Riskonnect Announces Platform Enhancements to Help Clients Build Business Continuity and Operational Resiliency – Yahoo Finance | Region & Cash

The July product release introduces a centralized strategy library and reports on impact tolerance gaps

ATLANTA, July 27, 2022–(BUSINESS WIRE)–Riskonnect, the leading provider of integrated risk management (IRM) solutions, today announced enhancements to its platform. The new capabilities help organizations build business continuity and operational resilience in compliance with regulatory actions, and increase the efficiency and consistency of their response strategies.

The improvements result from the acquisition of Castellan Solutions by Riskonnect. The acquisition advances Riskonnect’s integrated risk management vision of bringing all aspects of risk under one roof by seamlessly integrating Castellan’s business continuity and operational security capabilities into its platform.

Riskonnect’s July product release introduces organizational strategies, enabling resiliency leaders to create and maintain strategies in a central library and drive consistent response and recovery approaches across the organization. Strategies are automatically pulled from the Business Impact Analysis (BIA) into the associated plans, where tasks are added to make the strategies actionable.

“Adding strategies helps resiliency leaders proactively understand and address pain points and drive efficiencies throughout the planning process,” said Kathryn Carlson, senior vice president of product management at Riskonnect.

Riskonnect’s business continuity and operational resilience capabilities include new capabilities to help organizations quickly identify and address potential gaps in their ability to tolerate disruptions. The new Impact Tolerance Gap dashboard features an interactive report. Users can easily view key business services by committed, proven, and lowest impact tolerance to identify gaps in alignment with regulatory requirements.

Other features of the latest version of Riskconnect include:

  • Advanced approval workflows for the Operational Resilience module

  • Full customization of reports in company account dashboards

  • Various extensions of the mobile application

“Today’s business environment is very uncertain. We added these new capabilities to equip our customers with the tools they need to take a holistic view of risk and better prepare for and mitigate potential threats,” said Andrea Brody, Riskonnect’s Chief Marketing Officer. “The platform enables users to leverage automation and intelligence to solve operational resiliency, business continuity and crisis management challenges in one place.”

Riskonnect acquired Castellan in July 2022. The two companies operate as a single entity under the Riskonnect brand.

Visit www.riskonnect.com and www.castellanbc.com for more information.

About Riskconnect

Riskconnect is the leading provider of integrated risk management software solutions. Our technology enables organizations to anticipate, manage and respond to strategic and operational risks across the extended enterprise in real time. More than 2,000 clients across six continents use our unique risk correlation technology to uncover previously unmatched insights that drive better business outcomes. Riskonnect has more than 800 risk management professionals in North and South America, Europe and Asia. To learn more, visit riskconnect.com.

About Castellan solutions

As a global provider of resilience management solutions spanning consulting, software, managed services and human resources, Castellan – now part of Riskonnect – is uniquely positioned to help organizations find the right balance between risk tolerance and resilience to protect their people, their reputation and to protect their customers, and bottom line. Leveraging a proprietary, proven process to drive organizational readiness and response, Castellan works with clients to develop a clear vision, deliver real results, and provide ongoing support from their community of resiliency experts. Castellan helps companies replace uncertainty with trust. Now you are ready.TM Visit castellanbc.com.

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Corporate ink for Riskconnect
Emma Nadeau

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