Keep track of your compliance issues
EFFECTIVE issue/incident management is an important contributor to effective risk management. Typical solutions, e.g. tracking issues using a collection of Excel spreadsheets, is inherently an inefficient, error-prone solution.
Use Issue Manager to document all compliance issues from across your entire organization, including responsibility and status.
Strunk’s Risk Manager program is a great product that makes the risk assessment process easy to manage and is proving to be very helpful to us.
When I was Chief Risk Officer at a $750M bank, we implemented Strunk’s ERM Solution. It brought together all areas of the risk assessment process into one easy to use format and we eliminated the Excel spreadsheets. I highly recommend it for any size bank.
Strunk’s implementation of Risk Manager was excellent. Impressive software you all have developed.