Finance
Learn how Finance industry clients benefit from our risk, compliance
and incident management
software solution.
"Accelerated roll-out of risk framework"
"Waypoint Corporate Services Ltd was looking for a cost effective solution to accelerate the deployment of its risk management framework. The solution needed to underpin the existing framework, provide additional efficiencies and integrate within the decision making culture of the organisation. Waypoint also needed a solution that could be broadened to include all key staff, not just the management team.
“It is clear that Risk Wizard will achieve our objectives and will facilitate risk analysis in our key decision making processes. It’s reporting capability will allow ease of reporting to management teams, committee and the Board and will demonstrate how Waypoint’s risk profile evolves over time."
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Bill Weston
Chief Risk Officer
Finance industry case study
Waypoint manage investments in healthcare, medical technologies and asset management, including real estate.
Requirement
Waypoint Corporate Services Ltd required a modern web browser tool to manage their risks, controls and action plans in a simple, quick and user friendly fashion.
It needed to reflect the robust framework embraced by the Risk Management Standard ISO 31000 but also be flexible to accommodate existing frameworks and support effective work flow mechanisms for broader staff engagement.
Waypoint wanted to automate its risk framework not only to enable quick and easy Board reporting but also to accelerate the adoption of the risk framework across the business.
Solution
The configured solution of the Risk Wizard risk management software translated Waypoint’s risk management framework into the system and migrated existing risk and control information registers quickly and seamlessly.
Personal training in the administration and use of the system was delivered as well. The system was flexed to handle a range of refinements during system configuration.
Both strategic and operational risks are enabled within the same register and a set of management reports has been defined.
Benefit
The transition from electronic documents to a well-defined relational database has created the foundation and momentum for Waypoint to accelerate the roll out of their risk framework.
With major benefits in areas of data analysis, manipulation, reporting and tracking, Waypoint find accessing and presenting data in a meaningful way is much quicker and easier.
