How to Select the Best Risk Management Platform for Your Business
Nov 29, 2021
Approximately 70% of senior managers have adopted some form of digital risk management technology, according to McKinsey. But with so many options out there, how can you know which risk management platform is right for you?
From usability to efficient incident navigation, business leaders need to evaluate risk management platforms based on their unique needs. It’s time to leave outdated processed and siloed systems behind and invest in a stronger future of streamlined workflows today.
Without the Right Risk Management Platform, Risk Managers Fall Behind
Outdated risk management tools like spreadsheets are no longer enough — the right technology is the best approach to risk assessment. A risk management solution with workflow tools can help organizations reassess workplace safety, streamline incident and claims management processes, and ultimately take a more proactive approach to manage risk.
Without the proper technology, risk managers are forced to rely on data that’s difficult to access and scattered across multiple systems. And in the current risk landscape, they face an increasing workload and reduced staff to handle it all.
That’s where a risk management platform comes into play. Instead of tying up organizations’ resources in manual data collection, a risk management platform offloads work so business leaders can focus on strategy, assessment, and more innovative solutions.
Beyond streamlining workflow, the right platform offers a cost-effective solution, an accessible user interface, and reliable reporting to keep managers ahead of the game.
3 Risk Management Platform Considerations for Your Business
With the right connected risk management tools and techniques, you can more accurately conduct risk analysis, generate personalized insights, and increase operational efficiency. When evaluating risk management platforms for your organization, here are a few things to consider:
1. Select a Centralized Platform
To improve efficiency, choose a vendor that offers a centralized mobile solution to track incidents and claims. With a centralized platform, your distributed workforce can enter data into the system and access it from anywhere.
Instead of wasting time searching across disparate systems for information, gain access to a platform that contains all of your data and actionable insights. A centralized platform can also help you more easily identify any hazards, unlock accountability, and boost communication across departments.
2. Prioritize Your Ability to Customize
Look for a vendor that provides a highly configurable platform. The right vendor will map your processes, incorporate best practices, and build the tool around your organization’s needs. A personalized platform enables you to more efficiently monitor risks unique to your organization, adapt to any situations your safety managers may encounter on the job, and streamline workflows.
Ultimately, risk management software that’s tailored specifically to your organization can more effectively manage identified risks and create a risk-aware culture — which is essential to a successful integrated risk management approach.
3. Look For a Partner That Handles Implementation for You
Implementing new risk management tools is always a challenge, but the right vendor can help ease the transition. When evaluating providers, select a partner that will implement the technology for you and continuously update the platform to accommodate changing regulations and evolving risks. Your provider should also migrate your files with minimal IT involvement and seamlessly guide you through the conversion.
Achieve Meaningful Results With the Right Risk Management Platform
For the most effective security strategy and a safer workplace, you need an updated risk response — and that starts with a digital risk management platform. Aclaimant works with your organization to implement and streamline the risk management process, delivering meaningful results in no time.
Learn more about Aclaimant’s data-driven risk management solutions.