On the back of two consecutive InsuranceERM UK & Europe Awards, Decision Focus is delighted to announce that its flexible, no code governance, risk and compliance (GRC) platform has just scooped the prestigious ‘ERM End to End solution’ in the InsuranceERM Americas Awards 2023. This third award win recognises how the Decision Focus solution addresses and solves US insurers’ assurance ‘pain points’, inspires confidence with the regulators and contributes to significant enhancement of risk culture within user organisations.
With intuitive and customisable dashboards and workflows, Decision Focus automates and streamlines key regulatory compliance processes, enhances risk assessment capabilities and improves governance practices. The award recognises how the tool helps minimise the administrative burden of documenting risks and focuses efforts on identifying, understanding and quantifying risks, in order to implement mitigation strategies and controls, in line with regulatory standards. It acknowledges the strength of the integrated assurance model that the Decision Focus platform supports.
Modular in design, the platform supports integrated assurance – a ‘single source of GRC truth’ – that can be added to and evolve over time to support customers’ risk maturity and GRC infrastructure development. The modules cover the wide range of activities, ranging from Risk and Control Self Assessments, Third Party Risk Management, Operational Resilience, Compliance Monitoring, Internal Audit, to name but a few.
Commenting on the win, Jeff Robinson, partner at Decision Focus said: “They say good things come in threes and we are delighted to have secured the ‘ERM End to End solution’ in the InsuranceERM Americas Awards 2023. The award is another significant achievement and testament to the innovation, energy and shared vision within the Decision Focus team to drive first-class results for our customers.
“Given we have senior ex-assurance professionals, with excellent industry experience ourselves, the Decision Focus team is well placed to understand the nuances of the challenges that our customers face and address them with value-adding solutions. We aim to be the ‘go to’ assurance GRC system provider for insurance organisations and continue to push the envelope with a pragmatic and proportionate framework that can be implemented fast, with the flexibility to adapt rapidly to the evolving GRC landscape, to surpass business objectives and ensure regulatory requirements are met with confidence.”
In fulfilment of its ambitious growth strategy, Decision Focus is widening its reach and deepening its penetration into US-markets, being used to support US regulatory compliance. Modules extend to all aspects of assurance, providing functionality for Sarbanes Oxley, Risk & Control Self-Assessment, Policy Management, Third Party Risk, Quality Assurance for Claims, Underwriting Audits, Information Security and much more. Decision Focus also plans to evolve and expand its modules in response to increased demand for our capabilities.
Is your company currently looking to boost its Operational Risk Management? Contact the team at Decision Focus to find out how integrated assurance can help you right now. Our company helps companies like yours handle regulatory changes with ease. It’s never too late to improve your risk management framework. Let us show you how to do it!