âWhile our current risk management methodology is very effective, itâs clear the Sword system will help us manage a complex array of operational and compliance risks even more efficiently,â said McNair.
The Sword solution provides Aberdeen with a comprehensive, yet easy-to-configure, system for measuring, monitoring and managing enterprise risks. Swordâs flexible framework allows for the identification and classification of individual risks and includes integrated tools for the measurement and monitoring of risk levels. It also includes easy-to-use reporting and workflow functions to assist in risk management across the entire organization.
âWeâre quite excited about the ability to utilise Sword to create key risk indicators and measure risk-related events against them through comprehensive scorecards,â said McNair. âThe Sword system allows us to create scorecards quickly and produce detailed reports to present to executive-level management.â
âAberdeen Asset Management is truly a leader in proactively addressing emerging concerns surrounding enterprise risk management,â said Seamus OâFarrell, managing director for Sword. âWeâre proud to have Sword be an integral part of their efforts to do so.â
Well over 3,000 financial services professionals in Europe, North America and Asia Pacific utilize the Sword ERM software along with its related consulting services to achieve a comprehensive view of operational risk and compliance in conjunction with audit activities.
In the U.S., the Sword solution is also part of Wolters Kluwer Financial Servicesâ enterprise risk management offering, ARC Logics for Financial Services.