as a Best and Brightest Company to Work For® by the U.S. National Association for Business Resources in Atlanta and Chicago for five consecutive years.

The Great Place to Work® Certification™ is awarded to organisations with more than 10 employees who receive an overall Trust Index™ result of 65% or higher.

Top 20 Enterprise Risk Management Solution Companies - 2017

Company
Riskonnect

Headquarters
Kennesaw, GA

Management
Quin J. Rodriguez, VP, Strategic Marketing

Description
Offers a unified risk mitigation platform that provides a single point of access to review, analyze, and report on data for global organizations

Top 20 Enterprise Risk Management Solution Companies - 2017

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