Wolters Kluwer Financial Services Enhances ERM Offering

New Features Provide Organizations with Added Context to Help Bring Further Transparency, Traceability and Efficiency to Risk Management Process

Wolters Kluwer Financial Services announced today that it has released the latest version of the company’s ARC Logics for Financial Services offering. The enterprise risk management (ERM) solution suite draws upon actionable, industry-specific regulatory intelligence and Wolters Kluwer Financial Services’ strong domain expertise. All of this helps financial organizations bring transparency, traceability and efficiency to managing compliance, operational and financial risks as well as to the audit function.

With its latest version of ARC Logics, Wolters Kluwer Financial Services has enhanced the solution suite’s Risk and Controls module with additional features. By marrying new mission-critical risk management functionality with the most up-to-date financial regulatory content, these features will further empower organizations’ ability to manage risk across the enterprise. Enhancements to the latest version of ARC Logics’ Risk and Controls module include:

• Policies and procedures management—Attestations, including distributing, tracking, monitoring, and reporting as well as formal association to individual risks and or controls;

• Authoritative sources—One stop review of all components of compliance and control framework items and reference points to ensure confidence in continuity of control from primary obligation and objection through operational implementation;

• Risk Map Builder—An easy 1-2-3 approach for mapping risks and controls into targeted risk assessments specific to each organization’s ERM framework;

• Thirty additional product reports—Including additional dashboards, heat maps, testing and key risk indicator and key performance indicator reporting; and

• Several new key asset, vendor and IT management features—Each designed to help organizations better manage these important areas of risk by viewing them holistically and allowing the context of each area’s risks to be realized across the enterprise.

“These enhancements offer organizations an increased ability to manage their most pressing regulatory and risk management obligations from start to finish,” said Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services’ Enterprise Risk Compliance business. “The added context provided will allow organizations to achieve an even more transparent and complete view of risks across their businesses while holding front-line employees accountable for working within the organization’s regulatory obligation and the C-suite’s articulated risk tolerance.”

ARC Logics offers financial organizations a modular approach that enables them to fulfill their immediate risk management objectives in a targeted, cost-effective manner while allowing for expanded future usage of the same platform. The solution’s modules are Letter of Law and Industry Standards, Policies and Procedures, Risks and Controls, Financial Analytics, Program Management, and Audit. These can be implemented all at once or individually, and expanded as needed with changing business requirements and regulations.