It is clear that operational risk management (ORM) software solutions have become increasingly critical to organisations faced with a growing list of regulatory and operational demands. Furthermore, such solutions can also play a key role in enabling better business performance and capital allocation.
As defined by Gartner, operational risks refer to those risks that ‘relate to the uncertainty of daily tactical business activities, as well as risk events resulting from inadequate or failed internal processes, people or systems, or from external events.’
ORM software solutions therefore allow organisations to aggregate and normalise data from multiple data sources, including operational and financial systems, as well as from external sources such as regulatory alerts and loss event databases. This provides a richer understanding of the risks to business objectives and enables better business performance and capital allocation.
Furthermore, ORM solutions also help companies address the increasing pressure from regulators to improve the risk reporting in annual reports, and to improve the board of directors’ role in enterprise-wide risk oversight. ORM solutions usually include functions for risk analytics, as well as risk indicators to support decision making.
Gartner, a research and advisory firm, evaluates organisations globally (within a particular sector or industry) and recommends top organisations through an annual Magic Quadrant Report. CURA Software is pleased to be featured in the recent Gartner Magic Quadrant for ORM Solutions.
“We are thrilled to have been ranked by Gartner at the top of the ‘Niche Players’ quadrant, as this recognises the fact that our company demonstrates both a completeness of vision – in terms of market direction, innovation and customer needs – and an ability to execute through efficient processes, systems, methods and procedures,” says Alex Roberts.
CURA Software offers Governance, Risk, Compliance and Risk-based Audit software solutions that provide a clear picture of risk across the organisation and lead to better decision making and risk management, by enhancing visibility into those activities and making information more easily consumed and actioned. Its recognition by Gartner is further evidence of its innovative approach to helping organisations to manage and enhance their GRC activities across their entire enterprise.
“Risk can be viewed as an asset, since when it is correctly anticipated, handled and mitigated, it can drive business performance and improve a company’s growth. CURA’s roots can be found in certified standards for business management like ISO, COSO, COBIT, HIPPA, SOX, KING, and BASEL. This makes it a reliable and trusted brand for those companies seeking to improve their data quality and meet national and international compliance and regulatory requirements,” Kevin Holtzhausen concludes.
To access a complimentary copy of the report, please click here.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Note to editors:
Cura Software is a leading provider of Governance, Risk, Compliance and Risk-based Audit software solutions, implemented across more than 250 enterprise customers globally. These solutions offer a clear picture of risk across the organisation which leads to better decision making and risk management. Cura enhances visibility into business activities and allows for information to be easily consumed and actioned, enabling better business performance and managing the uncertainty of risk.
For more information click here: https://curasoftware.com
Press Release Issued by Condriac PR On behalf of: CURA Software Solutions.
