Risk Management Software

Does Your Business Have a Proactive Risk Management Program?

Predict360 Enterprise Risk Management

Risk management is a core component in the financial sector which is why almost every business in the sector has a risk management team. However, most businesses do not have a proactive risk management program.

There is a general perception that risk management is fueled simply by passion and dedication – that all we need to improve the way risks are managed is to have our risk personnel work hard. One cannot turn a reactive and manual program into a proactive program simply through attitude – we need to […]

Enterprise Risk Management and Financial Risk Management for Banks

Predict360 Enterprise Risk Management

The word risk carries many different meanings in different contexts. In the financial world there are two very different types of risks being considered – enterprise risks and financial risks.

When we talk about enterprise risks, we are talking about the risks that affect the bank itself. However, when we talk about financial risk management for banks, the concept of risk used in finance is different. In the analysis and financial management of many types of risk, the main types of financial risk are […]

Why the Risk Management Approach Works so Well for Businesses

Predict360 Enterprise Risk Management

On many occasions, the lack of review and control of companies, poor strategic management and misallocation of resources lead a company to failure.

All this despite having a good business model and a really interesting product or service. Using the risk management approach helps businesses protect their interests from known and unknown threats.

Understanding the importance of risk management
One of the main risks that a company faces is business risk. This supposes the achievement of some […]

Risk Management Principles for the Future

Predict360 Enterprise Risk Management

Every risk manager knows the basic risk management principles, but those are the principles which are applicable now. The financial sector is home to some of the most innovative countries in the world.

The financial sector is always interested in using the latest […]

Five Steps Towards a Better Risk Management Framework

Every business wants to improve their risk management framework. While managing the current risks is a good short-term objective, in the long-term businesses need an approach that will help them mitigate all future risks as well. Creating such a framework is easier said than done. It requires taking a better, more modern approach towards […]

Three Risk Management Techniques for Small to Mid-Sized Businesses

Managing risk is essential for all businesses but there is a difference in the resources available for small and large businesses when it comes to risk. Large businesses have dedicated risk management departments and can spend millions of dollars on risk management technology. Small businesses cannot afford either of these. Most have dedicated risk […]