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It might seem like yesterday you were getting ready for spring and today you’re thinking about the new year. Like most people, you have a variety of resolutions in different buckets: physical health, mental health, finances, relationships, etc. Your company also makes resolutions in the form of corporate objectives. Corporate objectives are not mere aspirations or vague intentions; they are tangible targets that drive an organization's growth and success. They provide a roadmap for decision-making, resource allocation, and performance evaluation, ensuring that the organization's actions are aligned with its overarching goals. Chief risk officers and risk management teams play an important role in ensuring success as your company strives to reach new heights in the coming year. As you kick off strategic planning, there are some key questions to keep in mind: #1 - Which objectives matter most? Identifying the objectives that matter most requires a thorough assessment of your organization's internal and external environment. Consider factors such as: Strategic priorities: Align objectives with the organization's strategic plan and long-term goals. Industry trends: Identify emerging trends, monitor upcoming and current regulation, and adapt objectives to remain competitive. Stakeholder expectations: Address the needs and expectations of key stakeholders, such as customers, employees, and investors. #2 - How can I demonstrate how corporate objectives were determined? Transparency and accountability are essential for building trust with stakeholders. Demonstrate how corporate objectives were determined by: Documenting the process: Clearly document the steps involved in objective setting, including stakeholder input, risk assessment, and alignment with strategic priorities. Communicating rationale: Clearly communicate the rationale behind each objective, explaining its relevance to the organization's overall goals. Seeking feedback: Encourage feedback from stakeholders on the objectives and the process used to develop them. #3 - How can I measure the progress of corporate objectives? Measuring progress towards achieving corporate objectives is essential for staying on track and making informed decisions. Establish clear metrics and indicators for each objective, such as: Key performance indicators (KPIs): Quantifiable measures that track progress towards achieving specific objectives. Milestones: Significant markers of progress along the way, indicating successful completion of intermediate steps. Regular reviews: Conduct periodic reviews to assess progress, identify challenges, and make adjustments as needed. #4 - How can I track progress made from the starting point? Tracking progress from the starting point provides valuable insights into the organization's growth and development. Compare current performance against initial objectives using: Benchmarking: Establish industry benchmarks to assess relative performance and identify areas for improvement. Trend analysis: Track performance trends over time to identify patterns and assess progress towards objectives. Gap analysis: Identify the difference between current performance and desired outcomes, providing a basis for improvement initiatives. #5 - What can be done if progress is off track? Recognizing and addressing deviations from objectives is crucial for ensuring success. When faced with setbacks: Analyze the reasons: Identify the root causes of the deviation, whether they are internal challenges or external factors. Develop corrective actions: Implement appropriate strategies to address the underlying causes and get back on track. Communicate openly: Keep stakeholders informed about the situation and the steps being taken to rectify it. #6 - How can we reliably achieve corporate objectives? Achieving corporate objectives reliably requires a comprehensive and well-structured approach: Establish clear ownership: Assign ownership of each objective to specific individuals or teams. Provide adequate resources: Allocate necessary resources, such as funding, personnel, and technology, to support objective achievement. Embed objectives into processes: Integrate objectives into day-to-day operations and decision-making processes. Monitor and measure progress: Regularly monitor progress towards objectives and make adjustments as needed. Celebrate successes: Recognize and celebrate achievements to maintain motivation and engagement. Risk management teams must work closely with company executives and the board to ensure that strategic planning and decision-making processes produce reliable results. By aligning individual and team goals with the company's objectives, and fostering a culture of accountability, your company can achieve and even surpass your desired outcomes. Contact us today to learn how Archer can help you reach your corporate objectives in 2024.

Today, global regulatory pressures coupled with unforeseen disruptive events pose substantial challenges for companies that are working to build operational resilience. These challenges are driven by a myriad of factors including rapid technological advances, geopolitical unrest, and the escalating pace of global economic shifts. Now more than ever, your organization must be proactive in mitigating these challenges to remain operational and competitive. The Growing Focus on Operational Resilience Operational resilience has become a key topic in boardrooms and executive suites for good reason: Cybersecurity threats : As organizations digitize their operations, the risk of cyber threats increases. From ransomware attacks to data breaches, the potential impact on operational resilience and reputation is substantial. Supply chain vulnerabilities : Global supply chains are interconnected and vulnerable to disruptions caused by geopolitical events, natural disasters, or unforeseen challenges such as the recent global supply chain issues. Regulatory demands : Regulatory bodies are increasingly emphasizing the importance of operational resilience. Compliance with standards such as the Digital Operational Resilience Act (DORA) in the European Union highlights the need for a proactive and strategic approach. Technological dependencies : Reliance on intricate technological ecosystems means that a failure in infrastructure or a critical system can have cascading effects across an organization. Strategies for Enhancing Operational Resilience Operational resilience requires a coordinated, company-wide approach that goes beyond planning for recovery from disruption to fortifying all facets that drive your organization’s success. For many organizations, this approach necessitates a pivotal shift. But in doing so, you are able to better adapt to changes and disruptions while also optimizing processes, enhancing productivity, and fostering innovation. A comprehensive strategy should consider the following elements: Prioritization : Your organization must use business impact analysis to prioritize what is most important to make resilient. These priorities should start with products and services offered to customers and cascade to the business units, process, technologies, data, and other interdependencies. Integrated risk assessment : Conducting thorough risk assessments allows you to identify vulnerabilities and potential points of failure. This includes assessing risks related to business processes, technology, supply chains, and regulatory compliance. This risk assessment should incorporate groups across the second line of defense to coordinate their efforts. Robust cybersecurity measures : Investment in robust cybersecurity measures is essential, including regular assessments, employee training, and the implementation of advanced threat detection and response systems. Diversification of supply chains : Recognizing the vulnerabilities in global supply chains, it’s important to explore strategies for diversification and localization to mitigate risks. Scenario planning and testing : Adopting a proactive approach involves scenario planning and testing. Simulating potential disruptions enables you to identify weaknesses, refine response strategies, and enhance overall preparedness. Technological innovation : Utilizing technologies such as Archer, you can leverage artificial intelligence and data analytics to enhance predictive capabilities and improve overall resilience. Collaboration and information sharing : The importance of collaboration extends beyond organizational boundaries. Information sharing among industry peers and public-private partnerships can enhance collective resilience against shared threats. The Evolving Landscape The state of operational resilience for your organization must mirror the dynamic landscape your organization is navigating. Operational resilience is not a static goal; it is an ongoing process of adaptation. As threats evolve, so must strategies for resilience. By embracing a proactive and strategic approach, investing in technology, and fostering collaboration, businesses can not only survive disruptions but emerge more resilient and better prepared for the uncertainties of the future. To learn more, register today to join Archer and BCI on January 11 for an informative webinar, Operational Resilience: Lessons Learned & Key Strategies for Success , to: Gain insights into lessons learned, current trends and best practices in operational resilience, and how to leverage these to enhance your organization's capacity to respond to unexpected disruptions. Understand the latest regulatory guidance concerning operational resilience and the potential implications for your organization. Learn effective strategies for adopting and executing Archer as an integral part of your organization's existing business continuity plans.

Archer CEO Bill Diaz addressed these three terms in his keynote at Archer Summit 2023. Bill was speaking about the mindset necessary for chief risk officers and risk teams need to adopt for success in today's operating environment.   Coincidentally, I couldn't think of three better words to describe the mindset of the many people that we work with day in and day out, including our customers, our partners, executives and risk professionals working inside organisations that are looking for solutions to improve their programs. We listen and we understand the challenges they face, as well as the opportunities they want to harness.   These terms also reflect the changing appetite for risk technology in the India market. We see organisations across all industries looking for risk technology that demonstrates:   Agility -- the ability to reach multiple audiences and have the solution bend and shape to their needs. Resilience -- risk technology delivered in a resilient manner (i.e. secure and highly available) but that also delivers workloads that enable resilience in the organisation itself (e.g. enterprise risk management, cyber risk management, third party risk management). Foresight -- solutions that fuse global best practices, emerging practices (such as risk quantification and ESG) and emerging technology (such as AI) that also cater to local requirements (such as in-country cloud).   In March 2023, Archer announced  investments it was making in India, including doubling of our local account and solutions consulting team and plans for a new SaaS data center in India.   Today, we’re pleased to launch the newest data center for Archer SaaS in India, which enables us to address the requirements of our customers in the region. SaaS adoption is climbing quickly, with the Indian SaaS ecosystem already the second largest globally. The Indian economy set to become the third largest globally by 2030 and the demand for SaaS based risk technology has never been higher.   Local regulators, including SEBI and the RBI, expect organisations doing business in India to have increasingly robust risk and IT governance programs, while ensuring their critical IT systems are secure and onshore. These capabilities are now must haves. The Archer team in India is proud to enable risk management excellence for many Indian organisations. We are actively working with multiple marquee Indian customers in financial services and IT/IS to already run risk workloads in the cloud and to migrate some on-premises deployed customers to Archer SaaS.   To learn more about Archer SaaS in India, please register your interest here.

“By 2027, 45% of chief information security officers (CISOs) will expand their remit beyond cybersecurity, due to increasing regulatory pressure and attack surface expansion” per Gartner®. We believe this isn't just an expansion of responsibility; it's a strategic shift towards unified security management, recognizing the interconnectedness of threats and vulnerabilities. But what are the actual benefits for CISOs and their businesses? Let's explore three key advantages:   1. Holistic Risk Mitigation:  Imagine a security siloed in a bunker, unaware of the cracks in the foundation. Traditional, cyber-focused approaches often miss broader vulnerabilities arising from physical security gaps, business continuity vulnerabilities, and even employee error. Unifying IT, physical, and operational security under one umbrella allows CISOs to identify and address holistic risks, preventing cascading failures and minimizing their impact on the business.   Impact:  This proactive approach can significantly reduce overall risk exposure, preventing costly breaches, production downtime, and reputational damage. Businesses benefit from increased resilience, a more agile security posture, and the ability to proactively manage potential crisis scenarios.   2. Streamlined Operations and Reduced Costs: Duplication of effort is a resource drain. Managing separate security tools and processes for each domain is inefficient and expensive. By consolidating under a unified platform, CISOs can streamline operations, optimize resource allocation, and eliminate redundant tasks.   Impact:  This reduces overall security management costs, frees up valuable resources for innovative initiatives, and improves operational efficiency. Teams can collaborate more effectively, share intelligence across domains, and respond to threats faster, boosting overall productivity and security effectiveness.   3. Enhanced Decision-Making and Strategic Alignment: Siloed data leads to siloed insights. Without a holistic view of threats and vulnerabilities across the organization, CISOs struggle to make informed decisions and secure buy-in from key stakeholders. A unified platform provides a single source of truth, enabling data-driven decision-making and strategic alignment with business objectives.   Impact : CISOs gain a deeper view of security risks and can prioritize investments based on business impact. This fosters trust and collaboration with leadership, aligning security initiatives with business goals and creating a culture of proactive risk management across the organization.   According to us, Gartner prediction isn't just a trend; it's a glimpse into the future of effective security management. By embracing a unified approach, CISOs can move beyond firefighting, mitigate holistic risks, streamline operations, and elevate their strategic impact. Businesses reap the rewards of increased resilience, reduced costs, and a more robust security posture, ultimately navigating the ever-evolving threat landscape with confidence.   For a very limited time, we’re offering Archer customers and future Archer customers a complimentary copy of the report “ Gartner’s Top Strategic Predictions for 2024 and Beyond — Living With the Year Everything Changed. ”   This Gartner report offers predictions for trends, challenges, and strategies that will impact risk management in 2024 and beyond. The report covers Gartner insights on the evolving risk management landscape, advancements in technology, regulatory changes, and their consequential impact on business practices. It also provides actionable insights and proven strategies for effective decision-making and risk mitigation in the coming year.   Don't miss the opportunity to leverage Gartner expertise to stay ahead of the curve in 2024 and beyond. Read the report now!     Gartner, [AC1]   Gartner’s Top Strategic Predictions for 2024 and Beyond — Living With the Year Everything Changed, Daryl Plummer, Frances Karamouzis, and 36 more   GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

On March 4, AWS announced plans for a new infrastructure region within the Kingdom of Saudi Arabia in 2026, supporting Saudi Arabia's ambitious Vision 2030 goals, accelerating digital transformation, and promoting a secure and technologically advanced business environment. This strategic move signifies AWS’s commitment to the Middle East and also heralds a new era of integrated risk management for the region with Archer SaaS.   Archer intends to leverage AWS infrastructure in the region as soon as it becomes available, to enable delivery of unparalleled service performance and reliability for Archer SaaS. We understand the critical importance of data residency and security for businesses operating within Saudi Arabia. The planned AWS region in the Kingdom provides an opportunity to revolutionize how organizations operating in Saudi Arabia manage risk, assurance, and resiliency using Archer SaaS.   Archer's integrated risk management platform, powered by AWS, is far more than a mere tool – it's a comprehensive solution crafted to streamline compliance, enrich decision-making, and cultivate a culture of resilience and innovation. By leveraging advanced quantification and AI capabilities, Archer ensures assurance and fortifies enterprise resilience. Our holistic approach assures that organizations meet regulatory compliance and effectively mitigate risks. Archer SaaS paves the way for a more disruption-resistant digital transformation, enhancing resilience across technology, operations, and the extended enterprise.   As part of our continued support and investment in the region, the combination of AWS’s robust infrastructure and Archer's innovative risk management platform will ensure that Saudi businesses remain at the forefront of risk management best practices. Archer is ready to help redefine the landscape of risk management for businesses operating in the Kingdom. We aim to be a key player in enabling organizations to turn risk and compliance into a strategic advantage.   Interested in learning how Archer SaaS can elevate your organization’s risk and compliance management program? Contact us today.

On March 6, 2024, the SEC finalized its much-anticipated climate disclosure rule for public companies.   The final ruling introduces new mandatory reporting requirements and presents a significant shift for public companies, impacting the entire C-Suite (CFOs, CIOs, CSOs, CCO). Here's a breakdown of the key things executives need to know to prepare for these new mandatory disclosures. What the New Rule Requires: Material Climate-Related Risks. Companies must identify and disclose the present and predicted impact of climate change on their business. This includes physical risks (extreme weather, rising sea levels) and transition risks (regulatory changes, carbon pricing). Risk Mitigation Strategies. Outline the actions your company is taking to mitigate or adapt to climate-related risks. This could involve investments in clean energy, supply chain resilience strategies, or climate-resilient infrastructure. Board Oversight and Management Role. Demonstrate how the board oversees climate-related risks and how management integrates these considerations into strategic decision-making. Climate-Related Targets and Goals (if material). If your company has set climate targets (e.g., net-zero emissions by 2050), you'll need to disclose those, as well as any progress made towards achieving them. Financial Statement Impacts. Companies will need to disclose the financial implications of climate change, including capitalized costs associated with severe weather events and potential write-downs of assets affected by climate risks. Action Steps for Your C-Suite: Cross-functional Collaboration. Effective ESG reporting requires collaboration between finance, IT, sustainability, and legal teams. Establish a clear ESG task force with representatives from each department. Data Gathering and Management. Climate disclosures hinge on robust data. Assess your current data collection and aggregation practices. Identify any gaps in your information and manual processes that could hinder the efficient collection of data related to climate risks and opportunities. Standardization and Consistency. Ensure consistent application of ESG metrics across the organization. For metrics and guidance, consider leveraging frameworks like the Sustainability Accounting Standards Board (SASB) or the Task Force on Climate-Related Financial Disclosures (TCFD). Technology Integration. ESG software solutions can significantly improve data collection, reporting, and scenario modeling. Evaluate and implement software that simplifies compliance and streamlines ESG integration into existing workflows and your enterprise risk management platforms. Internal Communication and Training: Educate your team on the new SEC rules and their impact on different departments. Foster a culture of transparency and accountability around ESG practices. How Archer ESG Solutions Can Help: Automated Data Collection. Archer ESG Management can quickly and efficiently gather, aggregate, and analyze ESG data internally and across your supply chain, empowering decision-makers with actionable, accurate, and timely data. Streamlined Reporting. Generate standardized ESG reports that comply with the SEC's new regulations and streamline disclosure processes.  Archer ESG Disclosure Management is a comprehensive solution that addresses the growing demand for transparency in ESG reporting and allows for systematic and efficient capture of climate-related disclosures. Materiality Assessment.  Archer Double Materiality Calculator helps you quickly and easily assess, calculate, and report on double materiality impacts. Pre-configured assessments based on the E.U. ESRS framework allow for the evaluation of impact and financial materiality assessment. Integrate to the ERM Suite.  The Archer platform allows you to connect to governance, risk, and compliance use cases for a holistic and programmatic approach.  This connectivity provides an integrated view that ensures that ESG is not treated in isolation but rather as an integral part of a broader corporate ERM strategy. The Road to Sustainability The SEC's new climate disclosure rules mark a significant step towards greater transparency in corporate sustainability practices. By taking a proactive approach, prioritizing collaboration, and leveraging technology solutions, your organization can comply with regulations and demonstrate leadership in the evolving ESG landscape. Archer’s ESG solution enables organizations to collect and centralize ESG data into a single platform, evaluate the impact of risks and the opportunities on business strategy, understand 3rd party ESG risks, set ESG goals, and produce auditable reporting all from one integrated platform. If you would like to learn more about how Archer ESG Management Solutions can help your organization address the SEC’s latest rule on climate-related disclosures, download the whitepaper, ESG Reporting: From Data to Action.   For more information or if you would like to speak to an Archer ESG expert, you can contact us here.

The environmental, social and governance (ESG) world is entering a new era characterized by regulatory compliance, with multiple jurisdictions either adopting or finalizing sustainability reporting regulations. This shift brings both benefits and challenges. On one hand, companies gain standardized rules for aligning their reporting activities. On the other hand, they face the task of setting up efficient and cost friendly ESG reporting programs. The issue lies in leveraging technology to automate reporting compliance processes while ensuring scalability. At Archer, we recognize this challenge. To address it, we have developed ESG Management solution to help companies collect, manage, and report data for regulatory ESG frameworks. Our latest ESG release introduces core capabilities designed to facilitate compliance with regulatory standards, such as CSRD ESRS and IFRS Sustainability Standards. EU CSRD The European Commission (EU)'s adoption of the Delegated Act on European Sustainability Reporting Standards (ESRS) on 31 July 2023 marks a significant milestone. ESRS, mandated by the Corporate Sustainability Reporting Directive (CSRD), applies to over 50,000 organizations globally, on a various scale, from 1 January 2024. Archer's phased release of the ESRS reporting framework aims to support companies in meeting the requirements of this regulation. As part of this journey, companies must conduct a double materiality assessment to identify important disclosure topics from both impact and financial materiality perspectives. Archer's Double Materiality Calculator (DMC), released in September 2023, empowers companies to kickstart their sustainability efforts by identifying most material topics. In our latest ESRS release, we are excited to introduce enhanced capabilities aligned with companies' reporting requirements. These capabilities include the reporting framework for ESRS 1, ESRS 2, Environment (E)1, and Social (S)1, translating complex regulatory requirements into a structured, automated workflow for efficient reporting. Furthermore, Archer's ESG solution enables the collection of diverse set of information, including metrics and disclosures according to ESRS guidelines. Integrating with Archer's existing risk and issue management modules, companies can identify and act upon impacts, risks, and opportunities (IRO) effectively and all from one place. Moreover, companies can in real time track their progress in completing ESRS as they advance through different stages of reporting. In the next upcoming phases, we’ll be releasing the remaining topical ESRS standards across E, S and G.   IFRS Sustainability Standards The International Sustainability Standards Board (ISSB) of the International Financial Reporting Standards (IFRS) Foundation introduced two key sustainability standards, namely IFRS S1 and IFRS S2, in June 2023. IFRS S1 focuses on disclosure requirements that enable companies to effectively communicate sustainability-related risks and opportunities to investors. On the other hand, IFRS S2 outlines specific climate-related disclosures, intended to complement, and be used alongside IFRS S1. While IFRS Sustainability Standards do not constitute a regulatory framework in themselves, their widespread recognition has prompted several countries to express interest in integrating these standards into their national sustainability reporting frameworks. Among these countries are the U.K., Brazil, Canada, Singapore, South Africa, and more, reflecting a global movement towards adopting comprehensive sustainability reporting practices. With the latest capabilities introduced in our ESG Management solution, companies can effectively report based on IFRS S1 and S2. Our dedicated reporting framework enables companies to streamline their IFRS S1 and S2 reporting, enhancing data collection, structuring, analysis, and risk management capabilities. Take Actions Accelerate your ESG regulatory reporting journey with Archer for improved efficiency, seamless integration, and a comprehensive approach. Register to join us on April 19, 2024 for the Free Friday Tech Huddle (FFTH) dedicated to the latest ESG solution release. To learn more and see the latest functionality in action, contact your dedicated sales representative today to discover how Archer can help you to comply with sustainability regulations.

In today’s constantly changing regulatory landscape, it is challenging for organizations to have an efficient regulatory change management program. Organizations are overwhelmed with an increasing volume of regulatory information about new laws and regulations, along with changes to existing laws and regulations that they need to keep up with. Managing regulatory changes manually across your enterprise can take hundreds of hours of reading, assessing, and defining implications and requirements for your organization. The lack of automation for regulatory change management makes it difficult to ensure you are appropriately managing legal, risk, and compliance activities. Leveraging an automated approach for your regulatory change management processes enables organizations to increase accuracy, improve productivity, and reduce the chance that compliance gaps will be missed. Archer Compliance AI is a regulatory change management solution that applies purpose-built machine learning models to automatically monitor the regulatory environment for relevant changes and map them to your internal policies, procedures, and controls. Our solution provides: Automatic task delegation and prioritization Automatic obligation extraction Real-time dashboards that automatically collect and analyze new regulatory content Visit https://www.archerirm.com/compliance-ai to learn more.

In an era of heightened concerns over climate change, environmental, social, and governance (ESG) considerations are taking on greater importance for the world's leading financial institutions. For global banks, ESG objectives are more than just a compliance requirement; they are a critical priority that calls for innovative technological solutions.   With the increasing focus on environmental responsibility, bank CIOs play a crucial role in driving sustainability initiatives within their organizations. A recent Gartner report stated that "by 2027, 25% of all CIOs across industries will have their compensation tied to their sustainable technology impact."  This pivotal role involves not only ensuring the company's technology infrastructure minimizes emissions but also bolsters the business's resilience against climate-related disruptions. One of the critical responsibilities of bank CIOs in driving sustainability initiatives is leveraging data analytics for measurement and reporting. By analyzing data related to energy use, emissions, and other environmental impacts, CIOs can identify areas for improvement and track progress toward sustainability goals. This data-driven approach not only helps banks stay accountable but also allows them to make informed decisions that benefit both the environment and their bottom line. In addition to data analytics, bank CIOs lead the efforts to adopt sustainable technology within their organizations. This includes leveraging AI and cloud computing services to reduce energy consumption and carbon emissions associated with traditional on-premises infrastructure. AI will significantly impact the banks' ability to minimize their environmental impact, and the CIO will be at the forefront of these efforts. The pressure will be on the CIO to choose the right ESG technologies and platforms to help the business achieve these goals. The right ESG platform can significantly elevate a company's sustainability program, streamlining data collection and analysis automation, enhancing scalability, flexibility, and integration with existing enterprise risk systems, and leveraging AI for compliance and analytics. Archer ESG Management solution can help CIOs meet these challenges, providing the tools needed to deliver on sustainability commitments, carbon emission reporting, double materiality assessments, and adherence to leading ESG frameworks like TCFD, SASB, and GRI.   As the world faces increasing climate-related challenges, banks must prioritize ESG objectives and work towards a more sustainable future. With CIOs leading the way, financial institutions can position themselves as leaders in environmental stewardship while also meeting the demands of socially responsible consumers and investors. Interested in learning more? Read the Gartner report, “ Environmental Sustainability: Top ESG Trend for Bank CIOs in 2024 ,” compliments of Archer and only available for a limited time.   We also encourage you to speak with one of our experts  to explore how Archer can support you in initiating or advancing your sustainability and risk management programs.   Gartner, Environmental Sustainability: Top ESG Trend for Bank CIOs in 2024, Derek Frost, 14 December 2023.   GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.   Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Navigating the increasingly complex web of risks today -- from business disruptions and economic uncertainties to cyber threats and physical incidents -- requires a sophisticated approach to risk management. Managing the extensive details of risks, controls, incidents, and claims has also become increasingly challenging.  Multiple teams, separate systems, and data silos make it difficult to gain a comprehensive view of the risks at hand. It's akin to solving a puzzle with missing pieces, made even more challenging with the growing amount of data from various sources. So, how do you coordinate all of the details to minimize losses while also trying to improve your processes and controls? Enter Archer RMIS AI, the only solution that combines RMIS, artificial intelligence (AI) and governance, risk, and compliance (GRC) capabilities to help you build a more coordinated risk management process. Archer RMIS AI provides workflows and predictive analytics that help you implement smarter processes and controls. It positions you to build a comprehensive view of your organization’s risk landscape so you can act effectively and make more strategic decisions. Need a quick summary of everything that’s happened since you last reviewed the data?  Need to analyze trends in incidents, loss events, and claims? Concerned about that one claim that could impact your entire company? Archer RMIS AI is the answer. It's time to embrace the evolution of risk management with Archer RMIS AI to navigate the challenges of today's world with confidence and resilience. To learn more, register today for our April 23 webinar, hosted by RIMS, the Risk Management Society, “ Advancing RMIS: Strategies for Modern Risk Management , ” on Tuesday, April 23, 2024, at 11:00 am ET. Attendees will learn about: The critical need to transition from traditional RMIS solutions to advanced systems capable of navigating the complexities of today's risk landscape. The strategic benefits of aligning RMIS with GRC strategies to drive new insights and operational efficiencies. The enhanced decision-making and operational risk management made possible with the integration of incident and loss data with RMIS technologies.   Be sure to use promo code “RIMSARCHER50” to waive the $50 fee.

Navigating the intricate web of regulations and risks in today's business environment is challenging. With constantly evolving laws, information scattered across departments, and the daunting task of distilling actionable insights from large amounts of data, effective risk management can feel like an impossible task. Making mistakes can be costly in both time and money, resulting in fines, penalties, and tarnished reputations. Adopting a simpler and more efficient approach to risk management can help you navigate today's complex web of regulatory changes and scattered information, avoid expensive fines, and reduce risks. Unified View for Informed Decisions: Embracing an end-to-end assurance program enables you to gain invaluable insights into your organization's myriad risks. From operational vulnerabilities to compliance gaps, a unified view empowers decision-makers with the clarity and foresight necessary to manage and mitigate risk. Efficiency Through Automation: The relentless onslaught of new regulations poses a formidable challenge to stay abreast of ever-shifting legal frameworks. By using AI-driven automation, you can go beyond the limitations of manual monitoring. Automatically tracking and analyzing regulatory changes saves time and resources and mitigates the risk of overlooking regulatory updates and changes that could expose the organization to compliance breaches and penalties. This advanced technology ensures a high level of accuracy, making you feel more secure in your risk management processes. Quantitative Risk Assessment: Not all risks are created equally; prioritizing them is critical to effective risk management. Understanding the priority of risks is critical for effective risk management. Identifying and prioritizing the most significant risks is vital to allocating resources effectively and safeguarding against potential pitfalls. Through quantitative enterprise risk management, organizations can quantify the impact and likelihood of various risks, enabling a targeted approach to risk mitigation. Businesses can optimize their risk management by focusing on the most consequential and costly risks. An end-to-end assurance program, automated regulatory change management, and quantitative enterprise risk management can create value for your risk management efforts. To learn more, register today for our May 14 webinar, hosted by OCEG, “ Mastering Risk & Regulatory Change with AI Automation and Risk Quantification ,” on May 14 at 11:00 AM ET, to: Learn how a unified view of your company allows you to effectively understand the risks your company faces. Discover how automatically monitoring new and upcoming regulations can save you time and money. Learn how quantitative assessments can enable you to focus on the most important and expensive risks.

In today's complex cyber threat landscape, organizations face an ongoing challenge to have robust security measures to detect and respond to threats effectively. It has become critical to have visibility into your organization's security landscape to protect your network assets from cybersecurity threats. The ability to create a detailed inventory of network assets to address the cyber threat challenge not only allows your security teams to prioritize remediation efforts effectively but also empowers them to take control of the situation. A significant cybersecurity challenge is the lack of visibility into network assets. Organizations need help maintaining an accurate inventory of all devices, systems, and applications connected to their networks. This is a serious challenge because any unknown assets can become cyberattack entry points. Organizations must understand everything that needs to be secured. Organizations' ability to obtain a comprehensive inventory of all network assets, including endpoints, servers, IoT devices, and applications, will provide a more robust view of their landscape. This complete asset inventory, as the foundation of their cybersecurity strategy, will ensure that no device or system goes unnoticed and reduce the risk of vulnerabilities being exploited due to oversight. Identifying and understanding vulnerabilities within network assets is another critical challenge. Vulnerabilities can vary widely in severity and impact, making knowing which vulnerabilities to address first is challenging. However, getting detailed insights into potential security flaws and assessing their severity can enable you to understand how they can be exploited. This information equips your security teams to understand the scope and nature of the cyber threats facing your organization, making decision-makers feel informed and responsible. Organizations must have a prioritization strategy for risk remediation to ensure that critical assets are not exposed. To ensure important issues are addressed first security teams should prioritize remediation efforts based on the criticality of each asset. Organizations can mitigate the most pressing risks first by focusing on fixing vulnerabilities that pose the highest risk to the most critical systems and data. Continuous monitoring is not just a necessity but a proactive measure in the ever-evolving cyber threat landscape. Scanning your network helps ensure that any new vulnerabilities are identified and that remediation efforts are tracked and adjusted. This allows you to maintain a robust security posture. Archer can help you reduce your cyber risk by identifying and addressing vulnerabilities and prioritizing risk remediation efforts. Archer's recently released integration with Rapid7 InsightVM   enables organizations to catalog network devices and assess vulnerabilities.   Contact us  for more information or to speak to an Archer expert.