Cloud-based Risk Management

Business Stream, the business division of Scottish Water, is to implement a Cloud-based risk management platform which aims to streamline and unify its Risk and Controls activities.

It’s claimed the software, Risk Manager from Xactium, will encourage a “collaborative approach to risk management through its organisation-wide visibility and remote accessibility”.

There are hopes the implementation at Business Stream, which provides water and waste services to over 96,000 businesses and the public sector in Scotland, will also promote better risk culture across the organisation, together with improvements to business efficiency, and “demonstrate Business Stream’s risk management commitment to customers and industry regulators”.

Risk Manager is built on Force.com, the Cloud application platform from Cloud Computing vendor, Salesforce.com.

Paula Louchart, IT solutions manager at Business Stream, said “Xactium’s Risk Manager stood out for us because of the speed and ease of implementation.

We were already familiar with Salesforce, so we know that the platform offers impressive business advantages, such as better visibility and effortless reporting”.

“We are delighted that we have been able to provide Business Stream with a risk solution that matches their forward-thinking ethos,” added Andy Evans, managing director of Xactium.

“It is a very positive sign for us that businesses are now recognising the value of cloud-based risk management. The flexibility and customizability it offers hasn’t been available with traditional systems.”