Ideagen, the leading Governance, Risk and Compliance (GRC) software firm, has announced it is to increase its focus on enterprise-level risk management as it bids to help organisations successfully manage business risk.
The UK-based firm is launching Pentana Risk today (Monday, February 11/2/19) in order to help global businesses effectively understand and handle rapidly changing risk landscapes.
Pentana Risk is a re-focus of the company’s current Pentana Performance software application, which is currently used by clients such as Admiral, Esendex and City of Orlando.
Now with a new product and sector focus, Pentana Risk will allow Ideagen to help businesses across the globe increase their agility in response to the most crucial risks affecting their organisation.
Gordon McKeown, Head of Product at Ideagen (pictured left), believes today’s organisations require to keep a handle on operational, financial, IT and strategic risks in order to stay resilient against threats and take advantage of opportunities.
He added: “Digital transformation is driving the future of risk management. Business risk landscapes are changing rapidly, bringing with them a diverse range of emerging critical risks highlighted by some high-profile cases globally.
“Due to the interrelatedness of risks, this responsibility touches on every part of an organisation, and it is crucial that senior management have full visibility of the entire risk management process if they want to develop effective strategies that will enhance performance. As such, the need for integrated, cloud-based risk management solutions is at an all-time high.”
He added: “Ideagen recognises that these concerns are at the forefront for organisations, and as such we are increasing our focus on providing best-in-class enterprise risk management solutions.
“We believe that by refocusing Pentana Performance to Pentana Risk, it consolidates our commitment to providing software that not only enhances technological resilience, but also improves employee awareness of risk and overall risk management processes.”
The future development of Pentana Risk will be guided by the ever-evolving market of risk management to ensure that the product remains at the forefront of leading technology solutions.