|
News Release - 28 May 2009
Citicus launch most advanced tool to manage
information risk, supplier risk and other key areas of operational risk
Citicus Limited has launched Citicus ONE Release 3 - a
ground-breaking upgrade to its award winning risk and compliance
management software. The new release enables an enterprise to measure,
manage and reduce the risk posed, not only by IT, but by the full
spectrum of assets, processes, facilities and external parties on which
it depends. Because the same principles are applied to all these areas,
risk managers can compare and aggregate different areas of risk, and
provide decision-makers with an overall picture of their organisation’s
risk status.
This now gives risk managers the means to roll out consistent risk
programmes swiftly and widely and enables organisations to demonstrate
their commitment to managing key areas of risk, to the standard now
expected by stakeholders (eg employees, investors, customers, regulators
and the public).
Marco Kapp, director and co-founder of Citicus said:
“No organisation
can expect to prosper today unless it understands and manages the risks
it faces, yet the majority of businesses are still not sure how to
achieve this. Citicus ONE Release 3 provides a proven approach
which can handle thousands of risk evaluations but treads lightly on an
organisation. It covers all areas of operational risk that are critical
to the success, health and continuity of a business. It enables risk
managers to elevate their contribution to a new plane. This is going to
be vital in today’s economic climate.”
Citicus bases its methodology for managing risk on 20 years of rigorous
research, including detailed analysis of the most comprehensive data
available on what drives key areas of risk up or down. Its research
background makes Citicus unique amongst providers of software for
managing operational risk.
Citicus ONE employs succinct criticality assessments, risk
scorecards and incident assessments – supported by harm reference tables
and detailed checklists – to measure risk in objective, business terms.
This approach reduces reliance on gut-feel and intuition which are
notoriously unsafe – yet common – methods of assessing risk.
Citicus ONE generates highly visual, informative results,
including risk and compliance status reports, heat maps, dependency risk
maps, risk dashboards, risk league tables, guidance on driving down
risks, incident statistics and action plans. Multiple reporting levels
ensure that all levels of management are informed of the status of risk
and compliance in their areas of responsibility.
Simon Oxley, managing director at Citicus said:
“Organisations piloting
Citicus ONE Release 3 are finding that they now have an efficient
means of evaluating risk across their entire organisation, including
their supply chain - a priority in today's highly-uncertain trading
environment. The ability to tune the tool easily to different areas of
risk allows our customers to develop innovative applications such as
company-wide privacy impact assessments, workplace security, health and
safety monitoring and identification of the risks posed by particular
business processes.”
Release 3 is an out-of-the-box solution, which is very easy to set up,
configure and use across an organisation. The tool’s efficiency and ease
of use is especially important as risk management needs to be a
continuous, repeatable process to work effectively.
About Citicus (www.citicus.com)
Citicus Limited was formed in 2000 by Simon Oxley,
Sian Alcock and Marco Kapp. The company provides world-class
automated risk management tools that have been implemented in public and
private sector enterprises of all sizes around the world, and helps
customers implement them successfully.
|
