Enterprise Risk Management Technology Guide 2023

Eigengrey - RISKflo

Type of System

  • Governance, risk, compliance (GRC)
  • IFRS 17 solution
  • Operational risk management
  • Third Party Risk Management, CPS 220, CPS 230

Type of platform

  • Cloud
  • SaaS
  • Server-based
  • Web-based

Other features - does your offering facilitate

IFRS 17

What are the typical implementation costs?

Cost and time-to-value is 60-70% below existing approaches, generated by RISKflo no-code and self-serve platform methodology. This is demonstrated in previous implementations. 

The two categories of RISKflo implementations include (i) Off-the Shelf and (ii) User-Defined frameworks/solutions. Both require implementation training and business analyst resources as described below:

 - Off-the shelf: Depending on framework complexity, implementation requires administrator training (1xFTE) that can range from 1 to 3 days and business analysis (1-3xFTE’s) to configure ranging from 1 to 3 weeks.

 - User Defined: Depending on framework complexity, implementation requires administrator training that can range from 1 to 3 days (1xFTE) and business analysis (1-3xFTE’s) to design and configure ranging from 3 to 6 weeks.

How long does your software take to implement on site?

Off-the shelf: 1 to 3 weeks. 

User Defined: 3 to 6 weeks. 

(all depending on solution complexity)

Please name companies that use the system/solution

Leading global financial institutions, covering 57 countries and supporting 10,000 plus users. 

Contacts

Martin Kelly ([email protected])
George Lymbers ([email protected])
https://riskflo.com/

Guide entries by Eigengrey