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Risk Management Software Deployment Your Guidebook to Success
You've got to get organized. It may be something you say to yourself or remind others of at home or at work. When it comes to implementing a risk
management information system(RMIS), getting organized isn't optional. Having good organizational hierarchy and reporting structures in place is a
critical part of ensuring that risk management software delivers business value and strong return on investment.
As the blueprint for the entire RMIS, a workable hierarchy:
Maps the workflows.
Establishes formats for loading data into the system and generating reports.
Integrates the units, personnel and roles.
Captures the distinct levels within the organization.
Indicates down to the user level what the roles are and who should be included
in accessing data and reporting.
We find that most organizational hierarchies include:
The location's legal entity at the highest level.
The disparate divisions, regions, accounting and operational status.
Any other identifiers that come into play.
Risk managers need to know that users of risk management software have the appropriate permissions to view the data they are tracking in the RMIS. From there, users can
perform analytics on the information and make solid business decisions based on that information.