Read the latest insights from the Camms team.
Adam Collins | October 2, 2020
We are excited to announce that our industry recognized Risk Management Software Solution, Camms.Risk, was yet again named as a “High Performer” in the GRC software category by G2 in their Fall 2020 report. This marks the 3rd consecutive quarter in 2020 Camms.Risk has been recognized by G2 in its quarterly Grid report.
Daniel Kandola | October 1, 2020
Transferring products from A to B quickly and efficiently is the name of the game in the constantly moving world of transportation and logistics. Unfortunately, a myriad of variables means this process is rarely as easy as ABC at the best of times – and 2020 is proving more algebra than alphabet. Navigating a clear course within the sector has never been so challenging. Existing risks have been overshadowed – or in some cases accelerated – by an unprecedented global event that has brought the importance of organisational resilience into sharp focus: the COVID-19 pandemic.
Beau Murfitt | September 25, 2020
Major banking institutions have been at pains to stress their determination to overhaul their ability to combat financial crime of late – following a string of high-profile corruption scandals. Unfortunately, these claims appear to be words without substance after a disturbing tale of leaked documents, dirty money, and international crime emerged – one that sounds more like something from a Netflix crime drama than the world of regulatory compliance.
Daniel Kandola | September 17, 2020
The rapid spread of the COVID-19 pandemic has completely blindsided society in 2020, with devastating effect. But was this cataclysmic event a black swan? It appears not. According to the National Risk Register – an overview of the risks of major emergencies that could impact the UK in the next five years – the threat of a pandemic was firmly on the government’s radar: “experts agree that there is a high probability of another influenza pandemic occurring, but it is impossible to forecast its exact timing or the precise nature of its impact.” In fact, of all the high consequence risks outlined in the register – from severe weather to terrorist attacks – a pandemic was considered to have the highest potential impact.
This threat wasn’t classified information reserved for senior figures in Whitehall; it had filtered down to local government level. Take Camden Council, for example, which – like other local authorities – already had information about pandemic risk fed to them by Public Health England. Camden subsequently rated a ‘pandemic flu’ as a 4/5 likelihood and 5/5 for potential damage on its risk register – proof that more high-profile risks like terror and cyber-attacks weren’t their only focus when it came to organisational resilience.
Daniel Kandola | September 10, 2020
What a difference a year can make. Cast your mind back to 2019: the global defence sector was on the offensive due to budget increases and military modernisation was the plan of attack, as growing security concerns forced governments to invest heavily in new equipment. So much so that international defence expenditure was forecast to grow between 3% and 4% in 2020 to reach an estimated US$1.9 trillion – driven by increased spending in the US, Russia, China and India.
Daniel Kandola | September 2, 2020
Successful organisational resilience relies heavily on the four sights: insight, foresight, oversight and hindsight. Unfortunately, anticipating and preparing for sudden
Warwick Kirby | August 24, 2020
McKinsey & Company published an insightful article in March 2020 – Beyond coronavirus: the path to the next normal.
Kevin Sneader and Shubham Singhal stated, that to win the war against Coronavirus required action across five horizons: Resolve, Resilience, Return, Reimagination, and Reform.
Brad Smith | August 5, 2020
The impact of the massive global disruption from the COVID-19 pandemic during 2020 has been felt in virtually every organizsation, workplace, and household around the world. With or without an effective vaccine, the pandemic’s far reaching impacts will be felt globally for some time to come.
Brad Smith | July 28, 2020
We all know that reporting safety incidents in the workplace is essential to managing risk, but with the advent of COVID-19 the relationship between risk and incident has taken on a whole new meaning.
Camms | July 23, 2020
Camms has continually evolved since we were founded in 1996! With nearly 25 years of experience in business software solutions, we have continually invested in making our software right for supporting organizations to achieve their goals.
Camms | June 11, 2020
To provide our customers with assurance around Camms' ongoing commitment to information security management, we are pleased to announce that we have recently achieved certification of the ISO 27001:2013 standard for our major offices around the globe. This followed an in-depth set of assessments over the past 6 months including onsite audits in all locations.
Camms | June 4, 2020
The largest implementation partner of Adaptive Insights in the APAC region, GK Horizons, are trusted by their customers across various industry verticals to improve not only their financial insights but their business agility and overall performance.
Brad Smith | June 1, 2020
Today’s climate proves that both local and global events can significantly impact the strategy and operations of an organisation. With key attributes in today’s volatile and uncertain environment being agility and flexibility,
Camms | April 21, 2020
Tomorrow needs pace, agility and quick decisive management. Today is the day to invest in the right risk management software. Rapid change is a constant in today’s environment.
Yasith Fernando | November 25, 2019
Sustainable Software Development refers to a set of principles and practices which enables a team to maintain an optimal speed in development indefinitely for the sustainability of the development team and ergo, the company.
It might sound extreme, but the cost of keeping risk management and corporate strategy separate can be the success of your organisation.
All too often the senior team focus on setting the big picture strategy, with risk and compliance working at a purely operational level.
Here at Camms we have been working over the last 20 years to eradicate this disconnect, and give organisations the right tools for success.
In our recent webinar, The Journey to Success Starts with Risk & Strategy Integration, which I co-hosted alongside our guest speaker Norman Marks, he shared his views about improving business outcomes and success by bringing risk and strategy together.
Particularly in larger organisations or those spread across multiple sites or regions, one of the biggest challenges is simply having a vision of the one strategy and operational plan.
Camms risk and strategy solutions break down those siloes through real-time, cloud-based software. But more importantly it connects together the high-level strategy of the business with operational activity and risk management.
According to Norman Marks, a highly experienced risk expert and author, breaking down barriers between teams is important, especially given the prevailing sentiment towards the risk department.
“Too often the risk team is seen as the department of no. The department that quite literally stops people from doing what they want to do and diverts them from what they see as running the business,” said Norman.
He says it would be similar to someone presenting you with a list of potential issues when you left your house to go to work or shopping – all it would do is annoy you.
“We all know that life is risky, so if we wanted to avoid all risks in life, we’d never leave the house. Likewise in business, if we avoided all risks, we’d have to close the business down,” Norman said.
“The risk managers who simply create a long list of possible risks are both doing themselves and their organisations a disservice, and it’s time to set aside this old way of managing risk.”
There hasn’t been a year like 2020 or the start of 2021 for bringing risk right to the forefront of all our thinking. But it’s also reiterated that good management decisions are based on knowing your game plan, the right data on risks, and the agility to weigh up all the factors and move on.
The power of a software solution like Camms is that it not only gives complete oversight to all actions at a senior level, by its nature it changes the way people work and how business performance is measured and monitored.
According to Norman, leaders and Boards need to see the value of risk management and how it adds value to the overarching performance.
He cites a NC State University 2020 State of Risk Oversight report, created in partnership with the AICPA, that asked executives and Board members if they saw risk management as vitally important as setting strategy.
“The results found only 3% said absolutely yes, which is a really low result and shows they are not seeing the value of risk being part of the setting of strategy.”
Solutions that bring the risk elements into the strategic decisions that need to be made very quickly show the value they can generate, both in opportunity and in avoiding costly issues.
At its very heart, good risk management, according to Norman, is all about what might happen. That means a mature outlook that explores the “good” opportunities along with the “bad” threats, with an understanding that many decisions will deliver both.
“The key question to always ask is – what is the right thing to do for the business?” Norman said.
“The risk management team has a great range of tools and ways to model risks and opportunities and project the outcomes of different scenarios.
“My proposition is that the term risk itself is unhelpful in bringing risk and strategy together. I know one organisation that changed their risk team to decision support. I also like to think of risk as the department of how. It completely reframes the kind of support the business needs and the kind of intelligence that can be delivered.” A view passionately shared by myself and the team at Camms.
With integrated solutions in risk, strategy, projects and people, it’s not about being adverse to all risk, it’s about focusing on how that risk can blossom into opportunity, which will not only serve your business through turbulent times but it will ensure Camms business software is all about making the right decisions, managing risk, aligning talents and focusing on what matters. It sets the right foundations for success.
Find out more about how Camms’ software can help your organisation bridge the gap between risk and strategy by requesting a demo today!
Vice President, EMEA