Thomson Reuters Announces Further Enhancements to Award Winning Accelus Risk Manager Developments include advance visualisation capabilities, regulatory stress testing, model risk analysis and improved search
LONDON / NEW YORK / ACCESSWIRE / May 20, 2014 / Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced the delivery of several significant enhancements to its award winning Accelus Risk Manager, which will enable organisations to further strengthen their approach to enterprise risk management. The new capabilities include:
- Fully-integrated sensitivity and stress testing capabilities in the quantification module provides quick and easy regulatory stress testing as well as model risk analysis.
- Advanced visualisation capabilities enable the creation of interactive graphs and maps e.g. users can now view risk levels relative to agreed appetite for risk plotted across a world map.
- A new powerful search functionality enables comprehensive analysis of the causes and effects of risks across all available information such as risks, controls and documents.
"These substantial new features reflect how Thomson Reuters Accelus Risk Manager teams are connecting our technologies together to help drive risk management excellence in partnership with our users," said Chris Perry, managing director, Risk at Thomson Reuters. "Conversations with our clients, in one-to-one visits as well as in our user groups, have driven these developments together with the richness of Thomson Reuters expertise in the market."
"The enhancements form part of Thomson Reuters ongoing program of investment in our Accelus governance, risk and compliance platform," Perry adds. "Further work is ongoing to Accelus Risk Manager, including continued user interface development. We continue to develop our offerings to meet and help future-proof our clients' evolving regulatory and operational requirements, including ongoing developments in regulatory obligation including conduct, ORSA and Solvency II, emerging risks, and demands for improved governance."
Accelus Risk Manager enables organisations to establish a framework for operational risk and enterprise risk management based on their risk appetite. It empowers executives to actively manage risks across their business, track the tasks others are expected to perform and report status to key stakeholders.
Accelus Risk Manager captures information such as incidents, indicators, assessment responses and scenario analysis data in a flexible and connected way. With the new user interface, reporting - whether it is on-screen, ad-hoc, or in a formal format - is significantly enhanced, allowing risk executives to communicate their organisation's risk position to the business, senior management and the board more effectively. Risk managers can also more effectively analyse risk intelligence through the lenses of their organisations various structures and reporting lines, so that both the cause and effect of risk can be more fully understood.
The risk data housed in Accelus Risk Manager powers the solution's stress tests, including Advanced Measurement Approach operational risk capital modelling, Monte Carlo simulations and other forms of statistical analysis to help executives better communicate with regulators and understand the challenges their business faces.
It was recently announced that Thomson Reuters Accelus Risk Manager has been awarded the Operational Risk Software Provider of the Year Award in the Operational Risk and Regulation Awards, 2014. This is the second consecutive year that Thomson Reuters has been awarded this achievement. The recognition comes on top of Thomson Reuters being named as a category leader in the Chartis RiskTech Quadrant(TM) for Enterprise Governance, Risk and Compliance Systems.
Thomson Reuters Accelus dynamically connects business transactions, strategy and operations to the ever-changing regulatory environment, enabling firms to manage business risk. A comprehensive platform supported by a range of applications and trusted regulatory and risk intelligence data, Accelus brings together market-leading solutions for governance, risk and compliance management, global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced due diligence, training and e-learning, and board of director and disclosure services.
For more information about Thomson Reuters Accelus, go to: http://accelus.thomsonreuters.com/
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.
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Source: Thomson Reuters Corporation via Globenewswire
SOURCE: Thomson Reuters