3. Configuration
Change is constant.
The ability to change with the times is crucial in today's world. New business requirements,
evolving industry regulations and shifting market trends are forcing more and more
organizations to seek the flexibility and resiliency to be able to respond – and adjust to -- these
rapid changes.
Today's state-of-the-art risk management systems are traditionally structured with best-of-
breed practices built in. That means if you are dealing with a specific industry and/or role, the
system should be pre-configured to address those specific needs. You should not be penalized
by wasting time or resources "re-inventing the wheel" for each industry you serve. But the
system should have the ability to modify and tailor to your organization's specific needs or
preferences.
The Next Generation
Most RMIS systems are now browser-based with service-oriented
architectures. They include a myriad of built-in tools for configuring
workflows, pages, forms, tasks, roles, and integration points, as well
as business intelligence and analytics.
Configurable systems are critical as they can be easily modified to
fit the unique needs of your organization and take full advantage of
streamlined processes, workflow automation and industry best
practices. Keep in mind that organizations need to weigh the value
of the changes versus the time to implement them.
MAKING SENSE OF RMIS | 5
