Ventiv Technology

Attaining RMIS Success: Empowered risk managers achieve the greatest outcomes In every area of life, those who take responsibility for and control their own journey experience the greatest successes. Risk Management Information Systems (RMIS) management is no exception. 78 ©2022 Redhand Advisors. All rights reserved. Our role, together with that of the RMIS vendor, is to provide the information and tools to help your business make the right decisions about your RMIS and ultimately achieve success. Those businesses that take it and run with it, gaining insights into their needs and goals throughout their implementation process and beyond by engaging the RMIS when new opportunities present themselves, stand to gain the most from their new software. When COVID-19 hit, for example, empowered risk managers were the ones who looked to their RMIS to manage their new and ever evolving risks. They didn't bother looking for a new solution because they already had one they knew could help. From selection to implementation to Go Live and beyond, the vendor will continue to provide customer support and insight. However, the most successful organizations take control of their RMIS journey and don't rely on their vendor to lead the way. 3 Tips to Becoming an Empowered RMIS User Any organization can become empowered RMIS user. Follow these three tips to achieve success: 1. Proactively experiment with the system. Your RMIS lifecycle is in your court. Those that understand the systems and process during normal times or low periods of risk will be more equipped to implement a new function or feature when the time is right. By willingly exploring your RMIS and engaging with it directly on a regular basis, you will come to identify your own solutions to help you manage your risk.

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