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The One Advice Group chooses Xactium Risk Manager to support its Risk Management Framework

Posted by Chris Bell on Mon, Jul 13, 2015 in Risk Management

one_advice_group-460252-editedLondon, UK, July 13, 2015. Xactium Ltd, today announces that The One Advice Group has chosen Xactium’s Risk solution to support its risk management framework. The One Advice Group provides a range of customer-centric, professional financial and legal services, debt and personal insolvency solutions for customers UK wide. The group incorporates Harrington Brooks (Accountants) Ltd.

“The One Advice Group decided to move to a Risk Management solution to support its recently enhanced Risk Management Framework and to satisfy regulatory requirements to ensure the group has adequate, sound and appropriate risk management processes and internal control mechanisms.” Austin Muscatelli, Group Head of Risk and Compliance, The One Advice Group.

On the reason for choosing Xactium Risk Manager, Austin stated; “We chose the Xactium Risk Manager solution because of its extensive functionality, reporting suite and ease of implementation and customisation. The product also has the functionality to effectively support a group environment where the impact of risk varies across each business area due to different regulatory bodies and business models. The enhanced reporting will enable the Board to closely monitor the Group’s risk profile in line with its defined appetite.”

Andy Evans, CEO, Xactium Ltd, “Following our recent news that the Financial Conduct Authority has implemented Xactium Risk Manager, this announcement demonstrates the scalability of Xactium Risk Manager and its suitability for organisations of any size that need to manage and report on risk throughout their organisation. Xactium has a great deal of experience working with organisations at a very similar stage in their risk management maturity and as a result our solution was a fantastic fit with the requirements of The One Advice Group. I am positive our risk management solution will successfully support the enhanced risk management framework that is being implemented. This project demonstrates Xactium’s ability to quickly deliver a comprehensive risk management solution into a group structured organisation that meet their requirements of user friendliness, flexibility and regulatory compliance support.” 

About Xactium

Xactium Risk offers unrivalled flexibility, enabling organisations to configure virtually all aspects of the solution to their specific risk management needs. Its intuitive, user-friendly interface, in-built collaboration tools and easy cloud deployment makes roll-out fast and effective. Powerful reporting and monitoring capabilities enable easy analysis and reporting of risk positions in real-time.

Xactium is a leading enterprise cloud computing company delivering Governance, Risk and Compliance (GRC) solutions on the world's leading cloud computing platform, Force.com® platform from Salesforce® - Forbes' most Innovative Company for the past 3 years.

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About The One Advice Group – Leading the way in the provision of customer-centric financial services, debt and personal insolvency solutions, legal claims and advice for customers nationwide.

It is the Group’s intention to create a safe place for our customers to find counsel, guidance and support, ensuring they receive the most suitable, appropriate advice.

The One Advice Group is one of the region’s largest employers and has an engaged role in supporting local communities, charities and schools through fundraising activities to Financial Education for future generations.

Companies in the group provide services that help customers to attain and then maintain a healthier wallet which include Harrington Brooks (Accountants) Ltd.

Spreadsheets Prevent Effective Risk Management