Texert Introduces Innovative Software to Support Standard & Poor's Enterprise Risk Management Analysis

Company: Texert, Inc.
Published: 14 May, 2009
Texert, Inc., a leading provider of innovative software solutions that enable an intelligent risk aware enterprise and support early warning risk detection announces the availability of its J-Port(R) product to support enterprises in achieving ERM effectiveness and improved Standard and Poor's ratings. Texert's J-Port(R) enables corporate enterprises to automate, manage and improve risk culture, monitor the risk process, minimize loss events, manage regulatory compliance and ultimately improve business performance.

As the current global financial economic crisis has demonstrated, it is no longer sufficient for corporations to rely solely on quantitative Value at Risk (VaR) models to analyze and assess risk. Market dynamics have evolved beyond regulatory compliance to include a broader range of risk assessments and enterprise intelligence; corporations must complement effective risk management with cost-effective regulatory compliance and provide business intelligence required to improve risk decision-making.

Regulatory and ratings organizations including Standard and Poor's, Financial Services Authority (FSA), and North America Electric Reliability Corporation (NERC) are focusing on ensuring executives have the necessary information to gauge accumulated risks across the entire enterprise, understand their linkages, correlations and impacts, and put in place the preventive measures to mitigate exposure. Key stakeholders including Corporate Boards, executive management and risk and compliance owners, must have a corporate-wide view of the risk culture, processes and risk/performance indicators to manage strategic, operational and financial risk.

Next generation ERM solutions must enable a comprehensive approach for the entire organization and provide the transparent view of potential weaknesses and correlations across multiple business units.

Texert's J-Port(R) GRC provides an innovative and comprehensive solution to address the needs of corporations who are integrating effective risk management as a part of an overall culture and business strategy. Corporate enterprises spanning various industry verticals including financial, energy, utilities, telecom and healthcare require next-generation product capabilities that enable a lower cost of ownership, enterprise-wide transparency and seamless integration into existing environments.