ARMONK, N.Y., Aug. 21, 2013 /PRNewswire/ -- IBM (NYSE: IBM) today announced the industry's first integrated enterprise risk management solution that helps financial services clients maximize profitability, ease compliance and boost risk-aware decision making. The new IBM Signature Solution – risk management for credit lifecycle management enables C-suite decision-makers to drive an integrated approach to monitor credit exposure across an organization. For the CFO, the solution features a dashboard that provides visibility into the wholesale credit touchpoints that extend from the front office to the back office.
In today's economy, CFOs are challenged with making strategic decisions with trusted data located in disparate areas of their organizations -- using data sets from both inside and outside their companies. They are managing people, systems and technology infrastructure in a time of great regulatory scrutiny. This is in addition to the role of CFOs as corporate scorekeepers, ensuring all risk and accounting functions are accurately reported.
"CFOs are now acting as agents to identify new growth opportunities and manage strategic shifts in their companies' business models. To help with this shift, companies are rethinking their use of data and analytics to attain a more holistic view of their portfolio, and to get a single view of their customers and related risk exposures," said Wayne Wilczynski, Global Risk and Regulatory Compliance Leader, IBM. "IBM's new solution can provide insights to improve credit risk decisions and significantly advance an instrumented, integrated view for CFOs."Despite increased productivity in the face of regulatory pressures, some financial organizations are still relying on siloed and manual wholesale credit systems and processes to fulfill risk management responsibilities. These processes do not provide financial management with the integrated, timely information they need to proactively manage risk and optimize capital.