Seminars & Workshops of technology transfer and Certificate in Enterprise Asset Management (CEAM)
A Holistic Real-Time Logical Approach to Governance "Risks, Opportunities and Results" Identifying and taking advantage of hidden opportunities, which have become scarce, due to the changing demands, ongoing stricter regulations and standards required, by using a Real-Time logical tool to ensure the collaborative interaction between all work stations
Certificate in Enterprise Asset Management (CEAM) Joint Skills of Enterprise Risk management (ERM) and Enterprise Asset Management (EAM) focused on HR
1
Seminars & Workshops of technology transfer and Certificate in Enterprise Asset Management (CEAM)
Specific Added Value compared to existing IT Following the NAIC regulations (US Solvency), European Solvency II regulations and International Best Practices of SOLVENCY II (EU, Canada, China, Russia, Mexico, Brazil and rest of the world) that affect the Financing and Insurance of Companies from all sectors since January 1st, 2016, a tool to consolidate and understand the Big data is required. The IT-IRM (Investor Relationship Management) of RISKOSOFT is the answer. It helps Entities in Real-Time Decision Making based on stochastic calculations (Stats and Probability). The IT-IRM is an exclusive Asset of "Corporate Governance" that enables automated CORPORATE CONSENSUS… that is "to push" or make efforts in the same direction. It is the DYNAMIC INTERNAL STRATEGY of value creation focused on the Maximum Common Reward (MCR) (*) joining the technical capacity and the multidisciplinary knowledge of interaction of internal control functions in real time at all workstations to:
Generate, process, continuously improve the profit and ROI (Return On Investment); Maintain the same level of risk appetite in an organization; Develop Dashboards Reporting of Data Governance and Solvency taking into account the impact of HR on internal financial performance, especially when the social and economic situation of a Counterparty Credit Risk (CCR) is deteriorating; Index automatically variable compensation on operational risk indicators and Economic Capital and, Provide each employee levers to improve and monitor its performance and that of the team or Cash Generating Unit (CGU) in real time. (*) For more see "Optimizing people's contribution to the common results"
2
Seminars & Workshops of technology transfer and Certificate in Enterprise Asset Management (CEAM)
Levels of Certification (Beginner / Intermediate): CEAM 1 for the heads of Internal Control and CEAM 2 for team leaders or CGU.
CEAM 1
CEAM 1
CEAM 1
Finance
HR
OM
CEAM 2 CGU / Team Leaders
See course details in "Guide for Trainers"
Scientific and Academic Partnerships Research, Monitoring and Popularization of the innovation in US and the world market of 180 countries
"The Value in using IT-directed Investor Relationship Management" [Online], Information Systems Audit and Control Association Journal, vol. 6., USA, Dec. 2013; "Potential Impact of IT-directed Investor Relationship Management (IRM) on Employment in G20 Countries", ISACA JOnline, vol. 4, USA, August, 2014;
“Strengthening Value and Risk Culture Using a Real-time Logical Tool”, ISACA Journal Volume 3, USA, May, 2016
Guaranteed and Client benefits Before accessing the Intranet IT-IRM:
FREE SIMULATOR OF THE INTERNAL FINANCIAL PERFORMANCE ON
http://www.riskosoftcorp.com/ 3
Seminars & Workshops of technology transfer and Certificate in Enterprise Asset Management (CEAM)
Data of forward-looking management
Pre internal database of "Risks, Opportunities and Results" generated with the simulator upstream of the IT-IRM Internal financial performance database to increase net income on a three-year plan with the IT-IRM (Investor Relationship Management) controlling the new Risk Appetite threshold at all workstations ($ millions) (1) Workforce
VaR estimated on Cost of the the basis of new HR by the threshold simulator of risk without appetite Net recourse to income IT-IRM
Current level of value creation for the investor
Revenues
Potentially Recoverable amount of Op risk losses
Total planned expenditure
Profit Expected
ROI
Training Plan
Number of heads of internal Control (CFO, HR and OM)
Number of Team leaders or Cash generating units
293 000
$ 40,40
$ -1,31
$ 5, 469
$ 246
$ 5, 223
$1, 927
$ 3, 296
71,08%
10
14 650
(2)
(2)
(2)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(3)
(1) Applicable Regulations:
In the EU and internationally: reversal of an impairment loss is recognized in the profit or loss unless it relates to a revalued asset [IAS 36.119]
In US GAAP: FASB statement SFAS 144 – Accounting for the Impairment and Codification Topic 360, 2011
(2) and (3): examples of Input and Output
4
Seminars & Workshops of technology transfer and Certificate in Enterprise Asset Management (CEAM)
Nothing like this had existed up to here. The Basel Committee on Banking Supervision (BCBS) has recommended the setting up of the internal databases since 2004 with the Basel II agreement. However technological efforts were limited to risk mapping or registers of unexpected loss events (UL) without being able to take into account expected losses (EL) required to calculate absolute VaR and the amount of potentially recoverable loss by the assets in human capital. That is why the IT-IRM is an exception on the world market. The IT-IRM is in competition with no software; this application of the real time collaborative interaction between all work stations and internal control functions (Finance, HR and OM) complements the existing IT, including stochastic calculation tools (statistics and probability) that, with the reel internal database of Enterprise Risk management (ERM) and Enterprise Asset Management (EAM) focused on HR, can now limit the margin of error in their medium and long-term projections. For more see the publication in the United States in May 2016 by the World Association of IT audit, ISACA Journal: http://www.primo-europe.eu/wp-content/uploads/2016/05/Article-Exclusive-in-ISACA-Journal-Strengthening-Valueand-Risk-Culture-May-2016-.pdf
________________________________________________
5
