VALHALLA, N.Y., July 25, 2011 (GLOBE NEWSWIRE) -- A new report published by Aberdeen Group, a Harte-Hanks Company, reveals that top performing companies are making the critical link between risk and performance management through the emerging discipline of risk-adjusted performance measurement.
Entitled "Managing Enterprise Risks: An Executive's Guide to Reducing Corporate Liabilities and Costs," the study is authored by William Jan, Senior Research Analyst of Aberdeen's Financial Management & GRC practice. A complimentary copy of this $399 report is made available in part by Rev2 and other underwriters by visiting:
The report finds that top organizations are 2.5 times as likely as their peers to have automated role-based or task-based risk reports to see high-level risk information, and twice as likely as their competitors to have a complete and readily retrievable audit trail of records to support analysis, internal and external audits and documentation for reporting or investigation purposes. According to the report, top-performing companies experienced:
- A 23% reduction in risk value – the monetary equivalent of the combined risks – in the past two years.
- A 22% growth in new market revenue in the past 12 months.
Rev2: A Leader in the Risk Space
"It is evident that technology can facilitate the ERM process by automating risk identification, documentation, aggregation, assessments, quantitative techniques, risk monitoring, and reporting," writes Jan. "Having the right information delivered to the right decision-maker at the right time is critical to the successful mitigation of risk."
"A common complaint from executives is that the volumes of data and reports produced prevent them from seeing what is truly critical," he continues. "High-performing companies have an information technology platform capable of efficiently capturing, processing, and reporting all relevant information."
"Rev2's RiskView application is among this emerging class of tools that assist in simplifying the complex and overwhelming task of risk analysis," says Jan. "Designed for C-level executives, RiskView provides adaptable risk models and a visualization engine that displays risks as outliers on radar charts. RiskView collects information from data sources across all organizational silos, enabling the identification of concentrations of risk, the materiality scoring of each risk relative to all identified risks, and rapid what-if analysis."
About Aberdeen Group
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis.
Evan Birkhead
VP, Marketing Rev2
press@rev2.com
About Rev2
Rev2 is the leading provider of next-generation risk management solutions. Our RiskView® Risk Concentration Analysis framework identifies, compares and prioritizes vulnerabilities throughout the business. Rev2 offers tailored RiskView solutions for Service Providers, Manufacturers, Financial Services, Government organizations, and other Enterprises.
RiskView solutions enable our customers to identify the risks that represent the business's greatest vulnerabilities, and address these vulnerabilities before they impact the bottom line. This provides them with an unprecedented competitive advantage by helping them to maximize the realization of existing business opportunities. Our customers typically realize ROI within weeks.
Contact us today for a Proof of Concept tailored to your business: 400 Columbus Ave., Suite 240E, Valhalla, N.Y. 10595, 914.614.8600. http://rev2.com, info@rev2.com.
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The following files are available for download:
| wkr0001.pdf |