Stamford Risk Analytics (SRA), a leading enterprise risk management (ERM) solutions provider, and MEGA International (MEGA), an innovator in Governance, Risk and Compliance (GRC) solutions, are partnering to integrate SRA's new risk measurement-management solutions into the MEGA Suite. This combined risk management toolset will be the only comprehensive, integrated ERM/ORM/GRC solution in the risk management space.
The new solution will help companies across all industries manage risk more efficiently and cost effectively. It will also provide a holistic approach to ERM and business process performance to enable managers to make well-informed decisions about business priorities and strategies.
SRA's tools are a part of its over-arching risk management framework called Modern ERM, which is based on a uniform definition of risk and a comprehensive and consistent risk architecture/taxonomy. In addition, SRA's innovative new (Annualized Loss Exceedence Curve) ALEC method is the only risk modeling approach that can transform hard data, soft data and expert opinion into risk metrics in an objective, transparent, and theoretically valid manner - and is applicable to market, credit, operational, insurance and business/strategic risk.
SRA CEO Ali Samad-Khan added: "Modern ERM and ALEC together have the potential to transform risk management from a compliance exercise into a process that truly supports informed risk-based decision making."
"For risk managers and business decision makers, this will provide a more reliable means of conducting risk analysis," explained Lucio de Risi, CEO of MEGA. "Executives can be confident that they will make important business decisions based on accurate risk information."