Ventiv Technology

Pentair: Taking Risk Management to New Heights

Ventiv Resource Library

Issue link: https://ventiv.uberflip.com/i/272176

Contents of this Issue

Navigation

Page 3 of 3

360º Aon eSolutions | 17 For more information, please contact Lisa Dragon on +1 312 381 4085 or email lisa_dragon@aon.com RiskConsole is instrumental in our day-to-day activities. modules and setting up the questionnaires that are required for going to market. We're collecting payroll, exposure data, sales, fleet information and all the other necessary information structured into a module that streamlines the entire process. RiskConsole is instrumental in our day-to- day activities. We bring in seven claims sources from our TPA [third party administrator] for tracking and consolidating our workers' compensation claims and also to track their OSHA [Occupational Safety & Health Administration] reportables. We have users that administer specific product claims. Those users are setting reserves and adjustments, maintaining notes, storing attachments and using form letters. We use the solution for our fleet administration and issuing auto ID cards, approving auto physical damage claims, etc. As you can see, RiskConsole is used cross-functionally at Pentair and it has really become a part of what we do. And it doesn't stop there – our legal department relies on it for litigation reporting. I've also automated reports that I provide our external auditors that track claims and identify other risks. Reports are distributed throughout the company, including our general counsel, human resources and sales. As more departments see the data we're collecting, they may identify other data that will be included in the report. That's where the flexibility is so important in a risk management tool. We can adjust the data we're collecting or add new data elements. You get a lot of "a-ha" moments once you start looking at your data. The distribution of information really helps us promote risk management throughout the company. RiskConsole helps push the enterprise risk approach since the data is from every part of the company. People can see the benefits, so have embraced the change and helped to take it to places I only hoped for. As a risk manager, it's my job to help my company really understand what's going on from a risk perspective. The only way you can do that to collect the necessary data and present in a clear and concise, unbiased fashion so that it's actionable. RiskConsole is the solution that enabled me to do that. " we have been impressed by the ways that riskconsole has helped to improve our processes and given us visibility of data that we never had before. " »

Articles in this issue

Links on this page

Archives of this issue

view archives of Ventiv Technology - Pentair: Taking Risk Management to New Heights