EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
IRM+: technology-enabled integrated risk management services
EY teams combine deep professional experience, proven ability to help deliver transformation projects and broad technical knowledge of the ServiceNow platform.
Risk management challenges
Internal and external risk management stakeholders are struggling in everyday scenarios. The six most frequent challenges observed across all sectors are:
- Risk management tackled in silos due to lack of governance and integrated strategy
- Effective point solutions are not integrated
- Operating models insufficiently define roles and responsibilities
- Duplication and segregation lead to poor analytics and reporting
- Overhead of existing environments is unsustainable and inefficient
- First line assessment fatigue due to overlapping assessments and testing
IRM+
IRM+ is both an approach and a suite of tools that transform typical risk management use cases by reframing them with a specific set of questions. It leverages advanced technology architecture that reacts to today’s risk management challenges.
IRM+ is successfully enabled by a broad approach that marries business and technology activities with governance and organizational change management.
EY solutions focus on insights, automation and the connected enterprise, and include:
- Workflow automation
- Responsive analytics
- Dynamic reporting
- Natural language processing/machine learning
- Modern architecture design (e.g., microservices)
- Scalable Application Programming Interface (API) fabric
What clients can expect:
- Technology at speed
- Reduced tech debt
- Economical cost of delivery
- Customer at center
- Speed and efficiency through automation
- A connected ecosystem supporting transformation change
IRM+ allows organizations to enhance risk management capabilities in an increasingly complex and interdependent environment. IRM+ specifically helps organizations:
- Adopt a cohesive data model to unify their ecosystem and gain a comprehensive view of risk.
- Build a risk architecture the right way using leading practices for implementation and governance.
- Harness the capabilities of next-generation technology to capture, protect and sustain value.
The specific benefits of IRM+ are vast but can be boiled down to helping clients:
- Gain enterprise-wide visibility into risk and compliance
- Build operational resilience and agility
- Drive down cost and create sustained value
The team
Related content
How businesses can stand the test of time
Businesses are struggling to thrive in times of extreme uncertainty and complexity. Learn how your enterprise can build resilience as a capability. Learn more
How can a crisis help you turn a challenge into an opportunity?
EY Crisis Management & Incident Response enables business leaders to recognize, be ready for, respond to and recover from crisis threats. Learn more.