A BUYER'S GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 3
A RMIS provides you with a broad view of all your risks and exposures so you can make informed decisions that drive short-term profit and increase long-
term organizational value. Furthermore, by providing you with more accurate and reliable data, you will be empowered to make decisions on what risks to
retain or transfer, risk-retention strategies and how to effectively transfer risk, which all helps lower your overall cost of risk.
HOW DOES A RMIS DELIVER ROI SAVINGS?
RISK RETENTION
SAVINGS
RISK TRANSFER
SAVINGS
RISK MANAGEMENT
COST SAVINGS
• Provide the ability to set
strategies that deal with
uncertainty over time.
• Empower managers with live
information so trends and
root causes can be quickly
discovered and where possible
prevented and reduced.
• Ability to rapidly respond to
business changes based on
live input from business units.
• More accurate, complete
and reliable data because
of consistent data entry
processes that automatically
spot errors, old data, and
missing components.
• Deliver a full picture of current
and historical trends.
• More focused insurance
purchasing through a more
informed view of your entire
operation.
• Less time spent managing
data and completing low-value
tasks.
• Consolidations and
data merges are done
automatically.
• Managers no longer need to
maintain backup systems.
