In 2015 Strunk launched Risk Manager which has now evolved into a full featured Governance, Risk Management, and Compliance (GRC) solution including Risk Assessor, Policy Manager, Controls Manager, Vendor Manager, Issues Manager, and Skills Manager tools. Today, as an added service for Risk Manager clients, we are announcing the availability of standard template policies for banks, credit unions, investment advisory firms and broker-dealers.
Policy requirements evolve, and often times organizations find that their existing policy has become outdated, or they don’t have a policy at all to address a particular issue. No one wants to write a new policy from scratch – particularly regarding a complex issue. So, starting with a vetted template and customizing it to your particular organization is a big benefit both in terms of making sure the policy is complete and saving time. There are a variety of companies that provide policy templates for a fee. But with Strunk, they are free for Risk Manager clients.
Dan Roderick, Strunk CEO said, ‘Clients have been asking us for quite some time if we can provide them with a specific policy that they don’t currently have in their existing policy manual and each time we would track down a template example for them. Now we have assembled a database of standard documents to respond to those requests. In fact, if a client were to ask for an entire manual of standard policies, we can now easily provide those documents. Policy Manager has been one of the most popular components of the Risk Manager solution – it was the first module we developed five years ago. This should be a valuable enhancement to our GRC solution.’ The current COVID-19 crisis is one example of an event that can create a need for a new or more thorough policy. The Pandemic Policy and Plan documents have been frequently requested during the past month.