Profile Pensions provide a service offering impartial pension advice by a qualified team of pension professionals. As the organisation grows and changes, there is an increasing challenge when using spreadsheets. Profile Pensions recognised the need for enterprise risk management system and selected Xactium as its preferred vendor.
With the company undergoing expansion, the need for an enterprise risk management system which was flexible, innovative and intuitive were part of the requirements in the selection process. Part of the challenge of managing and manipulating spreadsheets makes the goal of passing the ownership of risk to the first line of defence, as well as effectively supervising activity almost impossible.
Xactium is one of the more flexible and adaptable enterprise risk management systems available today. Profile Pensions will now have the ability generate a wide variety of risk reports and dashboards at the click of a button, select their preferred workflows and view the organisations risk status in real time as some of the key features of the Xactium product.
Adam Wearing, Chief Financial Officer at Profile Pensions says “Xactium was recommended as a system built on a common platform that has functionality to grow with us as a business. As a regulated company identifying, assessing and managing risks is critical. Xactium has the intuitive functionality to be used by the entire business.”
Andy Evans, Managing Director, Xactium commented: “As a rapidly expanding business, we are confident that the flexibility and scalability of our risk solution, means that it will readily adapt to Profile Pension’s needs. We very much welcome working with Profile Pensions who selected us from a number of other vendors based on our uniquely modern and innovative solution.”
Xactium is a cloud based GRC software provider that helps Risk Managers to transform the way that organisations evaluate and manage their enterprise risk. The value of the risk process and its profile is raised through the use of risk intelligence that improves efficiency and creates insights that influence decisions across the business.
Xactium is the world's first enterprise risk-intelligent system, with the revolutionary use of embedded AI (Artificial Intelligence), 3D visualisation and automation that dramatically improves efficiency and creates innovative analytics. Reporting is made easy and timely, and predictive insights enable senior managers to prioritise resources.
Xactium is also built for managing change and is probably the most flexible and configurable enterprise risk management system available today. This adaptability ensures that our customers stay up to date and able to respond to both business and regulatory change, without the need for costly bespoke programming.
Overall, Xactium releases more time and resource for the risk team to help promote best practice and demonstrate the value of risk across the business through actionable insight.