Use of spreadsheets can severely affect an organisation’s ability to manage risk effectively and efficiently. So Furness is now using Xactium Risk Management, which enables the society to capture and monitor risks using one central secure system and generate accurate reports based on real-time information.
Nicola Coulson, operational risk manager at Furness Building Society, said: “With Xactium, we have found a fully configurable and user friendly solution which will vastly improve risk reporting for the society. It will also provide real time reporting of risks and actions at any point in time.
“The system has already been well received by the team and the automation of this function will help them to focus on more value-adding activities.”
Andy Evans,…
