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.
While 2021 might already be a couple of weeks old, the question remains: has your organisation taken the time to look back on 2020 and re-evaluate how prepared it was to support its employees and customers, while continuing to deliver critical services and products during the turbulent times that the COVID-19 pandemic brought on?
2020 was a quite a tough year, to say the least. It certainly was the year where many organisations were forced to throw out their “business as usual” risk management playbooks to simply survive in a weakened economy. Many business leaders were forced to reflect just how effective and adaptable their organisation was when it came to their technology, innovation, acclimation to the changing workforce needs and a disruptive supply chain when disaster struck.
As organisations around the world continue to pick up the pieces and turn to face the challenges and opportunities 2021 will bring, the mindset that organisational resilience is not something that can be summoned overnight, has already begun to root itself deeply among forward thinking business leaders and their organisations.
Is your organisation a risk-informed business ready to take on any uncertainties 2021 will surely bring?
Saying goodbye to siloed risk
Businesses generally operate with a multitude of departments which can often work in a variety of ways and towards different goals and objectives. While siloed operations can be effective to a certain degree, it has the potential to have a detrimental long-term effect, especially when it comes to risk management.
A siloed approach at best may deter an organisation’s ability to identify and accomplish its common goals and objectives while hampering collaboration, which could lead to many opportunities being missed out on.
Unfortunately, business and technology transformations do not happen overnight, which means businesses may be overlooking critical risks or issues and failing to implement, update or even coordinate existing enterprise-wide disaster recovery plans.
Interestingly, risk and resilience in many organisations often tend to be siloed, leading to a lack of transparency in data management across risks, processes, performances and trends.
While organisations can operate in separate business units, a single risk has the potential to affect many different parts of the business. Shared methodology and collaboration will be only be created when risk managers work with other key business units to develop new ways of communicating risk. This in turn enable firms to adopt better strategic company-wide approaches to mitigate threats and to grab opportunities.
The crucial nature of cultivating a risk-aware culture across the enterprise
The very concept of a risk culture is ethically driven and value-based, as opposed to formal governance and processes. What does creating a more risk aware culture in your organisation mean for you? Undoubtably, it will result in a holistic and an integrated view of implementing risk management.
An organisation with a risk aware culture firmly embedded in its core is far more resilient to external influences and far more agile in adapting to change. In retrospect there were many organisations that were able to navigate the COVID-19 pandemic successfully, yet there were many that were not able to.
Could the organisations who struggled have been hindered by lack of visibility across their business-wide risklandscape? The key benefits of encouraging the development of a strong risk aware culture in your organisation directly derives from agile decision making in terms of both risk and rewards of opportunities.
Investing in the right technology to drive organisation resilience
How can an organisation integrate risk management software that has the capability to drive meaningful decision-making, whilst affording a business to leverage data to identify trends, automatically link issues into risk, and gain an understanding in real-time of what their risk and control position is? Most importantly, how do organisations adapt and show resilience during both normal business operations and disruptive events?
Camms business solutions have the power to integrate meaningful risk, strategy, project,and people solutions, helping you make the right decisions, manage risks, align talent and focus on what matters.
It’s time Risk departments position themselves as the department of how-to, so organisations can evolve through disruptive events to remain operational, and most importantly, grow.
Find out more about how Camms can help your organisation build a risk informed business and request a demo today!
Chief Product Officer