Riskonnect is a global leader in the risk management industry. The Riskonnect platform is an enterprise-class risk management software with cutting-edge technology that enables businesses to anticipate, mitigate, manage, and respond to strategic, operational, and digital risks. The solutions are provided across the organization to eliminate any blind spots that may prove to be costly and critical later on.
Riskonnect was created in 2007 to help organizations become better aware of their key risk metrics. At a period when few businesses had even considered it, the innovative founders pioneered the concept of merging operational and strategic risk factors. The user experience of the technology immediately drew attention, earning accolades and achieving widespread acceptance. The company was acquired by the private equity firm Thoma Bravo in 2017. In 2018, Riskonnect purchased ClearSight, bringing over 50 years of RMIS experience.
A strong compliance program can encourage employees to act with integrity, improve the company’s reputation with customers, and help to avoid costly fines. To reduce the risk of noncompliance, Riskonnect’s Compliance software consolidates all corporate and legal policies, procedures, and requirements from across the organization into a single centralized location. Riskonnect’s unique risk-correlation engine powers the company’s expanding suite of risk management applications, allowing customers to understand risk at a level like no other.
Riskonnect is a trusted provider of comprehensive and continuous compliance solutions with decades of practitioner experience. The services include assessment management, corporate policy management, risk, and insurance solutions, regulatory change management, ECG and GRC solutions, health and safety, reporting and analytics, etc.
Riskonnect uses the Unified Compliance Framework to easily import content related to over 10,000 harmonized controls, including 1,000+ different regulations. The advanced technology finds out and addresses the gaps identified in the assessment process and develops action plans related to these findings. Riskonnect also offers centralized documentation for senior management responsibilities and related risks and controls.
Riskonnect has a pool of talented professionals who take its advanced technology to the next level. They integrate innovative, world-class risk solutions that maximize the client’s investment in technology and positively affect shareholder value, all while assisting the client in doing its job more efficiently and effectively. Riskonnect’s customer success team has a global presence and is available for support 24/7. They aid customers in navigating through the platform’s integrated solutions, optimize their experience as their business changes, and resolve any technical issues that may arise along the way.
With Riskonnect “GoLive!” clients can get the most out of their technology investment by identifying ways to improve the quality of their data, streamline their workflows, incorporate strategies that improve performance, increase compliance, and lower their total cost of risk. The professional services team is available to assist businesses with quick implementation and customer configuration.
Riskonnect also provides data transformation services and claims regulatory compliance services. The Riskonnect COVID-19 Immunization Tracker helps businesses comply with changing federal vaccination requirements. With compliance, risks, and audits out of the way, clients can focus more on strategic priorities to directly improve their productivity.
More and more businesses today are looking for expertly integrated platforms to minimize risks and maximize rewards.
“We believe that the overall environment for risk management was heightening already. We’ve seen it from our customers – risk management plays a key role in managing key phases with the organization from an executive level,” says Mr. Jim Wetekamp, CEO of Riskonnect.
Solutions and services by Riskonnect have proven to be vital across many industries, including healthcare, retail, manufacturing, financial services, insurers/TPAs, insurance brokers, and more. The all-encompassing compliance software is mainly meant for use by risk management professionals, compliance professionals, third-party risk management professionals, information security professionals, and audit professionals.
More than 900 customers worldwide use Riskonnect’s unique risk-correlation technology to gain previously unattainable insights for better business outcomes. In the Americas, Europe, and Asia, the company employs over 500 risk management experts.
Riskonnect combines unparalleled industry knowledge with unrivaled technical expertise to provide its clients with an unrivaled strategic advantage. It enables organizations to understand, manage, and control risks across the enterprise. Riskonnect is the only provider ranked in three of the most respected industry analysts’ Leadership and Visionary Quadrants. The company takes pride in the fact that more organizations choose Riskonnect as their preferred integrated risk management technology provider than any other vendor.