|By Business Wire||
|October 14, 2013 12:45 PM EDT||
Modulo, a global leader in Technology Governance, Risk and Compliance (GRC) solutions, announced today the general availability of Modulo Risk Manager Version 8.3, releasing a fully-featured version of the new Enterprise Risk Management (ERM) module that enables organizations to gain better visibility into and respond more quickly to enterprise risks. Another significant upgrade to the award-winning Risk Manager product, Version 8.3 delivers enhancements to the Business Continuity Management (BCM) module and core platform capabilities.
With this release, Modulo now offers a complete solution for Technology Risk and Compliance Management, Enterprise Risk Management, Vendor Risk Management, and Business Continuity Management across the enterprise and extended enterprise of third-party relationships − all in a flexible and affordable package specifically designed “out-of-the-box” for IT, security, and compliance professionals looking to align security to their risk and compliance needs.
“Risk Manager’s flexibility and ease-of-use makes it the foundational element of our customer’s risk management program. The advancements in Risk Manager Version 8.3 support the maturity path to enterprise risk management and beyond, offering the market a platform that technology-driven organizations can strategically grow with,” said John Ambra, Director of Technical Services, Modulo.
Modulo Risk Manager recently received a 2013 GRC Value Award in the category of Risk Management from independent analyst firm GRC 20/20; received a “Positive” rating in Gartner’s 2013 MarketScope for IT Governance, Risk and Compliance Management (IT GRCM)1; was positioned in the “Visionaries” Quadrant of Gartner’s 2013 Business Continuity Planning Management (BCMP) Magic Quadrant2; and earned the coveted 5-Star rating by SC Magazine in its Group Test of Risk & Policy Management for the last three consecutive years.
Risk Manager Version 8.3 highlights include:
Full Release of New Enterprise Risk Management (ERM) Module:
This module enables organizations to gain better visibility into and
respond more quickly to enterprise risks; new capabilities include:
- Create Key Risk Indicators (KRIs) to expand risk reporting to broader enterprise issues
- Monitor loss database
- Receive alerts when a risk reaches its threshold in KRI for monitoring
Improved Survey and Interview Capabilities for Vendor Risk
- Easier and faster to get information from the extended network of third-party vendors
- Enables vendors and suppliers to contribute to their own risk profiles
- Create pre-qualification assessments and more
More integration for creating, approving, and testing policy
management in Business Continuity Management Module: This module
enables organizations to reduce risks associated with crises and
disasters, leveraging ISO-22301 and BS-25999 industry standards - all
fully integrated into the operational and enterprise risk management
process; new capabilities include:
- Easily create, approve, and test BCM policies
- Integration and functionality allows organizations to include key stakeholders in the BCM system and more efficiently and quickly implement BCM out-of-the-box
Modulo Risk Manager is offered in a secure and scalable SaaS model, the environment of choice for most Modulo customers. Perpetual licensing is also available for large enterprise customers who want to host or deploy their own software. ERM and BCM modules are sold separately as add-ons to the core platform.
Over 1,000 organizations in a broad range of sectors around the world - especially those with an emphasis on technology and information risks related to IT assets, transactions, vendors and cloud providers - report a high ROI from Modulo’s quickly deployed, scalable and content-rich platform.
(1) Gartner "MarketScope for IT Governance, Risk and Compliance Management", by Paul E. Proctor, June 7, 2013.
(2) Gartner "Magic Quadrant for Business Continuity Management Planning Software," by Roberta J. Witty and John P. Morency, August 26, 2013.
Modulo is a leading global enterprise provider of Technology Governance, Risk and Compliance (GRC) management solutions. Modulo’s award-winning Risk Manager™ provides hundreds of organizations worldwide with the tools they need to automate the entire GRC management process to monitor, manage and sustain adherence to policy and regulations while reducing enterprise risk and complexity. Customers span the financial, health care, retail, manufacturing, higher-education, telecom, energy and government sectors and include BASF, BC Hydro, Commercial Bank of Dubai, Microsoft, New York University Medical Center, Synovus Financial, and Schlumberger. Modulo has earned industry recognition as a 2012 Innovator of the Year and “5-Star” product review rating for three consecutive years by SC Magazine.
Visit www.modulo.com and follow Modulo on Twitter @moduloitgrc.