Risk Management
Interested?
If you would like to find out more information about any of our products or contact us to discuss how we can help you, then please click here.
Alternatively contact us on telephone number +44 (0)1628 582 500 (EU) or +1 (703) 673 9580 (US).
Quick Links
Download the CLRM Flyer
News
-
ARM now available on the USA GSA Schedule 70 ()
The U.S. GSA has awarded STG a five-year Multiple Award Schedule (MAS) contract for the supply of ARM. more
-
Controls Management ()
STG has released major enhancements to support operational, financial and regulatory controls management. more
-
CEO relocates to US ()
STG further demonstrates its commitment to its US customer base and the growing ERM market in America. more
-
ARM 4 now available ()
STG announces the immediate availability of ARM 4 the latest release of Active Risk Manager. more
ARM >
Product Strategy
Closed-Loop Risk Management (CLRM) is vision and strategy that leads the development of Active Risk Manager. CLRM guides us as we consider new initiatives and insights in Enterprise Risk Management (ERM) and in particular as the Compliance and ERM markets converge.
The foundations of closed-loop risk management lie within the science of cybernetics, the study of systems, communication and control. Applying cybernetics to ERM allows us to analyze and subsequently enhance the effectiveness of processes through defined feedback loops, thereby enabling learning, enrichment of knowledge and adoption.
As the capability of Active Risk Manager (ARM) grew, there was a responsibility to define a clear product strategy that would guide the future development of the product, taking into account both our vision and customer requirements.
CLRM was developed to guide the delivery of a single integrated ERM product. It is therefore committed to the improvement of communication and effectiveness within an organization, and able to support the broadest range of risk, governance and compliance standards, including COSO (ERM & Controls), PmBok, HIPAA, CMMI, RMM, CMI, COBIT, SarbOX, HSC, FDA, The Orange Book, EFQM and Basel II.
As a result, ARM provides the functionality required for the implementation of these frameworks. Furthermore, ARM goes the extra mile in providing configurable capability that allows businesses to apply their own ERM process.
Closed-Loop Risk Management (CLRM) is Strategic Thought’s vision for ERM and Compliance and has been developed for the specific purpose of guiding the ARM product strategy.
ARM, guided by CLRM, is the leading ERM solution available today with thousands of users in more than 170 organizations.
Functionally comprehensive to meet different industry sector requirements in a single system, highly configurable to meet different risk management standards, Active Risk Manager offers its customers the highest levels of proven user experience.
Customers can gain significant time, financial and operational savings by investing in a single solution that is reliable, auditable, & secure, providing the board with a unified view of governance, risk and compliance issues.
To read the full Briefing Note on Closed-Loop Risk Management, please download the pdf from the box on the right.