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In the 2012 Global Risk Technology Survey, participants were asked how long they have been using externally provided solutions to manage their risk data globally. Almost half—46 percent—of all respondents across global regions have been using an external solution for five to 20 years. Only 16.6 percent have been using a solution for less than one year, indicating that there are fewer and fewer newcomers to these tools; most organizations have imbedded them into their operations by now. In the United States, organizations have been seeking out standardization of coding practices and consistency in business and accounting rules. Outside of the United States, clients are striving for more advancement and standardization in data from third-party systems. Half of all respondents say that asset management and protection, and automating and streamlining processes, are among their key reasons for using RMIS tools. The move to a web-based technology enables data entry and management from remote locations as well as centralized reporting and analysis. A large percentage, 68.8 percent, of the respondents agree or strongly agree that risk technology is firmly embedded within their risk management processes, and 55.3 percent say the tools are accessed several times a day. These findings strongly illustrate that risk technology tools have become indispensable for organizations seeking to manage their global data as effectively and efficiently as possible. It goes without saying that for global corporations using a RMIS it is essential that the RMIS accommodate multiple currencies, multiple sets of exchange rates and more than one language. Number of Years Organizations Have Used Risk Technology – Regional Perspective Regional Perspective of Organizations that Use Risk Technology North America Middle East & Africa Latin America Europe Asia-Pacific All 20+ years 10-20 years 5-10 years 3-5 years 1-3 years 0-1 year 14.2% 5.4% 7.9% 5.6% 5.6% 3.9% 6.1% 50.0% 17.3% 27.9% 50.0% 25.0% 16.7% 26.4% 17.9% 11.1% 26.3% 66.79% 14.7% 19.6% 33.3% 33.3% 18.4% 18.8% 16.6% 27.8% 18.4% 15.2% 89.0% 11.0% 85.2% 14.8% 90.6% 9.4% 80.0% 20.0% 50.0% 50.0% 89.7% 10.3% North America Middle East & Africa Latin America Europe Asia-Pacific All Respondents that Do Use Risk Technology in that region Respondents that Do Not Use Risk Technology in that region Global Risk Technology Survey 2012 Aon Risk Solutions | Aon eSolutions 39