The risk team at Vision Credit Union know that ERM is more than a checkbox exercise to satisfy management and board members, but they were struggling to find a way to prove the value of their efforts. Their goal was to create a company-wide risk culture that makes risk an innate part of decision-making across all teams. If the team is thinking about risk and the controls behind it, they will understand and appreciate the value of the ERM program.
“Resolver was able to transform the way we looked at ERM. Our program seemed like a watered-down version of what it was supposed to be. We used Excel, met with risk owners and conducted quarterly risk assessments. Because Resolver software is so flexible, we were able to visualize how we wanted ERM to function and then configure the solution to help us accomplish that. We recreated everything from the ground up and refined our process.”