Bob Morrell Co-Founder and CEO Riskonnect

Riskonnect is unveiling multiple new products this week at the RIMS ‘13 Annual Conference and Exhibition, the world’s largest gathering of risk professionals, in Los Angeles.

The Company has announced Riskonnect Alerts and new functionality within Riskonnect GRC. Riskonnect Alerts is an exciting new business continuity and emergency management system with mapping capabilities, workflow, notifications and automated distribution of catastrophe plans.

Riskonnect GRC offers enhancements in risk visualizations and risk relationship diagrams, risk heat maps and now includes the integration of Riskonnect Alerts to help automate the management of supply chain risks in real-time. Yesterday, Riskonnect announced Riskonnect EHS, an enterprise-class, integrated risk management and safety work platform with automation in root cause analyses, hazard recognition tools and corrective actions.

Riskonnect Alerts
“Riskonnect Alerts is being offered free of charge to all current Riskonnect clients,” said Bob Morrell, CEO and Founder. “We are dedicated to providing a complete risk technology work platform and to staying ahead of our customers’ needs.” This feature incorporates real-time catastrophic event tracking into a geocoded global map. Automated notifications may be set, so that any property record is automatically updated in the Riskonnect’s real-time collaboration tool, Chatter, when an account record changes.

Riskonnect Alerts currently tracks 47 event types, including earthquakes, biological hazard, epidemics and attacks of terror. Clients are able to view any locations (the organization’s properties, vendor locations, competitors’ locations) and see all relevant properties within a certain distance of the epicenter of the event. In addition, automated workflow can escalate notification via email or Chatter to regional or corporate management or other executives, should the event be substantial or there is no response from the affected locations. Clients can access this information while working claims that occurred as a result of this event.

Riskonnect GRC
Riskonnect GRC is a comprehensive system that gathers data from around the world, tracks developing risk issues and helps your organization to minimize the cost of risk and to take full advantage of the opportunities risk generates. “Our latest release includes enhancements in risk visualizations and risk relationship diagrams, risk heat maps and the integration of Riskonnect Alerts to help automate the management of supply chain risks in real-time,” said Russell McGuire, Director, Enterprise Risk Services. “This represents a quantum leap beyond commonly used tools like spreadsheets. No other software enables users to effectively and quickly enter and dynamically visualize risk relationships, communicate risk assessment and mitigation activities and see the impacts of risk on objectives and financials.”

Riskonnect Alerts is also seamless within Riskonnect GRC. The system can be easily configured with any location information and used to track a company’s supply chain and product distribution channels.

“For example, if there’s a fire near one of your manufacturing facilities, you get an alert,” McGuire said. “If there is a flood that affects one of your suppliers, you get an email and can immediately begin the process of contacting another supplier. There’s no downtime or lull in news from all over the world with this system. It helps our customers keep their products moving, no matter what’s going on in the world.”

Riskonnect will be at Booth #847 during RIMS ‘13 Annual Conference and Exhibition and will host a daily Hear From Your Peers series, in which industry leaders will speak and answer questions and network with their peers.

Riskonnect, Inc. is the provider of a premier, enterprise-class technology platform for the risk management industry. As an independent innovator in risk management software, Riskonnect develops and markets a growing suite of software solutions on a world-class cloud computing model, helping clients elevate their risk management programs, safety solutions and programs for management of risks across the enterprise. Through its strategic, operational and insurable risk software applications, Riskonnect provides the risk management industry with the specific, configurable solutions needed to reduce losses, control risk and affect shareholder value.