Enterprise Risk Management
The newest solution from Redi addresses the financial industry’s toughest challenges to-date: an uncertain economy; credit quality; security threats, etc. With the call from government for greater regulatory oversight, it has become apparent that all financial institutions need to understand what risks they face on a daily basis and how to properly mitigate those risks.
Unlike most programs (methods) or consulting services available on the market, Redi ERM takes Risk Management processes out of a three ring binder and forces them to become a “living” part of an institution’s daily operations.
Risk management activities take place in every institution across the country every day. The problem is that they are done in isolation. Questionnaires, audit work papers, loan review results and prior examination findings scattered through the institution make it impossible for today’s financial institution to evaluate risk accurately, much less on the frequency necessary. Redi ERM brings all of this vital information together in a single application making effective Risk Management a reality.