The management of information through technology has become commonplace in today’s risk management community.  Automated systems of all types abound.  All organizations, public or private, large or small, rely on some type of risk management information system (RMIS) and its underlying data.  It may be “off-the-shelf" through an insurer, TPA, broker or other source.  It may be a home-grown one, relying on such common products as Microsoft Office.  It may be a combination of all or some part of the above.

Measuring the effectiveness of these systems, the accuracy of the data upon which the systems rely, and the logic of the existing business processes in place is paramount to an organization’s success.

We help clients get answers to the following questions:

• Am I getting the most out of my system(s)?
• Are my data accurate?  If not, what do I do about it?
• Is my system obsolete?
• There are over 50 systems out there:  how do I figure out which one is best for me?
• How do I evaluate the effectiveness of my current system and the performance of my current system provider?
• Are the right people getting the right reports from my RMIS?
• What business processes are unnecessary or need streamlining?
• How do I cost justify a new or improved RMIS?
• Is the RMIS my ally or my enemy?
• What are the benefits of web-based vs. client-server technology?

Our Risk Information Consulting practice provides services to clients in the following significant areas:
 
1. System Selection and Implementation: Our core practice area involves helping risk executives find and implement a RMIS that best meets their needs. This often includes one or more of the following:

• System needs assessment
• Cost-benefit analysis
• Vendor evaluation
• Contract negotiation
• Implementation support

2. Customer Project Management (representing your interest)
 
3. Best Practices Development and RMIS Optimization

• System(s) maximization study
• Comparative industry analysis

4. Data Management

• Data accuracy/consolidation analysis
• Mergers/acquisitions impact study

5. Business Process Optimization/Remediation

• Identification of bottlenecks or gaps in information management processes
• System integration with improved business processes
• Enterprise risk management system evaluation and support

For more information please call 781-449-2866 and ask for David Tweedy or click here to send an email.