Tag Archives: Enterprise Management

A Case Study on Enterprise Risk Management: Allstate Inc.

In 2000, The Allstate Corporation started on an exciting and uncharted new course: to become an early insurance industry adopter of enterprise risk management (ERM). It has been a complex journey that has helped provide a deeper insight into the company’s underlying risk profile, enhanced the way Allstate manages risk in several significant ways and helped generate actions to better exploit risk opportunities.

The company’s initial effort began some years earlier at the direction of then-CFO, Tom Wilson, who established new capital allocation and valuation models for use in the finance function. Later, as Wilson moved into an operating role, John Carl joined Allstate as CFO and asked his staff what the company’s risk-adjusted returns were. A series of conversations resulted in a decision to explore developing a more quantitatively rigorous approach to measuring risk, similar to what was practiced in the oil and gas industry. Click here to read more…

Register to mark your Comments

Case Study on Murray & Roberts Holdings Ltd

The Murray & Roberts enterprise risk management process is governed by the group risk framework which is adopted by all operating company boards and executive committees. The process is applied in all areas of potential exposure to risk, including acquisitions, capital expenditure, project management, health, safety & environment management and brand integrity. Risk assessments are conducted biannually at group level, to support interim and year-end financial reporting, annually at operational level as part of the three year business planning process, and at a project level as part of bid preparation and project implementation. Read more..

[youtube http://www.youtube.com/watch?v=95w7TfaOv0g&w=480&h=360]

Register to mark your Comments

Case Study Akili Enterprise Performance Management

Akili provides world class information management solutions to business enterprises. Whether the need relates to business intelligence or enterprise performance management our core belief is that information becomes actionable only when presented in its proper context. You need accurate information, presented to the right people, in the appropriate context. Click here to read more…

Register to mark your Comments

Advanced Processing and Imaging Case Study

Advanced Processing & Imaging, Inc., are experts in document and enterprise content management solutions and creators of OptiView, OptiSpool™, OptiWorkFlow, AgendaMaker™ and more. API takes a tremendous amount of pride in being a technological leader of cutting edge document and enterprise content management solutions.

Advanced Processing & Imaging Case Study

API’s strength lies in the integration capability of the solutions – there is no reprogramming of the customer’s existing application software and no disruption to existing databases. There isn’t even a need for any interfaces. This truly unique technology allows API to supersede others in the industry in terms of ease of integration to other systems including ERP, CRM and other mission-critical functions. Click here to read more…

Register to mark your Comments

Case Study on Oracle Enterprise Product Lifecycle Management

Study about Oracle Enterprise Product Lifecycle Management

A common problem for businesses today is that product development and commercialization processes are disjointed and inefficient. Crossfunctional collaboration is rare. Different divisions and supply chain partners use their own systems, processes and ways of handling product data, making it hard to share information and collaborate effectively. Any weak points in the value chain will cause problems and delays – and in fast-moving industries, those problems and delays can be fatal for business.

To thrive in these conditions, product businesses need to be efficient, agile and innovative while ensuring quality, traceability and safety. Delays in bringing new products to market have a severe business impact. Failures to comply with industry standards damage reputations and incur expensive fines, rework and write-offs. Time and money spent on innovation is wasted when someone else gets to market first. Keep reading…

Case Study on Amlin Embeds Risk Management Processes

Case Study about Amlin Embeds Risk Management Processes

Communication and Visibility of Risk Across The Organization: Amlin required a technology solution for its enterprise risk management process that would further enable it to effi ciently and effectively embed risk across the organization. An additional consideration was compliance with Solvency II, the European regulatory capital regime for the insurance industry Risk Manager

Embedding Risk Management: Amlin chose Active Risk Manager from Active Risk as its enterprise risk management solution because it provided Amlin with top-down and cross organisational views of risks and opportunities. Using a single system supports the operational needs of the business, enabling risk managers to see the information that is relevant to them.

Click here to read more on Amlin Embeds Risk Management Processes

Case Study on Enterprise Risk Management: Raytheon

The Challenge: With a history of innovation spanning 90 years, Raytheon provides state-of-theart electronics, mission systems integration and other capabilities in the areas of sensing, effects, command, control, communications and intelligence systems, as well as a broad range of mission support services. Prior to implementing an Enterprise Risk Management (ERM) program, Raytheon had insufficient understanding of how risk affected its projects. The culture at Raytheon was reactive and not truly risk-aware.

The focus was on fixing problems and putting out fires, rather than a proactive approach of identifying and preventing problems before they occurred. Raytheon’s brightest thinkers were engaged almost exclusively with their daily tasks of technical scope, rarely able to raise their heads to look at the big picture or gain visibility of the risk landscape…
Click here to read more on Enterprise Risk Management: Raytheon

Case Study on CAS Severn

Introduction: CAS Severn, based in Laurel, Maryland, has been working for more than 30 years helping companies, government agencies and education sector customers maximize their IT investments by providing end-to-end technology solutions, as well as IT consulting, infrastructure optimization, enterprise process and content management, and operational support.

Challenge: CAS Severn developed an in-house Java development framework that has been used for many years. Although the framework is powerful, mature, fast, well-built and used successfully in many client applications, there is inconsistent documentation thus, making it difficult to learn.“Our in-house framework is hard to learn for a non experienced Java developer like our legacy iSeries developers,” says Herbert Bäuerle, Software Developer, CAS Severn. Click here to read more…

Case Study for Document and Records Management

Business Need: The client’s research and analytics division of the Finance & Securities group publishes around 8,000 reports for US, Europe, and Asia. The client currently uses a combination of manual and semi-automated document management workflow to publish financial, research and intra-day reports to their customers in English and Japanese. Client identified that an automated document and record management can address their current challenges.

Solution: On understanding the client’s business challenges and requirements, CIGNEX Datamatics recommended the adoption of Alfresco ECM (Enterprise Content Management). The client chose Alfresco 3.1.1 as its preferred ECM solution based on the out of box functionality and the vastly reduced TCO offered by Alfresco with CIGNEX Datamatics, a platinum partner and author of four books on Alfresco, as the system integration partner.
View further information on Document and Records Management

Register to mark your Comments

Link Between Decision-Making and ERM: A Case study

Enterprise risk management is a process, effected by an entity’s board of directors, management and other personnel, applied in a strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risks to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.
Committee of Sponsoring, Organizations of the Treadway, Commission (COSO), Enterprise Risk Management–Integrated Framework (2004).

Enterprise Risk Management (ERM) is not a separate, isolated process performed outside of normal business processes. Quite the contrary, ERM, similar to fraud prevention, ethics and internal controls, is integral to an organization’s success. it should be imbedded into and integrated within organizational strategy and incorporated into an organization’s core activities. erM needs to become part of organizational culture.Once the risks are identified and assessed, executive leadership must establish a plan to manage and monitor those risks. Find out more information on Link Between Decision-Making and ERM

Register to mark your Comments