Venice Consulting Group (VCG), a leading software development and consulting firm based in Venice, California, in cooperation with International Management Advisory Group (IMAG), has announced the launch of COOLMaps 2.0. The newly launched COOLMaps Risk Diagnostic Tool is built from the latest in web services technology, allowing clients and partners access to a flexible web-based system that supports risk-mapping processes in an easy-to-use and highly configurable user interface. This tool is designed to quickly identify risk process factors and provide guidance on alternative paths to help mitigate these risks.
COOLMaps is IMAG's next generation state-of-the-art non-database risk analysis methodology designed to capture business, operational, and regulatory risk within a product or service flow. Using COOLMaps, businesses can operate more efficiently by easily viewing their process flows, control tools and metrics, identification and analysis of risks. In addition, they can also view the proposed solutions within the process flow at the same time. COOLMaps is currently in use by numerous Fortune 100 companies, and has been successfully utilized by a number of mortgage companies, banks, and securities firms.
âGiven all of the recent turmoil in the market, it is more important than ever that companies accurately forecast and mitigate risk,â says Robert Cone, managing partner of IMAG. âThrough the years IMAG has proven the success of our process approach to risk management with COOLMaps. This joint product launch with VCG represents the next successful step in managing risk for businesses. VCG was able to cut the total development time in half compared to initial estimates, impressive considering the complex business requirements.â
âWe are extremely proud of this new product launch,â says Jake Ryan, managing partner for VCG. âIMAG brings a new dynamic to the market by aggregating years of expertise and experience into a single application that can easily identify and mitigate process risk. We believe this is another example of how VCG provides world-class services to firms who need robust applications that demand high reliability and usability.â