CS STARS Releases Enhanced Enterprise Risk Management (ERM) Features in Newest Version of STARS Enterprise[TM].CHICAGO -- CS STARS LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the industry's leading provider of Risk Management Technology, today announced the newest release of STARS Enterprise which includes features specifically focused on supporting clients' Enterprise Risk Management (ERM (Enterprise Relationship Management) An umbrella term with many shades of meaning over the years. It may refer to the management of information from any or all of an organization's customers, suppliers, business partners and employees. ) programs. The new release of STARS Enterprise, available immediately, provides clients with tools for measuring and managing their financial, strategic and operational risk under a single, unified platform that supports data collection, storage and analysis. STARS Enterprise has integrated a comprehensive set of auditing tools with Risk Registers that support enterprise-wide risk categorization. Risk Registers allow a client to define and categorize its most critical business risks; measure against company-specified metrics or thresholds; and manage follow-up mitigation efforts. Because Risk Registers are integrated within the STARS Enterprise framework, all of the associated tools for workflow, notification, reporting and communication are built-in and available to customers using the feature. Heat maps, ERM dashboards, and event-specific alerts are all integrated within Risk Registers. In its recent ERM Study, CS STARS polled its client-base to gauge levels of activity and planning for adopting an ERM framework. The firm found that most of its clients were in the early stages of ERM program adoption. Because Risk Registers provide the foundation for a strong ERM program, CS STARS chose to expand its capabilities in this area to simplify ERM adoption for its clients. "CS STARS is addressing the challenges of Enterprise Risk Management head on with this release," said Bill Diaz, president of CS STARS. "Our clients have been using CS STARS products to support ERM for a number of years, but this is STARS' first fully integrated ERM toolset designed specifically to simplify key ERM processes and help those just getting started with their programs." In combination with its parent company Marsh, CS STARS is able to provide software as well as consulting support to clients adopting an enterprise risk management approach. Through Marsh Risk Consulting, clients have access to industry experts who can assist with the development and implementation of a fully integrated ERM framework and plan. "The STARS offering is an efficient and cost-effective way for our clients to address a range of ERM functionality needs," said Mathew Allen, practice leader for Marsh's Enterprise Risk Services and Solutions group. "When combined with our ERM consulting services, clients have the tools needed for establishing and executing on an ERM program that supports better business decisions across-the-board." To learn more about STARS Enterprise[TM] solutions for supporting ERM or to request an interview with a CS STARS representative, please contact: Gabrielle Vetrone CS STARS LLC (650) 728-7218 gvetrone@csstars.com About CS STARS LLC CS STARS LLC, a business unit of Marsh, serves the technology needs of risk management professionals, as well as insurance carriers and third-party administrators - delivering integrated software Separate software components or applications that have been combined into one package. See integrated software package. and services for risk, claims and compliance management. CS STARS' primary software platform, STARS[TM] Enterprise[TM], supports comprehensive risk management, enterprise risk management (ERM) and compliance and safety management. CS STARS has approximately 500 employees worldwide and serves more than 1000 clients. Its software and services help clients improve business processes, manage costs and reduce enterprise risk. CS STARS Web Site is www.csstars.com. About Marsh Marsh has 23,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC See MultiMediaCard and Microsoft Management Console. ), a global professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm with more than 54,000 employees and annual revenue exceeding $11 billion. MMC also is the parent company of Guy Carpenter Guy Carpenter was fictional character in the Australian soap opera Neighbours played by Andrew Williams from 1991 to 1992. Family Tree
consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . MMC's stock (ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : MMC) is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . MMC's Web Site is www.mmc.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion